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5 Ways How Not To & How To Become Rich

5 Ways How Not To & How To Become Rich

5 Ways How Not To Become Rich

  1. Don’t imagine or believe you can become wealthy. Consider it an impossible goal fit only for dreamers.
  2. Accept that it’s possible, but don’t decide to make it true in your own life. Focus on other things beside becoming wealthy.
  3. Decide that you will improve your financial life, but procrastinate and put off the journey. Today you’re busy or tired or whatever. Maybe you’ll start tomorrow.
  4. Fail to delay gratification and spending. Don’t worry about your budget, don’t save today so that you can invest tomorrow.
  5. Continuously operate with a short-term perspective, living day to day. Don’t try to plan your retirement or take control of your own life.

5 Ways How To Become Rich

  1. Become an entrepreneur – Economic history suggests this is the number one path to newfound riches in America. Some 74% of all self-made millionaires in the U.S., for the past 200 years have owned their own businesses.
  2. Work your way up – With the advent of stock options, it is also possible to work your way to wealth. About one in 10 of the millionaires in the U.S. worked for large corporations for many years. They worked hard, were promoted, earned stock options, participated in profit sharing plans, and held onto that money to become millionaires. The Seattle area, for example, is famous for its Microsoft millionaires who went to work in the 1970s and 1980s as secretaries and programmers. They became millionaires through stock options.
  3. Become a professional – Education pays. Ten percent of U.S. millionaires are professionals with advanced degrees, such as dentists, doctors, lawyers, architects and engineers, whose services are in demand and who charge well for what they do.
  4. Enter the sales profession – Some 5% of U.S. millionaires, one in 20, got that way by being top salespeople and sales consultants. Great salespeople may never have started a business, but they know how to sell a product or service and they get paid handsomely for doing it. Here the 80/20 rule proves true: the top 20% of salespeople earn 80% of the money.
  5. Invest well – Some millionaires invested well in the stock market, created an invention or authored some creative product or service.

Source(s)

Getting Rich Your Own Way. Achieve All Your Financial Goals Faster Than You Ever Thought Possible. Book Cover Getting Rich Your Own Way. Achieve All Your Financial Goals Faster Than You Ever Thought Possible.
Brian Tracy
Wiley
2004
304
Chairman and CEO of Brian Tracy International, is a trainer, consultant, motivator, and author of the best-selling Create Your Own Future, among many other books. He addresses up to 450,000 people a year.

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Brian Tracy is Chairman and CEO of Brian Tracy International, a company specializing in the training and development of individuals and organizations.

Brian's goal is to help you achieve your personal and business goals faster and easier than you ever imagined.

Brian Tracy has consulted for more than 1,000 companies and addressed more than 5,000,000 people in 5,000 talks and seminars throughout the US, Canada and 55 other countries worldwide. As a Keynote speaker and seminar leader, he addresses more than 250,000 people each year.

He has studied, researched, written and spoken for 30 years in the fields of economics, history, business, philosophy and psychology. He is the top selling author of over 45 books that have been translated into dozens of languages.

He has written and produced more than 300 audio and video learning programs, including the worldwide, best-selling Psychology of Achievement, which has been translated into more than 20 languages.

He speaks to corporate and public audiences on the subjects of Personal and Professional Development, including the executives and staff of many of America's largest corporations. His exciting talks and seminars on Leadership, Selling, Self-Esteem, Goals, Strategy, Creativity and Success Psychology bring about immediate changes and long-term results.

Prior to founding his company, Brian Tracy International, Brian was the Chief Operating Officer of a $265 million dollar development company. He has had successful careers in sales and marketing, investments, real estate development and syndication, importation, distribution and management consulting. He has conducted high level consulting assignments with several billion-dollar plus corporations in strategic planning and organizational development.

He has traveled and worked in over 80 countries on six continents, and speaks four languages. Brian is happily married and has four children. He is active in community and national affairs, and is the President of three companies headquartered in Solana Beach, California.

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