Snake's money workshop

[Multi-Billionaire]

In this thread I will hold topics about money. I am here to share what I know and learn as well. It's said that you learn more by sharing what you know. Besides, I know there must be someone or two here I can learn from about this topic.

 

If you have disagreements, voice them, we discuss here... possibly to reach an answer... but more so to understand different people have different points of view and to have the unique opportunity see it from "their world".

 

 

---

 

 

1.) Introduction

 

Some people have their jobs because they genuinely LOVE their jobs/ profession. In other words, the main reason they work is because of their passion for their job, and that is admirable... in fact, if you have a passion in what you do, that's when you rapidly reach success (financially or others). Before they know it, they get promoted from employee to manager to president of company... because they are in their jobs with a burning passion and they bring the energy every day to work. They do NOT work for money. They may be aware they get paid as they go along, but the importance of the passion for their job far outweighs the money compensation they get from it.

 

People who work for the sole purpose of money and the love of it will not have their flame of energy and passion last long and eventually the load of work will start becoming a burden.

 

Most of you here are in their teens or early 20s just beginning to go to workforce and get their first jobs. I am in no way discouraging you to do this... in fact, I highly encourage you to get that first job... whether they be a McDonald's counter, pizza delivery, paperboy, janitor, or accountant, secretary, etc. Before you learn how to make money work for you, you will first have to learn how to work for it first. Before you can lead (and build a business of employees), you must learn how to follow (and learn how a business is built).

 

But there's also some who work because they have no choice and they have bills to pay and other obligations such as taking care of their family members and they're just happy with the way things are, and that's perfectly fine as long as they're truly happy and aware with their choice of exchanging freedom for money. But there are so many people in this position wonder why they never become rich.

 

If you're not willing to exchange your freedom for money though, then you have to start thinking like rich people: freedom is EVERYthing (NOT money!).

 

I will also refer to people who have achieved "Financial Independence" (discussed #3 How to get out of the Rat Race) as "rich people"... shorter.

 

 

2.) Security vs. Freedom

 

Ever since we were kids, we're told by our parents to "get good grades, graduate, and then get a high paying job with benefits and security. The problem is they're telling their children to basically advocate their TIME/ lives in exchange for money, no matter if they're used to pay bills, to take care of their important ones, to bring foods to the table, or for wrong reasons such as illegal drugs, alcohol, etc. Billions of people wake up every morning (or night) going to work when they don't want to or don't feel like it. When this happens, they're essentially trading their freedom for money. This is equivalent to a prisoner who gets locked up in high security but he's locked up and is not free to enjoy life to the fullest... they're safe from rain, storm, weathers and outsidendangers from other criminals but they wake up every day in a small cell having their freedom taken away from them.

 

This is why people with a lot of money (aka "rich" people) advocate freedom. They will never work for other people or money. They will find a way to make money work for them, so they will never ever have to work and spend the most valuable asset of all: TIME. To them time is more valuable than money. They wake up when they want to, they do whatever they want to anytime, anywhere. While working people force themselves to wake up and get into a packed train/ bus to go to work, the rich are enjoying their breakfast. One thing that does not change when they sleep, work, play, vacation... is that: money keeps flowing with or without them working. That's the power of money working for you, even when you're not working, you're still making money.

 

The problem with people who work for money is, when they stop working, the money also stops... and they have no choice but to keep working and keep trading their TIME for money... essentially enslaving themselves for life (or until they retire) for money. This is called the "rat race". No matter if you're blue, white collars in high-end suits or just in a t-shirt as a janitor, no matter if your income is $20,000 or $100,000 a year, if you work for money, you're in the Rat Race. Their incomes stop when they stop working... to ensure the income keeps flowing, they have to keep working.

 

 

 

3.) How to get out of the Rat Race

 

The ONLY way to get out of the Rat Race is to achieve Financial Independence/ Freedom. Financial Independence happens when your monthly (or yearly) Portfolio and Passive incomes combined are greater than/ exceed (>) your monthly (or yearly) expense.

 

 

Three types of income:

- "Portfolio income" is what you get from assets such as businesses or also called profits.

- "Passive income" is what you get from assets such as properties (rent) or copyrights such as books, songs, etc.

 

- "Earned income" is what you get from working as an employee.

 

 

It's clear that Portfolio and Passive incomes are distinctly different from Earned income. The difference is: you have to keep working to produce Earned income and if you stop it also stops. On the other hand, Portfolio and Passive incomes are derived from your assets and therefore they work and generate the income for you, even when you sleep. It's obvious if you want freedom/ financial freedom, you will have to start seeking Portfolio and Passive incomes... and not Earned income as an employee. In order to start realizing incomes from these, you must have ASSETS that produce them.

 

Once your monthly Portfolio and Passive incomes combined (you may only have Portfolio or Passive income, not both, and that is OK) exceed your monthly expense, you're financially independent/ free, meaning you can stop working.

 

 

 

4.) Assets

 

While people who work for money focus on the "Income" column, the rich people focus on the "Asset" column. They find ways to keep building their assets.

 

An asset is something that continuously gives you income or cashflow. after the break-even point, the income generated from that asset is considered passive income and cashflow.

 

E.g. Tony buys a boat for $10,000 and rents it for 1,200 monthly. The cost of maintenance is $200 monthly. So overall, Tony gets a net income of $1,000 monthly from the boat. If the boat continues to make the $1,000 net income for him consistently, that means it will take 10 months for Tony to reach break-even point ($10,000 for the cost he paid for the boat). The 11th month marks his first official profit ($1,000) from the boat/ asset... and from the 11th month on, Tony's boat has truly become an asset that throws off cashflow of $1,000 every month. So you can imagine, if he has 10 boats, he will rack in $10,000 every month... with him probably just working small work at the counter. If he chooses to do something else, he can hire someone to do the job for $1,000 a month... and that means even if he sleeps without doing a single work for one whole month, he still gets an income of $9,000 a month because he has an employee that runs the boat business for him, even when he sleeps or doing something else. This is the power of leverage. The smart way is, of course, to spend that time building other assets than just sleeping.

 

 

 

5.) Leverage

 

This is everything for rich people. They use them in any endeavor they undertake, and without which they simply can't be successful.

 

There are three types of leverage:

- Other people's money

- Other people's time

- Other people's resources or talent

 

 

In the above example, once Tony hires an employee to watch over his boat business, he is using his employee's time as his leverage (Other people's time). True, Tony has to pay $1,000 to the employee, and if he takes charge of the business himself, he saves $1,000 every month. But consider the return, that he is FREE to do something else. Remember that FREEDOM is what rich people seek. Consider that if he's free to do something else, he can possibly build a second business e.g. liquor store that in time produces another $10,000 to his pocket every month... combining with the boat business, he gets $19,000 every month. If he had to watch over the boat business himself, true, he saves the $1,000 every month in the employee wage, but that monthly saving of $1,000 is not comparable to the potential of building another business that produces a monthly income of $10,000... which means the likelihood of building the liquor store is slim to none (if he had to watch over his boat business by himself). In this case, Tony pays his employee $1,000 every month to watch over his boat business and in return he gets the FREEDOM and TIME to build his second business, a liquor store that produces another income of $10,000 every month... essentially he is trading the $1,000 he pays to the employee for $10,000 he gets from the second business he builds from the free time the employee gives him.

 

If you're a working employee, you're right now in the shoes of Tony's employee (Tony is your boss). And if you're wondering that Tony must be generous and have lots of money to pay you $1,000 a month just to watch over the counter and do small work, remember for every penny your boss pays you, you generate about 10-100-1000 times as much FOR him. That's leverage of "Other people's time" working for Tony, and a powerful one at that. That's why the more employees you have the richer you are... as long as they're effective hiring.

 

 

Working people/ employees unfortunately do NOT possess any type of leverage working for them. In fact, the only leverage associated with them is the ones their boss have working against them. If they come late to work, poorly perform, they get fired, income stops.

 

Example of "Other people's money" is if you borrow money from a bank to invest in a business or real estate.

 

Example of "Other people's resources" is if you hire a specialist to get a task done in your business.

 

 

 

 

 

 

I will post more... thanks if you give your time to read, give opinions, etc.

Edited September 5, 2010 by Snake

[YugoRocketsFan]

Im gonna sum up the thread: People who love money are retards with no feelings.

[Multi-Billionaire]

^Kind of discussed below #7

 

 

6.) "I'd rather be happy than rich" myth

This makes no sense whatsoever. As if being rich/ getting rich actually gets in the way of your happiness?!

 

True story, Donald Trump was once Billions (that's a "B" not "M") in debt in early 1990s, essentially making any homeless man billions of dollars better off than him. Robert Kiyosaki once lived in a car with his wife for months. Trump has since rebounded and become much more successful with about 5-6 billions of fortune... Kiyosaki and his wife are now worth hundreds of millions. The point here is both Trump and Kiyosaki have tasted and experienced first hand what it's like to be POOR and to be RICH.

 

Both men said (in different books) that in both situations (POOR and RICH), they have been happy and unhappy. But both say that when they were POOR and unhappy, they were much much unhappier than when they are RICH and unhappy. I think this puts things in perspective.

 

 

 

7.) "Money is the root of all evil" myth

 

We've heard plenty of "money is the root of all evil" and therefore people believe trying to get rich is evil. But money by itself is NOT evil. We've seen what money can do to help people in need around the world. People misuse the sentence from the Bible that should be: "THE LOVE of money is the root of all evil". It's THE LOVE of money (and not the money!) that makes people be clingy to their money, constantly worry that someone will take it away from them, hide it, fear, lie, fight their own, and commit crime for the sake of money. They're all based on the emotion of fear and greed, 2 major negative emotions. This is when the love of money is the root of all evil. These people are strongly attached emotionally to money. If money is at stake, they cannot make the best decisions because they constantly worry about the bottom line and their decision-making is severely affected. Rich people have a lot of money, but true rich people are not attached emotionally to their money/ materials. When you're no longer emotionally attached to money, you can make the best decisions even when money is at stake. That is why true rich people make the best business decisions even when their decisions could potentially completely rejuvenate a struggling business or destroying it to rubble. They will make the decisions that at first lose them money over short-term, but over a long-term the pros start to emerge and outweigh the cons. People who are too attached emotionally to money will not be able to see this, and even if they do, they do not dare to pull the trigger. Then you can start thinking that money is your [expletive]/ slave, not the other way around. Right now, there are too many people who no longer have pride when they're around money. These people have sold their soul to money, basically saying that they will be forever be a slave to money in exchange for their TIME. There should be NOTHING and NOONE in this world that you should be willing to be a slave to, giving your most valuable asset (TIME) in return! Nothing is worth mindlessly giving away your time to, this includes money. That's when THE LOVE of money is the root of all evil.

 

Money should be your slave/ [expletive]. You must be ITS MASTER, not the other way around. You have to position yourself ABOVE money at all times. It's NOT easy to do this as money understandably really gives A LOT of temptation. But there is a way to effectively separate yourself completely from money... and that is by BEING GENEROUS. Over time, as you keep giving your own money, you learn that you're the one who is the MASTER, and not your money. When you rid yourself of the major negative emotions such as GREED and FEAR (and they are mostly a product of money), you truly become the master of your own self. And that's when you start making good decisions even when money is at stake. And that is crucial to success.

 

 

 

8.) Be generous

 

If you want a smile, be one that gives a smile

If you want a hug, be one that gives a hug

If you want money, be one that gives money!

 

Money has a strange way of coming back to you, if you give it away. By being generous, you will learn to detach yourself EMOTIONALLY from money, and this is what's important about the whole CHARITY/ TITHING thing. Essentially, you're getting rid of both GREED and FEAR emotions from yourself when it comes to money. When it comes to money, people around you are bickering and fighting (directly or quietly) over it, but you will become the quiet strong leader that is not emotionally affected by it and one that makes sound decisions. People will trust you with money. Money will trust you! You will be around money more than you ever were once you start being generous, which is ironic, but it is true. Generosity would make every true rich person's chapter of discussion if they were each to author their own "How to Get Rich" book. True rich people believe in generosity. It's not a superstition, but it is the truth. That is why you see rich people keep donating their money. The ones who fear giving their money, carefully protecting and aggressively defending them will not stay rich long.

 

You can start being generous by giving away $1 every week, e.g. tip to waiter at a restaurant/ bistro. A $1 charity every week is good, is definitely better than nothing. Over time, it will have an effect on you, a BIG positive one! If you can commit to being generous, then you can start thinking giving away a small percentage of your income. Kiyosaki recommends you give 10% of your income to charity, but the percentage number can be altered to suit your "level of willingness" in being generous. Right now, you're probably at a "beginner" level and want to start with giving only 1% of your income, and that is FINE as long as you get started and commit a disciplined percentage of it. Every generous person was once emotionally attached to money as well and started from somewhere. The "discipline" here means once you get started and put away 1% of your income, e.g. $10 out of monthly $1,000 income... you must not use that $10 for any other purpose than charity. Make sure there is $10 (or your disciplined percentage of your income, be it 1%, 5%, or 10%) every month to be spent on charity

 

Being generous will open your eyes and seemingly make you see things from perspectives you've never had before. And I guarantee it is a positive (not negative) experience... especially if you're serious about becoming a financial success someday. By being generous early will get you started and equipped well with the handling of money emotionally and physically, an advantage you have over most people who do not know the importance of being generous.

 

If you want to detach yourself from the strong emotions of money and want to be a success financially, then you must be generous with your money. However, not all people have "financial success" as their ultimate goal. Some of them want "successful social lives" or "happy family" as their goal... and they can be generous too. Because being generous does not necessarily involve just money. Being generous can be in many forms other than monetary, such as: being helpful to people who need help, sharing your happiness with other people when you're happy, or being friendly and nice (but not naive) to people you meet. These are also a form of generosity.

 

 

Notes:

 

- It's important to distinguish between "being generous" and "being careless in spending money". Being generous means you appreciate money and know what it can do for other people and you know that it's going for good cause. Being careless in spending money means you no longer appreciate money, and in return money will not stick with you for long either. E.g. Antoine Walker had $100 million and spent it all with his friends on luxury materials and lifestyles. This is not a case of being generous to his friends at all. It just shows how Walker did not appreciate the money until it was all gone.

 

- Being able to say "money is not everything" and mean it is a very valuable characteristic. This should reflect on the absence of GREED and FEAR, the 2 emotions and main reasons that crush the dream of being rich. However, this statement should NOT reflect on DISINTEREST in money, because if you're uninterested in money, rest assured money "will never be interested" in you. There's a difference between greed and DESIRE. (read #13. Desire... to distinguish between greed and desire).

Edited September 6, 2010 by Snake

[Multi-Billionaire]

9.) How to get started with being generous

 

Kiyosaki breaks down how you should manage your income:

- 10% goes to charity/ tithing (use ONLY for charity/ tithing purposes)

- 10% goes to investment account (use ONLY for investment purposes)

- 10% goes to savings account (use ONLY for rainy days/ emergency)

- 70% (the rest) goes to expense (foods, bills, rent, clothing, entertainment, etc)

 

 

If you just follow this formula, it has an effective impact on you taking the the first step to being generous, to investing, and to saving (if you haven't started). This is the formula Kiyosaki used when he was still poor (living in a car with his wife). You can imagine that even when he was poor, Kiyosaki still put aside some money to give away to other people... that's the ultimate generosity. Currently, Kiyosaki uses a different (smaller) percentage for charity/ tithing, investment, and savings... but considering his income is in the millions of dollars, the output is still big!

 

You can alter the percentage to suit your preferences. For instance, I put away 16.6% for charity, 16.6% for investment, 16.6% for savings, and only 50% for expense. The numbers are really up to you... but make sure that you stay consistent with it. It is pointless to keep changing the numbers every month. Once you use one, stick to it, and stay consistent for months and years, if not for the rest of your life.

 

Also, make sure that you use them properly. Do not use the fund from investment to pay your bills (expense), do not draw fund from charity to fund your investment, do not draw fund from savings to throw a party... use them properly. The key here is discipline.

[Multi-Billionaire]

10.) Word is your most powerful tool (it does not take money to become rich)

 

If time is our most valuable asset, word is our most powerful tool. It makes you poor, middle-class, or rich. It makes you go out with 1000 girls in your lifetime or 0. It makes or breaks your confidence. You self-build or self-destruct by your own very words. You use it for or against you. You are who you are because of your words.

 

Remember that your words become flesh/ reality.

 

 

If we rewind back to school days, the guy that says, "she'll never go out with me" will never go out with her. But the guy that says, "how can I make her go out with me?" will keep trying until successful.

 

Then we have a grown up who says, "I'll never be rich" and the truth is just that he'll never be rich for the rest of his life. But the person who says, "I'm not rich now, but how can I be rich?" will find ways to be rich.

 

When David met Goliath, David didn't say "whoaaaa he's so big... it's IMPOSSIBLE to beat him. There's NO WAY I can beat him. I just can't." Instead, he must have said, "how can I beat him? There must be a way... maybe I can try this slingshot".

 

When Trump was billions of dollars in debt, he didn't say, "It's over. I'm done." He must have said, "what can I do to get out of this mess?" Trump did say that he did not have time to think about his problems, he always thought about solutions. Thinking about problems to him is just a waste of time.

 

 

Your words become flesh/ reality. Words become thoughts, thoughts become actions.

 

 

The moment you say, "you can't" (do something) your brain shuts down and stops working. When your brain stops working, you come to an end of the road, e.g. "I cannot afford it". But if you change your words to "how can I afford it?" you make the brain work... and if you're persistent (persistence beats failure EVERYtime), you'll eventually find the answer.

 

 

Evaluate your own or your friends' words. What do you hear? Do you hear a poor person's words or a rich person's words?

 

 

It doesn't take money to become rich, it takes words. The true difference between a homeless man and a multi-billionaire like Donald Trump is their words/ vocabulary, not their money. The good news is words are free. So start using a rich man's words! Your destiny (financial and/ or others) lies in your words.

Edited September 14, 2010 by Multi-Billionaire

[Multi-Billionaire]

11.) Get rid of negative influence

 

Don't associate yourself with people who tell that "you can't".

 

When a person says you can't do something, they're actually speaking about THEMSELVES. It's not you who cannot do it, it's them! Because they think they cannot do it, they'll tell you that you can't do it... because in their reality, it's impossible to be done by them and they cannot see it done by anyone else either.

 

We've heard it plenty times from people who say to us, "you can't do it, it's impossible". "You can't do it, it's illegal (although it's perfectly legal, but they just don't know how it works)"... or people who are just flat out cynical, "you can't do it."

 

 

Get rid of them. It's for your own sake.

 

 

Also notice when they point a finger at you saying "YOU CAN'T!". There are three fingers pointing back at them. It's them who CAN'T, not you.

 

 

It's tough enough to get rid of the negative voice inside one who says "you can't." You don't need other people to do more damage. Get rid of them.

 

 

If they happen to be close to you that you can't possibly get rid of, e.g. your dad or mom or brother, maybe you can just change the subject, pretend you listen, but never EVER listen to people who say you can't... including "you cannot be rich/ accomplish your dream." Or you can be direct to them and say that you don't appreciate being told that you can't. However it is, work your way around it. You MUST NOT let the negative influence affect you... and do NOT underestimate them and the power they can do to you to bring you down.

 

 

Edited September 18, 2010 by Multi-Billionaire

[Multi-Billionaire]

12.) When facing an obstacle

 

I got this from Donald Trump's book.

 

We come to face obstacles in our lives. They can seem like a brick wall that we cannot get through.

 

However it is, you must find a way to keep moving forward. Work your way around the wall, over the wall, under it, through it (obliterate it)... whatever it is you must keep moving forward and not let anything stop you from reaching your goal.

[Multi-Billionaire]

13.) Desire

 

I would suggest you to read Napoleon Hill's "Think and Grow Rich", it's a very powerful book. It teaches you the "intangible forces" that do exist around humans that play crucial role in basically turning one's thought into their reality. This book will help you attain your goal, be it financial or other goals (such as happiness), and let you see clearly the process that take place from the starting point (desire) into the finish line (successful attainment of goal).

 

 

The starting point of all achievements is desire. Do you ever remember your last desire, desire that makes you say, "I'm going to do whatever it takes to get it and nothing will stop me".

 

I remember one time in 2002, I desired a PS2 console so strongly. I was only 20 then, and did not have my own income. The only way I could get the PS2, is to convince my mom to buy it for me. Of course, she rejected it flat out. It was still expensive back then (about $250-300). But I desired it, and I was determined that I would get it. So I kept nagging at my mom, non stop for about 4-5 days until she finally said, "I will give you money, but you will have to save it over time until you have enough and buy it." In the end, I bought it. I might have been an inconsiderate little annoying son, but I attained what I desired.

 

 

Note: it's important to distinguish between "desire" and "mere want". It's quite surprising that humans actually do NOT experience "desire" often in their lives. What they thought of "desires" are often just "mere wants", e.g. "I want an apple", "An ice cream would be nice"... but if someone told them, that they'd have to run 10 miles and then at the finish line they'd be given their apple/ ice cream, they will most likely not do this because they are just "mere wants". Or they'd start running, but 1-2 miles in, they quit realizing it's too much of a task... at least for an apple. But, if someone truly DESIRES an apple for some strange reason (because maybe they think it's a special apple), they will do whatever it takes, including running 10 miles to get it. Of course, noone ever "desires" an apple/ ice cream... they're just a mere want... you can buy an apple/ ice cream for a cost less than running 10 miles.

 

 

A desire is a genuine, pure want. It is NOT FAKE. It does NOT FADE in the face of hardships and obstacles. It usually involves something that is big in value or importance to the person. Someone will run 100 miles, swim the seas and climb mountains, if it's the journey that takes him to the woman of his dreams. A desire is often accompanied by determination and energy to persevere the hardships and eternal light of hope (or also called "faith") in the attainment of the desire. A desire so strong is called a "burning desire".

 

 

In my PS2 story above, the PS2 console would have been just a "mere want", if once my Mom told me, "you can't have it", then I'd stopped thinking about the PS2 console. But I didn't. I strongly desired the PS2 that I kept telling my Mom I just had to have it, mostly in a begging way, but I was persistent and would not give up even as she grew tired and angry having to listen to the same plea over and over for days. My desire for the PS2 was so strong, I started buying the games even before I owned the console (what can I say, FFX and Kingdom Hearts kicked [expletive])... before I went to bed, I dreamed about having and playing the PS2, in my sleep I dreamed about the PS2, when I woke up all I could think about was a PS2, when I was playing ball all I thought was a friggin PS2, and even in shower or during dinner, I was thinking about... you guessed it, a PS2! True story. This is a case of "burning desire" and not just a "mere want".

 

 

This is when the spiritual/ intangible forces started to kick in. According to Hill, "mother nature bends to the will of your desire." Basically if you desire something and your desire is "burning and genuine", you will most likely have it in the end. If you quit before you attain it, chances are it is just a "mere want" and not a "desire". Nature will start translating/ transmuting your thought vibrations into its physical equivalent. In my case where Mother Nature bent to my will of desire, my Mom finally gave in and said "you can buy it".

 

 

Think about it again, when was the last time you want something so bad you consider it a "burning desire" (not just a "mere want") and in the end you did not get it? I cannot recall such experience in the few instances in my life where I desired something so bad and I didn't get it. Of course, the desire has to be genuine and burning and not just a "mere want". If you had a desire that you did not attain, chances are, again, it is not a desire but just a mere want. You were not ready to do whatever it took to attain it, and would not accept "no" as an answer.

 

 

If you want to be rich, you will have to have a "burning desire" to be rich. Most people "want", "wish", or "hope" to be rich, but these are NOT enough. That's why "most people" are not rich. If you want to be rich, that "want" has to be a "burning desire", not just a "mere want". Ask yourself, do you have a burning desire to be rich? You have to be genuine and mean your questions and answers, if not, they're useless. If you have it, you're on the right track. If you don't have it, the good news is you can "train" yourself to have it.

 

 

Notes:

- "Desire" is known as 1 of the 7 major POSITIVE emotions. So if you have desire, it's ALWAYS positive, and never negative.

- You have to distinguish between DESIRE and GREED. People often confuse one as the other. They think "to desire" is bad, selfish and negative. But this is not the case. To desire is natural and positive. Besides, humans do NOT experience genuine burning desire in their life often... it is an emotion that should be treasured, and not condemned. Remember, a burning desire means you are determined that you will mow down opposition until you attain it. GREED, on the other hand, is a major NEGATIVE emotion (1 of 7 major NEGATIVE emotions). Greed is to want something although you already have enough of it. "DESIRE" should not have any relations with "GREED" because they're 2 completely different emotions. So if you have a desire, treasure it and attain it!

Edited September 6, 2010 by Snake

[Guest STL10]

Money is pointless. It shouldn't run our world and be the judge of if a person is a success.

[Multi-Billionaire]

^Life is more important than money. But money is important to support life.

 

 

And "rich" doesn't always involve money. You can be "rich" in financial, spiritual, social, etc. I have also written how it is important to detach yourself from the emotions of money by being generous (giving your money away).

[Multi-Billionaire]

14.) Subconscious Mind, unlock your TRUE POWER that lies within!

 

 

Our mind is divided into 2 parts: the conscious mind and subconscious mind.

 

Consider the power of the subconscious mind: whatever you have in your subconscious mind, IS YOUR REALITY. Our subconscious mind is what makes us do majority of our actions.

 

 

The subconscious mind does things like your eyes naturally blinking/ your naturally breathing/ your naturally dreaming in your sleep. Do we give command to ourselves with a conscious mind to naturally blink, breathe, and dream? No, because it's all done naturally. Can we consciously tell ourselves to blink? Yes, but are you going to do "blinking" for the rest of life? How tiring! The next thing you know, you stop thinking about blinking and your subconscious mind takes over and does it for you. Can we consciously tell ourselves to breathe? Yes, but if we depend on our conscious mind to command our body to breathe, what will happen when we stop thinking such as when we fall asleep? Does it mean we stop breathing too? This is why the subconscious mind is important. Our subconscious mind is awake even when we and our conscious mind are asleep.

 

 

 

If you have:

- I hate myself, I'm ugly

- I love me

- I'm afraid of dark places, I always think of ghosts

- I am fearless

- Everybody hates me

- They love me

- I won't be rich

- I will be rich, I know it

 

 

... in your subconscious mind, then they are your reality!

 

 

The subconscious mind does not have the ability to argue or dispute what it is told. Whatever information you give it, it will accept as true. It will then work to make that information correct.

 

 

So if it's so simple, we should just give command to our subconscious mind that "I will be rich" and it will be a reality right? It's NOT that simple.

 

 

Fact is our subconscious mind is SURROUNDED AND GUARDED by our conscious mind. No thoughts can enter our subconscious mind before being processed and rejected by our conscious mind. The only thoughts that can enter our subconscious mind are those that have been induced and emotionalized by ABSOLUTE FAITH through repetitive conditioning/ repetitive experience/ repetitive thoughts (sometimes called auto-suggestion).

 

 

So, merely telling yourself that you're going to be rich, is not going to reach and penetrate into your subconscious mind. It will be rejected by our conscious mind. But telling yourself over and over again, that you're going to be rich, before you retire to sleep and wake up in the morning for, say months and then years (for few days is not going to work), is going to induce an absolute faith in that thought. And when you have faith in your thought, it is going to be accepted by the subconscious mind.

 

 

Don't believe me? Try deceive yourself, saying that "salt is sweet". Say that over and over and over. The first 10-20 times you're saying it, you're probably thinking you're just fooling yourself. But getting to the 40th-50th time (maybe 100th time to some people), you're starting to get a sensation in your tounge through your imagination that salt can taste sweet! It is because you repeat the sentence so many times that you begin to trickle faith into the sentence and it enters your subconscious mind. What power it can have on people. Try saying that over a period of month(s) and even year(s), "the trickle of faith" will become crystallized into absolute faith and it also becomes crystallized in your subconscious mind. How is this powerful? Once the thought that "salt is sweet" is in your subconscious mind, you will naturally pour salt into your coffee/ cooking when you need to sweeten them... just like you naturally blink your eyes or breathe.

 

Instead of "salt is sweet", what if you change it to "I will be rich" or to "I will live my life happy and without fear of resentment or rejection"? Say it over and over, for month(s) or year(s)? Again, saying it only for days will not work as a conditioning/ auto suggestion is something that will work only over a long period of time. Can you imagine you will just naturally doing those (you will be rich, etc)?

 

 

Remember, only thoughts that have been emotionalized by ABSOLUTE FAITH can enter and be accepted by your subconscious mind. You have to say it with feelings and vision. Basically, you have to mean what you say, instead of just saying it without meaning it. If your statement is "I will be rich", you have to mean it. Try, if you can, visualize how you have a massive property with all the luxuries that you dream, the visualization will help you induce faith in your statement/ auto-suggestion. And do it over and over for month(s) and if you're persistent, year(s), until your faith in the statement becomes rock solid it is unbreakable.

 

 

Once the thought of your goal/ desire reaches and is crystallized in your subconscious mind, the way "breathing" and "blinking" are in your subconscious mind, you will automatically DO ACTIONS towards reaching the goal until they become reality.

 

 

Subconscious mind is a true beast of power that lies within everyone, which they use FOR or AGAINST them.

 

 

http://www.youtube.com/watch?v=UkMU5f7rfXc

Edited September 18, 2010 by Multi-Billionaire

[ChosenOne]

These seem to be good reads, but i am just not in the mood to read them at this very moment seeing that they are somewhat long. I will read these later today, and let you know what i think.

Edited September 18, 2010 by ChosenOne

[Multi-Billionaire]

^They're kind of continuous, it is not really all that hard to read to be honest :glasses:

 

It's because they're all in one thread, the page seems long and it looks long to read, but it isn't. Just read point by point! :glasses:

 

 

Take your time and ask anything if you have any question. Other than that, enjoy, thanks for visiting the thread :glasses:

[Multi-Billionaire]

15.) Life will pay any price you ask of it

 

 

If you ask an income of $20,000 a year, you'll get it if you work for it. But you won't get more.

 

If you ask an income of $50,000 a year, you'll get it if you work for it. But you won't get more.

 

If you ask an income of $100,000 a year, you'll get it if you work for it. But you won't get more.

 

If you ask an income of $10,000,000 a year, you'll get it if you work for it. But you won't get more.

 

 

 

 

 

The Bible says, "Ask and you shall receive." Whether it is money, health, happiness, or other self-fulfillment.

 

 

Les Brown says, "most people fail in life not because they aim high and miss, but most people fail in life because they aim too low and hit."

 

 

So aim high whether it is a financial goal or other goals. A good way of finding out the true desire of what you want to achieve that lies within you is to ask yourself these two questions:

- "What would I really do if I have a lot of money and it doesn't worry me?"

- "What would I really do if I knew I couldn't fail?"

 

 

 

You also have to know what you want, set a specific figure (if financial wealth is your goal) of your goal, when you would like to achieve the goal, and what you will do to achieve the goal... e.g. "I have a desire and that desire is I want to be a millionaire when I am 30 years." You have to be specific and know what you want.

Edited September 19, 2010 by Multi-Billionaire

[*Swish*]

Multi-Billionaire... I love you

[Multi-Billionaire]

^Hey man glad to see you back, if you have any question, just post here or shoot me a PM. Good to have you on the site again Thanks for showing interest.

 

 

16.) You have to focus on what you WANT, not what you don't want

 

We tend to focus on the things that we don't want. The following are what unsuccessful people habitually do:

 

"I don't want to be poor."

 

"I am afraid of losing her. What should I do?"

 

"I don't want to screw up at this job interview."

 

"I don't want to be late."

 

 

Law of Attraction says you attract what you're focusing on and it's EXACTLY WHAT YOU'RE GONNA GET. Instead, try to say the opposite and find what you WANT (what successful people habitually do):

 

"I want to be rich."

 

"I will rebuild our relationship and get in her good graces."

 

"I want to excel at this job interview."

 

"I will show up early."

 

 

Focus on what you WANT, it's what successful people habitually do.

 

 

 

17.) You must take 100% responsibility for your life

 

Jack Canfield says it all:

"EVERYTHING in your life, you are creating it/ you have created it. In other words, you're participating in creating it or allowing it to continue. You have to give up all the blaming."

 

 

 

We tend to blame other people and/ or situations that we think are the cause of our failure(s) or shortcoming(s):

 

"I cannot focus because my neighbor likes to irritate me and therefore my productivity at work declines"

 

"I grew up in poor environment, I will never be rich."

 

"It rained so I decided to not to go to job interview and found out they're no longer interested in me. I hate it when it happens. Why don't people understand? When it rains it's hard to go anywhere."

 

 

 

If you want to be successful, you have to give up ALL the blaming, complaining and excuses. ALL OF IT. You have to be in charge of your own destiny because you CAN control you... instead of depending on outside factors such as other people/ situation that you CANNOT control.

 

As long as blaming, complaining, and excuses are still a part of your life, you will NEVER ever reach any financial success/ any other success(es).

Edited November 22, 2010 by Multi-Billionaire

[trutrojan8]

I can't remember where it is, since you have about 200 of these money posts, but you said something along the lines of

 

"if you say salt is sweet 100 times, it'll make it sweet"

 

What if I said I can fly 100 times a day, for a year and truly believed it. Would I be able to?

[Guru]

I can't remember where it is, since you have about 200 of these money posts, but you said something along the lines of

 

"if you say salt is sweet 100 times, it'll make it sweet"

 

What if I said I can fly 100 times a day, for a year and truly believed it. Would I be able to?

http://www.youtube.com/watch?v=qySx8tSs8BQ

[Multi-Billionaire]

I can't remember where it is, since you have about 200 of these money posts, but you said something along the lines of

 

"if you say salt is sweet 100 times, it'll make it sweet"

 

What if I said I can fly 100 times a day, for a year and truly believed it. Would I be able to?

 

I didn't say it will make the actual salt sweet... the faith will trick your mind into believing that the salt is sweet, although the salt itself is of course still salty, and therefore you would (directed by your subconscious mind) pour salt into your coffee when you want to sweeten it without you consciously realizing it... and then moments later, you'd be like (realizing you just poured salt into coffee), "did I really pour salt into my coffee?"

 

"Reality" is not universal, reality depends on the person to accept what they think is real and what they think is not real. E.g. a person can see a blue color and say it's "blue", but what is "blue" to another person who's color-blind since birth? How about a "blue" color that looks "green" to another person?

 

We're not blessed with feathers like birds, so of course, we can't naturally fly. But can we invent machines that enable us to fly? Yes.

 

And we had Michael Jordan "who believed he could fly"... and at times, Michael Jordan mesmerized us into believing that he could really fly... because the person (MJ) really and truly believed he could fly. Whether or not the definition of "flying" being jumping from the free throw line and being pulled back by gravity seconds later matches other people's realities of "flying" matters not, as long as MJ believed in his own definition of "flying". Other people's realities mattered not to MJ, it's his own reality that mattered to him.

 

It's YOUR OWN reality that matters to you whether you "fly" or not, after 1 year of conditioning and believing in that statement.

 

Your beliefs and realities differ from other people's just as people see one color as different colors.

 

 

---

 

 

What can be accepted as a universal truth/ reality, however, is this: man can create nothing which he does not first conceive in his mind.

 

If you program your mind to believe you can fly to the point that you really believe you can fly, you might find a way to fly.

 

But you will NEVER ever (find a way to) fly if you act indifferent toward the subject of flying, or worse, don't believe it.

 

 

Therefore, the concept of getting rich is the same: if you somehow program your subconscious mind into believing that you will be rich, you might find a way to be rich... but if you act indifferent toward it, or don't believe it, you will NEVER be rich.

 

That's why being "rich" or "poor" is A STATE OF MIND... it is ALL mental. Check the get-rich books, I bet 99% of the titles say "THINK and Grow Rich" or "THINK like a billionaire". It's all about THINKing. The true/ core difference between a billionaire, a millionaire, a middle class, and a homeless man is NOT their money, but their MENTAL or the way they THINK when it comes to the subject of money.

 

Some people (when they get money) will spend all their money, some people will invest it, some people will gamble it, some people will save it, and some people will use all the money to pay their bills that nothing's left. They are all different paths that lead to financial success, or financial stagnancy, or financial mediocrity. Different people with different thinking when it comes to money will do different things with their money, that's why some end up a billionaire, some end up a millionaire, some end up middle class or poor. Money is just a measurement/ meter/ reflection of their financial IQ smarts as well as their habits with money.

Edited November 23, 2010 by Multi-Billionaire

[Multi-Billionaire]

18.) Be grateful

 

If words/ vocabulary is the core difference between a rich person and the rest (middle/ poor class), then gratitude is the next biggest difference between them.

 

"It's easy for people who have a lot of money to be grateful"? Not quite. There are tons of rich people in this world who feel miserable and unhappy... it's because they have no gratitude.

 

But there are EVEN MORE people at middle class - poor financial level who feel miserable and unhappy day in and day out simply because there is no gratitude in their vocabulary.

 

For us who live in USA, Europe, Australia, developed countries in Asia such as Japan, Hong Kong, Singapore, China we need to be grateful to live in the richest countries in the world. If we make a straight comparison with the people who live in war zones, where it's pitch black at night with constant firearms, no facility, no comfortable bed to sleep on, perhaps no food/ drink, and not knowing if their hidings will be raided or bombed, whether or not they'll survive the night, our petty worries are so small by comparison.

 

 

 

If you are grateful about what you have, about your life, you are RICH... even if you have little/ no money.

 

TRUE rich people are grateful not because they have a lot of money, but they have a HABIT of appreciating and being thankful and humbled for what they have. They would constantly say to themselves:

- "I am grateful for the nice weather today"

- "I am grateful for the beautiful breakfast I had this morning"

- "I am grateful for living in one of the richest countries in the world."

- "I am grateful for all the accommodation, luxuries provided to me at small fraction of the costs of my money"

- "I am grateful for all the opportunities I've been able to get"

- "I am grateful for great/ loving and caring family I have"

 

 

When you're grateful, you rid yourself of complaining and blaming that often are your own major roadblock to your dreams/ goals. Being grateful also curbs self-pity, often found in individuals who excuse themselves and hide from reality because they don't want to deal with disappointment. When you get rid of complaining/ blaming/ self-pity from yourself, you are clearing your path/ road to success.

 

 

Develop gratitude today by starting to say to yourself (at least once a day), every day for the rest of your life:

"I am grateful today for ... (insert here whatever you're grateful for)"

 

 

NOTE: Being grateful is NOT the same as being complacent/ satisfied. Complacency is a serious threat to your dreams/ goals. On the other hand, gratitude is an important element necessary to achieving your dreams/ goals.

Edited December 25, 2010 by Multi-Billionaire

[Multi-Billionaire]

19.) Abundance vs. Scarcity. What is your reality?

 

A major reason why there are less rich people than middle-class/ poor people is because a majority of people believe that money is hard to get. People who say, "do you think money grows on trees?" are such example.

 

But there are also people who believe the world is abundant of money, that they are plentiful of opportunities/ endeavors that attract money, provided they seek and desire it. They like to say, "don't worry about money, if we do the right things right, there'll always be plenty of money." And they often become the minority (rich).

 

For as long as you think "there is not enough money in this world", it will be IMPOSSIBLE for you to become rich.

 

 

Unless you're born to wealthy family, most people's reality is "money is scarce". There are good reasons for this, among them, namely INFLUENCE from parents and school. Since we're kids, we're always taught by parents to get good grades, graduate, and get a job with security and benefits. And if you read point #2 above (Security vs. Freedom), you will know that rich people do NOT seek "security and benefits". Rich people seek FREEDOM. "Security" gives to us a meaning (a meaning that we've been programmed to remember since we're kids) that "money is hard to come by", and that is why "we need a job with security". It's no wonder most people's reality/ view of money is that it is scarce... and once they get their hands on it, their greed, insecurity & fear (of losing it) speak for themselves.

 

It is ABSOLUTELY IMPORTANT for anyone having financial dreams/ goals to shift their reality from "scarcity" to "abundance". There's NO guarantee you will be rich if you successfully change your reality, from "scarcity" to "abundance". But one thing is certain: you will NOT be rich if you don't make a change. The not-so-good news? It's hard to do. We're talking about changing our habit (subconscious mind) of thought from thinking "money is scarce" to "money is plentiful"... and we know that changing habit/ reprogramming your subconscious mind, like most New Year's resolutions, is never easy. Multi-millionaire Robert Kiyosaki, born to a family who strongly believed in job security, admitted that this (changing his reality from "financial scarcity" to "financial abundance") was arguably the toughest adjustment he had to do. The good news? It can be done, provided you're adamant in changing your "scarcity" reality to "abundance" reality, and that you're PERSISTENT in the journey.

 

 

You can change your reality by re-reading the three points (#8, #10 and #14) above:

8.) Be generous

10.) Word is your most powerful tool (it does not take money to become rich)

14.) Subconscious Mind, unlock your TRUE POWER that lies within!

 

 

Change your words/ vocabulary and change the way you think. You have to be persistent and consistent in doing this. As you condition and train yourself to use rich people's words, you're going to reprogram your subconscious mind (replace your old, bad habits with new, good habits). As you start to be conditioned with the new, good habits, your actions will reflect on your beliefs. Taking actions is also a good way to quickly transition from old, bad habits to new, good ones, because actions reaffirm of what you (want to) believe in. Then finally, generosity is important in separating ourselves emotionally from money. If you're attached too strongly to money, you are more likely to have a "financial scarcity" reality, and are less likely to have a "financial abundance" reality

Edited December 25, 2010 by Multi-Billionaire

[Sħãlïq™]

11.) Get rid of negative influence

 

Don't associate yourself with people who tell that "you can't".

 

WORD UP!!!! That's NOTHING but truth!!!