Let\u2019s get started!<\/p>\n\n\n\n
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<\/figure><\/div>\n\n\nThink and grow rich<\/h2>\n\n\n\n
by Napoleon Hill<\/p>\n\n\n\n
\u23f1 17 minutes reading time<\/p>\n\n\n\n
\ud83c\udfa7 Audio version available<\/p>\n<\/div><\/div>\n\n\n\n
Buy on Amazon<\/a><\/p>\n\n\n\n What is the quickest way to make money, proven time and again by the world\u2019s billionaires? Inserting themselves as a service provider into high-growth industries! What does that mean exactly?<\/p>\n\n\n\n Take VRBO for example. You may not be familiar with VRBO, but believe it or not, they were there before Airbnb. <\/p>\n\n\n\n Now, everyone knows Airbnb as the behemoth that grew from basically renting mattresses on floors to one of the most reliable and luxurious companies in the world. Its founders, Brian Chesky, Nathan Biecharczyk and Joe Gebbia, are now all billionaires.<\/p>\n\n\n\n Those three founders found an industry, in this case, vacation rentals, and inserted themselves into it by finding a unique way in which they could provide basically the same service, but better and more reliability.<\/p>\n\n\n\n This can work with anything– e-commerce, insurance, virtual reality, financial services, etc.<\/p>\n\n\n\n Want to be like the Mark Zuckerbergs of the world? Then follow in his footsteps – literally! Zuckerberg became one of the richest people in the world by entering the fast-growing Internet industry and improving communications online.<\/p>\n\n\n\n But you know what? Forget about Mark Zuckerberg, Take the founder of Whatsapp, Ukrainian-born Jan Khoum, who was once passed over for a job at Facebook.<\/p>\n\n\n\n His story begins around the launch of the first iPhone in 2007. At the time, Khoum was working at Ernst & Young, and he decided that he could provide improvements to the market by creating a communications app with Brian Acton, which was released in January of 2010. <\/p>\n\n\n\n As we know, Whatsapp is wildly successful, and it became so<\/em> successful that it was acquired by Facebook for a mind-blowing $19 billion.<\/p>\n\n\n\n Most of the time, you think that life and working are just about making money. And oftentimes, there is a mindset that a steady paycheck means security. <\/p>\n\n\n\n It\u2019s the reason why people take out college loans worth thousands of dollars to someday get a high-paying job that they probably won’t like, but will spend most of their waking hours doing– all the while, what they truly want in life takes a backseat, waiting for them to finish working.<\/p>\n\n\n\n The problem with this approach to making money is that you only make money as long as you work. And to make more money, you have to work longer hours, which exhausts you in the long run, as you only have a limited amount of time and energy. So, as an employee, your earning \u201cpotential\u201d– is finite. So, is there a way you can bypass this?<\/p>\n\n\n\n Investment. <\/p>\n\n\n\n You don\u2019t have to throw yourself into the stock market or memorize Warren Buffet\u2019s quotes just yet. If you don\u2019t have money to invest, invest your time. Working harder and longer won\u2019t make you richer in the long term, because your income potential is limited by the number of hours you can work in a week. By all measures, this is what they call a bad investment.<\/p>\n\n\n\n The world\u2019s richest know that making money doesn\u2019t always require traditional hard work, and so, they take every opportunity to generate new sources of passive income<\/em>. The magical words.<\/p>\n\n\n\n Make money work for you, instead of the other way around, by investing in a source that can bring you passive income. Now, passive income can come from a plethora of sources. You can go the traditional investing route, or you can look into rental properties, royalties on creative works, et cetera.<\/p>\n\n\n\n Contrary to popular belief, you don’t actually need millions to start investing. What the wealthy do is diversify their portfolio, to minimize risk, and they don\u2019t try to time the market by selling at a peak or buying at rock bottom. They know this method is almost guaranteed to lose them money rather than make it. You\u2019ll find that they are more likely to buy quality investments and hold them for the long term.<\/p>\n\n\n\n Everyone needs help. There is no denying that, and rich people are often unafraid to admit that it\u2019s best to not go at it alone. This is especially true if you don\u2019t know everything about investing and finances. The advice of an expert and a professional is absolutely invaluable.<\/p>\n\n\n\n Nowadays, people balk at the idea of hiring a financial adviser to help them manage their money, but the wealthy understand that their fortunes will grow faster than if they managed it on their own.<\/p>\n\n\n\n Financial advisers can suggest strategies you hadn\u2019t considered.<\/p>\n\n\n\n Not going at it alone also involves not just a partner or an advisor, but a mentor<\/em>. Chris Hogan, who wrote \u201cEveryday Millionaires: How Ordinary People Built Extraordinary Wealth \u2014 and How You Can Too,\u201d says that after he studied 10,000 millionaires for about seven months, he found that they made it to millionaire status because of four key relationships<\/a>: a mentor, a coach, a cheerleader, and a friend. <\/p>\n\n\n\n But having a mentor, in particular, is arguably considered the most important, as Hogan writes, \u201cFinding a mentor puts you on the fast track to wealth accumulation.\u201d<\/p>\n\n\n\n You may think that living within their means is something wealthy people don\u2019t do once they reach that stage, but that is a common misconception. You know how the saying goes, \u201cMoney in the pocket is money earned<\/em>.\u201d<\/p>\n\n\n\n Whenever possible, they save. That money is better invested than spent. So spending money just for the sake of spending money is incredibly damaging.<\/p>\n\n\n\n If there is one piece of advice millionaires and billionaires, and even celebrities, such as actors and singers, agree on, it\u2019s that a surefire way to have extra money coming in is to have a side hustle. <\/p>\n\n\n\n Those who have multiple opportunities to generate revenue are more likely to not only succeed, but to become millionaires in the future.<\/p>\n\n\n\n A rare piece of money making advice that you\u2019ll find the world\u2019s one percent following? To put energy towards personal growth activities, which then lead to making more money. How does that work?<\/p>\n\n\n\n Numerous studies have shown that wealthy people spend about five and a half hours a week reading and about six hours a week exercising. Keep in mind that in comparison, the average American only spends about two hours and two and a half hours on those activities a week.<\/p>\n\n\n\n This is how wealthy people pick up tips for earning more money. In the book, \u201cChange Your Habits, Change Your Life,\u201d author Thomas C. Corley, after spending five years researching the habits of 177 self-made millionaires, found that they dedicate at least 30 minutes a day to exercising and reading. <\/p>\n\n\n\n The types of reading they indulge in are generally self help or personal development books, books about history, and biographies of successful people.<\/p>\n\n\n\n
\n\n\n\nThey Become Service Providers in High-Growth Industries<\/strong><\/h2>\n\n\n\n
Find a Way to Improve Communications<\/strong><\/h2>\n\n\n\n
Make Your Money Work For You, Not the Other Way Around<\/strong><\/h2>\n\n\n\n
Don\u2019t Go At It Alone<\/strong><\/h2>\n\n\n\n
Living Within Your Means<\/strong><\/h2>\n\n\n\n
Have a Side Hustle<\/strong><\/h2>\n\n\n\n
Put Energy Toward Personal Growth Activities<\/strong><\/h2>\n\n\n\n
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