Wednesday, October 14, 2009

where is my money part 3

The first thing that will attract money into your life, if you are not inheriting so much, is your personal ability. Your skills, what you can do will determine how much you will be paid. I will divide the skills into two broad categories. Hard skills and soft skills.
Hard skill will further be divided into (i) physical strength (ii) intellectual strength.
(i) Physical strength – for example carrying load, digging, hawking etc.
(ii) Intellectual strength – accounting, engineering.

Soft skills in other hand refer to skill such as honesty, integrity, loyalty, all this can attract money into your life. Remember even a thief does not want his money to be stolen.
You must understand that:-
(i) That they are sometimes natural.
(ii) All these skills can be learnt
(iii) Sometimes it requires time to learn them.
(iv) The easier they can be learnt, the less money they attract.
(v) Remember that it is smart to start your life with the readily available skills, start from where you are. Earn money and use it to learn the difficult ones so that you can earn more money.

Though life does not end up 100% the way the story laid it out. Sometimes with deep understanding this system out laid I that story can be altered. It could be difficult, it will take extra effort. This is because human life is moulded by habits. If you are not used to winning it takes extra effort to start winning. Winning is an habit, it takes a man that understand discipline or who naturally has self control to graduate with a first class. Though there are variables, he will find it easy to learn such skills. But if you are used to winning, even if you experienced a barrier along your path your past experience at victory will motivate you to confront the barrier. “You should understand from the poor, the weak, and the financially uninformed. If you have too much debt, the world takes everything you have. Your time, your work, your home, your life, your confidence, and then take your dignity if you let them”. Robert Kiyosak

There are basically two types of people in the world.

The first set of people which constitute highest number of population believes that wealth is measured by how much money you make and how hard you spend it. They don’t have to appear poor on the outside, because they live in big houses, ride big cars, work in biggest corporation in town. Like wise they have big debts they must pay themselves. They are the prodigal sons, whose sin is that he spent all.

The second set of people understand that life is not about how much money you make, but it is about how much money you keep, how hard the money you have kept is working for you. So they are business owners, great investors. They invest in products, services which people can buy from them so they guarantee that money flows toward them. They understand that every body is their customer. They manipulate the system to attract cash flow from the other set of people. So we must understand that money flows always in the direction of the person that can take care of it.

We have just finished painting the picture of how money can flow into your pocket through either natural skills or learnt skills. I will like to emphasize that these fact does not make you a wealthy man, it is like putting fuel in your car it does not guarantee that the car will move. The sin of the prodigal son is not that he asked for his inheritance, his sin was that he spent all. What you do with the money that is flowing through you is more important than every other thing. That is what you will account for that will determine whether you will end up a victim of life and you will end up in Aso rock.

In order to build wealth, and make the kind of money you really need to gain financial freedom. You must be willing to make long term plans and avoid get rich quick strategy.

The steps you can take to move to the other side of the quadrant, where the truth will make you free.

(I) Learn from God.
God spent six days to create the world, it could have happened in a second. He started the world with just two people. Now we are over six billions. Understand this silent law, numbers experience geometric progression in short time. Six billion people compared to six thousand years. Time will multiply exponentially your effort if you learn to use it judiciously, it will not double it.
(II) You can now pick any of these potions or combine them depending on your energy/passion/hunger for wealth.

(1) Rise to the top of the corporate ladder in your field.
(2) You could decide to rise to a certain level and than launch out on your own.
(3) Start your own business using any of these potions.

(i) Build from scratch with the help of mentors, reading books.
(ii) Get an MBA from a prestigious school and get a fast track job up the corporate ladder to learn how to build systems
(iii) Buy a franchise
(iv) Network marketing.

I will be writing next on how to build self confidence.

reference: Cash flow quadrant by Robert Kiyosak, Bible

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