If folklore is to be believed, creating wealth would perhaps be as easy as following the rainbow to find a glistening pot of gold at the end of it. The reality, however, isn’t as glittery.
The path to creating wealth bears more semblance to an obstacle course, which one needs to wade through with equal measure of intelligence and grit.
The good news? It’s not impossible. Heck, it’s fun, even.
Let’s take a look at some proven ways successful people have created wealth. The mantras to striding towards that pot of gold.
1. Failing to plan is planning to fail
Simply put, plan ahead. Set goals for your success from day 1 and plan for it. Persevere and give it your all. Paradoxically, there’s no failure for committed people. Only wisdom. And wisdom is the most precious currency out there.
If you don’t set goals for your success and failure, you will fail every day and you won’t know it until it’s too late.
2. Be resourceful and responsible
The two crowning jewels of success. Having these embedded in you, makes you irreplaceable. People throw more opportunities at you without hesitating. Being resourceful feeds your creativity, which enables you to find newer solutions to old problems.
You become skilled in multiple fields and at some point, your brain becomes much more advanced than others at connecting dots. For instance, an athlete that can code becomes the perfect combination for a tech-based fitness product or service, like MyFitnessPal.
The world inevitably rewards you with wealth, since you create value.
3. De-code your way to success
Learn to code. Software is eating the world. It’s an intellectual super power. A programmer has the ability to work with the language of a computer, which requires them to further structure and develop their own thought process. That’s priceless, crucial growth. If you’re still not convinced, let’s talk business. Coding is one of the most monetizable skills in today’s world. It allows you to start big companies with 0 investment.
4. Success breeds Success
Work with successful people. Find a mentor who has been there, done that. Someone who can push you in the right direction. Learning through their experience is a great way to maximize your upside with the least downside.
Don’t be afraid to reach out to them. They’re brimming with wisdom and are always willing to impart it to energetic, success-hungry people.
5. Value every thought
The path to creating wealth is riddled with stressful situations. Here’s the trick: don’t label your thoughts as good or bad. Treat them as pieces of information. If a “bad” thought arises, you can either be afraid of it and choose to ignore it or extract wisdom out of it and create specific plans.
To put it succinctly, be prepared for stressful situations but learn to live in a stress-free state.
6. Start a business
Risk-taking is a virtue that cannot be faked. It takes you from abstract universal aims and grounds you to reality. You learn more from starting a business and failing than any school can teach you.
The hard fought business wisdom you earn is from taking action in the real world, getting feedback, and making adjustments until you get the result you want.
7. Ditch the ego
Dismantle the wall around your opinions and beliefs. Bow down, because it’ll open you up to new and conflicting ideas. There’s no better way to grow than to expand your own horizons.
8. Have an Abundance mindset
Your brain has limited energy. Your thoughts dictate your actions and your actions dictate your reality. You can approach life from the perspective of scarcity, constraints and how you’re but a tiny speck in an unknown universe. Or, build an abundance mindset, where you believe in a cosmos of limitless possibilities and take actions that are coming out of that mindset, fearlessly.
9. Stay Obsessed
Obsession might have a negative connotation in the general world, but in the world of wealth creation, it leads to positive outcomes. Obsession with your passion is the best fodder for your curiosity. You want to achieve more and know more to nurture your curious mind. Don’t just dip your toes into the ocean. Take a deep dive. Because treasures are often uncovered only deep inside.
Creating wealth is a costly endeavor. It costs tenacity, discipline, perseverance and above all, high execution. But the returns are immense and tremendously rewarding.
It’s like going fishing. You can either hop onto a little boat and catch a fish that’s good enough or you can sail fearlessly into open waters to catch the big fish.
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