4 steps to become rich

4 steps to become rich
There are no “secrets” to getting rich overnight. But there are proven systems to get rich.
Step 1: Invest early and often to become rich
The single most crucial thing you can do to ensure your financial future is investing — and the sooner you start, the easier it is to get rich.
This isn’t BS. There’s more than 100 years of evidence in the stock market that suggests this.
Still don’t believe me? Let’s look at a real world example of how to become rich by investing.
Step 2: Practice conscious spending like a rich person
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.
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.
And that’s all because I practice conscious spending. It’s the same system my friend uses in order to spend more than $21,000 on going out. I’d never tell you to skip on spending on the things that make you happiest. Just do so purposefully, and by avoiding the mindless spending that can come from disorganized finances.
Setting up the system might seem hard — but in the end, it’s all about:

1. Automating your finances.
2. Knowing where your money goes so you’re in complete control of the situation.
   Automating your finances allows your system to work for you and passively do the right thing instead of you constantly wondering if you have enough money to spend. Or, getting your credit card bill each month, shrugging, and saying to yourself, “Yeah, I guess I spent that much.”
   And it’s simple: at the beginning of the month, when you receive your paycheck, the money is immediately sent to where it needs to go through automatic systems that you have set up already.
   Some spending recommendations for your system:
   • 50%-60% Fixed Costs: This includes things like utilities, rent, internet, and debt.
   • 10% Investments: This includes your Roth IRA and 401k plan.
   • 5%-10% Savings: This is money that goes towards things like vacations, weddings, home down payments, and unexpected expenses.
   • 20-35% Guilt-free Spending: Fun money! Spend this on anything you want from nice dinners to movies.
   Step 3: Tap into “hidden income”
   I’m not talking about piles of cash buried somewhere in your backyard — this is the money that you can be saving right now by negotiating your bills.
   That’s right. With just a few one-time, 5-minute phone calls, you can save HUNDREDS a month on bills for your:
   • Car insurance
   • Cell phone plan
   • Gym membership (less likely but still possible)
   • Cable
   • Credit card
   It’s simple too — there are only 3 things you need to do to negotiate with these companies on fees and rates:
3. Call them up.
4. Tell them, “I’m a great customer, and I’d hate to have to leave because of a simple money issue.”
5. Ask, “What can you do for me to lower my rates?
   Step 4: Start your own 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.
   This is especially true if you start your own online business.
   From my years of experience not only running my own business but teaching scores of people to start their own as well, I’ve found that there are two great ways to start a business:
6. Turn the skills you already have into a side hustle.
7. Start an online business and reach millions of people all over the world.
   Side Hustle
   This is one of the fastest ways to get started in business. By utilizing the skills and talents at your disposal, you can start freelancing and generating a steady source of income on the side.
   If you choose this option, you can quietly earn an extra thousand dollars a month on the side, like these students did.
   And the best part: you don’t even have to quit the job you already have.
   Online Business
   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.
   Don’t believe me? Check out just a few different ways you can make $1 million online.
   • 250,000 people spending $4
   • 100,000 spending $10
   • 50,000 people spending $20
   • 10,000 people spending $100
   • 1,000 people spending $1,000
   Could you find 1000 people to buy from you over the next few years? I think so.
   To start an online business, you need to choose from 6 different models:
8. Software (including apps)
9. Physical products
10. Advertising
11. Affiliate marketing
12. Coaching
13. Online courses
    Obviously, there’s a lot that goes into creating a business based on these models — getting traffic, building an audience, launching a product etc. — but it’s all completely doable.
    Plus you can automate your online business so once you frontload the work, the business keeps paying you again and again, even while you sleep.
    Over the years, I’ve shown thousands of students how to build businesses just like that.
    Every great business begins with a profitable idea. After creating 18+ successful products of our own, we’ve developed a system that guarantees your business idea will pay.
    If you’d like to see the system we’ve built — or if you just want to put your existing idea to the test — enter your name and email below.
    When you do, I’ll send you a free video that shows you how to find a profitable business idea in less than a week.