Who is rich? People who have high bank balance and luxurious homes and cars are rich? Unfortunately, the distinction between rich and other is not so simple. What really make rich people different from others is their thought process about money.
Generally common men know only one way of making money. They do their job and earn paycheck. But rich people know many ways of making money. Not necessarily that all ways make lots of money for them. But cumulative value of all the ways of making money becomes a substantial value.
Bottom line is, rich people are not dependent on only one earning source. This is the science of getting rich?
Yes this is the basic philosophy. But more needs to be done to execute this theory to perfection. It will not be wrong to say that the thought process of rich people make them so.
Rich people and others, both have strong desires to get rich. But rich people are more passionate about getting richer. Rich people also know the science of getting rich. Common people just have ‘desires‘, they have no action plan. Having no action plan and just holding strong desire is of no use.
It is essential for people to desire, and convert those desires to meaningful action. Rich people know this trick very early in their life.
The science of getting rich
People must be mentally ready to implement the process of getting rich. Some people have natural ability to handle money better. For them getting rich is comparatively easier. But there are less people who are born with such mind sets. Majority need to learn and develop the science of getting rich. Lets see few thought processes that makes a person rich.
Have an eye for investments
Suppose you see a house in your locality being sold at 70% of its market price. Would you go ahead and buy it anyways? More often than not, common men get excited seeing the opportunity but soon the excitement bubble burst. The reasons for getting disinterested may be lack of funds, not being prepared, lack of requirement etc. But will a rich man behave like this? Most certainly, he will do everything to grab the opportunity. Rich people have an eye for investment. An asset which is available at such discounted price levels will never be spared alone. It the opportunity that rich people grabbed in their life times made them rich.
Give yourself stretch targets.
If gymnasts do not stretch enough, they will never perform the way they actually do. Similarly in personal life as well, giving oneself stretch targets is necessary. Improvements will happen only if one has ‘desires to improve’. This desire for improvement is like stetting ‘stretch targets’. Earn more, spend less, invest more, earn higher returns, book higher profits etc can be few stretch targets for potential rich people. This are actually the science of getting rich where people push their brains to achieve better. Living in comfort zones will eventually leads one to mediocrity.
Increase your productivity of work.
What average people do to make money? They work hard for a month and eventually earn the paycheck at the end of month. But rich people do not work like this. The put same efforts as common men. Some rich people probably work harder than common men. But in order to get rich, doing hard work is not the key. The idea is to do productive work. Every work that rich people do generates more money for them. Rich people can actually correlate their effort with the money they generate. Some people has hazy correlation, hence they are less rich. Some people has very clear correlation, hence they are richer. This is one reason why rich people can work hours all together without getting tired. This clarity that, the more they will work, more money will flow in makes them extremely productive. This is perhaps the most important science of getting rich.
Move out of the comfort zone.
Doing a job is a good thing. But people start becoming too comfortable in their job. Getting comfortable means, people take it for granted that no matter what happens paycheck will come at the end of the month. The higher is ones paycheck, more comfortable the person gets. The science of getting rich tells people to move out of their comfort zones. One must have atleast two source of income. One is paycheck and other should be like income from investments, small business etc. If one wants to become rich, they must develop an alternative source of income. Remaining in job and earning paycheck can never make one really rich.
Never doubt that you too can be a millionaire.
Rich people think differently about money. This is a fact. But what makes them really different is their belief that they deserve to be rich. They keep pumping-in positive thoughts and keep getting ispired. Before rich people made their first dollar, they knew that they will become a millionaire one day. But what makes rich people so optimistic and upbeat? Rich people not only dream, they keep converting their dream into reality by implementing their ideas. Some ideas fail, some ideas click. But they never stop on setbacks or laurels. They only know one thing, the day they stop trying they will stop getting richer.
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