Getting rich is hard as rocks. Besides having to work hard, persist, persevere, build discipline, and embrace patience, we have to make enormous sacrifices for us to increase our chances of meeting financial success.
As I was reading the biographies of self-made millionaires, I realized that none of them became successful without sacrificing a thing or two.
It also dawned on me that the more things we can sacrifice, the quicker we move towards financial success.
I pinpointed the main things I realized we have to sacrifice for us to be rich.
Sleep is sweet, and most of us will sleep forever if given a chance. However, to achieve financial success, we must sacrifice sleep because the less we sleep, the more time we have for work.
Moreover, Marissa Mayer (CEO of Yahoo), Donald Trump, and Jack Dorsey (Founder of Twitter) agree that part of their success is owed to sacrificing sleep.
2.Time with Friends
Secondly, for us to be filthy rich, we must sacrifice the time we spend with friends – especially unsupportive friends – because when we are with our friends, we do many things that won’t make us rich.
The journey to wealth requires humility because sometimes we’ll have to live a modest lifestyle so that we invest a large percentage of our income in our businesses. Besides this, we might be forced to do odd jobs for us to fund our projects. For this reason, we must never care about the social status since it can prevent us from embracing humility.
To be successful, you need to sacrifice who you are for who you need to be – Eric Thomas
Check out What rich people did that we never do
Entertainment wastes a lot of time.
For instance, we waste more than 2 hours on TV every day even though it provides zero benefits to us.
For us to be rich, we need to minimize the time we waste on entertainment and use a large part of our time to work our asses off.
5.A Relaxed State of Mind
Most of us wish to have a relaxed state of mind. We want to be free from anxiety and stress. However, if we’re going to get rich, we must sacrifice having a relaxed state of mind because the journey to wealth is stressful and worrisome.
We’ll worry about making little progress and the lack of support. And we’ll also be stressed because most of the time, we’ll invest lots of money in projects which will fail. Besides this, we’ll meet millions of obstacles that will stress us to the point of giving up.
Getting rich is a tough job because besides hard work, it requires us to make sacrifices. Many people give up after realizing that they’ll have to make huge sacrifices for them to get rich. However, you and I are not many people. We are the next 1 percent because we have already decided to do whatever it takes.
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The 5 Major Stages You Must Go Through When Chasing Your Dreams
After studying the biographies of many successful folks, I realized that all of them went through the same stages of dream chasing regardless of their socio-economic status. I summarized these stages into five stages which I believe you’ll also go through if you are chasing your dreams.
Here are they:
Stage 1 – Idea
Here, you’ll give birth to a great idea that you’ll want to turn into reality. For instance, if you are an aspiring writer, you’ll want to turn your thoughts into a best-selling book, and if you are an aspiring entrepreneur, you’ll discover a wonderful business idea which you’ll want to turn into a successful company.
Stage 2 – Enthusiasm
After discovering the idea, you’ll visualize the life you’ll live when you’ll achieve your dreams, and you’ll tell your friends and family about this life. You’ll then research on how you’ll turn your idea into reality, and you’ll start working enthusiastically because you’ll want to live your dream as soon as possible.
Stage 3 – Disappointment
After working for a period of 6 – 18 months, you’ll be disappointed because you’ll make little progress despite working hard. For instance, if you are an aspiring vlogger, you’ll realize that getting 10,000 subscribers is not easy, or if you are an aspiring entrepreneur, you’ll be disappointed because your business might fail to make profits.
Besides this, you’ll realize that dream chasing demands funding, but few people are willing to support you. Primarily, you’ll realize that it might take longer to achieve your dreams. These challenges will make you want to give up.
Most people quit chasing their dreams at this stage.
Stage 4 – Perseverance
If you really want to achieve your dreams, you’ll decide to persevere. You’ll face obstacles fearlessly, and you’ll commit yourself to overcoming them. Besides, you’ll avoid everything and everyone that might prevent you from achieving your dreams. Also, rejection, failure, and naysayers won’t stop you from working hard.
You’ll also realize that only those who persevere achieve their dreams, and you’ll work like hell. Moreover, you’ll strive to make the journey enjoyable so that you don’t give up.
Most folks make their journey enjoyable by making friends with like-minded people.
Stage 5 – Success
After working for a long period without quitting, you’ll become highly skilled, and many people will love your services/products. If you are a writer, many people will be willing to buy your books, and if you are a businessman, people will be interested in your products. You’ll then use the money you’ll earn to buy whatever you want and travel wherever you want. You’ll be so fulfilled.
It’s easy to dream, but difficult to achieve dreams. Most people quit when they realize they’ll have to work for a long period before they achieve their dreams. Only those who persevere succeed because they never give up. We must thus join the perseverers if we want to boost the chances of achieving our dreams.
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Top 6 Reasons Most People Can’t Persevere on the Journey to Success
Perseverance refers to the ability to work persistently towards one’s goals despite facing difficulties.
After studying successful people for five years, I realized they all persevered since they never gave up despite facing obstacles. Nothing stopped them from working towards their dreams.
Besides successful folks, we can also persevere, but most people can’t because of the following reasons.
1.People Don’t Study Success
Studying success enlightens you that difficulties, failure, or discouragement are part of the journey hence enabling you to work in spite of their presence. Moreover, studying success shows you that only those who persist succeed hence motivating you to persevere.
2.The Lack of Self-Confidence
Most people can’t persevere because they lack self-confidence. They doubt their abilities and skills and give up easily when they face obstacles.
Successful people persevered because they believed in themselves. They believed they could overcome obstacles and thus continued working towards their goals when obstacles arrived.
3.The Myth of Overnight Success
The myth of overnight success has resulted in the inability to persevere because it makes people think success comes easily. This myth has made aspirers believe success arrives soon after they start working towards it. For this reason, most aspirers give up when they realize that they’ll have to work for a long period and overcome several difficulties before success arrives.
4.People focus on the Outcome
Most individuals can’t persevere because they focus on the outcome. It’s hard to persevere when you focus on the results because it usually takes long before we get the results we expect. People who persevere, focus on the process instead of the results. They know they’ll get the results they want if they forget about them and work on their skills.
5.The Lack of Passion
People who hate their work seldom persevere because they focus on results and misinterpret difficulties. Furthermore, they easily get bored with their work hence making it difficult to work when they face obstacles. Conversely, passionate people persevere because they are obsessed with their work and perceive difficulty as a chance for growth.
6.Focusing on the Possibility of Failure
Focusing on the possibility of failure prevents people from persevering because it discourages them from working towards their goals when they face difficulties.
Most successful people focused on success: they believed they’ll succeed no matter what, and this belief motivated them to continue working in spite of discouragement.
It’s easier for people to work towards their goals when everything is going well. However, most people get discouraged when the going gets tough. The ability to work when it gets tough is what sets successful people apart. We must, therefore, master the art of perseverance.
If you don’t give up you can’t fail.’ – Menna Vaan Praag, Successful Author
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