 10. Lifestyle changes to make if you want to become rich Becoming rich and successful is pretty easy. A simple formula to follow, earn more, spend less and save more. It sounds easy right? Of course. But how can anyone go about it? You see, it starts from the mind. You must be willing to put yourself out there, leave your comfort zone and head towards a riskier but more rewarding path. You'll need to get rid of some thought pattern and develop new habits to achieve this. Again, you need to understand that success is a learnable skill. This is according to T. Harve Ecker in his book, Secrets of the Millionaire Mind. If you want to be a golfer, you can learn how to do it. If you want to be a great piano player, you can learn how to do it. He said, adding that if you want to be rich, you can learn how to do it. Steve Ceobold in his book, How Rich People Think, wrote that to get rich, I had to learn to think like a rich person. Once I changed my thinking, the money started to flow. In this video, I'll share with you 10 lifestyle changes to make if you want to become rich. This, I believe, will help you become a successful person. If you're new here, consider subscribing so that you won't miss other interesting videos like this. 1. Generate two or more streams of income. If you're ever going to get rich, then one stream of income will never be enough to help you actualize that dream. You see, rich people focus on their net income, which is why they constantly seek their earnings. Hence, they do not depend on one source of income, even if it means starting a side business or taking up a part-time job. According to Thomas C. Corley, author of Change Your Habits, Change Your Life, 65% of self-made millionaires do not rely on one singular source of income. Corley discovered that they had at least three streams of income that they created before making their first billion dollars. Corley says, such as real estate rentals, a side hustle, or a part-time job. 2. Hang out or associate with successful people. Steve Ceobold said, In most cases, your net worth mirrors the level of your closest friends. Adding that, exposure to people who are more successful than you are has the potential to expand your thinking and cut apart your income. The reality is, millionaires think differently from the middle class about money, and there's much to be gained by being in their presence. Successful people know that by hanging around equally successful people, they'll keep learning how to become a better version of themselves, and also how to continually improve their net worth. According to Corley, wealthy successful people are very particular about who they associate with. Their goal is to develop relationships with other success-minded individuals. 3. Start reading a lot. One thing peculiar with every rich and successful person is their desire to keep learning. They are readers. For instance, self-made millionaire Warren Buffett spends at least 80% of his work in day dedicated to reading. Rich people value education to entertainment, which is why most successful people have their offices filled with books. They invest so much in books and other educative materials. Steve Ceobold said, Walk into a wealthy person's home and one of the first things you'll see is an extensive library of books they've used to educate themselves on how to become more successful. 4. Start doing uncomfortable things. If you want to become rich, you must be willing to step out of your comfort zone and do uncomfortable things. For instance, working two jobs at once just to improve your net worth isn't easy, but it's worth it in the end. Also, when you learn to become a master or an expert in your field, you're going to earn money because people are usually willing to pay money as long as they have been attended to by an expert. However, the process of learning mastery isn't an easy nor comfortable one, which is why you must be willing to do uncomfortable things if you want to become rich. To do this, you're going to dock Ceobold's suggested strategies. Make a list of the five things you must do today that are uncomfortable but will help you build your financial fortune. 5. Automate your finance. Once you start earning money, no matter how little it is, you will need to learn the habit of saving, which is easily achieved by automating your finance. To do this, make sure that money from your paycheck or check-in account is sent to your investment accounts every month before you even get the chance to see it. 6. Put your money to work. Invest. Always save money with intentions, otherwise you'll end up spending it. Grant Cardone, a self-made millionaire, said that the only reason to save money is to one day invest money. Adding that invested money is how you will get super-rich. You see, your wealth isn't measured by how much money you earn monthly but by the size of your investment. Ramesh Sesi said, on average, millionaires invest 20% of their household income each year. Their wealth isn't measured by the amount they make each year but how they've saved and invested over time. 7. Devote time to learning a new skill daily. Remember when we said you need to be willing to do something uncomfortable and also be willing to read and learn new things daily? Here's the point where you get into action. When you learn and develop new skills, you grow and when you grow, you expand your circle in abilities, which can eventually earn you a new, better-paying job or contracts. 8. Live below your means. Do not be so desperate to use every luxury item you find around. Cautiously spend your money and ensure that you live below your means. Grant Cardone said, I didn't buy my first luxury watch or car until my business and investments were producing multiple secure flows of income. I was still driving a Toyota Camry when I had become a millionaire. Be known for your work ethic, not the trinkets that you buy. 9. Start focusing on results rather than time and effort. To think that the amount of time you spend at your place of work in a day is what counts is to think wrongly. Be result-oriented. In his book, The Secrets of a Millennial Mind, T. Harve Ecker said, Rich people choose to get paid based on results. Poor people choose to get paid based on time. Rich people believe in their ability to deliver and over-deliver as a matter of fact, which is they'd rather get paid when their job is done. Poor people, on the other hand, want to get paid for the time they spend working for you. To become rich, you have to become result-oriented. 10. Learn how to market yourself. According to T. Harve Ecker, rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion. Marketing is all about connecting with people, persuading them, and helping them. You see, no one will magically find out and purchase what you sell, or read your stuff if you do not do a good job on showing them how valuable it is. This is what marketing is all about. It is the how behind what you do. The more you market yourself and how well you do it, the more money you earn. You are watching this video because it was well-titled and it is valuable to you. As mentioned earlier, getting rich isn't as difficult as we assume it is to be. Anyone can become rich by ensuring that they make these lifestyle changes. You can also become rich. Thank you very much for watching our videos. We'll like to give you another interesting video for you to enjoy next. 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