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Do you Want To Be Rich? Then Give Up These 4 Things;

Most people focus on what they need to add to their life to become rich, what may be even more important is what needs to be removed to become rich. The actions you take is the principle of addition in your life. The things you stop doing is the principle of subtraction in your life.

Yes, there are things you must do if you want to become rich but their are also things you need to stop doing now that are holding you back from every even doing the right things.

1. Stop Allowing your Location to limit you.

Where you live can set the trajectory for your life as it plays such a huge role because of the influence on you from the people you hang around and the opportunities you’re given. You must go to where the opportunity is.
If you want to pursue a path that will make you rich then you must go to it, be open to moving for geographic opportunity when needed.

The internet has also enabled people to be on digital platforms where they can build wealth. If you want to make videos be on YouTube, Instagram and Tiktok.
If you want to be a writer start a blog and tweet daily.
If you want to be a podcaster pick the most popular platform for your niche.
Be open minded that there is a whole world of opportunity out there and don’t be bound by your family or friends to live a financial life at their level.
You must be ready to broaden your horizons.

2. Get off the hedonic treadmill.

This is also known as hedonic adaptation, it is the observed tendency of humans to quickly return to a relatively stable level of happiness despite major positive or negative events or life changes.

The trap that most people fall into is the hedonic treadmill of material consumption. People work a job to make a living but as they increase their bills their job becomes their life. People become trapped in big house payments, car payments, day to day expenses and debt and must work harder and harder in their careers just to pay their bills.

If you get into a situation where you need every paycheck to pay your bills you will never have the time and energy in your life to build wealth. A lot of entrepreneurs start out as minimalists so they can use all their money to fund their business. You can get trapped in bills so deep that you don’t have the opportunity to try to get rich because you rely on your paycheck for bills.

If you get lost in your career and bills that will be your path and not getting rich.

3. Stop wasting your time on things that don’t matter.
Stop caring about things that don’t matter for your own wealth building. We all have limited resources of time, energy, and money so they must be invested wisely if we want to create cash flowing assets, place good trades, make investments, and get rich.

If you invest too much time in your hobbies like sports, recreation, and entertainment you will not have the time to invest it in learning how to get rich. Hobbies can be a part of a well balanced life but they should not be a focal point if you want to build wealth.

Your priorities will determine whether you will eventually become rich. If you want to see what your priorities are through your actions then you should rank them in order of how you spend your money and time.

4. Remove destructive temptations from your life.

The best way to remove temptations that will hold you back in your life is to eliminate them completely.

If you need to work on your business instead of watching television, get rid of the television. If you want to invest in a stock portfolio make it automatic. If you want to stop wasting so much money going out, stay in. If you want to stop blowing so much money in restaurants stop going and delete your delivery apps. If you want to stop blowing so much money on drinks and clubs, stop it and stop going to the same club that drains your money.

You don’t have to be frugal or a minimalist forever just long enough where you can build enough cashflow to never have to worry about money again.

If you want to be rich, you must be willing to do whatever it takes in a positive way to accomplish that goal, Don’t let bad habits, people, and your own behaviors stop you from being rich once you identify the right path to wealth for you.

If you learnt something from this , kindly let me know in the comment section , you can also ask questions if you got any and please kindly share this post

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Patience is not only the key to most situations but also to trading success. Without it traders will quickly find themselves trading second rate setup and loosing money left and right

There is an opportunity cost that comes with overtrading.

Traders need a clear mind to identity favourable trade setups,nd if they are constantly subjected to the stress and anxiety of loosing trades, they will consistently miss the setup they should be taking.

By patently waiting for the most favorable opportunities, traders will instantly put themselves in a better position

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