How to be truly wealthy and make your money grow - Life Race (2024)

To be truly wealthy is not about money in the first place

What does it mean to be truly wealthy? If you’re not growing, you’re dying. To become truly wealthy, you must build a business that makes more money than you can spend. The key is understanding how wealth is created through leveraging time and energy by providing value while also creating abundance together as partners—and then putting those principles into action every single day.

But is that the complete story?

In the previous blog posts, we have gone through the importance of health, social, and self. To make a short summary or conclusion of total well-being, it is when health, social, and self are leveraged in perfect harmony.

If you missed any of these previous articles, you’ll get the links here:

“The 4 Cornerstone to Total well-being”

“How You Can Enhance Your Social Skills”

“Why Self Care is Important for You and a Healthy Lifestyle”

Having a High Income and not Being Truly Wealthy is Like Having a Ferrari Without an Engine

How to be truly wealthy and make your money grow - Life Race (1)You can be working hard every day, making good money, and earning more than your peers, but if you don’t know how to grow your wealth, then it won’t do much for you in terms of making life better.

Having money isn’t enough; you also need to know how to manage it well so that it works for you instead of against you by allowing others (banks) or circ*mstances (the stock market) to dictate what happens with your hard-earned dollars.

Health

Health is the first and most crucial part of your engine to create true wealth. You don’t care about money or material things if your health isn’t in place.

“Never, never, never trade your health for wealth. You may think you can buy it back, but you can’t.”

Billy Cox

In other words, health is the foundation of wealth.

Social

To surround yourself with the “right” people is the entrance to being truly wealthy. First, you must attend appropriately to your loved ones, friends, and people playing an essential role in your life.

The second step is to create new social ribbons to add something to your life. The old saying,

“You are the average of the people you spend the most time with.”

is a valid and powerful statement.

Self

The most difficult and often ignored part of your life development. Since childhood, we have been taught to look after other people first and be polite and helpful. Nothing wrong with this, but often we forget to care for ourselves.

Whether it is a mediation session in the morning or a long run for several hours, it doesn’t matter. The thing is that you need to dedicate time to yourself and your own well-being. No one else will do it.

To be Truly Wealthy is about Tying it all Together

How to be truly wealthy and make your money grow - Life Race (2)Health, social, and self, tied together, will result in wealth. But the money, I have always learned that wealth is about having an abundance of money.

Well, turn it around. I don’t know any person, well-known or not, being wealthy without having good health, being social, and dedicating time to quality “self.”

Build true wealth by working on something you love

The best way to build wealth is by working on something you love that provides value in your field.

This is because when we are passionate about what we do, our energy goes into creating results rather than just getting paid for a job well done. When we produce results and abundance, we can leverage our time and energy with other people’s time and energy. This allows us to generate even more money for ourselves.

The key to becoming wealthy is building multiple streams of income and creating various opportunities for yourself to earn money.

How to be truly wealthy and make your money grow - Life Race (3)

This is the link to the page mentioned in the video https://tvdmexonline.com/LaunchPad-Your-Best-Life

This can be done in many ways. You can start your own business, work as a freelancer, or even find ways to make money while you sleep. But the important thing is that you’re creating these opportunities for yourself so that you can use your time and energy correctly.

You don’t have to be rich before starting your own business; anyone can do it at any age! If someone had told me when I was younger that I would be running my own company one day, I would’ve laughed at them because I didn’t even know what entrepreneurship was back then.

But here we are: together on this journey towards financial freedom through entrepreneurship!

This was the last one of four articles to transmit the message of Fourtopia and Your Best Life Blueprint. It’s a powerful training where you will find yourself (wherever it can be) and construct something valuable and powerful for your own development.

To join this fantastic journey to discover your Best Life Blueprint, join the LaunchPad community and let’s rock it!

Your best life is waiting. We all deserve fulfillment and happiness in our lives. The problem is figuring out how to get there. Your best Blue Print you will get as one out of 5 bonuses when signing up for LaunchPad.

Click here and join now!

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How to be truly wealthy and make your money grow - Life Race (2024)

FAQs

How can I become extremely wealthy? ›

  1. Invest. The goal of investing is to buy assets that may provide financial growth over time. ...
  2. Take advantage of compound interest. ...
  3. Create a plan and follow it. ...
  4. Start a business. ...
  5. Cut spending. ...
  6. Try taxing yourself. ...
  7. Consider additional education. ...
  8. Take calculated risks.
Mar 1, 2024

How did Ramit Sethi get rich? ›

Most of his wealth is created from his online businesses, including I Will Teach You To Be Rich, Growth Lab, premium online courses, etc. Ramit started his blog IWT (I Will Teach You To Be Rich) in 2004 while studying technology and psychology at Stanford. He started his online journey selling a $4.95 eBook.

How can I get a rich lifestyle? ›

The advice is really simple, but reaching the goal is challenging.
  1. Develop a written financial plan. Saying you want to be wealthy won't get you there. ...
  2. Get into the habit of saving. ...
  3. Live below your means. ...
  4. Stay out of debt. ...
  5. Invest in ways that work for you. ...
  6. Start your own business. ...
  7. Get professional advice.
Aug 29, 2023

What builds your wealth faster? ›

One of the key ways to build wealth fast -- and over the long term -- is to earn passive income. And one of the best ways to generate passive income is to own one (or several) rental properties.

What makes 90% of millionaires? ›

Real estate investment has long been a cornerstone of financial success, with approximately 90% of millionaires attributing their wealth in part to real estate holdings. In this article, we delve into the reasons why real estate is a preferred vehicle for creating millionaires and how you can leverage its potential.

What do 90% of millionaires do? ›

90% Of Millionaires Are Made In Real Estate - 100% Of Billionaires Are... | private equity | TikTok. If 90% of millionaires come from real estate, then 100% of billionaires come from private equity. And every month I acquire several new companies.

How to be a millionaire in one year? ›

“Beyond entrepreneurship, no conventional career path — even medicine, law, or engineering — generates a million-dollar income for a newcomer in only a year.” So, aside from a lucky crypto investment or a windfall of some sort, Kellzi said becoming a millionaire is highly improbable.

How did most self-made millionaires get rich? ›

Self-made millionaires tended to rely on capital appreciation from investments — as well as salary, stock options and profit-sharing. Those who inherited their wealth were more likely to cite entrepreneurship or real estate.

How to make a million dollars fast? ›

One of the fastest ways to make a million dollars is by investing in high-risk, high-reward ventures such as stocks or cryptocurrencies. You can also start a business and scale it up quickly by leveraging technology and creating an online presence.

How to become billionaire from zero? ›

It isn't easy to become a billionaire especially if you haven't already made millions. You will need time, patience, investment savvy, and entrepreneurship to become a billionaire unless you are born into a family with billions that you stand to inherit.

Is there a secret to becoming rich? ›

Investing is a key secret to building wealth. The richest people understand the power of investing and make their money work for them. Educate yourself about different investment options, such as stocks, bonds, mutual funds, real estate, or starting your own business.

What is the number 1 key to building wealth? ›

Saving, investing, reinvesting, and growing your financial and business intelligence are all essential wealth building habits that require persistent and consistent effort. In other words, wealth building requires discipline. Without discipline, you risk falling prey to the number one wealth killer: procrastination.

What is the most powerful tool you can use to build wealth? ›

“Your most powerful wealth-building tool is your income. And when you spend your whole life sending loan payments to banks and credit card companies, you end up with less money to save and invest for your future.

What are 3 ways to increase wealth? ›

3 Steps to Successfully Build Wealth
  1. Making Money. Building wealth starts with cash flow – money coming in and money going out. ...
  2. Saving Money. ...
  3. Making Wise Choices.

How to become a multimillionaire? ›

Here's the list of habits and principles that most millionaires used to build their net worth:
  1. Stay away from debt.
  2. Invest early and consistently.
  3. Make savings a priority.
  4. Increase your income to reach your goal faster.
  5. Cut unnecessary expenses.
  6. Keep your millionaire goal front and center.
  7. Work with an investing professional.
Feb 1, 2024

How to get rich in 5 years? ›

Here are seven proven steps to get you wealthy in five years:
  1. Build your financial literacy skills. ...
  2. Take control of your finances. ...
  3. Get in the wealthy mindset. ...
  4. Create a budget and live within your means. ...
  5. Step 5: Save to invest. ...
  6. Create multiple income sources. ...
  7. Surround yourself with other wealthy people.
Mar 21, 2024

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