 9 Cigarettes to Becoming Wealthy in Your 20s and 30s I'm sure it's no news that it's not impossible to get wealthy in your 20s and 30s. Oh, wait a minute, you didn't know that? Well, success and wealth are achievable at any age. But first, you have to give up on the get-en-rich-quick mentality and then you'll have a real shot at get-en-rich eventually. Edward Young, an English poet and philosopher, said, and I quote, I have about concluded that wealth is a state of mind and that anyone can acquire a wealthy state of mind by thinking rich thoughts. Wealth is not something that you make suddenly, it's something that you accumulate, and building wealth starts from the mind and by building certain rich habits. Robert Corley, an American author of self-help and New Thought Metaphysical Books, said all riches have their origin in mind. Wealth is in ideas, not money. Anyway, let's discuss real business here. How can one become wealthy? In this video, I'll share with you 9 Cigarettes to Becoming Wealthy in Your 20s and 30s. 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. Develop Multiple Income Sources As long as you have a long list of expenses, all from different sources, such as housing, feeding, transportation, and so on, then you should ensure to diversify your income streams. Thomas C. Corley, author of Change Your Habits, Change Your Life, strategies that transformed 177 average people into self-made millionaires, his five-year study of self-made millionaires discovered that most millionaires develop multiple streams of income. 65% had three streams, 45% had four streams, and 29% had five or more streams. Developing several streams of income puts you in charge of your income, and not the other way around. Besides, it helps you achieve your financial freedom early enough. It is when you become financially free that you can become a millionaire. According to Corley, three streams of income seem to be the magic number for the self-made millionaires in my rich study habits. But the more income streams you can create in life, the more secure your financial house will be. 2. Save To Invest Don't Save To Save We've all heard time and over again that it is good to develop a saving habit. However, what we do not understand is that to get rich, we need to save to invest. Not just saving for the sake of not losing money. T. Harvekka, the author of Secrets of the Millionaire Mind, said rich people play the money game to win, poor people play the money game to not lose. You see, saving money is good, especially if you want to become wealthy, but you have to learn to save for a purpose. Investing Grant Codone, who went from broke and in debt at 21 to self-made millionaire by 30, said and I quote, The only reason to save money is to invest it. Put your save money into secured, sacred, untouchable accounts. Never use these accounts for anything, not even an emergency. This will force you to continue to follow step one, which is to increase income. To this day, at least twice a year, I am broke because I always invest my suplices into ventures I cannot access. 3. Invest In Yourself Benjamin Franklin, a writer, political philosopher and civic activist, said and I quote, An investment in knowledge pays the best dividends. A lot of modern-day successful and wealthy people are voracious readers. They read because they know that reading provides a person with valuable information to help them succeed. Tucker Hughes, who became a millionaire at 22, once reported that the safest investment I've ever made is in my future. Read at least 30 minutes a day. Listen to relevant podcasts while driving and seek out mentors vigorously. You don't just need to be a master in your field, you need to be a well-rounded genius capable of talking about any subject, whether it's financial, political or sports-related. Consume knowledge like air and put your pursuit of learning above all else. 4. Find Mentors Mentors are people who have journeyed the path you are about to take. So they know the best route that can help you get to your destination faster while minimizing errors. The truth is that, no matter what you want to do, someone out there has probably already done it, or at least part of it. So finding such a person and getting them to advise you will be an advantage for you. Having an experienced mentor on your side will be invaluable. 5. Create A Budget A budget helps you plan and cut out unnecessary spendings so that you can maximize your income and increase your savings. To become wealthy, you need to make more money, spend less and invest wisely. However, doing these wouldn't be so easy if you don't have a budget created to guide you. Creating a budget will help you track your expense rate and also help you figure out the areas you spend most of your money so that you can re-strategize if need be. 6. Embrace Entrepreneurship Most self-made millionaires are intrapreneurs. So embracing the idea of becoming one isn't a bad place to start. Learn to think like an intrapreneur and also learn about business leadership and intrapreneurial finance. However, remember that being an intrapreneur is all about providing value to people. The more people that you provide value to, the higher your chances of becoming a millionaire. So the idea of embracing entrepreneurship is to learn how to offer value to people and create wealth in return. 7. Learn How to Sell An important part of life is learning how to sell. For instance, when you go for a job interview, you do your best to sell yourself in the best way possible. The idea behind selling is offering people something valuable and worth the value of money that they are willing to exchange for that item. Learning how to sell means showing others how the things you have to offer can make their lives better. The more people you can sell to, the higher chances you have at becoming rich. 8. Take Risks Your 20s and your 30s are the best times to take risks because you have minimal responsibilities. Jim Rahn said and I quote, If you're not willing to risk the unusual, you'll have to settle for the ordinary. If you want to become rich and successful, you have to learn to take risks. Otherwise, you'll end up like the majority who don't want to leave their comfort zone. 9. Build Your Network Carter Gale said and I quote, Your network is your net worth. Also, according to Bob Burg, he said and I quote, The successful networkers I know, the ones receiving tons of referrals and feeling truly happy about themselves continually put the other person's need ahead of their own. Building your network ensure that you are surrounded by other successful and rich people. That way, you'll develop healthy habits and a rich mindset. In his book, Secrets of the Millenia Mind, Tiharov Eka wrote, Rich people associate with positive, successful people, poor people associate with negative or unsuccessful people. There you go. Now, you can start creating wealth for yourself by following these tips. Thank you very much for watching our videos. We'd like to give you another interesting video for you to enjoy next. But before then, our team will be very happy if you can like this video and share it with your friends on social media. If you're new here, don't forget to subscribe so you won't miss other interesting videos like this. 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