How can you be rich in five years?

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We will need to cut habits; change is a two way thing, you will drop one thing which is the first change and pick another which is the second change. Without that you are very likely to go back so the best way to grow is to distract yourself with focus. note, I said ‘we’ so I am not excluding myself on where we are going in this article.

Ask yourself some questions, if you still find it difficult, ask others. If others don't give you the needed attention, do well to explore the Internet space for answers. Good enough, we have artificial intelligence on the go. If you know how to leverage the spirit realm, even much better.

It doesn't necessarily mean you are to achieve financial freedom in five years on the DOT but clear tract keeping will show the needed ALL round improvement. In this article, we will delve into long term wealth strategy building. I will always say, if you don't have patience, then wealth is not your thing.

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During this research, I came across words like SMART; (Specific, Measurable, Achievable, Relevant and Time- bound). This takes me back to how the big cats hunt. For example, an I-predator like the cheetah. Upon all its speed abilities, it takes time to choose a specific prey of focus, weigh it from a far distance to know if it can take it down.

Talking of relevance, a cheetah does not hunt what it will not consume and yes the entire chase is time-bound. Ok, animals aside, back to humans. How SMART is your long term goal? Or are we talking of ‘anything goes’ here? I was emphasizing on the need to look at gambling as a wealth strategy in my recent articles; something that birthed this writeup.

The future to where we are going starts from cutting expenses or it may end up in; ‘the more you earn, the more you spend’. life is a sacrifice and one of such is delayed gratification. If this has been settled, we move on.

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Improving on side hustle is the next stage. There is more to put in here, we can talk of investing in yourself in the process. Another thing to note here is that side hustle improvement is not workaholicness. Working ten jobs for chicken change won't in any means solve this problem. The target is how to generate enough left over income to get in on aggressive investing and reinvesting.

Don't let anybody taunt you; investment is a business of enough capital and especially when going long term, what good is 100% ROI of $1000 in five years. We are talking of good strategy meeting bad capital here.

While side hustle’s primary aim is to pay the bills, take advantage to pursue lucrative projects; it could be an entrepreneurial or career pursuit. The earlier you stop thinking small, the better. Aside from side hustle, we all have vision; that dream locked in your archives needs to be put to test.

Press for grants, loans and any angel investor support to push it. This is where self improvement will be put to the test again. How good are you at writing proposals? How connected are you to people that are a roadmap to where you are going in this project.

To conclude, let me add, putting in enough discipline for five years straight I am sure can't end without results. The recap is this; spending discipline, improved side hustle and lucrative projects pursuits. As usual, keep every investment diversified to mitigate risk. Avoid that greed and over certainties; even a 1% annual ROI investment carries risk.

In addition, live a gentleman’s life; see trouble from afar and dodge it. Make peace and settle disputes quickly. When problems come, then comes, then comes expenses. Don't let things take your emotional well being and time or even lead to unexpected spendings.

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