As we grew up many of our parents told us to stay in school so that we could get a high paying job. They told us that through the school systems education is the path to financial stability. And when you retire they say a good 401k plan or a pension plan or any other type of government funding would give you a great retirement. I’m also sure you’ve all heard do this and that so that big company’s hire you. Well if your like me and want to become and stay rich in life so you never have to worry about finances then this is not the right path for you.
Statistics show that only 10 percent of the American people own 90% of America. So the best thing to do would be to be part of that 10 percent. When you actually reach that point then money will come to you and as they say the rich keep getting richer. So to be part of this group you have to learn to make money work for you. To do this you simply have to be creative and find your own way of attaining wealth. One way is learn much about stocks and start investing, or other ways are to own your own business, or do some real estate investing. But whichever you choose you must create your own formulas and figure out creative ways of making money.
Another thing you must remember is you have to love what you do. You also must have a great reason on why you want to be rich. If you don’t really have a reason you won’t become rich. Simple as that. So start out by thinking of a perfect reason for you to become rich. Once you have the reason find some facts to back it up. Once this is done you have started the process. Next you must think to yourself which way seems easiest and you would enjoy most doing to make money. Is it in real estate, or stocks, starting or even buying a business. Whichever you choose there’s so many types. For example let’s say you chose real estate since you believe that would make you the most money and you would enjoy working in that field. Find out what part of real estate would you most enjoy and do well in. Is it appraising, opening a brokerage, investing in residential properties, commercial properties, etc. the list goes on and on. Once you know exactly what part of the real estate field you would like to get into, sit down on your computer or write it down on a piece of paper and just jot down idea’s. Idea’s of how you could make money in that field. You may use the internet or books for resources. When you have all your idea’s written down do your research on each of them find out which would be best and which you could do right away. Before you jump into anything and start doing it the best strategy on not losing money is education. Educate yourself as much as you can on the field, not by going to college and getting a degree because personally I am against that, but instead by reading books on it, or researching it yourself. You could also participate on forums like mine to network and gain education through other people’s experiences and thoughts. This process not only goes for real estate investing but it also goes for any other type of wealth building you desire.
To finish this off I would like to mention as Donald Trump always says “Think Big”. Don’t ever forget to think big, and also as you think big remember to stay focused. Don’t try one thing partially then give up then try something else. That process will only make you irritated and make you give up in general. Find a good solid idea and stick to it, make sure it’s a big idea and remember to stay focused.