A Letter I Wrote To My Friend: How To Get Richer
I once told a friend of mine that this is why most people are notrich
(I’ve cracked the code after listening to over 100 millionaires)
We all know what to do to become rich right?
Okay if you don’t, I’ll repeat the typical answers for the 100th time
- Make sure to read books
(I’m 1000% sure you’ve heard that before)
2. Establish Financial Goals: (To get rich, you need to start by defining exactly what rich means to you)
I’m sure you have heard that too
3. Destroy Your Debt. …
4. Create a Cushion, or a safety net to be able to take risks
5. Start Investing Now. Don’t wait till tomorrow
6. Diversify Your Portfolio (or Don’t put all your eggs in one basket)
7. Boost Your Income.
8. Avoid Get Rich Quick Schemes.
The list is long..
But you get the gist, a list of things to do and not to do.
But this is what I noticed no one ever tells you.
You’ve heard all of these a thousand times!
It is impossible for you to do all of these in a day or do everything right now.
For starters, You need to eat,
You need to go to work,
You need to bathe your kids,
You need to find their school fees or pay their rent at the university
As the list is long, you already find yourself overwhelmed and you probably will just abandon this post as just one out of many posts talking about getting rich
Because the truth is,
You can never get rich, You can only get richer!
And what I mean is- let’s analyze your net worth yesterday
Assets:
You have $1000 in your bank, or maybe nothing
You studied a university course and have a certificate that can get you a job
You have access to a small bus that you can use for a passenger vehicle and start a transport business
Liabilities
You have to pay for your internet subscription
You have to pay your rent
You have to pay for your children’s school fees
Now the simple question is, how do I get richer?
Simple!
Anything you do to fill up your assets portfolio, such as
Taking a new course,
learning a new skill,
saving towards building your cushion, reading a book
Anything at all can make you richer today than you were yesterday.
Even something as simple as taking your pen and paper to write down your financial goals, how much you want to earn monthly
or how much specifically you’re seeking in the next 6 months to 1 year
Defining a clear path for where you want to go and writing how you hope to get there.
Doing any of this will make you richer than you were yesterday!
So I told my friend,
As I’m telling you now,
You don’t get rich. It is almost impossible to.
The only control you have is that
You can attempt to get richer today than you were yesterday.
If this realization helped you!
Subscribe to my YouTube Channel and
maybe to my newsletter here and maybe by doing that,
You’ve probably taken one step to get richer today!
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