I want to prove to you that this is not true by showing you how to get rich no matter your finances. If you are in debt and earning minimum wage then you can become rich just as easily as someone without debt earning over $100,000 per year.
Me and my wife are the perfect example. We are both very young (early 20's) we both work part time and earn combined a lot less than most people earn by themselves. We have $20,000 in debt, a child on the way and we live in an area that is fairly expensive. Despite these setbacks we are steadily making our way to become rich and we will be financially free within the next 5 years.
Predators seeking the naive
There are two key thoughts that I want to share with you today that will empower and enable you to become rich no matter your financial situation. These are the two things that have set me apart from the other people I know who will live their entire lives and fail to become rich.
Before you begin to turn the wheel on your personal get rich quick scheme there are a few things you should consider. Here is a list of steps to take when preparing to get rich slowly or quickly;
Understanding the mechanics of 'how to get rich quick'
With financial intelligence you can invest more intelligently and earn more money. Reading this article is a great first step to increase your financial intelligence. I also suggest reading any of Robert Kiyosaki's books. Eventually I will have some of my own books out, but until then you can read Robert's books or you can sign up for a free email newsletter that will teach you how to be rich. Invest in your learning, because it is your financial intelligence that will make you rich, not how much money you have.
Don't Work For Money This will sound extremely contradictory to a lot of people because they believe that money makes you rich and in order to be rich you need to have a lot of money. Rich people, however, do not work for money. Rich people work for assets.
Character, reputation and income; getting the balance right
Assets are things that put money in your pocket on a regular basis without you needing to work for it, liabilities take money out of your pocket. A rental property can be an asset if the rental income is greater than all expenses, it can also be a liability if the expenses are greater than rental income.
Can you find an investor? Can you bring in additional knowledge from outside and offer shares to get your project off the ground? Can you afford to outsource specific tasks in order to move the project forward at a pace that you're happy with?
How to get rich quick
But if you work not for money but for assets that generate an income then when the value of money goes down your income goes up (the expense is passed on to your customers/tenants) so you never lose money. Not only will your passive income increase but the value of your asset with increase as the value of money goes down. So when you own assets you are always getting richer and richer.
Me and my wife are the perfect example. We are both very young (early 20's) we both work part time and earn combined a lot less than most people earn by themselves. We have $20,000 in debt, a child on the way and we live in an area that is fairly expensive. Despite these setbacks we are steadily making our way to become rich and we will be financially free within the next 5 years.
Predators seeking the naive
There are two key thoughts that I want to share with you today that will empower and enable you to become rich no matter your financial situation. These are the two things that have set me apart from the other people I know who will live their entire lives and fail to become rich.
Before you begin to turn the wheel on your personal get rich quick scheme there are a few things you should consider. Here is a list of steps to take when preparing to get rich slowly or quickly;
Understanding the mechanics of 'how to get rich quick'
With financial intelligence you can invest more intelligently and earn more money. Reading this article is a great first step to increase your financial intelligence. I also suggest reading any of Robert Kiyosaki's books. Eventually I will have some of my own books out, but until then you can read Robert's books or you can sign up for a free email newsletter that will teach you how to be rich. Invest in your learning, because it is your financial intelligence that will make you rich, not how much money you have.
Don't Work For Money This will sound extremely contradictory to a lot of people because they believe that money makes you rich and in order to be rich you need to have a lot of money. Rich people, however, do not work for money. Rich people work for assets.
Character, reputation and income; getting the balance right
Assets are things that put money in your pocket on a regular basis without you needing to work for it, liabilities take money out of your pocket. A rental property can be an asset if the rental income is greater than all expenses, it can also be a liability if the expenses are greater than rental income.
Can you find an investor? Can you bring in additional knowledge from outside and offer shares to get your project off the ground? Can you afford to outsource specific tasks in order to move the project forward at a pace that you're happy with?
How to get rich quick
But if you work not for money but for assets that generate an income then when the value of money goes down your income goes up (the expense is passed on to your customers/tenants) so you never lose money. Not only will your passive income increase but the value of your asset with increase as the value of money goes down. So when you own assets you are always getting richer and richer.
A Simple Way On How To Be Rich
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