7 Steps to Generate More Wealth in 2021
By: Truong Di
Tags: Self Improvement, Money, Wealth, Careers, Life Lessons

Step 1 — Perception of Money

What is Wealth? First of all, ask yourself this question. Once you understand the concept of Wealth, then you can decide what to do with it to upgrade your life later.

Remember:

Wealth is not just the money that you have in your wallet or your bank account. It is everything that you own that makes you happy.

What comes to mind when I say “rich people”?

Many of you who are reading this article would say: “Oh, they are evils that take advantage of others. These are people who don’t care about others’ feelings and they give us nothing in return”.

Listen, when you have that sort of perception and it becomes reality in your life, your inner self will never let you be happy. It will never let you become wealthy.

When you have that hidden resentment with people who have money because you see one or two that misbehave themselves and then you think all of them are like that, your inner-divine being, your pure self, your true self, your higher intelligence will never allow you to become someone you actually want.

So, when you have that sort of inner voice that every time you see “rich people”, you just hate them, then how would you ever become rich yourself?

This is the first way that identity with Wealth is crucial. Next time, when you meet rich people, change your mind and the perception of wealth immediately, then imagine them giving food to the poor, taking care of their families, contributing to society, etc. You finally can manage that perception that goes inside your mind, then money or wealth will come easier to you.

Do you know?

Artists always want to change the world.

Some artists are really good at their arts and they want to change the world. But somehow they don’t have enough money. If you are good at your art, how come you don’t have money?

The thing is because you keep resenting it, you keep programming yourself that those who are wealthy are not true artists, because true artists are living for the art, not for the profits. No, it’s not. It’s the wrong perception! Who says that your art cannot generate wealth so that it can help more people and it can spread to the world?

Once the perception changes, so will your receptiveness change towards the receiving of wealth. This is the first step.

Step 2 — Work on Yourself

Do you know?

To generate more weath in the long run, you need to work hard on yourself, not to work hard on your job or your career.

The thing is many people work hard to earn a living. But that’s the wrong approach. Let me explain. I’m not saying that it is wrong to work hard. However, you need to work hard on yourself to become better. This is the most important perception.

If you look at many great individuals, those who are successful as the result of their art and as the result of what they contributed the hard-working on themselves, Henry Ford, Steve Jobs, Nicola Tesla… for instance, you will see they hone their skill sets, they hone their abilities, they actually clock in the time, they put themselves in the hard work to feel alive, to become better.

So many people work really hard on their jobs just to earn more money. It’s wrong. Their jobs become harder but they don’t become better. If you want life to be easier, all you have to do is to be better yourself. The focus should be working harder on yourself first, instead of trying to work hard to earn a living.

Trackback if you are currently not at the wealth level that you desire, then you should ask yourself two questions and change your mindset, change the perception of hardworking:

Do you really work hard on your job to earn a living or to live paycheck to paycheck every month?

to earn a living or to live paycheck to paycheck every month? Do you really work hard on yourself to become better every day so that wealth will come to you easily?

You know the answer.

If the problem can’t be solved, then you need to be bigger than the problem so that it can’t affect you at all.

Step 3 — Remove Guilt

Not everyone has guilt about money. But someone has the hidden punishment in their life that making a lot of money is just not true to their core.

I’m not all about money. I’m not all about making profits. I’m an artist. There might be some guilt that maybe if I just concentrate on making money, I have no time to create great ideas, I have no time for my family.

Who says that? Because you have that guilt, you associate yourself in the position that you are above everybody else, then you are no longer friendly to other people and you might lose your friends. So, that could be one of the inner resentments, the silent guilt inside you that you have with your money relationship. And it causes big problems.

Sometimes, if you are experiencing this, it means you probably have that configuration in your life. It is like a cycle, a period of time that you felt guilty, and then you actually pursue money or you tell people that you are interested in making more.

This could be one of the things that you need to remove out of your mind to generate more wealth in 2021.

Step 4 — Work on Your Dreams

Do u have dreams?

Remember when we were the kids, we said: when I grow up, I want my life to become this, I want my family to have that, I want to make the difference to the society by doing this, I want to change the world by doing that, I want to make this wish come true to bring all my family members to the wonderland, the whole family. And so forth.

To do so, all dreams need money. All your dreams to come true, need some money. You need to fill your dreams with money. If your dream is to impact the world, to change the world, it will not come free. This is a sad story but it’s true.

If you come to terms with that, then you know there must be a balance between chasing your dreams, which is the art part and creating profits.

You actually have to learn a few business skills, such as sales, marketing, PR, and advertising. This is crucial for you to become wealthy.

We see that sometimes someone is overly imaginative or too artistic, they are kind of people who tend to live in the fantasy world. They say it’s just going to happen to me, it’s all going to fall into the place.

No, my friends, it’s not. Because you don’t have a practical side in which you have to fill it with funds. Right? Money is not a bad thing if you work towards making dreams come true, especially all your dreams are noble.

You want to help your family, you want to uplift them or you just want to create memories for everybody else in nice places, you want to enjoy a slightly more convenient life, then you need some funds.

Go for it. Work for that purpose. That’s the noble purpose in your pursuit of wealth.

Step 5 — Automatic Investment

Okay, this article is not going to deep dive into what type of investment you can look for.

But here is the thing:

A certain portion of your immediate income should be allocated for the purpose of re-investing for going back to work harder for you.

You can allocate 10 or 20% of your income that is automatically deducted because otherwise, you know how it feels.

The thing is that when you brought 200 bucks in your wallet on that day, there is a tendency to be able to spend it all. Suppose you didn’t bring cash out that day, or you only have 10 bucks, then you can save some funds for yourself, or you can only spend 10 bucks. Somehow this is the paradox of money.

The more money you have, the more opportunities have to spend it. The less cash you have on hand, the fewer chances to lose it.

In general, anything that can help you to improve either your lifestyle, your knowledge capacity, or your ability to serve other people would be a good idea. If you don’t do it, you will spend it anyway. Remember your money needs to go out to work harder to generate returns for you.

But you may say: “Yeah, I know, but there’s no guarantee for returns. Well, of course with knowledge of what to invest in, there will be returns on investment for you.

For example, if you invest in education, that is a 100% return. Whatever you learn, it’s yours forever and you can use that to generate 10 times, a hundred times or even a thousand times returns because now knowledge that can be applied. This is a very important allocation.

“Yeah, so easy. I knew all about it”.

But did you do it? Did you take any action? Many people didn’t.

That’s the problem.

Step 6 — Contribute More in Your Career

Find out how you can make a difference in your career or the business.

Add more value to make a big change. You need to have an impact on what you are trying to create for your company. If not, it is very hard to increase your income. If you are handling some leisure money, you can use that to make an impact. People are using their savings to create better experiences for their clients because they want to add more value. It is a kind of long-term investment.

If your money is going to good use, if you can serve more and do more, generally the money will come back to you because what u have created is not just the clients, not just the customers but you have built lifetime followers and fans.

Adding more value is not spending a lot, it’s not spending a fortune on it. Well, you can create some videos, some free articles to teach your fans how to use profitable tools. Share some of your knowledge and your experience, write a free case study, or do anything that can help your clients to live a better life. That itself is adding value to your investment and it’s going to benefit you in the long run.

Many people say that giving out is doing enormous charity. It’s not exactly. I mean you are just starting a new journey. You just put a bit back to make your group of people who are supporting you a little bit better. Not just giving money away but making their experience better, help improve their knowledge, help solve their problems.

Your knowledge may be useful for them but even if you want to give these things out for free, it requires money. This article is how I add some value to you, my friends. You don’t need to do a lot but let do some small things. Over time, the process builds a lot of good reputation and good connection with other people.

Try that.

Step 7 — Ask for Better Rewards

Don’t be afraid to ask for better rewards

Because of how bad you handle money, sometimes you don’t feel you worth the value. If you value your own time and you value your effort, you should have the courage to ask for a bit more when you are giving so much.

Don’t be afraid to ask. Sometimes, you find someone is so timid to ask, especially Asian people.

“ Ouch… you know, it’s not nice to talk about money”.

But if you have done all of your works, you give out the best contribution, and when it’s time to get paid, write the proposal and ask for the price to increase. Go ahead and do it. You earn the right to do it since you have given value.

This is very important because many people don’t get more. It's because of how they handle the money. They think that they can pay more but they can’t get more. It’s not so nice to charge more.

No, it’s not. If it's of great value, you have mouths to feed to. You have people to take care of, you have the charity to support, you have communities that you want to make an impact. Hence, you can ask for it.

Ask for the fees and the rewards that you deserve.