Thursday, February 2, 2012

I Wanna Be A Billionaire, so F*cking Bad!



I've been noticing a lot of people complaining they don’t have enough money, or they’re broke and want to be rich. Yet one simple question seems to always get them thinking of the reality of getting money and being rich;

“What are you doing about it?”

Typical responses…

“Ummm…”
“LOTTERY!”
“Good question…”
“I’m too busy” or my personal favorite,
“Ummm….Shut up!”

See in an era of instant gratification, we forget that there is a process to everything. We get bombarded by the “glory” of instance every day. Instant coffee, instant noodle, instant service, instant cash! We’re so spoiled at getting most of what we want in an instant that we develop an instant craving, and forget the importance of process, the process of taking action.

Going back to my point, all of us want money, financial security and riches, I mean who doesn’t? However, wealth and abundance doesn’t happen in an instant in typical cases. Simply wishing and dreaming of financial security won’t make you wealthy.

So then what will?

Simple, it was answered with my question earlier, DO SOMETHING ABOUT IT!

Here’s 2 Simple Ways How

First and foremost – Mind over Money

Discipline is the key for this first step. The simplest approach to training your discipline is by setting up a “pay yourself everyday jar”. It's exactly how it sounds like. It's unconventional, yet highly effective.

This is how I set mine up;

I found an old pickle jar in my kitchen cabinet, set it on my night table and every day I would put $1 in it, or whatever change I had in my pocket. You’ll be surprised how fast this adds up and how fast you get addicted to it. Once you have enough, put it in a savings account and repeat!

The key to this activity is not the amount of money you put in the jar, but the habit of putting money in the jar to save. Whether its $10 or 1 cent, it doesn’t matter how much you put, as long as you put something everyday!



In order to appreciate a million dollars, learn to appreciate a million pennies first.



Second – Don’t procrastinate

Instant gratification is a funny thing really. People want things right now, but won’t act on ways to get what they want RIGHT NOW. They create excuses like, “I’m too busy”, “I don’t know how to invest”, and “I’ll get it someday, when I’m ready”

Excuses like not having enough time, knowledge or courage is a surefire way to stay broke.


I mentioned we are in an era of Instant Gratification right? Well there are ways to take advantage of this in helping you act NOW.

Not enough time? Use a calendar and schedule time! I use Google Calendar, however you can use any calendar. Find time to make money on the side. Find time to sell things you don’t use anymore. Find time to find ways in how you can help yourself earn extra income.

Not enough knowledge? Wikipedia is a great free resource to learning financial terms and strategies! I often buy books about things I want to learn on Amazon. I also find articles online from people who are already creating extra incomes, to gain perspective.

Not enough courage? Find someone who is financially stable and take him or her out for coffee and ask for advice! Make friends with a business owner; ask them for a little time to answer your questions on your quest to creating your own business and financial security.

If you haven’t noticed already it’s a fairly simple concept, it’s not easy, but it’s not hard either. It’s a matter of changing mental financial habits around and creating more opportunities in making more money by acting on getting what you want.



I’ll leave you with this joke,

“A man spent his whole life going to a church every day praying to the statue of a great saint begging please, please, please, let me win the lottery.’ Finally the exasperated statue comes to life and looks down at the begging man and says ‘my son, please, please, please, buy a ticket.’




Recommended Resources

JM

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