What is the Secret Behind the “Money Mindset”?
We are a part of this
rat race and its not just our generation this has been the way of life since
decades.
You grow up seeing
your dad struggling to earn money, going out everyday to make money & once
he is back home you get to listen to stories about how he doesn't get paid well
for the amount of work he does, how his salary is not paid on time and a lot
more.
If your dad is a
businessman you must have heard of struggles regarding bringing in business.
We grow up to go
through the same struggle. Some of us are able to accomplish our dreams at the
age we want whereas, some of us or most of us keep working hard for our dreams
and the dreams of our families and die without getting any of those dreams
accomplished.
The main and the most
common issue is
Liabilities >
Assets & Income
So what is that
differentiates Us from people who slow and steady win the race?
How are they able to
accomplish their dreams?
When they were one of
our batch-mates in university. They had the exact same issues as us. What makes
them more successful in terms of their earnings and net worth?
These are some of the
aspects a Rich and Successful Person will Never Tell you especially Number 2
(FINANCIAL LITERACY)
1) Mentality
We grow up listening
to these phrases that I have mentioned below.
" Study hard to
get a job"
"OUR HOUSE AND
CAR ARE OUR ASSETS"
I agree you need to
study well but, studying is not the only requirement that will help you earn
money. You do need a job to start working towards your dreams but, it is a
milestone NOT THE FINAL DESTINATION.
Today so many toppers of
different universities are Jobless why? Because of their mentality. They have
done Masters and PHD from the best universities but, the issue is with the
mentality. STRESS & COMPETITION are a part of that Mentality.
2) Understanding of
Money (Financial Literacy)
What is Financial
Literacy? This is about how you see money. If your dreams are dependent on
making money then you are doing something wrong.
It is one of the main
resources to help you accomplish your dreams but, ITS NOT THE ONLY aspect of
it.
3) Perseverance with
Ease
Keep working towards
your dream but, dont be too hard on yourself.
4) Reach A
point where Money works for you instead of you working for Money
I have read stories of
these great businessmen who own empire of businesses and their accomplishment
is not only that their net worth is huge but, it is also because now people
work for them while they can stay and chill at home.
So you need to start
with hardwork initially but, later you need to reach a point where your money
works for you.
5) Know how to retain
and grow
Many people were able
to build empire of money but, soon lost it since their mentality towards Money
didnt help them prioritize how to spend the money.
I am not an expert
but, I have been able to write this blog down after talking to a couple of
experienced businessmen.
Also I would highly
recommend each one of you to read books on Financial Stability, Financial
Growth and how to change your mentality about Money.
Email me @ makwritesblogs@gmail.com your suggestions
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