How Do You Become Rich: The Psychology Of Making Money

It seems like everyone is very eager to learn how to get rich. In fact, there are thousands of books written specifically about how to get rich. There are also hundreds of classes and seminars about how to get rich that are conducted regularly in different parts of the world. Yet, despite the abundance of resources available, it seems there are only a handful of success stories.

So how do you become rich if there are millions before you that were unsuccessful? You must start with the right psychology of making money.

So what is the psychology of making money all about? The psychology of making money involves our behavior and mental processes involved when we make money. It is very important that we understand how our thoughts & feelings affect our behavior.

There are numerous ways of making money, such as putting up your own business, writing books, making a website, etc. However, if you don't have the right psychology of making money, you'll wipe out your savings and lose more money than what you would actually be making.

One of the major common mistake that people make is that they think of wealth as a gratification that comes in an instant. If you want to become rich, you must act like the rich. I don't mean to go spend on fancy cars, latest gadgets or designer clothes, instead emulate how the rich people build their wealth slowly but surely with taking calculated risk, making strategic investments and saving money for the future.

We are all capable of making money, every single one of us is. However, making it grow can be very difficult for most people. So how do you become rich without robbing your bank? You need to be cautious of how you spend your money. Whenever you are extremely happy, angry, sad or any other emotion, you might want to have a policy to delay making a decision. Our actions are most vulnerable when we are in an unstable state of extreme emotion.

There are numerous of studies about how people tend to unconsciously spend more money when they feel down. This depression usually leads people to spend money for a few drinks or for an expensive vacation to some how escape. This only goes to show the effect of our emotions to how we treat money. So how do you become rich if you work long hours but burn your cash in a blink of an eye when you feel down? Let's not forget that the absence of money can also lead to depression which helps create vicious cycles of spending money, based on emotion.

Prepare yourself and have the right psychology of making money in place. Don't let opportunities slip your hands and always be ready for challenges. If you want to learn how to get rich, there are a thousand ways to do it. Don't believe anyone who tells you there's one secret way to do it because if you trace back how rich people become rich, they all have different stories to tell. As much as how to get rich is important, what is more important is for you to realize what to do with what you already have, rather than count on the money you are yet to make. It is also important that you take calculated risks and make strategic investments to become rich and always save for the future to stay rich.

Hyrum Estrada

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