What’s keeping you from being rich? In most cases, it’s simply a lack of belief. To become rich, you must believe you can do it, and you must take the actions necessary to achieve your goal. Everyone in this world wants to be rich but only a few can do what it takes to become rich. Dave Ramsey a great Entrepreneur always says:
“You can’t work three hours a week and make $100,000. Get rich quick doesn’t work. Crockpot mentality always defeats microwave mentality The journey to success is not easy, for one to become rich and successful there are many principals that you need to follow, important Risks that you need to take and also there are many Sacrifices that you need to make, in this article am going to share with you Five Sacrifices that one needs to make to be rich
1 Friends
Warren Buffet the fourth richest man in the world, in one of his many quotes he always says “It’s better to hang out with people better than you. Pick out associates whose behaviour is better than yours and you’ll drift in that direction.” One of the biggest sacrifices you need to make when you decide to take the path of being rich, Is to let go your old friends, friends that do not have the same vision as yours, friends that do not add any value in your life, it is a tough decision to make, but later in life, you will look back and realize that it was the best decision you ever made.
2 Comfort Zone
Success is just beyond your comfort zone. So to reach it, you have to sacrifice things that give you comfort and do more things that make you uncomfortable. The logic behind success is simple. But the application is a tussle for many, just like losing weight, do some extreme workouts, eat less and eventually, you will see some positive results but applying such a concept is a bit tough for many.
3 Non Productive Hobbies
If you want to be rich, drop hobbies that are non-productive to your life and career. Gossip during lunch hour and reading romantic novels, you need to start new hobbies, hobbies that will add value in your life such as board games, puzzles, do-it-yourself (DIY) crafts, writing/keeping a journal/reading. Learn a new language. If you want to become rich you need to constantly challenge yourself with value-adding activities and spend more time in acquiring knowledge that will enable you to grow mentally.
4 Extravagant lifestyle & Impulsive buying
Another habit that the poor should sacrifice to become rich is, by all means, avoid impulsive buying and living a flashy lifestyle, what usually separates the millionaires from the rest of the world is how they manage debt. They don’t live an extravagant lifestyle; instead, they only buy what they need and can pay for. They do not book hotels and flights by using their credit cards to pay for them. They are conscious of the interest rates even when they use credits cards or take loans. If possible, they try to pay with cash because of its zero per cent interest rate.
5 Time
“The only difference between a rich person and a poor person is how they use their time.” —Robert Kiyosaki, The days you spend on your computer or negotiating with clients are probably not going to be the best years of your life but it’s the sacrifice one needs to make if you are serious about getting rich because it’s that time that yields the result you’re looking for. 7 years might sound like a lot of time, and it doesn’t mean that those years will lack any positive memories. Time will pass, either way, so make sure to invest it wisely.
-Iharare
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