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Self Improvement, Personal Growth & Entrepreneurship - Improve Your Life and Grow Your Business Podcast
How to Think & Grow Rich

How to Think & Grow Rich

Self Improvement, Personal Growth & Entrepreneurship - Improve Your Life and Grow Your Business vor 7 Jahren

0:00

9:30

How you can change your thinking and behaviour so you can become
rich!

S U B S C R I B E :
https://www.youtube.com/user/RafaelEliassen?sub_confirmation=1

Coaching with Rafael: https://www.erafael.com/

#ThinkAndGrowRich #ThinkingRich #RichThoughts #MillionaireMindset
#MoneyMindset #Success #SucessfulThinking #SelfImprovement
#SuccessfulBusiness #BusinessAdvice #BusinessCoach
#PersonalDevelopment #Motivation #SelfHelp

What are some good habits to follow to be richer in the
future?

Let’s say you have a lemon. You squeeze it hard and get all the
juice to yourself. Now you have zero lemons. That’s what poor
people do with their assets. They squeeze it all until there is
nothing left. And wonder why they don’t have enough lemons. To
have more lemons (money), you have to grow more lemons. That’s
the first rule of wealth.

#1 Multiplying Captial.

People start their business in hopes of making money. But, it
takes money to make money. If you start a business with no money;
you will end up working in a free or low-paying job.

The more you invest in marketing, website, team building, the
more you will make. So you need to put money into your business
to make something from it.

How do you get this money?

#2 Raise Money.

The people who complain about not having money to start their
business are the ones that aren’t willing to work. There are
tremendous opportunities in the market place.

There are freelancing sites, you can learn a skill, babysit,
drive an uber, get a job. It’s about doing whatever it takes to
raise enough money. It’s a lot of work but if you really want it,
you have to do 100 interviews this week.

Change your input to change your outcome. There is no easy way
out.

#3 Long-term Wealth.

Some methods multiply capital faster and some slower. If I spend
$10k in my business in marketing the return would be around $100k
But If I invest $10k in index funds, I would only make an extra
of $2k a year.

You need both slower and faster method in your arsenal. It’s not
about making that quick buck. Remember it’s all about multiplying
capital (money) in the long run.

#4 Abundance Mindset.

Even if you start multiplying capital, the vibe you have towards
money is crucial. Because if you are in a scarcity mindset, the
moment you lose money or there is a problem in your business, you
will freak out. You will complain and make rash decisions.

We don’t want that. As long as you have a business you will have
problems. Commit to living a happy life that helps you be
proactive. Money making is a game and wealthy people enjoy
playing it.

#5 Educate Yourself.

Your relationship, mental health, spirituality, health all need
work. Same is with money.

You need to read books, invest in courses, improve your
skills to get better. You have to work to bring in money. You
have to find ways to innovate. The learning never ends.

One last thing.

Wealth creation is fun when you do it around something you are
passionate about. Make a list you enjoy the most. Rate them from
1–10.

Whatever it is a 10 for you, you will have a blast making money
with it. Doing what you love and building wealth with it is real
fulfilment.