4 Surefire Ways to Achieve Wealth and Success and Start Living Like No One Else

Success and Wealth: Why You Must Start Living Like No One Else

Sometimes it seems people have the magic touch that provides them with an easy path to wealth and success. However, unless someone inherited a fortune, they likely had to work very hard to get to their current status. In many cases, those who outwardly look successful do not actually have the financial situation that matches appearances.

If you want to be successful and financially secure, you need to be ready to work hard and put forth the effort to achieve your goals.

Mediocrity today equates to being broke or otherwise financially stressed. If you want to achieve something better in life, you need to change your habits, create a plan and get started working on it today. Here are some tips:

4 Tips for Wealth and Success

1. Setting Goals

You may have a general goal of being financially secure and not having to worry about how you will pay next month’s bills. However, you need a more specific goal so that you can create an actionable, long-term strategy that gets you to your desired point.

Some people have a desire to live a truly extravagant lifestyle. Others want to live modestly, travel a bit and not have to worry about finances. Define your goals and prioritize them.

For most people, paying off all debts is the first milestone event that they need to reach.

This includes paying off car loans and mortgage as well as credit cards and other debts. Therefore, your first action item in your plan will involve a debt reduction and elimination strategy.

Make your plans S.M.A.R.T. That means Specific, Measurable, Attainable, Realistic, and Time-based.

Depending on your situation, some of your financial goals will be short-term, some long term. Setting goals is a work half done in achieving dreams, and you are more likely to get there if they are realistic.

As James Cash Penney, founder of the nationwide successful department stores said:

“Give me a stock clerk with a goal and I’ll give you a man who will make history. Give me a man with no goals and I’ll give you a stock clerk.”

2. Start Saving Up

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People who are already living on a tight budget think that they do not have enough money available to make a huge dent in debt reduction efforts. The thought of saving money on top of making extra debt payments can seem impossible.

When you do not have money available in savings to pay for expenses related to setbacks and unexpected events, though, you usually have no choice but to charge your credit cards back up. You simply must have an emergency savings account available to draw from.

In order to find money to save, you need to consider all options.

For example, if you have a recreational boat, sell it. You can eliminate your boat loan, gas, insurance, and other related expenses. You can also take on extra work as needed, and you can use this money for savings and debt reduction.

Many people are wasting money on regular expenses and purchases that are simply not necessary. Identify ways that you can cut back, compromise, and you could potentially find a few hundred extra dollars or more to work with each month. Be patient with your financial plan and frequently track and revise all expenses.

When it comes to creating the right financial habits, every dollar counts. That’s a necessary step on your journey to reaching wealth and success.

3. Work on Your Future

To find an extra buck to allocate toward debt reduction and savings, you may need to make significant sacrifices. These are sacrifices made today so that you can have a more enjoyable and stress-free tomorrow.

When you put your future first, you will be on a better path that helps you to achieve your goals.

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Remember that debt costs you money each month in the form of interest charges. Late payment fees, service fees, and other additional fees may also add up. Simply eliminating your debts can help you to save a tremendous amount of money. The more money that you can allocate toward debt reduction today, the more money you can save on debt-related charges going forward.

Making sacrifices and living on your own terms is essential for wealth and success.

Some steps that you can take include downsizing to a smaller home and becoming a one-car family. You can even sell the car and move closer to work to cut expenses. You can organize a yard sale or sell unused items online. Getting rid of an old bicycle or unused juicer might mean putting an extra dollar to your debt-reduction account.

Also, you can become minimalist for a certain time and avoid buying anything except essentials. Only buy items that are needed and buy them on sale or with coupons when possible.

Take Warren Buffet for example.

Worth billions, he still makes sure his breakfast doesn’t cost more than $3.17. Stop spending your paycheck dining out and make plans to reduce social expenses as much as possible. Only visit family out of town once a year or invite them to visit you instead. Understand that you do not need cable TV and eliminate this unnecessary expense entirely.

The more that you can cut back through lifestyle changes, the faster you can reach your goals. These sacrifices may seem uncomfortable at first, but you will get used to them. In fact, when you begin to see that you are making progress with your goals, you will see that these temporary sacrifices are well worth the effort.

4. The Joneses Are Broke

It can be hard to see your friends buying a beautiful new home or neighbors getting a fancy new car. You understandably may feel pressured to keep up with the proverbial Joneses. Things are often equated with wealth and success

Change your mindset and how you view the accumulation of things. Understand that the Joneses had to spend a lot of money to buy those things. A new house comes with a large mortgage payment. A new car comes with auto loan payments for years. Think about all the extra money you have available to save and invest in your future because you have chosen to live frugally.

Buying things means that you are spending money.

Money spent on more liabilities while you are not debt free is not a road to wealth and success. When your friends realize that their purchases have driven them to the poorhouse while you are enjoying a more leisurely life free of debt, they may see that your frugal, minimalistic lifestyle is actually more enviable in the long run.

You have one life to live, and you need to live it on your terms.

You cannot find happiness, success and wealth when you are constantly trying to live up to ever-increasing standards that are set by those around you. Set your own standards and live by your own rules.

Your standards and rules should be developed based on the specific goals that you have for your life. When you take these steps to live like no one else, you can find the success and wealth that you desire regardless of what income bracket you are in.

About The Author

Michelle Laurey is a freelance writer who especially enjoys researching and writing on a rainy day. She loves producing stories on entrepreneurship, productivity, lifestyle, and relationships. Outside her keyboard, she spends time visiting cozy coffee places or takes long urban strolls with her boyfriend. She fights her fully embraced cheesecake addiction with spin classes.

Sometimes it seems people have the magic touch that provides them with an easy path to wealth and success. If you want to be successful and financially secure, you need to be ready to work hard and put forth the effort to achieve your goals. Here are some tips:

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How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money

How This Family Guy Makes $10,000/Month Online Teaching Others How to Make, Save and Invest Money - Interview with R.J. Weiss from TheWaystoWealth.com

This is an interview-style post with R.J. Weiss from The Ways to Wealth.

Hey R.J. What’s your background and what do you do?

I blog about all things personal finance at The Ways to Wealth.

Before I went full-time into blogging, I spent ten years in the financial services industry. Specifically, helping families buy the right type of life insurance.

During my time with a full-time job, I’ve always had different side hustles going on. From freelance writing, Amazon FBA, conversion rate optimization, to website design — there were many projects I pursued outside of work.

How did you start your career in finance?

I got started in finance straight out of college working for my the family insurance business. As I love the financial planning side of things, I choose to specialize in life insurance planning. This led me down the path to obtaining the CFP® Certification.

What made you start blogging?

The Ways to Wealth, which I started in 2016, has been my 5th blog.

The others mostly fizzled out most due to a lack of interest. But, in 2009 I started a personal finance blog called GenYWealth.com (no longer around) that had some success.

The idea GenYwealth.com was to write about what I was learning about studying to take the CFP®. The blog was, by all means, a success. I was able to gain valuable knowledge, pass the CFP® exam, earn some extra money and build up a good community.

I then took this knowledge and started a business blog, which allowed the insurance agency I was working for to generate leads.

I started The Ways to Wealth because my passion is personal finance–from investing to travel hacking, I love the challenge of optimizing my finances.

How was The Ways to Wealth born?

I didn’t have much of a plan for starting The Ways to Wealth when I purchased the domain name.

I was actually thinking it would be a niche site, which was inspired by Pat Flynn’s niche site duel. Then, I came across the income reports of Michelle Schroeder-Gardner and wisely changed direction to a more traditional blog.

This change came about 6-months after starting to blog.  I did a timeline of the site in one of my income reports.

What worked best when trying to grow the site?

I had a decent knowledge of SEO. So at first, I started growing the site with email outreach. One of the first posts I had about best investing books of all time, had about 15 links to it.

This was nice to start with but was quite slow to build up, as it can take a while to earn Google’s trust.

The big turning point came when I started to understand Pinterest. I spent a few frustrating weeks on the platform, then it finally started paying dividends.

I went from about 100 sessions a day to 1,000, which was huge for me at the time.

How did you get to 3 million monthly viewers on Pinterest?

the ways to wealth pinterest 3 million monthly views

I lay out my Pinterest strategy here. But at the core the idea is to:

1) Write high-quality content that Pinners want to click through, read, and share.

2) Pin to my own and high-quality group boards, with a keyword-rich description.

3) Continue to Pin my best pins across my own boards/group boards, ruthlessly eliminating Pins that don’t perform well.

One thing to keep in mind is impressions don’t mean much on Pinterest. What counts are clicks to your website. So, you want to design not for impressions but clicks.

What aspects of the online business are you outsourcing or automating and how?

The first thing I outsourced was Pinterest design. I’ll design about 30-40 pins a month, so this was big time saver for me.

Of course, it took some work to get going. At first, I hired 5 or so people on Fiverr. I found one decent designer but the work quality deteriorated over time.

I then went to Upwork and posted a job for a  graphic designer. I found a great team down in Argentina, who I’m very happy with.

I’m currently experimenting with working with a ghostwriter. A few of my latest posts have been transcribed from my recording, with the ghostwriter making sense of it all.

I can compile about 3 posts in 90 minutes, then take another 90 or so minutes to prepare them. Saving me around 3-4 hours per post this way.

What’s your main income stream and why do you think it works for you?

My main source of income for the blog is affiliate revenue. It works because the partners I do have are high-quality businesses, who deliver value and solve real problems. This makes it easy to naturally link to such a partner.

When did you start making more than $10K/month and what was the turning point?

My first month over $10K was in January of 2018. In December of 2017, income was around $3,000 and in July of 2017 around $500. So, it was definitely a jump.

What happened then in January?

First, personal finance is at its peak interest in January.

Second, I had multiple Pins go viral.

Third, in November I started driving traffic via Facebook to the site. So, in January I could take campaigns I’d been fine-tuning for a few weeks and scale them.

How do you balance work and family life?

I have a routine I stick to Monday through Friday.

When inside of my designated working hours, I work. When outside of these hours, I’m not.

This is a lot easier said than done. But the thing important for me is not to take work everywhere I go. This means I don’t have any apps on my phone that are work-related (email, analytics, etc..)

What are you 3 best finance tips for newbies?

  • Focus on your savings rate. How much you save is the most important decision you’ll make.
  • Small incremental improvements add up over time. My favorite example is increasing your savings rate 1% every quarter, means you’ll be saving 20% of your income in just 5 years.
  • Study happiness. Become a student on how to increase your level of happiness. The natural result is you’ll want less overtime, making the game of personal finance a lot easier to win.

What books, blogs or podcasts help you stay motivated along the way of growing an online business?

I read a fair amount to keep fresh ideas in my head.

My favorite podcast is The Tim Ferriss Show.

Two blogs I enjoy reading are:

Farnam Street
Barking up the Wrong Tree

And as far as books. I try to read one a week. A few books I would recommend to online entrepreneurs would be:

Deep Work by Cal Newport
The Compound Effect by Darren Hardy
The Four Hour Work Week by Tim Ferriss

Pin this post if you enjoyed the interview.

Check out my interview with R.J. from TheWaystoWealth to see how he entered the finance niche, started making money blogging, began bringing traffic from Pinterest and monetizing it with affiliate marketing, and is now making $10,000/month from his online business. #blogger #interview #blogtraffic #incomeideas #income