How To Become The Richest Man In The World -Pt. 1
Have you ever asked yourself, “how can I become the richest man in the world?” or maybe you just asked yourself “how can I become rich?” Everyone has dreams about waking up to see a pile of money in their room or maybe a mysterious person crediting their account with lots of money. People want to become rich overnight.
A lot of people are looking for ways to get their first 1 million, or ways to invest for greater returns. Some are trying to succeed in their various businesses. Everyone wants to have enough money to buy different things without worrying about “insufficient funds”. But not many know how to become rich. How do you become rich?
What Does It Mean To Be Rich?
I feel that being rich is a state of mind. In a sense, you could be rich but still poor, and you could be poor but still rich.
The word “rich” can be defined in different ways. Most people consider it as having a lot of money. For them, being rich is about being a millionaire or billionaire.
Being rich can also be psychological. It is an achievement of being able to live without worrying about money. You don’t necessarily need to own a castle to be considered rich. Everyone can be rich as long as you can do what you desire freely and have fulfillment in life.
The key to it is to live within your means. To be satisfied even when you are financially capable to do a lot more. Nevertheless, everyone has their point of view. You might prefer one definition to another but here are ways to become the richest man in the world. Who knows? You could achieve both types of richness.
Steps To Follow To Become The Richest Man In The World
1. Be better than others
Make it your goal to do things better than others. Improve your existing skills and ensure you acquire new skills. You will achieve a lot when you fully utilize your skills. It is more likely for you to reap considerable rewards from something you are good at.
When you are good at something, opportunities come to you. If you want to become an expert in something, you should never stop improving. Successful people their money, time, and energy to improve themselves, and it might just be the most rewarding investment you can ever make.
First, you have to figure out what skill you want to cultivate. Next, make a list of the world’s ten best people at that one thing, and use this list to define criteria and track your progress toward becoming the best. Invest your time and energy in improving your craft, by looking at successful past models.
2. Commit yourself mentally
Getting rich starts with your mindset. Before you start accumulating wealth, You need to believe that you really can accumulate wealth. This basically means you should have an “I Can” mentality
If you want to change the fruits, you will first have to change the roots. If you want to change the visible, you must first change the invisible~ T. Harv Eker
Being confident and believing in your self-worth is necessary to achieving your potential.~ Sheryl Sandberg
3. Increase your Income Streams
Everyone wants to get rich fast. But a goal like “Being the richest man in the world” isn’t something you can easily achieve in a short time. Instead of thinking of how to get rich fast, aim at saving $50K first.
The little amount of money that you save daily is powerful. You might only be able to put away $5 or $10 at a time, but each of these investments is your financial foundation. For this, you need to have a good knowledge of savings and investment.
You need to make money before you make more money. Once you have done the math and realize how real it is to get super-rich, you need to focus on increasing your income streams. After all, millionaires tend to have at least three sources of income.
In the world today, there are so many ways to increase your income. There’s affiliate marketing, you can become an influencer, you can start blogging, you can become a freelance writer, etc. Additional streams could also be real-estate rentals, stock market investments, side businesses, or part-time jobs etc.
Set savings goals and routines to support those goals. Different things work for different people. Figure out ways that work for you in saving money, and refine what doesn’t.
Also, motivate yourself and give yourself reasons to keep saving. Remember that consistency is key.
A lot of people don’t know that you can actually earn from saving. If you want to earn from saving. I recommend that you use any of the following platforms:
Piggy Vest is a very secure online savings platform that makes saving possible by combining discipline plus flexibility to make you grow your savings. It is an online platform that helps people save money to meet their goals. It also offers people the opportunity to invest their money in various ventures and get up to 25% return on investments for as little as 8 months or more. Saving money attracts up to 13% interest. They are widely regarded as the biggest online savings and investing platform in Nigeria.
Cowry Wise helps Nigerians save and invest money regularly.
It is a wealth management app, licensed by the SEC, that enables you to plan, save and invest money easily.
With direct access to the largest pool of mutual funds in Nigeria, you can build your savings and investment portfolios, manage your money securely and build a better financial future.
Kuda Bank is the bank of the free.
You can open an account within a few minutes, track your spending, save more, and make the right money moves.
When you become a subscriber, you get a free debit card and can send money with no charges, and even receive 15℅ interest every year when you save automatically.
Hope you enjoyed this post 🙂 Watch Out for the Part 2 of “How To Become The Richest Man In The World. Don’t forget to leave a comment below!