Ladder To Wealth (9 steps so far)

I have always visualised a ladder ahead of me and even though I learn a lot daily from books, courses, and youtube. I am always thinking about the steps I took because as we learn, we adapt and then make new moves we never anticipated.

1. First step I did is I got myself a skill that I could do to trade my time, its not the best idea but you can turn it into a business later on
2. Education — I didn’t bother finishing A levels or university as I didn’t see the point in wasting my time, I realised it was a “scam” and I would do business and create my own job. Education needs to be aggressive and ongoing, this should be recognized that education compounds and things get easier. I got into the self development world and things got better and better as I broke limiting beliefs and battled on.
3. Get attention somehow, it could be writing, social media, running a community, youtube or any other way to get a following, this process needs to be continued as well as education.
4. Learn business, sales, and marketing, sell to that community, use your skills to create a product or run a second job, you need several sources of income but must avoid trading your time, when you start working for free all the time on potential projects, its a good sign you are getting somewhere. I still work for free on other peoples projects for experience and learning.
5. Create a business that you can brand and scale it. Bbefore I was happy to sell stuff for money but you really need your own brand to keep sales strong and customers loyal.
6. Make that business big enough to delegate everything so you no longer have to make any commitments, now you are a free man.
7. Use your time to learn, look for new business and finding investors. This is where all your sales and business skills come into play over and over again as you repeat this process. Set up the business and get the right staff in place. Getting the right staff and training them becomes a very important skill that I think you cant outsource for the top level staff
8. As you grow your businesses, sales, product ranges, you can spend even more time learning and looking at bigger things.
9. Invest 30–70% of your income into index funds, I would say into stocks and shares but I could write a book on strategies and different ways to tackle it, but for the general hands-off person, I recommend low cost, low-risk index funds, of course its a good entry point for people but I have gone into trading, investing in individual stocks and shares. You should be investing as soon as you could but I have added it at the stage that I started it.
10. stages 7,8 and 9 are processes that get repeated, but for me the next stage is to educate people to feel good about myself, traveling and charity, but I need another 3–4 years of 7–9 to sort myself out to be in a better position, my income is good but my net worth will take a while to accumulate. I am doing this by investing and trading full time pretty much.

To read abit more about the author Bryan Flowers his interview here