When I just started work after graduation, I have earned income to spend on the things I desired. But if I came across something that is too expensive, I would tell myself to forget it. It is outside of my budget. That is the way I was brought up. Spend within my means and forget about things that I cannot afford. These things are meant for the rich people only.
After reading a few books and attending a few seminars on wealth creation, I have realized my mistake of laziness. Instead of thinking very hard on how to earn money to buy those expensive things, I have chosen the easy way out by giving myself the excuse that I cannot afford it.
In fact, my laziness to think hard to make money is inherent in a lot of ways in my life.
Firstly, when someone tried to show me a way that I could earn money, I would turn him because I was too busy with my current employment. I felt that there is no need for me to further stretch myself to earn extra money since I was already receiving a reasonable steady income. I should relax and enjoy myself during my leisure time.
Actually, that was an excuse. The real reason was that I was not prepared to think and work hard to become rich. What I really wanted was instant wealth! I simply wanted to become rich without the need to go through the process of failures and setbacks.
But this is not possible based on my knowledge gained from reading and observations. Failures and setbacks are essential for everyone to learn from their mistakes so that they can improve and achieve success.
Secondly, if there was a proven system available for me to achieve wealth, I was still not prepared to do it. My excuse for laziness would be that I did not have a coach to guide me. I would face difficulties in learning to use the proven system. I would need someone to handheld me all the way. I could not do it by myself.
Thirdly, if there was a mentor to coach me to achieve wealth, the first question that came to my mind was does this really work? What if there is no result after putting in all my efforts? Why don't I just wait and see. Let observe someone who was doing it and see what would be his outcome. If he were successful, then I would follow him. Wait and see attitude is just another excuse for laziness.
As you can see, I could come out with all sorts of excuses for doing anything even if there were perfect conditions available. All these excuses voice down to one and only one thing, I was not ready to pay the price to become rich. I was ready to work hard for an employer but I was not ready to work hard for myself.
How did I finally realize my mistake? Well, it was due my exploration to gain instant wealth.
When someone told me that I could be rich by doing option trading, I quickly signed up for the course and hope to gain instant wealth. After studying and learning for a while, I realized that a lot of time and effort is required to truly master the necessary skills.
When someone told me that I could be wealthy by investing in real estate, I was distracted and gave up on the previous course that I was learning. I would then signed up for the new course and hope to gain instant wealth.
I had tried a lot of things but only to give up when I found that I needed to put in a lot of hard work to master the skills. I was looking for a way to gain instant wealth. In the end, I was forced to face the reality that there is no quick way but hard work.
Hard work is required mentally, emotionally and physically. If I want to become right, I need to think of ways and means to learn and accumulate wealth. This is mental hard work. Each time I face a failure or setback, I need to deal my emotions so that I do not give up. This is emotional hard work. I need to spend time and effort to carry out the actual actions to learn and accumulate wealth. This is physical hard work.
Without hard work, there will be no failures and setbacks. Without failures and setbacks, I will not be able to learn from my mistakes so that I can achieve success one day. With this new understanding, I am no longer afraid to work hard for myself.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Showing posts with label Creating. Show all posts
Showing posts with label Creating. Show all posts
Friday, June 12, 2009
Creating Wealth!
Creating wealth is a way to gain financial freedom quickly. Based on my understanding of the Rich Dad's series by Robert Kiyosaki, the rich people create wealth. For example, the rich people start a company and get it listed on the stock exchange. The shares of a start up company are not really valuable. But the company manages to be listed in the stock exchange, the value of the shares suddenly shot up.
Another way to create wealth is writing options. I can write contracts to sell or buy shares at a particular price that is valid for a period of time and sell the contracts for money. In that sense, I am creating money out of a contract.
But exactly what is involved in the process of creating wealth? So far I only know that I can create wealth by starting a company and getting it listed because I read about it. If I do not understand the concept of creating wealth, then there is no way I can be creative to find other ways to create wealth.
Thus, I decide to find out more about wealth creation. After a while, I finally manage to gain a little understanding in wealth creation. That is after I have attended a course on mind training. This course is supposed to help me to understand how my mind works so that I can be more in harmony with myself and relate better to other people.
To explain what I have understood so far, there is a need to understand what is money. Money is usually in a form of notes or coins. But have you ever wonder what is money? To a baby, a $1000 notes is just a simply a piece of paper to play with. He does not attach any value to it. Also, a coin is simply a piece of metal alloy toy. He does not have the concept of money at all.
Since I was once a baby, how come now I see these specially printed notes and coins as money and not just as papers and metal alloys? Apparently somewhere along my life, my perception of the specially printed notes and coins has changed. I have attached value to these printed notes and coins.
Changing my perception alone is not enough to make the specially printed notes and coins valuable as money. Other people must perceive the same set of specially printed notes and coins as money as well. For example, I can design and print my own notes and coins. I can treat these notes and coins as money. But if other people do not see them as money, then I will not be able to use my own notes and coins as money.
The situation changes if other people perceive the notes and coins designed by me as money. The notes and coins that are specially designed by me are now valuable. In that sense, I have created wealth from nothing.
That also explains why counterfeit money works. Counterfeit notes and coins essentially are just papers and metal alloys. But these fake notes and coins are designed in such a way that they resemble real notes and coins. Thus, people are misled to perceive the counterfeit money as real money.
Please note that I am not asking you to counterfeit money or commit any crimes here. Personally, I am against criminal activities. What I am trying to point out here is that the key to wealth creation is the ability to change the perceptions of other people.
For example, why does people buy lottery tickets? A lottery ticket essentially is just a piece of paper with a unique number printed. A piece of paper with a unique number printed is essentially a worthless piece of paper as perceived by people. How to create wealth from this piece of worthless paper? It just needs an idea to change people perception. In this case, by packaging and selling it as a chance to win a large sum of money, people perceive it as something valuable and thus willing to spend money to buy it.
In conclusion, I can create wealth from ideas, papers or anything as long as I change the perception of other people. To change the perception of other people, I will require selling skills to sell people the idea that it is valuable. Thus, Robert Kiyosaki highlights selling skills as an essential skill to achieve great wealth in the Rich Dad's series. Like it or not, I will have to take the first step to learn how to sell so as to achieve financial freedom.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
Another way to create wealth is writing options. I can write contracts to sell or buy shares at a particular price that is valid for a period of time and sell the contracts for money. In that sense, I am creating money out of a contract.
But exactly what is involved in the process of creating wealth? So far I only know that I can create wealth by starting a company and getting it listed because I read about it. If I do not understand the concept of creating wealth, then there is no way I can be creative to find other ways to create wealth.
Thus, I decide to find out more about wealth creation. After a while, I finally manage to gain a little understanding in wealth creation. That is after I have attended a course on mind training. This course is supposed to help me to understand how my mind works so that I can be more in harmony with myself and relate better to other people.
To explain what I have understood so far, there is a need to understand what is money. Money is usually in a form of notes or coins. But have you ever wonder what is money? To a baby, a $1000 notes is just a simply a piece of paper to play with. He does not attach any value to it. Also, a coin is simply a piece of metal alloy toy. He does not have the concept of money at all.
Since I was once a baby, how come now I see these specially printed notes and coins as money and not just as papers and metal alloys? Apparently somewhere along my life, my perception of the specially printed notes and coins has changed. I have attached value to these printed notes and coins.
Changing my perception alone is not enough to make the specially printed notes and coins valuable as money. Other people must perceive the same set of specially printed notes and coins as money as well. For example, I can design and print my own notes and coins. I can treat these notes and coins as money. But if other people do not see them as money, then I will not be able to use my own notes and coins as money.
The situation changes if other people perceive the notes and coins designed by me as money. The notes and coins that are specially designed by me are now valuable. In that sense, I have created wealth from nothing.
That also explains why counterfeit money works. Counterfeit notes and coins essentially are just papers and metal alloys. But these fake notes and coins are designed in such a way that they resemble real notes and coins. Thus, people are misled to perceive the counterfeit money as real money.
Please note that I am not asking you to counterfeit money or commit any crimes here. Personally, I am against criminal activities. What I am trying to point out here is that the key to wealth creation is the ability to change the perceptions of other people.
For example, why does people buy lottery tickets? A lottery ticket essentially is just a piece of paper with a unique number printed. A piece of paper with a unique number printed is essentially a worthless piece of paper as perceived by people. How to create wealth from this piece of worthless paper? It just needs an idea to change people perception. In this case, by packaging and selling it as a chance to win a large sum of money, people perceive it as something valuable and thus willing to spend money to buy it.
In conclusion, I can create wealth from ideas, papers or anything as long as I change the perception of other people. To change the perception of other people, I will require selling skills to sell people the idea that it is valuable. Thus, Robert Kiyosaki highlights selling skills as an essential skill to achieve great wealth in the Rich Dad's series. Like it or not, I will have to take the first step to learn how to sell so as to achieve financial freedom.
* DISCLAIMER *
The author, publisher and distributors particularly disclaim any liability, loss, or risk taken by individuals who directly or indirectly act on the information contained herein. All readers must accept full responsibility for their use of this material.
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