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10 Actions You Can Take to Get Rich at an Incredibly High Speed

10 Actions You Can Take to Get Rich at an Incredibly High Speed

Do you want to be rich? Many people believe that being financially successful is pure luck, but there are many things that anybody can do to become rich.

From changing your mentality to extra learning, check out 10 actions you can take to get rich at an incredibly high speed.

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1. Think of four ways you could make money outside of your job.

If you want to be rich it is important to stop thinking “I earn enough” and to start thinking “I could earn more.” Write down four ways you could earn money outside of your main job. From creating an e-book to selling on Amazon, there are many ways you could increase your income that would only require a little effort and time.

2. Learn in your free time.

To move up in your career and become rich, you must master new skills and knowledge in your area. Instead of just focusing on putting effort in at work, it can be very useful to learn more about your area in your free time. There are many ways you can do this, from reading books to listening to pod-casts to attending classes and seminars. Remember that the more skilled you are, the more you deserve to earn.

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3. Set specific financial goals.

“If you do what you’ve always done, you’ll get what you’ve always gotten.” This phrase is very true when it comes to finances, with many people believing that their financial goals are to pay the rent and bills. If you are already paying your rent and bills, it is time to set higher financial goals, such as saving, paying off debt or increasing your annual income. Mentality is important; always think big when it comes to your finances.

4. Make money your friend instead of your enemy.

Money pays for your home and it is has the ability to give you security, so it is important to view money as your friend and not your enemy. Write down 20 things you are glad your money pays for, such as your home and your new shoes. If you struggle to see money in a positive light, remind yourself that money can either open doors or closes doors—it is your choice.

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5. Solve a problem every week.

Rich people choose to focus on solving problems, rather than complaining about them. This attitude helps to improve your solution thinking, opening your eyes up to new financial opportunities and chances that could benefit you. Write down a financial problem once a week, such as raising your income or figuring out how to lower the price of your grocery shop, and come up with a practical solution to solve the problem. Keep going until you have improved all aspects of your financial situation.

6. Get a library card.

A library card is excellent value for money and opens up new worlds of knowledge. Having a library card gives you the option to expand your knowledge in your chosen area without spending too much, which is the perfect tactic to help you earn more money within your career.

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7. Do something that pushes you out of your comfort zone.

Many people are too scared to make uncomfortable decisions, but rich people are often more willing to. From leaving your job so you can start your own business to asking for a raise, many choices that seem initially difficult will be financially rewarding. Do something that makes you feel uncomfortable but may improve your life situation. It is pleasant to be comfortable, but it is much better to improve your life and financial situation.

8. Track your financial progress every month.

If you are bad with spending, it doesn’t matter if you are rich or not. You could have a high wage and still be left with little to nothing by the end of the month. Write down your income, as well as all of your out-going expenses. Is there anything that costs too much which you can cut out? This gives you a chance to see the bigger picture and allows you to make changes that will improve your finances.

9. Prioritize your goals.

You probably already have financial goals, but if you having too many can mean none of your goals are met. Instead of simultaneously trying to save up for a car and a holiday while paying off debt, decide which goal is your most important. Focus on achieving that, and then move on to your next goal.

10. Start investing wisely.

If you have no experience of investing, don’t start to invest without knowledge. Speak to a professional about how to invest well, or read up on the subject on-line. When you are educated and knowledgeable about investing, make small investments in business you know will be lucrative.

More by this author

Amy Johnson

Amy is a writer who blogs about relationships and lifestyle advice.

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Last Updated on January 21, 2020

How to Develop a Millionaire Mindset in 6 Simple Steps

How to Develop a Millionaire Mindset in 6 Simple Steps

We all like to dream about being financially wealthy. For most people though, it remains a dream and nothing more. Why is that?

It’s because most people don’t set their mind to achieving that goal. They might not be happy in their current situation but they’re comfortable – and comfort is one of the biggest enemies of growth.

How do you go about developing that millionaire mindset? By following these simple steps:

1. Focus On What You Want – And Take It!

So many people are too timid to admit they want something and go for it. When there is something that you want to accomplish don’t think “I could never actually do that”, think “I could do that and I WILL do that”.

Millionaires play to win, not to avoid defeat.

This doesn’t mean to have to become a selfish jerk. What it means is becoming more assertive and honest with yourself. You don’t have to grab off other people. There is a big pot of unclaimed gold in the middle of the table — why shouldn’t you be the one to claim it? You deserve it!

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2. Become Goal-Orientated

It’s almost impossible to achieve anything if you don’t set firm goals. Only lottery winners become millionaires overnight. By setting yourself attainable goals, you will get there eventually. Don’t try to get rich quickly — get rich slowly.

Let’s take the idea of making your first million dollars and expand on what kind of goals you might set to get there. Let’s also say you’re starting at a break-even position – you’re making enough to get by with a few luxuries, but nothing more.

Your goal for the first year can be having $10,000 in the bank within a year. It won’t be easy but it is doable. Next, you need to figure out the steps you need to take to achieve that goal.

Always look at ways to make growth before cutbacks. With that in mind, you might want to see if you can negotiate a pay rise with your boss, or if there’s another job out there that will pay better. You might be comfortable in your old job but remember, comfort stunts growth.

You may also have other skills outside of your workplace that you can monetize to boost your bank balance. Maybe you can design websites for people, at a fee of course, or make alterations to clothes.

If this is still not enough to make the money you need to save $10,000 in a year, then it’s time to look at cutbacks. Do you have a bunch of old junk that someone else might love? Sell it! Do you really need to spend $10 on your lunch everyday when you could make your own for a fraction of the cost?

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If you are to become a millionaire, you need to start accumulating money.

Here’re some tips to help you: How to Become Goal Oriented and Achieve More in Life

3. Don’t Spend Your Money – Invest It

The reason you need to accumulate money is for step three. Millionaires tend to be frugal people, and that’s because they know the true value of money is in investing. Being your own boss goes hand-in-hand with becoming a millionaire. You’ll want to quit your regular job at some point.

Stop working for your money and make your money work for you.

Rather than buying yourself a new iPad, that $500 could be used to invest in the stock market. Find the right shares (more on that later), and that money could easily double within a year.

There’s not just the stock market — there’s also property, and your own education.

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4. Never Stop Learning

The best thing you can invest in is yourself.

Once most people leave the education system, they think their learning days are over. Well theirs might be, but yours shouldn’t be. Successful people continually learn and adapt.

Billionaire Warren Buffet estimates that he read at least 100 books on investing before he turned twenty. Most people never read another book after they’ve left school. Who would you rather be?

Learn everything you can about how economics works, how the stocks markets work, how they trend.

Learn new skills. If you have an interest in it, learn everything you can about it. You’d be surprised at how often, seemingly useless skills, can become extremely useful in the right situation.

Start developing the habit of learning continuously: How to Create a Habit of Continuous Learning for a Better You

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5. Think Big

While I advise to start off with small goals, you absolutely should have a big goal in mind. If you have a business idea, then that is your ultimate goal – to start that business and make a success of it. If you want to invest your way to millions of dollars and do little work other than research, then that is your big goal.

There is no shame in not achieving a big goal. If you run a business and aim to make $1 million profit in a year and “only” make $200,000, then you’re still significantly ahead of most people.

Aim for the stars, if you fail you’ll still be over the moon.

6. Enjoy the Attention

To be successful, you have to be willing to promote yourself and enjoy the attention to a certain extent. Now the attention doesn’t need to be on yourself, it could be on your brand, but attention definitely attracts money.

Never be embarrassed to get your name out there. That means finding a spotlight and being brave enough to step right up underneath it.

If you run a business, try contacting the local papers. You’d be surprised at how amenable they often are to running a story about you and your business, and it’s all free publicity.

Above all, remember: You control your own destiny. Push hard enough for anything and you’ll get it.

More About Thinking Smart

Featured photo credit: Austin Distel via unsplash.com

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