Introduction To Business And Investment – Part 14
How To Have A health Relationship With Wealth And Money
If you have to be physically involved for you to make money, you are a laborer. it does not really matter what you are doing or the business you run. if you are trading time for money, then you are laboring. The focus should be on you to create a system that enables you to leverage on other people’s time and money.
Money has become an important part of modern life. For most of us, it’s what ultimately keeps the lights on, food on the table and a roof over our head. Do you have a healthy relationship with money and wealth? Or do you feel burdened by them, as if you’re struggling to make ends meet? Unfortunately, many struggle to do so – especially those who are less established financially or don’t know how to handle their income responsibly. We all have our own unique experiences with money that shape the way we interact with it. While some of us may have grown up believing that having wealth is wrong or bad, others may associate far more positive feelings with amassing financial resources. Regardless of your past experience, understanding how to build a successful connection with wealth can be key to finding greater happiness and satisfaction in life. Today, let’s look at practical tips to cultivate optimism around your personal finances while developing a smart plan for building lasting security through wealth diversification strategies.
Money plays an integral role in our lives and can either be leveraged as a pathway to wealth or unfortunately act as an anchor of deep poverty. The poor often lack the know-how to increase their wealth and make long-term investments, instead opting to spend what they have quickly. Regrettably, many are also consumed by negative thoughts about what society will think if they venture out of conventional ways of making money. Taking proactive steps into starting a business or making intelligent investments may seem intimidating at first, yet these efforts tend to be good catalysts in leading toward wealth building and eventually lifting one out of poverty.
The fundamental difference between the wealthy and the poor is that
- the wealthy invest before they spend on solving problems
- The poor solve problems first, hoping that some will be left for them to invest with.
The depths of poverty in which many people find themselves in can be largely triggered by an unhealthy obsession with wealth. It is all too often that those who are in a state of prolonged poverty fail to leverage the wealth they do have and instead choose to spend it impulsively due to their lack of business or investment acumen. In many cases, the idea of engaging in investment activities carries with it negative societal connotations that prevent individuals from investing wisely, leading them further into poverty. While wealth might be fleeting, poor decision making on wealth will ensure that the cycle of poverty continues for far too long. To truly escape poverty, it is essential for individuals not just to acquire wealth but know how best to utilize this wealth for wealth multiplication purposes.
You need to be wealthy in your mind before it manifests physically. This is not easy, and that is why many people shy away from it. But of course that is why you need a mentor to help you scale through. If you need help in applying these principles please talk to us. We would be more than happy to assist you on your journey to financial freedom!
