4.) THE RICH MIND THEIR OWN BUSINESS: FINANCIAL STRUGGLE IS OFTEN DIRECTLY THE RESULT OF PEOPLE WORKING ALL THEIR LIFE FOR SOMEONE ELSE. MANY WILL HAVE NOTHING AT THE END OF THEIR WORKING DAYS.
PEOPLE GO TO SCHOOL TO BECOME ENGINEERS, SCIENTISTS, COOKS, POLICE OFFICERS, ARTISTS, WRITERS, AND SO ON. THESE PROFESSIONAL SKILLS ALLOWS THEM TO ENTER THE WORKFORCE AND WORK FOR MONEY.
THERE IS A BIG DIFFERENCE BETWEEN THEIR PROFESSION AND THEIR BUSINESS. OFTEN WHEN PEOPLE ARE ASKED, "WHAT IS YOUR BUSINESS?" AND THEY WILL SAY, "OH I'M A BANKER." THEN WHEN YOU ASK THEM IF THEY OWN THE BANK? AND THEY USUALLY RESPOND, NO, I WORK THERE." THEY HAVE CONFUSED THEIR PROFESSION. THEIR PROFESSION MAY BE A BANKER, BUT THEY STILL NEED THEIR OWN BUSINESS. THEY SPEND THEIR LIVES MINDING SOMEONE ELSE'S BUSINESS AND MAKING THAT PERSON RICH. INSTEAD OF USING THEIR SALARIES TO BUILD THEIR OWN BUSINESS.
THAT IS WHY WHEN THEY WANT TO INCREASE THEIR INCOME, WE HEAR SO OFTEN: "I NEED A RAISE," "IF ONLY I HAD A PROMOTION." "I'M GOING BACK TO SCHOOL FOR MORE TRAINING SO I CAN GET A BETTER JOB." "I'M QUITTING IN 2 WEEKS SO I CAN GET A BETTER JOB." "MAYBE I CAN GET A 2ND JOB." I'M GOING TO WORK OVERTIME." "I FOUND A JOB THAT PAYS MORE, I'M QUITTING IN 2 WEEKS."
THESE EXAMPLES WILL HELP BECOME FINANCIALLY SECURED ONLY IF THE ADDITIONAL MONEY IS USED TO PURCHASE INCOME GENERATING ASSETS.
IF YOU DON'T KNOW HOW TO RUN A COMPANY, GO AND LEARN. OR DON'T WORRY, JUST KEEP YOUR JOB, BUT USE PART OF YOUR SALARY TO MIND YOUR OWN BUSINESS. SINCE YOUR BOSS CANNOT MAKE YOU RICH.
AS YOUR CASH FLOW GROWS, YOU CAN BUY SOME LUXURIES. RICH PEOPLE BUY LUXURIES LAST, WHILE THE POOR AND MIDDLE CLASS TEND BUY LUXURIES FIRST. POOR/MIDDLE CLASS OFTEN BUY LUXURY ITEMS SUCH AS BIG HOUSES, DIAMONDS, FURS, JEWELRY OR BOATS, BECAUSE THEY WANT TO LOOK RICH. THEY LOOK RICH, BUT IN REALITY, THEY JUST GET DEEPER INTO DEBT ON CREDIT. THE POOR AND MIDDLE CLASS BUY LUXURIES WITH THEIR OWN SWEAT, BLOOD AND CHILDREN'S INHERITANCE. THE RICH BUILD THEIR ASSET COLUMN FIRST. THEN, USE THE INCOME GENERATED FROM THEIR ASSET COLUMN TO BUY THEIR LUXURIES.
SO WHAT KIND OF ASSET DO THE RICH ACQUIRE, THEY ARE:
1.) BUSINESSES: IT DOES NOT REQUIRE YOUR PRESENCE. YOU OWN THEM, BUT THEY ARE MANAGED AND RUN BY OTHER PEOPLE. IF YOU TO WORK THERE, THEN IT'S NOT A BUSINESS, IT BECOMES YOUR JOB.
2.) STOCKS
3.) BONDS
4.) MUTUAL FUNDS
5.) INCOME-GENERATING REAL ESTATE
6.) NOTES (IOUs)
7.) ROYALTIES: FROM MUSIC, SCRIPTS, PATENT
8.) ANYTHING THAT HAS VALUE, PRODUCES INCOME OR APPRECIATES AND HAS A READY MARKET.
CONCLUSION: PRAY! AND WHEN YOU PRAY, BELIEVE IT HAS ALREADY BEEN ACCEPTED, THEN GET UP AND APPLY EXACTLY WHAT THE RICH DO TO INCREASE YOUR LUCK.