I'm going to talk to you about why so many people are broke, why so many people
are poor, why so many people are not living the life of their dreams. Why are
so many people poor? Why so many people are broke?
And most people will answer that question well, because they're not earning enough money, because they're not making enough money and actually, that's not it. That's not the main reason why lot of people are broke, and they stay broke. That's the most important problem. And the reason why that is, is because of what do these people buy with the money that they make. So even if somebody is making not a lot of money, even if somebody is not earning a lot of money, it's important to see, what do they buy with that money? And poor people or broke people, very often, they buy stuff.
As soon as they made money, they straightaway spend it on stuff, because it's so cheap, because of whatever. It's all about keeping up with the Joneses, buying the brand new car that you can't afford really, living in the house that's really too big that you can't afford in that area, but you have to show people that your status, buying the clothes.
People buy that stuff to impress people who don't really care about it. Most people are not going to care about the car you drive or the house you live in, or the brand name of the clothes you're wearing but people get so caught up in that, buying all the brands and the latest phones and the latest this and the latest that in order to show off in front of other people and keep themselves broke and keep themselves in the situation where they are.
If you look at rich people, they don't do that. They just don't do that. Do they have some luxury in their life? Yeah, they have some luxury in their life, but they don't really flash off, they don't really show off that, oh my Gosh, look I've got Brad, I’ve got Gucci.” And they've got the money, they could buy that stuff, but they don't really care about that stuff. Instead, most wealthy people, most rich people, they reinvest the money. So when they make the money, unlike the broke people, unlike the poor people who as soon as made the money, they’re off to the shops, they’re off to spend the money, they have to splash out, they have to the pub and so on to get rid of that money. What wealthy people do, they invest that money.
So one way of investing, straight away you're probably thinking, well, they are investing, like in shares and stocks and real estate and that's true, but also wealthy people invest in themselves. So instead of spending that 500 pounds on a Gucci handbag, they go and buy a course that will educate them and help them to make even more money. They go and hire a coach that will educate them and help them to make even more money, they go and attend the seminar, which will educate them and help them to make even more money.
They invest in other businesses, they invest in passive income streams, they invest in things that's going to generate even more money, instead of just splashing it on things, to impress the neighbors to impress their friends. Look at my face inch plasma TV. I heard somebody said that the bigger your TV, the smaller is your income in your house. Jim, Ron used to say, “When I come into somebody's house, I look at the size of their TV, and I look at the size of their library, and it tells me everything I need to know about that person.” So if the library is small, and the TV is huge, you know who you're dealing with. If the TV is small, but the library is huge, again, you know who you're talking to.
So it's not about how much money you make, but it is what you do with that money. So even if right now, you're not making an awful lot of money, even if right now, you're not a millionaire it's okay, but what do you do with that little money that you're earning? After you paid your bills, after you paid your food, after you paid your petrol with what's left, what are you doing with that money? Are you going and splashing out? Are you spending it on bare? Are you spending it on books? Are you spending it on courses? Are you spending seminars? Are you spending it on mentors? Are you spending it investing into home based businesses that you can start with a couple of hundred pounds and start making extra income into your household, with that extra income, then you can go and invest even more and make something out of it.
Did you realize that most millionaires nowadays are first generation millionaires. They’re not old money, they’re not that they inherited millions from the parents.Yeah, there are some people like that, but majority of millionaires nowadays are new money. Are people who are first generation millionaires, so their parents, they were just ordinary people, but they become millionaires. Why? Because they learn these things, because they apply these things and because they go and change their mindset, and they go on a hustle, they go and use the money wisely.
So that's my message for today. Don't be like poor people. Don't be like broke people. As soon as you making money, spending it on all sorts of rubbish. Focus on growing your financial freedom; focus on building a financial wall around your family that nothing can get through. That's my wish for you for today.
That’s my training and tip for you. Hope you got value some value in this blog post, if you did, feel free to share it with other people. If you would like more amazing trainings check out “Network Marketing Success Training” group http://titaniumsuccess.co.uk/successtraining.php. There are 10 amazing lessons in this training course that will help you get the breakthrough in your business!
Yours in success
In : Personal Development
Tags: what to do with your money in business