Money is very important in life because it gives us options in life. Wealthy people have many options, while poor people have fewer options in life.
The rich can afford a lot of alternatives in life. For example, the rich can afford to send their children to schools abroads if they feel that the educational system in their country isn’t good enough, but the poor don’t have that option because they can’t afford it.
Therefore, in this article, we shall be considering a very vital topic about money which will help you to get more money in order to increase your options in life. You will find below 10 Timeless Truths about money that will help to attract more money into your life.
1. MONEY IS A SEED:
This is a very key principle you need to understand if you want to acquire wealth. You must always have it at the back of your mind that money is a seed and it has the capacity to be planted, to germinate and bear many beautiful and lovely fruits.
It’s sad that many people are too reluctant to plant, sow or cultivate money like a seed because they are impatient.
Many wealthy people you know today are enjoying the fruits of the money seeds which they sowed about 5, 10 or even 20 years ago.
How do you sow money seeds?
Money’s seeds are basically sown through investing and the development of valuable personal skills. It takes discipline, hardwork and patience to learn a new skill or to deny yourself of some momentary luxuries in order to invest for the future, but some years down the line, it’s rewarding.
Most of the money I make today are generated by skills I learnt several years ago or from investments I initiated several years ago.
2. MONEY IS AN IDEA OR A THOUGHT AWAY:
It’s amazing how several people in our recent history who didn’t have capital, but had just a simple idea has become very wealthy.
Think about the likes of Larry Page and Sergey Brin, Mark Zuckerberg, Jack Ma and many others who have amassed great wealth just by harnessing the power of their thoughts and ideas.
If you want to become wealthy in the 21st century, you need to start taking your thoughts seriously and you need to learn to harness your ideas and thoughts effectively and productively.
Every great company or product like Coca-Cola, Toyota, Nokia, Google, Snapchat, Instagram, WhatsApp, Facebook, eBay, Mr Biggs, ShopRite, Dangote, etc started as a little idea or thought. However they became a reality because those who had the thought took those thoughts very seriously and work on achieving them.
Always remember that your thoughts have enormous creative powers beyond your wildest imagination!
3. MONEY ANSWERS TO RELATIONSHIPS:
One of the greatest secrets of wealth is that money is attracted through targeted and conscious relationships. You as as wealthy or as poor as your network.
If I understood this principle earlier in life I would have been wealthier. Everything I have today can be linked to people around my life.
Relationship is very key to wealth creation .
You need to start looking for strategic relationships both local and international.
There are some individuals who, if they say they need 1 million dollars today, they will get the money easily.
Because, they have built useful and rewarding network of relationships over the years with a lot of people.
4. MONEY IS BIRTHED THROUGH VALUE CREATION:
You will hardly lack money in life if you are a person who creates value. Value is equal to problems solving and problems are solved through products and services created by a value creator.
You can never go hungry in life if you are value creator! You can never be a value creator if you don’t develop your mental capacity and skills set.
Capacity building is a very important way of becoming a value creator. To become a value creator, you need to spend money and time and efforts to develop yourself, your skills and your gifts.
You need to be flexible and teachable. You need to be open minded to new information. I love what Alvin Toffler said, “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn.”
Here is a list of some websites that can help you to develop yourself and your skills:
5. www.alison.com etc
You can also go to YouTube to view several skills and trainings just about anything.
5. MONEY STAYS & MULTIPLIES WITH A GOOD MASTER:
I have some dogs and if there is anything I have learnt from them, it is that they can be very loyal to a caring and good master.
Just like dogs, money respects and stays with a good master regardless of their age, gender or even religious affiliations.
Your ability to master money can be easily seen by how you spend money. Reckless spenders are slaves to money, while prudent savers and spenders are masters of money.
Your ability to always spend less than the you earn is a basic foundation for mastering the art of money making.
Most times the more money you have, the more likely you are to make more money because you always have the needed capital to grab the opportunities when they appear. That’s why the rich keep getting richer.
6. WEALTHY PEOPLE UNDERSTAND THE RELATIONSHIP BETWEEN TIME AND MONEY:
Time is money because money invested grows overtime through the principle of compound interest. However, time is more important than money because money lost can be regained, but time lost cannot be regained.
Therefore, if you have the option of spending money to gain time, don’t think twice to do it.
A practical example is trying to save transport fare and trekking to an important meeting instead of entering a taxi.
Don’t ever sacrifice time for money. Instead, sacrifice money for time. That’s what distinguishes the rich from the poor.
7. THINK GLOBALLY BUT START LOCALLY:
The world has become a global village. If you want to become a great entreprenuer you need to start thinking beyond your immediate environment, even though you are to start right where you are. You need to have the mindset that many people outside your immediate environment can also benefit from your products and services. You need to gradually begin to expand your tentacles to the international frontiers.
You also need to start thinking of also earnings hard currency in addition to the local currency your are already earning. Many of us think we are wealthy but we really aren’t because we don’t think in terms of foreign currency. For example, if you have 1 million naira in your account, you just have around $2800.
You can see that 1 million naira becomes small amount of money when you convert it to dollars. If you start thinking in terms of international currency, you will be humble and know that you are still poor and this will help you to start putting yourself in the right perspective.
The distance between nations of the world is continuously becoming smaller by means of information and communication technology, the internet, and new improvements in supply chain management. For example, in December 2019, coronavirus started spreading in the Chinese city of Wuhan, and by April 2020, the virus has spread to every country of the world with about 1.5 million people infected. This shows you how interconnected the world has become in the 21st century.
Therefore, if you want to be a force to be reckoned with in the nearest future in your industry/business sector, you need to start thinking and acting like an international citizen.
Almost everyday, I relate and network with people from different parts of the world, because I am deliberately positioning myself as a global citizen. Today, start networking with people from different countries of the world.
8. THE MORE YOUR SOURCES OF INCOME, THE FASTER YOUR JOURNEY TO WEALTH:
One of the most important secrets I have learnt over the years is that wealthy people are always on the look out for ways to increase their sources of income. Most wealthy people have an average of 5 to 7 sources of income.
Never underestimate or despise a source of income because it yields you small amount of money. Never. The smaller income sources can be used to settle some smaller expenditures, which would in turn reduce the demand on your major income source(s).
9. MONEY KNOWLEDGE WITHOUT ACTION WILL BRING YOU NO MONEY:
Action is the catalyst of money making. No matter how much you know about money, business, investment and entrepreneurship, your life won’t get any better if you are not ready to test the waters and to take the necessary steps to start the business or to get into the investment.
Anyone who is afraid to take calculated risks CANNOT be wealthy. If you are afraid to take risks, I can guarantee that you’ll remain poor in life. Most of the progress I have made in life can be traced to an innate trait I have to always take action and to take calculated risks even when many others are reluctant or afraid to do so.
When taking business and investment risks, many people might label you as foolish. Don’t worry.
Here is a rule of business innovation:
You have to wrong at first to many people in order to be right in the end.
While starting Alibaba, several financial institutions mocked and rejected Jack Ma, but he never abandoned his ideas.
FedEx the courier company started as a term paper or thesis laid out by an university undergraduate named Frederick Smith. Smith’s professor apparently didn’t see the revolutionary implications of his thesis, and the paper received just an average grade. His business professor didn’t believe in his idea, but he went on to put his idea to work and he built the great courier company that you and I know today.
Many will definitely despise you and mock you when starting out to work on your business ideas. They will tell you a thousand and one reasons why your business ideas won’t work. However, if your are committed and determined, you will prove them all wrong in the end.
10. WEALTHY AND SUCCESSFUL BUSINESS PEOPLE ARE FLEXIBLE & FAST TO ADAPT TO THE LATEST TRENDS IN THEIR INDUSTRY:
The art of successful wealth creation and business requires a high level of flexibility and the ability to learn fast and act fast.
Anyone who wants to be successful in business, investment and entrepreneurship must have the ability to study the prevailing business environment, in order to know what customers need so as to be able to meet these needs before other competitors and before the market gets saturated.
Blackberry mobile phones used to be in vogue some years ago but they were too reluctant to move with the ever changing trend in mobile phones technology. Therefore, today, they are almost out of business.
When you think about Nokia in the early days of mobile phones boom. One of their most known products that comes to mind is Nokia 3310.
However, what if I tell you that mobile phones wasn’t Nokia’s first product?
The company’s first product was toilet papers, then they made rubber boots, then car tyres. They started making mobile phones in the 1990s.
You must understand at every point in time what your customers want and quickly find a way to meet their needs before your competitors do.
Nokia missed it in 2007 when iPhone was announced. They dismissed the product and said no one would buy a dumb phone as iPhone. You know the rest of the story how Apple became more successful with their iPhone.
“The illiterates of the 21st century will not be those who cannot read or write, but those who cannot learn, unlearn and relearn”
– Alvin Toffler
I am always open to learn new ways of growing my wealth and intellectual capacity and skills, even if it requires that I need to unlearn and relearn and so should you!
If you apply the 10 secrets I have shared with you, you will begin to see significant results in your career, business and general financial well-being within few weeks and month from now. I assure you that.
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