Becoming rich begins with a decision
- the decision to be become rich. Following that decision are appropriate
actions that lead to riches. You will not become rich by accident. You will
become rich if you make the right decisions which put you in position to make
wealth. And funny enough you make thousands of decisions that affect your
ability to make wealth, daily.
I tried to look into the lives of
some of the world over celebrated multi-billionaires and found out that they
had in common the kind of decisions they made. Some of their decisions were
seen as foolish by people who today celebrate their achievements. Here are
seven powerful decisions you need to make in order to attract money.
1. Changing Your
Mind Set About Money
If you still think money is evil,
you will never be rich. This is an assurance. There are many wrong impressions
and theories people hold about money and this is one reason why they are not
able to rise up to wealth. A few of such wrong impressions are:
-
Money is the root of all evil
-
No one makes so much money genuinely
-
Money is made to be spent
-
More money, more problems
-
More money, more happiness
-
Money is selective on people
-
Money is dirty
See my post titled ‘How
Not To See Money If You Want T Be Richer’ as I dwell deeply on these
and more.
The truth is that you cannot attract
something you don’t believe in. You attract wealth by your actions and your
actions are influenced by your thoughts, which are built around your belief
system. And so to attract money, you need to make the decision to change your
mind set about it. For most people in this category, it will entail a lot
because they may have held to these beliefs for many years. But if anything is
worth doing, it is this, because making wealth begins from here.
2. Going The Extra
Mile
I read a lot and it bothers me when
people say very rich people don’t work too much, they just think smart. While I
agree with them on the latter, I think they got their definition of hard work,
wrong.
Rich people work hard, both mentally
and physically. If reading, making business connections, studying new markets,
dealing with poor habits, creating investments, staying awake when others are
fast asleep and waking up as early as 5 am each day to think and plan are part
of being hard working, wealthy people are the hardest workers.
Rich people work very hard to earn
what they get. They just don’t toil or labor much. They work with their brains
- that’s the difference. They think smart and work hard and so get results.
But, the most important thing to me is that whatever they do, they try to
always be outstanding. If they are in an office, they strive for the top. If
they are in business, they work hard to be the best. They hate average and
mediocre life, with passion.
Most of us are too lazy to ever
become rich someday. We sleep long hours, socialize for more than half of our
day, get comfortable with going through weeks, months and years without
achieving anything, complain about the government, and do everything else but
work hard and think smart. This is the second decision you must make and it
goes with a lot of self-discipline.
3. Attaching High
Value To Time
Time is a very precious commodity
given to everyone in equal quantity. While some people make maximum use of
their 24 hours, some others waste theirs on the things that add no value to
their lives, yet wonder why they are not as rich others. Proper time management
is a serious problem to poor people. Don’t forget that being busy the whole day
is not synonymous to making proper use of your 24 hours. You could be busy
doing irrelevant things.
Time is a commodity that when wasted
can never be regained. Time goes with every passing second and you must make
the most value out of it by ranking it above money. You will always use time to
make money but will never use money to buy time.
If you will attract wealth, start
today by deciding to have full control over your time; schedule and spend it
wisely and be accountable to yourself of every time you spend. Cut down as much
as possible, on all free time and time for leisure. Eliminate time wasters and
distractions. Don’t give your time away too easily. Let people know just how
much you value your time. This decision also goes with a lot of discipline and
could even earn your enemies. But never mind. Rich people never lack friends.
4. Planting Money
Before money enters the hands of
most people, they have had a million plans of how to spend it. That is why most
people are poor. You don’t need to board a plane to go where you can spend
money. Opportunities to spend the least in your hands abound all around you.
Taking the decision to plant money
is so important in attracting money. It is not a very easy decision because the
harvest is hardly immediate. This is called investing. Investing is not a thing
for the now. It is a thing that brings future reward. You may have to forsake
delicious meals, the comfort of luxury cars, comfortable home or a vacation,
just so that you can get these things and much more in the future. Investing is
for the future-minded.
One of my personal goals for the
next 3 years is to build and invest in as many viable business opportunities as
possible. This is a very rewarding goal and can be yours too. Make the decision
to invest today. Acquire or invest in assets such as stocks, bonds, businesses,
real estate, etc. and guarantee a rich future. But, invest wisely.
5. Acquiring Enough
Knowledge
Knowledge is strength. When you
don’t know you have no excuse to give for your ignorance. While men could
understand with you that you did not get the opportunity to go to business
school or get some form of education, life will not. You will have to live
broke all your life.
While Bill
Gates may be a Havard Business School dropout, he is very knowledgeable
in what he does. So you realize that it is not much about formal knowledge. In
fact, some professors are one of the most broke persons in the world.
You need to reading widely and stay
current about everything that has to do with what you do and hope to become.
You will become rich if you are the best in what you do. And to be the best,
you must know all that anyone can, about what you do.
Spend the little money you have to
acquire books, attend seminars, get trained, all to build a wealth of knowledge
in you on your field. Also acquire enough knowledge on how to build wealth in
general. All these will put you in position to attract money. This too needs
money and discipline. But it is crucial.
6. Becoming
Debt-Free
Debt is a habit that you must kill,
if you are serious about attracting money. Many people think that having debts
is a must for everyone. It is not true. Debt to a huge extent is a form of
bondage. When you live in debts, your mind’s ability to focus and think about
making wealth is reduced because you are constantly bothered about paying your debts.
But you can live free of debt if you choose to.
Some people think that having debts
to pay give an incentive to working hard to make money. I strongly disagree. If
you have ever worked before, you will bear with me that each time you had to go
to the bank to receive your salary and remembered that half of the money was
going to some other person, you became more reluctant. It is the same thing
with making money. When you have cleared all your debts, you are more motivated
to think and make money.
Kill the habit of getting into
debts. Do everything you can, to live within your means. Don’t earn money to
pay someone else. Clear all your debts as soon as possible.
7. Thinking & Talking Richly Daily
We all gravitate towards our
thoughts and words than any other place. Our thoughts easily become our words
and actions and our daily actions chart the course of our lives. Why is
thinking and talking rich daily, a tough decision? Because we are more prone to
think and talk things from the stand point of what we are at the moment than
what we want to be. But what we are has nothing to contribute to where we are
going. What determines where we are going are the things we are doing now,
which are a result of what we are thinking and saying now.
Take control of your thoughts daily.
Think about how wealthy you want to be in a few years to come. Visualize
yourself in wealth. Relate with the best things of this life, in your thoughts.
Read a lot about wealth and riches. Feed your mind with things that are meant
for the rich and acquaint yourself with the ways of the rich. Build a rich
mentality.
When your thoughts and words are
filled with things that surround wealth, you realize that you become more
determined to do the things that attract wealth and you hate anything that
makes you poor, including being lazy. Riches follow. But, don’t pursue wealth.
Pursue the live that attracts wealth.
If you are yet to make the above
seven decisions, I encourage you to make them today. I will love to read your
comments below because people can still learn from it.
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