How To Build Wealth The Right Way
Wealth is the accumulation of valuable financial assets or physical possessions that can be converted into a form that can be used for transactions. Wealth is a direct consequence of the mind-set and attitudes about money that most of us struggle with today.
There are a lot of ways one can take on the path to building wealth. However, using a journey as an analogy, the most vital part of the journey is preparation and packing for the journey. Think through this statement: “If you don’t know where you are going, any road will get you there.” The following points will help you to discover how to build wealth in the right way successfully.
Know What You Expect
Knowing what you expect as an individual pursuing to build wealth is very important because just as a traveler knows his destination before embarking on a journey, you also will know the kind and quality of wealth that you need to build. In the case of a traveler, after he determines his expected destination, he devises ways and means of arriving at that destination. And not only that, but it will also give him a clear picture of the mode of transport to use to get where he expects to be. The same applies to you as you endeavor to build wealth, when you know the kind of wealth that you want, it will become the wealth that you expect to have. But since wealth is not a miracle in the sense that you don’t just expect to have it because you want it so much, but it is something that you can work out.
Arriving at your destination from traveling is the summation of every step taken between the time when you realized you have to travel and the time when you arrived after you embarked on the journey. Every step in this process is important.
So it is not just being expectant. It is not just determining what you want, but it is doing what you need to do to get the expected outcome.
Learn From Wealthy People
Learning from wealthy people is a brilliant thing if you are building wealth. These wealthy people have gone ahead of you i.e. they know how to build wealth by study and by experience. And their experience is the best teacher they can use to teach you. Learning from those that have gone ahead of you has a great advantage. One advantage is that you will not make the same mistakes they made while they were building their wealth.
The Bible in proverbs 13:20 says “He that walks with wise men shall be wise…” This verse reveals the secret of building wealth through learning from wealthy people. The Bible is telling us that if we walk with the wise men, we shall be wise. This means initially, we are broke, right? So if we are broke and we want to become wealthy, we just have to walk with the wealth and become wealthy as we want. Now, look, if we who are broke walk with the wealthy in wanting to become wealthy then the wealthy need not walk with us because if they walk with us they will become broke just like us. So this walk is not a walk that people can see that you who is broke is walking with the wealthy at this particular time. I mean you don’t have to be with the wealthy to become like them but you just need to walk with them.
So then how do you walk with the wealthy if they need not walk with you? You simply walk with the wealthy in the words which they speak through reading their books. There are certain words that they speak that carry the spirit of wealth.
You have to walk with wealthy people, they don’t have to walk with you meaning you may not even have to meet them in person but all you need is their words on wealth. Make use of their words, let their words become part of you and you will see change with your life.
Remember, the walk is in words. Like you get to be in a position where their words can enter you. Every word that is spoken carries with it the energy from the spirit of the one that is saying those words. And once you hear these words, it is like you have received certain energy from them that propels you to begin to vibrate in resonance to the energy source. (Ezekiel 2:1)
There is no separation between the spirit of a person and the words they speak. Whenever you receive their words, it is like you are receiving their spirit. So in a nutshell, when you receive the words of a wise man, in essence, it is like you have received the spirit of a wise man, the spirit of wisdom.
Invest In Knowledge
Knowledge is the most important thing in every endeavor. It is the pillar that raises the ability of man. An investment in knowledge is an investment in man’s potential because man will only be able to do according to what he knows. He cannot do beyond what he knows. Benjamin Franklin said, “An investment in knowledge pays the best interest.”
It is imperative to note the undeniable truth that knowledge precedes actions. And nothing can be done without the corresponding knowledge. Whatever a man can do can be traced to the kind of knowledge that he has. So when one is on a journey of investing in knowledge, he is indirectly investing in his abilities.
Because you cannot go beyond what is known to you, you have to invest in the corresponding knowledge — the knowledge that is related to what you want to achieve. You want to build wealth, get books about wealth, attend seminars that talk about wealth creation. Because unless you know how to create it, you cannot create it.
Knowing wealth is the best preparation for acquiring it. Ask the wealthy people and you will realize that they were well aware and knowledgeable about the kind of wealth they needed to create before they ventured into wealth creation activities. It must also be known that knowledge prevents regrets because it enables man to have a clear map of where he is and where he wants to be.
Invest In Yourself
This is an interesting and powerful kind of investment that a lot misses to involve themselves in. They can invest in every investment there is but forget to invest in themselves. An investment in yourself involves investing in your spirit, mind, and body.
An investment in your spirit is needed to maintain the sanity of man and to increase his energy in his drive. An investment in your spirit would involve doing meditation, or yoga. This will make you focus on the very thing that you want.
The mind is responsible for the cognitive abilities and it is the processing power, memory of the entire system of man. An investment in the mind's integrity would mean increasing the cognitive ability and memory capacity that an individual will be able to retain to memory the knowledge and information that he acquired.
It must be noted that the sanity of man is dependent upon the state of his mind. Therefore an investment in his mind will be an investment in his sanity. The investment in your mind involves you teaching something that you know to someone who doesn’t know it. Teaching is the best form of learning. Learn something new every day. Either from others or by reading. As Warren Buffet puts it, “the more you learn, the more you will learn.”
An investment in the body involves being generally healthy to be able to do the work that is needed to be done. Investing in your body involves learning a physical skill, e.g. dancing, boxing, football, and basketball. This will help you get all the benefits of exercise, meet new people, and build new skills beyond being able to lift an object horizontally or vertically. Traveling alone once in a while is also an investment in yourself. Either with a plan or without. Travel makes you realize a lot of things you are not aware of yourself.
In conclusion, wealth creation is possible to anyone that can follow the path to building wealth. To be wealthy is to be a testimony of the knowledge of wealth creation. To be able to build your wealth, you have to know the kind of wealth that you need and formulate plans on how you are going to word towards acquiring your wealth. Invest in knowledge, you will increase your ability to acquire more wealth. Invest also in yourself, your sanity is necessary for wealth creation.