How to become RICH?

This isn't the ego in the traditional sense, but rather that component of the mind that acts as the primary driver of the psychic apparatus.

Since every person is unique with unique experiences, the ego works differently in each of us.

Why is this so important to a discussion about getting rich? It's because, as human beings, although we understand the concept of not being able to get what we want when we want it, it's still such a deep and sudden urge that burns inside of us, that we have difficulty seeing the forest through the trees.

The truth? We want what we want and we want it now. Even as adults. Why should we have to wait? That's the resounding line of thinking at least.

That might be why we have on-demand everything. We live in a society where fast food is prevalent and exists on nearly every corner or town across the United States and we're able to access all of the world's information in real time from anywhere we want from little pocket super computers.

We can hail rides, find dates and do everything in a flash, instantaneously. Clearly, we want to lose weight and get right quickly and not have to wait, purely because our ids are so powerful.

However, this can be debilitating, to say the least. That's likely why we see so many get-rich-quick schemes and fad weight-loss diets.

We want what we want and we want it now. But we can't expect that if we're serious about making a mark in business or society.

Instead of instant gratification, in order to create sheer abundance, we have to do the most amount of work for the least initial return. We have to deliver massive amounts of value, and do so repeatedly. Plain and simple.

After an extremely intriguing conversation with Clothier, I began to better understand the concept of arbitrage and how anyone can use it to succeed in any industry.

The difficulty here is first being able to identify opportunities for arbitrage, and later being able to fully leverage those on a larger scale. But once you find what works, expanding and scaling becomes almost instinctive and native rather than some grand hurdle.

If you're unfamiliar with the concept of arbitrage, here's how it works. Wikipedia describes an arbitrage as effectively, "the practice of taking advantage of a price difference between two or more markets: striking a combination of matching deals that capitalize upon the imbalance, the profit being the difference between the market prices.

Clothier was able to identify arbitrage opportunities in the grocery industry with precision.

However, what he didn't fully appreciate at the time was just how much others were helping in the process to push and enact those deals.

When he walked away from a nearly $2-billion-in-sales company at the age of 30, he simply didn't realize that.

In his own words, he was full of himself and entirely overconfident about what he could achieve on his own.

His slow and steady decline in the 22 months that followed his departure from that business was one of the most brutal periods in his life, where he almost lost all hope.

One evening, late at night, during an infomercial, his prayers were answered. He discovered a system for wholesaling real estate and that's where he spent the $1,000 to grab it, at the time, being 25% of his net worth.

However, within a matter of 21 days, he was able to use what he learned in that system to make $8,200. And although he had been making over a million dollars a year just several years before, that $8,200 meant the world to him.

It wasn't just the money, but more so, what that money symbolized. It was his ticket to something bigger and greater.

He had discovered how to arbitrage in the real estate market by flipping contracts. Today, he's one of the world's most astute house flippers, but also a brilliant industry leader.

He took what he learned by arbitraging in real estate, and created an entire real estate SaaS and training business, Real Estate Worldwide, around it, which currently has over 22,000 members.

Not only did he get richer than he could have imagined in his wildest dreams, but he also created sustainability.

He was humbled by his past failures and he used that to grow, to identify opportunities and progress as a person. That isn't something simple to do.

Many of our past beliefs and negative self-talk can easily limit us. But, when you're backed up against the wall, and your entire life is on the line, you'll often do what it takes to succeed.