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5 Wealth Creation Strategies That the Average Joe Overlooks

By : Ziad Abdelnour| 8 March 2021
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Everybody wants to be wealthy, but the overwhelming majority of people refuse to adopt wealthy habits. Everyone is so busy trying to impress the next person. This is a poor man’s mentality and is simply stupid. If you want to build real wealth, it’s time to come to terms with the reality of things. The reason people become wealthy is that we have a different way of thinking. We don’t care about pleasing the next person. We take charge of our own lives and live them unapologetically. So, what’s holding you back? Here are 5 things you need to start doing today.

Stop Rushing the Process

The average Joe wants to get rich quickly. These people want it all, right away and unfortunately, these are the fools that fall for all the get rich quick schemes. But, there are no shortcuts to creating wealth. It takes time, dedication, patience, and perseverance. If you really want to obtain insane wealth, you have to go step by step. Generate money, invest your money wisely, and be patient. Let time work in your favor.

Stop Trying to Look Rich

Buying expensive smartphones, wearing all designer labels, wearing luxury watches are a poor man’s dreams. People with real wealth rarely look “rich.” Of course, we can afford it and may even enjoy purchasing some of these items every now and then. But who really cares about all these fancy things if your bank account doesn’t match? Who exactly are you trying to impress? Take Warren Buffet for example. One of the richest men in the world and he still lives in the same house he bought in Omaha, Nebraska in 1958 that he purchased for $31,500. When asked why he has never moved he says: “I’m happy there. I’d move if I thought I’d be happier someplace else.” The point is, he didn’t go out and buy some huge mansion to fuel his image and impress other people. He chose to live in a place that HE was happy in.

Stop Thinking Your 9-5 Will Create Real Wealth

Hate to break it to you, but that 9-5 is not designed to help you create and sustain wealth. You work hard every day, you put in overtime, you give up all your time and ultimately it’ll be your boss that gets the real money here. While working 9 to 5 is a great way to build up your initial capital, sooner or later you will have to find a way to create passive sources of income for yourself. You should be able to make money without having to physically be there. Real wealth creators can find ways to generate money, even in their sleep. You should have multiple streams of income flowing in. This is key to creating wealth.

Stop Holding Your Cash

Cash is quite useless, especially in today’s day and age. If you hold on to your cash, how can you ever use it to generate more money? And with the infinite devaluation of the U.S. dollar, you must invest your money or else monetary inflation will hit you hard and leave you with nothing. The ultra-rich have long understood that “cash is trash” to use an expression of Warren Buffett. This is why you always hear wealthy people tell you to invest. It’s not about playing around in the stock market, it’s about putting your money in a place where it can retain and even grow in value.

Stop Viewing money as the End All, Be All

Money is great and all, but it is not what defines wealth. Real wealth comes from having a greater purpose. For me, wealth is all about empowering people. For others like Elon Musk, for example, it may be creating a revolutionary product that will forever help and change the world. The point is, there has to be an internal driving force that drives you other than the fact that you want to make money. Have a bigger purpose and the money will follow.

So you see, while these wealth-creating strategies are no secret, many people choose to blatantly ignore them. This is why people will stay poor and stupid. But if you’re smart, you’ll take note and begin making changes today. It’s really simple once you break it down. Put in the time, do what makes you happy, create multiple streams of income, invest your money and find your purpose. Once you get into the habit of doing these things, you’ll be on your way to a life of insane wealth and fortune.