Everyone dreams of being successful someday. Surely, no one wants to experience any failure in life, but that’s part of the process. Success is defined as a particular part of your life when you’ve successfully met your expectations. It’s when all of your plans work and dreams come true. Hence, read this entire article about the top 10 rules of success by Meet Kevin. It’s for your brighter future.
1. CONTROL MORE ASSETS
If you are considering increasing your income, you need to keep in mind that the most effective way to do it is by investing in things that will give you profit in the long run. In one of his videos, Kevin said: “nobody creates cash flow with nothing,” so you have to be open to the idea of giving more than receiving at the beginning of your financial journey.
2. HUSTLE NOW, ENJOY LATER
When you’re in a ‘live your day as if it was your last’ kind of mindset, that might be the reason you don’t see success at your door yet. To live, not thinking about the future will keep you broke. We all know it’s hard not to feel tempted with the pleasures of life, but if we look at a bigger picture, we can conclude that the sooner you invest your money, the bigger your profit will be. Hence, this is one of the rules of success that Kevin wants to emphasize to everyone.
3. START NOW
Sometimes we don’t really start working on our projects because we keep making up excuses like ‘what if the world ends tomorrow and my effort wasn’t worth it.’ But the truth is, if the world ends, at least you put your hopes into prevailing over time, and if it turns out that it didn’t end, you get to enjoy the benefits of your choice.
4. FIND BIG MONEY IN LOW SKILL
You can start from a little, but it will surely be very profitable in the end. Find ways to make money that don’t require many skills but still allow you to increase the income you can use for investment later, such as door-to-door sales, real estate, etc.
Anything that comes with a commission is a great place to start. There’s a particular job that no one else wants to do that can bring a lot more profit if you invest your time wisely. As Kevin says, “Find something that takes little time but deals with big money.”
5. WHAT COULD GO WRONG?
Put things on balance and analyze what you are actually losing by trying. Are the gains bigger? We often see people who tried and failed, and they’re still okay. It just didn’t go well for them, but they didn’t end up bankrupt. So what is stopping you is your mind self-sabotaging.
As long as you make one sell, you are already winning. In the case of Real Estate, by selling only one house, you are already covering one whole year’s worth of income. So focus on selling that one house, and then worry about the rest.
6. MODERATION SELLS
Not starting your business just because you don’t have a big capital yet to invest in doesn’t mean you can’t start with whatever you have now. If this means installing your own ‘For Sale’ signs, do it.
Please don’t be embarrassed to do dirty work. It saves you money, and the clients will see you as a hard worker and dedicated person, which will make you different from others. Hence, this is one of the effective rules of success that Kevin wants to emphasize to his viewers.
7. MINIMIZE YOUR OVERHEAD
The first thing you need to minimize when talking about overhead is your employee cost. It’s unnecessary to spend a lot of your earnings on paying ten people if the job they do can be done by four.
It will be a win-win situation. You optimize the work, and the profit is larger for each one. All you need is proof you can do more than your competitors, and clients will come to you faster than lightning.
8. MAKE INVESTING YOUR SIDE HUSTLE
Being open to looking for deals will give you a huge advantage because, while others focus on saving, you are multiplying your gains. Invest in things that will work in the long run, things that don’t need you to pay too much attention, and produce money while doing ‘nothing.’
9. FIND WHAT MAKES YOU DIFFERENT
There is something called ‘competitive advantage,’ which, in Kevin’s experience as a real estate agent, translates to doing that extra work that other agents don’t bother to do.
For example, buying those houses that need some extra work, but with a little investing in reparations, he can make a lot more money than what he spent on it. Try to look for that extra thing you can do to differentiate yourself from your competitors, look further, dig deeper, and your reputation will do the talking.
10. THE RULE OF 200
The word ‘success’ reduces to one simple thing: being able to retire at a young age. What should you know to retire young? How much money do you need? The Rule Of 200 consists of multiplying the amount of money you expect to earn monthly by 200.
The result will be what you need for your retirement — always keep in mind that you should be investing at 6% of your return rate. As long as you’re investing at that percentage, you don’t have to work for the rest of your life. Now, how do you get that return rate?
By investing your passive income in businesses that have this return rate or more. The most important part is setting your target, writing it down, putting it somewhere that you can see it every day, and focusing on making it real.
THESE ARE THE 10 RULES OF SUCCESS BY MEET KEVIN. DO YOU LIKE THE CONTENT? VISIT OUR CHANNEL ENDLESS AWESOME TO WATCH MORE ARTICLES LIKE THIS!
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