Many people keep asking me how to get rich young….
I guess it’s just the media and the Information Age that makes us feel we should be able to get rich quick or have heaps of money.
There are some people who have done really well for themselves and had financial success early in their lives. I think this means that there are heaps of people who think that they should become instantly rich….the truth is though that the minority become wealthy young.
So here is a video about how people get successful…(yes it is long but it’s worth it!)
David Bach – How to get rich Young
So basically his idea is not about getting rich young at all but more about being patient.
So this conflicts with you if you are here thinking that you should be able to have more in life than what you have. Why not right?
It is possible to get rich young though…
I mean look at all these young Entrepreneurs popping their heads up everywhere. They seem like fearless people that will never let anything stand in between them and success!
These people have really re-shaped our society and are people who are going to be successful in their lives no.matter what they do! So why can’t you do it too?
Well the truth is that it is very possible and it doesn’t matter what type of person you are.
False thoughts on what you need to get rich!
Personality WRONG. If you take a look at people like Steve Jobs and Bill gates, they are some of the most impatient people to ever live! This could be a big downfall but it can actually be a major blessing. It can mean that they are direct inside their companies and simply get stuff done a lot more quickly than other leaders who ‘beat around the bush’
So it doesn’t really matter what personality type you are at all. Just be confident in your own ability and get out there and start learning from the best.
Intelligence WRONG. It is the age old idea that you have to be highly clever or intelligent to become a millionaire. The truth is far from that though. It is often more people who can get a group of guys united in one direction who build big companies and also make a lot of money.
It is more about getting a lot of intelligent people working for you and getting them to build a great product o service. If you get what I do, you don’t even need to create a product or service now to make money.
Luck WRONG. Sure there are things that happen that are actually luck. I don’t believe in luck though, there is such a thing as manufactured luck. You can’t get rich and stay rich just by being lucky. So there really is a hangup about luck. You don’t need it but if youput in the hard work, you might get lucky. It doesn’t matter if you don’t though, the hard work is done!
3 Ideas to Get Rich Young!
Now that you know it is possible to get rich young, let’s look at some actual possibilities on making a whole lot of money in your teens or twenties!
#1 Get busy learning.
Business and investing is all about learning more than being clever. So start learning off people who have proven records of being good at investing or who have built a lot of wealth in their lives. You will learn so much just by listening or being around these people.
#2 Pick a strategy and stick with it.
Maybe you discover that you have a large interest in the share market. You should learn the different strategies, figure out which one you like and stick with it. You can also being in experts who know more than you to help you. Put your ego in your pocket and just be humble. Wouldn’t you just rather be filthy rich than a bragget!
#3 Keep flexible.
There is so much change going on in the world that you have to be prepared to change with it. I grew up in an environment where there was a fear of change. This really isn’t the way to live life and it will make it difficult to make money!
So there are some financial tips on how to get rich young!
Stick with me on my journey to great heights!