Are you willing to do what it takes to get rich?

One of the most revolutionary and groundbreaking discoveries I made in my five-year-old rich habit study was the fact that there are four paths for wealth. I cover these paths more detailed in my new book, Inserted wealthBut here is a snapshot:

1. Saver/Investor Path
2. Large corporate climbing path
3. Virtuoso path
4. Dreamer/Entrepreneur Path

What makes this discovery so revolutionary is that it means anyone and everyone can get rich. That there is no way to become successful and wealthy. There are several ways.

And why is it so important?

It is important because we are all different. We all have different personalities, different genes, different innate talents, different strengths and different weaknesses.

Because you now know that there are so many paths to become wealthy, your job will be so much easier – you just have to find out which path is the right way for you.

How do you know which path is right for you?

Each path has its own unique personality profile, demands and success habits.

I have covered the personality traits that are unique to every path here: Do you have the right personality to get rich?

In this article, I cover the requirements or requirements of each path. When you understand the requirements of each path, it becomes easier to identify the right path for you.

Requirements to be a Savings-Investor Multi-millionaire

• Middle-class income-It is hard to save when you are poor. Most of the poor are hardly able to accommodate the cost of even a low standard of living. But if you have a middle -class income and keep your standard of living low, this gives you the opportunity to save.
• The discipline — the typical savings investor saves 20% or more of their income and lives off what is left. This requires discipline in saving first and discipline by minimizing how much money you spend.
• Consistency saver investors consistently save and consistently invest their savings so their wealth can grow consistently.
• Time-it takes an average of 32 years for a spara investor to accumulate their wealth.

Requirements to be a big company’s climbing multi-millionaire

• Long working hours – climbers have to work long hours. Most climbers have to travel regularly. Airports, hotel rooms and taxis become a lifestyle. And very often climbers have to work on weekends and on vacations.
• Political expertise – In addition to the hard work, climbers must have expert political skills. Those who do are capable of outmating their internal competitors – other climbers biting their heels and stabbing them in the back as the possibilities present themselves. There is always another climber seeking to undermine you to promote their personal agenda, which is usually the same as yours – climbing further up the business ladder.
• Power-conditions climbers need mad relationship building skills. Those who succeed in reaching the top part of a large company are almost certainly the best at building relationships, both within the organization they work for and within their industry. However, building these strong, powerful conditions takes time, energy and money. Frequent phone calls, constant entertainment, participation in weddings, birthday parties or funerals and sending thoughtful cards for special occasions. Just managing all these power relations takes a great deal of their work day.
• Risk – the climbing path has some unique risks. If the company is struggling financially, for whatever reason, your time investment in that company may not be rewarded to the extent that you expected. Affairs of acquisition is another risk. Your company can be acquired and you can find yourself out of a job very quickly.

Requirements to be a virtuoso multi-millionaire

• Significant investment – becoming virtuoso requires a huge investment in time and often money. Knowledge -based virtuosos spend many years in continuous study. Often this formal training requires, such as advanced degrees (PhD, medical degrees, degrees of law, etc.). Skill -based virtuosos set aside for many years of conscious practice and analytical practice. Conscious practice requires thousands of hours that honor your abilities. Analytical practice requires services from a coach, mentor or expert who can provide immediate feedback. This feedback in most cases costs money.
• Long hours – like the dreamer and climber, virtuoso has to work long hours, not only to perfect their knowledge or skills, but also to maintain and use them. Virtuoses are rare and therefore in demand. The high demand means many long hours that serve others’ needs in exchange for money.

Requirements to be a dreamer-entrepreneur

• Long working hours-dreamer entrepreneurs in my study worked an average of 61 hours a week, for many years, especially in the first years of their entrepreneurial journey. Weekends and holidays were rare. These long working hours affect everyone in the dreamer’s immediate orbit. Family and friends are hardest affected by their absence. Often, a spouse has to take up the slapper and raise their children as if they were a single parent. Close friendships, where on the vine because of the long working hours.
• Financial stress – until the dream starts to pay off, it can meet with meeting almost intolerable stress. Only the strong can survive that stress and it includes the spouses. In the early go, it is almost impossible to get a stable paycheck. Weak marriages almost certainly fall apart because of this stress.
• High risk – Dreamers have to put everything they own on the line. Their home, retirement plans and savings become the assets that breathe life in their dream. When a dreamer runs out of assets, they have no choice but to turn to debt to continue to finance their dream. The lucky ones are able to secure credit lines to keep them fluid. The unlucky ones are forced to rely on credit cards or loans from family and friends to survive until they thrive. If they thrive. Pursuing a dream is a gamble. There is absolutely no guarantee that the dream will ever pay off. Many people fail. In fact, 27% failed in my rich habit survey at least once. Error could mean bankruptcy. Sometimes bankruptcy is followed by divorce.