How To Get Rich | Rich Vs Poor Principles That can Change Your thought and Life with Example and conclusion
I believe that everyone has the
potential to become rich but why are the
resources found only in the hands of a
few this is one of the questions that
comes up often but I think the answer is
not for our fetched the rich people have
learned powerful skills and timeless
principles that they practice every day
and this has allowed them to remain rich
these skills and principles which they
have mastered is what separates them
from everyday people it is what makes
them remain in riches circumstances may
change but principles remain the same.
Image Rich Vs Poor |
Rich Vs Poor (Learning with Example)
One rich people think
abundance but poor people think lack
the rich have a completely different mindset
when it comes to how to make money.
it begins from how they think scripture
says as a man thinks in his heart so is
he one thing the rich have been able to
master is their act of thinking they
understand that their thoughts would
breed action and their actions would
breed results .
they understand the first
law of success which is first within
then without will you have become on the
inside will be reflected on the outside.
when you realize that most people are
poor it is good for you to make up your
mind . that you won't go along that mind
time that they have chosen to follow
principle to
rich people see opportunity
poor people see problem
Example : Imagine a teacher who got an appointment
to teach at a secondary school and he
had to teach the senior class the ones
preparing for their final exams he
taught them throughout the term and
after they had written the exams a large
number of them failed and had to repeat
the class the teacher could react to
this by saying I don't even understand
why these students are so dull after all
my efforts of teaching they still failed.
Second Example : yet another teacher comes and sees the
amount of failure among the students and
he immediately recognizes an opportunity
to make money while imparting positively
into the lives of these students this
can be done either by writing a book on
practical guide to passing their exams
excellently well or he organizes extra
classes for the students where they have
to pay an extra token to get coaching
for their exams.
Conclusion/Learning From Both of the teacher
the difference between
the two teachers is that one saw problem.
and the other saw an opportunity.
principle three rich people allow the
interest on their investment to compound.
the truth is no matter how great talent
or efforts some things just take time.
Warren Buffett says building wealth is
one of them there is always a time
interval between the time you make
investments and when your investments
will yield dividends .
The rich understand
the law of delayed gratification the
rich understand the principles of
compound interest and they make it work
for them they simply take the interest.
That accrues from an initial capital
invested and put it back into the
business to generate more profit from
the initial profit principle.
fork rich people mind their associations while
the poor don't .
it is said that your network
will determine your net worth
rich people are careful and deliberate
and creating a particular kind of
network around them .
people with empires
in their mind people whose ideas if
worked on and invested in will become
goldmine even the scripture says he who
works with the wise will.
why spending time with wealthy people is
vital ?
If you want to succeed financially
you'll be amazed at how your perspective
changes .
when you hear people talking
about how much they make in a single day.
I heard the story of Jackie Kennedy the
once-upon-a-time wife of John F Kennedy
when she said if I was broke I know what
I will do to get back on my feet .
I will go to the most expensive restaurant in
New York buy myself a glass of water and
eavesdrop on the conversations of the
rich they are careful not to keep within
their circle of friends people .
who are myopic in their thinking this is how
important your association can be
and
principle five rich people make their
money work for them while the poor work
for money a very large number of people
work for money this is because of the
impression .
that they were given while
growing up that to become successful you
must study hard get good grades go to
the best schools secure a good paying
job and save until you retire there is
nothing wrong .with all of this as long
as you are fulfilled.
But Robert Kiyosaki
says the problem with this approach is
that you only make money as long as you
work he said.
the only thing of value
that you have to exchange is your time.
But when we exchange our time for money
our earning potential is limited because
you can only make money while at your
job .
And so to make more money you have
to work longer hours which is physically
taxing he says that the Rich Dad told
him the poor and the middle class worked
for money while
Note: The rich have money work for them.
they do this by learning to
invest and then putting their money in
assets like businesses and investments.
that generates passive income until they
reach the point where they don't have to
work anymore.
They simply spend their money on assets
while the poor spends theirs on
liabilities.
Thanks and Start and change your mindset from Today and Start getting Result from Today.
Post a Comment