4 Things You Should Do If You Want To Be Rich

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4 Things You Should Do If You Want To Be Rich
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How does one say goodbye to poverty and connect with wealth? 

The law of financial success never changes. It's always about your ability to effectively create, manage and multiply money. How long one lasts in poverty or how fast and rich one becomes is determined by the person's seriousness with the four key money tools- your Mindset, earning power, savings, and investments.

Let's consider each of them and how it affects one's financial performance.


 Mindset

Your mindset controls everything about your relationship with people and things and it includes your behavior with money. A man's mindset refers to his entrenched personal beliefs. Mindset has a huge effect on your personal choices, and attitudes. Your spending culture for instance is shaped by your mindset. For example, people who don't believe a penny counts in wealth building will spend every little penny they make until they make the money they consider sizable enough before they consider savings. Another who doesn't share the same belief will save every single money they make. A negative mindset about money will most likely create a bad attitude toward money that may ultimately lead to poverty. They are two types of mindsets when it comes to money.  Poverty and Abundance Mindset.  In simple words, the poverty mindset thinks consumption and the abundance mindset thinks multiplication. A poor man with an abundance mindset is likely to fare better in wealth building than someone with lots of money but with a poverty mindset. Someone with a lot of money in his possession but a poverty mindset will end up losing all the money and turn poor.  Bad money attitudes always tend to lead to poverty and an abundance mindset is most likely to lead to more money. Beliefs like "a rich man can never be honest" and "money is the root of all evil" can limit people who place much value on integrity from getting rich. It suffices to say that any money your mindset cannot support will not last long in your hand.  A lot of people are stuck in poverty mainly because of wrong or self-limiting beliefs they embraced earlier on. To get rich one has to adjust his mindset to make it compatible with the laws of financial success.


 Earning power


Your earning power refers to the knowledge, insight, or capabilities you possess that other people are willing to pay for inorder to increase their income or get their problem solved . God made everyone unique so that we will all be in demand socially and economically speaking. Your job is to grow your core competency until you become the people's first and indispensable option. The more irreplaceable you are, the greater your earning power gets.  To earn higher requires that you constantly increase your earning power.  To some, it could mean acquiring more certifications, new skills, or a higher degree. Anything that helps you improve your performance on the job should become your main focus. Money flows away from those with lower earning power to those with higher earning power. 


Savings 

Savings is simply that money you set aside after meeting your obligations. It is about money that is purposely made idle and not being put at risk with investments or consumption. Economically speaking, big income and big spending habits don't establish one as being wealthy. What defines a rich person is how much he can keep out of his income. Savings helps you secure the future and build the capacity to seize rare investment opportunities when it shows up.   A lot of people earn so much only to consume everything with no plans for the future. Saving over a long period with a bank for instance can help bring significant increases to your money through the power of compound interest. 


Investment 

 An investment could be referred to as an asset you acquired or invested in to build wealth and save money from your income or appreciation. In other words, investment is simply the action or process of investing money for profit. To hasten your journey to wealth you should convert a major part of your long-term savings into investment. It's a timeless formula for wealth.  Investments multiply people's money at an exponential level. Many people have through smart investments made it to the list of the super-rich.  One great thing about investments is that it creates income even while you are sleeping. Shares and real estate are examples of investments that have successfully created many millionaires. It's very difficult if not impossible to become wealthy without any form of investment in your favor. At least statistics show that nobody has made it to the "world's richest'' without any form of investment. 


Finally, according to Robert Kiyosaki,  the true measurement of wealth is how long it takes one to maintain his current lifestyle if he stopped working. In other words, if someone who earns five million USD monthly stopped working, and it takes only 7 days for him to run out of cash and be unable to sustain his lifestyle then he was never rich.  A high income doesn't necessarily mean one is wealthy. Enduring wealth takes a sound combination of your positive mindset, strong earning power, great savings culture, and smart investments to achieve. With that in place, you can comfortably say goodbye to poverty and usher yourself into wealth within a reasonable space of time. 




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