How to program your mind for wealth
“Money doesn’t equal happiness.”
You’ve most likely heard this quote, somewhere, sometime. And probably there was some rich old guy who said it — and it’s true! Money doesn’t equal happiness. It can even bring problems to your life as well.
But, it’s nothing compared to the problems and the struggles of what not having enough of it. Those who have struggled with money in life recognize its real power. Indeed, money can’t buy everything, but poverty can’t buy anything at all.
The first thing you need to understand before you read about these 7 concepts that will guide you to build wealth is that money is just a tool. It is a tool to help you accomplish what you want — to fulfill your worthwhile goals — and to give you actual freedom.
“Money is only a tool. It will take you wherever you wish, but it will not replace you as the driver.” — Ayn Rand
Overnight success is a lie — a myth — something that is just not true.
If by this term, they mean someone who worked hard for a lot of time and his or her work paid off massively in just a day or two: launching a product, opening a store, or publishing a book. Then that is in no shape or form overnight success. That’s just what we consumers and casual observers see.
But if you looked closer and stared deeper, you will see that these people’s successes were built toward for months or most times years and years.
J.K Rowling spent six years writing the first Harry Potter book and got rejected twelve times before it got finally published in 1997. It took eight years for her to write and finally publish the first novel of the series. The series that later sold over 500 million copies worldwide and became the best-selling series in history!
Almost an entire decade. Maybe now you’ll wonder: what about those who won the lottery? Isn’t this an overnight success? Well, winning the lottery is not success at all. That’s just some luck and gamble, and its receiver will mostly spend it foolishly and lose it in a matter of a few years. Like what happens to most lottery winners, you can read about their sad riches to rags stories all around the internet.
No matter how many millions they get, they will always stay broke. This just goes to prove that wealth is not for everybody.
You have been sort of like programmed all your life. Since the day you were born: programmed from your parents’ old way of thinking, from the news and what media likes to feed you, and from society as a whole.
Haven’t you ever wondered why after more than 12 years of schooling and education, we still don’t know a thing about how money works? Let alone how to build wealth? Which is quite a simple equation that I will explain later in this article.
You might wonder why the ‘schooling system’ isn’t teaching us about money or how to build wealth? Well, simply because if everyone was rich and wealthy there will be no more working people.
Teachers with low salaries may quit their jobs to get more money. Plumbers will curse their jobs and go off to be entrepreneurs. Thousands and thousands of engineers will get tired of math and building things for a salary, and just go out searching for wealth elsewhere.
You get the picture our world will be in, shambles. Again, that’s why not everyone is meant for wealth
The wealthiest and the best money managers in the world think slow before taking action. They calculate each move and study every possible outcome before they precede with action. They see beyond — with multi perspectives — and learn as much as they can before venturing with their money on a specific subject, business, or investment.
Smart money is slow money.
Warren Buffet (considered one of the best investors of all time) built his 73.2 Billion Dollar net-worth from slow and smart investing over decades. Now he’s one of the wealthiest people on our planet.
“An idiot with a plan can beat a genius without a plan.” — Warren Buffet.
You should plan and study well before taking action — don’t you procrastinate on taking action with planning — but plan and study the market well. Because that will triple your chances and tremendously higher the percentage of you succeeding in business, investing, or anything in life.
The smartest and the wealthiest people value their time over anything and everything. They know that it is their best and most valuable asset.
If they had a small task that would take hours or even less for them to do, they would hire someone else to do this job for them. Because their hour is worth much more than whatever they will spend on the person outsourced with the task. They would rather spend that time doing more important tasks for their business and future, or just relaxing with their families.
So — depending on your resources — leverage as many tasks as you can to other people, and automate by using systems and software. This will make your business run in automation and reduce your time spent on it.
(for ideas on automation like; virtual assistants, freelancers, and more, I would suggest reading The 4-Hour Workweek by Tim Ferris. A great book I highly recommend).
You build wealth by making money first (breaking news!), and how you make money is by solving problems. And how you make it big is by finding a scalable solution to a particular problem, or multiple problems. Find a solution and build a business around it.
Your solution needs to affect a massive amount of people.
Say you want to start a restaurant — don’t. This is not scalable, because you’re limited to the area and the people there. But starting a franchise like McDonald’s or Starbucks is definitely more scalable.
What if you want to open a retail store selling some nice muffin-buttoned shirts? You can — no wait, probably not with COVID going around — but maybe it is better to build an online store and make a brand selling this specific kind of shirt. Selling the product and shipping it worldwide — now that is more scalable.
You will never find Infinite Scalability with a job. And be careful to not make your solution in need of your time to generate money.
Say you teach English, accounting, or financial classes. Don’t go and charge hundreds of dollars with private coaching. But instead, create an online course that runs automatically. With only a one-time effort — this way thousands can buy your online-course at almost the same time — and you’ll be making some good proper passive income.
A lot about what you know about money is not true — unless you are a seeker of truth like myself — everything we’ve learned in school, movies, media, and even college. None of them ever showed us the true nature of money or anything about how to build wealth
Don’t chase it, never. Do not push it further and away. But instead, focus on attracting it. Be what the money wants and needs.
But how can you do that? You do it by chasing problems and finding solutions to them. Build a scalable business around your solution, as I said earlier, and watch it grow.
Solve a Million Dollar Problem, and you’ll get paid millions of dollars. Solve a Billion Dollar Problem, and billions will fall upon you. Like what Amazon did with saving consumers time with shopping online, easing their purchases with fast delivery and cheap prices with an extreme range of products in just an online site.
Jeff Bezos solved these billion-dollar problems. Now he’s worth 175.3 Billion Dollars (It was 134.2 billion when I first wrote this article. This man is making more than a billion a day!).
Now you know that money is not a salary from a job — money doesn’t equal that — you get paid in direct proportion to your perceived value. The value that you bring to the market.
The more you give, the more you get. But you might wonder, how then can I increase my value? Easy — sorry, not easy — you need to learn more valuable skills. Study the market and your field thoroughly, acquire more and more knowledge. Keep seeking knowledge in the right direction and work hard to develop your skills, and you will see yourself climbing through the ranks.
This one is the most crucial, yet is often overlooked. Do you know why? Because even with the right type of information and specific know how a person with an employee’s mindset cannot become an entrepreneur.
Someone who believes that money checks in only at the end of the month and that entrepreneurs have some kind-of superpowers cannot become an entrepreneur without changing his mindset. Someone like that — who believes that wealth is never meant for him or her — is just too narrow-headed to make it in the big game. Probably even if they read this article they would probably say that it is bogus and what I’m saying is not true, and; who’s this guy to even talk about this?
So please, don’t be this someone, for yourself and your loved ones’ sake. You need to think like an entrepreneur to become an entrepreneur. Believe that you’re already there and act accordingly — wake up as if you’re already there, work as if you’re already there — and force your reality to catch up with your beliefs.
“He who thinks he can and he who thinks he can’t are both usually right.” — Confucius
The mind is limitless, so don’t limit it.
They say knowledge is power — knowledge itself actually isn’t — but what you do with your knowledge is where true power comes.
There are lots of people who know a whole lot but still are broke or in debt. People who consume all day, but take no to little action. Don’t be like these people — you haven’t stumbled upon this article for no reason — so start taking action now.
Most people live their entire lives believing in lies, too afraid to break the rules and challenge the norm. You have no idea how blessed you are to acquire this knowledge, so don’t stop here. There are hundreds of millions of people around the world without even a basic education.
Seek more knowledge and apply It, and don’t stop doing that ever. Stay committed and consistent, and you’ll be rewarded with tremendous wealth and prosperity for the hard work you put in.