Think this yourself: if you were a 3-figure millionaire, would you give a bunch of financial advice to people who have 1000x less than you?
I think not. Fortunately, I’m not a millionaire, and I’ve got the solution for you: be an entrepreneur!
That’s why we’re going in-depth on this topic today — we’ll show you how to become wealthy by building your own business from the ground up!
You don’t need any experience or special skills beyond a willingness to work hard.
All it takes is a bit of determination and research into your niche market first (don’t worry, we’ll have plenty of information below!).
That’s enough introduction, though: let’s get to what you’re here for already…
Why a rich person will never give you good financial advice?
The rich person is rich because you are poor!
That’s because business is a zero-sum game — no matter how much you make, there will always be someone else who makes less.
And if you’re still an employee and not your own boss, you’re part of the problem.
Becoming self-employed is the only way to have a truly passive income — in fact, it’s virtual freedom.
However, some people are afraid to “go out on their own” (i.e., become an entrepreneur) due to being used to having a steady paycheck from their 9 to 5 job.
Or they simply don’t even consider it as an option and continue living their lives as is.
I was once an employee and I never thought about starting my own company. Why would I?
I wanted to work for someone else, not create something all on my own. Why would I do that when I could have a steady paycheck every month?
The problem with this mentality comes starts with the fear of getting old and you start thinking about your retirement. Or when you want to start a family.
This is what those at the top of the ecosystem often say:
You can always work for someone else, and keep living paycheck-to-paycheck until retirement — that’s perfectly okay.
You don’t have to worry about it. You don’t need a million dollars before you retire — be happy with your $500k instead (or even less if that’s all that you can save!).
These are the same people who will never say anything that would make you uncomfortable at a glance.
They are not going to push you and upset you in any way — they’ll do everything they can to help you feel good.
They’re going to give you all the basic information and resources they have, they will inspire you. Yes, they will inspire you to work for them your whole life.
Do you know why people fear AI automation? No, it’s not that people will be jobless. It’s because they want real human employees to rule over.
They want to keep people enslaved by jobs. They want to be able to tell people what to do and how long they should work on any given day.
They want employees who are always available for business meetings, no matter where the meeting is or at what time the meeting is.
What can you do?
Just learn it yourself. How money works, how the economy works, and how the financial markets work. You don’t need to know everything, but you have to at least have an above-average understanding of them. Don’t listen to the people who have a lot of money. Those are the people who can lie to you in a convenient way.
The people who earn their wealth the hard way aren’t going to be interested in teaching you how to gain more than they earned. In fact, they want to maximize the distance between their financial situation and yours.
The common idea that a person earns money because she is smart is just not true. It seems like it should be true, but it isn’t. Plenty of people are smart, but no one is born wealthy (not even those who inherit their wealth).
People earn more money because they’ve done something that lots of other people aren’t willing to do. They’ve learned to deal with the discomfort that comes with taking risks and working hard.
That discomfort — that toughness — is what gives them the edge to get ahead.
If you want to be rich, you have to stop being afraid and start making some serious money.
You’ve got to go right where the money is. Money isn’t something that comes around by itself. You’ve got to go out and find it. Understanding the economy is like becoming a master of land in Pokemon Go: it takes a lot of work, but it’s well worth it.
The “first and foremost” step towards wealth is understanding how money works. The second step is behaving like you’re already wealthy. And the final step is actually finding good money.
Amateurs sit around thinking of what they’d like to do, then they write a few notes and go off in search of the easiest possible way to do it.
The person who’s getting rich is the one who’s finding new and better ways of doing the same old things. He knows the old tricks, but he’s not afraid to try out something new if he thinks it’ll work better. He refuses to settle for second-best when first-best is available.
The person who floats with the stream may think he knows all there is to know about a subject, but that person doesn’t know much.
Always remember one thing: the solution to a problem does not lie in understanding the problem. But understanding the solution.
Find something people want to buy at a price they are willing to pay. Find a way to make that same product more efficiently or effectively than the others, so you can lower the price because now there is even more demand than before. Sell your product for less than what you paid for it, netting more profit each time the product is sold.
The concept is simple and is often made complicated
Don’t worry about where it comes from. Just worry about how to get it: nothing will work if you don’t have money first — that’s the bottom line. You need to start making money for the initial capital, and then everything will follow naturally from there, provided correct knowledge about how Finances work.
