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- The Truth To Getting Rich
The Truth To Getting Rich
What Nobody Tells You
The Truth To Getting Rich
What Nobody Tells You
Work The Reward Outcome
The key is to shift your focus from obsessing over your salary to prioritizing your ability to earn more. Start by calculating your hourly rate based on your annual income divided by 193 hours, which represents a 40-hour workweek, 52 weeks a year, and some vacation time. This helps you understand the value of your time and sets the foundation for optimizing your earning potential.
Instead of solely negotiating your salary, think about the outcomes that directly contribute to generating revenue for the company. By identifying the actions that lead to additional dollars, you can strategically position yourself to earn more. It may require sacrificing some downside protection early on in your career, but it's worth it. Remember, the goal is to continuously learn and figure out how to increase your earning potential.
Buy The Coffee
Saving money alone won't make you rich. It's all about seizing opportunities and building connections. So, while it's okay to have coffee at home if that's your preference, consider the potential benefits of meeting someone over a cup of coffee. You never know, that person could become a game-changer in your life, leading you to your next job, opportunity, or lucrative deal.
Listening to those who claim that you can save your way to millions is not what you should do. Instead, focus on making meaningful connections and expanding your network. Even if it means spending a little on coffee, it could lead you to valuable connections that can propel your success.
Start A Service Business
Starting a service business can be a game-changer when it comes to building wealth. Just look at the success stories of people who began with minimal investment and turned their ventures into thriving enterprises. Take inspiration from the guy who grew a painting company into a franchise with just 12 bucks, or the person who replaced their day job's income by offering paint striping services. And don’t forget about the girl who paid off her student loans by flipping furniture.
The Pigmon Effect
The idea that we are the average of the five people we surround ourselves with, is a powerful concept when it comes to achieving wealth. It all boils down to the influence of beliefs on our actions. Our actions are often shaped by the beliefs of those around us. They tell us what they think we're capable of, and their beliefs can impact our own. We become a combination of our own thoughts, the thoughts of others about us, and the actions of those around us.
That's why it's crucial to choose your friends wisely and be mindful of the companies you work for. Surrounding yourself with the right people can have a significant impact on your journey to success. In fact, scientific studies have shown that being in close proximity to high performers can increase your productivity by 15%. On the flip side, being around under-performers can lead to a decrease in productivity by 30%.
Be Always Better Than Looking
Getting rich doesn't always mean coming up with a groundbreaking idea or being the smartest person in the room. It's about finding your unfair advantage and leveraging it to your advantage. Just like Picasso said, "artists borrow, great artists steal." Instead of stealing from just one source, steal from multiple different types of people. Gather ideas, concepts, and strategies from others and combine them in a unique way that only you can do.
Identify your unfair advantage, something that sets you apart from others. Maybe it's your expertise in a specific field, your knowledge of a particular market, or your unique perspective. Then, find a niche where you can apply this advantage. By doing this, you're capitalizing on your unique knowledge and positioning yourself as a leader in that market.
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