Wealth Principles
Let’s be honest. We all want to be well off, wealthy, rich, and abundant. We’re fascinated by others who already are. How did they do it? How can we do it too?
If you want to be financially powerful you have to understand how wealthy people think and act. From mindset to actual actions, they follow behavioral principles when it comes to their wealth and these principles (rules, steps) are what separate them from everybody else. The simple truth is that wealthy people tend to understand and do things the rest of us don’t.
Wealth/Money is associated with Financial Power, as often these people can impact their community in ways most of us can’t. I will share some of the behaviors I observed wealthy people do. Once you’ll identify these behaviors and principles the wealthy lives by, you and I too can choose to follow them. If we do like them, we’ll become like them.
The questions we always ask when we see wealthy people are:
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What do they do to make money?
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How they carry on making money?
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How they spend it?
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How they invest their money?
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How they enjoy it?
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How they give back?
If you travel across North America you’ll find Casinos all over your trip. The truth is gambling is a multi billion dollar industry. There are lots of people who are hoping to become rich easily with as less effort and time as possible. But Casinos work on percentages-just like any business. Roulette for instance, if the game is run properly, runs on about 30%. That means if $100 crosses the table the house expects to pocket $30 of that. It returns $70 to the players – not necessarily the same ones who staked it. Some will lose and some will win. But the house will always, always win – in the long term.
If so many people are gambling so much, it implies to me that many are hoping for easy money.
The principles I will share are not for those individuals who want to become rich overnight, but for those who are willing to make some changes in their lives to grow wealthy and financially powerful while remaining a decent person.
When I was a child I grew up in a low-middle class in a European family in a communist regime. My parents worked hard, really hard because they believed that hard work will bring you results. It did in some form because I never had to go without the necessities needed, but my parents didn’t know anything about investing their hard earned money. When in 1990 the capitalism started in East Europe and the value of money changed, my parents without any knowledge of how to use that time of history for their benefit, they went from being OK to almost losing all in a matter of a year.
I saw people who’s life turn around for better and become wealthy, some really wealthy just by having the right information at the right time. Having the knowledge they had the financial power to turn their lives around. My parents had money – they had their money in bank account and earned little interest. But the value of the money devaluated. I remember their house was worth of $90,000. They brought a car that year for $80,000 (that was the average price for a new car). If they would-off buy another home for that amount, today they would be living their retirement years much easier then they are. That car devaluated and it’s worth nothing today. The home prices rose at least 300%.
I was a teenager back then and seeing the consequences of poor financial decision made me become the person I am today. I knew that I would work my way out of that upbringing and I will learn as much as possible about how money works, investments and anything related to money management to have the wealth and the financial power needed to help my parents. But it took a lot of false starts, a whole lot of nearly made-its before I got it right (I learned a great deal in each of my failing). I only got it right when I took the time and trouble to observe what the really rich do.
If you want to get richer and do it legally, if you want to do something useful with your wealth once you’ve got it and looking forward to give something back and you are prepared to put some work to reach your goal, then consider to read all my articles on this Page. I believe that the information I share with you will increase the odds of your making money and growing your wealth.
Well, there are whole numbers of things we can do. No individual principle guarantees success. But each narrows the odds. They all increase our chances of making money. It’s not as easy as a quick win on the blackjack table but it is more assured and long term and it doesn’t make you an addict or have you chasing a losing streak.
To help you understand easier and to be able to follow me on the topic, I have divided the Wealth Principles article collection into five Categories:
- Getting Wealthy
- Getting Even Wealthier (Money-makes-Money)
- Staying Wealthy
- Sharing your Wealth
Follow me and learn the principles on how to become wealthy and financially powerful.
