15 things you can do today to build wealth in the future


SUBMITTED BY: Presh

DATE: Oct. 20, 2017, 11:35 p.m.

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  1. e greatest reward in becoming a millionaire is not the amount of money that you earn. It is the kind of person that you have to become to become a millionaire." ''Jim RohnMost people wish their circumstances would magically change for them. They don't have the desire to become better themselves so they can proactively improve their own circumstances.Unlike most people, who simply wait and wish for luck, you can seek to become the kind of person equipped with the skills and abilities to do brilliant things.You can become the kind of person who does highly influential work. Your work can solve pressing problems, improve people's lives, and get noticed by important people who share your work not for your sake, but for theirs! Sharing your work makes them look good because of how great it is.The quality of who you are as a person, and the work you do, is completely within your control. But you can't wish for it to happen. You must become the kind of person who naturally attracts the success you seek.Here's how:SEE ALSO:9 things to do in your 20s to become a millionaire by 301. Invest at least 10% of your income in yourselfIf you don't pay for something, you rarely pay attention.Most people want stuff that's free. But if you get something for free, you rarely prize that thing. You rarely take it seriously.How much do you invest in yourself'How committed are you to yourself'If you aren't investing in yourself, than you don't have any skin in the game of your own life.If you aren't invested in your business, you probably won't do high quality work.If you're not invested in your relationships, you're probably more focused on what you can get than what you can give.When it comes to self-improvement, investing 10% of your income on yourself will yield a 100X or more return on that investment. For every dollar you spend on your education, skills, and relationships, you'll get at least 100 dollars back in returns.If you want to do something extremely well, you need to surround yourself with the right mentors. Anything that you'll ever do well will be the result of high quality mentoring. If you suck at something, it's because you haven't received quality mentoring in that thing.The best mentorships are the ones where you pay your mentor. Often, the more you pay the better, because you'll take the relationship far more seriously. You won't solely be taking in that relationship. You won't purely be a consumer. Instead, you'll be invested, and as such, you'll listen more carefully. You'll care more. You'll be more thoughtful and engaged. There will be higher consequences for not succeeding.I invested $3,000 to get help writing my first book proposal from a highly successful writer. That $3,000 got me maybe 4 or 5 hours of his time. But in those 4 or 5 hours, he taught me what I needed to know to create an amazing book proposal. He provided me resources that dramatically enhanced and sped up my process. With his help, I was able to get a literary agent and eventually a multi six figure book contract.Had I been overly concerned about the $3,000, I'm confident that to this day, I'd still not have written a book proposal. At the very most, I'd have written a terrible one. I would not have been as motivated or invested, so I would have been far more likely to procrastinate needed action.If you don't have much money, surely you can afford to buy a book. How much money and time do you spend on entertainment, clothes, or food' It's a matter of priority.It's only when you invest in something that you have the motivation to make it happen.Beyond mentorships, you should invest in education programs such as online courses, books, quality products such as food and sleep.Your level of success can generally be directly measured by your level of investment. If you're not getting the results you want, it's because you haven't invested enough to get those results.Your number 1 investment must be yourself.Who you are determines: the quality of marriage you'll have the quality of parent you become the quality of work you produce the level of happiness you haveHere's what you'll find when you financially invest yourself in something. You become very committed to that thing. Economists call this sunk cost bias. But you can leverage this to your benefit. If you want to escalate your personal commitment to something, invest heavily in that thing.Eventually, it will become a point of no return.You'll become so fiercely committed that withdrawing will seem ridiculous.Hence, you'll need to truly know WHAT you want and WHY (see #14 below). If you don't know these things, then over-committing could be a huge and irrational problem.However, if you are certain about WHO you are/want to be, WHAT you want, and WHY, then you need to invest yourself.2. Invest at least 80% of your "off" time into learningMost people are consumers rather than creators.They are at work to get their paycheck, not to make a difference.When left to their own devices, most people consume their time as well. It is only by investing your time that you get a return on that time.Nearly every second spent on social media is consumed time. You can't have that time back. Rather than making your future better, it actually made your future worse. Just like eating bad food, every consumed moment leaves you worse off. Every invested moment leaves you better off.Entertainment is all well and good. But only when that entertainment is an investment in your relationships or yourself. You'll know if it was an investment if that entertainment continues to yield returns over and over in your future. That may include positive memories, transformational learning, or deepened relationships.Even still, life isn't purely about being entertained. Education and learning is also key. And although both are essential, education will provide far greater returns in your future.The world's most successful people are intense learners. They are hard readers. They know that what they know determines how well they see the world. They know that what they know determines the quality of relationships they can have and the quality of work they can do.If you are constantly consuming junk media, how can you possibly expect to create high value work' Your input directly translates to your output. Garbage in, garbage out.3. Don't work for money, work to learn"When you are young, work to learn, not to earn."''Robert KiyosakiJust as a large majority of your down-time should be spent learning, so should a great deal of your "working" time.Wealthy and happy people work to learn. Unsuccessful and unhappy people work primarily for money.Only 20% of your energy should be spent doing your actual work. The rest should be spent learning, improving yourself, and resting.It is by "sharpening your saw" that you'll continue to become a better and more capable person. Thus, as you dedicate large portions of time becoming a better thinker, communicator, and better at your craft, the quality of your work will continue to increase. Eventually, you'll be able to charge VERY VERY high fees for your work, because no one else can do it like you.When you prioritize learning and recovery, then during the hours you are actually working, you'll be in a deep flow state. You won't be distracted like most people are when they work. You're either 100% on or 100% off. While working, you can get more done in a few hours than most people get done in a number of days.Your time is spent well because your priorities are clear, you're well-rested, and your mind is stimulated.

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