Becoming Rich is a Personal Decision
If you listen to rich people talk about becoming rich, you'll probably realize that what they are saying is too simple. I agree that the road to great wealth is simple... but it will never be easy. And it starts with a personal decision to become one. It means you are making a commitment to prepare yourself for sacrifices, hardship, delayed gratification, and failures.
I came across this book written by Robert T. Kiyosaki, "Rich Dad Poor Dad", in a public library that I frequently visit. I usually go there to borrow DVD movies and use the free internet. I've heard of this book before but never really paid attention. So when I saw it on the shelf, I opened and read the first few pages out of curiosity. I ended up borrowing the book and taking it home with me. After reading the book, my point of view about money was changed enormously. It will not give you details and specifics on how to become rich. That's not what the book is all about. For me, it's an eye opener and an inspiration for the readers to make that decision to become financially educated at least, if not rich.
I started reading other books by Robert T. Kiyosaki like the CASHFLOW Quadrant, Prophecy, and Guide to Investing which made me more and more convinced that I had to make changes now in order to secure my future. Some of the things I realized after all the readings are the following:
1. Becoming rich or successful in life starts with a decision and requires actions. It's true what the book said that it is similar to a person trying to lose weight. You decided that you're tired of being overweight so you wanna become healthy or slim. Then you take actions by eating healthy and exercising. This also means preparing yourself for sacrifices and delayed gratification.
2. Becoming rich takes financial education... not necessarily going back to school and taking masters or PhD. There are two ways to learn in this world... one way is by theory or listening to someone teaching the subject like in a classroom and the second way is through experience. Most of you will agree in the saying that "Experience is the best teacher." So if you can do both then even better. Today learning something new is easier than ever because we are in the Information Age. All you have to do is make time to learn.
3. Be aware of your finances. If you are going to start without money then you have to cut back on expenses or live below your means, at least for the mean time until you get the ball rolling. You need to know where you stand in terms of finances. The way I do it is I have an excel spreadsheet of my financial statement in my laptop. All my income, expenses, and investments are there and I keep it updated. So if you ask me how much I've spent in a particular month of a year, I can easily answer.
4. Multiply yourself. It means multiple source of income. If you are an employee, you can only multiply yourself twice or thrice because you only have 24 hours in a day. Even if you are earning six digits annually, that doesn't guarantee you'll get rich. You may be earning a lot of money but once you stop working, it can quickly disappear. The only way to multiply yourself is through business and smart investing.
Robert Kiyosaki - Savers are Losers
So the first step is really realization. If you keep doing the same thing over and over again, you'll end up in the same place five or ten years from now. If you keep doing what ordinary people are doing, you'll end up having what ordinary people have. But once you realized that it doesn't make sense, then that's the turning point of your life. Make the decision to change and start educating yourself.