Have you ever found yourself wondering what it takes to be wealthy as opposed to being rich? Have you ever wondered why both appear to be so close yet so far at the same time? Thanks in large part to university debt from both undergraduate and graduate school, consumer debt, and my increasing awareness of how the world truly works, I’ve been forced to think critically about my approach towards earning a living. I’ve thought more in-depth about questions such as:
- What is it that drives me?
- How do I get to where I want to be professionally and financially?
- Have I been giving a full disciplined effort towards my goals, asking the right questions along the way, and meeting the right people up to this point?
- What is it like to just live, not live “within my means” with restraints?
What I’ve concluded is that no matter what question I ask, the need for a true understanding of how money works from the perspective of the wealthy or from the perspective of those who create the rules is necessary. That’s because money is the tool that allows for a full array of options, whether that’s an option for a particular standard of living, an option for how you help others, or any other options where there are varying degrees of quality at stake. No matter what your desired discipline is, it is imperative that you understand what to do with your money once you receive it and the options that are at play based on what you’ve received it. My curiosity and desire to live in a world where my options aren’t limited is what has driven me towards dedicating my time to cracking the wealth code, in pursuit of financial freedom.
As I’ve begun to study the moves of some people who have successfully reached their version of financial freedom, I’ve noticed that there are particular habits that pop up regularly. Before getting into those, it’s best to establish a basic understanding of rich versus wealth. Robert Kiyosaki, the critically-acclaimed author behind Rich Dad Poor Dad, simply defines the difference as “the rich have lots of money but the wealthy don’t worry about money.” This simple differentiation makes sense when you consider why certain groups of people, such as lottery winners or professional athletes, tend to go broke despite having accumulated large sums of money at a point in time. The common thread found between those groups is usually a lack of financial literacy that fosters the habits of a poor person regardless of the number of commas found in their bank accounts. It goes to show that anyone can strike it rich, but it takes a specific education and discipline to acquire and maintain wealth. With that being said, I would be remiss to ignore the troubling, yet crucial fact that much of the wealth in America was inhumanely and immorally built on the backs of slavery, war, theft, deceit and conquest. While the country’s scarred past makes it unfairly difficult for large portions of the population to overcome stolen identity, culture, and generational wealth, it’s no longer impossible thanks to this current age of information. Thankfully, we’ve reached a point where the education to financially prosper is available to everyone with access to the internet or to a library. Unfortunately, this critical education is virtually non-existent throughout the school system. As currently constructed, many students complete their formal education still oblivious to the most basic levels of financial education. This should be the most critical teaching of them all. Otherwise, how can you make an informed decision as to how you should go about earning a decent living if you aren’t even adequately educated on your options? Due to this miseducation, every current generation faces the same issue of being ill-equipped to build and properly maintain wealth regardless of their chosen discipline. Instead of just accepting the system as is, I believe that everyone should strive to become wealthy and take on the responsibility of learning all of the necessary steps. With each passing year, seemingly stable jobs disappear due to automation and leave hardworking everyday people fighting for scraps. Because of this reality, I believe now is the time to really dig deep into how the much-maligned top 1% of earners are playing a different game. While all of this may sound simple to do in theory, it’s obviously not or everyone else would be doing it successfully. So how does one go about learning these important skills and implementing them in practice successfully? I don’t know, but I also didn’t know anything else until I took the steps to learn it. This is no different. All of the subsequent steps toward figuring this out will follow throughout the rest of this site, and my hope is that as time goes by this can become a place of idea exchange for collective growth one post at a time. This is where the journey begins.
The first place each person can begin, regardless of their income level, is with their own mindset. There’s roughly 100 trillion billion million thousand books and videos out there that claim to aid with the training of your mind and often preach cliches such as the “law of attraction”, “speak it into existence”, and many other phrases that undersell the importance of good old-fashioned hard work. There’s nothing about any of this path towards wealth-building that is easy, as is the case with anything else in life that’s worth something of value. At the end of the day, nothing matters if you aren’t willing to start by setting a goal, seek out a path towards that goal, and subsequently block out all things (including social media if necessary) that could significantly detract from that goal. The establishment of good habits and discipline comes before all else, yet too many people ignore this and think they can reach their desired goals by going about their business the same way they’re used to doing. There’s not one mental strategy that works for everyone, but there are tried and true methods that work among some of the most wealthy people in the world, regardless of how they got their initial start.
The simplest thing you can do is to train your body to wake up early in the morning (5:30AM for example) well before most businesses are open. There’s no such thing as not being a “morning person” if you go to bed early enough. This simple move allows for uninterrupted time to accomplish many things that are easily interrupted when many other people are out and about, such as reading, exercising, laundry, and numerous other activities. By committing to the completion of certain tasks during the early parts of the morning, you allow for more efficiency during that period of time and that’s more likely to open up more useful time throughout the day.
None of that matters, however, without consistency. Progress isn’t necessarily measured by how well you do on an isolated day. Instead, progress is better measured over the accumulation of days during a given period of time. Because working towards a specific goal can sometimes be overwhelming from a macro point of view, it’s usually best to break that larger goal into smaller, more tangible goals.
In order to tie it all together and establish some accountability along this path, another simple thing that anyone can do is to express their goals and related plans to people close to them or with someone they interact with frequently. Chances are that you’ll be asked about those goals at some point again by those same people, and there’s few people who enjoy entering a conversation without the ability to speak on any progress they made towards something they openly committed to. This also has the potential to open doors that were previously unknown. For example, telling a family member or a fellow friend about your plans to get into real estate could lead to a connection to someone else who’s already successful doing what you’re aspiring to do. Closed mouths never get fed, so it’s hard for people to help you if no one knows what you’re working towards.
The mental aspect of this journey is just as important as any sum of money, and committing to discipline, consistency towards learning, and the application of that knowledge is paramount. Just like with a sport or any profession, the ones who stand out are the ones who put in dedicated work when no one is looking. The easiest thing that anyone can do is to proactively control everything that’s within their direct control because opportunities typically come without warning and reward those who are consistently putting in the work. The aim of this site is to shed light on various methods, events, books, government aid, and any other resources that are available to the vast majority of people interested in learning how to crack the 1% code. I’m not alleging to have all of the answers, but I am guaranteeing the consistent effort to find them and share them with the world.