This secrets or principles of becoming rich and wealthy will
help anyone to live a financially successful life only if one applies the
principles. But if one is serious about accumulating wealth applying these
principles is a must.
Principles of Self-discipline, Concentration, Overcoming Fear
and Doubt, Hard Work, Persistence, Team Work, Been Thankful, Visualization,
Setting Goals, Education, Positive Affirmation and Saving and Investing is
fundamental to succeeding and becoming rich and wealthy.
As you move on your journey to creating your own wealth, I
encourage you to be the best you can be strive for excellence, always believe
in yourself, NEVER I mean NEVER allow the negativity of people or your own
negativity to affect you, always have a positive attitude, always be honest in
your business activities and the floored gates of riches will be opened to you.
For anyone who wants financial success good money management
is important. This is an important secret of riches and wealth.
People who have jobs or business should try to pay themselves
first when they receive their income. At least they should pay themselves 10
percent of their income; they should pay themselves before they pay their
bills, or do anything with the money they receive.
Lets say they earn $500,000 a month, 10 percent will be:
$ 500,000 * 10/100 = $ 50,000
Realistically It might not be easy for many people to pay themselves 10
percent of their income, for some reasons. So it’s advisable that they start
by paying themselves just 5 percent of their income. This money shouldn’t be touched, for any reason until it accumulates to an
amount that they can invest.
This is vital because many people remain poor because they
don’t pay themselves first, this people spend everything they earn in addition
to loans they collect. When they are paid they start paying the debts they have
accumulated, at the end they have very little to use for the month before their
next pay. In a short time they finish the money they have and start collecting
loans again; it now becomes a never ending cycle.
BREAK THE CYCLE
To break this cycle one must pay him or herself first.
In the classic book Richest Man In Babylon written by George .s. Clason says
for cure for a lean purse .... For every ten coins thou placset within thy
purse take out for use only nine. Thy purse will start to fatten at once and
its increasing weight will feel good in the hand and bring satisfaction to thy
This is very true! If one earns $10 a day. One should pay
himself $1 before he spends the rest. This one dollar should be paid into a
savings account every day. As the days multiply the account balance will fatten.
If someone does this for 30 days, one will have $ 30, for 365 days (1 year)
will be $ 365.
Saving is the first step, one will need to invest
this money wisely so that it can multiply and continue to multiply.
Finally anybody who uses this principle of saving and
investing in addition with the other principles I have just discussed about is
sure to succeed in life.
To use this principle of saving and investing one must
control his or her expenditure, than to delay immediate gratification. It takes
self-discipline to save a percentage of what one makes on a monthly basis. It may
be difficult but it must be done, this is one of the ways Warren Buffet the
world’s richest investor became rich, if he did it so can you.
Thank you for reading this book to this point. It shows that you
really want to succeed in life and I will be committed to making you succeed.
Please join me in the general conclusion in the next page.
On your journey to success you will need encouragement, this
should come from people around you but, sad to say many people would not
encourage you, in fact they may try to discourage and pull you down. The only
way to progress is to encourage yourself with positive words. This personal
encouragement is what positive affirmation is.
Telling yourself regularly that you deserve success, that you
like yourself, that you are unstoppable or you can succeed, will help you when
everyone is discouraging you. It might be a minor detail but it is found that
the people who kill dreams are family and friends, who use their inherent
negativity to say things to you that, discourage you, even if this family and
friends struggle financially, they will still come and tell you negative things
so you can struggle financially like them and when you succeed it will be this
same people who will come and ask you for a loan. For your own financial
success don’t listen to them.
One of the secrets of wealth is to use positive affirmations,
before you start any business tell yourself that you can do it, that you can
succeed, that you are unstoppable.
Individuals who have become rich by hard work, always use
positive affirmation on their mind, they are always encouraging to themselves.
While the individuals who remain poor let the negativity of themselves and others to
hold them back.
TAKE RESPONSIBILITY FOR YOUR ACTIONS
Another way to use positive affirmation is to take
responsibility for your action. We all make choices and these choices have
consequences that we may not like. Many will instead blame others for the
mistake they themselves made; this causes them to be negative in their
thinking. You may even find them blaming their dog, their car, their
toothbrush, something or somebody else, for there problem
The only way to reverse this is for one to take
responsibility for his or her actions. If one finds him or herself blaming
anybody for mistakes or problems they should stop and tell themselves that they
are responsible. When they tell themselves that they are responsible they
become positive and start looking for solutions to the problems.
As Napoleon hill said “No man has a chance to enjoy permanent
success until he looks in the mirror for the real cause of all his mistakes”.
Pay close attention to your thoughts and the often silent
words you use on yourself. It may take you some time to stop talking to
yourself negatively and resisting the negativity of people around you, but it
is worth the effort.
Never say you can’t do anything always say you can. Don’t
ever listen to anybody who tells you that you can’t. Believe in your own faith
and not in the negativity of people. Always tell yourself that “i can
Education is an important part of becoming rich. While lack
of education is an important part of remaining poor. I’m not talking about the
kind of education people get in the university. The education people get in the
university may or may not be useful in the accumulation of wealth. In fact many
studies have shown that 80 percent of what is thought in the university is not
useful in the real world.
The kind of education I talk about is specialized education
that is specific to a particular objective. For example let’s say one wants to
be a salesman for a particular company, specialize education will include
books, audio CD’s and DVD’s on selling. If one wants to be a public speaker,
read books of other successful public speakers.
There is nothing new under the sun, there are always people
who been successful in a business you want to do. In whatever field of business
of life you choose study the experts and do what they do and you will be
THE LAW OF CAUSE AND EFFECT
If you educate yourself from the knowledge of other
successful people you will also become successful. The education is the cause
and the effect is the riches and wealth you get.
The book Rich Dad’s Guide To Investing written by Robert .T.
Kiyosaki explains it as the 3E’s
If your objective for reading this book is to be rich and
wealthy you have to be an ardent student for life, always reading and applying
what you read.
Many who graduate from the university make the mistake of
refusing to read again, this now makes them obsolete in the financial world. If
you find any rich individual you will see that he or she has a very big library
stocked with wealth creation books. This book helps the rich individual to
remain rich and to grow richer.
While the poor are too lazy mentally to read and they remain
ignorant and poor. Ignorance is another key to poverty, but the right education is vital to accumulating riches and wealth.
So start now to start accumulating a big library of wealth
creation books, attend wealth creation seminars, buy audio CD’s, DVD’s, invest
heavily in your education for life and reap the fruits of a financially free
GOALS are objectives or task that a person wants to achieve
in a limited time period. Goals are short-term and long- term . Short-term
goals are objectives a person wants to achieve in 6 months to 1 year or even
five years. Long-term goals are objectives a person wants to achieve in the
next 5 to 20 years.
In most of my books I always talk about the importance of
goals because it is the way I and other successful people achieve things. Goals
with time limits give power to the accomplishment of any objective it serve as
a forcing mechanism or an inner drive to action. Goals give purpose to the
accomplishment of anything.
HOW TO SET GOALS
So do you set goals? I thought you will never ask; to set
goals you have to first determine what is it you want, than you must set a
reasonable objective to accomplish what you want, if it is a big goal you wish
to achieve you must have to break it down into small parts and set a time limit
to accomplish these little goals. This is the most important part, resolve that
you most pay the price to accomplish your goals, than start, don’t wait for
anything just start whether you are ready or not.
This what the book the power of “Self-Discipline No Excuses”
written by Brian Tracy says about a powerful yet simple method of setting goals
called the ten goal exercise.
“ THE TEN GOAL
Take out a clean sheet of paper. At the top of the paper
write the word “GOALS” todays date. Than discipline yourself to write down ten
goals that you like to accomplish in the next twelve months. Write down
financial goals and fitness goals as well as goals for personal possessions
like a house or a car.
Don’t worry for the moment how you are going to achieve these
goals. Just write them down as quickly as you can. You can write as many as
fifteen goals if you like, but this exercise requires that you write down a
minimum of ten within three or five minutes”.
It’s very important goals are written down and placed where
it can be seen regularly; any goal that is not written down and does not have a
time limit is still a wish that may not be achieved.
I use the ten goal exercise regularly and it has helped me a
lot to accomplish many things, like writing this book for you. I encourage you
to do the same.
Do you know that people can go through the university without
learning how to set goals?
Those who have achieved financial success are intensely goal
oriented; they know how the power of goal setting affects their
accomplishments. While everyone else doesn’t set goals and even if they do it’s
never written down and it never has a time limit.
NOTE: I’m not saying that setting time limits for a goal and
writing it on paper will insure that one must accomplish the goal. Its serve as
a way to force the mind into action, Instead of procrastinating, one has to
take action to achieve the goal.
Goal setting is an important secret of becoming rich and
wealthy. Write goals on paper keep them in a place that you can see regularly,
review them morning and evening, develop plans to achieve them and resolve to
take actions to achieve the goals.
Before a house is built, a drawing of the house is made. Were
the various dimensions of the house is shown. This drawing also known as the
“blue print” of the house, it is the finished house in drawing before it is
built; it is what the architect visualizes the house to be before it is
Visualization is a secret to riches and wealth. Being able to
visualize how one’s life will be in the nearest future, to project images of
how one wants his or her life to be. Though no one can tell what will happen in
the future exactly, one can still describe and project images with feeling or
emotions of the life he or she wants to live. One must have a blue print or a
dream of the kind of life he or she wants to live.
As Stephen Covey said “begin with the end in mind”
The ability to visualize is the most unique power humans
have. The ability to see oneself as successful, confident and excellent and
rich, but to also to feel, successful, confident, excellent and rich.
HOW TO VISUALIZE
To visualize you will have to make out time from your busy
schedule to have some personal time, preferably quiet place in the morning or
in the evening or a time that suits you, close your eyes and start projecting
images of the better you, the better life you will like to live. This is
important because, the human mind has a way of controlling the outer
environment of a person. In fact your outer world is a direct reflection of
what is going on inside of you.
When one begins to visualize thoughts of success on a
continuous basis this thoughts starts to make the individual to take action to
make this dreams come through.
The rich and wealthy always have thought of riches and wealth
in mind and this manifest In their life. While the poor always have thoughts of
poverty in mind and that is why they remain poor.
You can only keep one thing in mind. So make sure the thought
you keep are thoughts of riches, wealth and happiness. Constantly visualize
yourself as rich, confident, wealthy, healthy and excellent.