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A lot of people nowadays days wanted to become rich. You could clearly see by watching TV. There are numerous people joining various TV shows in the hope of winning the cash prize. Alternatively, there are also a lot of people who wants to enter show business. Aside from the fame and glamour it brings, it is one of the easiest way to get rich.

In addition, you could also see the long lines of people buying tickets for Lotto everyday. You would wonder how hopeful a lot of people has become that luck will fall on them and make them instant millionaires.

I already mentioned in one of my previous posts entitled who wants to be a millionaire mentioning additional traits of millionaires describing what does it take to become a millionaire. To supplement those millionaire characteristics, I would like to share with you additional lessons I’ve learned from a British self-made millionaire named Felix Dennis.

He actually gave a list to consider for people wanting to become rich. According to him, if you find yourself unable to accomplish even ONE of these initial demands (even just ONE), forget your quest to richness because it will not prosper:

1. If you are unwilling to fail, sometimes publicly, and even catastrophically, you stand very little chance of ever getting rich.

2. If you care what your neighbors will think, you will never get rich.

3. If you cannot bear the thought of causing worry to your family, spouse or lover while you plough a lonely, dangerous road rather than taking a safe option of a regular job, you will never get rich.

4. If you have artistic inclinations and fear that the search for wealth will coarsen such talents or degrade them, you will never get rich. (Because your fear in this instance, is well justified)

5. If you are not prepared to work longer hours than almost anyone you know, despite the jibes of colleagues and friends, you are unlikely to be rich.

6. If you cannot convince yourself that you are “good enough” to be rich, you will never get rich.

7. If you cannot treat your quest to get rich as a game, you will never be rich.

8. If you cannot face up your fear of failure, you will never be rich.

From the list he gave above, the central idea talks about the fear of failure. Dennis said to “be prepared to remain relatively poor if you will not confront and harness this human emotion.” He shared that in his years of experience in business, he is convinced that fear of failing in the eyes of the world is the single biggest impediment to amassing wealth.

Hundreds of people are now taking part to learn how to become financially free. The question now that I would like to leave to all of you is: Do you want to be employed by them or you want to be like one of them in the future? You decide.

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14 Responses to “What Does it Take to Become Rich?”
  1. dlysen says:

    It will only take a decision to become rich and the rest will follow.

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  2. Samuel says:

    Yea nice list, only d strong survive lol

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  3. reyjr says:

    Based on your list, I am convinced that I will never be rich. Haha. ;)

    Hey missed you at iBlog6.

    [Reply]

  4. Guy G. says:

    Hey,
    I think the number one tip above is the one about believing you’re good enough to be rich. Have you ever heard the expression ‘Believe and Achieve?’
    It’s more true than people realize. Our beliefs dictate our actions, and without action, there is no way one can become wealthy. Financially or otherwise.
    Thanks for sharing,
    Guy

    [Reply]

  5. Melvin says:

    Do I really want to be rich? of course I do but I think I need to finetune my mindset first so that I would have the right perspectives about it.

    Great writeup.

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  6. Annette says:

    No, I don’t want to be employed so I fired my boss. hehe. People want to be rich, like a billion of us want to be rich. It’s the points above that will separate the committed from those who merely want it. Thanks for the reminder.

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  7. Selboy says:

    so. i’m ready to be rich… and I think, i’m on my way na.

    got the opposite of 7 items on the list…

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  8. Jonha says:

    Hi Tyrone,

    Seth, in his webinar with Penelope Trunk, mentioned that the single most important feeling that every person who wants to be a linchpin(or in this case, rich), you need to acknowledge a human feeling that enables us to challenge our current situation and just like the eagles, soar and survive, and that is fear. We need to recognize that it exists, or we’ll fail to conquer it.

    I like the last part of this post about deciding whether one would stay being employed or to employ. We all want to get rich, many are called (aspire) but few are chose (choose to thrive)

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  9. Dave says:

    Wealth and prosperty begin with our attitude on money. Then we have a healthy relationship with money we can make smart decisions about how to use our money.

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  10. Gerald says:

    if you want to be rich it is a must to read the best selling book of a japanese author Robert T. Kiyosaki intitled “Rich Dad, Poor Dad” about the best foundation of being rich…

    [Reply]

  11. Dennis says:

    If you don’t start saving money,you will never be rich…W. Clement Stone once said, “if you cannot save money, then the seeds of greatness are not in you…so start saving today :-)

    [Reply]

  12. rose says:

    i know i can be rich…soon

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  13. abel says:

    becoming rich is a mindset, and changing the poor man’s thinking ia factor to consider. You can only become rich thru a business, and investing is a form of business. You need to educate your mind and copy what the rich are doing. study..not only academically but also becoming thru streetsmart..and you could reduce risk if you know what you’re doing.Have the basic of financial matters.Study trends, history and give priorities to what’s important.live a simple life, delay your gratification, have patience..and the most..It takes money to have money

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  14. Nice Post, Tyrone, thank you. I agree with your 8 points :)

    Richness is not only measured by financial wealth/money or how many ‘things’ are in one’s possession. Health is wealth as well. One must be able to enjoy the fruits of thy labour, otherwise without purpose, the so called ‘richness’ losses value.

    To be rich, one must FEEL rich first, otherwise money comes, and goes just as quick. Also, Like attracts Like.

    I agree with ‘abel’, Mindset plays an important role, and the place to play the big game, is on the right side of the Quadrant. :)

    To Your Success

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