There are 3 ways to become wealthy. Here they are, starting with the easiest.
1. The easiest way to get rich is to be born into a wealthy family
Examples here include Seth Godin and Sir Richard Branson. Being born into a wealthy family, you get the benefits of growing up in a financially stable environment, with family members who can support you and make sure you go to “the right” school or university. Seth, for example, went to Stanford.
With financial support and a place at the right university, you’re free to make world-class connections. These connections are priceless in adulthood, when you have a project to fund or business to sell, etc.
When we look at all the wealthy families, who have passed wealth down through many generations, we see how family wealth cascades down to more family wealth.
Clearly, the lottery of birth means we can’t choose what kind of family to be born into. On the subject of the lottery, let’s look at the second easiest way to get rich.
2. Win millions on the lottery or inherit a fortune, etc
This is less easy than being born wealthy, because you have no experience of dealing with huge sums of money. It’s also why so many lottery winners end up broke, despite advice from financial experts.
Without the advantage of growing up in a wealthy family, the average lottery winner needs to quickly learn how to think like a millionaire. Many do, but sadly, many don’t and lose everything. Here are some examples of lottery winners who went broke.
The challenge with this second route to getting rich, is that you have very little chance of winning millions on the lottery. So, let’s look at the third route to wealth, which is also the most rewarding and most realistic route.
3. Earn every darn penny!
This is the situation most people reading this started from, including myself. We need to accept that it will be easier said than done. We need to start from zero, make our own contacts, build our own bridges, work smart, work hard… all without any guarantee of success or a rich family to fall back on.
You know what though? We can do it!
It’s harder without all the money and contacts, but it’s possible. We see examples everywhere, of people who started with no money, no contacts, no influence, yet become happy, wealthy people. I know dozens of people who fit into this category and they are all inspirational.
There’s literally no limit on what we can achieve. Yes, literally! Remember, Steve Jobs was born into an average income family, dropped out of college and never won the lottery, yet he built the world’s most valuable company. Steve Jobs was exceptional. I only use Jobs as an example, because he proved that there’s no upper limit on what we can achieve.
The recipe for the 3rd easiest route
Time and again, I have found that the most successful business owners had the following in common. It looks something like this:
- They decide what they want.
- They do the research.
- They plan it out.
- They commit to do whatever is required, not just the things they’re comfortable with… EVERYTHING!
- Then they get to work. They adjust as required along the way, but commit to doing whatever it takes.
Yes, it’s easier said than done. This is true of everything of value in life. Also, we’ve established that unless you were born rich or have won the lottery, the easy route isn’t an option.
However, the very fact that it isn’t easy is what makes it so valuable.
That’s what places this amazing opportunity right in front of you, right now!