Insanity is defined as doing the same thing over and over again and expecting different results. By this logic, if you’re looking to change your current financial state, you’ll need to start handling your finances differently.

The biggest change you most likely need to make is learning to take risks. All financially successful people have taken risks to get where they are, and they are successful because they manage rather than fear these risks.

Taking risks means not always being balanced and safe with your money, which is what you’re doing when you put it in basic checking and savings accounts at the bank.

Instead of playing it safe, try investing your money in stocks or bonds. While these are considered more risky than typical bank accounts, they have the chance of generating much, much more wealth – sometimes (as with stocks) in a very short period of time.

Or, if you don’t want to commit yourself to the stock market, there are a variety of other investments that will help grow your wealth in the long run, like real estate or so-called tax lien certificates. With tax lien certificates, interest rates range between 8 percent and 30 percent.

Of course, the higher the potential for return, the higher the risk. With stocks, for example, there’s always the slight chance you could lose your entire investment. But if you don’t take the risk in the first place, you’re guaranteed not to make any big returns.

So you see that taking those bigger chances and handling the bigger risks they present is necessary in order to start making a bigger income.

To become wealthy, you must learn to take risks.