WEALTH MANIFESTATION

 

Why The Rich, Gets Richer

 

8. Rich People are Leaders while Poor People are Followers

Most financially successful people lead the way. Being a leader, you are in front of the actions. Because of the courage needed to be a leader, only those with strong personality become the manager

Poor people have herd mentality. They like to follow where the water flows. Instead of taking the lead, they are happy to let others do the thinking. They do not want to take responsibility over their decisions. When somebody asks for their opinion, they pass it to others so as not to take the blame for failures later on.

Rich people take the initiative. They decide for themselves and take full responsibility for their decisions. They can work independently

Rich people are leaders and leaders are rich people. This idea comes because of the independent attitude of leaders and rich people. Even if an ordinary office setting, the leaders are often responsible for the whole group. They may have bigger responsibilities but they get higher pays too.

9. Rich people focus on saving while poor people concentrate on spending.

No matter how small or big your earning is, saving is a crucial part of becoming rich. If you try to save even ten dollars a day, that means 3,650 dollars a year and 36, 500 in ten years. Well that is even less the interest you get from the bank. Even if you earn 100,000 dollars a month but you also spend the whole amount, you will never get rich until your death.

Poor people usually spend more than what they earn. They do not believe in the value of savings.

They earn 100 dollars and spend 110 dollars. In time, the excess expenditure piles up and before they know it, they are drowning in debt.

Rich people stays on a monthly and even daily budget. They spend only within their declared budget. They save a portion of their earning in the bank to earn further interest.

Poor people rely on credit cards. They cannot live without them. They dine out, shop and indulge to vacations using their plastic cards.

Rich people do not purchase with credit cards. If they do not have cash, they use debit cards. They believe in the saying, “if you cannot afford it cash, you really cannot afford it”.

Earning money is hard. Because of the difficulty earning it, think twice or even thrice before you let go of your hard-earned income.

10. Rich people have their money work hard for them while poor people work hard for their money.

Everybody works hard. The way to let your money work for you is to know where to invest it. If you know where to put your investments, then you will make your money work for you.

Poor people keep on looking for money to come along. They keep on working and working to earn. They spend beyond their means and resort to loans that accumulate interest.

Rich people know where to invest their money. Instead of the banks charging them for credit card interest, they collect the interest of their savings. They experience a restful life while their money is working for them.

In order to stop working hard for your money as poor people do, live within your means and save up. Let your money do the work and enjoy life.



To summarize  the whole episode, You cannot blame anyone born in a poor family. Maybe you can call that destiny. But to die still as poor as the rats, you blame only yourself. At an average, a man lives for 70 years. The approximately 25,550 days of your life is enough to make you rich. If you waste your days, destiny should not be the reason why you remained poor for the rest of your life.

The secret of millionaires is easy. They take each day as a new beginning to face the challenges that will help them achieve their big dreams. Complaining is a total waste of time. Instead of comparing yourself with others, they work on their own lives. They take initiative rather than mere following. They are confident of their knowledge and skills and do not fear to take the risk.
Despite the destitute situation around us, money is in abundance. You can see money everywhere. It is just at the wrong place at the wrong time. To take advantage of the prosperity, be at the right place at the right time. Act. Find the opportunities to become rich.

Where can you classify yourself? Do you possess the mentality to become rich or negativities dominate your mind? Getting rich is very simple. All you need is the right attitude, mentality and action. With these characteristics, embarking the long and winding road to wealth is only a step away. Adapt the mentality of the rich and be rich; and otherwise, stay poor with the habits and mindset of the poor.