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7 Proven Ways to Getting Rich Fast From Nothing
Introduction
How Can I Become Rich? The thoughts come to everyone's mind. Some people think about how to get rich fast, and if we talk about today's time everyone wants to get rich quick. They have no patience, courage, confidence, financial knowledge and skills. These are actually needed to become rich. But I'm sure most people don't have sufficient knowledge and information about the science of getting rich, and how to actually become rich.
But don't worry about it, you are in the right place. Today I will share with you some Proven Methods to Getting Rich fast and some principles that actually will help you to get rich from nothing and help to make you a wealthy person. There's no matter if you're born poor, have a middle class family background, have no high level of skills, if you're a school or college student, or a housewife. These principles can apply to everyone who wants to get rich quickly.
Today's time mostly people looking to get rich quick schemes, but actually it's all the scams on the internet. Who tells the get rich quick schemes. And that's why people trapped in these get rich quick schemes and lose their hard money. And People don't Know the actual Ways to Become rich and wealthiest, it's not possible to achieve overnight. It is a step by step process and science works behind the scenes. These principles are followed by every highly successful person and also followed the same strategy by every highly rich person.
So let's start the journey about becoming rich from nothing and wealthy with Proven Methods, strategy and principles you need to apply in your life that help you to get rich even if you are doing a normal job, still to get rich quickly. That works for everyone.
In this article, today you will learn about the science of getting rich, and how can you also become rich by looking at these 7 key steps:
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1. Develop a rich mindset
2. Start your side business
3. Invest in your financial education
4. Create and stick to a financial plan
5. Avoid debt and start an emergency fund
6. Invest consistently in a diversified portfolio
7. Increase your income resources
Why don't people become rich and wealthy?
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Many studies found the same skills and same thinking patterns in every rich person have. Those people are richer and more wealthier. But poorer people don't have those skills and their thinking process and mindset are different from a rich person.
Actually you know the difference between a rich person and a poor person, that's the mindset. It decides whether you will become rich in the future or not. If we talk about reality, mostly people don't have the rich mindset, those people have poor mindset. That's the reason more than 90% of people never become rich in their entire life.
A poor person follows the same traditional path to be rich, but a rich mindset person thinks differently from a poor person. Rich mindset people focus on acquiring New skills and gaining valuable knowledge according to time. And they act more compared to poor people. That helps to be rich and wealthiest.
1) Develop a rich mindset
First step teaches you to observe the thinking process of a rich mindset of people. How do successful people think and understand the rich mindset of people? And how you can also develop a rich mindset and their skills that will help you to become more rich and wealthy.
I don't know, you observed or not. But A rich mindset person becomes more rich and a poor mindset person becomes more poor. What's the difference between a rich person and a poor person? The main difference is their mindset and thinking process. That decides whether or not you will become rich in the future. Now the question is, How to become rich fast? And How can we also develop a rich mindset that helps us to become rich?
How to develop a rich mindset?
Here are some recommended Books that will help you to become rich and wealthier. You must read all these books or you can also watch the video Summary of these books that are available on YouTube absolutely free for you.
- Think and Grow Rich: The Landmark Bestseller Now Revised and Updated for the 21st Century (Think and Grow Rich Series)
Why should you read it?
Think and Grow Rich has been called the "Granddaddy of All Motivational Literature." It was the first book to boldly ask, "What makes a winner?" The man who asked and listened for the answer, Napoleon Hill, is now counted in the top ranks of the world's winners himself.
The most famous of all teachers of success spent "a fortune and the better part of a lifetime of effort" to produce the "Law of Success" philosophy that forms the basis of his books and that is so powerfully summarized in this one.
In the original Think and Grow Rich, published in 1937, Hill draws on stories of Andrew Carnegie, Thomas Edison, Henry Ford, and other millionaires of his generation to illustrate his principles.
In the updated version, Arthur R. Pell, Ph.D., a nationally known author, lecturer, and consultant in human resources management and an expert in applying Hill's thought, deftly interweaves anecdotes of how contemporary millionaires and billionaires, such as Bill Gates, Mary Kay Ash, Dave Thomas, and Sir John Templeton, achieved their wealth.
Outmoded or arcane terminology and examples are faithfully refreshed to preclude any stumbling blocks to a new generation of readers.
- Rich Dad Poor Dad : What The Rich Teach Their Kids About Money That The Poor And Middle Class Do Not!: (25th Anniversary Edition)
Why should you read it?
Robert Kiyosaki, author of Rich Dad Poor Dad - the international runaway bestseller that has held a top spot on the New York Times bestsellers list for over six years - is an investor, entrepreneur and educator whose perspectives on money and investing fly in the face of conventional wisdom.
He has, virtually single-handedly, challenged and changed the way tens of millions, around the world, think about money.In communicating his point of view on why 'old' advice - get a good job, save money, get out of debt, invest for the long term, and diversify - is 'bad' (both obsolete and flawed) advice, Robert has earned a reputation for straight talk, irreverence and courage.
Rich Dad Poor Dad ranks as the longest-running bestseller on all four of the lists that report to Publisher's Weekly - The New York Times, Business Week, The Wall Street Journal and USA Today - and was named "USA Today's #1 Money Book" two years in a row. It is the third longest-running 'how-to' best seller of all time.
Translated into 51 languages and available in 109 countries, the Rich Dad series has sold over 27 million copies worldwide and has dominated best sellers lists across Asia, Australia, South America, Mexico and Europe. In 2005, Robert was inducted into Amazon.com Hall of Fame as one of that bookseller's Top 25 Authors. There are currently 26 books in the Rich Dad series.
In 2006 Robert teamed up with Donald Trump to co-author Why We Want You To Be Rich - Two Men - One Message. It debuted at #1 on The New York Times bestsellers list.Robert writes a bi-weekly column - 'Why the Rich Are Getting Richer' - for Yahoo! Finance and a monthly column titled 'Rich Returns' for Entrepreneur magazine.Prior to writing Rich Dad Poor Dad, Robert created the educational board game CASHFLOW 101 to teach individuals the financial and investment strategies that his rich dad spent years teaching him.
It was those same strategies that allowed Robert to retire at age 47.Today there are more that 2,100 CASHFLOW Clubs - game groups independent of the Rich Dad Company - in cities throughout the world.Born and raised in Hawaii, Robert Kiyosaki is a fourth-generation Japanese-American. After graduating from college in New York, Robert joined the Marine Corps and served in Vietnam as an officer and helicopter gunship pilot.
Following the war, Robert went to work in sales for Xerox Corporation and, in 1977, started a company that brought the first nylon and Velcro 'surfer wallets' to market. He founded an international education company in 1985 that taught business and investing to tens of thousands of students throughout the world. In 1994 Robert sold his business and, through his investments, was able to retire at the age of 47. During his short-lived retirement he wrote Rich Dad Poor Dad.
2) Start your side business
Starting your side business is also the best way to get rich quickly. A rich mindset creates multiple sources of income instead of depending on a single source of income. A rich mindset person knows exactly why we should have multiple sources of income. And how it helps us to be rich and wealthy.
I know job dependent people are more but still how can we start our side business with a job? These businesses can start anyone from home with a little investment. These are all business ideas, how you can start step by step process, with videos and tutorials available on YouTube platform, and all these videos content are free for us.
Side Businesses ideas with less investment:
- Start a blog website
- Start a YouTube channel
- Content writing and copywriting
- Digital marketing and SEO
- Social media management
- Graphic designing
- Web development
- Video editing
- Data entry
- Voice over artist
- Create a podcast
3) Invest in your financial education
A poor mindset, people don't invest their time and money to gain financial education and knowledge. That actually needed to be rich and wealthy. But rich people know the importance of financial education, that's why those people invest most of their time and money to gain financial knowledge and education. That helps us to get rich from nothing and become wealthy.
Financial education is more important for us, it doesn't matter if you belong to a middle class family background, it helps us to be rich fast and live a happy life with freedom of time. And you know that is more important in everyone's life.
The facts about the USA, their financial literacy percentage is high, as compared to India. And you know the world's top 10 companies US Based and leading the entire world.
For example: Google, Apple, Microsoft, Facebook, Twitter, Amazon etc.
Financial Literacy Score
The average score of financial literacy is 5.24, which is less than 6 (Table 6). In this study the score of 6 assumed as the benchmark thus the score of 6 or above is considered as good and the score of 4 or below is considered as poor.
On analyzing financial behavior of individuals it was found most of them exhibited moderately positive financial behavior. It is also observed that financial literacy can enhance people's skills and abilities to make more informed choices and ultimately lead to a positive financial behavior.
How to gain financial knowledge and education?
Here are some 13 recommended Books for financial education:
That really helps to become more rich and wealthy, watch videos on financial education topics, and have a mentorship, and also start reading blogs, articles on financial education. Even if you have this question- How to become a millionaire with no money? Still you should read these books.
1. Rich Dad Poor Dad
2. Your Money Or Your Life
Joseph R. Dominguez, 1992
3. I Will Teach You to Be Rich
Ramit Sethi, 2009
4. The Total Money Makeover
Dave Ramsey, 2003
5. The Intelligent Investor
Benjamin Graham, 1949
8. The Richest Man in Babylon
George Samuel Clason, 1926
9. Think and Grow Rich
Napoleon Hill, 1937
12. Rich Dad's Increase Your Financial IQ: Get Smarter with Your Money
Robert Kiyosaki, 2008
4) Create and stick to a financial plan
Babylon was once considered the most prosperous city in the world, known for its many houses, palaces, wide and long ramparts. This place used to be a desert area. But with efforts and determination, the people here have turned the barren countryside into a fertile arable land.
The success of Babylon inspired the author to write a series of fables to demonstrate the immutable laws of finance and how to get rich. These rules are widely known among banks, insurance companies and even business owners. They take this as a lesson for employees about the benefits of thrift and hard work. The tips in the book not only help you appreciate the value of money, but also guide you to practice healthy financial principles when making, preserving, and earning more money.
7 Rules Of Money
Make a financial plan that aligns with your current financial situation and goals
“The better way to measure your investing success is not by whether you’re beating the market,” cautioned Benjamin Graham, the mentor of Warren Buffett, “but by whether you’ve put in place a financial plan and a behavioral discipline that are likely to get you where you want to go.”
Best financial plan involves three core components:
Financial situation: what is your current financial situation?
Financial goals: Where you want to be in future. Those can be short-to-medium-term goals like buying a new car, making the down payment on a mortgage, or long-term goals like financial independence, retirement, daughter marriage, college education for your kids, and saving to start a business, etc.
Financial strategies: How you want to achieve where you want to be, compared to where you are now. It means, to make plans and goals to achieve them.
Plan for Budgeting: According to financial experts, as you know, the number of job persons is more than entrepreneurs. The same situation in every country. Best way to start your monthly budget.
- Start at least 10 to 20% investing of your monthly salary, for long term goals every month. That will give you high returns.
- 50% percent of the salary amount is used for basic needs.
- 30% used for want and wishes.
- Avoiding your unnecessary things to buy, until you really need it.
5) Avoid debt and start an emergency fund
Especially the common mistakes by every middle person. Having credit cards, Taking unnecessary loans to buy a new car, home or apartments, expensive gadgets, expensive accessories, buying costly branded clothes etc. It's just for show-off. That's the main reason a middle class person never becomes rich, but a rich person avoids these unnecessary things to buy until they really need that. Now the question is how to create an emergency fund? to become rich fast and wealthy.
Financial advisors and expert's have long advised that you have three to six months’ worth of your living expenses (which can be your monthly needs or your needs and wants) in such a fund.
With an emergency fund, you can deal with your emergencies from money you have saved rather than taking on debt and paying exorbitant interest.
Avoiding unnecessary expenses:
- Don't take credit cards or bank loans and other debts until you really need them.
- Stop buying unnecessary clothes, expensive gadgets and accessories.
- Stop buying for show-off until you really need them.
- Making budget plans every month, and doing them accordingly.
What if you are already in debt?
Then you have to work hard to repay it.
First, ensure that you pay the monthly minimum required payment for every consumer debt you have (excluding mortgage). Any amount of savings you have left should be towards building an emergency fund, so you don’t have to take on another debt while repaying existing ones.
After building three months’ worth of money for your emergency fund, then you can start committing all your savings to clearing off your debt. Once you are done repaying them, you can decide to add more money to your emergency fund. With debts repaid and an emergency fund set up, you can now focus on some more ways to become rich fast. The better time-tested way is investing.
6) Invest consistently in a diversified portfolio
Best way to become rich fast, and if you have this question about- How to become a millionaire with no money? Starting Investing consistently in a diversified portfolio is the most powerful way to get rich. And Let me explain to you how to invest and where to invest that helps you to get rich fast and wealthy in a better way.
Investments with high returns in India
- Index fund
The average return on an index fund?
The index has returned a historic annualized average return of around 11.88% since its 1957 inception through the end of 2021. And the highest returns in index funds are 25% according to my research based on the internet. While that average number may sound attractive, timing is everything: Get in at a high or out at a relative low, and you will not enjoy such returns.
- Fixed deposits
Fixed Deposit Interest Rates of Top 10 Banks in India for below Rs.2 crore
Given below are the latest interest rates offered by top banks for tenures ranging from 7 days to 10 years as of November 2022.
- Investing in mutual funds
Which mutual fund will give the highest return?
- Public Provident Fund
7.1% per annum. Rs 1.5 lakh per annum. Public Provident Fund (PPF) scheme is a long-term investment option that offers an attractive rate of interest and returns on the amount invested. The interest earned and the returns are not taxable under Income Tax.
Interest Rate: 7.1% per annum
Maximum Investment Amount: Rs 1.5 lakh per annum
Tax Benefit: Up to Rs.1.5 lakh under Section 80C
Risk Profile: Offers guaranteed, risk-free returns
- Investing in bonds
What is the average return on high yield bonds?
Historical Performance Data of High-Yield Bonds
To read more this article click here
- Investing in gold and silver
What is the average return on gold?
The annual average return of gold in 2020 was 24.6%, which was the second-highest return among a range of assets that year, followed by silver was the second-highest return among a range of assets that year, followed by silver which had the highest. According to my research based on the internet.
Which is more profitable, silver or gold?
According to research, while silver price fluctuations generate good profit opportunities, these make silver quite a risky asset. Compared to silver, the gold price stays stable for the most part. Liquidity measures the ease of trading an asset without impacting the market extensively.
- Investing in start-up business
It is another best way to invest in a start-up Business, start your own start-up. That actually needs the customers or Market needs accordingly. It is better than jobs. If you run and succeed in your Business, then after 5 years you will get high returns on a monthly basis. Better than boring job's.
Job dependent people don't have more choices, freedom in life. But you are an entrepreneur, you always have more choices, so that you can live a happy life and be wealthy. And Also you can help other people.
How many startups start every year in India?
According to research based on the internet. There's little doubt that India is now in the age of tech as the third largest startup ecosystem in the world, as per our report, and is home to over 57K startups.
What is the startup success rate in India?
About 90% of startups fail. 10% of startups fail within the first year. Across all industries, startup failure rates seem to be close to the same. According to research based on the internet.
Which investment gives the highest return in the USA?
8 ways to get High return investments in USA
- High-yield savings accounts
- Short-term certificates of deposit
- Short-term government bond funds
- Series I bonds
- Short-term corporate bond funds
- S&P 500 index funds
- Dividend stock funds
- Value stock funds
To read more this article click here
7) Increase your income resources
Increasing your income resources, I read lots of books about getting rich, wealthiest, and financial education topics, even though I found the same common and important points in all Books, which was that the author says to focus on multiplying your income resources.
Just because, a millionaire, and a rich person know the science of getting rich and wealthiest. A millionaire, richer and wealthy person always focuses on multiplying their income resources, and they do the least expenses as required. that helps you to become rich.
But if we talk about a poor person, those people never focus on increasing their income resources, and they do more expenses. Without financial planning.
The folk saying, “the rich get richer, the poor get poorer”, implies that wealth flows from poorer to richer hands, a concentrating diffusion. Its academic statement is the Surplus Theory of Social Stratification.
8) Which type of skills do you need to acquire to become rich fast?
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Getting rich from nothing:
THERE is a Science of getting rich, and it is an exact science, like algebra or arithmetic. There are certain laws which govern the process of acquiring riches; once these laws are learned and obeyed by any man, he will get rich with mathematical certainty.
The ownership of money and property comes as a result of doing things in a certain way; those who do things in this Certain ways, whether on purpose or accidentally, get rich; while those who do not do things in this Certain Way, no matter how hard they work or how able they are, remain poor.
It is a natural law that like causes always produce like effects; and, therefore, any man or woman who learns to do things in this certain way will infallibly get rich.
That the above statement is true is shown by the following facts: Getting rich is not a matter of environment, for, if it were, all the people in certain neighborhoods would become wealthy; the people of one city would all be rich, while those of other towns would all be poor; or the inhabitants of one state would roll in wealth, while those of an adjoining state would be in poverty.
But everywhere we see rich and poor living side by side, in the same environment, and often engaged in the same vocations. When two men are in the same locality, and in the same business, and one gets rich while the other remains poor, it shows that getting rich is not, primarily, a matter of environment.
Some environments may be more favorable than others, but when two men in the same business are in the same neighborhood, and one gets rich while the other fails, it indicates that getting rich is the result of doing things in a Certain Way.
Today i will share with you the 6 most important lessons of getting rich fast. These are all important lessons that will really help you to get rich and wealthy.
If you have this question, how do you get rich? or how to get rich quickly? If you have no money still you can become rich. The science of getting rich book download free PDF
1. Thinking in a certain way
The Science of Getting Rich is a book written by the New Thought Movement writer Wallace D. Wattles and published in 1910 by the Elizabeth Towne Company. Wallace D. Wattles the most famous author of this book, he explained properly in his book "the science of getting rich"
How does it work? This is not luck, if someone is a highly rich person. The reason that's science. You know the facts about our history, today we have all the things, like- airplane, car, bus, mobile, computer etc. All the things created by the imagination and belief of someone. Then that happened in reality. Otherwise that couldn't be possible in reality.
Example: Suppose if someone becomes highly rich in 5 years, and another person has the same skills set and knowledge, but even he doesn't know about the science of getting rich. Then he never becomes rich in their entire life.
The first rule to getting rich, there's no matter if you are born poor, or in a middle family, even if you have no money, still you can become rich, in reality. that is Thinking in a certain way, firstly you need to think about I also can become a rich, you need to develop your rich mindset, and believe you can become rich, poverty it's not the problem, a person mindset is everything, that decides who will be succeed in life and become rich or not.
2. Acting in a certain way
Today we learnt about the first rule to getting rich, and wealthiest. And now you will learn about the second rule to becoming rich and successful. That is acting in a certain way, it means anything without taking actions couldn't be possible.
Example: Today's time most people do the jobs in different private sectors, or government departments. but in most cases they don't love their jobs. Those people are not satisfied with their jobs. But they are doing those jobs and only completing their formal duty hours. And always complains our company boss is not good, he is not increasing our salary.
But if we talk about a rich mindset person, whatever they are doing with full focus and concentration, And they're working in different sectors. they use their full potential in their work, in a job, or their own work. no matter what they love to do. As you develop your habit, you act accordingly. Now the choice is yours.
3. Be creative, not competitive
The third rule of success and getting rich, Author says in his book, Be creative, not competitive. From childhood, our parents and our society teach you to compete with others so you can be successful and be rich in life otherwise we can't be rich and successful. But it's not true actually.
To be successful in life, you need to think creatively from others, and you need to develop your creative mindset. Then it will be possible you will become highly rich and successful.
Example: Today's time most people make the same common mistakes, suppose a person started his restaurant, and his restaurant became the most successful, and now other people will also start a restaurant, but eventually they don't know, they are creating a competition. That's not the right way to achieve success and getting rich. It's not compulsory, if you don't beat someone, then you can become rich and successful in life.
Always be creative, you have sufficient resources and money. think creatively and not competitively. Today we have more examples of the most successful businesses, like- Zomato, Swiggy, KFC chicken etc. They think creatively and provide tasty foods and recipes door to door home delivery services. In today's time their company is the most successful. And they became rich.
4. Always be grateful
The fourth rule of getting rich and successful: There is a big difference between a poor, and a rich person. Whether a rich person always feels grateful, thankfulness of God, and they have a peaceful mindset. But a poor person always complains about everything he has.
Example: Why was he born in a poor family or a middle class family? But they don't know the law of attraction, if you feel most of the time negatively and negative thoughts always weaken you from your inner side, and the positive thoughts and your positive thinking always help you to grow in life and be rich and wealthy.
5. Learn to use your skill and talent
The fifth rule of getting rich, and successful. learn to use your skills and talents. You know why, Sachin Tendulkar was a great batsman of the Indian cricket team. Why did he become most successful? Indian cricket player of the history.
The fact about life: But if we talk about today's time, most people don't know their full potential, skills and their talents. And that's why those people never become rich and successful in life. No-one has a monopoly in Skills and talents, it can be developed by you. If you actually want. History proved that it happens possible.
Even other people have the same skills and talents. Maybe they have more skills and talents compared to Sachin Tendulkar, But those people don't become rich and wealthy in their life. Sachin Tendulkar has the shortest height. Even he became the most successful in life. You know the reason why? Let me explain to you why, because Sachin Tendulkar found their skills and talent when he was staying in school. He did more practice in cricket.
6. The growth seeking mentality
The last and sixth rule of getting rich, and wealthiest. Growth is our necessity, to be grown and successful in life, that's a must for everyone. Growth mindset is the key to success, the growth seeking mentality helps you to grow in life.
But today's time most people make common mistakes, instead of feeling happy and grateful for other people's success. They don't feel happy and create a competitive mentality in their mind.
When you think about what you have, in that moment then you feel happy and grateful, and when you think about what you don't have, in that moment then you feel not happy. It totally depends on your thinking ability. That needs to change. If you collaborate with others or If you grow as an individual, we are all growing, eventually it means growing our country.
9) Learn these skills are required to becoming rich
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6 Rules of Money that will Make you a highly Rich:
Becoming rich with no money
1. Focus on wealth creation
Robert Toru Kiyosaki is a famous American businessman and author. He says in his most famous book, Rich dad poor dad, by Robert Kiyosaki. This is one of my favorite books.
It's not a random number 3276948, it's an estimated number of years, as an American average salary is $51000 dollars, around Rs.42,00,000 rupees. Suppose if today Elon Musk wants to leave work, then he survives at least 32,00,000+ year's, you know how? Because he created more wealth for their survival.
And this is the secret of success, it means no matter how much you earn, but suppose, if you stop working today, then how many years you can serve without any financial problems, at least you know the rough estimate, that will help you to get rich and wealthy. That is the secret of success, "money is measured in time, a lot of times" That is called real wealth.
Usually most of the time people don't become rich, just because they never ask themselves, how much we need to survive for retirement. Or for a longer period of time to survive without any financial problems. And we survive easily without doing any jobs. And live your life happily.
But usually people don't focus on creating wealth, and this is one of the big mistakes by more than 90% of people. They never become rich and wealthy.
In 1876, then alexander Graham Bell, he wants to sell his patent of telephone, just because that time, telephones demands was very high, but the supply was low, Graham Bell wants to pay off the patent, and meet with William ortan, to sell his patent just $100,000 dollars, then William Ortan said are you mad?
Then William Ortan was the president of western union company, and he refused this deal, and that was actually one of the big mistakes of his life. Then after Alexander Graham Bell started own big company AT&T, that company became highly successful actually.
You know why, William Ortan did the big mistake of his life, mainly 2 reasons were the same as most people have, first one is doubt and second one is fear.
"Often in real world, it's not the smart who go ahead, but the bold"
Author says, always be a courageous person and take calculated risks in life, that helps you to become rich fast. If you really want to become rich, successful and wealthy, then you need to focus on wealth creation. Wealth is everything.
Focus on creating more wealth as much as you can. Wealth is the abundance of valuable financial assets or physical possessions which can be converted into a form that can be used for transactions.
It just for example- In conclusion, here are five types of wealth:
1. Financial (money)
Wealth in terms of money, that will help you to be financially free, without doing any jobs and at least you can easily survive for a long period of time, even at the age of your retirement.
2. Social (relationships)
Making social relationships with others including your parents, friends, family members, husband wife, and society. Good relationships make you stronger and it helps to live a wealthy life. And It should be more important in our life.
3. Physical (health)
Physical health is also part of wealth creation. If you stay physically healthy, then you can live your life happily. You must focus on this.
4. Mental (health, spirituality)
Mental health, and spirituality is another part of wealth creation. Acquiring positive thoughts, meditation, exercise that will help to make you mentally healthy.
5. Time (freedom)
Time freedom is also a part of wealth creation. Where you need to focus on. But usually people don't understand the importance of time freedom. Then you can live your life according to your choices and desires.
2. Financial literacy
Financial literacy and why it's most important to understand all the people. It is the possession of the set of skills and knowledge that allows an individual to make informed and effective decisions with all of their financial resources.
Example: such people become rich but they are unable to sustain richness and later on, they get back the same situation they started. Just because they lack financial literacy.
Focus on 3 things which are simple but most required:
1. Income statement
Whatever your regular monthly income and measure your monthly expenses.
Example: Rent, electricity bill, gas cylinder bill, water bill etc.
2. Balance sheet
Basically meaning of balance sheet, understanding about the difference between assets and liabilities. According to Robert Kiyosaki's definition of assets and liabilities. Balance sheets basically know the difference between assets and liabilities.
Which type of products that may be physical, or online, gadgets, and accessories that get the return in terms of money, it is called assets.
Which type of products that may be physical, or online, gadgets, and accessories that don't get the return, in fact you pay for them in terms of money, it is called liabilities.
3. Cash flow
A middle class person has more expenses than income. And they don't have assets, and they have all the money to spend on necessities. Like- monthly rental, clothes, gas cylinder bills etc.
A poor person, even if they have no assets, and he is only surviving their life.
A rich person has multiple assets, they invest, proper monthly planning for expenses and their income is more than expenses.
3. Pay yourself first
According to Robert Kiyosaki, today's time most people make the same mistakes, again and again. When they get the salary, they first spend on monthly expenses in order to pay different bills, like- monthly rental, Water bill, electricity bill etc. And at the end balance is zero. And then wait for the next salary.
It's not the right way to become rich. To invest at least 30% of your income, you need to invest for a long term vision, in stocks, bonds, mutual funds, and other government schemes to secure your future, or invest in financial education. Then 50% for basic meds, 20% for want and wishes.
4. Learn Selling skills
One of the most important skills that all successful and rich people have. It is selling skills, they understand what they actually want and need. And how to Fulfill them. And people in return get the money.
Example: Steve Jobs good at selling skills, Bill gates, Mark Zuckerberg, Ratan Tata, Warren Buffett etc.
What are selling skills?
It is the most important skill you must have to learn, if you really want to be rich and wealthiest. The sales skills that empower professionals to win opportunities include; planning and strategizing, understanding needs, driving consensus, positioning value, storytelling, resolving objections, presenting effectively, selling with teams, and negotiating to close.
5. Focus on Assets
Focus on creating more assets that help to make you highly rich and wealthy. Create assets and also increase your income. Both are part of creating wealth. And the sign of you will be rich in future.
Examples of Assets: real estate property or real estate business, rental property, rental income, own business, and long term investments etc.
What are the 6 types of assets?
6 types of assets:
- Current
- Non-current
- Tangible
- Intangible
- Operating
- Non-operating
6. Mind your own business
Mind your own business, it is the fastest way to get rich quickly. Start your own business, but remember one thing, before starting a business, first of all figure out the burning problems of the customers, what the markets actually need and how you can solve and fulfill them.
"Work to learn not just for money"
If the answer is yes, you can solve them easily, then you can start your business, then high probability your business will be successful. Otherwise chances of getting failure are 100%.
10) How can I get rich with no money?
Today you will learn about the Japanese method and proven formula to get rich with no money and be successful. Are you excited about it?
Do you want to know how you can get rich with no money?
It doesn't matter, you are born poor or have a middle class family background. Every person can become successful and rich. So please read this blog completely and understand the concept of getting rich and apply them.
If I tell you Japan has a formula to live their lives for 100 years, productive, healthy and without stressful life, then can you believe it. Even at the age of 80 to 90 be active. Then you don't believe this.
There is a place in Okinawa in Japan where people live their lives for more years with happy and productive lives. and as compared to the rest of the world. Some people called that place the name of the land of immortals. Which means people never die in that place.
Today we are going to explore that formula used to get rich by the Japanese and you can also apply them and become super rich and successful in life.
The Ikigai formula is called by japanese. Where is the meaning of iki- it stands for life. And gai stands for value. It means Ikigai, the value of life according to japanese.
In short they believe we are here to achieve a special motive. And the motive is out of Ikigai.
Without following the Ikigai formula, we never live a happy, healthy and stressful life. And your life expectancy will be very low.
And using the formula, you will know what your Ikigai is. Until we find these 4 components, we can't achieve success and become rich.
First part of Ikigai, what do you love?
There may be many things when we start thinking we feel good and then we forget our important work at that time. That called "folow state" in many book's. And even says the same by Dr APJ Abdul Kalam.
Unfortunately That maybe, reading, writing, acting, dancing, traveling etc. First part is easy to find, because suppose if you are doing something, and also you feel good from your heart, that type of work can become your Ikigai. Just because that is your passion.
To achieve your Ikigai, you need to understand and figure out the second part. It means, what does the world need?
Suppose I love reading self-help books, and this is my passion, also I add value to others' lives and teach them life lessons that they actually need to help to get rich and successful.
Now it comes: the third part of Ikigai, What you can be paid for? which means people get ready to pay you for them. And your earning should be as good as much you want from your passion. That is your real Ikigai. And in this part some people will say, I don't need money to be happy. But this method is 100 plus years old and a proven formula to achieve success and get rich fast.
Otherwise you'll not feel happiness from your passion without getting money, you think of more time to get money, for rent, money for basic needs, and how to be financially stable. If you want to live your life truly happy and without stressful life then it is needed.
Last and final part of Ikigai, what are you good at? Suppose you love playing cricket, but you are not earning from that, and also you are not good at that skill. It means it is your hobby, not a passion. But in that case you love reading books and best in that knowledge and skills, which others need in life to grow and to get rich. That means, you are fulfilling 4 components of Ikigai, it means you are going in a right path. which are:
What are the 4 components of ikigai?
The 4 important ikigai's elements: what you love (your passion), what the world needs (your mission), what you are good at (your vocation), and what you can get paid for (your profession).
What is the story of ikigai?
The secret to a long life actually comes from finding joy and purposeful life. Most of us think of these ideals as mere dreams that only a select few achieve. The people of Japan, however, have practiced ikigai, their “reason to live,” for centuries. It helps them live longer, happier and live more joyful lives.
How do you identify ikigai?
The concept of Ikigai encompasses wellbeing, life satisfaction, and what is your real Ikigai, the joy from doing something and a sense of purpose. It's about feeling that your life is valuable and that you have an impact. Ikigai can be found in the smallest daily rituals and the biggest parts of your life like your job and the roles you have.
Why is the Ikigai book so famous?
Ikigai: The Japanese Secret to living a happier and longer life. Life is a powerful and well-researched account of the inspiring lives of Japanese supercentenarians (people living beyond the age of 110) from the longest-living community in the world: Okinawa.
What are the rules of ikigai?
The ten rules of Ikigai by Hector Garcia and Francesc Miralles that include: "Stay active. Don't retire; Take it slow; Get in shape; Live in the moment; Reconnect with nature; Smile; Surround yourself with good friends; Give thanks; and Follow your Ikigai".
Is ikigai good for beginners?
Reading about so many different things tied to the core concept of Ikigai without going into depth can only lead to basic awareness. So, the book is good for beginners who are exposed to these topics for the first time. And to understand the concept of living a happier life with a sense of purpose. Because in real life, nobody can teach you these life lessons that we actually need to learn to achieve success and to get rich.
Conclusion
Over-all conclusion of the blog post, today you learned about the science of getting rich, and how it works? and how a middle class person or a poor person, there's no matter if they have financial knowledge or not. But still they can get rich, if they apply these all principles, whatever in this blog post and other details about becoming rich. mostly people asking the very common question: how can I become rich?
In this blog post, today I have explained properly about getting rich fast. Even you have these questions about becoming rich. How to get rich from nothing? How to become rich with no money? How to become wealthy? And more details are covered in this blog, and also suggesting some financial education books, and other books that can help us to become a millionaire. so that you can also become rich, wealthy and most successful in your life.
Hope! After reading this blog post, and understanding the rules and principles, how does it work? Then after you will have no doubts about how to get rich? And how you can also get rich fast. Hope! If you like this post, please comment, subscribe, and share with someone who wants to consume this type of informative content that will help to improve your life and others lives as well.
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