We all have that dream to live in an expensive house, drive an expensive car and spend money without thinking. We have seen millionaires and billionaires do it on TV.
But is it possible for everyone to get rich and make that kind of money?
It definitely is!
Whatever the amount of money you want to make in life, know that it is possible. You need to build the right habits, work hard and work on the right problems.
Most importantly you need to fail fast, make mistake and learn from them. In this article I will talk about 11 things you should be doing to do exactly that and get rich in life.
Let’s get started:
1. Don’t Be Scared To Fail
It’s almost impossible to go through life without experiencing some kind of failure. People who live cautiously go nowhere in life.
You never know when you’re going to succeed in life. Success could be just around the corner. So don’t let failures stop you from working towards your goals.
It’s only a failure if you give up.
2. Always Make Connections
Connections are vaulable. You’re gonna get a lot of opportunities in life just by knowing people.
I started building my audience on Twitter a year and a half ago. Since then I’ve got so many opportunities in terms of freelancing, paid partnerships, paid writing gigs, collaboration requests, etc just because of my connections. It’s definitely one of the best decisions I made in recent years.
So start networking and don’t burn bridges through anger.
Your network is your net worth.
3. Develop Passive Income
We are all trained to go to school, get good grades, get a job and work our entire life just to enjoy a few good years in the end. This is now how we are supposed to live our life.
It’s important to take care of your financials early in life so that you can live life on your own terms. You were not born to work for someone else. So start building your own businesses and more importantly find ways to make money without working much.
As Warren Buffett says, “If you don’t find a way to make money while you sleep, you will work until you die”.
It’s important to build multiple passive income streams to stop trading your time for money. Find a way for your work/money to make money.
4. No One Wins an Argument
A healthy argument is good. But the ones where people’s ego takes the front seat do no good to anyone. They are just a waste of time.
Keep yourself out of arguments. You might win an argument but you will end up breaking a relationship.
Relationships are important to succeed in business.
5. If You Don’t Ask, You Don’t Get
It’s surprising how much you can get just by asking for something. I have done paid partnerships with startups, and written paid articles just by writing a cold DM to them.
Start writing those emails instead of waiting for them to come to you.
Reach is important. It could be anything:
- landing a deal with a client
- asking for a pay raise at work
- asking that girl on a date
6. Don’t Waste Time on Unnecessary Things in Life
There are a lot of things in life like envy, anger, arguments, hatred, etc which do not help you in any way.
It’s better to use your limited time wisely spending on the things that you care about. Everything else is just a distraction.
Next time you see yourself with these emotions, sit back relax and act smartly.
7. The Best Time To Start Is NOW
You get a lot of ideas but you never build anything out of them. The reason is you procrastinate in taking action. People make New Year’s resolutions. But most of the time they never do them.
If you have something on your mind that you want to do later, stop reading this article and do it, Now!
NOW is the right time to start anything new!
8. Will This Matter in 5 Years?
We spend so much time stressing and worrying about things we can’t control in life. Look at it in this way: will it matter in 5 years. If not, you’re probably good not thinking about it.
Emotion is temporary. Let time do its thing.
9. Work Smarter, Not Harder
The world is full of hard workers that aren’t very successful, it’s all about focusing that hard work in a smart direction.
With inspiration kicking in, we tend to get into the “work hard” mode. In the process, we forget to spend time on more important things in life like family, friends, health, and happiness. It’s wise to delegate unimportant things and focus your time on things that matter.
10. Start Investing Early
Compounding is a fascinating concept. You can make a lot of money later by starting to invest early in life.
A lot of people know how to make money but they don’t know how to build wealth. Take care of your financials early to have a peaceful life.
11. Work On Your Career
There is only so much you can cut in terms of expenses, but there is no limit to how much your income can increase, at least in theory.
Of course, increasing your income will be contingent upon the job you have. Those working hourly jobs, for example, may have minimal leverage to increase their income. But if it is possible for you to move up the corporate ladder, that can be a powerful way to become rich as you will be able to save and invest more.
These are some of the important lessons I’ve learned the hard way in life. I hope people start realizing the importance of these lessons sooner to live life on their own terms.
Before you learn, read this article if you want to know the different ways I make money as a software developer.
If you like what you read in this article, be sure to follow me on Twitter and Instagram where I regularly share content on Software Development, Freelancing, and making passive income on the internet.