How To Become Rich? Very Easy, Plant cash Tree and become Rich 🙂
Before I start to pen down anything, let me ask you first, How to become Rich or how to become rich fast?
Seems to be a complicated question or may be a simple equation, right? Earn more money and get rich, correct. But here is a great saying:
“It’s simple arithmetic: Your income can grow only to the extent that you do.” —T. Harv Eker
And trust me there is a limit as per above true saying, but the good thing is, it is not impossible to become rich and the bad thing is no one can become rich quicker or become rich overnight. So question remains the same, How to become rich then.
Well, answer lies in some proven, practiced and repeatable steps that can make you rich. These steps may take some time since there is no secret of becoming rich quicker but I am sure you will find yourself in a pool of success soon.
Not much money to invest? Not having huge income source? That’s ok, you can still become Rich.
So now let’s start exploring all options quickly to become rich:
How to Become Rich: 11 Great and Proven Ways
1.Your Second or Multiple Income Source
Yes becoming rich is not going to happen overnight until you are born with silver spoon or born wealthy.
The simple thing is that we have to create another source of income apart from our 9 to 5 job.
If it is possible for you, create more channels of income. Now is the time when earning from home is also possible. People are making plenty of money just working from home using internet.
There is no limit to earn money from internet but we have to start first. You can sell products without even owning any product. And there are multiple ways of scaling your online income.
Start finding even an Hour from your busy schedule, explore earning options and your alternate earning stream that you can do it after your regular job. Stick to it, results may take some time to show, but trust me everything will count. Just remember:
“You can’t work three hours a week and make $100,000. Get rich quick doesn’t work. Crock pot mentality always defeats microwave mentality!” —Dave Ramsey
2.Saving Money is to Earning Money
I have always said saving money is earning money. Financial crunch can be control to a certain extent by reducing expenditure of resources.
Believe me or not every penny saved is worth for a healthy wealth for your future.
Used the most vital theory, which say “Canon of Financial properties” before purchase or investing on anything.
Which simply means refer to some set of rules and checks before purchasing or investing on anything that marks your financial decision.
Saving money not really require to cut down your necessity but to spend wisely. That way you will see your Wise money. There are small things in our daily life that costs us some extra bucks. Trust me these extra bucks is a huge amount in near future.
Saving money is no art when you have a perfect money saving plan.
3.Manage Your Personal Finance Better
This is one of major factor that contribute our answer on how to become rich. It is a combination of Earning, Saving and Investment.
We should use our hard earned money in such a way that it should work for us. Manage personal finance is no more an art when you are hitting your financial goals correctly. Look for a smart investment plan that works for you. Choose small and safe then make it large. Smart investments are required looking at your future goals.
But there are more factors apart from investment that affects your finance. You need to take best controls on your money flow. So it is basically your Wise Money. Try to best manage of your finance in spending, analyzing and controlling money which provides justice to your financial goals.
For all these factors make sure to have a systematic and successful track on the way to becoming rich soon.
That was the question which contains answer within. No doubt the sooner your start the chances of becoming rich is easy and fast.
Before I say anything about this, looks at the picture below about investment:
So above picture clearly explains, when a person invests 20K every month for 20 Years, Maturity amount received will make you Millionaire.
Now suppose you are 25 years now and you have started investing, so at the age of 45 you can see your return. Now think about a person who started investing at age of 30 years, so in this context you are 5 years ahead in becoming richer than person who started investing late.
Look for some of best investing schedules around you, could be PPF, investing in Mutual funds(risk calculated),LIC schemes etc. Some of bank account investment is also not bad with no risk involved are Recurrence deposit, Fixed deposit and goal based deposits.
5.Time Is Money
Here is something really important to understand:
“Every day is a bank account, and time is our currency. No one is rich, no one is poor, we’ve got 24 hours each.” —Christopher Rice
I hope the above words described everything what I wanted to say.
Now here is a wonderful cartoon by Polyp which tells us something in different way:
In your daily life you may see many people spending their lives like they have an unlimited amount of time. And before they know the importance of time, it is too late to realize anything- remember the famous rat race?
Some spend their time gaining wealth and success, some spend on travelling, others have priority with time on partying and shopping, nothing is bad, it is all about how you want to spend your time and your each moment. Ask yourself – is time finite or infinite? Now here you got your answer on how to become rich, correct? If not, see your clock and ask yourself what was time an hour ago and how did it just ran out? You may have not realized due to busy in your work but minute by minute it just passes away.
Here is what Steve Job said: “Your time is limited, so don’t waste it living someone else’s life. Don’t be trapped by dogma – which is living with the results of other people’s thinking. Don’t let the noise of others’ opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition.”
And finally remember, “The only difference between a rich person and a poor person is how they use their time.” —Robert Kiyosaki
6.Become Rich by Starting Your Business
Remember one thing, just like you can only spend the money you have there is limit on saving too. But it is your potential that can earn you limitless money.
So start your own business or company or a start-up. Earning from your regular job can earn you money for only covering your living and necessity but not the amount that grows exponentially by time.
The solution on how to become reach can easily be resolved by money you earn from your business. There is classic saying, no one has even become rich by regular job, but it is business that makes them rich.
You can start any business online that you think you have skill for it. You can even sell products by opening your e-commerce website. Just remember your first earning can take some time. So be patient and be always on right track. Keep trying for best results, it is like get rich or die tryin.
7.Gain New Knowledge and Develop Great Skills
Here is something good to digest:
“Rich people have small TVs and big libraries, and poor people have small libraries and big TVs.” —Zig Ziglar
Have you ever thought about this? No doubt, most of world’s wealthiest people are also smartest people in the world. The key is to constantly updating ourselves with new skills and keep developing our knowledge.
These not only takes us to a new high level every time when time demands but also help ourselves against hard time and challenges. To overcome challenges we have to be ready. New skills and knowledge can also help us to get success in our fields and open path for becoming rich faster.
By gaining knowledge you can better understand marketing trends and the ways to deal with them, this will help you gaining more sales with your business. There are also many things we keep learning when we try to develop our skills and knowledge that leads to financial success.
8.Another Working Hand
Believe me or not, if you are married and your wife is also earning it is easy to manage finance. Not only day to day expenditures will be easily managed but future goals too. Being two earning members you will have extra money to plan your future goals.
There will always be extra amount for investment and savings. Both earning members can then plan to convert some amount into a sum of large amount in various ways. You will be able to manage your finance even better.
In similar way, a better working partner or co-founder can help to achieve success goals easily for a company.
9.How to Become Rich with Your Luck?
Now this is something I want to include in the list. You may be playing online games like poker,rummy, or cricket games on dream11,
These are some ways you can become rich. But winning is not guarantee. I even personally not advice to go for this method. Remember there is no short cut of earning money. But people have their choices, if you want you can try your luck sometimes. Do update me if luck favors you for most of times on these online games and if you were able to lock some hefty amount.
You may end up losing too much money and blame your luck. So let’s make sure this should never be the case.
There is point at times when we have to go ahead and take risk in order to grow.
Remember “The biggest risk is not taking any risk.” So launch your start-up with idea to grow in such a way that was not possible with 9 to 5 regular job.
Your start may be slow and could be disappointing, but remember no one has become rich overnight. Just to make sure risk is calculated and we do have a backup plan.
I started a placement consultancy which was miserable failed and for next 2 years I was unable to launch any start-up, recovery took some time. I did some mistakes and I want to make sure you should never repeat that. I have summarized my mistakes, and also success visions that I could have followed but anyhow failed.
“What’s keeping you from being rich? In most cases it’s simply a lack of belief. In order to become rich, you must believe you can do it, and you must take the actions necessary to achieve your goal.” —Suze Orman
11.Become Rich by Marrying to Wealth
We not only listen in stories or watch in movies but in real life you can become rich by marrying to a rich man or women. Say it a luck by chance, self-made luck or your lucky love but trust me heart brings out wealth to you.
Did you heard of divorce cases where divorce has been settled with a huge amount of money? Yes it happens and there are many examples you must be knowing. But that doesn’t mean marrying for only money and then get separated. Real love can also be found in your partner. So get lucky in every ways.
CALL TO ACTION !
Now my efforts will be wasted if you are not going to mark your track on the journey of how to become rich. I have never said it is going to be easy task but we are the one who can achieve it. You remember the classic saying “All riches have their origin in mind. Wealth is in ideas—not money.” And above are some of best and proven ideas that makes us rich. You follow some, no doubt rich is not a far state to achieve.
Did I miss anything? Let me know on comments and I will add it in above.
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