What if I told you that there was one main reason why you will never be rich
the majority of people have accepted that earning money and becoming rich was
out of their reach with this fixed mindset these people dragged themselves
into work each and every day trading their time for a paycheck that barely
covers their bills in the next couple of minutes I will tell you the one thing
that separates the rich and the poor and how you can leverage this knowledge to
increase your income exponentially before I get into how the rich make
their money it is just as important to understand why the poor stay poor over
the last couple of months I began to notice something at my local grocery
store and you may have noticed this at your grocery store too
every visit I would notice that more and more of self-checkout machines were
being added to the store and less and less cashier lanes were being deployed
this made sense since the self checkout process was typically faster than going
to a cashier and from a business perspective the cost of the self
checkout machine will be much cheaper than an employee in the long run it then
dawned on me that all of these poor cashiers were soon gonna be without a
job as a roll will have been fully replaced by these machines this easy
replacement is the exact reason why poor people stay poor they have very low
skill levels and these remedial skills are often the first to be automated or
eliminated so not only do these poor individuals have to struggle to make
ends meet as they trade their low skill for minimum wage they are also the first
to lose their jobs when technology advances now you may be saying to
yourself I have a college degree so I will always have a high paying job
there's no doubt that gaining that technical skills that you get at college
can help you get a job and increase your earning potential
but these job-related skills pose another issue you see we live in a world
where companies are starting up and shutting down at a record pace and while
your skills may be applicable to one company they may not be applicable to
another let's use the example of a civil engineer to explain this point let's say
Jeff is a great engineer who specializes in building high-rise buildings if for
any reason the company Jeff works for closes down he may have trouble finding
another job especially if the company he worked for
was the only one in his town to add to this issue these types of careers are
often very competitive meaning that if there are only a few drops vacant there
will be tens hundreds or even thousands of people applying to them let's say
your company is not going anywhere so transferring your skills is not an
issue does this mean you will become rich as long as you keep working not at
all and this is because as business becomes more competitive companies are
finding any excuses they can to cut costs which oftentimes comes at the
expense of their employees salaries so if having low level or job related
skills aren't the way to becoming rich what is the type of skills that the rich
spend their time mastering are what is known as high income skills high income
skills are defined as any skill you can learn that can make you $100,000 a year
notice the nuance in this definition this is not a job that can make you a
hundred thousand dollars a year but a skill now you may not have heard of high
income skills before because they aren't taught in school and are not highly
publicized but this fact alone makes them more valuable than just about any
skill set you can get from attending college you see high income skills have
three elements it has to be in high demand it has to be scarce and has to be
a very high value to those it serves let me share with you one of my high income
skills to further paint this picture as a trained accountant I have cultivated a
mastery in personal and business taxes this skill set allows me to charge
clients anywhere from two hundred to five hundred dollars an hour because it
satisfies the three elements of a high income skill firstly it is in high
demand as just about everyone has to file taxes secondly tax specialists are
rare just the thought of tax makes people sick and it is a high value as my
advice says my clients thousands of dollars a year one aspect of high income
skills that I love is that your income isn't restricted by how much your
employer will pay you which means that as you call fate more and more high
income skills your income will only further increase but even better is that
because high incomes goes often help others make money your clients will
continue to want your services meaning even more cash for you now maybe tax
isn't your thing so what are their high income skills can you learn to make
ungodly amounts of some very popular high-income skills
include copywriting digital marketing and even coaching as long as the skill
is rare in demand and valuable you can use it to make tens of thousands of
dollars every single month now let me tell you the best part about learning a
high income skill the best part is that the majority of these skills cost much
less to learn and master than any degree that would allow you to earn only a
fraction of what your high income skill would in short there is no getting
yourself into tens of thousands of dollars of debt to obtain a skill set
that is capped by your employer like those you get at college so if you want
to become rich begin cultivating the heinken skill that interests you the
most and soon you'll be making more money than you'll know what to do with
thanks for watching if you want to go from the life you have to the life you
deserve then hit the subscribe button now
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