Anyone who knows me knows that I detest ultra-frugality — otherwise known as the lifestyle of clipping coupons and sacrificing things like lattes for the sake of saving money. Most people don’t become rich because they don’t have a proven plan.
This is especially true if you start your own online business. This is my all-time favorite answer to the question “how to become rich? ” I’ve always believed that there’s a limit to how much money you can save — but no limit to how much you can earn. If you’re interested in learning how to boost your income for life, check out my Ultimate Guide to Salary Negotiation (it’s free). It includes HD videos, word-for-word negotiation scripts, and walks you through each step in the process of getting a raise. Unlike a lot of people you see in the personal finance world, I’m not ashamed of how I spend lots of money on things I enjoy like eating out, traveling, or nice clothes.
Take my earning potential quiz and get a custom report based on your unique strengths, and discover how to start making extra money — in as little as an hour. With an online business, you can reach millions of people on the internet every day while scaling your product to help you earn millions online. Start an online business and reach millions of people all over the world.
Don’t let anyone give you the idea that you need to skip your Starbucks coffee and save $5 a day and that will somehow turn into a fortune. Too many people out there are providing ridiculous ideas on how you can become rich.
I’ll show you excatly what steps to take to become rich. With passive income, you can create cash flow without even having to get out of bed in the morning.
Learn about the different types of passive income so you can start to build your net worth beyond what’s possible with a 40-hour workweek. Properly invested in interest-bearing savings accounts and stocks, these funds can generate passive income, which is a key component of how to get rich. Identify which debts should be paid off before you invest and tackle those debts first. Second, make saving and investing the highest financial priority in your life.