Saturday, February 13, 2010

What Makes the Rich, Rich?

Rich people are those who have the ability to live the lifestyle they dream of without having to work for money or depend on somebody else for it.

Working for money is the last thing a truly rich person will think. Working for money is what makes poor people.

They let their money or their businesses do the work for them, so they can have the time to do the things they are passionate about.

If a person demonstrates being rich by flaunting expensive things such as a big nice house, a car, gadgets and other doodads (a.k.a. stuff that burns money away) but he/she is a self-employed, a small business owner or employed with high-salary, he/she is a perfect description of a middle class.

Rich people are those who work to build businesses or create assets that put money into the pocket. They don't work to have food on the table or pay the bills. They create businesses so that these business will be the one to take care of them.

They are excellent managers of money.

They don't waste their money on liabilities (take out money from the pocket) or unnecessary expenses.

Instead, they are practitioners of "delaying gratification" to create multiple sources of income.

This is why the rich do get richer. Their habits and mindsets of being good money managers and creating businesses are what makes rich persons, truly rich.

Do you think you have what it takes to become one?
Jervis is a volunteer facilitator and business coach for Create Abundance 2020 community for its free Wealth Courses and Cashflow events. 

We would love to see every Filipino take the opportunity in learning financial education as a means to impacting change in our society especially in the aspects of financial freedom and the struggle to fight poverty. 

Click the links for Wealth Course and Cashflow reservations.

1 comment:

  1. This is one of the best lesson from financial education I ever heard very well. You deserve my handshake Coach Jervis. See you soon!


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