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16 things you have to give up to become rich - part 1

If you want to be successful or rich, you have to give up something.

By Cosmin ChildPublished 2 years ago 7 min read
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16 things you have to give up to become rich - part 1
Photo by Emre Alırız on Unsplash

It’s important to read this article again at least once a month to make sure you don’t forget what it takes to get there.

It’s better if you know them and plan accordingly if you want to become rich or successful at something. Even though riches and success aren’t for everyone, you can live your mediocre life in peace.

You should be able to look at someone rich and understand the sacrifices they made to become who they are now. This article should help you do that.

Make all these sacrifices to become rich, but no one has ever made it in life without making at least some sacrifices.

1. My family

When people hear that they have to give up their family, they don’t want to hear it. It’s now at the top of the list. That’s why many successful people wait to start a family until after they’ve made some money because that’s the only way they can afford to support their family.

There are so many things you have to give up to become rich, but this is probably one of the most important. The road to success requires so much attention that it’s almost impossible to reach the same level of greatness if you’re distracted by personal feelings.

Successful people didn’t get married very early in their lives, and they rarely did it in their 20s. Having a child early on is likely going to be very bad for your money and keep you in the rat race.

To become rich, you have to give your full attention to the process. When you have a child or get married, that family is the main thing and everything else is put on the back burner.

Still, on family, another thing that gets cut is your relationship with your parents and siblings. They take time and effort, and sometimes money, that you can’t afford at the start of your journey if you want to become rich.

People who are rich and successful have to deal with a lot of hard truths to get where they are. It’s hard to say that you won’t be there for your siblings, that you won’t focus on building a family right now, and that you won’t have a child until later in life.

2. Health

As you know, health is one of the most important parts of a successful life, but this article is going to talk about the realities of getting rich. The paradox is that some people give up their health to get money and then give up money to get their health back.

However, the road to riches will take a toll on your health. The most common feeling is tiredness because most people have trouble sleeping, the goal keeps you up at night, there are worries to think about, and everything depends on how well you can handle them.

Entrepreneurs have a lot of stress in their lives, and they usually don’t take care of their health in the name of success.

3. Friends

Rich people don’t have much time for friends. One of the things you have to give up if you want to be successful is the people who aren’t pushing you to do better.

It’s important to get rid of the people who aren’t good for you, then get rid of the people who aren’t actively making you better. It is very common for people who are very successful to drastically cut down on the number of people in their inner circle because they only care about how good the people are.

The average future millionaire has 1.8 close friends, and they all want to make money. That way, they can help each other along the way because you need people who can understand why you’re working so hard. Nobody will understand you except for people who are doing the same thing.

If you want to make it, your inner circle should shrink in size but become more valuable.

4. Hobbies

To keep a hobby going, you need to spend a lot of time, energy, and money. It might be hard to have a hobby if you want to be rich and aren’t where you want to be in life.

The first thing you should do is take care of the basics. Then you can go golfing, paint, or do other things whenever you can. It doesn’t make sense to have a hobby when you can’t even look after yourself. A lot of people think that hobbies are important. They should be the last thing on your mind.

5. Time

Between zero and becoming rich usually takes seven to 10 years, depending on what kind of business you’re in and how smart, and how much work you can put in. This will vary based on your industry, your emotional intelligence, your intellect, your ability to play the market, and how much work you’re willing to do to make it happen.

Indeed, the days you spend on a computer or negotiating with clients aren’t going to be the best days of your life, but if you want to become rich, you have to make a sacrifice. It’s the time you spend on the computer or with clients that will help you get rich.

People think 7 years sounds like a lot of time, but that doesn’t mean those years won’t have good memories. In either case, time will go by, whether you use it or invest it in a good way or not.

6. Joy

Getting money means you’ll have to give up some of your happiness to get it. If you love what you do, no one is happy to work 14–16 hours a day every single day to get there, even if you enjoy it.

Evolution didn’t make us like that. There needs to be a balance between how much happiness you’re willing to give up in exchange for material goods and not always asking for help.

Because of this, if you give up too much, you might not be able to keep up with your reality, and giving up some happiness now means there are other things you can look forward to, like spending time with your child because you don’t have to pay the bills. You should be willing to make that trade.

7. Sleep time

Indeed, you can’t sleep, but people who are broke sleep. This is why. You have to be able to give up the chance to sleep because if you sleep, you might lose the chance to be a winner.

Though you need to sleep, it’s also good for your health. If you get good sleep, it might be enough, and if you use the time you have while you’re awake well, you might be able to sleep less. There’s no point in sleeping for five hours a night if you only work eight hours a day.

One must give up sleep to start their journey.

8. Who you are

It isn’t easy being who you want to be, but it’s necessary to be what you want to be.

The smart thing to do is think of yourself in terms of work and progress, like a piece of software or a digital product. This is your current version, but don’t be afraid to make changes, fix bugs, and repeat what makes you unique.

There’s a good chance that your current reality hasn’t made you rich, so you need to do something about it.

Evaluate who you are, what are the things that set you back? Is there anything in your life that you don’t believe? You might think that having a degree is going to help you get where you want to go.

When you do things over and over again, they add up and you need to be disciplined to do them. Most of the difference between a poor person and a rich person is their level of discipline, not how big their bank account is.

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