{"id":69,"date":"2018-09-29T02:09:11","date_gmt":"2018-09-29T02:09:11","guid":{"rendered":"https:\/\/lifestyleincomexp.com\/blog\/?p=69"},"modified":"2018-09-29T02:10:29","modified_gmt":"2018-09-29T02:10:29","slug":"ten-secrets-new-rich","status":"publish","type":"post","link":"https:\/\/lifestyleincomexp.com\/blog\/ten-secrets-new-rich\/","title":{"rendered":"Ten Secrets of the NEW Rich"},"content":{"rendered":"<p>When we hear the word &#8220;Rich&#8221; what normally comes to our minds are people who are financially abundant. Yes, that might be the case, but in\u00a0Kevin Donaldson&#8217;s <em><strong>&#8220;Ten Secrets of the New Rich&#8221;<\/strong><\/em>\u00a0book, he shares that not only we be rich financially, but in all aspects of life.<\/p>\n<p>He also shares that majority of millionaires are entrepreneurs and how we can be entrepreneurs too without much risks and much capital.<\/p>\n<p>Also called as the<em> &#8220;safest way&#8221;<\/em> in becoming an entrepreneur.<\/p>\n<p>Today, let&#8217;s watch this 9-minute video below <em>(credits to Practical Psychology)<\/em> and learn the ten secrets of the &#8220;NEW&#8221; rich and how we can be too.<\/p>\n<h2>Ten Secrets of the New Rich:<\/h2>\n<p><center><iframe loading=\"lazy\" src=\"https:\/\/www.youtube.com\/embed\/q11EYtZ7bI8?rel=0\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/center>&nbsp;<\/p>\n<p><strong>In Summary:\u00a0<\/strong><\/p>\n<h3>Secret 1: The fact about today&#8217;s millionaires<\/h3>\n<p>Only:<\/p>\n<ul>\n<li><em>1% Celebrities and athletes<\/em><\/li>\n<li><em>5% Salespeople<\/em><\/li>\n<li><em>10% professionals<\/em><\/li>\n<\/ul>\n<p>While:<\/p>\n<p><em><strong>74% entrepreneurs<\/strong><\/em><\/p>\n<p>Everyone can be an entrepreneur and that safest and fastest way is by being a\u00a0home-based entrepreneur.<\/p>\n<p>Why is it safest? Because you can quit your job only when your <span style=\"color: #339966;\"><a style=\"color: #339966;\" href=\"http:\/\/bit.ly\/LaptopEbookV2\" target=\"_blank\" rel=\"noopener\">home-based business<\/a><\/span> can comfortably replace your income in your job.<\/p>\n<h3>Secret 2: Take responsibility, take control<\/h3>\n<p>Complaining is unproductive. Take responsibility and take control. Find something to be grateful for.<\/p>\n<h3>Secret 3: Stick to your game<\/h3>\n<p>What can you see 5 to 10 years from now? Have a long-term vision for 5 to 10 years. \u00a0In setting goals, set long-term goal for 10 years and 90-day short-term goals.<\/p>\n<h3>Secret 4: Grow the wealth you already have<\/h3>\n<p>As mentioned, the NEW rich are not just wealthy financially but also in social, mental, relationship, health, and in all aspects of life.<\/p>\n<h3>Secret 5: Start your home-based business<\/h3>\n<p>The beauty with technology is that it has evolved a lot, that creating your own home-based business is now easy.\u00a0Anyone can build a website or blog now without much technical know-how.<\/p>\n<p>Thus, learn to fail fast and do it quick.\u00a0Build a website since it is affordable, hassle free and a great marketing tool to what you can offer to the world.<\/p>\n<p><a href=\"http:\/\/bit.ly\/LaptopEbookV2\" target=\"_blank\" rel=\"noopener\"><em><span style=\"color: #339966;\">Click here to learn how to build an online business<\/span><\/em><\/a><\/p>\n<h3>Secret 6: Expand your market<\/h3>\n<p>First, focus on a specific niche or a target market you want to serve.\u00a0Then to attract more people, you give people a free offer <em>(or a lead magnet in online marketing terms)<\/em>.<\/p>\n<p>Giving people free offers are great because people come to the internet for information not buy your products.\u00a0Build a relationship with your subscribers and sooner or later they will buy from you.<\/p>\n<h3>Secret 7: Build your business for success<\/h3>\n<p>It involves a lot of action steps to be done like plan your week, brainstorm ideas, give to charity, establish routines, take care of your body and many more.<\/p>\n<p>Watch the video above to see all the steps.<\/p>\n<h3>Secret 8: Leadership and leverage<\/h3>\n<p>The new rich leverage other people&#8217;s time, money and ideas.<\/p>\n<ul>\n<li>Other people&#8217;s time<em> (OPT)<\/em> = they hire<\/li>\n<li>Other people&#8217;s money <em>(OPM)<\/em> = the borrow <em>(loan)<\/em><\/li>\n<li>Other people&#8217;s ideas <em>(OPI)<\/em> = they learn <em>(read, attend seminars)<\/em><\/li>\n<\/ul>\n<p>They also build a team. If before a lot of people are self-made millionaires, today the new rich are team-made millionaires.<\/p>\n<h3>Secret 9: Manage your finances<\/h3>\n<p>All rich people are great money managers. They live below their means,\u00a0set a portion to pay off debts\u00a0and build emergency funds.<\/p>\n<p>The\u00a0spend on things that they need than wants. And they don&#8217;t put their long-term savings in the banks, rather put it in stocks, bonds or mutual funds.<\/p>\n<h3>Secret 10: Achieving work-life balance<\/h3>\n<p>One of the major reasons why we want to be rich is for our family. \u00a0What good is it to be rich but when we don&#8217;t have time for our family? That we become a stranger to our kids?<\/p>\n<p>Thus, the new rich are people who have achieved the right work-life balance.<\/p>\n<p>When asked:<\/p>\n<blockquote>\n<p style=\"text-align: center;\"><em><strong>&#8220;Do you love your work?&#8221;<\/strong><\/em><\/p>\n<\/blockquote>\n<p>20% would say yes. But the 80% would say, &#8220;Well, it pays the bills.&#8221;<\/p>\n<p><strong>The choice is up to you.\u00a0<\/strong><\/p>\n<p>So, will you be part of the NEW rich? Share your thoughts in the comments below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When we hear the word &#8220;Rich&#8221; what normally comes to our minds are people who are financially abundant. Yes, that might be the case, but&#8230;<\/p>\n<div class=\"more-link-wrapper\"><a class=\"more-link\" href=\"https:\/\/lifestyleincomexp.com\/blog\/ten-secrets-new-rich\/\">Continue Reading<span class=\"screen-reader-text\">Ten Secrets of the NEW Rich<\/span><\/a><\/div>\n","protected":false},"author":1,"featured_media":70,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":""},"categories":[14],"tags":[16,15,17],"class_list":["post-69","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-online-business","tag-passive-income","tag-wealth","entry"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/lifestyleincomexp.com\/blog\/wp-content\/uploads\/2018\/09\/the-new-rich.jpg?fit=640%2C425&ssl=1","yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v15.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Ten Secrets of the NEW Rich - Lifestyle Income Experiments<\/title>\n<meta name=\"description\" content=\"Do you want to know the secret to success? 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