ChenPG / stock.adobe.com
“The reason you don’t have money today is not because you’re lazy, not because you’re not disciplined, not because you’re stupid … you have the wrong information.” Grant Cardone
The wealthy don’t do what the rest of us are told to do, so I’m going to share with you the secrets of the most wealthy. If you want to be in the top 1%, someone who makes 10x more than the average Joe, someone who has the drive to always do more, go bigger, then you’ve gotta keep reading to find out what you need to do to become one of the wealthy.
The wealthy break cycles, they help others, they create jobs, they invest in themselves, they connect with other wealthy people and have a bigger vision than others.
Surround yourself with winners who care about the future, making money, building generational wealth … and creating financial freedom.
Now, before I get into it, there are four things you need to know:
The Status Quo is going to program you to believe you have control over things like your money, your success and your destiny. It’s going to tell you lie after lie until the lies start to sound more credible than the truth. The Status Quo will do whatever it can to make sure you play by its rules and it has all the control.
This is why most people end up in a job they hate for 40+ years. They have been told to go to school, get a degree, work for 40 years and then retire. They play by the Status Quo rules, and then complain about their life and all the lies they have been told – yet, they refuse to see that it is not their fault at all. They do what everyone else does because they are afraid of being different and standing out from the crowd.
Wealthy people don’t play by the Status Quo. They are constantly reinventing themselves and trying new things. Be careful of people who won’t go against the Status Quo, because they are usually followers and not leaders. Wealthy people have goals and bigger dreams they want to achieve and will never give in to the old-fashioned ways of making an income. They also have at least seven streams of income.
You will never get ahead financially if you are spending more than you make. It’s like trying to climb a hill with your feet tied together – it can’t be done. So, how do you stop? You must start by making a budget and sticking to it.
Instead of buying things you don’t need, start paying off your debt. Debt is the biggest enemy of wealth. Think about it like this: if you earn $1,000 and have $3,000 in debt, you are only getting a 33.33% return on your money instead of 100%. Now, if that same $1,000 had no debt attached to it, you would get an infinite return on your money.
To be wealthy, you must have less debt. You can’t spend money on materialistic things that don’t matter. Wealthy people know what they can and can’t afford. They are frugal with many things in life. Remember, stay broke and sacrifice now so you can enjoy the fruits of your labor later.
If you read nothing else, make sure you at least read this: You are the average of The Five People You Spend Most of Your Time With. It’s true – studies have proven it over and over again. So what does this mean?
It means if you hang around broke people, you will be broke. If you hang around people who live paycheck-to-paycheck and complain about money all the time, then guess what? You’re going to spend your life doing just that – complaining about how nothing works for you and you don’t have any money. Surround yourself with winners who care about the future, making money, building generational wealth … and creating financial freedom.
A New York Times bestselling author, Cardone is the world’s No. 1 sales trainer and an internationally renowned speaker on leadership, real estate investing, entrepreneurship, social media and finance. His privately-held companies have annual revenues exceeding $100 million. Forbes named him No. 1 of the “25 Marketing Influencers to Watch in 2017.” He regularly appears on Fox News, Fox Business, and MSNBC and writes for Forbes, Success Magazine, Business Insider, CNBC, and Entrepreneur. He urges his followers and clients to make success their duty, responsibility and obligation. He currently resides in South Florida with his wife and two daughters.
Copyright 2020 ist Magazine