There are many people who are desperately in search of wealth but know next to nothing about how wealth works. It would have been really nice if they take their time to understand wealth before they begin to pursue it. One really sad thing is that so many people will labour so hard to earn money only to lose it in the least expected manner.
What triggered a topic like this in my mind? Years ago someone said, ‘do you know that if we collect all the wealth from wealthy people and share equally with everyone, it will only take a short while before the wealthy people become wealthy again and the poor people will be poor again?’
When I heard that I was tempted to argue just like you are probably doing right now. You may say to yourself that you will never be poor again if real money touches your hand right now. Many people said that before you but there is only one thing that will give us the real answer.
Do you know why people will become poor again in a short time even if they hit come cool cash right now? Let me help you. Chief among other reasons is that many do not have financial intelligence. You can have a steady cash flow and that does not make you wealthy. Some will hit cash and will never be poor for the rest of their lives.
There is something that will differentiate those who will eventually lose all the money they have and those who will retain the wealth.
That difference maker is what has made the poor remain poor and the wealthy to also get richer by the day. The first in the series of secrets is that wealthy people know and also believe that their real wealth is not the physical cash they control. If that was their real wealth then they would be so limited especially seeing that cash can be limited and may not transcend countries or continents for some reasons. Whereas, anyone who is truly wealthy remains wealthy wherever he or she goes regardless of what country it is and what currency they value. In fact, a wealthy man once said ‘take everything I have but don’t take my life. In a short while I will have everything back and even have more.’ Now that is a man who understands wealth.
The wealthy also know that there are some habits that keep people poor and there are habits that keep people rich. If someone is poor today but keeps some of the habits of the rich, in a short while the person will be able to match the wealthy habits with a bank account or assets somewhere.
One of such habits is a spending versus multiplying habits. When you bring two people earning the same thing together, you will see one that is always in trouble and you will see another that always has enough. Why is that? One of them thinks only about spending money and the other thinks about multiplying money. Then one who thinks of spending will soon be poor or remain poor while the one who thinks about multiplying money will become rich and most likely remain rich.
If you have ever thought that the reason you are not rich is because you don’t have money then you may not get rich. Poor people think they will become rich when they have a lot of money. Wealthy people know that with the right information, right people around and right timing they will never be poor for the rest of their lives.
Having said that, you also need to know that wealthy people look for opportunities. Some poor people want quick cash so they negotiate deals that pay them immediately and that’s the end of the business. When you meet a wealthy man, he does not want deals. He wants a contract that can repeat deals. What’s the difference? The man looking for deals only gets one chance to be paid off. The man looking for contracts that repeat deals wants a business relationship that will yield something for him over and over again.
Do you want to be wealthy? I am sure the answer is a resounding yes! Then take care of your impulsive buying. Take care of your unnecessary expenses. Stop putting your future into the gadgets you buy today at a highly ridiculous price and two months down the line the price has crashed way below half of what you paid.
While I think that cable TV offer us great content, it is also wise to check how much you are spending just to be connected to a cable TV. If you pay ten thousand (10,000) a month to a cable TV that will amount to one hundred and twenty thousand (120,000) a year. My dear, even if you are an employee right now, you are already paying salaries to other people. What is your monthly investment or savings?
Now you need to ask yourself a serious question. If we were to have an exchange of wealth in this country right now will you become poor again or retain the wealth going by your current financial habits?