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Why Getting Rich Is Easier Than You Think

Why Getting Rich Is Easier Than You Think

Many of us chase success by working hard and sacrificing our personal and social lives. We push ourselves so hard that we can end up with stress-related health issues due to our relentless pursuit of wealth. It doesn’t have to be this way. Think outside the box and look for opportunities or a gap in the market that can be taken advantage of.

Here are 10 tips to getting rich that flout conventional thinking:

1. Stop the self-limiting beliefs

Most people doubt themselves and as a result they set their sights in the middle. Not too low but not too high either. This is how most people think, so competition in the middle (or for ‘the average’) is very high. This is why it pays to think big and aim high. There’s less competition and you might find that thinking big leads you to a place where things happen.

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2. Know what you want

Most people don’t even seem to know what it is they want or what makes them happy. Define goals and create specific steps to achieving them. The more specific the steps, the more likely you are to get there.

3. Have unwavering self-belief

Persistence, passion and a belief in your abilities and ideas will get you far. The right time to live your dreams is now. Stop lying to yourself and stalling.

4. Know your strengths and weaknesses

Capitalize on your strengths and know what you’re good at. Minimize your weaknesses. They’re only a problem if you allow them to be. Don’t be afraid to fail. See the trial-and-error process as a positive way forward.

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5. Find your personal style

Learn from competitors but adopt your own style, your own brand. Identify your unique characteristics. What is it that would make you stand out from others? Be personable and don’t be afraid to show the human behind the brand and logo.

6. Consider the Law of Attraction

Focus on what you do want instead of what you don’t. When we focus on a lack of money and success we generate negative energy that isn’t conducive to achieving our goals. Focus on attracting good things into your life and adopt an attitude of positive expectancy.

7. Outsource

Outsource what you aren’t particularly brilliant at. Don’t waste time trying to do and be everything. Great outsourcing websites include: www.yourmanininida.com, www.craigslist.com (for Philippines-based assistance especially), and www.getfriday.com (India). These websites offer virtual assistants who can help with admin, programming, personal errands—the sky is the limit. This will free up your time to focus on what you are good at, and keep your spirits up too.

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8. Luck plays a part

Sometimes luck meets opportunity and great things can happen. Feel lucky and tell yourself that life doesn’t always have to be a struggle. Serendipity happens to all of us on some level. The trick is to recognize it when it is on offer and use it to your advantage.

9. Online opportunities

The internet has opened up all sorts of opportunities to create wealth and success. More than ever, there are a myriad of ways to be inventive and come up with ideas to make money online. In the future it is highly likely that many will work remotely instead of enduring the daily grind of visiting an office. Become online savvy and learn ways to work more flexibly to achieve success.

10. Network

Surround yourself with positive people who have similar interests. Expand your social network with websites such as Meetup and LinkedIn. Connections can make a huge difference to the success or failure of a project. Often it isn’t your credentials as a professional that wins the day, it is your personality and the way you are able to connect with others. If they like you, you are more likely to win the business.

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There are many ways to improve your chances of getting rich. They key is to be open to ideas and opportunities and possess a positive approach to getting ahead. If you believe that life is a struggle and that everything requires hard work, this will be your reality. To get rich, yes, you need to put in effort, but it’s important to examine your preconceived ideas about what is possible for you as a starting point. Positive expectancy means you will be more likely to try, instead of dismissing possible opportunities.

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Mandy Kloppers

Mandy is a Psychologist/CBT therapist who believes getting through life is easier with a robust sense of humour.

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Last Updated on March 4, 2019

How to Use Credit Cards While Staying Out of Debt

How to Use Credit Cards While Staying Out of Debt

Many people will suggest that the best thing to do with your credit cards during these tough economic times is to cut them up with a pair of scissors. Indeed, if you are already in huge debt, you probably should stop using them and begin a payback strategy immediately. However, if you are not currently in trouble with your credit cards, there are wise ways to use them.

I happen to really love my credit cards so I will share with you my approach to how I use mine without getting into deep financial trouble.

Ever since about 1983 when I got my first Visa card, I continue to charge as many of my purchases as possible on credit. Everything from gas, groceries and monthly payments for services like my cable and home security monitoring are charged on credit. Despite my heavy usage, I have maintained the joy of never paying any interest fees at all on any of my credit cards.

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Here are some tips on how best to use your credit cards without falling into the trap of paying those nasty double-digit interest fees.

Do Not Treat Credit Cards as Your Funding Sources

Too many people treat their credit cards as funding sources for major purchases. Do not do this if you want to stay out of trouble. I use my credit cards as convenient financial instruments so I do not have to carry around much cash. In fact, I hate carrying cash, especially coins. When you buy things on credit, the purchases are clean and you will not get annoying coins back as change.

I do not rely on my Visa, MasterCard or American Express to fund any of my purchases, large or small. This brings me to my golden rule when it comes to whether I will pull out any of my credit cards either at a retail or online store.

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I never purchase anything with my credit cards if I do not have the actual cash on hand in my bank account.

If I really cannot pay for the item or service with cash that I already have at the bank, then I simply will not make the purchase. Remember, my credit cards are not used as funding sources. They are just convenient alternatives to actual cash in my pocket.

Make Sure to Always Pay Off Balances in Full Each Month

The next very important part of my overall strategy is to make absolutely sure that I pay the balances in full each and every month no matter how large they are. This should never be a problem if the cash has been budgeted for my purchases and secured in the bank. I have always paid my full balances each month ever since my very first credit card and this is why I never pay interest charges.

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Using Credit Cards with Rewards

Most of my credit cards are of the “no annual fees” type, including one MasterCard on a separate account I keep at home as a spare in case I lose my wallet or incur any fraudulent charges. However, I do use a main Visa card which does have an annual fee because all purchases on that card reward me with airline frequent flyer points. For me, the annual fee is worth it since I do travel and I get enough points to redeem many free flights.

You have to decide for yourself if you will charge enough purchases on credit each year without paying interest charges to warrant a credit card that rewards you with airline points (or other rewards). In my case, the answer is “yes” but that might not be the case for you.

I occasionally use a MasterCard or American Express card on small purchases just to keep those accounts active. Also, I have been to the odd retailer that accepted only a certain type of credit card, so I find that having one from each major company is quite handy. Aside from my main Visa card which earns the airline points, the rest of my cards are of the “no annual fees” variety.

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So this is how I use my credit cards without getting into any financial trouble with them. This strategy is recommended only if you are not in debt, of course. In fact, it is worth keeping in mind once you’re out of debt so that you can keep your credit cards active and treat them responsibly.

What are your credit card usage strategies? Let me know in the comments — I’d love to hear what methods you use.

Featured photo credit: Artem Bali via unsplash.com

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