9 Skills that will make you Rich
//Creative Commons Attribution Licence video (Reuse allowed)
Show More Show Less View Video Transcript
0:00
Becoming rich might seem like a challenging thing to do because it seems hard to master
0:13
or even understand how the process works. But the truth is that it isn't rocket science
0:20
Anyone can become rich by learning and mastering specific skills and habits
0:26
To become wealthy, you need to understand and behave like rich people
0:31
By this, I don't mean you should pretend. Instead, you need to think like wealthy people so that you can start practicing certain habits
0:40
that are responsible for your success. The Ingraziosi of Millionaire Success Habits, The Gateway to Wealth and Prosperity said
0:48
There are a million different paths to success, but with all of those options, I have learned
0:54
that the fastest way to success involves one option above all others
1:00
When success habits become your new routine, your life can change dramatically
1:05
Also, according to T. Harve Eker, the author of Secrets of the Millionaire Mind, said in
1:11
his book that, Money is a result. Wealth is a result. Health is a result
1:16
Your weight is a result. We live in a world of cost and effect
1:21
Also adding that, whatever results you are getting, be they rich or poor, good or bad
1:26
positive or negative, always remember that your outer world is a reflection of your inner world
1:32
If things aren't going well in your outer life, it's because things aren't going well
1:37
in your inner life. It's that simple. So, in this video, I'll share with you 9 skills that will make you a millionaire
1:45
If you're new here, consider subscribing so that you don't miss out on exciting videos
1:50
like this. 1. Learn how to become a master in your field
1:55
To become wealthy and successful, you have to show to the world that as far as your field
1:59
is concerned, you are the go-to person. When people see you as an expert in your field, they will be willing to pay you so much money
2:07
to have you attend to their needs because they trust your ability to come up with positive outcomes
2:13
Thus, the more problems you solve in that field, the more potential customers and clients
2:19
you get, the more your network increases and the more money you earn
2:24
The truth is that there is nothing like jack of all trades, master of all
2:28
No, you have to be a master of one. Exceptionally successful people achieve their success by learning to focus on one thing
2:38
and becoming an expert in that one field. 2. Learn how to set goals
2:45
Bill Copeland, an American poet, writer and historian said, The trouble with not having a goal is that you can spend your life running up and down
2:53
the field and never score. You can't expect to be successful or achieve something when it was never an intended goal
3:00
If you want to be wealthy, then you need to set a clear goal for it
3:05
Your goal should capture how much wealth you want and when you want it
3:09
That way, you would be able to take the necessary steps involved in achieving your goal. 3
3:16
Learn how to take action Not only should you set goals, but also create action plans that you should be willing to
3:23
take to accomplish your millionaire dreams. Taking actions to execute your goals is one of the most challenging things to do because
3:31
most times, it requires a lot of small steps to achieve your big goal finally
3:36
Hence, the need to learn how to take steps to help you accomplish your dreams and vision. 4
3:44
Learn how to manage money A vital part of becoming wealthy is learning how to manage money
3:49
No, you don't start managing money when you are rich. You start managing money before you become incredibly wealthy
3:56
Otherwise, chances are you'll end up squandering the funds. According to T. Harv Eker, the single biggest difference between financial success and
4:06
financial failure is how well you manage your money. It's simple, to master money, you must manage money
4:13
You see, you cannot be responsible for a large amount of money when you do not know how to
4:19
manage a small amount. You need to understand the concept of budgeting, creating multiple income streams, saving and investing
4:27
The road to financial freedom is the proper management of your income. 5
4:34
Get in the habit of reading It's through self-improvement that one becomes exceptional, which in most cases, leads to wealth
4:42
The rich are not interested because they have money, but for what they have learnt
4:47
Take away the money a rich man has and watch him grow his wealth yet again
4:52
Do you know why? They've learnt how to be valuable. One habit that is common with several successful people is reading because they understand
5:00
that the only way to grow is to continue learning. The more you know, the better you become and the better your chances of becoming a millionaire
5:09
Learning is an act of self-improvement and to grow, we all need to keep developing ourselves
5:15
from time to time. 6. Learn how to sell In life, everyone is either selling or buying
5:23
Buying means you get to spend your money while selling means you get to acquire some cash
5:29
So pick your side. Sellers mostly pick the side of selling, however, they ensure that what they are offering
5:36
is valuable and useful to people. The key to sales is making people see the value of a product or service
5:44
If you offer people something valuable, they will, in turn, offer you money in exchange
5:49
for your product or service. Learning how to sell means that you have to understand that people will only trade their
5:56
money for things that they find more valuable than the money they just spent
6:02
So always provide value for people if you want to be a great salesperson. 7
6:10
Learn how to market You're probably wondering if there's a difference between marketing and selling, right
6:16
Selling deals with the need of the seller while marketing deals with the need of the buyers
6:22
So selling is about the salesperson because they need to make money while marketing is
6:28
about the buyer because they need to see the value of your product or service
6:33
So it's like this, after producing an incredible product, you sell because you need to make money
6:41
However, you market something as a solution to a problem. You can track sales with profit while marketing by the customer's satisfaction
6:49
Even if you do not have a product or service to sell, then you need to learn how to promote
6:55
yourself to your employers. 8. Master networking According to award-winning entrepreneur and keynote speaker Susan Sulovic, people do business
7:06
with people they know, like and trust. Networking is giving people a chance to see how valuable you can be to them
7:15
It shows people that they can trust you and trust you to meet their need as far as your
7:21
field is concerned. It's not about what you can get from people but what you can do for them
7:27
Whether you're an employee, entrepreneur or freelancer, you need to identify the ways
7:32
you can help people achieve their goals and then show to the world how valuable you are
7:37
to them as far as that field is concerned. The more people you meet and help, the more your chances of making more money. 9
7:47
Learn how to lead Remember what we said earlier about mastering a craft
7:52
If you do, it means that you'll become a leader in that field
7:56
To lead, however, requires more than just adequate knowledge of your industry
8:01
It means that you need to know when to take responsibility and initiative when tough situations occur
8:07
Most importantly, you should know how to inspire not only yourself but others as well
8:13
even when all hopes are gone. Colin Powell once said that, leadership is solving problems
8:19
The day soldiers stop bringing you their problems in the day, you have stopped leading them
8:24
They have either lost confidence that you can help or conclude that you don't care
8:29
Either case is a failure of leadership. Being rich is about helping people to achieve their goals
8:36
Inspire, teach, mentor and lead them. To become wealthy, you need to be willing to lead others as well
8:45
Thank you very much for watching our videos. If you like this video, watch more videos on our channel and subscribe
8:52
We love you
Business Education
Finance
Financial Planning & Management
Investing
