Many studies and books have been written on why and how people become wealthy. The Millionaire Next Door is one of them.
Surveys have been conducted on people in upmarket neighbourhoods. And what do they find?
Many surveys revealed that many people who live in expensive homes and drive luxury cars do not have much wealth. Paradoxically, many wealthy people do not live in luxury homes or drive expensive cars.
The reason is simple: wealth is not the same as income.
If you make a good income and spend it, you are not getting wealthier; you are just living high. Wealth is what you accumulate, not spend. It is seldom luck, inheritance, or being well-qualified that assists you in acquiring wealth.
Most of those without money tend to remain that way because human beings are creatures of habit, and those at the lower end of the economic scale have habits that result in their lack of financial success.
That is why it is important to remember what John Cena has engraved on one side of a watch – Comparison is the thief of joy.
You can break patterns by setting up a momentum of good, productive habits. Financial success requires planning, effort, self-discipline, and one other factor—being opportunity-conscious. That is, being constantly on the lookout for that opportunity that will change your finances and your life.
To set a new comparison habit and mindset, ask yourself, “Why am I not financially successful? I need to take stock of what I have done in this area in the past, where I went wrong and what action I am going to take to correct my situation.
I need to pursue with great vigour opportunities that present themselves in the market place. There will be more wealth in this country than ever before. Therefore, I must take the time and make the effort and be disciplined to follow things through. Also to have faith in what I’m doing and keep the momentum going.”
Write down your thoughts and date them.
Now, write this down and carry it on a piece of paper with you. Pull it out every day for the next 30 days and read it. After 30 days, pause and ask yourself the question again. Write down your thoughts. Now compare them to the ones you wrote down 30 days before. Did anything change? Let me know if it did.
