Showing posts with label poor. Show all posts
Showing posts with label poor. Show all posts

Friday, 14 November 2014

PERCEPTIONS OF THE RICH VERSUS THE POOR-PT 2

Making money work for you is an art. It has to be learnt or studied. One must learn to be patient since riches do not come overnight.  You should get the right state of mind and you can start by the practising the following.
  1. Change the wrong mentality. You should have a reason (a very strong reason) that can also motivate you. Some wrong words should change.  Instead of saying "I cant", say something like" I'll try" to get this. Always be optimistic when it comes to matters concerning money.
  2. Buy assets and not liabilities.  This is to say that in every business endeavor,  weigh your profit against your expenditure. Your profit should far outweigh your losses and I believe that move can be classified as an asset. Note that assets put money in your pocket but liabilities remove money.
  3. Move with the right people.  The people you associate yourself with influence your decisions in life. Therefore when you move with business minded people, you are able to get new ideas which helps you to grow your business.
I believe with these and many other rules with the help of God, you will achieve the desired success.

-Hilary Mensah-Buabeng

Wednesday, 12 November 2014

PERCEPTIONS OF THE RICH VERSUS THE POOR

One common question asked by everyone is how to get rich. People seek riches all their life and often achieve less.
From the author of Rich Dad Poor Dad, Robert Kiyosaki, the thoughts of the rich is so different from that of the poor and even that of the middle class. Here are some ideologies of the rich versus the poor.
1. The rich make assets whiles the poor create liabilities.
2. The rich man wants to be rich because he has the responsibility to provide certain things whiles the poor believes he is poor because he provides certain things.
3. The rich advices to manage taking risks concerning money whiles the poor wants to be extremely careful in monetary matters.
The rich therefore keep on making money but the poor on the other hand, keep on loosing money. Money works for the rich but sadly, the poor work for money. Investing money into assets means money works for you. On the other hand, having to wake up every morning to work in order to get money means working for money.
          -(Rich Dad Poor Dad)
(Watch out for chapter 2 on how to make money work for you)