I can’t think of anyone that doesn’t dream of being so wealthy that they can afford anything they want. Whether it’s driving a Ferrari or owning that oceanfront mansion, to the average joe this just screams “I’M RICH”. However, being wealthy is about more than just earning money and owning all the fancy things in life. Believe it or not, the easiest path to becoming wealthy is to earn a small amount of money a lot! Ponder this for a moment, is it easier to earn $1,000,000 or just $1? Of course it’s easier to earn a dollar, and many wealthy people harness this fact and make it work for the!
I know, it sounds too simple and a bit obvious, but it’s actually a pretty amazing concept. For example, pick any fast food restaurant and think about their menu. Pretty much every one of them has a dollar menu, right? Do you think each location makes millions selling their food for a dollar? Probably not. But as a corporation they leverage the power of numbers, as most have thousands of locations across the world. So selling lots of low priced food in volume allows them to make more money than if they tried to sell their food for a more expensive price.
When most people think about becoming wealthy, they don’t look at the small things and merely concentrate on trying to find “million dollar idea” or award winning multi-million dollar company that will allow them to realize their dreams.
And with that, instead of implementing a strategy to earn money, they spend their time sitting around desperately thinking of that million dollar idea. What they really should be doing is trying to come up with an idea that would make a dollar, or five dollars or ten dollars over and over again, as based on what I’ve stated above will make them seriously rich!
Another factor to real, achievable wealth is to have several different streams of income. I’m sure you’ve heard this over and over again, but it’s true. Instead of focusing on one single high value income source, concentrate on numerous smaller income sources that are more easily achievable. You can truly become wealthy if you approach your wealth building from this angle.