All of us want to be rich and successful but is this practical? It’s a lot more possible than you may have thought. We’re not talking about winning the lottery – as nice as that may be- but more about how to get rich from nothing and get that quick money.
The first thing you need to do is to define what being rich and successful means to you. It’s important that you keep it realistic as becoming the next Bill Gates or Mark Zuckerberg are not the most realistic things. Instead, you need to think about richness in the sense it gives you freedom. It doesn’t mean having a gold-covered mansion but the opportunity to travel or pursue new things without having to worry about where your money is coming from.
To you, being rich and successful may just mean you have everything paid off and have a great level of comfort in your life. This might be a different approach to someone else but still what remains at the core of being rich and successful is that idea of freedom.
So once you’ve figured out what this will look like for you here are 8 secrets to become rich and successful in a short time.
1. Find The Right Job
This is a basic start but you need to start earning money somewhere and the right job can get you on the best path to get rich from nothing. You need to stop looking at a job as just work but think about it as a vehicle to help get you rich. You want to look for a job that’s not just about paying you a salary but one where you can get commissions and you now will open up all the control of how much you earn.
2. Finding Multiple Streams Of Income
This is big and one that’s often overlooked. If you look at any successful person, or company, they will always have money coming in from different areas. You don’t want to rely on just one stream of income but multiple ones. You won’t become rich fast without multiple flows of income.
They call this “symbiotic flow” and you are creating income flows that are all connected to each other. It’s a way of connecting income to the job you already have. If you are a photographer and doing projects for one business you’d want to look at doing advertising for other companies connected to that business. It wouldn’t make sense to start a pet grooming business as that has no connection to your main income. Creating multiple income streams will help make you become rich in a short time compared to just sticking with one.
3. Make Viral YouTube Videos
If this is news to you-it may amaze you how much money you can make from successful YouTube channels. This takes work but people are becoming millionaires in a short time thanks to YouTube. YouTube is just like T.V and companies pay to advertise on the videos. If you have a video that does millions of views a month this can lead to thousands of dollars in ad revenue for you a month without you have to do a thing.
The highest earning YouTuber last year was – believe it or a not – a 7-year-old kid who runs a channel called RyanToysReview. He made a ridiculous $22 million in just one year. There are people on YouTube that you have never heard of, and probably never will, who make millions in a year, out of nowhere, just from a few videos going viral.
In this day in age, it has never been easier to become rich in a short time.
4. Invest Something & Get Rich Off The Royalties
Any invention that becomes successful gets patented and then anyone who wants to use it will have to pay you a licensing fee. This can be an extremely lucrative business and is a way you can get rich from nothing. You can come up with inventions by a simple formula: Identify a problem and then provide a solution for that problem.
A great example of this is Joy Mangano who was the inventor of the Miracle Mop. She had become frustrated with regular mops and invented a self-wringing plastic mop that wouldn’t get your hands wet while using. People liked this new mop and her first time on the QVC shopping channel she sold 18,000 mops in the first ½ hour.
They featured this story in the movie Joy and she became a multi-millionaire in a short time just because she wanted a solution to having to use old useless mops.
5. Start a Successful Instagram Account
Like YouTube, Instagram is all about getting eyes onto the page. Any place that many people are looking, advertisers, are quick to jump on. Fewer and fewer people are watching T.V these days so companies have to get their products in front of people somehow. Instagram is a visual platform that many people are making millions off of to promote various products. They are calling these people “influencers” now as their very large followings are influenced to purchase whatever it is they promote.
The Kardashians are probably the most famous example of this and anything they promote makes that company millions of dollars. The good news is you need not be a famous celebrity to take advantage of this platform. There are kids and teenagers becoming rich and successful practically overnight by gaining big followings. You can pick any area; fitness, beauty, fashion, travel, pets, etc and can do sponsored posts by companies that want to get their products in front of your audience.
It’s a crazy time when you think of the number of millionaires that are popping up overnight on social media for just posting simple pictures.
6. Make Money Online
This is similar to YouTube and Instagram but now you’re looking at how you can become rich in a short time from blogging. When you attract an audience you can make hundreds of thousands of dollars a month writing about things you are passionate about. It may be music, diets, pets, relationships, and anything under the sun. When you get visibility and traffic you can again make a serious amount of money from ad revenue, affiliate marketing, and selling your own products.
This is another easy way to get rich from nothing and by doing something you actually like.
7. Save More And Invest The Difference
This is one of the main tips from Tony Robbins and he says how it’s one of the best strategies for growing your net worth. When you cut back on spending and stop wasting money on things you don’t need, you can put that extra money aside and invest it smartly for compound growth. This can dramatically speed up your financial goals and help you become rich fast.
One example he uses is by making early principal payments on a traditional 30-year fixed-rate mortgage. This can help you pay off your home in half the time and also spend 50% less.
8. Rent a Room on Airbnb
If you have any rooms where you live sitting empty you are throwing money away each month. Airbnb continues to grow by the day and people can charge a small fortune because there is a market there for it. If you live in a big city, you have a potential goldmine on your hand as people will pay good money to have more of a sense of comfort.
It can either be a room or put your whole place up for use and in most cities, people are making around $100 a day doing this. That’s a pretty good return for something you already have.
Wrapping it up
There are many options out there if you’re looking to become rich in a short time and it’s easier than ever to get on your way to being rich and successful. It used to be thought that there was no way to become rich fast and that this was just a pipe dream but you can see now that the opposite is the case.
A young entrepreneur, author, blogger and freelancer, Umaid Ali is a man who is passionate about inspiring and educating youth to live a life they love