The first thing you will need is to get motivated. Unless you get motivated, unless you know WHY, You don’t put the time and money effort to succeed. First you need to find the reason WHY. WHY would you want to change your present situation and do something extra, like investing.
It’s not your fault, because we all are daily bombarded by negative news from various media, which influences our way of thinking. The bad news sells. So, if we want to get ahead in life we need to detach ourselves from these negatives and focus on our goals in life.
You need to make a list of goals, the reasons you would like to achieve by investing. For example:
- Private school for your children
- Wedding for your daughter
- Retired income
- Holiday home
- Periodic travel
- Have your own business
- Earn extra income
- More spare time
- Help others
- Leave Legacy
- Be financially independent
You may not be any of these or you may have several goals.
Once you make and find the reason why, you need to start investing in yourself first. You need to work on your personal development. There is no such thing as a free ride or something for nothing. So, unless you are prepared for this, forget the whole thing and continue in your present stage. You will probably need to adjust your way of thinking as well. Many people play a victim:
– They blame others
– They find excuses
– They are in denial
People who are rich think differently than people who are poor. Here are examples:
How Poor People Think | How Rich People Think | ||
1 | Believes in financial scarcity | 1 | Believes in financial abundance |
2 | Earn money by doing what they don’t like to do | 2 | Earn money by doing what they love to do |
3 | Equates money with stress | 3 | Equates money with peace of mind |
4 | Financial markets are driven by logic and strategy | 4 | Financial markets are driven by emotion and greed |
5 | Focuses on pleasurable activities | 5 | Focuses on money making activities |
6 | Focuses on saving | 6 | Focuses on earning |
7 | Hard Work = wealth | 7 | Leverage = wealth |
8 | Has lottery mentality | 8 | Has an action mentality |
9 | Lives beyond their means | 9 | Lives below their means |
10 | Money is earned through labour | 10 | Money is earned through thought |
11 | Money is root of all evil | 11 | Poverty is root of all evil |
12 | Plays it safe with money | 12 | Takes calculated risk with money |
13 | Rich are obsessed with money | 13 | Rich are obsessed with success |
14 | Road to riches is via formal education | 14 | Road to riches is via specific knowledge |
15 | Sees money as a weapon | 15 | Sees money as a tool |
16 | Their thinking is unrelated to their net worth | 16 | Knows that thinking is catalyst of all results |
17 | Think about spending | 17 | Think about investing |
18 | Thinks small | 18 | Thinks big |
19 | Waiting to be rescued from financial mediocrity | 19 | Knows no one is coming to rescue |
20 | Worry about running out of money | 20 | How to make more money |
Now, when you see the difference, you may like to begin with the Mini Course “Properties for Profit” and start making some positive changes in your life.