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How To Become Rich From Poor Background

getting rich is everyone’s dream and we’ve all see those who has become rich as a result of their business venture or as a result of winning the lottery. i think that getting rich with a normal job is just as hard as winning the lottery, but getting rich with struggle and determination is also possible.

You’re about to discover the secrets to how to get rich from nothing. With this article you will discover stunning ways you can get rich. So, keep your eyes on the plough!

Plan and set goals.

Rich people are goal-setters. They list what they want to achieve daily, weekly, monthly, and they can tell you where they want to be in 20 years.

Poor people just sort of wing it.

“Ninety-five percent of the poor people in my study had no life plan,” Corley wrote. “Without a blueprint, without long-term goals, we are like leaves on a fall day, floating in the air aimlessly.”

The bottom line is you don’t have to be rich to make a plan. You do need a plan if you want to be rich.

Don’t overspend.

The simplest and surest path to wealth is to save money and invest it. It’s like planting an acorn and watching it sprout into a tree. The problem for millions of Americans is acquiring an acorn to plant.

A 2018 Federal Reserve report found that four in 10 adults would not be able to cover an unexpected $400 expense much less an emergency fund. The U.S. Bureau of Labor Statistics put it at 6%, the lowest level since the 2008 financial crisis.

If you barely make enough money to pay your bills and can’t save, the obvious solution is to make more money. That leads us to the next poverty habit.

Create multiple streams of incomes.

A 2019 U.S. Census Bureau study found that only 8.8% of women and 8.0% of men have two or more jobs.

Corley found that 65% of wealthy people had at least three different streams of income set up prior to making their first $1 million.

“Poor people have one income stream,” he wrote. “Their eggs are all in one basket.”

So, if you lose your job, you run into a medical emergency or you fall behind paying bills, you’re single source of income probably isn’t going to be enough to bail you out.

Read and educate yourself.

Wealthy people not only work dual jobs, they make time to read. But they’re not reading Stephen King or Danielle Steel.

They read educational and self-improvement books. Corley found that only 8% of low earners read educational or self-improvement books.

“Success requires growth, he wrote. “That growth comes from reading and educating yourself on a daily basis.”

Avoid toxic relationships.

Psychology plays a huge role in wealth accumulation. It may sound corny, but a Can-Do attitude is a must. It’s hard to maintain one if you associate with Can’t-Do people. Corley found that only 4% of low-income people associate with “success-minded” people.

“You are only going to succeed in life if you surround yourself with the right type of people,” he wrote. “That is to say, people who are encouraging, positive, curious, and helpful.”

Don’t engage in negative self-talk.

When it comes to psychology and money, the only thing worse than surrounding yourself with losers is believing you’re a loser.

Do you say things like, “My job is too demanding,” “It’s not my fault,” or “I’m not smart enough.”

Say that enough, and you’ll believe it.

“When you allow negativity to rule your thoughts, you are programming your brain for failure,” Corley wrote. “You’ll have no chance in life at breaking out of your current financial or life circumstances. These negative thoughts will become beliefs that act like computer programs.”

Live a healthy lifestyle.

Are you a couch potato who can’t resist nachos, beer and a Girl Scouts Coconut Caramel Swirl Inspired Frozen Chocolate shake from Dunkin’ Donuts?

If so, chances are you’ll never be able to afford a new couch.

Making money takes will power and work. So does exercise and eating right. Taking care of your finances and your health go hand-in-hand.

“Poor health habits create detrimental luck,” Corley wrote. “This is a type of luck that is a byproduct of poor habits, poor behavior, and bad decision making.”

If you’re a creature who has more than a couple of these habits, chances are you might need help getting out of debt. A nonprofit debt management program is a proven way out.

Certified counselors will work with creditors to reduce interest rates and lower your monthly payments to an affordable level. What’s more, they’ll teach you budgeting habits that will put you on the road to wealth.

They also understand being in debt is nothing to be ashamed of. Nobody is perfect, and the key is to have more good habits than bad ones.

“Adopting one rich habit,” Corley wrote, “has the effect of eliminating many poor habits.”

So, if you’re in debt, stop watching so much TV, read more, start making plans, think positively and find extra income streams.

And don’t forget to floss.

 Mentally commit

Getting rich starts with your mindset — with the belief that you really can accumulate wealth.

“The biggest mistake is to think becoming a millionaire is impossible,” writes Cardone. “The first thing you have to do is decide to become a millionaire, multimillionaire, or billionaire if you want. … Then you must reinforce that decision, over and over.”0:52The trait shared by billionaires around the world

Do the math

Next, crunch the numbers to see what it actually takes to reach seven-figures, or whatever your personal goal is.

“For any goal to be achievable, you must believe in its possibility as a realistic and doable goal,” writes Cardone. “The way to do this is simply by doing Million Dollar Math. How many different ways can you collect one million dollars?”

If you can figure out a way to get 5,000 people to buy a $200 product, you’d have $1 million, says Cardone. Or, if 5,000 people paid you $17 a month for 12 months, that would also get you to $1 million. Of course, these examples are highly simplified, but the point still stands: “Do the math to create possibility, then create strategy,” says Cardone.1:05Self-made millionaire: You should work through the holidays

Increase your income

“Once you’ve done the math and realize how real it is to get super rich, you need to focus on increasing your income streams,” writes Cardone. After all, self-made millionaires tend to have at least three sources of income.

“There are so many ways to increase your income today,” Cardone says, from “internet sales at home writing blogs, editing for authors, releasing a podcast … and on and on.” Additional streams could also be real-estate rentals, stock market investments, side businesses, or part-time jobs such as teaching a language or driving for Lyft.1:21How to make extra money — without much effort

Find out who has money and spend time with them

“Ask yourself: ‘Who’s got my money?’” writes Cardone. “Make a list of who has your money, the money you want, and figure out what you can exchange with them. Whether you have a service, a product, or an idea, the question to ask yourself is always: ‘Who’s got my money?’

“You don’t need to make money, you need to connect with those who’ve already collected money, who have money, and exchange what you have (skills and knowledge) with what they have (money).”

There’s no shortage of money, he says. The key is to get in front of those who have it — investors or potential buyers — and provide them with value.1:11Self-made millionaire: Working too hard is not the cause of burnout

Stay broke

No matter how much you increase your income, “stay broke,” writes Cardone. “I have a policy to never, ever have money sitting around. Once I start increasing income, I immediately moved the surpluses to sacred accounts that were out of my reach and marked for future investments.”

This is a way of paying yourself first: Cardone invests his money before paying anyone else. This way, he’s never even tempted to spend or waste money that’s sitting around.

Plus, when you’re broke, you’re motivated, he says: “This state of staying broke forced me to continue producing new revenue … and to keep reinforcing the actions that had already proven successful.”0:57Millionaire: Your home is NOT an asset — it could be a trap

Save to invest, don’t save to save

Investing money is how you will get super rich,” says Cardone. “The only reason to save money is to one day invest money.”

Following Cardone’s steps is just the beginning. You have to “repeat and reinforce” these steps, he says, if you want to continue building wealth. But the rewards can be massive: “You can be a billionaire, deca-billionaire, or richer if you simply think bigger from the start and then hyperfocus, and repeat the steps I have laid out.”

Conclusion

Millionaire Club – How To Become Rich From Poor Background once I was on Skype with one of my real estate mentors who is a millionaire. He narrated his story of how he became rich through real estate investments. My mentor told me that he was born poor later went on to become more popularly known as rich today. He also added that even though he had never attended any of the schools but had still managed to out-perform all the graduates during his days as an agent, before he became a millionaire.

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