Bryan Hoo's Blog - Posts Tagged "wealthy"

Things Wealthy People Do to Keep Getting Richer

Alright, back to lesson time. We will talk about "Things Wealthy People Do to Keep Getting Richer" in this week. Enjoy~

1. Have a financial growth mindset.

Wealthy people are incredibly creative when it comes to thinking about business and finding different ways of making money. Mega-successful people set themselves apart because they nurture a financial growth mindset, which changes how you view money and helps you focus on seeing profitable opportunities.

This mindset helps successful and wealthy people believe that there are always bigger and better projects to work on and there’s always more money to be made. They’re open to exploring new ideas. They believe they’re always capable of making changes and creating a positive outcome.🤓

2. Network with other successful people.

Wealthy people understand the importance of surrounding themselves with other successful people. Wealthy people spend time networking with others who are wealthy but also have drive, talent and, most important, the potential to become wildly successful. The rich spend time every month getting to know other like-minded people at conferences, events and gatherings, or just grabbing coffee or a drink with someone interesting.

This is time wisely invested, as it keeps their minds focused on success and helps them meet new people who have fresh and thought-provoking ideas. Doing this also helps wealthy people fill their contact lists with relevant and influential people who can potentially help them (and vice versa).

3. Get outside your comfort zone.

Wealthy people are successful because they have learned that success comes to those who embrace a little discomfort. They understand that the only way to really improve is to push yourself beyond your limits. If you want to become wealthy, you’re going to need to fuel your creative spark, come up with unique business ideas and then take the plunge.

Wealth and success don’t emerge from the safety of a 9-to-5 job. They come from drawing on your inner strength and going for your big dream. All successful business leaders, visionaries and game-changers have gone beyond their comfort zones in order to achieve the ultimate success. The people who will go down in history had the courage to face their fears and take that first step into the unknown.

4. Create multiple income flows.

The more money you have, the easier it is to make more money. And the easiest and fastest way to make more money is to have multiple income streams. That way you always have money coming in and can use the excess income to invest in new income flows. This, in a nutshell, is the primary way the wealthy stay wealthy.
There are two basic forms of income: active income, in which you work for the money you make, and passive income, in which payment isn’t directly tied to the number of hours you work. Passive income includes rental property, dividend stocks, index funds, writing a book or creating an app, all of which will bring in a steady flow of income from sales or royalties.🤑

Alright, this is the end of the lesson. More and more interesting topics will be discussed in the future. Stay Tune~🧐

Bryan Hoo

#money #moneymindset #wealthylife #wealth #wealthmindset
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Published on May 25, 2021 01:21 Tags: wealthy

How to live Like You're Rich, Even When You're Not Yet

Alright, it is lesson time again. We will talk about the topic "How to live Like You're Rich, Even When You're Not Yet" Enjoy~😎

Live Like Rich#1. Fly private for pennies

You know the rich don’t fly commercial. But a private jet can cost thousands of dollars an hour to rent and millions to buy (to say nothing of annual operating costs). Does that mean the rest of us are stuck dealing with the TSA? Not necessarily.

To get the private jet experience without the private jet price tag, book a single seat on a flight with JetSuiteX. The airline’s planes depart from a private terminal, legroom is generous, and snacks and alcoholic drinks are on the house. And it doesn’t cost as much as you might think. When we compared the cost of a round-trip flight on JetSuiteX from Los Angeles to Las Vegas in July 2017, the cost was roughly the same as a first-class seat on a major airline — a little less than $300.😋

Live Like Rich#2. Rent the runway

So you really want to make a splash at your high school reunion but are a little short on cash? You can convince your former frenemies you’ve made it by borrowing, not buying, a killer ensemble from Rent the Runway. A $695 floral cocktail dress by Marchesa Notte can be yours — for a few days — for just $105. Need a designer handbag to complete your look? Bag Borrow or Steal has got you covered.

Live Like Rich#3. Upgrade your wheels for less

Sure, your Camry is a sensible, affordable car. But you’re not going to wow anyone when you’re driving a Toyota. If you’re longing for a vehicle that doubles as a status symbol but are short on cash, consider buying a used luxury car.

For the same price as a new Accord, you might be able to get a gently used BMW or Mercedes. If you’re stuck in a lease on a vehicle you no longer want, you could get a sweet deal on the car of your dreams with a service, such as Swapalease, which facilitates transfers of car leases from those who no longer want them to those who do. Trading up can have some downsides, such as the possibility of higher maintenance costs, but if you must have more upscale wheels this can be a cheaper way to get them.

Live Like Rich#4. Sail away for cheap

Relaxing on your sailboat or yacht might seem like a pastime only the well-off can afford, but a taste of the nautical life doesn’t have to break the bank. Get My Boat is basically an Airbnb for watercraft. You can spend $100 or so for an hour or two on the water, or upward of $10,000 to rent the yacht seen in the James Bond movie Casino Royale. In other words, it’s time to grab your Top-Siders and get ready to head out to sea.

Okay, that is all from today lesson. More and more interesting topics will be discussed in the future. Stay Tune~😜

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#sailing #richlife #getrich #moneymindset #growthmindset #lawofattraction
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Published on July 22, 2021 00:12 Tags: getrich, moneymindset, rich, wealthy