I started this blog a while back writing mostly about personal finance, while I still enjoy writing about it from time to time I’ve become fascinated with entrepreneurship. It’s so interesting to learn how people become successful doing there own thing, naturally I want the same for myself so I write about it. Anyway, when I first started writing about “gettin’ dat money” people would look at the blog name “I Just Want To Be Wealthy” and literally laugh, like. literally. “LOL.” I’ll be honest a lot of it was just poking fun and messin’ around with me, but at the same time there were legit comments from people saying things like “yoooo, when you find out how to become a rich, let me know.” Like, passive aggressive-you can’t actually do it, but good luck, comments…Every time, I was like are you for reals?
Well full disclosure I’m still not a “wealthy”…but go ahead and watch me, because that’s all most people are willing to do…WATCH (if you’re reading this then hopefully not you and me though amirite??). Like Post Malone said (Rap/R&B Artist) when asked about his haters on twitter (I’m paraphrasing because it was pretty explicit)…a lot of people want to talk crap about me, but I’m working with one of my idols (Kanye West) while these people are sitting on Twitter.
For me there is no exact “formula” (yes there are different formula”s” but not one specific one) to getting wealthy but there are things that we can do or change in how we live and think to ensure it. To be honest it’s really quite simple but most people don’t want to make these changes…
Hopefully I harped on this one long enough. Your mindset has to change! I mean think about it, if you don’t believe you can become wealthy or live an abundant life then how will you ever do it?
- Why would you set goals?
- Why would you put in the work?
- Why would you think of ideas to earn more money?
Simple, you wouldn’t…
Okay, yeah I admit this might be the “fluffy” part of becoming wealthy. You know the “if you believe you can achieve” stuff, but when there are books on books dedicated to this one subject there might be something there.
Here’s a perfect example, Nathan Latka. Nathan Latka is a 26 year old who runs a top producing podcast called “The Top.” I’ve heard a few interviews of his where he was the one being interviewed, he literally says the same thing every time. He talks about his goals…and maaan has he set some pretty high goals for himself, including…taking a company public by 30 and becoming the President of the United States in 2030. Nathan says that he thinks about it everyday. Then, being bold enough to tell everyone about his goals forces him to accomplish what he says because his ego won’t let him not. He has sort of pigeonholed himself so that if he doesn’t accomplish his goals people will ask him what the heck he was talking about? Then he goes out and works his butt off to make sure those questions won’t be asked. It remains to be seen if he actually accomplishes these goals, but with that kind of thinking even if he fails I guarantee he accomplishes more than most 26-30 year old’s (by the way he has already started and sold a software company, “Heyo”).
There are soooo many books on the mindset of the wealthy. Go to your local library and check a couple of them out. Shake the middle class, mediocre mindset!
- Think and Grow Rich
- Secrets of the Millionaire Mind
- How Rich People Think
- The Millionaire Mind
- The Magic of Thinking Big
Make More Money:
I know what you’re thinking to yourself “okay that’s great, duh Mac, give me a break, just make more money huh?” but seriously, figure out a way to make more money. You keep asking “how can I get rich?” Find a mentor, read a book, turn off social media (or turn it on and use it seriously), do what it takes to make more money. You have to want it bad enough. I’m not talking about getting a second job at McDonald’s, I mean find out where and how people are making REAL money and figure it out.
Think about it, what’s the difference between you and big time business moguls or between you and the all-star in your industry? Not much right? They put their pants on one leg at a time just like you. I guarantee all they did was come up with a strategy through a mentor, reading a book, or doing some research and executed. If they “failed” they took it as a learning opportunity and pivoted. My favorite idea comes from Robert Kiyosaki in his book “Rich Dad Poor Dad” where he explains (again paraphrased) instead of saying “I can’t afford it,” you have to think “how can I afford it?”
Here are the books I recommend you read on this subject…
- Rich Dad Poor Dad
- The Art of the Start
Go To Work:
In my opinion this is one of the biggest differences between the middle class and the wealthy…ACTION. It’s not that they are smarter or know the right people or started out with more money. I can’t tell you how many times I’ve heard some one in the “middle/lower class” come up with a great idea, the difference…the wealthy execute on those ideas. I think you would have a hard time finding anyone who has become truly wealthy who doesn’t have a great work ethic. You can get the right mindset, even visualize yourself becoming wealthy. Then you can spend hours researching how to become wealthy, but at the end of the day if you don’t put that into action…you will end up in the same spot you started. Time to get your head outta the clouds and work.
Check out this book…
- Deep Work
I’ll finish my rant with a couple of my favorite quotes from people who are ACTUALLY wealthy.
- “Middle class is waiting to be rescued from financial mediocrity…world class knows no one is coming to the rescue.” – Steve Siebold, How Rich People Think
- “Don’t let the opinions of the average man sway you. Dream, and he thinks you’re crazy. Succeed, and he thinks you’re lucky. Acquire wealth, and he thinks you’re greedy. Pay no attention. He simply doesn’t understand.” – Robert G. Allen
- “Anything can happen, anything can come true, like whatever you want to do in life you really can do it. You just have to manifest it, you have to say it and then do it. You have to be realistic…and I always say realism, persistence, determination, and, ya know…wanting success more than your next breath, that’s like a real thing. It was literally…I can count on a hand…5 years ago I was in Maryland, and I didn’t have anything, and now I’m here and I have everything…I used to work really hard because I had nothing to lose, now I work hard because I have everything to lose…That’s why I’m really blessed that I’m here.” – Logic, Rapper
- “I’ve never really viewed myself as particularly talented I viewed myself as slightly above average in talent and where I excel is ridiculous, sickening work ethic. You know, while the other guy sleepin’…I’m workin’…While the other guy is eatin’…I’m workin’.” -Will Smith, Actor
- “Middle class believes in financial scarcity, world class believes in financial abundance.” – Steve Siebold, How Rich People Think
I mean to a certain degree I get it, we become products of the environment around us and the experiences we go through. We stop dreaming after the age of like, 12, and sure some of us dream through high school but once “adulting” (I hate that word) hits us our minds stop the creativity because “reality” sets in.
Look if you are okay with working your 9-5, (I haven’t quit mine yet) getting paid, putting some money in your 401k, going on vacation once or twice a year. That’s great, there is absolutely nothing wrong with that, in fact I find it very admirable and personally know some amazing people who go this route (heck you can even become a millionaire doing that). Just don’t come to me with excuses or with this “when you find out how to become a rich, let me know” attitude, because you already know how, you just aren’t willing to put in the sacrifice to do it. If you really don’t know then check out one of the books above and start learning.
QUESTION: What are you doing to become wealthy??