The Wealth File

Everyone of us has a wealth file stored in our brain. This file has been created and developed since we are a child. Every experience concerning money whether it is good or bad experience will be stored there in our file. Therefore, for some people who grew up in family that always view money as evil, will tend to follow a negative pattern. Negative thinking on money such as "Rich people are bad people..", "Money don't buy happpiness..", "Rich people are not happy", "Having money will atract criminal" and so on will be stored in our file and therefore creates a self-sabotaging attitude towards accumulating wealth. Be aware of this wealth file and try to store it with good experience related to money whether through self experience or other people's positive experience. This will in turn create positive thinking about wealth and therefore translates wealth creation into reality.

Want to increase wealth? Be comfortable with uncomfortable

"The only time you are actually growing is when you are uncomfortable" - T. Harv Eker

People who are always working out in the gym and building their staminas and bodies will always exercise until their body feels the pain. They know that the body only grows when it is stretch beyond its comfortable zone and the pain signifies growth for their muscle. The same thing goes in accumulating wealth. You will never grow your wealth to an astounding limit if you are not willing to leave your comfort zone. By investing your money and taking risk, you will definitely be in the uncomfortable zone. And by being in that zone, the higher percentage it would be for you to outstrectch your wealth to the limit that you dream of.

Tuning our Motivation everyday

"People often say that motivation doesn't last. Well, neither does bathing - that's why we recommend it daily."- Zig Ziglar

"People who are unable to motivate themselves must be content with mediocrity, no matter how impressive their other talents." -Andrew Carnegie

People who plays string intruments must know the fact that their instruments need to be tune every now and then for it to be in perfect condition. They also know that if their string instrument, eg. guitar to be left unplayed for a while, it will also be out of tune. The same goes with our mind. Even if we have the necessary ingredient to achieve our goals, we need to tune the goal with motivation every now and then. By linking the goal with passion is not enough as the passion will die as time goes by. Tune the passion with positive motivation everyday and the fire that ignites the passion will kept blazing until we reach our ultimate goal.

How to leverage 10K to get 100K

From all the books that I have read about how to become a millionaire and also financial self-help books, all the books seems to be pointing to one path, invest in REAL ESTATE. No matter what the strategy is laid out in the books, it simply focuses on leveraging small amount of money to obtain a large amount of asset. No other investment can do this except Real Estate investment. The strategy is to have delayed gratification, save enough money and invest 10% as down payment for the real estate and having someone else paying off the rest of the mortgage. Seems easy isn’t it? But, then again, nothing comes easy. Perseverance, waiting for the right purchase and a lot of cheapskate attitude will determine whether you will succeed or not in making the investment in Real Estate.

A Millionaire in me

When you have set yourself a dream of becoming a millionaire, the first thing you must do is to envision the feeling of having that one million in the bank. Visualization of that feeling will actually help you to give the motivation and the push forward in acting out the necessary action in accomplishing the dream. It is all hard work to achieve the dream but there is absolutely no harm in having a feeling of a millionaire inside. As you create that strong feeling of a millionaire inside you, it is just a matter of time that you will actually become one.

The First Step towards Wealth Building: Take Risks

If you look at any successful individuals, the most common trait that you can find is the willingness of the individual to take risk. As Henry Ford once quoted “Problems and risks are the thing that distracts you from the original plan.” That’s why the more longer a person have been living on a paycheck, the more reluctant he would take the risk of leaving his job and venture into a business of his own. The more comfortable you are with your status quo, the more heavily the decision you have to make in quitting your day job. But as the status quo of the industry is also right now, not many people can get rich by just working for other people. You can only get rich by employing others to work for you. Try to rethink your current position now and probably it is high time for you to take that calculated risk and dive in towards uncharted territory.

Want to solve a problem? Get your hands dirty

Just want to share with you a very interesting story about the management principle of Kiichiro Toyoda, the founder of Toyota Corporation.

One day Kiichiro Toyoda was walking through the vast plant when he came upon a worker scratching his head and muttering that his grinding machine would not run. Kiichiro took one look at the man, then rolled up his sleeves and plunged his hands into the oil pan. He came up with two handfuls of sludge. Throwing the sludge on the floor, he said: “How can you expect to do your job without getting your hands dirty!” - Excerpt from Toyota Way

This story clearly shows that in order to fix a problem, you must be prepare to get yourself to dig into the problem even if it requires you to dirty your hand in the process.