the journey making money and becoming rich is everyone's dream when a child comes into the world
parents and other family members have already developed preconceived notions of what their child
would become and to be honest most or all of these notions have something or other to do with money
or becoming rich parents have a great deal of experience from life and want to make sure their
children do not make the same mistake and lead a better life than theirs the child's journey from
a boy to a man is mainly about living a healthy successful life with loads of money being rich
is a rather subjective word and varies from person to person people owning big luxury cars and houses
may be classified as the rich by many but our definition our understanding is a bit different
who is rich for us any person who's able to develop a sustainable income stream and lifestyle
may come under the definition of being rich we will further delve into the subject and
bring some clarity to the matter at hand our generation is the generation of social media
tools like instagram facebook and snapchat have increased the need for a common individual to
impress others in this process people tend to go overboard and spread their legs more than their
blankets in other words people tend to waste money on nonsensical items while on the surface they may
appear extremely rich but deep down these people are suffering from depression these people spend
their entire paychecks on buying things they don't need they lack in planning for the future and when
conditions get tough they go out completely bankrupt therefore for us people appearing
rich on the surface may not be truly rich for a person to be rich they must have the ability to
build up wealth over time these are the people who are able to survive through thick and thin
as they add smart calculated decisions and once you have enough savings and wealth then you can
go ahead and spend on other luxuries below are a couple of things to stop doing to become rich
1. following the herd change comes with the mind and that's exactly what we mean when
we say following the herd everyone has their own circumstances and thus lead their lives
accordingly similarly we have our own lives and conditions and thus may lead our lives that way
if i see someone blindly spending all of their fortunes on something useless such as unnecessary
luxuries it's not obligatory for us to do the same soliciting credit through credit cards bank
loans or mortgages is so easy these days that almost everyone these days appears to be rich
or at least on the surface it's imperative that we do not get impressed easily by other people
we should be able to assess our own strengths circumstances conditions and weakness and come up
with decisions accordingly impressing others may bring in instant gratification but in the long run
it can be disastrous decisions especially related to money and wealth should be taken while keeping
the long run in perspective 2. blaming others most people who are not rich always complain about
their job how unfair life is how someone else screwed them up how their boss is not supportive
and so on there's a very famous saying taught in school that a bad worker blames his tools
no one in this world likes to blame themselves it's human nature to spread the blame but doing
it every now and then is a major red flag life will always be unfair and one should accept this
fact a person who adopts the habit of blaming others would continue to do so their entire life
rich people instead of pointing figures at others always blame themselves first this is
a great quality to have it inspires an individual to always keep improving and ultimately rattle the
world with no matter how hard the circumstances most rich people were ridiculed and degraded in
the beginning when a boy who loved basketball was cut off from his team he became so disheartened
that he went home and cried the entire day but he picked himself back up showed perseverance and
resolve and became michael jordan and redefined basketball we would never have seen the great man
play if he would have given up that day and blamed the coach for unfairly cutting him off the team
steve jobs similarly was fired from apple the company that he had co-founded jobs however did
not go on a blaming spree he continued to work hard and developed another company called next
he was later again approached by apple and introduced the world to the revolutionary ipads
ipods and iphones 3. not living your passion the number one reason for demotivation and
depression is not living your passion people most of the time are living someone else's dream one
can never succeed when one does not like what he does when you work for something you're passionate
about your motivation sensors are automatically triggered these sensors allow the person to
work more than a normal human being rich people today are rich because they love what they do
when a person is demotivated from his job there's no way he's going to put in the extra
effort required to excel most people today fail to take risks and are hanging on common career paths
mbas bbas medical etc they're afraid to explore other avenues such as arts sports and literature
because these paths are something that society won't accept all those people who dared to do
something different are extremely rich now the likes of roger federer messi sashin tindelkar
wasim akram have revolutionized sports and the only reason is that they followed their dreams and
passions instead of being part of the rat race 4. not working hard everyone wants to become rich but
no one wants to work hard enough practice makes perfect practicing again and again is imperative
for success malcolm gladwell in his book the outliers mentions the ten thousand hour rule
according to gladwell a person would obtain mastery over anything once he spends ten
thousand hours doing something in other words practicing more would allow one to obtain mastery
this brings us back to our earlier point of living your passion a person won't be
able to work or practice again and again if he doesn't put his heart and soul into it
hence working hard comes with a prerequisite once a goal has been set a person should work hard
with a disciplined approach most rich people when asked the secret to success have a common answer
there's no shortcut to success to become rich one must bring discipline and hard work in their lives
five relying on a single source of income rich people often do not work on a single source of
income diversifying your portfolio is the key to success if you're earning from a job it's
important to save a portion of your income and then invest in lucrative investment opportunities
as we keep on investing our wealth multiplies the extra amount can then be invested somewhere else
and then the cycle will continue eventually we'll have multiple learning streams each taking us a
step further on our goal of becoming rich 6. not reading more another habit that one must
leave behind is not reading reading is a must if you want to get rich in our earlier point we
mentioned that one must have multiple income streams but in order to identify those earnings
streams one must make reading a habit warren buffett mentions that he spends 80 percent of
his day reading his reading material consists of newspapers corporate reports and books
reading allows an individual to be in touch with the investment world if a person makes a habit of
reading corporate reports like buffett identifying an investment opportunity becomes all the easier
moreover it also allows a person to understand and recognize other industry trends
industries other than the one he works in 7. impatience people should focus on giving 100
and then avoid the habit of being impatient seldom do we see people becoming rich overnight
hence one should display patience and also leave some things each and every person is
unique and therefore may reap the benefits at the allotted time therefore the key here
is of not becoming impatient by losing hope with skill and hard work success will come eventually
in conclusion adhering to the above mentioned points can change your life in a dramatic fashion
the key is of course setting goals and then abiding by them through hard work and discipline
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