TOP 5 Ways to attain Wealth

Who is Grant Cardone? He was a drug addict that rehabilitated at 25 years old. Like average youth, wasted his time and life on non-essential activities.



Pic 01: Bestseller Book

Fast forward, today at 58, he has net worth over USD350 million. Well, there must be something to learn.

According to him, here are FIVE Top Ways:

1. Invest in you
Successful people invest time, energy, and money in improving themselves. A man told me once, "The best way you can help people in need is to not be someone in need." Help yourself out so you are in a position to help someone else out. This means investing in yourself to become great at something.

I invested in sales training when I was 25. That made my income-producing ability skyrocket. Investing in yourself is the best investment you can make.

Use this trick to get rich, says self-made millionaire   

2. Find a job in the right vehicle
The rich are able to get in with the right company where there is opportunity for growth. My VP of sales Jarrod Glandt started working for me over seven years ago for $2,500 a month. He wasn't making anything but he was in the right vehicle. He grew his skill set and was able to multiply his monthly income many times over because he knew I was looking to expand.

Too many people just look for a job. You need a job, but you need the right vehicle. All companies live from this thing called revenue. Get commissions rather than just a salary and you will finally be in control of how much you earn.

 Starbucks CEO Howard Schultz greets employees and others at one of the company’s locations in Charleston, S.C., June 19, 2015.

3. Get great at what you do
Commit to being great, not just average. Any industry can be a painful profession for average and bottom performers, but massively rewarding for those that are great. Those that live, breathe, and eat their profession, those that are obsessed, become great.

I have never met a great who wasn't all in and completely consumed by their trade. Have you?
The fact is, if you aren't great, you are average. The rich get great.

 

Invest in marketing and communication skills.

4. Get multiple, connected income streams flowing
You won't get rich without multiple flows of income. That starts with the income you currently have. Increase that income and start adding multiple flows.

You want what are called symbiotic flows. Do not just add disconnected flows. Instead, find other ways you can add income to the job you already have. My video guy does advertising for me — and after proving himself, he started making advertisements for those connected to me. He didn't start a doughnut shop.

Too many people go from one flow to a second flow, resulting in two flows that do nothing. Your flows should always be connected.

"Saving $100,000 shows that you have an ability to make money and keep it. Most people can't do either."

5. Hit $100K, then invest the rest
First, try to save $100,000. Why? You need to prove to yourself that you can go out and get money. If you only have $10,000 saved, your only priority should be increasing your income so that you can save more.

Saving $100,000 shows that you have an ability to make money and then to keep it. Most people can't do either of those things.
 
Once you can earn and save, then you can start building wealth. I'd recommend multi-family real estate if you are conservative like me. I never looked to get rich quick, but I did look to get rich.

Source: Grant Cordon, 2017, https://www.cnbc.com/2017/01/05/self-made-millionaire-here-are-5-ways-to-get-rich.html.

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While it is important to work hard, it is even more important to find the right vehicle to position yourself to make multiple source of income.

To be successful, we need to be focused on our priorities. Are we willing:

•  to make sacrifices?
•  to learn new skills including non-accounting knowledge?
•  to come out of our comfort zone? Which later you will find out not so comfortable after coming out.
•  to develop new habits? 

I know of real estate agents who invest in properties following their key clients who are expert in the area. Fast forward 20 years, they have wealth.

Wealth is different from riches. Well, that would be another day, another topic.

Tell me what you think, putting your opinions below.

Appreciate, professionalism in your language used. No profanities, prejudices or political sensitive remarks please.