Earning More Money from a Financially Backward Background: A Step-by-Step Guide

Chantal Voltaire, a successful individual from a financially backward background, shares her experience and advise on how to navigate the path to financial success. Embracing hard work, budgeting, and continuous investment can be the key to achieving your financial goals.

Step 1: Set a Clear Goal

Chantal Voltaire's journey began with the simple goal of becoming rich—a step that not only set the direction but also fueled her motivation. The first step towards achieving your dream is to clearly define what success means to you. In the words of Chantal, “Congratulations, you did step one: I want to be rich. Now, let's do something about it.”

Step 2: Pursue Education and Qualification

One of the most crucial steps is education and acquiring the qualifications necessary for high-paying jobs. Chantal advises, “Work your ass off to get qualified for a job that pays well.” While you may start at a low rung, with persistence and dedication, you can work your way up the ladder.

Step 3: Dedication and Performance

Being dedicated to your work and going above and beyond what is required is key to career progression. “Work your ass off for your employer. Do more than required. Do whatever it takes to get the job done right on time.” Chantel emphasizes the importance of reliability and hard work.

Step 4: Work Extra Hours and Take on Side Jobs

To maximize your earning potential, consider taking on additional work. Chantal advises, “Work OT. 2nd jobs 3rd jobs. While others are watching TV or relaxing, you are working.” This extra effort can significantly boost your income and help you reach your financial goals faster.

Step 5: Live Below Your Means

Living below your means is crucial for saving money and reducing unnecessary expenses. Chantal shares her advice, “Live cheap. ALWAYS look for ways to cut expenses. Shop at 2nd-hand stores for clothes, pawnshops for tools and such, estate sales for appliances and furniture.” By being frugal, you can allocate more money towards savings and investments.

Step 6: Saving and Investing

Proper savings and investing habits can be a game-changer. Read books like “Rich Dad, Poor Dad” and “The Millionaire Next Door” to gain valuable insights and strategies. “Save and invest… do it all the time.” Start with small steps and gradually build your financial portfolio.

Step 7: Be Cautious with Social Clusters

Beware of the impact of social circles on your financial goals. Chantal warns, “Beware of what you wish for. You’re likely to find that you’re unwelcome in rich circles because you weren't born rich, and you're likely to lose your poor friends too—especially if you lend them money or don’t lend them money.” Maintain a balanced approach and manage relationships wisely.

Conclusion

In conclusion, the journey to earning more money from a financially backward background is filled with challenges, but with persistence, dedication, and smart financial decisions, you can achieve your goals. Start with clear goals, pursue education and qualifications, work hard and smart, live frugally, save consistently, and invest wisely.

Follow the steps shared by Chantal Voltaire and set yourself on the path to financial success. Remember, with effort and determination, you can turn your dreams into reality.