15 Steps to Build Wealth When You’re Starting With Nothing

if you're starting at zero how do you get to 100 you move right slowly but surely one step at a time some things help you move faster if you're a genius if you're ruthless or if you're good-looking and charismatic and you know exactly what you want in the middle of all of those things you've got some of it but not all of it how do you build wealth then well we have it here okay one step at a time but it doesn't all happen in your bank account okay you build it as you build yourself

so let's get into it starting off with a heavy hitter number one the mindset now don't let people tell you that changing your mindset or your core beliefs is one of the hardest changes to make it's hard sure but not the hardest because the process to change it is just a constant push back on impulsive thoughts and temptations you practice saying no to yourself and and you practice questioning yourself the earlier you start this in life the easier it becomes to mine out your bad money habits and replace them with good ones and you can

start this right now so here's what you always have to remind yourself of first of all money is a tool not the goal seeing money as a tool will help you to understand how to use it to create more money rather than just earning it to spend it with that mindset it's easier to take take money from shopping and put it into Investments because it doesn't feel like you're missing anything second I'm playing the long game here Building Wealth is boring okay it takes a long time and at first it won't look like the needle

is even moving at all so you have to train yourself to be super super patient and third I can learn anything I need to succeed at Building Wealth money can't hear your excuses doesn't have the ability to feel sorry for you because you had a hard life with no Financial education okay if other people can learn then so can you number two the action now over time as you repeat those three sentences over and over or you repeat your own madeup mantras about the wealth you want to build you'll start noticing that some actions do

become easier thinking of different income streams and being creative with how to make money aside from your normal job is starts to feel like second nature thinking twice before swiping your card for an impulsive buy becomes normal finding cheaper ways to have fun and investing what you've saved even if it's a small amount becomes a normal part of your day the actions are small and barely even noticeable at first they're not a total personality overhaul or behavioral change that takes some time but those small actions still build up until number three the Behavior now your

very nature and the way you relieve stress and feel relaxed and happy changes you see right now most people relieve stress by letting loose and doing something that costs money shopping eating treating themselves a massage going on a trip these things add up right especially when you're stressed like three times a day as your mindset changes and then your actions change the way you relieve those stressors will change too you'll find peace in putting that money away rather than spending it and then you'll get creative about how to deal with any emotional and mental challenges

that come up Bill Gates likes to read Warren Buffett plays the ukulele Jack dorsy he goes for a run I mean you need something that you can do that doesn't cost money and once you have that everything becomes a little bit easier number four the distribution of money how will you spend your money when you're trying to build your fortune no really how in an ideal world you're supposed to spend 30% of your salary on savings 30% on rent but you're trying to build a fortune here not merely do the bare minimum so the first

thing you need to do is get a good job one that will increase that contribution then you need a second job to increase it even more then you need to cut back on your spending then you need to invest in property so that you get accustomed to acquiring assets sets that percentage distribution stays the same but you increase the amount because of the work you're doing number five the vision now that you've carefully created a set of behaviors that automatically moves according to how you want to spend money save and invest you've got your system

there and once you've got that you start realizing just how important it is to generate more and then you realize to generate more you can't be bound by time you can get a second job sure that is extra income but that is also capped you need to figure out a way to burst through that earning ceiling that's going to take some kind of vision some ideas something others might think is crazy you don't need a business to build wealth you don't have to be an entrepreneur but it's going to accelerate your journey even if you

don't succeed at first which based on statistics most people don't you'll still learn so much about how people buy and spend and what it costs to run a company and the work it takes to build that wealth number six the enthusiasm listen okay it's going to be a crazy journey and the only way you're going to make it is to get excited about it the good the bad the setbacks The Comebacks you're going to have to throw some enthusiasm into every corner taking on that second job so you can increase your Investments you better get

excited starting a new business to to be able to break the earnings glass ceiling find some joy in it even when it's crazy the fear and doubts are going to be there no matter what okay you have to push them back with enthusiasm and excitement about the future and what you're aiming to build number seven weigh the risk look anyone who's currently successful will tell you that their path was not a straight line to the top most of their stories will go kind of like this they became successful they thought they were safe and they

celebrated and then they lost it all and had to start over again you have to take risks if you want to build wealth and sometimes those risks are going to knock you over but you worked your way up from nothing before so it's easier to do it again you have to become accustomed to taking risks you can't let them stop you and hold you back you're never going to reach your goals if you let that fear control you which means you'll probably be telling the same story as other successful people but hey you'll be doing

it from the top floor of your Penthouse so it all worked out in the end right number eight take the plunge you spend 10 years slowly building your wealth with compounding investing buying real estate as an asset and then trying out one or two small businesses here and there to learn the ropes there will be a moment when you look at your finances and realize that you're now well and truly on your way to Financial Freedom eventually this is a real turning point because you realize that if you keep going at your current Pace you

could be okay in the future you could have a semide decent Nest Egg but if you push yourself and up the ante you have the chance to multiply what you have in a much faster time period so what do you do do you take the plunge and risk what you've built in the name of reaching your goal faster or do you decide to play it safe even if it means falling short of your ultimate goal you plunge of course because that is how you build number nine experience the failure and the fall okay so let's

say you've been saving and investing for years and you've taken a risk that hasn't panned out you're back at zero except now you're older and you have to work through some of the shame but eventually you realize you just have to keep on going this is going to happen probably a few times throughout your life you're going to put your money into an investment win and lose some of it put more of it in and then something will happen that takes every everything away from you and it's not just in your Investments or business you

might go through a divorce a family health issue a natural disaster that destroys your home even if you try to avoid risk these things could happen it's part of the experience of building your wealth it's not going to be a continuous accumulation of money there might be times when you have to take two steps forward and three steps back and you have to get used to that feeling because you have to keep on going number 10 get to know the feeling of compounding now this is the part where things start to change okay all of

those small seemingly insignificant actions that you've been taking they start to snowball your Investments are growing your income streams are stacking up and your bank account looks different than it did a few years ago you notice the shift not just in your finances but in your confidence you're no longer just surviving you're thriving it's not Magic it's momentum and while the rise feels good don't let it trick you into thinking that you've made it you're still in the game and now the stakes are higher and the rise isn't just Financial it's mental and emotional too

you feel calmer more in control and less reactive to setbacks you've learned that a financial emergency isn't the end of the world because you've got a buffer now you're building not just wealth but stability what's tricky about the rise is it contempt to get comfortable this is when people start to relax Splurge or feel like they've made it but that's a trap okay the rise is not the Finish Line it is a checkpoint if you take your foot off the gas too early you risk losing your momentum so while you celebrate the progress remind yourself

there's still plenty more ahead this is not the time to Coast it's the time to double down to reinforce your habits stay consistent and keep learning and the best way to do that my friend is with the help of the alux app it's quite literally the only app of its kind designed to act as a high performance coach for entrepreneurs top level managers and high Achievers like yourself through daily coaching sessions and curated expert collections we give you all of the tools and resources you need to stay consistent and compound all of this wisdom over

time that compounding makes all the difference and as a special gift from us to you we're offering you 50% off the annual membership to the alux app we want this to be the year that you make it all happen so download the app and scan the QR code on screen to snag that deal but word to the wise this promotion ends when February begins so there's only two more days to secure your spot at 50% off by this time next year everyone will be asking you how you got so far so fast I'll see you

on the inside number 11 enjoy the success take a breath and let yourself feel proud of how far you've come okay you've earned the right to enjoy the fruits of your labor maybe you finally take that vacation or you upgrade something in your life that genuinely brings you Joy the key here is balance okay celebrate your wins but don't lose sight of the bigger picture the goal isn't just to feel wealthy it's to build lasting wealth that continues to work for you long after you stop working enjoying your success doesn't mean losing the discipline that

got you here in the first place it's not a free past to blow through your progress or make impulsive decisions okay instead it's about intentional enjoyment you can afford to upgrade your life but only in ways that genuinely improve your quality of living spend on what matters to you not what impresses others this stage is also where you start to realize that success feels different than you imagined the external rewards come with a confidence and freedom that you'll only get from Financial stability you feel lighter because you're no longer carrying the same weight of uncertainty

and that is a great feeling number 12 increase the distribution without strain now you've mastered living below your means and now it's time to scale as your income grows you can increase the percentage going into Investments and savings and even giving back the trick is to do it without feeling like you're stretching too thin wealth building isn't just about sacrificing every Comfort forever it's about expanding Your Capacity without breaking the systems you've put in place think of it as fine tuning not overhauling maybe you used to save 20% of your income and now you can

comfortably save 30% without feeling deprived maybe you've been investing in index funds and now you can diversify into real estate or starting a business idea the point is to expand band strategically not recklessly this stage is less stressful because you're no longer scraping by you've built up a buffer and now you're operating from a place of abundance but abundance doesn't mean carelessness keep refining your systems tracking your finances closely and ensure that every extra dollar you earn is working for you in some way number 13 the investment in others now real wealth isn't just about

you it's about the impact you have on the people around you this is the stage where you start to lift others up mentoring someone finding a cause you care about or simply creating opportunities for people in your circle these Investments pay dividends in ways that money cannot quantify and the best part helping others grow often leads to unexpected opportunities for you too investing in others doesn't always look like writing a check either sure it might mean funding someone's education helping a family member start a business or donating to causes you believe in but it's also

about the intangible Investments mentorship guidance and sharing lessons that you've learned the hard way think about the ripple effect here when you Mentor a young entrepreneur you're not just helping them succeed no you're helping them create jobs in the future contribute to the economy and perhaps Inspire others to follow their path when you fund a scholarship you're not just helping one student you're opening up the door to opportunities for their family and future Generations investing in others always circles back to you the people you help might introduce you to New Opportunities Partnerships or perspectives that

further enrich your life don't go into this expecting something in return okay instead recognize that when you create value for others it has a way of finding its way back to you in unexpected opportunities number 14 The Empire now at this point you're not just Building Wealth you're building an empire your assets are Diversified your income streams are strong and your vision has expanded maybe it's a business a real estate portfolio or a network of Partnerships that keeps growing whatever it is you've created something bigger than yourself and it's designed to last you're not just

playing the game anymore okay you are shaping it and number 15 the end the Legacy all that work all the risks the failures the victories they've all led to this you've built something meaningful not just for yourself but for the people who come after you your Legacy isn't just the wealth you leave behind it's the values lessons and opportunities that you've passed on the ultimate wealth isn't measured in dollars okay it's in the lives you've touched and the doors you've opened this is the final step but it's also the beginning of something that's going to

last even long after you're gone and that's all from us today alexir this one was a little bit different because sometimes you know we become so focused on the number on the screen that we forget what it even takes to get there it's grit determination and resilience and not everyone will understand what you're doing but it will feel right to you and that is the most important part we'll see you back here tomorrow my friend until then take care