How to Become Rich and How to Build Wealth

By M.Farouk Radwan, MSc.

Who Are You to Write Such an Article?

Although I am not a billionaire yet still I managed to increase my monthly income 6.5 times 13 times 16 times in the last few years.

Doing simple calculations shows that if I kept up this rate I will become a billionaire before the age of forty. Am not going to ask you to buy a lottery ticket nor am going to ask you to marry a rich wife but instead I will tell you what exactly did i do in order to get this 6.5 times 13 16 times income increase in such a short period of time.

How to Become Rich?

If you want to become rich then you should have a burning desire to become rich. just ask yourself these questions to know whether you have such a burning desire or not.

Do I have clear mental pictures of the future car and future house that I want to buy?
Am I doing everything to increase my income? Am I doing my best, fighting hard, sleeping less, trying new things everyday or am i indifferent?

Many people wish to become rich but they don’t “want” to become rich. The word want represents this burning desire that motivates you to go after your goals.

If you really “Want” to become rich then you should be sleeping less, working more, facing your fears, taking risks, makes sacrifices and challenging everything that stands in your way. Only then you will become rich.

Suppose you didn’t eat for three days how will your need for food be like? What if you had to fight a beast in order to get the food? Will you do it? Of course you will and this is exactly the kind of spirit you need in order to become rich.

All people who become rich used to think the same way and this statement summarizes their way of thinking.
“I won’t rest Until I Become Rich, Else, I will Keep Trying Forever”

Knowledge and becoming Rich

I make my money from different sources, investing in the Stock Market, running my training business and through this website (2knowmyself brings the lion's share) When examining these income sources you will notice that they either depend on selling knowledge (like the training business) or using knowledge to get money from others who lack the knowledge (making profit from inexperienced traders through stock market)

If I didn’t knew anything about business, economics and accounting I would have been losing money in the stock market and if I didn’t study psychology for 10 years I wouldn't have been making money from the training business nor from 2knowmyself.

To make the long story short Knowledge is not just power, knowledge is money. Invest in yourself as much as you can. Keep learning, take courses, attend sessions and read as much as you can.

And remember the simple rule; knowledge can be directly sold for money or used indirectly to bring money from other sources. (Like investing in the stock market). Even the thief uses knowledge, he knows how to open closets and lockers, he knows how to sneak unnoticed and he knows the routes he should take not to be caught. I am not asking you to become a thief:) but know that anybody who is making money is making it because he has some kind of knowledge.

Spending less and Becoming Rich

Money was meant to be spent right? Yes of course but money wasn’t meant to be wasted. some people spend money while others waste it. If you spend money on food when you feel Hungary then its OK but if you spent money on cigarettes then as a result you started spending more money on health care then know that you are wasting your money.

The equation is simple, Input – Output = increase or decrease in wealth
Stop wasting your money by buying only what’s necessary then use the money you saved to invest somewhere else. If you managed to do so you will find that each year your income is increasing because you are investing more money.

Becoming rich without having enough money to start

You can still become rich even if you don't have any money to start with. This is because you were lucky enough to be born in the internet age!! Internet businesses have got almost zero start up costs and can sometimes bring you a lot of money. Its worth to mention that was developed by three people then sold to Google for 1.65 billion dollars.

in my book How i did it, i explained how i managed to become a dot com millionaire in few years through my website without paying anything. You don't have to be rich in order to start because you can start with one of those zero budget businesses like and end up with good money :)

False Beliefs and Becoming Rich

If you think you can do something then you will do it and if you think you can’t then you won’t be able to do it. What’s the point in trying to become rich using your conscious mind while your subconscious mind is pushing against you?

Some people have got false beliefs about money. They think they can’t become rich whatever they do or that they were meant to be poor. Unless you are able to challenge these false beliefs your subconscious mind will work against you and you will never become rich. (see Limiting financial beliefs)

Can money buy happiness?

Of course it can. In my book, The ultimate guide to getting over depression i explained how happiness differs from one person to another. If your only life problem was being unable to pay your bills then definitely money can buy you happiness.

For some people money is not important but for someone who is reading an article on how to become rich then surely money can have a dramatic impact on his happiness levels and the absence of it can even result in depression.

Start Now

If after reading this article you went to sleep or to watch TV then you are not serious about becoming rich. Go now surf the web for ideas, write your plan, download the picture of your dream car or start thinking about the ways you will use to make money.

And remember, unexpected problems may put you down, obstacles may hinder you, depression may slow you down but in the end nothing in the whole universe can defeat a persistent person who really wants something so badly.

Henry ford lost his money six times and each time he got it back. So seems that Henry Left you No Excuse.

“I won’t rest Until I Become Rich, Else, I will Keep Trying Forever”

Farouk is not only holding several degrees in psychology but he is also an MBA holder, a stock market investor and an entrepreneur. The information you are reading now can dramatically increase your chance of increasing your wealth and becoming rich. If you have any doubts regarding these statements then read what other visitors say about book How I did it was written by farouk and it explains how he managed to make a website that generates thousands of dollars/month in less than 2 years without paying a penny.

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