3 Things Wealthy People Know That You Don’t
Have you ever wondered why the rich keep getting richer generation after generation? The main reason behind this is that they probably have some information that other people don’t. They say that 0.0001% of the world’s population controls 99% of the world’s wealth. Apparently if all that wealth were distributed equally amongst every living person, within 15 years it will have filtered back to the 0.0001%.
So what is it about the small percentage that makes them very special? Let us look at 3 things wealthy people know that keep them accumulating more wealth:
1. You do not need money to make money
If you have ever been told that you need money to make money, then chances are you are going to wait around forever to earn enough money to get started. Most self-made millionaires have some kind of a rags-to-riches story, while so many people who win the lottery end up losing everything.
To make money, you need ideas and the discipline to turn your ideas into outer wealth. Money itself isn’t wealth but is just the by-product of it. That is why you need to be wealthy on the inside before it can manifest on the outside.
2. Focus on increasing your net worth not your salary
Increasing your net worth should be your number one priority if you are to accumulate wealth. This is one area where employees and self-made millionaires are on different sides of the same coin. To most employees, a bigger paycheck is usually the main focus and as a result, they will move from job to job based on the pay alone. What they do with their salary is a different story altogether so they end up living form paycheck-to-paycheck. Self made millionaires focus on building their net worth.
Look for ways to increase your net worth and you will very likely become wealthy. This is because what you focus on expands. It’s what you don’t spend, not what you earn that makes a difference.
3. Find out what you love to do and you will be successful at it
When you don’t know what to do with your life, it’s difficult sometimes to make even the most insignificant day-to-day decisions because they don’t seem part of a greater plan that gives meaning to your thoughts and actions. If you do something purely with the intention of making money, you may be in for a disappointment.
Keep a written list of things and ideas that you would like to implement and refer to it often. Focus on the positive aspects of your life because the more you focus on the positive in life, the more positive things will come your way. You have to align the desire to succeed with the faith that you will succeed.
Feed your mind constantly with new information, images and ideas of the person you want to be and the life you want to live. By creating this inner attitude of your mind, you change the outer aspects of your reality.
Mr. Glenford S. Robinson is the Chief Executive Officer and Founder of Mstardom Finance. He is the editor-in-chief of News and Magazine article publishing. Mr. Robinson is also the lead developer of the Mstardom Finance Platform at Mstardom.com. He is passionate about quantitative finance and technologies associated with that discipline, such as python-based algorithmic programing. Mr. Robinson is also a Clinical Laboratory Scientist currently practicing laboratory medicine. When Mr. Robinson is not practicing laboratory medicine, writing articles, or studying finance, he is creating mathematical and statistical modules, using quantitative approaches to identify trading opportunities in the Forex and Stock Market.