We all want to become rich someday. But you know what, statistically speaking, there is a good chance you won’t.
SO YOU WANT TO BECOME RICH SOMEDAY?
How do I know? Well, just look at what is one of the most popular reality T.V. shows of all time.
It’s ‘Keeping up with the Kardashians’.
Every night on the tube, we watch with regularity, the lifestyles of the rich and the famous play out their lives on T.V. and we secretly imagine how great our lives would be if only we could be them. If only we could have what they have. If only, if only…..
And if it’s not happening on T.V., then it’s happening on YouTube. We spend countless hours glued to our screens, ogling at the rich or the entertaining, wishing we could be living similar lives.
We day-dream. We fantasize. And we imagine that someday we’ll be able to retire early, and live like a king or queen.
We watch commercials of grey-haired couples riding motorcycles together, smiling, and enjoying their time cruising along some random sunny coast, and we think to ourselves, “Yeah, someday, I’ll be doing that.”
But chances are you won’t. You won’t because most people don’t have a plan.
All most people have, is a wish, a hope, a hail Mary. Chances are you believe that someday, somehow, success, money, and comfort will just happen for you.
But this is an illusion.
It is mostly an illusion, because we all believe one thing, but statistics say another.
Statistics tell us, that the odds are you won’t be getting rich any time soon. Here is why:
- According to the U.S. Census Bureau, only 32% of Americans are saving for retirement in a 401(k)
- The median savings in the average retirement account was a measly $5,000.
- 75% of Americans have less than $10,000 saved up!
Instead, you’ll probably end up spending most of your money pretending to be rich.
Because when people don’t know how to get rich, they do the next best thing, and that is to pretend.
The average household carries a credit card debt balance of $15,654.
In other words, the average household pretends 15K of their life away.
They pretend by spending all their money on clothes, cars, watches, shades, and all the other expensive items that “scream” to the world, look at me, “I am rich!”
And in so doing, they seal their fates. They perpetually create the conditions that will never allow them to become rich.
Why? Because they waste the very things that could have set them free.
Time and Money
When you try to keep up with the Kardashians, you waste precious time. When you try to keep up with the Joneses, you waste precious money.
If you are always watching the rich, you’ll never find time to learn how to actually become rich.
If you are always pretending to be rich, you’ll never use your money to do the things that will actually make you rich.
THERE IS STILL HOPE
But all hope is not lost.
If you will draw a line in the sand, and make up your mind to be more than the average now, so you can live above average later, you have a chance.
Is it as easy as just deciding? Yes.
But in your decision, you must also make up your mind to learn. You must seek out ways to use your money well. The odds are that you’ve probably already wasted tons of time, which means you have a lot ground to cover.
And that’s okay, better late than never.
BETTER LATE THAN NEVER
We all need a good starting place. So here is one. Books!
There are three books that I wish I had read immediately after graduating high school. I didn’t read them till years after college, and it cost me nearly $100K.
Fortunately, these books found their way into my life, and I devoured them. But I didn’t just devour them, I sought to put them to use.
And put them to use I did. The knowledge gained from these books propelled me into action. And action has lead to an ever-growing bank account.
These books can do the same for you.
Before I divulge the books you need read to get rich, it is important to understand that each is meant to inspire and educate. However, knowledge and inspiration alone won’t automatically get you the results you seek.
Why? Because good results only come with effective execution of what is learned. And execution is always an individual thing. In other words, the results are up to you.
So what are the books? Well, here they are, listed in the order that you should read them. By reading them in this order, you will create for yourself a strong financial foundation. A foundation that will allow you to start winning the money game.
Ready, set, here you go, the three books you need to read, if you want to become rich someday.
IF YOU WANT TO BECOME RICH, READ THESE
1. Richest Man In Babylon
This book will teach you the basics of intelligent money management. If you follow the guidelines set out in this book, you will be doing yourself a huge favor.
The knowledge you gain from this book will be basic. But it will help you steer away from being like so many of your debt-ridden friends.
This book will teach you the fundamentals. And just like athletes, you need to master the fundamentals before you can get to that next level.
By getting a good handle on this book, you will learn how to keep more of the money you make. You will also learn how to avoid losing it all. But most importantly, you will learn how to better leverage what you save so it can grow.
The great thing about this book, is that the advice is provided in story form, and everybody loves a good story. Plus, a good story will help the lessons stick.
I’ll say it again. This book is a must read for every single person striving to improve their financial lives. In other words, it’s a book for everyone.
2. Rich Dad Poor Dad
Hearing words like “money doesn’t grow on trees” almost daily while growing up, convinced me early on that having lots of money someday was not possible. But then I read a book called ‘Rich Dad Poor Dad’ by Robert Kiyosaki.
It was the book that finally opened my eyes to the possibilities of getting rich.
I read this book long before I ever read ‘The Richest Man in Babylon’, but it comes in second place, because it is wise to know how to manage your money, before you start investing it.
Why? Because if you can’t manage your money, then you won’t have any money left over to do what uncle Kiyosaki recommends.
Had I read ‘The Richest Man in Babylon’ first, I may have saved myself thousand of dollars from the get go. And this my friend, would have put me further ahead when I decided to employ what I learned from this book.
Now, a huge portion of this book educates the reader on how to stop thinking like just a worker bee, and instead, how to start thinking like an investor or a business owner.
The premise is that if you only think in terms of earning money for trading your time, you’ll limit your ability to get rich.
This book also helps drive the point home, that big (rich) money never comes from incremental growth. It always comes from either geometric or exponential growth. And these types of money gains can’t and never will come from just grinding it out a your J.O.B.
The insights are supremely helpful, and played a big role in helping me secure serious money for myself fast. It will help you do the same.
3. The Millionaire Fast Lane
This next book is a highly informative book and should be read shortly after reading ‘Rich Dad Poor Dad’. The sooner you read this book, the quicker you’ll be able to set your big-money-making trajectory in the right direction.
‘The Millionaire Fast Lane’ leans towards business ownership to get rich. But, it also touches on other ways as well, including Real Estate.
By reading it early on, you can better decide what vehicle will better suite you on your journey to Moneyville (Real Estate or Entrepreneurship).
When you read this book, you’ll find that MJ Demarco is a great writer, and all his lessons pack a punch.
Much of his insights are powerful lessons on what it takes to make money fast. But beyond him actually giving us the keys, he makes a strong case for why we need to get started now, not later.
All in all, the book is a great teacher and a good guide to getting rich.
There’s a saying that goes…
‘Every Body Wants to Be a Beast, Until It’s Time to Do What Beasts Do.”
It’s a motivational phrase originally geared towards athletes. But it applies to becoming rich too.
When we’re talking money, it’s better said like this…
“Everybody Wants to be Rich, Until It’s Time To Do What The Rich Do.”
All too many of us know what we are supposed to do to become rich. But when it comes to actually doing what is necessary, we don’t.
We know the rich read books. We know they study money making trends, and ideas. We also know they don’t obsess over celebrities, and definitely not over their neighbors.
The rich are just like you, they dream, scheme, and strategize, but what sets them apart, is they do.
Nothing is ever too much effort for the rich. They don’t ever take easy street, and they never distract themselves with endless consumerism and entertainment.
So what about you? Do you want to become rich someday? If yes, then you know what you need to do.
The days of pretending to be rich are over. Instead of striving to impress others, strive to impress your financial planner, better yet, strive to impress yourself.
Start with taking those first steps, and then those next natural steps.
The first steps are simple:
- Turn off your T.V.
- Stop Playing Keep Up With the Kardashians (Joneses).
- Educate Yourself, Starting with These Three Books.
- Take Determined Action Like Your Life Depends Upon It. Because It Does!
- Keep Educating Yourself.
- Don’t Become a Statistic, Stop Wasting Precious Time. Keep Taking Action.
- Become Rich
To open up new possibilities for your financial future, you need to read these books.
And after you read them, apply apply, apply.
If you do, you’ll have a real shot at becoming rich.
If you don’t, you’ll become a statistic, so get off your ass and go try!