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Before I really get into this topic, I would just like to say that I am greatly appreciative to my readers who have continued to support my blog, it means a lot!How Can I Become Rich? - Bag Of Cash One very relevant question today is, “How can I become rich?”.

I like to think that becoming rich is easy, it’s an idea, there are multiple “vehicles” you can use to achieve success, and how time, money, or both, can be used to achieve wealth.

Be sure to check out my other post where I review the

I hope you enjoy my article, and will come away with something. Let me know in the comments below what really stands out for you, and what hits home.

It Is Easy To Get Rich

This may seem a bit uneducated at first glance, and you would be right to say that this is not an objective law.

Wealth, money, prosperity, all of it will pour into my life according to God’s plan, and in direct consequence to my actions. What I do, and how I do it, plays a part in how easy or how difficult it will be for me to become rich.

The reason I say that it is easy to attain the status of “rich”, is because I understand how money flows, and how to acquire it. If you don’t understand the flow of money, and how the rich have so much money, please understand, I am not trying to alienate you.

I have spent Years, studying how money changes hands, and how it comes into being. I had the benefit of having parents who were very supportive in terms of “financial literacy” if you will.

Money is easy to get, becoming Rich is easy, because of the following statement…

Money Is An IdeaHow Can I Become Rich? - *500 Currency

Don’t worry, this is a concept that was initially quite baffling for me as well. Even while I was studying it in Robert Kiyosaki’s books, I didn’t understand it until I got a job, and started my first business before that.

Let me show you what I mean…

What is the McDonalds Franchise?

An idea formed by American businessman Harry J. Sonneborn to create a chain of fast food restaurants with a specific type of food being sold in key locations geographically. He has said that he does not own a burger business, but rather, a “Real Estate Business”.

Ray Kroc bought them out later.

What is Microsoft?

An idea formed by Bill Gates and co-founder Paul Allen. They created computers and technology that have become well-known and are being used everywhere.

What is “Money”?

Obviously, we associate money will value, but if you think about it, any kind of money is composed of, or is backed by, something else considered valuable.

Money in it of itself is an idea. The idea that value can be transferred, in exchange for something else considered valuable or want-able.

Precious metals, (Gold, silver, copper) are regularly used to back currencies worldwide because they are considered valuable.

Which, brings me to my next point.

How Can I Become Rich? - Sports Car

How Can I Become Rich? -> Using a “Vehicle”

Real Estate is a fitting example of a financial “vehicle” that is widely used.

Stocks, bonds, mutual funds, etc., are all forms of paper investments people use to amass wealth.

Businesses, the primary model for everyone looking to achieve wealth and become rich.

Using a vehicle is just another term for businesses or investments that someone uses to achieve their goals. (E.g. To achieve financial freedom)

Jobs do not count here. Retirement is a joke, and working in a career that is taxed at least 50% of its income, has NO chance of providing retirement with the costs of living today.

If I don’t have vehicle, I most likely have a job, which is the equivalent of riding a scooter on a gravel dirt road, while everyone getting rich is riding a Ferrari on a freeway.

Some vehicles are faster than others… 🙂

Time + Money?

In my opinion, it goes without saying that most people are not willing to put the time, the energy and the focus needed to become rich.

Naturally, however, it also helps to have money if I am looking for an often-faster way to become rich.

I know that sounds contradictory since you are probably saying, “How would I have money to become rich, when becoming rich is my goal?”

This stems from an idea that, “it takes money to make money”. Let me be the first to shake the mold for you and say that this is not true at all! It does not take money to make money.

It should also be noted that a combination of time and money will propel you towards your goals very fast. Of course, that is where most people quit.

I know personally, that putting in the time and energy to work on my blog, can be exhausting (especially after a long days work).

To become rich, I must add one more ingredient to all of this.

I have talked about vehicles, the principles of wealth, time and money, and how money is an idea.

I have also discussed how mindset plays a big part in all of this, even though it wasn’t mentioned in this article. You can view it here.

Perseverance PAY$

How Can I Become Rich? - Stack of Cash

I know, this is like stating the most obvious thing in the world, but I think you may have a different opinion after I’m done talking.

Famous and successful individuals like Stephen King, Jim Carrey, Colonel (Harland) Sanders, Shania Twain, J.K. Rowling, Oprah Winfrey, and even Bill Gates, all struggled early before their success.

All these individuals had something in common though, they never gave up.

Giving up isn’t just physical, like not doing something anymore. I can give up mentally long before I have given up physically. The war of the mind is real, and if I want to win, perseverance and an iron will be necessary.

If you are like me, you probably are very lazy about things you are not necessarily passionate about.

I might acknowledge their importance, fully understand the benefit that something might give me, but until I do it, it is useless to me.

A good instance of this would be to clean my office, which at the moment needs cleaning. “Knowing” that I need to clean it does me no good unless I perform the action.

I hope this information has helped in some way. Let me know in the comments below if you have any questions or “A-ha” moments!

As always, I will do my best to reply and answer any questions you may have asap!

Warm regards,

Jacob

jacob@financialsuccessbook.com

Jacob is the featured author on FSB. He is a seasoned Internet Marketer and Financial Expert.

Some of his professional experience includes, Real Estate, Stocks, Business Management, Crypto Currencies, and he is a veteran Online Blogger.

He is an avid reader and investor. He has a passion for helping others succeed and overcome obstacles in their lives. He believes that “Knowledge Is Power”, and that people have the ability to do anything they set their minds to.

You can read more about him, Here.

  1. While perseverance is important, I want to add that we need to up on a certain idea if it doesn’t work for an extended amount of time.
    But overall, the mindset is very important!

    • Thanks for the comment! I believe that if you are working on an idea that you are passionate about, and you have a workable business model, you should work on that for at least a year before giving up on it. Ideally, working on a business for 3 years is optimal. Gives a lot of time for you to find out why something is working.

      Regards,
      Jacob

  2. Money definitely can easily be made. For me I have learned that my attitude, focus, dedication, education, and a proper vehicle (business opportunity) has helped me. Many times we complicate the process of earning money.

    It is important to always analyze and reevaluate to ensure you have all what you have mentioned here in order to become rich. If something is not working then evaluate and make the proper adjustments but do not ever give up.

    There are normal everyday people who became rich with no special skillset. Thanks for sharing.

    • Absolutely right! Having a solid foundation both on financial education and strategy is key. The vehicle doens’t really matter in the face of a good foundation, it’s just a mode of transportation that can bring you closer to your goals. I think you have a great perspective on this.

      Jacob

  3. I love this point “It does not take money to make money”. Most folks have the belief that unless you have money, you cannot make money. To buttress your point, the truth is that to make money, what we need first is an “idea” – I mean “a money-making-idea”. A concept that people can pay you for. Once the idea is in place, then comes your time and persistent on that idea to convert it to money.

    This method has truly helped me in life. Becoming rich in life follows this simple steps that you have listed on your post.

    Great write up!
    Member of “WA”
    wealthyben1

  4. Becoming rich is a dream of many, but what a lot of things people don’t understand is you have to work hard at it. This means you have to sacrifice a lot to make decent money.

    Really, I believe it has to do with creating goals. You have to start somewhere. So you have to make daily goals. Mean those then make weekly goals. Then, monthly goals and ultimately yearly goals.

    Then, you have to sit back and see what is working and what isn’t working. In business, I have found that the first couple years you’re probably not going to make a lot of money, but after years of hard work, you will see results.

    In business, there are always going to be ups and downs. I have seen this a couple times in my 9 years of business, though.

    • I think you are right on, Garen. As my dad would say, if you want what other people don’t have (e.g. Financial freedom) then you need to do what others aren’t willing to do, and much of that includes working hard and smart!
      Thanks for the comment, always great to read comments like yours!

      Regards,
      Jacob

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