5 Extremely Useful Skills For Getting Rich

You may not know that the banks have therapists known as “wealth psychologists” who help their super-rich clients who are unable to mentally cope with their immense wealth.

These therapists are also known as “money psychologists” or “wealth counselors.”

Whatever they are called, I don’t believe you’ll need one.

Maybe you might need one if you win the lottery.

Now, forget about that silly thing.

You don’t need to win the lottery to get rich.

But, at least, you’ll need one of these five skills:

1. Networking

I’m sure you’ve heard the popular saying “It’s not what you know, It’s who you know.”

That phrase is even truer in today’s world.

According to Chris Garrett, a business consultant who lives in Calgary, he said networking has delivered more return on investment than any other tool in his business.

He went further:

“Both financially and in non-monetary terms, my network has delivered so much value that I can not imagine what my situation would be like without it. If there is one thing that I could suggest that would be guaranteed to boost any business, networking would be it.”—Chris Garrett

Today, there’s a tool that measures how strong your network is:

It is called Klout.

Klout has a score of 1 – 100.

The higher your Klout score, the stronger your network.

Does your Klout score really matter?

Let’s find out.

According to an article published on Wired:

Sam Fiorella was recruited for a VP position at a large Toronto marketing agency. With 15 years of experience consulting for major brands like AOL, Ford, and Kraft, Fiorella felt confident in his qualifications. But midway through the interview, he was caught off guard when his interviewer asked him for his Klout score. Fiorella hesitated awkwardly before confessing that he had no idea what a Klout score was.

The interviewer pulled up the web page for Klout.com—a service that purports to measure users’ online influence on a scale from 1 to 100—and angled the monitor so that Fiorella could see the humbling result for himself: His score was 34. “He cut the interview short pretty soon after that,” Fiorella says. Later he learned that he’d been eliminated as a candidate specifically because his Klout score was too low. “They hired a guy whose score was 67.”

Partly intrigued, partly scared, Fiorella spent the next six months working feverishly to boost his Klout score, eventually hitting 72. As his score rose, so did the number of job offers and speaking invitations he received. “Fifteen years of accomplishments weren’t as important as that score,” he says.

2. Marketing

Marketing is everything.

No matter who you are, where you come from, and what your skin color is, if you can deliberately market yourself, your business, then you can’t be stopped.

Philip Kotler is someone I adore and admire. He has authored 55 books on marketing alone.

Here’s what he has to say about marketing:

“Marketing is the social process by which individuals and groups obtain what they need and want through creating and exchanging products and value with others.” — Philip Kotler

The concept of marketing is simple:

Think of a valuable thing you can create and offer to a specific group of people.

Then, create and offer that thing to that particular group of people, but in a special way.

That’s it!

That’s how to get rich through marketing.

3. Money Management

Even if you have all the best skills in the world, and you have a poor money management skill, there’s a high probability that you’ll still end up dead broke.

Trying to make more money won’t necessarily solve all your financial difficulties. Your debts could be piling up with no sign of relief.

The truth is you can only make a good use of a large amount of money like $1,000,000 if you can take care of a small amount like $10.

You should start treating money like the rich people do.

The philosophy of the rich and the poor is this: the rich invest their money and spend what is left. The poor spend their money and invest what is left.

4. Time Management

We all have 24 hours a day, 7 days a week.

Why are some people more productive than others?

It’s because they have mastered the art of time management.

How much of your valuable time do you lose parked in front of a screen?

Only 23 percent of the rich watch more than an hour of TV a day, compared with 77 percent of the poor.

63 percent spend less than an hour a day on the Internet unless it is job-related.

Think about it, how many hours do you waste on unimportant things per day?

You have to start spending your time on things that broaden your horizons, things that move you forward, and things that help you get rich.

5. Creative Thinking

Creative thinking helps in ALL areas of your life.

Creativity will ALWAYS be in demand, regardless of what industry you’re in.

Earlier last year, I read Choose Yourself by James Altucher and it changed my way of thinking and approach to so many aspects of my life.

One of the key takeaways for me was the concept of coming up with 10 ideas each day, no matter what.

Since I began the habit of generating 10 ideas per day, I’ve come up with over 3,650 ideas so far.

Sometimes, when I take a look at my ideas, I’ll see some unimaginative things and would wonder how they got there.

Remember the Pareto Principle:

80% of your ideas will suck.

For me, I think it could be 99%.

You only need one brilliant idea to change your life.