Understand the stock market

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Wealth mantras#5 Rich people focus on opportunities. Poor people focus on obstacles.

Rich people see opportunities. Poor people see obstacles. Rich people see potential growth. Poor people see potential loss. Rich people focus on the rewards. Poor focus on risks.

Middle-class people are slightly more optimistic. Their mind set is “I sure hope this works.”

Rich people, as we’ve said earlier, take responsibility for the result in their lives and upon the mind-set “It will work because I’II make it work.”

Generally speaking, the higher the reward, the higher the risk. They are willing to take risk. They believe that, if worse comes to worst, they can always make their money back.

Poor people, on the other hand, expect to fail. They lack confidence in themselves and in their abilities. And because they constantly see obstacles, they are usually unwilling to take risk. No risk, no reward.

Another key principle, pertinent here, is that rich people focus on what they want, while poor people focus on what they don’t want. Again, the universal law states, “What you focus on expands.”

It’s simple. Your field of focus determines what you find in life. Focus on opportunities and that’s what you find.  Focus on obstacles and that’s what you find. I’m not saying that you don’t take care of problems. Of course, handle problems as they arise, in the present. But keep your eye on your goal, keep moving towards your target. Put your time and energy into creating what you want.  

Do you want some simple but extremely rare advice? Here it is: if you want to get rich, focus on making, keeping, and investing your money. If you want to be poor, focus on spending your money. You can read a thousand books and take a hundred courses on success, but it all boils down to that. Remember, what you focus on expands.

Good luck and stay connected for my next blog on wealth file.

Wealth mantras # Rich people admire other rich and successful people. Poor people resent rich and successful people.

Wealth mantras #4 Rich people think big. Poor people think small.

Wealth mantras #4 Rich people think big. Poor people think small.

The law of Income:

You will be paid in direct proportion to the value you deliver according to the marketplace.

The key word is value. It’s important to know that four factors determine your value in the marketplace; supply, demand, quality & quantity. In my experience, the factor that present the biggest challenge for most people is the quantity. The quantity factor simply means, how much of your value do you actually deliver to the marketplace?

Another way of stating this is, how many people do you actually serve or affect?

How do you want to live your life? How do you want to play the game? Do you want to play in the big leagues or in the little leagues, in the majors or the minors? Are you going to play big or play small? It’s your choice.

Most people choose to play small. Why? Because of fear. They’re scared to death of failure and they’re even more frightened of success. They don’t feel they’re good enough or important enough to make a real difference in people’s lives.

But hear this: your life is not just about you. It’s also about contributing to others. It’s about living true to your mission and reason for being here on this earth at this time. It’s about adding your piece of the puzzle to the world. Most people are so stuck in their egos that everything revolves around me, me, and more me. But if you want to be rich in the truest sense of the world, it can’t only be about you. It has to include adding value to other people’s lives. 

Do you know the definition of an entrepreneur? The definition we use in our programs is “a person who solves problems for people at a profit.” That’s right, an entrepreneur is nothing more than a “problem solver”.

So I ask you, would you rather solve problems for more people or fewer people? If you replied more, then you need to start thinking bigger and decide to help massive numbers of people – thousands, even millions. The by – product is that the more people you help, the “richer” you become, mentally, emotionally, spiritually, & definitely financially.

What I have witnessed is too many people not doing their job, not fulfilling their duty, or dharma as it’s called in Sanskrit. I watch too many people playing far too small, and too many people allowing their fear – based ego selves to rule them. The result is that too many of us are not living up to our full potential, in terms of both our own lives and our contribution to others.

It comes down to this: if not you, then who?

Again, everyone has his or her unique purpose. Maybe you’re a real estate investor and buy properties to rent them out and make money on cash flow and appreciation. What’s your mission? How do you help? There’s a good chance you add value to your community by helping families find affordable housing they may not otherwise be able to find. Now the question is how many families and people can you assist? Are you willing to help ten instead of one, twenty instead of ten, one hundred instead of twenty? This is what I mean by playing big. 

The world doesn’t need more people playing small. It’s time to stop hiding out and start stepping out. It’s time to stop needing and start leading. It’s time to start sharing your gifts instead of hoarding them or pretending they don’t exist. It’s time you started playing the game of life in a “big” way. 

In the end, small thinking and small action lead to being both broke and unfulfilled. Big thinking & big action lead to having both money and meaning. The choice is yours!  

"It’s Your Life, it’s Your Choice, Become Money Wise"

Wealth mantras#5 Rich people focus on opportunities. Poor people focus on obstacles.