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Psstt.... learn.... I know it's in our human nature to want to have nice things in life. But oftentimes, we become too materialistic, status oriented and ego-centric. We start judging people by their outward appearance rather than their personality, their image rather than their character. There's a very strong indicator in life if one has a problem with financial values. They're called 'Doodads'. Doodads are anything material we use to either supplement our emotional inadequacy because our society compells us to 'keep up with the Joneses'.(New car, new jewelry, cellphone, etc etc.) Don't get me wrong. I find nothing totally wrong with wanting to be materially wealthy. I hate poverty too. But in most cases, it's the poverty in the mind that actually make us poor, and not the poverty in our wallets. In this day and age, many people who seem wealthy are actually poor (living in debt) and the ones who don't look that rich are actually financially secure and are probably millionaires. We should correct this mentality. Our society and media are feeding us the wrong values. We have credit cards popping up all around, loans, easy payment/easy terms. People are led to the idea of the 'Get now/Pay later' mentality. Trust me, if you live that way and can't get out of the cycle, by the time you're 40 or 50, you won't have a single penny. Even if you have a job until 70, if your income doesn't exceed your expenses, you don't own anything. Your net worth is negative. You're poor. Net worth is the key factor guys!!!! How much money is left after you've paid off everything? So what should we do? 1. Stop thinking poorly and start thinking richly - Your value as a person is not tied up with the clothes you wear or the stuff that you show off. If you wanna be rich, then act like one. Rich people are secure in themselves and they don't feel compelled to always show off. I saw Robina Gokongwei once at a private gathering, she was neither wearing jewelry nor anything flambouyant. 2. You shouldn't live for Doodads - It's all right to have the sports cars, the mansions, the condo, the jewelry and the expensive toys, but hey, make sure you live within your means. Never get yourself in frivolous debt, because debt is a cycle. Once you get in, you never know when you're gonna get out. If you want to acquire these things, focus your energies on how to increase your means of income, Legally. If you do that, you won't be wasting your time and you won't be getting yourself into trouble. Simple rule: "Don't spend money you don't have. And the money that you do, use it wisely because you never know when you'll have it." Learn the discipline of "DELAYED GRATIFICATION". Aside from that, I think the reason why people get corrupt or get into crime it's because they think that stealing and having more money is the goal. The real rich people in this world are the ones who are rich in family values, character and wallets. Those capitalists who strived to take themselves out of poverty through hard work and wise financial decisions. They didn't steal, they simply became wise, resulting in more money for them. 3. Save money - In this day and age, it is important to save. Even that I don't have to explain to you. 4. Be financially literate - Learn about money. Sometimes, we focus too much time in learning things that we know too well already. Why not learn something that we don't. Master how to manage your money. 5. Decide what to do with your financial future - Whether as an employee, self-employed individual, businessman or investor, decide what you want and what will make you happy. If you're already contented with your status, stay as an employee or self employed person. If you want to achieve wealth, strive to become a businessman or investor. Wealth is a journey not a goal. The moment you start thinking correctly, money will stick to you like a magnet no matter where you go. |
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