The 6 things you need to do to get rich
So you want financial freedom? Want to learn how to become rich and successful? As Paul Valery once said: “The best way to make your dreams come true is to wake up”- but wake up how?
You need to wake up to the ways in which you have to change or do something differently. Although there isn’t a straight-forward recipe for success – if there was we would all be rich! – we do know that all successful people utilised certain behaviours to get to where they are.
In this post, I’ll be sharing 6 things rich people have in common to help you adjust your focus for long-term success.
- They make their own luck
How often is a successful business built on things being handed to you on a silver platter?
Thomas C. Corley studied 233 rich people for five years, and the common denominator found in every single one of them? They were lucky. 24% of these millionaires were born into luck, and 76% created their own.
The general trend found in research data is that around 67-80 percent of all millionaires are self-made (plus they start out poor or middle class). So it seems that rich people have something in particular figured out then: that in order to receive good luck, you have to find it. How?
This brings us to our next characteristic..
- They take risks
To overcome fear. This is something you absolutely have to do over and over again; it has to become a habit. Otherwise, there will be no reward. It’s part of the job description!
We all know that failing doesn’t feel great. But what feels really great? Failing over and over, and then suddenly, success! When you finally hit the mark, you won’t be feeling bad about your failures because you had to experience them and learn what else works in order to succeed. Fail your way to success and financial freedom.
- They go out of their comfort zone
By trying new things and being open-minded. Famous figures in history have been known for being criticised for their open-mindedness. Robbert Goddard’s ideas were rejected and mocked by his scientific peers, before he went onto being considered the father of modern rocketry. The New York Times even once reported that he seemed to lack a high school student’s knowledge of rocketry. Walt Disney was fired by a newspaper editor for “Lacking imagination and having no good ideas”. If you don’t push yourself and do let your critics stop you, you won’t be able to prove them wrong.
- They surround themselves with the right people
Networking, networking, networking. This is key. After all, it’s not what you know, it’s who you know right?
- They take opportunities
This is a tough one to implement, but it’s something successful people have in common. Taking opportunities is tough because they will come to you disguised as risk.
A great example of this is the film “Yes Man”, where the main character decides to say “yes” to every single opportunity that comes his way (big or small). As soon as he starts saying “yes” to these opportunities, he goes from being unsatisfied with his life, to experiencing amazing things.
The scarier the risk is, the better the payoff could be. But saying “yes” is pretty simple! This takes us onto our final characteristic…
- They are positive
Positivity attracts these opportunities and allows you to see them in the first place. A study published in the Journal of Personality and Social Psychology found that optimistic people enjoy higher incomes, better physical health and increased marital satisfaction.
One technique you can use to strengthen your positive thinking muscles is ‘living’ or imagining something play out in your mind before you go ahead with it. Jairek Robbins, the author of “Live it!” recommends imagining every detail of the scenario play out and all the feelings you’ll experience upon reaching the goal.
For example, if you’re worried about giving a presentation, imagine yourself walking into the room and greeting your colleagues. What will you say? Imagine yourself walking up to the front. Imagine every detail until the successful finish. How great do you feel?
It should be added however that in order for optimism to help you reach your goals, it has to be realistic. A study published in the Journal of Experimental Social Psychology found that overly positive attitudes about likelihood of success reduced participants’ motivation to achieve a goal. In fact, the most positive attitudes towards the future predicted poor achievement. So make sure to combine positive thinking with action!
The final word
If you desire financial freedom, you can take from how others have gotten themselves there. Make your own luck, cultivate realistic optimism, take risks and opportunities, surround yourself with the right people and go out of your comfort zone. Adapt to these habits of success and you could be one of the people we write about.