Today we are talking money, how to get rich, how to increase your wealth and why you should stop listening to 99% of “finance experts” out there. I am going to give you 4 steps that anyone can implement to increase wealth and improve their personal finances.

Let me start by saying this is NOT going to be a get rich quick talk. In fact one of the things I am going to give you is a serious long term wealth idea. It is also a mindset, a change in how you do things. It will not result in overnight wealth, but over time these habits will create wealth for you, and by the end of the podcast or post if you are reading this, you will know how to get rich. 

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In This Episode You Will Discover:

• Why you should ignore most of the advice out there, especially the part about not having your coffee


• Why you can’t save your way to financial freedom


• The 4 steps that anyone can implement to get rich


• and so much more

How To Get Rich – 4 Steps That Anyone Can Implement To Increase Their Wealth

Today we are talking money, how to get rich, how to increase your wealth and why you should stop listening to 99% of “finance experts” out there. I am going to give you 4 steps that anyone can implement to increase wealth and improve their personal finances.

Let me start by saying this is NOT going to be a get rich quick talk. In fact one of the things I am going to give you is a serious long term wealth idea. It is also a mindset, a change in how you do things. It will not result in overnight wealth, but over time these habits will create wealth for you, and by the end of the podcast or post if you are reading this, you will know how to get rich. 

Over the past few years I have been studying people in the personal finance space. And there are a couple I will always pay attention to… Robert Kiyosaki & Ramit Sethi. I recommend you go and grab their books, read all the content they put out and immerse yourself in what they do.

And there are also a whole load of other people out there all with good and some with dreadful advice…. In my opinion.

You see on tv, in articles in magazines we are pounded with money saving tips, and how to get a grip on your finances. And it’s not actually advice on getting rich. Its advice on how to spend as little as possible.

And that pisses me off. The goal shouldn’t be to spend as little as possible.

The Problem With Current Personal Finance Advice

Here is a typical piece of advice I see…

If I don’t have that daily coffee from Starbucks, saving me £3 each day, over the next year I will have an extra £1,095 in my account!

In principle great! In reality… bull shit!

If you actually did this, I promise you, you wouldn’t magically have £1095 left in your account at the end of the year, it would have been spent somewhere else.

The advice we get all the time is, cut this out, you don’t NEED sky tv, you don’t NEED a bigger house, you don’t NEED extra thick toilet paper.

No you don’t need any of it, but what if you bloody want it!

What if that daily coffee is your 30minutes catching up with friends each day, or time for you to relax and read your book. You get way more out of that than the £3 it costs you.

Now…. Get The Same For Less

If you can get your same Sky/Cable TV bill for cheaper, great.

If you can get your same phone contract, for cheaper.. Great!

If you can get better rates on your credit cards, or even get points that go towards stuff on your credit card…great!

That’s just sensible! In fact, that’s another conversation for another day, but you should  definitely do this.

But cutting out the things you enjoy to save £3, that’s not my cup of tea.

How To Get Rich: 4 Steps Anyone Can Implement

Step 1: Have a Plan & Track

Having a fitness business, and having been diving into the world of achieving goals, I see a lot of similarities between those people who woke up one day and wondered how on earth did I get this overweight, and those that wake up and think how on earth did I get in this much debt, or why don’t I have the money I want to do the things i want to do.

It’s not that that person intended to put on loads of weight, they just never had a plan to get fit and healthy.

Same with finances, people don’t think, ooh lets go into loads of debt that I can’t afford. They just never have a plan for building their wealth.

When getting fit there are a few things that we recommend people, top of the list is keep a food and exercise journal. This holds you accountable to what food you eat and how much of it you eat. How many calories are you actually eating each day, and also how much movement you did.

Its the same reason FitBits and other wearable devices work so well. It’s tracking the stuff you want tio improve.

You can only manage what you measure.

And i am going to give you the same advice with your money, you need to know where its going.

Use Money Dashboard (its free) if you are in the UK, I am sure there are US equivalents too. These help you track where your money is going and budget for the future.

And sure if you are spending money on things that you don’t want or don’t enjoy, then stop that immediately. Even look at those subscriptions that you never use, yes I might be talking about the gym, or even Netflix etc.

Step 2: Automate Your Finances

Each month you either get paid a salary, or your business pays you. If you are a business owner, remember you pay yourself first, and do it on the same date every month.

First of all, lets rewind slightly… As a business owner there a lots of advantages of expenses that can go out pre-tax. Make sure you are taking advantage of all of those. Speak to your accountant about those.

Also, there are a lot of schemes coming out to help people, auto-enrolment for example. Before you even get your money you can have your employer automatically put a portion into a pension, and they match some of it too.

There are also salary sacrifice schemes (I don’t like the word sacrifice, it makes it sounds like a bad thing), but you can get discounts on gym memberships, new bikes, cars and child care, and I am sure loads more simply by paying for these things pre-tax.

Anyway, once you have got those set up, its time to automate….

Now, log on to your personal bank account and automate everything that needs to happen…

Money straight into savings

Money straight into investments

Money for all your regular credit card bills

Money for all bills not on credit card – rent, utilities etc

Why automating your finances helps

If you automate this, there is no way that your mind can get in the way and tell not to put into savings, or not to put into investments this month. Just like when you think about getting a chocolate bar when on a diet, your mind will tell you not to put into investments this month so you can get something else, and that will take some extreme willpower to over