10 Steps to Build Real Wealth Starting from Zero

If you’re starting at zero, how do you get to 100. You move right? Slowly but surely one step at a time. Some things help you move faster, if you’re a genius if you’re ruthless or if you’re good-looking and charismatic and you know exactly what you want.

In the middle of all of those things you’ve got some of it but not all of it how do you build wealth then? Well, we have it here okay one step at a time but it doesn’t all happen in your bank account. Okay you build it as you build yourself so let’s get into it.

1. The Mindset

Now don’t let people tell you that changing your mindset or your core beliefs is one of the hardest changes to make. It’s hard sure but not the hardest. Because the process to change it is just a constant push back on impulsive thoughts and temptations. You practice saying no to yourself and you practice questioning yourself. The earlier you start this in life the easier it becomes to mine out your bad money habits and replace them with good ones, and you can start this right now.

So, here’s what you always have to remind yourself of, first of all money is a tool not the goal. Seeing money as a tool will help you to understand how to use it to create more money rather than just earning it to spend it. With that mindset it’s easier to take money from shopping and put it into Investments because it doesn’t feel like you’re missing anything. Second, I’m playing the long game Here. Building Wealth is boring okay it takes a long time and at first it won’t look like the needle is even moving at all. So, you have to train yourself to be super super patient. And, the third I can learn anything I need to succeed at Building Wealth; money can’t hear your excuses doesn’t have the ability to feel sorry for you because you had a hard life with no financial education. If other people can learn then so can you.

2. The Action

Now over time as you repeat those three sentences over and over or you repeat your own madeup mantras about the wealth you want to build. You’ll start noticing that some actions do become easier. Thinking of different income streams and being creative with how to make money aside from your normal job is starts to feel like second nature. Thinking twice before swiping your card for an impulsive buy becomes normal.

Finding cheaper ways to have fun and investing what you’ve saved. Even if it’s a small amount becomes a normal part of your day. The actions are small and barely even noticeable at first, they’re not a total personality overhaul or behavioral change that takes some time but those small actions still build up.

3. The Behavior

Now your very nature and the way you relieve stress and feel relaxed and happy changes. You see right now most people relieve stress by letting loose and doing something that costs money shopping, eating, treating themselves a massage, going on a trip. These things add up right especially when you’re stressed like three times a day.

As your mindset changes and then your actions change the way you relieve those stressors will change too. You’ll find peace in putting that money away rather than spending it and then you’ll get creative about how to deal with any emotional and mental challenges that come up.

Bill Gates likes to read, Warren Buffett plays the ukulele, Jack Dorsy he goes for a run I mean you need something that you can do that doesn’t cost money and once you have that everything becomes a little bit easier.

4. The Distribution of Money

How will you spend your money when you’re trying to build your fortune. In an ideal world you’re supposed to spend 30% of your salary on savings, 30% on rent but you’re trying to build a fortune here not merely do the bare minimum.

So, the first thing you need to do is get a good job. One that will increase that contribution, then you need a second job to increase it even more, then you need to cut back on your spending then you need to invest in property so that you get accustomed to acquiring assets. That percentage distribution stays the same but you increase the amount because of the work you’re doing.

5. The Vision

Now that you’ve carefully created a set of behaviors that automatically moves according to how you want to spend money, save and invest. You’ve got your system there and once you’ve got that you start realizing just how important it is to generate more and then you realize to generate more you can’t be bound by time.

You can get a second job sure that is extra income but that is also capped. You need to figure out a way to burst through that earning ceiling that’s going to take some kind of vision, some ideas something others might think is crazy. You don’t need a business to build wealth; you don’t have to be an entrepreneur. But it’s going to accelerate your journey even if you don’t succeed at first. Which based on statistics most people don’t.

You’ll still learn so much about how people buy and spend and what it costs to run a company and the work it takes to build that wealth.

6. The Enthusiasm

It’s going to be a crazy journey and the only way you’re going to make it is to get excited about it. The good the bad the setbacks, The Comebacks you’re going to have to throw some enthusiasm into every corner.

Taking on that second job so you can increase your investments you better get excited. Starting a new business to be able to break the earnings glass ceiling find some joy in it even when it’s crazy the fear and doubts are going to be there no matter what. You have to push them back with enthusiasm and excitement about the future and what you’re aiming to build.

7. Weigh The Risk

Anyone who’s currently successful will tell you that their path was not a straight line to the top. Most of their stories will go kind of like this, they became successful they thought they were safe and they celebrated and then they lost it all and had to start over again.

You have to take risks if you want to build wealth and sometimes those risks are going to knock you over but you worked your way up from nothing before so, it’s easier to do it again. You have to become accustomed to taking risks. You can’t let them stop you and hold you back you’re never going to reach your goals if you let that fear control you.

Which means you’ll probably be telling the same story as other successful people, but you’ll be doing it from the top floor of your Penthouse so it all worked out in the end right.

8. Take The Plunge

You spend 10 years slowly building your wealth with compounding investing, buying real estate as an asset and then trying out one or two small businesses here and there to learn the ropes. There will be a moment when you look at your finances and realize that you’re now well and truly on your way to Financial Freedom eventually.

This is a real turning point because you realize that if you keep going at your current Pace you could be okay in the future. You could have a semi decent Nest Egg, but if you push yourself and up the ante you have the chance to multiply what you have in a much faster time period. So, what do you do, you take the plunge and risk what you’ve built in the name of reaching your goal faster or do you decide to play it safe even if it means falling short of your ultimate goal. You plunge of course because that is how you build.

9. Experience The Failure and The Fall

So, let’s say you’ve been saving and investing for years and you’ve taken a risk that hasn’t panned out. You’re back at zero except now you’re older and you have to work through some of the shame but eventually you realize you just have to keep on going.

This is going to happen probably a few times throughout your life. You’re going to put your money into an investment win and lose some of it put more of it in and then something will happen that takes every everything away from you and it’s not just in your investments or business.

You might go through a divorce a family health issue a natural disaster that destroys your home. Even if you try to avoid risk these things could happen. It’s part of the experience of building your wealth. It’s not going to be a continuous accumulation of money there might be times, when you have to take two steps forward and three steps back and you have to get used to that feeling because you have to keep on going.

10. Get To Know the Feeling of Compounding

Now this is the part where things start to change. All of those small seemingly insignificant actions that you’ve been taking they start to snowball. Your investments are growing; your income streams are stacking up and your bank account looks different than it did a few years ago. You notice the shift not just in your finances but in your confidence.

You’re no longer just surviving you’re thriving. It’s not Magic its momentum and while the rise feels good don’t let it trick you into thinking that you’ve made it. You’re still in the game and now the stakes are higher and the rise isn’t just Financial, it’s mental and emotional too you feel calmer more in control and less reactive to setbacks. You’ve learned that a financial emergency isn’t the end of the world because you’ve got a buffer now. You’re building not just wealth but stability.

What’s tricky about the rise is it contempt to get comfortable. This is when people start to relax Splurge or feel like they’ve made it, but that’s a trap. The rise is not the Finish Line it is a checkpoint if you take your foot off the gas too early you risk losing your momentum. So, while you celebrate the progress remind yourself, there’s still plenty more ahead. This is not the time to Coast. It’s the time to double down to reinforce your habits, stay consistent and keep learning.