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Most of you won’t believe the headline of this entry, but the truth is, none of these strategies or tips will work if you do not take action. The biggest mistake that you can do is read the article and decide there’s is no way you could implement all 10 techniques I outline below. So don’t. Instead, just start with one that resonates with you. As you gain more confidence, you will start to add more. (For those of you who stick around until the end, we’ve included two super-special bonus tips.)
Now that we’ve gotten the housekeeping out of the way, let’s get started. Here are the 10 ways to grow your bank account tenfold starting today.
Related: How the Founder of Dave’s Killer Bread Went From Jail to Selling His Business for $275 Million
1. Develop new skills
The more valuable you become, the more you earn. What new skills have you developed in the last six months? If the answer to that question is none, then that might be one strong reason that the money in your bank account hasn’t increased.
In this day and age, there is an unlimited supply of free online courses, master classes, webinars, books and online publications that can teach you almost anything. You have to take the initiative and enroll or purchase these courses or content.
Instead of listening to your favorite radio station in the morning, listen to an audiobook on Audible or a podcast in a field that you are interested in. Instead of watching Netflix during your lunch hour, spend that half hour watching a Masterclass or a pre-recorded webinar. You have to be willing to make the time.
If you want to be a millionaire, you need to impact a million people. If you want to a billionaire, guess what? You need to impact a billion people. How many people are you impacting right now? More skills usually means more impact.
2. Make money first. Save money second.
This holds especially true during the formative years of your life. Rather than preserving money when you don’t have much, you should reinvest it in whatever you can test, attempt or construct in order to generate additional revenue. As soon as you’re excellent at making money, you’ll have access to a whole new universe.
Let’s compare this strategy to sports. In sports, scoring points is when you are on the offense. Think of making money as the same thing as being on the offense. It is true that in any sport you are going to have to learn how to play defense, but it is impossible to …….