Are you part of this 40/40/40 lifestyle ? Do you want to know how you can change this lifestyle and attain financial freedom to become a NEW RICH ?
I will tell you who are the “New Rich” and how you can become too!!
WHAT IS 40/40/40 SCAM?
40/40/40 lifestyle means that where one works for more 40 hours a week , for 40 years of her/his life and saves only 40% of what they have earned!!!
Examine the people around you and you will identify plethora of humans who are a part of this scam. Why do I call it a scam? Lets know …
WHY 40/40/40 LIFESTYLE IS A SCAM
1 . Most jobs of 40/40/40 lifestyle require tremendous work. It is devastating for a person’s mental and physical health,until one loves doing their job.
2 . Most people of 40/40/40 lifestyle are not satisfied about the kind of work they do.
3 . They don’t get enough time to spend with their family and friends This is a huge disadvantage .
4 . Also there is devoid of time to travel to new place with loved ones. There is no time to work on their passion .
WHO ARE THE ‘NEW RICH’?
Do you think rich people are those who have massive bank account , or someone with multiple sources of income thus having time as well as money??
For me, its the 2nd option. Money without time has no meaning. NEW RICH are the people who live their life on their own terms.
The’ New Rich’ make money while sleeping!! They have built systems which makes money work for them.
They work less as compared to most people and earn more as well. They have many cash inflows sources .
New Rich continue exploit opportunities to earn money and increase ‘money making sources.They don’t rely on 1 source of income . Hence they work for themselves and as per their wish.
They are fucking independent and don’t work under a boss. They are their own boss.
IS BECOMING ‘NEW RICH’ EASY?? HELL,NO. BUT IS IT WORTH IT?? HELL, YES!!
Great things are difficult, that’s why only few people achieve greatness.But the most important thing is to try i.e START.
Think about it, When you will become the NEW RICH , how bliss you will feel. You will have time by your side. You will be able to Invest your time on your family, adventures and interests.
You are not born to just pay bills. You get one life. Its upto you , how you would like to use this life.
This life is meant to enjoy our beautiful earth , to cherish its beauty and to enjoy and help others.But so many of us are busy paying bills.
No matter where you are in your life, there’s always time to try and experiment. Even if you are working, you can work on side hustle.
SO LETS SEE HOW YOU CAN DO IT …
PRACTICAL STEPS TO BECOME NEW RICH
1 . First of all, I want you to read some finance books. These books will change your mindset and help you to take actions.
2 . Inspect your financial condition and know how much money flows out of your pocket every month.
Take out a paper, make 2 columns, one for dates, other for money. Keep inserting values daily for every cash that goes out . Track after one moth where and how much money is spent.
There are high chances , most of your money is getting drained on useless things!! Unearth these things and spend less.
3 . Pay yourself first
Keep at least 10% of income that you get , for yourself. You won’t waste even a single penny of this 10 %. You will invest it in money making machine!!
I will tell you how. Keep reading.
4. Make goals
Write down your goals on a paper. Set goals like
“I will save $2000 this month.”
“I will invest $100 every month in index funds”.
5 . pay off debt , if any , asap
6 . Create multiple sources of income
Now with this savings that you have made , invest it in a money making machine. It can be stock market or an business.
Yes , you can open your business/online business. Even if you have no knowledge , you can. In today’s internet era , its possible.
Even if its not your passion, but it is popular in market , you have to try it out.Who knows it might turn into a passion.
Start making your multiple sources of income. Its easier said than done, but worth a try.
Even if you lack money, start finding jobs and work on some ideas. Below are some ideas you will find useful:
You can learn from YouTube , online courses or from websites like skillshare.(place affiliate link).
IDEAS FOR YOU TO GENERATE CASH INFLOWS
b ) become an Uber Driver .
c ) Start a blog
d ) Become an affiliate marketer
e ) Open a YouTube channel
f ) Rent a room or your house.
g ) Buy properties and rent it.
h ) Invest in stocks, index funds.
g ) Sell online courses, podcasts, ebooks, apps etc.
h ) Work in a existing business
j ) Sell on Amazon.
k ) Teach skills in skillshare and earn money.
Research and work on each of these. Reinvest the profits to grow your empire.
7 . Plan for your future
As you will earn money , you can decide , if you want to continue your current job or not. Also you can work on passive income as side business.
Make a road map for coming years and work accordingly.
Keep saving money for your future. Passive income will keep on working for you, no matter how old you become.
Doing what I have explained is a daunting task, but it is possible. You can become financially free and become the new rich.
Just do it. Learn and grow . Its fucking possible.
You are author of your life.
I hope , you got any value form this blog.I wish that you will take actions and become a ‘New Rich’ .
GOD BLESS YOU!!