Let’s keep things in perspective. The desire to be wealthy or rich is something we all have in common. It’s a no-brainer that we all do it, isn’t it? People are drawn to “rags-to-riches” stories for a reason. It shows a beautiful image of an American Dream story that can be achieved through bootstrapping. In the 21st century, can America still be regarded as a place where anyone can become wealthy? Yes, I believe that is the case. What are the chances of an average Joe becoming rich and changing his life for the better? Definitely, I agree with you. The only thing you need to believe in yourself and work hard enough to achieve your goals is to believe in yourself. You will be rich if you follow these 15 signs:
Every single year, the stock market generates thousands of new millionaires, and most of them do not even have a million dollars in their bank accounts! As billionaires, they are among the wealthiest people in the world. In spite of the fact that people with little money don’t realize what they’re missing out on, it is sad news to hear. In order to build wealth, you need to know where to look for opportunities so that you can take advantage of them. If you have a good chance of becoming rich, there are plenty of signs that will let you know if your chances of doing so are good or not. Let’s take a look at the 17 signs you’ll be rich.
1. Goals Have Been Set
It is important to realize that the first step in reaching any achievement is to have a goal or a desire that you want to achieve. Having a clear vision of where you want to go is the best way to achieve success. As a result of this, you will be able to track your success and reach out for what you desire.
2. You Focus More on Earning than Saving
Those who are wealthy tend to have a sense of frugal spending when it comes to their money, and this is no secret. Even though they excel at saving money and spending wisely, they also know that investing some of the money they make is one of the greatest ways to be able to make more money in the future.
3. Have a Product to Sell
It doesn’t matter if you are selling your skill, your service, or your knowledge, you must have something to sell. In the words of growth hacking expert Neil Patel, “so that you can start collecting feedback and continue to improve it on a regular basis, what you need to do is get your product out there as quickly as possible.” By doing this, you will keep yourself on a path to success.
4. You Were Mr. or Mrs. Popular in High School
According to research by Gabriela Conti (University of Chicago), Gerrit Mueller (Institute of Employment Research), Andrea Gaeotti (University of Essex), and Stephen Pudney (University of Essex), moving from the 20th percentile to the 80th percentile of the high school popularity distribution results in a 10% wage premium almost 40 years later. To put it simply, if you had a significant number of friends in your high school years, then you may have a greater chance of earning more money in your adult years if you had a significant number of friends.
5. You Seek Knowledge
There is always something to improve and learn about you. There is no need to get stuck with old ideas, but be willing to find the information you need to grow and to learn new things. The multimillionaire consultant Sam Ovens is still making time to read a book a week, despite juggling a busy schedule. “This has taught me more than any class, mentor, mastermind group, or conference has ever been able to.”
6. You Have an Action-Oriented Mindset
Taking action when you see an opportunity is something that makes you happy, so do you? In a piece for The Motley Fool, Todd Campbell writes that if you have that kind of action-oriented mind-set, you are likely to be able to achieve financial freedom because it’s that kind of mind-set that can propel you to financial freedom.
The fact that long-term investments are capable of producing significantly more wealth than short-term investments has been proven time and time again. However, many Americans neglect to make the most of the opportunity they have to invest over the long term in their best long-term investment vehicle: their workplace retirement plan. If you have a workplace retirement plan, do you contribute ten percent of your earnings? If so, how much? “If you do, how much? A person who contributes 10 percent of his or her income to a 401(k) plan and receives a 6 percent return after 35 years will have $311,572 more than one who contributes 3 percent after 35 years. Consequently, underutilizing retirement plans is a surefire way of derailing your way to becoming a millionaire.”
7. You Don’t Make Excuses
Complaints are not something you have time for. You are more of a problem solver and you are constantly seeking solutions to your problems as opposed to being a problem solver.
8. You’re Attractive
Despite the fact that it might not be fair to say so, according to a study conducted by Daniel Hamermesh, an economics professor at the University of Texas in Austin, attractive people are likely to earn an average of 3 to 4 percent more than people who are less attractive. The amount may not seem like much, but it could add up to an extra $230,000 for an attractive person over the course of their lifetime. Hamermesh found that attractive people are more likely to charm interviewers and gain more sales opportunities.
9. You Can Save a Good Percentage of Your Earnings
Many people think success has everything to do with the amount of money you earn and the amount of money you spend, but successful people are renowned for saving a portion of their income for their future and investing it as well.
10. You Started Making Money at A Young Age
There is one of the most common traits that the wealthy all share in common, and that is that they began earning money when they were very young. As an example of this, a 12-year-old Mark Cuban sold trash bags door-to-door, Warren Buffett sold packets of gum to his neighbors when he was just six years old, and Richard Branson started breeding and selling parakeets as pets when he was just 11 years old.
When you are a child, you have this entrepreneurial spirit, and that can be a strong indicator of how you have always been on the lookout for ways to make money as a way to make ends meet
11. You Can Defer Gratification
12. You are Goal-Oriented
The third pillar of the mindset of the rich lies in the fact that they are extremely goal-oriented individuals. They have a clear vision of what they want to achieve and they have a plan for everything. It is true that all successful people have a clear vision in mind and are prepared to take on the next big challenge when the time is right. In order for them to be successful, they have a clear focus as well as a plan of action. They have a strong goal-oriented mentality that allows them to be super focused on what they want to achieve and prevents them from being distracted by anything else.
You can make a difference between success and failure when you make goals for yourself. By setting goals, you are actively choosing a life path that will require you to be more responsible.
If you do not have a plan for yourself, you are more likely to become part of someone else’s plan if you do not have a plan for yourself. In order to achieve success, you have to develop clarity, a vision, as well as the ability to communicate clearly your vision to others. In my experience, individuals who are wealthy or successful are always crystal clear about what they want and have the ability to communicate that to others in a clear and concise manner.
In order to be successful, you must also be able to communicate clearly and straightforwardly with the people around you if you wish to be successful in the long run. It is important that you are able to share your vision with others and get them to see it as well.
13. If You Don’t Have a Plan For Yourself – Someone Else Does
With all of his students, Dan Lok is always insistent on setting goals and creating plans in order to achieve them. There is no doubt that he is aware of the importance of having a clear sense of purpose and mission for yourself. The problem is, despite his best efforts, he continues to see students who are stuck in their 9-5 jobs, hating their lives, and wish that they could make some changes…but they do not know how to do it.
The majority of people are afraid to make a leap and leave a job they hate, work for others, and participate in someone else’s plans because they are afraid of making the leap. They do this by making another person rich instead of themselves in order to make them rich. I think this is the real reason for going bankrupt in the first place.
You need to find a way out of whatever it is that makes you feel like you are stuck in your life or that does not allow you to live it to its fullest. Having a clear vision of what you want to achieve and the courage to follow through on it is a prerequisite if you wish to become rich one day. In the absence of this, you will always end up chasing the dreams of others rather than pursuing your own to the point that your own dreams will be realized instead of theirs.
14. Always Push Yourself More
I believe that your desire to continually grow as much as possible is the most important sign that you are on your way to becoming rich. An individual who is successful is always working on improving themselves to be the best they can be. Every day they read, learn, and educate themselves in order to keep up with the world.
Rich and successful people are often described as incredibly hard workers, with strong self-determination, and who are always striving for more success, according to Chris Hogan, the author of “Everyday Millionaires: How Ordinary People Built Extraordinary Wealth – and How You Can Too.” If you want to achieve success, you need to work extremely hard.
Over the course of his life, Dan Lok has read more than 2,000 books. Throughout his career, he has attended a lot of learning events and is always challenging himself to grow as a person.
You have to focus on your education if you want to be rich, as well as continuously improving yourself if you want to be successful. You can listen to podcasts in the car, read books on your computer, attend seminars, or even meet new people while listening to podcasts on your phone. I believe that the best thing you can do for yourself is to find a mentor who can assist you through the learning process if that is something you can do for yourself.
15. Being Different is a Good Sign
If you truly want to grow as a person, then maybe you need to become comfortable with the fact that you are different from others at times. It is likely that you grew up in a family or environment where wealth was not a priority. Having said that, if your goal is to change that and become wealthy and successful, then you will have to invest in yourself and also be comfortable with the fact that you will be different from everything around you.
It is important to be different if you want to be successful. It is important to read, even if people around you don’t. Consider listening to podcasts instead of listening to music. Rather than watching movies and reality TV, you should watch documentaries and educational videos on YouTube instead. If you desire to be wealthy, you must stand out and you must be firm in your desire.
In addition, it is also very important that you associate yourself with those people you want to learn from and be like in the future. A proponent of this argument is self-made millionaire Steve Siebold, who is also the author of a book entitled ‘How Rich People Think’. The Business Insider quotes him as saying that “In most cases, your net worth reflects the level of your closest friends in terms of the wealth they have.”.
16. You Have Multiple Streams of Income
According to the research of Thomas C. Corley, author of “Change Your Habits, Change Your Life,” which he conducted over a five-year period of time on self-made millionaires, the rich “do not rely exclusively on one source of income.”.
A survey conducted by Corley found that 65 percent of respondents had at least three sources of income before they made their first million dollars, which included real-estate rentals, a side business or a part-time job.
17. You Save to Invest
Grant Cardone, a self-made millionaire, tells a story about how he became wealthy by investing money. “The only reason to save money is to one day invest money.”
In fact, the amount you save and invest is often times more important than the size of your paycheck when it comes to your financial future. It has been estimated that on average millionaires invest 20 percent of their household income each year, according to personal finance expert Ramit Sethi in “I Will Teach You to Be Rich.” It has been said that wealth is not measured by how much one makes each year, but by how much one saves and invests over time.
Do you know that some people don’t think it is possible to become rich? That is because they can’t see beyond the limits of their present condition. I know that this might be hard to believe but it’s true.