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15 Steps To Get Rich (Ultimate Guide)

The document outlines a 15-step framework for getting rich. It recommends establishing clear goals and breaking them down into smaller, achievable pieces. Additional steps include educating yourself, working daily, outsourcing tasks, saving and investing money through cash flow and appreciation investments, reinvesting profits, finding a mentor, building a network, and leveraging contacts to diversify investments. The framework advises living frugally when starting out and persisting through challenges, with the ultimate goal of selling the business to start again on a larger scale.

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Sourav Singh
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804 views2 pages

15 Steps To Get Rich (Ultimate Guide)

The document outlines a 15-step framework for getting rich. It recommends establishing clear goals and breaking them down into smaller, achievable pieces. Additional steps include educating yourself, working daily, outsourcing tasks, saving and investing money through cash flow and appreciation investments, reinvesting profits, finding a mentor, building a network, and leveraging contacts to diversify investments. The framework advises living frugally when starting out and persisting through challenges, with the ultimate goal of selling the business to start again on a larger scale.

Uploaded by

Sourav Singh
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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FRAMEWORK OF GETTING RICH

15 STEPS TO GET RICH


1) Establish the goal
a. ‘’every successful person out there writes down their goals’’
2) Break it down and do the math.
a. ‘’money is a number game’’
b. ‘’if you’re unable to break down goals into smaller pieces, you will
never achieves then’’
3) Educate yourself and build skills
4) Work every single day
a. ‘’the more work you put in, the quicker you’ll see the result’’
5) Get shit done.
6) Outsource repititve tasks to others
a. ‘’every successful person out there went 90% to 100% on their
strengths’’
b. ‘’you will never find anyone to work as hard as you do for your
business
7) Analyze and improve
8) Live like you’re poor
a. ‘’the longer you live like you’re poor when you don’t have to, the
richer you become!’’
9) Save to invest
a. ‘’most people think that you work harder in order to make money
so you can buy the things you want!’’
b. ‘’rich people work hard, to make money ,so they can buy
themselves money making machines.’’
10) INVEST
one should only make two types of investment at this point
a) Cash flow investments
b) Appreciation investment or capital gains
Top 5 most popular cashflow investments
 Rental income from real estate
 Certificates of deposit or cds
 Bonds
 Dividends
 Peer to peer lending
Top 5 most popular appreciation investment
1) Stocks
2) Real estate
3) Gold and silvers
4) Art and collectibles
5) Crypto currencies
11) Reinvest in the main business
‘’allow half of the money the business is generating you to go into
investments and use the other half to solidify and improve the barriers
itself’’
There are two ways of scalling a business
-horizontally= building new products
-vertically= better existing product
12)Find a successful mentor
a. ‘’successful people love to help other people became successful
as long as they prove themselves worthy’’
13)Build your network
a. ‘’at the top it isn’t lonely’’
b. ‘’your network is your net worht’’
14)Leverage your contact to diversify your portfolio
15)Sell the business & do it all over again but bigger
16)DO NOT QUIT WHEN IT GETS HARDS.

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