Do you Want To Be Rich?
Then Give Up These 4 Things;
Most people focus on what they need to add to their life to become rich, what may be even more important is what needs to be removed to become rich. The actions you take is the principle of addition in your life.
The things you stop doing is the principle of subtraction in your life.
Yes, there are things you must do if you want to become rich but their are also things you need to stop doing now that are holding you back from every even doing the right things.
1. Stop Allowing your Location to limit you.
Where you live can set the trajectory for your life as it plays such a huge role because of the influence on you from the people you hang around and the opportunities you’re given. You must go to where the opportunity is.
If you want to pursue a path that will make you rich then you must go to it, be open to moving for geographic opportunity when needed.
The internet has also enabled people to be on digital platforms where they can build wealth.
If you want to make videos be on YouTube, Instagram and Tiktok.
If you want to be a writer start a blog and tweet daily.
If you want to be a podcaster pick the most popular platform for your niche.
Be open minded that there is a whole world of opportunity out there and don’t
be bound by your family or friends to live a financial life at their level.
You must be ready to broaden your horizons.
2. Get off the hedonic treadmill.
This is also known as hedonic adaptation, it is the observed tendency of humans to quickly return to a relatively stable
level of happiness despite major positive or negative events or life changes.
The trap that most people fall into is the hedonic treadmill of material consumption. People work a job to make a living but as they increase their bills their job becomes their life. People become
trapped in big house payments, car payments, day to day expenses and debt and must work harder and harder in their careers just to pay their bills.
If you get into a situation where you need every paycheck to pay your bills you will never have the time and energy in your life
to build wealth. A lot of entrepreneurs start out as minimalists so they can use all their money to fund their business. You can get trapped in bills so deep that you don’t have the opportunity to try to get rich because you rely on your paycheck for bills.
If you get lost in your career and bills that will be your path and not getting rich.
3. Stop wasting your time on things that don’t matter.
Stop caring about things that don’t matter for your own wealth building. We all have limited resources of time, energy, and money
so they must be invested wisely if we want to create cash flowing assets, place good trades, make investments, and get rich.
If you invest too much time in your hobbies like sports, recreation, and entertainment you will not have the time to invest it in learning how to get rich
Hobbies can be a part of a well balanced life but they should not be a focal point if you want to build wealth.
Your priorities will determine whether you will eventually become rich. If you want to see what your priorities are through your actions then you should rank them
in order of how you spend your money and time.
4. Remove destructive temptations from your life.
The best way to remove temptations that will hold you back in your life is to eliminate them completely.
If you need to work on your business instead of watching television, get rid of the television.
If you want to invest in a stock or a crypto portfolio make it a process and do it . If you want to stop wasting so much money going out, stay in. If you want to stop blowing so much money in restaurants stop going and delete your delivery apps.
If you want to stop blowing so much money on drinks and clubs, stop it and stop going to the same club that drains your money.
You don’t have to be frugal or a minimalist forever just long enough where you can build enough cashflow to never have to worry about money again.
If you want to be rich, you must be willing to do whatever it takes in a positive way to accomplish that goal, Don’t let bad habits, people, and your own behaviors stop you from being rich once you identify the right path to wealth for you.
If you learnt something from this , kindly let me know in the comment section , you can also ask questions if you got any and please kindly share this thread
In our increasingly digital world, parents want their kids to become computer-literate — and why wouldn’t they? Learning to code doesn’t just set students up for career opportunities later on in life; it also provides a host of soft skills and benefits that we will cover in
in this thread, But when should they start learning?
I started learning how to write codes at the age of 14 when my late father enrolled me into a computer school with an NIIT trained expert and that training opened up my brain and thinking faculty to a whole new level ...
As it turns out, most professional developers started learning their trade early in life. According to Stack Overflow’s 2020 Developers survey, over 54 percent of professional developers wrote their first line of code by the time they turned 16.
One moment you learn about cryptocurrency, the next time you’re losing money like crazy. It can be nerve-racking. Still, cryptocurrency is an interesting venture, and currently, its craze is growing like wildfire. As a venture that is gaining so much attraction and acceptance
globally, it is done based on sound principles and practices. This applies to all, whether newbies or existing traders. Neglecting these principles can wreck you financially.
Always remember, the crypto market does not forgive even an honest mistake. Fortunes have been made
from crypto trading and fortunes have been lost. By following proper trading strategies, you are protected from making silly mistakes that could cost you. As a crypto trader, if you want to make the most of your investment, here are 5 silly mistakes you must avoid.
The way some traders who get bearish on bitcoin talk on the short term like we have never been here before ? They talk this bearish case like that is the end for bitcoin , imagine 2018 dips making you feel you would never see $69k in 2021.. you all chill out there ok ?
I am all for trading whatever the market brings whether bull or bearish move, I have traded several seasons in this market to be carried away with so much panic and fear. Bitcoin has not even done bad wirh a ranging price action between 30s to 40s in the last few months.
2022 Macro economics and global market has been bearish with interest rate, russia/ukrain war, uncertain times ,oil price, Nasdaq etc, you really do not need a long chart to tell any one how bearish markets have been this year. Just learn how to trade and manage your risk/capital
Some people will continue to fail in making money online because
1-They listen to negative people who tell them about everything wrong eith making money online.
2-They are looking for how to blame course creators for not holding there hand or whatever that means even after
sharing knowledge in the video course they bought, see mentorship is never cheap and it will never be so cheap if you choose not to be responsible for your successful.
3- They believe any one making money online must be doing it with scams... those of us who have handled great
results and enjoyed financial freedom becauee of the internet cannot even see the reason why people should go about scaming just to make money.
4- Alot of people still have a scarcity mentality, I broke this chain early, well maybe with the way I was raised and yes with certain
The mistake many of you are asking is waiting for 2x 5x 10x... lol you will be frustrated in this ranging market, what makes you a winning trader is the ability to adapt to trading conditions in the market ,if don't know how to do this 10 20 % gains then you are among those 2021
Spoil set of noons who came into crypto thinking everyday is a pump and that is why many of you are getting frustrated with the market , even with your NFts you will think its all that will pump 4x floor price when yoi buy?
Learn how how trade and make money with those 20% gains
And compound it over time.
While you are trading and making those gains,you can be confident enough to be stacking for long holds that can pull those 10x when the full bull comes back.Moreso i like yoi to know that bull market does not mean seeing 10x moves and gains all the time