In this article we’ll look at 7 steps to truly get rich, which include things that don’t necessarily have to do with money.

Being rich is not only about money, fame, and material possessions. There is much more to it than that.

This blog post contains affiliate links that we trust. If you use these links to buy something we may earn a commission, at no cost to you. Read our full disclaimer policy here. Thanks

1. Develop Your Gifts

Figure out the unique thing you do better than most people, and then become the best at it.

This is your gift. This is the thing you do with ease that most people can’t do. It’s the thing you enjoy doing and get massive amounts of energy while doing it.

Whatever this purpose, or gift, is, find a way to serve it to the world.

Monetize it by producing it, scaling it up, distributing it, becoming the best at it by honing the craft, and becoming a leader in the field.

2. Live Below Your Means

Living below your means, affords you more of an opportunity to pay yourself first and invest in appreciating assets (i.e. stocks, bonds, index and mutual funds, real estate, etc.).

CLICK HERE FOR 11 WAYS TO BE DIFFERENT WITH YOUR MONEY

You have to get to the point where you no longer care what people think, and you are content living a lifestyle you can actually afford. There is a real sense of self-esteem that comes with living below your means.

This means controlling your expenses and controlling your consumption. You cannot truly get rich keeping up with the Jones’s and the show.

3. Value Your Time

Being intentional with your time is a rich habit. The lazy person has the same amount of time as the hard working person. Likewise, the rich have the same amount of time as the poor.

Time is the only level playing field in the world, so how u choose to use your time is one of the most important decisions you can make.

If you don’t take control of your time, other people will. Click Here to read about 12 Ways Millionaires Manage Their Time.

This doesn’t require you to wake up at 5 a.m. or be asleep by 10pm. It simply means use whatever hours you are awake to the maximum.

In other words, get the absolute most out of whatever time you choose to be awake.

4. Take Risks

Rich people take calculated risks and embrace the change that comes from those risks. Living life afraid will keep you poor.

You have to be willing and able to move and do, despite fear and despite how hard it is. It’s ok to pivot, take a step out on a limb, and then go against the grain.

The passion and conviction has to be greater than the fear. To be rich you have to have courage, keep your faith through the process, and take risks.

Click Below for 5 Money Mistakes to Avoid in your 20s and 30s if you want to truly get rich

5. Take Control of Your Health

Eat well, drink lots of water, get plenty of sleep, and lose your addiction to foods that have little to no nutritional value.

Be sure to exercise and incorporate physical activity into your daily routine. Even if it’s just taking a good walk for 30 to 45 minutes a day.

What good is any of the other items on this list if you aren’t taking good care of your health and you aren’t here to enjoy the fruits of your intentional living?

The old saying that “your health is your wealth”, has a lot of truth in it.

Check out the effects of walking here.

6. Think Positive

Consciously managing your thinking is critical if you want to truly get rich. Your mindset is everything. Your thinking controls your behavior, so it’s imperative that you make it a habit to think right.

Listen to motivational words, read encouraging words, and create a routine that will put you in a positive mind frame at the beginning, middle, and end of each day.

This may mean prayer, meditation, reading, or listening to messages that are meant to grow your faith or build your confidence.

The key here is to bombard your mind with so much constructive thought that you don’t have a lot of room for the negative stuff.

7. Take Care of Others

In order to truly get rich, you have to have compassion for others and genuinely care and value others.

You have to find ways to give your time and your money to causes that you believe in.

Honoring people and treating them the way you’d want them to treat your mother, is important. Rich people tend to value people over things, despite the stigma attached to wealth.

This means making a concerted effort to help those less fortunate than you on a regular basis.

Bottom Line:

I hope these 7 steps to truly get rich are helpful to you. Whatever your definition of “rich” is, and whether or not you become rich, is your responsibility.

And remember, being rich is not about money or material things, but it’s about the quality of life you have and the quality of your life that you give to others!

Click Below to get 4 Steps to help you get the most out of your money

ABOUT THE AUTHOR

Eric is the founder of Smart Money Bro, a blog about empowering people and discussing practical ways ordinary people can be extraordinary with their money. He only writes about things that he has done, and that actually work.

He’s made mistakes and has turned his financial future around and is now in the position to help others do what he’s done. Read More