There Are Only Two Steps To Getting Rich

by Matthew on May 27, 2011

“What does that guy do for a living? I want to do that!” I can’t even count how many times I’ve said something along those lines. Great artists steal, right?

If you’re like me, once in a while you’re surprised by a particular person who seems extremely well off and it stands out for some reason, maybe the person’s age or demeanor, or the particular setting you observe the person in.

MJ DeMarco (author of Millionaire Fastlane) mentions being surprised as a kid when he saw a young guy step out of a Lamborghini Countach. He actually walked over and asked the guy what he did. That guy’s answer: “I’m an inventor.” Not a rock star, pro athlete, or actor. An inventor.

I would have loved to know more about that young guy, because unfortunately, inventing things does not, by itself, make you rich. There are plenty of folks listed on patents as “inventors” who are anything but rich. (Side note: Speaking of patents, it’s also interesting to contemplate that obtaining a patent as an inventor does not itself permit you to make and sell your invention but rather to prevent other people from making and selling your invention.)

What does make you rich is:¬† 1) solving people’s problems, saving them time, or giving them something they want, then¬† 2) doing this for a lot of people.

Let me say that again in summary, this time in bullets.

How to get rich:

Step 1:

  • Solve people’s problems, and/or
  • Save people time/energy, and/or
  • Give them something they want.

Step 2:

  • Do one or more of the above for a lot of people.

Print this out and stick it to your fridge. Or post it on your monitor. Write it on the mirror of your bathroom…whatever. Help people. A lot of people. Find out what people want and give it to them.

Fortunately, the world has lots of people and the Internet has dropped all kinds of barriers to interacting with and selling to lots of people. This is why Internet-based business is so powerful. Transaction costs to doing business worldwide have plummeted. Your first challenge is finding out what your offering(s) will be to help people. Then, leverage the Internet to offer that to enough people.

Share/Bookmark

{ 0 comments… add one now }

Leave a Comment

{ 1 trackback }

Previous post:

Next post: