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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 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.

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Featured photo credit: Austin Distel via unsplash.com

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