7 Secrets For Being Rich By The Time You’re 40!

When you’re busy working on being successful, you’re not really thinking about how to get rich quick. Because really, you’re doing it for love, not money. But, being financially healthy is great – especially when you get to buy yourself the things you want without budgeting for it.

Wealthy business people are hardworking and know exactly the value of money and how to attain it. They make smart financial decisions and didn’t start anything just to get rich quick, because honestly, building a business from the ground up is not a fast process!

Here are a few tips to learn from successful people on how to manage your money and think like a wealthy person by the time you’re thirty (and beyond!).

1.

Set your standards high and get in touch with the right people

 

@ariannahuff

 

“We agreed that we would each raise half the total needed to launch the site. I ended up raising my half from friends in a week. A year and a half later, we took in venture capital from SoftBank Capital, whose managing partner at the time, Eric Hippeau, is now our CEO.” Arianna Huffington

Arianna Huffington has had her share of hard times. But that never stopped her from setting her standards high. She had no money and a pile of rejection letters, which is a massive contrast to what she has now.

For some of us, giving up a bit of our company is a scary thing. Especially when you have investors that aren’t majorly involved in your company. But that doesn’t mean to say there aren’t the right people out there that can take your vision to the next level with their skillset.

 

2.

Never give up, just restrategize 

 

@annawintourfan

“I want Vogue to be pacy, sharp, and sexy, I’m not interested in the super-rich or infinitely leisured I want our readers to be energetic, executive women, with money of their own and a wide range of interests.” – Anna Wintour 

With 25 years experience under her belt, fashions most famous editor and mogul Anna Wintour joined Condé Nast as creative director of American Vogue and in 1986 returned to England to become editor in chief of British Vogue.

As well as being a fashion inspiration Anna is responsible for founding the careers of famous designers in the world such as Marc Jacobs and Alexander McQueen. She uses her $35 million fortune for good and is hugely involved in charity fundraising.

3.

Work your way up to the top

 

@nat_mass

 

“Having a positive belief that it will all be O.K. just means that you hustle and make it work because failure is not even an option in your own mind.” – Natalie Massenet

Founder of fashion website Net-a-Porter, Natalie Massenet is one of the world’s most influential and successful businesswomen.

From launching the online shopping website from her very own kitchen in Notting Hill, the designer site has become a multi-million-dollar global empire.

Massenet was out of work and pregnant with her first child when she picked up a leaflet from Barclays bank about how to start a business. Ten years later, the company was valued at $390 million and Natalie netted around $55 million! Now she’s working at Farfetch and is valued at around $1.5bn.

 

4.

Don’t take no for an answer 

 

@sarablakely

 

“Believe in your idea, trust your instincts, and don’t be afraid to fail. It took me two years from the time I had the idea for Spanx until the time I had a product in hand ready to sell into stores. I must have heard the word “no” a thousand times. If you believe in your idea 100%, don’t let anyone stop you.” – Sara Blakely 

It seems success comes in all shapes and sizes. A door-to-door fax salesperson, Sara Blakely became an entrepreneurial superstar at 29 after saving up and investing  $5,000 in her business idea.

The CEO of shapewear brand Spanx is now worth $1 billion and today her products sell in over 65 countries!

In every conversation she had with potential manufacturers, she was faced with rejection. No one wanted to take a chance on her until one manufacturer called her back and said yes –  all because he told his daughters about her idea and they said, “it’s brilliant.”

 

5.

Don’t just dream about success, wake up and work for it

 

@zuck

 

“Some people dream of success, while others wake up and work hard at it.” – Mark Zuckerberg

One of the most inspirational stories of all time has to come from Harvard dropout Mark Zuckerberg. He founded Facebook in 2004 at the age of 19 in just one week – crazy isn’t it!It started out being a platform for students to match names with faces in class.

Who would have thought it would turn into the biggest social network in the world and Zuckerberg would become the youngest billionaire on the planet!

Today Facebook has over 400 million monthly active users and he has a net worth of $74 billion. Amazing what you can achieve from your Uni room.

6.

Don’t let your past affect your future

 

@oprah

 

“The great courageous act that we must all do, is to have the courage to step out of our history and past so that we can live our dreams.” – Oprah Winfrey

Born into poverty to a teenage single mother, Oprah has often spoken about the hardships she experienced during childhood. She was raped at the age of 9 and at 13, after suffering years of abuse, she ran away from home.

While in high school, she landed her dream job in radio and began anchoring local evening news at the age of 18 and got transferred to the day-time talk-show arena.

She became a millionaire in her 30’s after her talk show went national and has a net worth of $2.9 billion.

7.

Don’t let people stop you from achieving your dream

 

@zoella

 

“I don’t know what constitutes rich. Obviously, I earn more money now than I did four years ago, and more than I ever thought YouTube would be able to [provide]. But I’m not driving a Lamborghini…” – Zoe Sugg

Vlogging has become a new phenomenon over the years and these days it’s possible to make millions from your own bedroom. 26-year-old YouTube star Zoella has built an empire of over 11 million users since starting her channel back in 2009.

After her dad constantly telling her to look for a proper job and get off her laptop, Zoella proved him wrong and now earns up to £50,000 a month!

So, start something, and if you believe in it, don’t let anyone tell you it won’t make real money – because it will. With hard work and hustle!

 

Were you inspired by these success stories? Let us know your favorite in the comments below.

 

 

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Elizabeth Smith

Hi, I’m an Editorial Assistant and Content Creator here at CGD! I’m an ambitious award winning writer with an extensive background in literature and critical theory. I specialise also in digital marketing, creating engaging content, working with press and creating client relations.

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