How to 6X Your Yearly Income

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y past his 6X amount. And the first thing I had to tell him was that he needed to make more than that amount. I told him that 6X would not be enough for what I believe he wants to do. Let me explain.</p><h2 id="e6ff">Why You Should Set Big Money Goals</h2><p id="ec34">When I first set a target to make $1,000 in a month several years back, I thought it would be the best thing ever. I believed I would be able to live large with excess money and splash money on whatever I liked.</p><p id="d47b">But as soon as I got there, I realized what a flawed premise that was. I didn’t factor in that my expenses would change. I didn’t factor in the fact that I would move into a better neighborhood. I didn’t factor in the additional costs that having an improved lifestyle would be.</p><p id="8b94">And in fairness, I didn’t factor it because I didn’t know it. This is what happens when you are moving from the known to the unknown.</p><p id="fccf">Ever since I understood this concept, I stopped bothering myself over the cheap details of specifi

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c amounts. Sometimes, it is good to give you a frame, but nothing more beyond that.</p><p id="2e99">It is better to set your financial goal so big that you fall short than to set something you think is enough and then find out it isn’t. My financial goal frame for this year 2024 is a hundred million usd. I still have no idea how I will pull that off.</p><h2 id="0581">Courage to be Super Rich</h2><p id="2389">It takes courage to be rich. Not hard work or dedication or focus, like all these gurus try to tell you. What it takes is courage. This is because you are rich first before you have the money.</p><p id="14e3"><b>The money never comes first</b>.</p><p id="0f8d">You have to learn to become the type of person that makes such an amount of money. That is what comes first. And that takes courage.</p><blockquote id="f514"><p>P.S. Continue reading this article in my Rich Culture newsletter — <a href="https://www.richculture.co/p/6x-yearly-income">https://www.richculture.co/p/6x-yearly-income</a></p></blockquote></article></body>

The psychology of becoming significantly richer

I had a conversation recently with a dear friend. This is a hardworking and trustworthy person I have known for several years. We drifted into discussing about money. His goal is to 6X his income.

First of all, I wanted to know about his goals. Why 6X? Why not 7X or 10X or 2X? Turns out he had a reason. He is getting ready to start a family.

Interestingly, I was already way past his 6X amount. And the first thing I had to tell him was that he needed to make more than that amount. I told him that 6X would not be enough for what I believe he wants to do. Let me explain.

Why You Should Set Big Money Goals

When I first set a target to make $1,000 in a month several years back, I thought it would be the best thing ever. I believed I would be able to live large with excess money and splash money on whatever I liked.

But as soon as I got there, I realized what a flawed premise that was. I didn’t factor in that my expenses would change. I didn’t factor in the fact that I would move into a better neighborhood. I didn’t factor in the additional costs that having an improved lifestyle would be.

And in fairness, I didn’t factor it because I didn’t know it. This is what happens when you are moving from the known to the unknown.

Ever since I understood this concept, I stopped bothering myself over the cheap details of specific amounts. Sometimes, it is good to give you a frame, but nothing more beyond that.

It is better to set your financial goal so big that you fall short than to set something you think is enough and then find out it isn’t. My financial goal frame for this year 2024 is a hundred million usd. I still have no idea how I will pull that off.

Courage to be Super Rich

It takes courage to be rich. Not hard work or dedication or focus, like all these gurus try to tell you. What it takes is courage. This is because you are rich first before you have the money.

The money never comes first.

You have to learn to become the type of person that makes such an amount of money. That is what comes first. And that takes courage.

P.S. Continue reading this article in my Rich Culture newsletter — https://www.richculture.co/p/6x-yearly-income