Top 7 Skills That Will Make You Rich

Have you ever heard that lack of money is a little problem?

You know what?

Lack of money is never, ever, ever a problem.

What I mean by that is lack of money is simply a symptom of the problem, but it is not the cause.

What the problem really is, is a lack of skill.

Have you ever heard stories of lottery winners who suddenly win for money coming into their lives, millions of millions of dollars, only found themselves a few years later broke, bankrupt?

Now, why is that? They have money but they don't have the skills of the rich.

Today I am going to explore the top 7 skills that you should master to become rich.

All seven skills are taken from Dan Lok (Dan Lok is one of the most recognized entrepreneur mentors in the world, having built a coaching and consulting enterprise that has collectively sold over $100+ million dollars worth of coaching programs, digital courses and high-value services online)

So, today I will tell you the seven skills that will help you master wealth.

There are seven skills that Dan believes you need to understand and master if you want to be rich.

Now, as I go through each skill, I want you to ask yourself the question, and comment below, and rate yourself from zero to 10. Zero being absolutely horrible like you suck, and 10 being world-class. So, here we go.

Skill No.1:- the ability to talk to customers persuasively.

Dan calls that closing skill.

Do you know how to close?

Can you articulate the value of what you do to your potential clients?

Do you know how to ask powerful questions that compel people to buy?

Are you comfortable talking to strangers, presenting your ideas, demonstrating your product or service?

Closing skill, Dan believe, is one of the most important, if not the most important skills you need to master, if you want to be rich.

When you are talking to customers, you're closing.

When you're talking to vendors, try to persuade them to give you better terms; guess what? You are closing.

When you're talking to your employees, you are closing. So, that's skill number one.

Skill No.2:- the ability to speak to groups.

Dan call that public speaking skill.

You see, do you know the number one fear that most people have in life?

It's not a snake, and it's not even death.

The number one fear that most people have is public speaking.

Now, why do so many people, why are they afraid of speaking to groups?

Most of the time, because they worry about if they gonna sound stupid, or how do they look, or they are afraid because they might say something wrong.

All these things, but you look at great leaders, almost all great leaders, they're all great public speakers, such as Steve Jobs, right?

Such as Tony Robbins and Warren Buffett.

One of the skills that changed Dan's life is public speaking.

When Dan joined Toastmasters years ago, he wanted to improve his English and also reduce his accent, and he was improving himself through public speaking.

Dan developed confidence and self-confidence through public speaking.

So, ask yourself, are you afraid to speak to groups?

Do you know how to present your ideas to groups?

Can you communicate with conviction and certainty?

Can you interact with your audience?

Maybe you get sweaty palms.

Maybe you are like Dan; in the beginning, your face will turn pale, and your knees will be locked.

That's okay. It is a learnable skill, but to be rich, public speaking is one of the most valuable skills that you must master.

Skill No.3:- the ability to communicate with words in print, or what Dan call persuasion in print.

Dan refer that as your copywriting skill.

Now, copywriting, I am not talking about being all grammatically correct, although it is good to do that, but I'm not talking about what you learn in school or academic writing; I am talking about communication.

I am talking about, maybe it's your webpage, your video. I am talking about your email.

How do you communicate with the written words?

Now, why is this so important?

Because, in day-to-day communication, the emails you send, all the social media posts, the agreement, the contract, your lending post, or your blog.

A lot of that is written communication, and when you know how to communicate effectively through written words, it gives you tremendous leverage.

Let me give you a perfect example: Let's say you created a social media post, and you have a decent amount of following; that gives you leverage, because what you see and what you write is seen by hundreds of people, thousands of people.

In a few cases, it could be millions of people.

Dan Quote "In fact, copywriting is the very first skill that I developed as young Dan Lok, and that's the skill that changed my life."

Copywriting. Now that is not, and schooln school. School taught us writing, but it did not teach us copywriting, so that's skill number three, the ability to communicate with words in print.

Skill No.4:- communicating clearly and effectively with your team.

I am talking about your leadership skill.

To be an effective leader, you must be an effective communicator.

Do you know what the vision is for your company, and are you communicating that with your team members?

Do you communicate clearly, the vision to your team?

Do you know how to create a good culture within your organization?

You see, all of that is leadership skills.

Business is not a solo sport.

Business is not only an intellectual sport but also a team sport.

It is an organization.

You are only as good as your team.

It is very, very important to develop that leadership ability to be able to inspire, to motivate and lead your team.

Skill No. 5:- The ability to manage and organize your time for maximum results.

Some people refer to that as time management.

Dan refer that as priority management because, at the end of the day, we all only have 24 hours a day, seven days a week, and 365 days a year.

You cannot manage time because we all have the same amount of time.

However, what you can manage, is your priorities.

What are the important things you've got to focus on?

One of the important things that would move the needle is that it will help you move closer to your goals.

The problem is that school never taught us how we manage our priorities.

You do your homework, your take exams, your take care of your family, you're doing a bunch of different things, but most people will never take the time to slow down and look at what we do and ask ourselves, okay, why am I even doing this at all?

What is the payoff of these activities?

We never ask ourselves those profound questions, and, at the end of the day, priority management really is self-management.

How do you manage yourself?

And, if every single day, you can manage your time efficiently and effectively, and you focus on just a handful of things, that two or three things you know if you keep doing that consistently, will get you the results that you want.

So, rich people understand that and realize the value of their time, so they avoid minimum wage activities.

If someone can get the job done, costing you less than what your time is worth, we delegate it. So, that's skill number five.

Skill No. 6:- The ability to read financial statements.

Dan call that financial literacy skill.

Now, this skill is not taught in school.

In school, how do we measure how well we do?

Your school card.

Are you getting an 'A,' a 'B', or a "C'?

We look at financial statements in the real world and in the business world.

Your financial statements are your scorecard.

It tells us how well you are doing financially.

How well are you managing your money?

Financial literacy that's the language of money and how money works.

Your balance sheet, your income statement, and your cash flow statement.

When you look at the statement, you look at numbers, and you're like, "Oh my God, man, I don't know what's going on," or, "I'm not making enough money this year in this poll," or, "I'm having a loss this year in business," or can you read between the lines?

What is it telling me?

What is the story?

How am I managing my money, right?

And you need to understand the basics of some of these vocabularies of money: credit score, return on investment, profit and loss, capital gain, capital loss, and depreciation.

A lot of these words that is what you have to understand.

You cannot improve something you don't measure.

So, financial literacy, and it's an extremely, extremely important skill you must master if you want to be rich.

Skill No. 7:- The ability to manage your own mind.

Dan, call that your mindset skill.

Frustration, negativity, fear, envy, depression, limiting belief, procrastination.

How do you manage your emotions?

How do you manage your mind?

You see, you could get all the other six skills right, and you can master all the other six skills, but if you don't have your mindset right, it will not work.

The book that Napoleon Hill wrote it's called Think and Grow Rich, part of thinking is managing your mind.

What are you feeding in your mind?

How often do you know exactly what you need to do to accomplish your goal, to achieve results, but you cannot get yourself to do it because of procrastination?

Maybe, how many times in your life have you had opportunities slipped through your fingers, and you cannot get yourself to step up and take action because of self-limiting belief?

Or, how many times do you know that other people believe in you, but you don't believe in yourself because of self-limiting belief?

That's all mindset skills.

Lao Tzu said it best: knowing others is intelligence, but knowing yourself that's true wisdom. Mastering others is strength, but mastering yourself that's true power.