A question that billionaire Steve Siebold always asks: “What do you teach your children about the secret of success?” By his own experience and observing rich people for many years, he concluded in the book “The Secrets Self-Made Millionaires Teach Their Children”. Among them are 4 things he advised his children.
There is no such thing as a success with a commission, so if you can combine your hobby with making money, it will be much easier.
Wealth and success must be reaped with effort. Siebold expressed: “Being financially independent is going to be the battle of your life. You’ll have to be willing to sacrifice time, sleep and leisure time to build something great, you’ll have to work in it. when your friends are having fun”.
However, if you have to make such a complete trade-off, your life will become very dry and tasteless, losing the inherent joy of living. So, if possible, skillfully combine the responsibilities of making money and solving problems with your hobbies. This formula will help you do what you love and still make a profit.
The rich are not always smarter, but the core lies in the accumulation of wealth and the ability to solve problems.
Siebold always keeps in mind: “The idea that the rich are always smarter than everyone else is downright wrong. The truth is, most of them are not smarter than the average person who is struggling to make ends meet.”
Because the story of getting rich is not only in how much money you earn, but also in how you use and accumulate it. So, as Siebold said: “Getting rich is not entirely about intelligence, but more importantly, depends on accumulating wealth.”
Not only that, to be able to make a lot of money, it is necessary to understand that money comes from problem-solving ideas. Siebold advises children: “If you want to be rich, solve a problem, if you want to be extremely rich, solve a bigger problem.”
While many people solve minor problems for their employers, the rich solve big problems and are compensated accordingly. This makes getting rich easier than ever, because “when you solve a big problem and the world will gladly pass their money on to you”, Mr. Siebold asserts.
Always let yourself be surrounded by successful people to always nurture big aspirations and dreams
Siebold emphasized: “You need rich friends, because their exposure and heightened awareness will greatly expand your thinking.”. So there is no reason not to cultivate good relationships with rich, successful people.
Find ways to cultivate relationships with wealthy, successful people: “Read their books, attend their events, donate to their charities… and anything else you can do to get referrals and build relationships.”
In addition to broadening vision, connecting with the super rich can also nurture dreams and develop aspirations. Rich people often set high expectations. They are not afraid to think big, expecting to become rich in their 20s or 30s.
Of course, success or wealth will not come overnight, but it will not take a lifetime. Dare to dream, dare to expect and believe in themselves will partly help them to go in the right direction. Siebold further shared: “Most self-made millionaires I’ve come across over the past 30 years say he aspires to be rich.”.
Money solves most problems, but it must be used wisely
The rich are not afraid to admit that money can solve most problems.
Siebold shared that being rich will not make people happy, but it will solve 90% of the problems children are facing. “Make money by solving problems, and you will be rich enough to solve your own problems”Siebold said.
Money has great power, but in order to maximize its function, it also needs to be used smartly and skillfully. The rich are investors, not spenders. They invest their money today, so they will have more tomorrow.
To be a successful investor, stick to what you know or what your child is interested in: “If you’re interested in playing the guitar, you could research the classical guitar market. If you’re a baseball fan, consider investing in rare baseball cards. If you’re interested in stock trading, you can can research the stock market”he analyzed.
According to CNBC
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