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By Tom Corley

The Easiest Sure-Fire Way to Become Rich

Everyone has a financial plan – that includes you, whether or not you know it.

As I’ve learned from my extensive research of the rich and poor, some financial plans can make you rich or make you poor.

For Non-Savers, their financial plan is to spend every dollar they make.

This financial plan will force you to work well into your retirement years in order to support your standard of living.

Richness And Wealth Concept. Entrepreneur On Arrogant Face Wasting Money.For Want Spenders, their financial plan is to spend more than they make and fund that excess with debt.

This financial plan eventually forces you to make drastic changes in your life, when your credit runs dry.

It can also lead to dependency, relying on the financial support of your children or loved ones.

For Dreamers, their financial plan is to invest all of their time and money, often even debt, in a dream and pursue that dream for many years, hoping it will make them wealthy one day down the road.

Pursuing a dream is a very hard thing to do.

Dreams typically require an enormous investment in time and money.

And dreams are very risky — there is no guarantee that the time, money and debt you invest will result in success.

Failure is commonplace among dreamers.

Money CrazyFor Virtuosos, their financial plan is to invest all of their time and money, and often debt, in becoming a Virtuoso in some field.

Becoming a Virtuoso requires that you develop mad skills or knowledge.

Acquiring that skill/knowledge takes many years.

Often, it requires formal schooling — graduate school, medical school, law school, get a PhD, etc.

It may even require obtaining hard to get licenses, practice many hours a day for many years, study many hours a day for many years, etc.

Saver-Investors, however, choose a very different financial plan.

One I like to think of as the easy way to riches.

Man Saving MoneyTheir plan is simple — spend 80% or less than they make, no matter what, and invest that excess money prudently over many years.

The drawback about pursing wealth as a Saver-Investor is that it demands discipline and sacrifice to live below your means.

In our instant gratification, consumerist society, being a Saver-Investor makes you an outlier – the nonconformist who eschews spending money so they can save and invest.

But, the upside is that becoming rich, or at least financially independent, is virtually guaranteed, so long as you develop the Rich Habit of prudently investing your savings.

No need to spend years developing mad skills in order to become a Virtuoso.

No need to take significant risk in time and money in pursuit of a dream.

Your entire focus is limited to two things — living below your means and investing your savings carefully.

About Tom Corley Tom is a CPA, CFP and heads one of the top financial firms in New Jersey. For 5 years, Tom observed and documented the daily activities of wealthy people and people living in poverty and his research he identified over 200 daily activities that separated the “haves” from the “have nots” which culminated in his #1 bestselling book, Rich Habits – The Daily Success Habits of Wealthy Individuals. Visit the website:
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