You Made Yourself Poor

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Does that statement shock you? Why don’t read on and confirm if its true or not. I’m sure that you may have heard it said that around five percent of the people today either partially control or outright own in excess of ninety-five percent of the resources of the world. You can join the select few. Many people go through life in abject poverty, because they either don’t know that they can be rich or they are not willing to do what’s necessary.

There are some countries where less than five percent Continue reading →

Money Statements

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Now that we’ve take care of the myths let’s address a very popular statement in wealth building I’m sure you’ve heard many times. Here it is:

 IT DOESN’T TAKE MONEY TO MAKE MONEY

1-         Your attitude: Yes it is true. It doesn’t take money to make money. You only need a good attitude. With the right attitude you can make any amount of money you want in the world, but with the wrong attitude about money you won’t get it. It’s that simple.

2-         Rich not wealthy: The statement is also true in case of being rich as having lot money and being wealthy as having money plus knowledge and experience. If someone who have never studied about money, doesn’t know the value, how to save or manage money suddenly inherits a million dollars, it will finish within one year. When he had the $1m he was rich but not wealthy. He had money but he couldn’t make more from that effectively proving the statement.

3-         Not your own money: Wealth teachers use this statement because its true. They say it doesn’t have to be your own money. As my mentor Robert Allen will say, you can buy real estate with no little or no money down. He explains that you can do it with someone’s money. That way it doesn’t take money to make money.

4-         Knowledge and experience matters: All in all that is what matters. The knowledge and the experience is what you should strive for first in your quest for making money and acquiring wealth. After that the money will come.

 

 

Money Myths II

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  •  I am poor because of the rich people of the world. Some people think that because so few are rich that’s why they majority are poor. I’m sure you have heard the story of how of a city with few rich men and many poor folks. The wealth was taken from the wealthy men and shared equally among the poor people of the town. After twenty years all the wealth of the town came back into the hands of the former few men and the rest were poor.
  • I don’t have the ability to make wealth: Jim Rohn said that “human beings have the remarkable ability to turn nothing into something. They can turn weeds into gardens and pennies into fortunes”. So there you have it, you can do anything you want to do, anything. You have all the ability and quality and strength needed.

Not that I blame them for having these thoughts about money. Our world was conditioned Continue reading →

Money Myths

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There are a lot of myths about money which are keeping people from being their best and achieving what they should achieve. People even go to the extent of blaming God for their poverty, imagine! There are a lot of myths, but the popular ones include:

  • God doesn’t want me to be rich. If ever I hear about the biggest lie of the millennium this would be it. Please my dear, God wants you to be rich, He said so in His book that He wishes above all that you prosper in every way. Check Proverb-10.22.
  • God has finished his work, and made all that he can make, and that the majority of people must stay poor because there is not enough to go around. There is more than enough to go round. Even if the world’s population triple from what it is today there is still enough for everyone.
  • I am too old or too young. Please never allow your age to be a barrier to your success. The owner of Kentucky Chicken became a millionaire at an old age after he had retired from active duty. In fact go to forbes and their list of youngest millionaires and oldest millionaires and try to find your age there.

Continues next week.