I'd like to share with you the book that I recently read, "Secrets of the Millionaire Mind" by T Harv Eker. He mentioned about 17 wealth files on why the rich become richer and the poor become poorer...and that is because they have different mindset.
Here are my top 3 wealth files:
1. RICH PEOPLE BELIEVE "I CREATE MY LIFE"
POOR PEOPLE BELIEVE "LIFE HAPPENS TO ME"
If you believe that you create your life instead of thinking that what is happening to you is your destiny, then, you create choices, you become in-charge of your life and you take the path that you want to take. You refuse the thought that you can't do anything with a given situation but rather, you make a way on how to turn your miseries into opportunities. Once you believe that life is a choice rather than fate, then, it is impossible that you can't be what you want to be, do what you want to do and have what you want to have.
2. RICH PEOPLE HAVE THEIR MONEY WORK HARD FOR THEM
POOR PEOPLE WORK HARD FOR THEIR MONEY
Hard work is a necessary ingredient to succeed in life but it is not everything. Working smart combined with your hard work will make you a run away winner in life. I've learned one powerful concept about money working hard for you instead of you working hard for your money from my affiliate group "IMG"(International Marketing Group)**. Do you know that if you invest P 100,000.00 in an investment vehicle earning about 12% compounded annually just like mutual funds, after 36 years, your money can become P 6.4 millions! However, with the same investible fund of P 100,000.00 invested in a time deposit, after 36 years, your money will ONLY be P 400,000. Imagine losing P 6 million pesos just because you didn't know how your money can really work hard for you! Assuming that you are earning P 20,000 monthly, that means you shall be working hard for another 25 years of your life to amass that P 6 million additional money and mind you, that is without spending even a single peso ( to compute for the 25 years - P6M / P240K annually(P20K/mo x 12mos) ). Shocking isn't it? but that is how expensive not knowing how hard your money can work for you.
** If you want to attend a free Money Management seminar at IMG, send me an email to firstname.lastname@example.org and I'll be happy to assist you.
3. RICH PEOPLE CONSTANTLY LEARN AND GROW
Sharpen the saw, that is what the rich people always do. They are advocate of continuous learning and growing. They are not contented with what they know, they always make sure that they are updated and always in the loop. They always improve themselves to get even better. I quote from Benjamin Franklin saying " If you think education is expensive, try ignorance". Steve Job said "Stay foolish, stay hungry" and I SAY "If you cease to learn, you cease to live" :D