Do you want to be rich? I thought so. We may all have different definitions of the word, but who doesn’t want to be rich on some level? Who wouldn’t want to be able to enjoy more experiences, not worry about money, and help more people?
I recently recorded an interview with Austin Netzley of the YoProWealth Podcast. Follow me on Twitter and I’ll be sure to share it with you when it airs. Afterwards, I asked him to share with you the first steps to becoming rich…actually the pre-steps, if you will. So here are the two things to do before you become rich.
Everybody wants to become rich.
We all want to become rich with experiences, and most people want to become rich with money as well.
This post is about money and becoming financially rich.
But before you do so, there are two things that I’d suggest you do…
1. Become A Better You
People often say, “When I get X amount of money, I’ll be happy.” Or, “When I have this, I’ll do that.”
But, I will tell you a secret. Are you ready for it?
When you get a lot of money, nothing changes.
Miserable people with money are really miserable. Happy people with money are really happy.
The time is now. The time to be a better person is now. The time to do/be __(enter your desired action or result)____ is now.
Money makes you more of who you already are. That’s it.
Nothing else changes.
So, you want to live a better life when you become rich? Start living a better life now.
We often talk about wealth on my podcast, and the answer is always the same: wealth is so much more than finances, and you can be wealthy without much money. You can be extremely wealthy now.
Money is just a tool, and it does make things easier, but it also really amplifies who you are in your core. Make sure that that is a good thing.
2. Build Your Foundation
A big fancy house built on quicksand isn’t much good.
We are impatient creatures. We want to jump straight to the top. We want to get rich quick.
But I’ve learned from so many that there is no such thing. I’ve learned that you need a strong foundation before you build a skyscraper on it.
Otherwise, your financial tower will crumble to the ground.
Take lottery winners for example…
Lottery winners often:
A. are much more depressed than they were after they win the lottery than before.
B. end up becoming broke again.
Why?
Because:
A. they are already depressed and sad and not living a good life before they win the money (remember money amplifies who you are)
B. they don’t have a foundation; their money thermostat is set on being poor.
Do these two simple things, and you’ll not only enjoy your riches, but they’ll last.
| Action items: 1. Become a better you starting now. Don’t wait for something to happen, because it doesn’t change anything. Start living a wealthy life, and the money will come. 2. Learn the fundamentals of what you want to become. Do you want to become financially wealthy? Learn the fundamentals of wealth. You want to become a better leader? Learn the fundamentals of leadership. Build that base and you can build on top of it… And it will last! |
What would you add? What do you need to do before you become rich?
About Austin: After spending 5 years in the corporate world, Austin Netzley decided to step off on his own and follow his passion: building wealth and helping others do the same! You can learn more about him on the YoProWealth site.
|
|
Set boundaries before your get rich. Money brings everyone out of the woodwork. If you didn’t set boundaries before, you’ll be hammered by people pestering and hounding you for your money.
Amen! Think about how many posse members end up hanging on new NFL players. Crazy. No wonder they often end up broke in five years.
So I take it you’re saying no to my $10K request, Josh? 😉
That is mostly a boundary that is set by our financial situation. While not a bad situation, just not that good yet. 🙂
AWESOME post, Matt. I can’t wait to be rich to help more people out than I do now. But I’m working on becoming a better me and doing it for the right reasons.
You’re doing it in the right order! Keep it up.
Get organized. Having money complicates things – investing decisions, tax complications, and waaaay more mail to deal with.
Good ones. I wish I had known more about accounting and investing before needing to know them. Could have saved me a lot of headaches and a lot of money.
Matt, this is timely and important post. There is a reason why so may lotto winners end up broke. It’s not about the money it about the journey and lessons learned accumulating the money. Thanks.
Jim Rohn said to become a millionaire, not for the money, but for who you must come to do so. Always loved that.
Love this post!! It’s easy to get caught up thinking that money will solve all of your word. Thanks so much for sharing these tips Austin! Sound advice for us all!
Absolutely, my friend! Thanks for the comment @marksieverkropp:disqus!
Sure thing! Love seeing you sharing your knowledge in new circles!!
Give more now. Outrageous Generosity is a habit of the wealthy- Dave Ramsey
Agreed, @LadyMcKermit:disqus!