Simple Secrets to Get Rich in 5 Years

 In Personal Finance

Get Rich

No one wants to work for nothing. We all have a goal of building our wealth, whether you want to retire comfortably or want to break out of the game altogether. After all, there are so many amazing things you can do once you become a millionaire.

However, if you don’t get rich, you’ll never be able to do them. Not only that, but you’ll find yourself shackled to the success or failure of your employer – not a place you want to be.

Of course, that begs the question of what you can do to get rich. There are plenty of answers out there, but they’re not all correct, and they’re not all applicable to you and your situation. With that being said, it doesn’t have to be a struggle.

Plenty of people with the willingness to explore and put in hard work have struck it rich, like MJ De Marco, or Mark Cuban. Let’s explore a few of the simple secrets to building serious wealth in as little as five years.
saving for retirement

Realize That “Save and Invest” Is Bunk

The most common piece of financial advice you’re going to receive is that you need to “save and invest” to build your wealth. However, that’s actually not going to help you get rich.

All it will do is let you pay into the broken system. That “save and invest” advice comes from the same people that gave us Social Security, and you know how broken that system is.

Why would you ever put your faith in those people? While it’s important to have money stashed away for a rainy day, those who truly want to get rich know that they have to get out there and put their money to work on their behalf, not hide it away in a savings account, CDs or the like.

Master Sales Options to Get Rich

We don’t mean that you need to become a salesperson – there’s no need to head down to the nearest used car lot and hock your soul in exchange for a commission. No, what we’re talking about is mastering the modern explosion of sales platforms.

There are myriad options out there today that can help you connect with people who want to buy whatever it is that you’re selling. You can sell through eBay, through Etsy, on Craigslist, through your own website, through Amazon, through Google and dozens of other places.

Consider Affiliate Marketing

Affiliate marketing isn’t new, but it’s surprising to see how many people are unaware of this method of making a passive income online. Really, it boils down to choosing a few affiliate products or programs and then letting people know about them.

You build a website and populate it with compelling content, including links to the products or programs you’ve chosen. When someone clicks on a link, you earn a commission.

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Recapture Lost Time

It takes time to get rich, and for most of us, it seems like our schedules are already chock full. However, that’s an illusion. One thing that you’ll need to master in order to build wealth is the art of recapturing lost time.

To do that, you’ll need to get pretty adept at seeing time sinks in your daily and weekly routines, and then being able to repurpose that time for something that helps you build your wealth.

There are plenty of potential examples of lost time – binge watching that new show on Netflix. Coming home from work and sitting down on the couch, when you could be building your business and growing your wealth. Even spending 15 minutes on the train ride home playing a game on your smartphone is time that could be used for something more valuable. Yes, you need time to recharge your batteries, but most people waste a great deal of their lives doing literally nothing.

Go Freelance

Think that freelancing isn’t a way to get rich? Think again. More and more people are finding that they have in-demand skills and expertise, and that clients are willing to pay very well for their work.

Almost anything can translate to the freelance world, too, from copywriting to web design to things like customer service and interior design. Really, if you’re a skilled professional willing to put in some online legwork, the sky’s the limit here.

Give Value

This one might sound nebulous, but it’s actually the most important secret on the list. Create something that others want, or invent something that does what your potential buyers need. Create value and then deliver it to your customers.

Make an improvement to something that people use every day. The marketplace is chock-full of living, breathing examples of people who’ve been able to create something that gives value and who have had wealth come to them.

Consider just a handful of the success stories that have been highlighted on the TV show, Shark Tank. Two teens managed to sell a quarter of a million dollars of product in under two years. A young 20-something managed to gross over $200,000 in just a single year with a startup food business. While living in her in-laws’ basement, Rachel Neilson grossed $2 million in her business’ second year.

These are all prime examples of one thing – giving people something of value. It doesn’t have to be the next iPhone. It doesn’t have to be an earth-shaking renewable energy technology.

In fact, some of the most profitable business ideas are small, but they make a big difference in the lives of consumers. The point is that you don’t need to be a brilliant businessperson to get rich. Some of the greatest success stories started with literally nothing – no money, no business plan, and no backing.

If they can do it, so can you. As Mark Cuban said, “You only have to be right once.”

Whatever you decide to do to get rich, remember that giving value is the primary goal. Without that, all your efforts are for naught.
saving for retirement

Sergey Sanko
Sergey had started an IncomeClub after years of being an investment advisor for high affluent investors and managing fixed income securities. He is the lead investment advisor representative and holds a Series 65 license. Sergey earned his Executive MBA degree from Antwerp Management School.
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