Do you want to be wealthy?
If I gave you a million pounds what would you do with it?
Spend it. If this is your course of action you would soon be back where you were but worse off having tasted a different life and now resent it
Invest it. This would give you a lower level of passive income, as long as you review the investments then you will be able to enjoy the proceeds for a very long time. Rich people make money work for them: poor people work for money.
Refuse it. This is the answer is from someone who has a perspective of gratitude and realises that they are wealthier than most of the population of the earth.
Shown above are three different attitudes to being handed wealth, the first is where you are able to taste life on the other side briefly and then you are back where you started, with just memories of a rich life. The second is to some more boring but will allow a greater freedom for the rest of your life. The third is you are wealthier than most at the moment and are happy with your life.
So being wealthy is mainly about an attitude.
If you have the right attitude can you be wealthy?
How many times have you heard the phrase “we can’t afford that!” or “you will never be rich”, these phrases will over time condition your brain into forcing yourself to never be rich or never being able to afford what you really want. These thoughts will block wealth.
What you want to do is to make the decision to be rich. If you make this decision and believe it, your subconscious will help you overcome any obstacles to achieving your goal.
Write down what your life will be like when you are rich, don’t forget that you will be able to help others. Read this twice a day to program your subconscious to come up with solutions.
You need to make a plan of how you are going to help yourself become wealthy. You may need to stop spending, save and invest in the future. You need to take being wealthy from being accidental to being by design.
You need to look around for opportunities, this one is the hardest one I found, as once you are in a job then you are in a ‘safe’ position. You need to challenge your comfort zone and mix with people who are in a position you would like to be in. You need to act in spite of the fear you feel, wealthy people feel the fear but act on it – that’s the only difference between ‘ them and us’. You need to get rid of the attitude of ‘us and them’ as you will be one of them.
Don’t focus on the money – focus instead on helping people and solving problems they have and the money will come. This is the soul of a lot of successful businesses, they are able to solve a problem you have and you both go away happy. You with goods them with money.
You need to be aware you don’t know it all and be ready to keep learning, this way you will grow and develop new skills.
So being wealthy really is all about attitude
You need to develop the attitude of I will be rich, visualising the life you will have when you are rich. You need to find out how you can solve others problems. You need to change your attitude from survival to prosperity. You need to change from security to opportunity and you need to change from spending to saving.
Please leave any feedback in the form below, all will be responded to. I look forward to our journey together!
Thanks for this, you are so right in talking about how our mind can easily be conditioned to keep us moving in that same direction. A healthy mindset is so important. I have had a very good taste of living day by day, trying to get food on the table, working long hours but never really been able to afford anymore than the norm. Then I had a taste of money when I inherited a block of land and then sold it!!! The property was not even for sale but the offer was so good I just went with it. I wanted to make that grow rather than live it up until the money was gone so I decided to invest the money into a great unit on the Gold Coast, Australia. I am so happy we decided to do this, now that money will grow 🙂
Hi Justine, thanks for the comment.
As you say a healthy mindset is important. You did well to resist the temptation to spend all the money after the sale and invest it. It will serve you and your family into the future, rather than for a short time now. The inheritance continues rather than stops with you.
Great article Phil, and you touch on several key points that people who don’t live a life of abundance right now need to focus on it. Rich people look at money differently than the poor or the working class. Part of that is a feeling of entitlement and self-worth. They feel they deserve to be rich and they’re right.
If you want to be rich, do what the rich people do. If you want to just get by, well you already know how to do that. The first question I like to ask somebody to test their attitude about money and self-worth is, “Is it easier to earn $10K a month or $10K a year?”
You might think that it’s a trick question, but it isn’t. If you answered $10K a year, you’ve failed. Please understand that in your life you will make exactly what you think you’re worth.
Hi Phil,
As you say a lot of being rich is attitiude. Although it is very difficult to get out of an attitude of ‘gettng by’ if you have been ‘conditioned’ by living it for a long time, with the right techniques you can change your mindset to one of being rich.
Thanks for stopping by.