Skills That will make YOU Rich
SKILLS You Need To Develop If You Want to be RICH. There are several traits and skill which you need to have if you want to be rich and we’re about to go on a journey together! It’s going to be an incredible ride!
It’s important to sit down and go through the entire article, because it’s not enough to just know the things I mentioned on this list, but actually understand them and see how you can improve in those areas.
This article is a self-analysis one, where I recommend you grab a sheet of paper and after each fact I have mentioned, you score yourself from 1-5, where 1 is bad and 5 is good. At the end of this read you should be able to tell which skills you need to develop over the medium terms and which ones are your current strengths. It’s going to be a longer article, because when I do it, I gotta do it right. In it, you’ll find all the information you need to start making yourself a game plan.
Success in business and life is not a sprint, it’s a marathon. Your ability to keep putting one foot in front of the other, not matter how difficult, what the weather’s like, what other people say or how are you feeling each day is what will get you to the finish line.It doesn’t matter what you’re trying to achieve, if you can not discipline your actions, you’re probably not going to get it.
So what is DISCIPLINE anyway ?
It’s your ability to dig deep within yourself, identify your true goal and then act every single day in accordance to that ideal. Discipline means you will take care of the most important tasks related to your long term goal before anything else. You can not let a single day pass without closing in the distance between your current reality and your target. This might sound easy in theory, but it’s not. And this is the reason why people fail in life. They are unable to discipline themselves to put in the work over extended periods of time.
How do you develop Discipline?
- Define what you want
- Evaluate why you want it
- Eliminate distractions
- Prioritize the most important tasks over everything else
- Track your progress
- Keep yourself accountable
Discipline and habits – although different things – work hand in hand. If you’ve never tried to self discipline, meaning you’ve scored yourself with a 1 or 2 here, it’s really time for a change.
People think that IQ is really important if you want to be rich or successful. The truth is, having a high IQ could be a bonus, but it’s not what will make you rich. High IQ rarely correlate to financial success. Because money isn’t the result of word comprehension, math skills, abstract and spatial thinking, but instead it has to do with understanding how people work, how they think, what they want, need and how to really understand that information.
Emotional intelligence is far more important in business and life than IQ. You don’t have to be smart in school do be rich. The truth is, most A students end up working for B- and C students, because while the A students waste their time trying to memorize all the useless information you get in school which does not apply to real life, B & C students are spending that time learning about others, interacting with them and developing their social skills. Business & Life are not about how able you are to regurgitate information, but instead connect the dots in the real world and find ways to build your life on top of that.
In order to assess how strong your EQ is, ask yourself, how well do you understand people, is it easy for you to tell how other people feel, what they want in general and what makes them behave the way they do?
Rate your emotional intelligence from 1 to 5 now.
Things will get hard in your journey and to be honest, you’re in this alone. Yes your family and friends will be around you, but it’s within yourself where you REALLY make the decision to put in that time and effort. If you’re unable to motivate yourself I have got bad news for you, you’re not going to make it.
Self-motivation is one’s ability to overcome obstacles in your mind that tell you, you can’t do it or why should you even bother.
Self-motivation is when you get yourself to put in the the work because you want it so bad that nothing will stop you. Even if everybody around you doubts you, your desire to achieve the life you want is so strong that nothing can pull you back from getting it.Along this list you’ll realize how strongly all of the things I mention are interconnected and how together they form a strong net or structure on which one can create progress for themselves.
People who are lazy in general lack this ability. Your inability to self-motivate will lead to time being wasted, it might not seem much skipping work today, but they all add up and snowball to a life of mediocrity.
Everything around you has been engineered to distract you. We live in a world where attention is the new currency. I see a trend among people where it’s increasingly hard to maintain focus, because every day more and more distractions try to hook you in.Maintaining focus has to deal with one’s aptitude to choose activities which will serve your ultimate goal over activities that feel good in the moment, but have little rewards for the long run. “Carpe Diem” sounds good on paper, but it never lead to anyone who’s built anything worth mentioning in their lives.
How focused are you on your journey?
We’ve said it before and we’ll say it again: SUCCESSFUL PEOPLE… READ.. A LOT.. OF BOOKS! On average they read around 50 books per year while the average person reads only 1.5 book. You need to start reading. And you need to do it right now. Reading is better than watching videos or audio books because the brain processes text differently than it does with video or audio.
When you watch a video, the visualization of the information happens on the screen. When you read the information is processed within and makes correlations to your internal memories and reality.
PLAY THE LONG GAME
Everything you’ve done in life so far has been for the immediate future. You studied in school, because you had a test the following week. You watched all episodes of FRIENDS because it made you feel good in the moment. You’re eating junk food because that’s the more accessible thing for you right now. If you wish to be successful in life, your mindset needs to change dramatically. You need to stop looking for shortcuts, for get rich quick methods. You’re not going to like what we’re about to tell you, but it’s the truth:
It will take between 7 and 10 years to change your life.
Being successful requires you to think ahead and take actions now which will have an impact over the long term. The quicker you realize there’s no other way around it, the quicker you can start to take the right types of action. 10 years might sound like a lot of time where plenty of things can happen, but time will pass either way and without a plan, you’ll find yourself 10 years later, doing the same mistakes but filled with more regret that you didn’t take action.
Rich and Successful people never stop learning. Not only through reading but learning from everything that’s around them. It’s incredible how much you can learn about life from just observing what’s happening. Your success depends on your ability to continuously learn, acquire new skills and use those to further yourself. The goal is not to know as many things as possible, but to understand as many things as you can.
There’s a crucial difference between the two – The first one, fills your mind with information, while the second one allows you to connect dots others might not be able to see.
HOW TO SELL
Selling has a bad rep. Because most people think of it as manipulation instead of rationalized persuasion. Everything you do in life is a form of selling. From the minute you’re born when you’re crying in order to get milk to the moment you die. Life is about interacting with others and selling is just convincing someone of the merits of an exchange. If you learn how to do that you have a shot at winning at life, because you’re going to have to sell a lot of people on a lot of things in your journey. You’ll have to convince your partner to be with you, you’ll have to convince your friends to trust you and if you want to be rich, you’ll have to prove that whatever it is you are offering is worth exchanging for money.
This is the basic folks. If you’re unable to understand the fundamentals of transactions, you’re going to have a hell of a hard time trying to get rich.
These line will forever change the way you look at money: People will trade their money for things that they find more valuable than the money they just spent.
Take a minute to read that again and run it through your brain.
If needed, write it down and think about it.
This reasoning applies to TIME as well. People will trade their time for money, if the money they receive is perceived as more valuable than their own time. If you know this to your core, it will make you a great salesman, you will be able to rationalize their decision process and make the sale easier.
LEARNING TO OUTSOURCE
Now that you know how to sell someone on your ideas, it’s time to buy yourself the most valuable thing in the world: TIME. Everyone who is rich or successful understands the importance of TIME and the fact that it is a limited resource. We all have the same 24 hours in a day and no matter how much hustle you put in you can’t work more than that by yourself. That’s when you start to acquire the time of others and use it for your goal. In order to be successful one must be aware of his own strengths and use those to get ahead. In any business or any project there are time consuming tasks which are of repetitive nature. Basically you do the same thing over and over again and this takes a lot of time.
WILLINGNESS TO MAKE SACRIFICES
This is where you realize that the lifestyle you want doesn’t come for free.There’s a great saying that I love which says:
THE DREAM IS FREE, THE HUSTLE IS SOLD SEPARATELY.
It’s not going to be easy, but it’s going to be worth it IF you’re smart about it. Nothing can be achieved without sacrifice, sometimes we even end up sacrificing more than we’d like, but it depends on the type of person you are and just how important winning is.
Many people confuse selling with marketing and although they happen to be in the same are there are fundamental differences between the two. Listen up , because this is the type of knowledge you only get during really expensive MBAs at the top financial universities, and here you’re getting it here for free.
To put it in the simplest form possible:
- SELLING has to deal with the needs of the SELLER while MARKETING if focused on the NEEDS of the BUYER.
- You sell something, because the company needs to make a profit, you market something as a solution to a problem. These two are tracked differently as well. You track sales by profits and marketing by the customer’s satisfaction.
- Marketing is the art of communicating to vast amounts of people, in a simple and easy way to understand, what your product or service is and how it can make their lives better.
Being a master marketer alone could be enough to make you rich.
ABILITY TO MOTIVATE & INSPIRE OTHERS
There is another quote which I love that says:
IF YOU WANT TO GO FAST, GO ALONE!BUT IF YOU WANT TO GO FAR, GO TOGETHER!
This isn’t a sprint, this is a marathon. You need a team of people who believe in the same vision enough to share the journey with you. The good and the bad parts of it. People follow strong leaders and if you want to do great things you need to become one. Hopefully you’ve still got your piece of paper with you rankings from 1 to 5. Your ability to inspire and motivate others can dramatically increase your chances of success. A solid team is stronger than any single individual.
People are inspired by your example, so show them that you are willing to go through hell for your goal and those who will think your goal is worthy, will join in.
The best thing to do in order to become an inspiration is to be genuine.
Remember this: you can make all the money in the world and still end up broke. Making money is important, actually is really important, but that’s just the first part of it.
The second one is what you do with it after you get it. This can make you or break you, so it’s important for you to be a good Patron to your money. You need to take care of it and help it grow so you can use it later for the things that really matter.
Think of your money as little soldiers. Do not just give your army away in exchange for temporary things, instead let them go out into the marketplace so they can return with more prisoners. That’s how your army grows.
Getting rich is actually a lot easier than people think, if you’re willing to learn how to do it and put in the work. Most people assume that getting rich is just a matter of luck and they simply are not lucky enough. Money should be used in order to protect yourself. The more you have it, the better protection you have.
ABILITY TO BRING QUALITY PEOPLE AROUND
If there, I am talking about people who will open new paths for you. We’ve heard this numerous times – YOUR NETWORK IS YOUR NET WORTH!
ABILITY TO QUICKLY ADAPT TO CHANGE
IT’S NOT THE STRONG THAT SURVIVE, IT’S THOSE WHO ADAPT THE QUICKEST!
The world is changing faster than ever and with it so do the rules. Your ability to learn, connect dots that didn’t exist before and use everything to your advantage is what will determine if you can outlast this storm. How many people you know who’ve build incredible businesses but failed to adapt and now their empires are gone.
Remember when Yahoo didn’t want to buy Google for 1 million dollars. Yahoo remembers.
In the words of the great Stephen Hawking – INTELLIGENCE IS THE ABILITY TO ADAPT TO CHANGE.
If you get better at even half the things we’ve mentioned on this list you’re off to a great start and I genuinely wish you the best of luck in your journey.