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Insights of the Day

5/27/2009

#5: The Right Attitude towards Money and How to Get Rich!

(Picture created by "Rob Lee" from Flickr)

Money is not the goal in creating wealth. That's right, as Bob Proctor said, money is NOT the goal. People are actually after the dream and freedom that money could buy, not money itself. After all, money is just an idea. Now, here comes the big question: Is money the root of all evil? Maybe, maybe not. Let's explore a little.

First off, there might be jealousy involved in money matters. People think that the economy is a zero-sum game, meaning if the person next to you is getting richer, you'll be getting poorer somehow. That's not right! At least not in our free market society. We have abundance of opportunities out there for us to obtain wealth, and it's not affected by the amount of money the person next to us has. In fact, we should be just as enthusiastic about the success of others as we are about our own. Jealousy, according to Bob Proctor, is "being afraid of losing something that you do not have". Powerful concept! How can we lose something that we do not have? It shows how ridiculous we are when it comes to dealing with our negative emotions. Next time you feel jealous about someone else's accomplishment, think about the definition and ask yourself this question: How does it affect you in a negative way? 

Another myth about money we should be aware of: getting rich has nothing to do with your education. Right, a formal education will get you somewhere, possibly a great career with fair compensation and great benefits. But there are many school dropouts who became millionaires, or billionaires (Bill Gates comes to mind!); then there are others who are PhD that are broke or struggling financially. What's wrong here? Well, it seems like schools have never taught the students about what is money and how to earn money! Or maybe they can't because they never learnt that either. Whatever it is, I want to share the 6 steps to acquiring riches laid out by Napoleon Hill, after his research on more than 40 millionaires to find out what made them successful. Here you go:

1) Determine the exact amount of money you want
2) Determine what service or product you intend to provide in return for the money (No free lunch!)
3) Determine the exact date you intend to have the money
4) Determine the definite plan for carrying out the desire
5) Write out a clear statement of the first 4 steps, as well as the strategies/plan for achieving it
6) Read the statement aloud, once in the morning after you wake up and once at night before you sleep. As you read, see, feel, and believe that yourself already in possession of the money!

Summary:
1) Money itself is not good nor evil. It's the people that determine if the money will be used for good or evil doings.
2) Jealousy is being afraid of losing something that you do not have. Get rid of that in your life!
3) Carry out the 6 steps to acquiring riches, and believe in them as you do.

I hope you could share some of your insights or experiences into this topic!

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