3 Wealth Building Strategies Of The Rich Exposed
Isn’t it interesting that so many people hear about wealth building strategies of the rich, but so few people ever seem to get around to implementing them? In this article we are going to look at 3 wealth building strategies of the rich. Before we get started, if you are not yet rich, you need to understand what is preventing you from being rich and start doing something about it.
Now let us get to the strategies.
1. Invest to win
If you do not know how to multiply your money, your chances of getting rich are rather slim. The good news is that no one is born with this knowledge, and with a little effort, you too can acquire it. There are only two kinds of investors; the successful ones, and those who give up too soon. Rich people invest to win, while most poor and middle class people invest not to lose. There is a big difference between the two strategies.
2. Be decisive
Most people who do not achieve much in life take too much time making simple decisions, and change their decisions very quickly. Once you make a decision, go with it, make it work, and do not look back. You cannot wait to have all the information before you make a business decision because you will never have all the information.
If you don’t completely and honestly believe in what you’re about to do, don’t do it, otherwise you will probably fail. In most cases poor results are brought about by self-doubt.
3. Take immediate action
When you identify a business opportunity, take advantage of it right away. Do not wait for the moon the stars and the sun to be aligned. My mentor used to tell me that if you think of a money-making idea, implement it right away or else someone else will identify the same opportunity and take advantage of it while you are still procrastinating.
The average professional corporate worker will spend years going to school and then they will get an average job with average income. They will spend the next 45 years of their life working up the corporate ladder until eventually they have enough money to retire. In most cases they never earn enough money to retire and they are left to depend upon social security.
The sad part is, for a good fraction of these people, the 45 years are filled with working at jobs they don’t like with bosses they can’t stand. They fail to build wealth even with the knowledge of wealth building strategies of the rich. They eventually feel cheated and then look for someone to blame. Do not let this happen to you.
I am a Clinical Lab Scientist, entrepreneur, investor and trader (stocks and Forex). I enjoy writing and publishing articles online.