The Truth About Becoming Rich

1. How much do YOU make?

2. 1m a year isn't rich. It is affluent but not really upper class.

3. Love what you do and you will do it better is equally apt.

4. You may not love something initially but with time it may become the sole thing in your life.

I know lots and lots of millionaires who would disagree with you. You can get plenty rich doing work you dislike. You can also die penniless doing work you love. There is no connection between doing work you love and becoming rich.

Now, if you mean rich in non-monetary means, then there is more validity to that, but even that is still pushing the boundary....

You can become rich by doing things rich and wealthy people do.
Study the wealthy. They put themselves in front of money.
They own stores, restaurant chains, gas stations, etc.
They invest in gold, forex, platform trading.
They are many ways to become rich and no you don't have to love
what you do to become wealthy. It's great if you do love what you do though!

Well said, OP! I hope that you are right!

Well said. Anyone can learn how to make their passions monetizable.

Same with the principle of Pierre Morad Omidyar. Whatever he is now, that's because he love what he do.

Nice share albert. I want to become reach and this post of yours is a quickstart guide.

What you're talking about is becoming the "New Rich."

Tim Ferriss - in his book, The 4-Hour Work Week - explains that he met a man who had incredible amounts of wealth, even spending 6 figures at a casino like it was nothing. He was very financially affluent, certainly, but when Tim asked him if he loved his work, the man responded by explaining how much he HATED running his business.

He was a rich man, financially, but he was miserable in what he did. He was "rich", but he was not part of the "new rich" that Tim talks about.

The new rich are those who are genuinely wealthy, who love what they do for a living (Even if it means earning less money than doing something more fiscally rewarding) and are able to live a happy and fulfilled life each and every day.

Knowing this, I believe in what you're saying, as you're supporting the life of the new rich, where wealth is strongly rooted in financial abundance, but involves more than just that.

You post is very inspiration to help me what I want to money goals in life

http://www.warriorforum.com/mind-war...-give-get.html

The truth is that it works for very few.

Joe Mobley

Good stuff man!

You get rich at doing what your GOOD at not necessarily what you love. Many people avoid making their hobbies into work for a reason...

The truth about becoming rich is contentment.

I do believe on it ,
to get success it is essential , for core success it very important to love your job .
I love my job my job is designing and I do it always by my heart .my love respect and all hearty method goes to my job,my designing is my child I love it more than my self.

Agreed - you do not need to love what you do to get rich, HOWEVER, it is a huge advantage to those who have passion in their word because they have the natural drive that sets these people apart.

Yeah you're beginning comment is a matter of opinion. You can get rich doing many things that you don't love to do. If you're taking out the simple, lotto winner or inheritance or stock spitting folks that get rich, then yeah it helps to get rich, and is much better getting rich, while doing something you love.

But there are plenty of things people love to do and have passions for that won't make them a nickel. So just blindly following and working at something you love doesn't mean you're gonna get rich. Far from it.

Let me rephrase that. You have a better chance in becoming great at what you do if you love it. Being great at something improves the odds that one will make more money.

I personally think about what we study in school all the time because it fascinates me. I then think of new ideas and ways to improve on what I have learned. This should essentially make me better at my job. Once I graduate, I hope to be one of the best in my job which should bring in more money. Right now, I'm doing IM and love it. Its only been a few years but I not only enjoy it, I also think about it round the clock. It really is a fun job for me and I am not rich per-say but I am doing better than most.

My 2 cents. Hope it helps.

Awesome post and yes is a matter of perspective but I have a view

If you follow your heart, and love what you do, youll always be rich as the payoff you get will keep you getting back up when life kick the s**t out of you (and it will) wealth takes foundations and foundations take discipline, life will test you and if your not secure in your faithof what you follow to create wealth then youll give up, as money isnt the core, happiness is.

Iv been doing what i do for 20 years and the first 15 i was called a failure im not mege financially rich at the moment, but that will come, but i am abundant! Through it i nearly lost my lidfe three times, friends, health and happiness all taken at some points, but my passion in what i wanted to achieve carried me through to get back on my feet and grow.
So what is wealth? welath is having more money than your lifestyle needs - fear NEEDS big material wealth, a healthy mind wants what is wants but dosent NEED (except the obv like food house etc...)

Have you seen the story of Stallone and the rocky story

watch it its mint

Tony Robbins tells Rocky story - YouTube

ps how do you embed videos on this forum? Im just posting links at the mo

Bull... the secret to riches is offering to do for others what they are unable or not willing to do for themselves and charging for it. Then hire those to lazy to think for themselves to do the work for you. You don't have to love it.... you just have to do it.

But it helps if you love what you do.

Most guys love having sex with beautiful women but not many can be porn stars and will starve to death if they try because there is no shortage of men who will render that service for free.

However.... Making plain Jane's look and feel better about themselves by creating and selling fantasy portraits to them is fun and highly profitable for those who are not to lazy to just do it.

Cheers,
Steve

Well being a porn star is an extreme example but I know a girl who went to college to learn how to make deserts (8 month college). Within 2 years, she's up to 55,000 a year which isn't all that bad. But lets use general cooking as an example. Imagine living and thinking all day about cooking. If someone loves cooking that much, they will figure out sexy techniques on how to cook better. They will experiment and think of it all day. All this thinking leads to creativity. On top of that, say they are smart enough to go to some college to learn all aspects of cooking. Now they know what the top pros know plus all they think about is how to cook the perfect (this or that). They blow up the kitchen and get positive feedback left and right. This furthers motivation to further improve. After 10 years (according to psychology) they are considered an expert. In psychology, 10 years of practive (4 hours or more per day) turns people into experts in the field. Next thing you know the cook starts becoming famous in the field since he or she has their whole heart into making good food. Then, an idea spurs to write a cook book and BOOM! Riches.

I hated being a tanker in the military but I was good at being a soldier and so I was promoted quickly. I dropped it after my 3 year contract was up. I really wanted to be military intelligence. I would probably still be in the army with as a high ranking soldier at this point. On the other hand, I love IM and I love psychology. I'm a master at psychology and have odd abilities most people don't have since I think about it all day. So I went and got a degree in psychology and am in a masters program for industrial/organizational psychology. I plan on opening up a business on the subject and I know I will excel without a doubt. But my general psychology program was based mostly on social and cognitive psychology and I sit here and email the white house with ideas non-stop only because I'm into it. I also love IM and in my 3rd year now, I am doing pretty well but not a millionaire just yet... But I think I will be one day BUT I LOVE IM. I really enjoy it whole heartedly. I think about it all day when I'm not working and this is a super competitive job. I could have gone to MED school and became a doctor but biology is not my thing at all. I'd probably be at 80k a year with that job which isn't bad but I think doctors who love being doctors are the successful ones. Its all relative.

Doctor who LOVES being a doctor = Easy millionare

Artist who LOVES being an Artist = Hard to achieve, but eventually will be a millionair

Writer, cook, business analyst, actor, plumber = Hard to achieve, but if they truly love it, they will be a millionaire.

I think anyone can be a millionaire once they hone in on what they love and grind it out to their millions. Its those that jump into law or a medical career who end up mediocre in their field since they are ONLY doing it for the money. But, in acting, it is hard as hell to make a living but if someone loves acting, hey.... He will make the audience believe he is a cowboy or whatever since he is having fun in front of the camera. Its not work if he loves it. Its paid entertainment.

IM is paid entertainment for me. Even in the first few months when I ate all kinds of crap, I enjoyed dodging bullets and progressing. Dodging bullets came with the territory. Its all part of the job in IM. Just like the possibility of getting sued as a doctor is high, true doctors will anticipate the possibilities, ect..

I know some may disagree, but loving what someone does is 75% of the battle. In essence, doing what you love will bring you 75% closer to your goals. I will have to review scientific journals to see if this is a scientific fact or not, but I'm pretty sure its a fact.

If someone makes millions doing what they hate, they should look at the top dogs of the industry. Many lawyers are millionaires but the top lawyers are mulch-millionares. IMO.

Ok, I found a research study that states:

"job satisfaction was positively related to both income and quality of life"

This means that job satisfaction is correlated with income and quality of life. As job satisfaction rises, income rises as well. (and quality of life of course).

The research also found that love of money was negatively correlated job satisfaction meaning the more people love money, the more they are dissatisfied with their jobs. I'm sure most people like money but some people worship it I suppose.

It also found that full-time working, high-income males quality of life lessened as they got richer. I wonder if this has to do with some people going haywire after they get rich? Imo

It also found that income was unrelated to quality of life for medium to low income males.

Here is the entire abstract which is a summary of the entire research project:

ABSTRACT. This paper examines a model of income
and quality of life that controls the love of money, job
satisfaction, gender, and marital status and treats
employment status (full-time versus part-time), income
level, and gender as moderators. For the whole sample,
income was not significantly related to quality of life
when this path was examined alone. When all variables
were controlled, income was negatively related to quality
of life. When (1) the love of money was negatively correlated
to job satisfaction and (2) job satisfaction was
positively related to both income and quality of life,
income was negatively related to quality of life for fulltime,
high-income, and male employees. When these two
conditions failed to exist, income was not related to
quality of life for part-time, median- or low-income, and
female employees. This model provides new insights
regarding the impact of the love of money and job satisfaction
on the income–quality of life relationship.

Journal of Business Ethics, Volume 72, Number 4 - SpringerLink

Thanks for post, really great examples. Only millionaires out their who become rich without doing what they love is lottery winners, and "people with dumb luck.

I throw my 2 cents in as well. There a family of rednecks from Louisiana who love hunting ducks. And they made millions off a selling their family made duck calls, you may have seen them on A and E. To me most of the things that they do are pretty stupid but they have fun doing it.

I like your post. It's inspiring and great. However, people are not the same, the path to wealth is not just one. In the end, what we do and how we think and feel will be factors that will determine if we will be rich or not.

I would disagree about needing to love what you do to get rich too. There are plenty of millionaires and billionaires who simply love money and will do anything to get it. You can't possibly say that they love everything, or even anything they do to make money -- they just get up out of bed every morning and do what it takes whether they like it or not.

The truth for me is there is no limit of becoming rich. If you be more rich you want to be more than more.

You forget that becoming a millionaire also means to have an ability to accumulate wealth. A successful lawyer who earns 500K a year,and spends 600K will never be a millionaire, he will be broke. For most people it is somewhat hard not to spend it all.

I know a lady who worked at a day care and hated her job with passion. Then one day she had the opportunity to buy the day care from the owners, and suddenly she was the new owner.

Now she LOVES going to work and is super passionate about it, because of all the money it makes her.

So would this be a case of doing what you love?

"job satisfaction was positively related to both income and quality of life"

That quote in itself is a scientifically stated quote with an experiment that proved job satisfaction contributes to income. How much does it contribute exactly? I don't know but it is a significant contributor to income. I'm not talking about love of money here. I'm talking about love of job. Loving a job will keep workers motivated and creative.

"job satisfaction was positively related to both income and quality of life" speaks for itself.

Of course not all rich people love their job. Some hate it. But by loving what you do, it enhances the possibilities to gain a higher income. With that being said, imagine someone was completely in love with his work.

I don't agree with you OP. How many lawyers or accountants really love their jobs? Surely you're not implying that all of them love their jobs?

Well I'm a programmer and I do love my job. But my colleagues who hate programming earn the same as I do.

I do not know what to say. I like to belive that we can be rich by doing what we love. Atleast that is what I belive now. May be because I do not have any other go. Hope it helps me.

The best truth of becoming rich that you will have to respect money. Money comes slowly, but goes too fast. So, be careful while handling money.

"A man must learn to sail in all winds."
Some may love their work and may be rich while others hate theirs and still get rich.
But to be great and successful, you must know how to bend and stretch.
Just be flexible and happiness, however small, will come.

just my 2 cents.

Jing Quimpo
The taller the bamboo grows, the lower it bends. Chinese proverb

Definition of rich is doing what you want to do at the time you want to do it. That's rich for me. Many rich people who are miserable and many poor people who are miserable. So its' all depends on you and what your definition is. I am grateful for all that I have at any moment.

Making some money is thing we do when we get bored and become rich is a bonus

getting rich and happy is relative...

You become rich by associating yourself and networking with people above your level. Think big and grow rich guys. Good luck.

I disagree. Vincent Van Gogh loved what he did and was a great artist, but was poor his entire life and only sold one painting in his entire life. His brother supported him.

You definitely don't have to love what you do to get rich, infact many people who are rich don't love love what they do, it's just a means to an end.

The truth about becoming rich is that your not actually rich until you get contented on what you have.

After giving this question some more thought I have changed my opinion from my previous replies.

It all depends on how you define "RICH".

If you make millions doing something that you hate then you are not truly "Rich".

If you have good health, lots of friends and family who love you and you work at something because you are passionate about it and you love life and are earning enough to live the lifestyle you want.... then you are richer than a multimillionaire who is miserable because he or she hates what they are doing.

Money is very important but my definition of "Rich" is being able to do what you want to do, when you want to do it and having enough money to do it. If you hate what you are doing and have no time/freedom... you may have a lot of money but you are not truly "Rich".

Cheers,
Steve

The truth about becoming rich is not only working hard but working smart.

splendid opinions learn alot of point of view on how to be rich.

I was always raised to get a good degree, get a good job that pays well, and do what I love to do on the side.

I don't think anybody in this world does not want a comfortable lifestyle. If I was doing what I wanted to do and truly love, then I will be earning about 23k a year and living with my parents. With the potential of earning 40k a year at the height of my career ladder.

I realized I would rather earn bucket loads of money, live comfortably, and give my money away to organizations that I know will fulfill my dreams.

THe truth about becoming rich is not true.