How do we Spend our $$$$$ !

People with Poor Thinking spend like the Rich!
VS
People with Rich Thinking spend in Richness!

Is the above statement true for you? For me it was, my rich dad that said our income will never exceed our self-image and we must have the self-image to handle wealth. I believe we are stewards of mother earth and its resources, how we manage and grow them is our collective responsibilities. But first are we responsible for our own personal wealth creation.

My story, I came across a substantial amount of wealth in the year 1995 after selling of my private property. I was a poor thinker spending like the rich. Bought a second hand car in cash to help a friend out who was having financial difficulties. I bought a home and renovated like the rich, personally selected Italian tiles for my home, bought designer lights from Europe which cost about $1’000 per piece. Bought even a marine coral fish tank, a self- sustaining system which was about $10’000. All for what, to impress the Joneses, living like the rich but thinking like the poor. Invested in a business, losing all my money made me realize what a fool I was. No financial literacy period. It has taken me awhile to learn these lessons and the first lesson is learn to think like the rich. The rich tracks and keeps records of their finances by way of an Income/Expenditure and Asset/Liability account while the poor only have an Income/Expenditure account. What I discovered is the poor spends money on consumer products, which we all love to do and probably it will end up in the trash. While the rich invests money in assets which produces income. Asset puts money in your pocket while Liability takes money out of your pocket.

This would be a good place to start a link to download and create your very own Income/Expenditure and Asset/Liability account. Please click here Rich Dad's Personal Financial Calculator. What’s the point in becoming rich if you do not know where your money is going? That’s what happened to me, I become temporarily rich and lost it all. Once a acquaintance said this; "The essential miracle is not walking through fire, or on water: it is waking up!" +Dilip Mukerjea+

So wake up! First you need to start thinking and acting like the rich before we can spend like the rich. Your first step to being rich is to start reading this book by Robert Kiyosaki, “Rich Dad Poor Dad” to change your thinking next start acting by creating your very own Income/Expenditure and Asset/Liability account. What’s the next step, coming soon in future blogs?

Duplicate don’t Complicate !

From the 26^th to the 28^th of March 2010, I was at a major e commerce seminar where we had successful millionaires sharing success principles with an audience of about 700 + would be millionaires. As I was taking notes a thought came to me “Duplicate don’t Complicate”. All through life we all wish to succeed but some of us don’t and some of us do, why? In my past 7 years of helping and mentoring individuals to succeed I have found that the reason why individuals fail is because we do not want to follow success principles to the letter.

We start and stop, start and stop, start and stop and then quit! While those who succeed stay on the course, stick to the letter of principles and figure out how to get these success principles work for them. We should duplicate success principles, why because it works, that’s why! Countless books have recorded success principles, they are even found in religious books and why are we discounting them. Maybe too much education has made us dumb and we can’t see the simplicity of becoming rich, so we complicate by questioning proven success principles. We start and when it does not work we question the success principle.

Lets use an example like the law of gravity, this principle works right. The earth is 93 million miles away from the sun; it’s exactly where it should be for life to flourish. If the earth is just a 100’000 miles in excess closer or further we either get burnt or frozen to death. Why don’t we question law of gravity because we have either taken it for granted or never questioned its very existence except Isaac Newton and its existence validated. I am sure Isaac Newton must have tested this theory, having done numerous experiments and validated its existence.

In this process of testing theories, success principles have been worked and tested to its existence and proves it works by individuals who have used its principles and share with us through their successes but what they have not shared is the many failures they had to go through and the many corrections they had to make to get the success principle to work.

Napoleon Hill took 20 years of his life to interview 500 + successful individuals and documented 17 success principles and the book is called “The Law of Success”. This book its like a bible of success, subsequently another book was published, which I highly recommend to read before your start to read the bible of success and that is “Think & Grow Rich” and it gives an intro to success principles. This book is a classic and I would recommend that you should re-read this book every year.

Duplicate its principles don’t complicate it, and make constant corrections to make the success principle work and in the process you will figure out what works and what doesn’t. And the answer to success lies in your hands!