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There are several documented ways to get rich. One of them is to work hard at a well-paying occupation, live beneath your means, save your money and invest it well. 

What career path is the best one to take if you want to get rich? As it turns out, you can do almost any lucrative job and get rich at it if you are careful to save and invest. But, having said that, some career paths do tend to produce more wealth than others. Here are 4 of the top choices:

1. Salesperson

As calculated using current currency conversion rates, American entrepreneur Mark Cuban has a net worth of well over 5 billion Australian dollars; his total wealth is estimated at about 4.1 billion US dollars altogether. An interviewer once asked him what he would do if he lost all his wealth. His response: He would work as a salesperson during the day and seek out a bartending job at night. His answer ought to give you an idea of how important it is to master the art of selling if you hope to become wealthy.

Sales are the key to business — and good salespeople are the key to making sales. Outstanding salespeople are indispensable, and they can accumulate significant wealth if they are careful to negotiate lucrative deals for themselves. 

2. Entrepreneur

Many of the world’s wealthiest individuals grew their fortunes by starting successful businesses. This does not tend to be a quick or easy path to good fortune. Many entrepreneurs fail multiple times and endure considerable financial hardships before they finally find a truly lucrative business idea to pursue. Some entrepreneurs never become wealthy. 

If you decide to start a  business, it need not be a glamourous one. There are smart tradies who become rich through their business efforts. 

3. Surgeon

If you have an aptitude for human biology and a desire to help others, becoming a surgeon might be a career worth your consideration. It also helps if you have a calm disposition and aren’t inclined to be squeamish.

Surgeons in Australia earn variable salaries depending on several factors including specialisation and level of experience. A surgeon with significant experience can earn as much as $393,467 annually in Australia. 

Meanwhile, the median annual wage in Australia is only $65,577 a year, according to News.com.au. Imagine how much money you could save and invest if you were to earn as much as a surgeon but live on the amount that the average Australian earns. If you were to make sound and profitable investments with the difference, you’d be likely to become wealthy fairly quickly.

4. Anaesthetist

An anaesthetist is a healthcare professional whose primary specialty is administering anaesthesia to patients. This is one of the riskiest jobs in the entire medical profession, as even a tiny mistake with a patient’s anaesthesia is likely to result in tragedy. This is a job that’s only suited for individuals who can handle a high level of responsibility – but with that responsibility comes an attractive paycheck. Anaesthetists in Australia can earn salaries upwards of $300,000 per year.

No matter which career path you decide to pursue, the most typical path to wealth involves seeking out knowledge and training; building a professional network of successful contacts in your industry; becoming well-known for your expertise; maximising your earnings; and living below your means.

If any of these career paths appeal to you, one of the first steps to getting started is to pursue the training that will empower you to be successful. You can easily find a course that will get you started at Training.com.au, an academic portal specialising in connecting Australians with the training they need to thrive in their careers. Whichever path you decide to pursue, getting the right training will be a crucial factor for your success.

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Thinking about trying your hand at investing? If this is something you want to dive into, you’ll need tools to learn investment in a hands-on way. Read on to discover some of the best types of investment for people with plenty of time on their hands. Give these consideration before deciding which ones are best for you as a beginner.
Property Investing
Investing in property is a wise idea because it allows you to develop a portfolio of investment properties that all bring in regular income. You will be a landlord, and the rent that you charge will become your income. Or you could buy old homes, fix them up, and then sell them on for more than you paid for them. Both options can be good for people who want to make money.
Finding properties that are right for you though can be the most difficult part of the process. You can find out how from RPM. They key is to put your own thoughts and opinions about the property to one side and, instead, look more objectively. Yep, put your business head on. If you can do that, you will  find suitable properties faster.
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Becoming a Partner in a Business
There are many ways to invest in businesses. But if you want a more hands-on experience, invest in one business and become a partner in it. Rather than being a silent investor, you will have a say in how the business is run and what direction it is taking as it (hopefully) grows and expands. This will teach you a lot and make the most of your existing knowledge and experience.
If you want the power that comes from being part of a team that owns a company, without having to come up with a single original idea, this could an ideal solution for you. Just be aware that there is a lot of work that goes into being an active partner in a business. So, make sure you have enough time to dedicate to it. If you don’t, you will regret the decision later.
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Serious Stock Trading
Stock market investing can be done in your spare time, or it can take up a lot more of your time if you want it to. If you want to really delve into the stock market as an investor, putting a lot of time into it can be really rewarding. You will learn a lot more about what stock trading is about, and how to make it profitable.
Track market trends, or buy and sell throughout the day. It’s up to you. This is what the most serious and most successful traders on the market do, and it’s something that you can do too. You might know little to begin with, but this will change when you get into the swing of things.
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The idea of working from home is a dream for many people. I find not having a boss looking over me is well, bliss. It’s awesome. It’s fantastic working for myself now and I don’t regret a moment after walking out of my last job. But the ride from leaving one’s day job to going it alone is by no means for the faint-hearted.
Running a business is not all about ‘getting the sale’ or ‘marketing.’  If you are working from home, which many people do to reduce overheads, there’s much to consider.
Today, I’m taking a look at some cold hard business facts you need to know before quitting your day job – for good.
Image result for sofa laptop[
(Image Source)

Home Modifications

Depending on the type of product you sell, you may need to make home modifications to maximise your success in business. For example, bulk-buying products for an eCommerce business will require storage space.
You’ll also need to make sure any services you need have access to the house. If you sell cars online, you might want need a towing service close by to help move cars around that need fixing before a sale.
The degree of change will vary from person to person. Some people will have to make large modifications to their home – like add an extension to create a home office. Others may have to change the way they live slightly. I had to create a whole ‘private wing’ in my home that wasn’t near a hallway – because I found family walking past would interrupt me too often. Now I’m hidden up the back of the house, which is really working for me. They still find me but mostly they can’t be bothered because it’s too long a walk from the lounge!

Safety Is Important

Always consider safety too.  Unsafe products should not be stored in a home. For example, if you’re a painter you’ll need a large shed for paint and tools. Paint is flammable so you would need to consider this fact before starting a trade like this out of a small home – especially if it doesn’t have a shed.

Cleanliness Is Important

A lot of home businesses are often online. This means that customers will never actually visit your home. You’ll only need a website, in this case.
But, people are visiting to buy products, make sure your home is spotless. Consider creating a special area just for customers to visit. One at the front of your home, where they don’t have to walk through your entire house to get to your meeting room. Your customers are your most important asset, so make a great first impression.
Tip: Consider a super cool digital print in the entryway. We have done this at our place and people we’ve just met always go ‘ga-ga’ over that print.

Check Suitability

Some businesses aren’t suitable to run from home at all. If you have staff that answer phones and answer emails, you’ll need an office. If you are a field engineer, you’ll probably need a workshop. The workshop should be safe and follow all legalities. Make sure your business isn’t breaking any rules.

Other Factors To Think About

  1. Feeling isolated at home
  2. Never leaving the house and feeling like everyone has a life but you
  3. Getting interrupted by children and others
  4. Having trouble ‘cutting off’ from work because it is always in your face
  5. Feeling like you should do laundry while you work
  6. Getting caught up in housework and domestic affairs instead of working
  7. Consider your personality and if you’ll miss people too much
  8. Business is a constant push – some people don’t enjoy that and find working more relaxing
  9. Consider the impact your business may have on your family

These tips should give you a good starting point as to the viability of your home-business. That’s it! If you do venture down the business path (like me) I hope you love it as much as I do.

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We could all do more. Eat better. Go for a run again soon. Call someone we love. Life is crazy and time is a luxury. We’re also guilty of making excuses too.
Here are 20 excuses people make daily (from Lifehack.Org). I’ve written alternatives in brackets to show the impact of negative thinking.
  1. I’m too old to start (It’s never too late)
  2. I’m not talented enough (I can learn anything)
  3. I wasn’t born in the right era (My era rocked)
  4. I come from a poor background (Heaps of millionaires come from poor backgrounds)
  5. I’m not smart enough (I’m smart as hell)
  6. I don’t have the support (I’m growing awesome networks)
  7. I don’t have enough time to discover what I like (I’m making time)
  8. People don’t think I’m capable (I don’t care what people think)
  9. I don’t know if I will succeed (I never give up)
  10. I’ve already dedicated myself to a different path (Change is easy)
  11. I’m not lucky enough (I’m lucky and winning)
  12. I didn’t have the right teachers (My teachers are everywhere)
  13. I’m not destined to succeed (I’m destined for awesomeness)
  14. I’m not motivated enough (I’m taking baby steps)
  15. I’m too distracted by other things (I’ve decided to make some sacrifices)
  16. I’m not educated enough (I’m educating myself on YouTUBE)
  17. I can’t handle failure (Failure breeds success}
  18. I will start tomorrow (I’m starting now)
  19. I’m not ready (I’m ready)
  20. I don’t believe I can do it (It’s possible)
Yes. It’s time to stop making excuses that keep you from reaching your dreams.

Are you making excuses when it comes to money?

Getting good with money is about securing your future. Saving money is an action many people also make excuses about.
‘Procrastination’ and ‘willpower’ are two words that come to mind.
Here are some practical examples:
  • I’m getting takeaway for the family
  • I’m moving $30 to our savings account and we’re having toasted sandwiches for tea
  • I’m buying a coffee everyday on the way to work
  • I’ll put the $20 in the piggy and bring to-go coffee from home
  • I’m heading out to a bar with friends
  • Putting $150 in our savings account and calling everyone over to my house for the night
  • I love those new sneakers – getting them
  • My old sneakers are fine – I’m putting the $120 in a savings account until my old sneakers get holes in them

Do you see where I’m going with this?

The savings from this single example add up to, drum roll….
$320 of savings this week! WOW!!!
It all sure adds up and I wasn’t even finished with that list!!!

4 Excuses We Make That Screw Our Money

I don’t have willpower – I’m a spend freak

Here’s an alternative thought:
I’m a savings freak. I never pay full price. 
Here’s the great news about saving money. If you get good at this, you will unlock a new opportunities.
If you want something you could get instant access to them with a credit card. But that would be silly and this isn’t rocket science.
Instant gratification and isn’t a healthy mindset. You’ll defer longterm financial stability.

stevepb / Pixabay

Here are some more examples:

Want new sneakers?

Do this instead:
  • Start spending less than you earn
  • Free up excess money
  • Put the extra money aside in a savings account
  • Wait for a while
  • Buy the sneakers on sale when your old one’s wear out

Want a beautiful new smile?

Rinse and repeat:
  • Start spending less than you earn
  • Free up excess money
  • Put the extra money aside in a savings account
  • Wait for a while
  • Head online to a site like www.platinumsmiledental.com.au and organise your new smile

Doing the above is good for:

  • Building savings
  • Developing good habits
  • Practising willpower
  • Getting what you want still

I can’t afford to save

Here’s an alternative thought:
Saving is a little habit I’m practising daily. 
Do this first:
If devote the extra money to paying off your debt. The interest on debt is higher than what savings accounts offer. If you don’t pay your debts off, you’ll throw more money into the wind.
Tip: Do put a little away each week even when paying off debt. Even if it’s $10 a week. Banks like to see money building in savings over time.

3112014 / Pixabay

I’m crap at budgeting

Here’s an alternative thought:
Budgeting is easy. I just have to learn how. 
Become a penny pincher, create a budget and stick to it. If you have a small budget, you may still get the sneakers. But, you are likely to buy less expensive copies instead.
Guess what? No-one will ever know!
The key message here is:
Shop smarter. Consider buying unbranded groceries. Lose cable subscriptions and watch YouTUBE instead. You’ll get that education I talked about above.
By spending less on clothes, food and general living expenses, you can save for what you actually want. Avoid short-term fixes and expenses.

Pexels / Pixabay

Budgeting is key

This is easy with mobile apps that send reports. Also look at your credit score and work at getting that perfect. Tracking spending data enables you to see any worrying spending trends.

Do this now:

Open an online savings account that’s not attached to your bank. I personally use UBank. Online banks are great because they usually don’t charge fees. They’re also not visible in your normal everyday bank account view. So if you set u a direct debit your savings will accumulate and you’ll set and forget.