In continuation of the article: Why you are not Rich? (Part 1)
Not Concerned for Health
Till you attain the age of at least 40 years, worrying about your health is probably not the first thing on your mind. You love to eat junk food, sweets, etc., and love to smoke and drink too. You don’t exercise at all to keep your body in good shape. You don’t ensure 7 to 8 hours of sound sleep every day. You are probably not too worried about your rising blood pressure either.
Now, what will happen when you reach the golden age of 40 years after having lived such a life? You will start showing symptoms of chronic diseases such as high blood pressure, diabetes, etc.
You will end up wasting precious time and money on more than regular checkups and will experience a lot of physical limitations with respect to even your working hours.
You will be asked to ‘avoid professional stress’.
You will have to pay hefty bills to doctors for their fees and medicine. Even if you are insured, you will have to pay for a premium every year, which could otherwise have been used for investments.
That means you will automatically be forced out of your regular competition against those who took good care of their health in the earlier days and are conscious of it even now.
Health is one asset which God gifts equally to almost everyone. It’s a privileged starting point. How one maintains it and keeps it safe is totally an individual’s choice.
Moral of the story: Your health will be a game-changer at the peak of your career.
Paid Per Hour
There exists this beautiful concept of an ‘economic pyramid’. For the sake of a better understanding, let us break down the wealth distribution ratio for people of varying dispositions, regardless of their social background.
We have the ‘lazy’ people at the bottom, who eventually fall into poverty. Either due to some conscious decisions or perhaps due to reasons beyond their control, they don’t actively participate at a certain required level in the market place.
Then comes the group of ’employees’ who work for 40+ hours a week and get paid on a per-hour basis. They are categorized as the various sub-sections of the middle class. They improve their conditions by undergoing up-gradation courses and getting paid more per hour, or by working for long hours with or without breaks.
Then come to the people who pay the middle class for their 40+ hours a week of work. They pay themselves. They spend on whatever they need from the huge profits they make.
Then come the people of the top brass. They are paid to solve big problems involving hundreds of people and moving pieces. They are paid on the basis of solutions, creativity, and vision for the organization which drives a company’s future.
Rule of the Game: You need to understand that all of us have only 24 hours in a day so one cannot expect to be paid for more than that. Therefore, if you are paid by the hour, you have a ceiling of a limited number of working hours above your head that you can capitalize on. In order to improve your standard, the only method is to jump up levels.
More Focus on Savings than Earnings
This section differentiates between people who are working to become rich and people who are trying not to be poor.
You can save your way into the middle class, but you cannot do the same to attain a billionaire status.
The only way possible to become rich is to earn more, then save more, and invest the savings. For that, you need to figure out where to invest your savings so as to generate more money. Then, you take the money earned from your last investment and invest it in other projects or schemes which can generate even more wealth. Keep repeating the process until you achieve your wealth target.
Moral of the Story: Without increasing your earnings, you won’t be able to make investments.
No Financial Goals
People who aim to be rich, make it their business and lifestyle to get rich. It becomes a priority for them, to set up their financial goals and then act in accordance with what it would take to achieve them.
Without a proper plan, a financial goal is just a do-to list.
Most people just don’t wonder why they earn less. They fake the life of content as they make peace with their current situation. If you don’t want to stay poor, start looking at how and how much you are getting paid.
Please appreciate that the apartment or house you live in is not an investment.
If you have never wondered how other people have made so much more wealth than you or are not familiar with the process, you are never going to be rich!
No matter how small the investments, learn, understand, and experiment with them. A smart investment will ensure that you generate more money than you put in it. For the purpose of understanding, they can be divided into two broad parts: active investments and passive investments.
Active – you invest money and time in your own business.
Passive – you buy an apartment and rent it out.
Assume that Luck is only with Rich
Do you assume that the rich have got fortunate positions out of sheer luck? That they didn’t have to go through what you are going or went through? That they are born rich? Or they are lucky to have access to some great secret which got them to the position they are at today?
Yes. Luck is a game-changer, but it’s not the ONLY deciding factor.
With the inheritance of wealth or a business, one surely gets a head-start, but to survive the cut-throat competition of life, one needs to fight and pull through, because only the fittest survive.
People who were in a worse situation than what you are in right now managed their way up to the billionaire club with thorough planning, hard work, dedication, right investment, and the will to succeed.
If you are reading this article, it already means that you are lucky and have been given a head start, because it means that you have an internet connection and a smartphone on which you are reading this article. This is the ‘luck’ part. Compare yourself against those who don’t have even basic access to electricity, let alone the internet or a smartphone.
Rich people were not any luckier. You are a victim of your own mindset and your lack of will to move out of your comfort zone and do something which others find difficult to even think.
Afraid of Experimenting with New Things
How do you expect your life to change if you don’t change what you do?
Change is scary because you are required to get out of your comfort zone for it, but that is where all the good things you didn’t know about yourself lie.
Don’t live the same year 75 times and call it ‘a life’!
When was the last time you did something for the first time? How often do you travel? How often do you push yourself outside of your comfort zone?
A Desire to Get Rich is Just Not Enough!
Force yourself out of your comfort zone and push yourself into new situations that make you uncomfortable or that you’re scared to face because that’s where you will learn more about who you are and who you really want to be.
Work for 40-hours per Week or Less
If you are working only 40 hours per week or less, be assured that you are probably not working enough. We have never heard of a billionaire who managed to build an empire of wealth by sticking to the 40-hours-per-week routine.
Rich people work for a minimum of 60 hours per week. Billionaires work for a minimum of 80 to 100 hours per week. EVERY WEEK! FOR YEARS!
We’ve said it once and we’ll say it again:
We all have the same number of hours in a day and a week.
Some people use those hours to become successful, others choose to waste them.
It doesn’t matter how smart you work either, there will always be many more like you. If you want better results, you’ll need to work more.
Waiting for a Miracle?
You love visiting casinos, trying your luck in gambling.
You are waiting for some big inheritance to finally start your life
You love to play in your mind what you would do with the millions you don’t have. You use the power of thinking, try to manifest the secret into your life, waiting for the universe to reward you for your thoughts, or perhaps your God to gift you the life you believe you deserve.
That’s all bullshit! Wake up, lazy bums!
The miracle is that you are alive right now! The universe, your God, or whomever you believe in, has already done their part. Now, it’s your time to do yours!
If you’re waiting for a sign, this is it! We are here to let you know that the universe wants you to get off your lazy ass and get to work!
If you’ve got some of these beliefs, you might want to take a good look at yourself and figure out who you want to be.
Malavath Purna: On 25 May 2014, Poorna scaled the highest peak of the world, Mount Everest, and became the youngest Indian (aged 13 years and 11 months) and the youngest girl in the world to have reached the summit of Mt. Everest.
What would have happened had she simply waited for some miracle to happen to suggest to her that she could scale Mount Everest, without thinking big or moving out of her comfort zone?
Weak in Basic Maths?
Making money is nothing but a continuous mathematical process of playing with numbers. This is how much you earn, per deal, per hour; out of this, you pay a portion to your suppliers and employees; out of what’s left, you pay a percentage as tax and then reinvest whatever your share of the profit is into other income-generating assets. That’s really all there is to it.
If what we just said sounds like nonsense to you, you might as well call it out right now.
This is basic math people—addition, subtraction, percentages, multiplication, and division. This is all you’re really going to need unless you plan on doing more complex work.
You need to be able to understand data, organize it, and draw conclusions from it. Otherwise, you won’t be able to accurately measure your business, and if you can’t measure it, you can’t improve it.
Know your numbers!
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