When it comes to making money, many get very impatient. They just wish to make tons of it in the next few days if possible. And constantly seeking for formulas that could turn fortunes around instantly. Thus, it is not surprising that many are conditioned to believe that cutting corners is the best strategy to getting rich fast. However, it is a lot easier to get rich and stay rich by going slow than latching onto a get-rich-quick scheme. I am not saying there is no such thing as a get rich quick scheme. Maybe it is just that I have not come across any that could show me a sure way to get rich the fast track manner.
So, what would be the slower but surer scheme to get rich? WEALTH ACCUMULATION.
I am already hearing screams and crowd booing from this answer. Tell me something I don’t know. If you think you really know, you may skip this section and read Tips for success: Losers’ common mistakes.
The formula is dead simple. You save $1 a day, in 30 days, you will be $30 richer. If you really know, sure. But can you do it? If you don’t know how to do it and make it happen, I can only say your wealth accumulation “skill” is not even at $1 level. That is why you are So sO so SO far off from being $1,000,000 richer.
“COME ON, who cannot save $1 a day. It is saving $10 a day that is tough.”
“If we don’t spend, can survive meh.”
“Everything is so expensive now, how to save.”
Listen to yourself. Write down all the reasons why you cannot accumulate your wealth. They are the exact same reasons why you cannot get rich. The rich got rich by overcoming all that too (apart from those who got rich via inheritance lah).
I’m called Strongerhead for a reason. I like to do things differently. When others spend, I save. When saving $10 a day gets tough, I make sure I can do it. Maybe you should exercise this mindset too. And you know what, the day you are able to achieve it, it is the day you make it a step closer to getting richer and richer.
Behind wealth accumulation, you need to know how to spend less and still survive. Not only to survive, but to also be able to save a portion of your earnings. And to be able to save a larger portion of your earning. If you are finding it incredibly challenging, make this your motivation as to why you need to become rich so that you need not have to suffer in vain under such situations anymore.
In the mist of wealth accumulation, remember to keep your nose clean. Resist the temptation to get ahead by cutting corners. Cheating can be a slippery slope, and you may regret it even if it doesn’t lead to big trouble. And the real risk is losing your soul.