Saturday 29 November 2014

MIND YOUR OWN BUSINESS

                In one of my previous post, I said i will throw more light on this particular vital point "MIND YOUR OWN BUSINESS". If you are somebody that wants to be rich, then you need to mind your own business. Rich people mind their own business and not the other way round, minding the business of other people. Some people think living in a big mortgaged house, riding in a car bought by the company they are working for, a car they took loan to buy, taking loans to pay their bills and also depending on their monthly salary to do everything do not mean you are rich. Remember your boss's job is to give you job and it's your     job to make yourself rich. The main reason most people are lacking behind is the mentality they are having. From generation to generations, we are taught in school to work for money. Do you remember the time you were in school, a teacher came to class to ask you what you will like to do in future and the answers given were; doctor, attorney, nurse, soldiers and the others. Our current educational system focuses on preparing today's youth to get good jobs by developing scholastic sills. Their lives will resolve around their wages or their income column. And developing scholastic skills, they go on to higher levels of schooling to enhance their professional abilities. They study to become engineers, scientists, cooks, doctors, artists and so on. These professional skills allow them to enter the workforce and work for money. Anytime my friends set their eyes on me reading books on how to make genuine money, they become agitated. They do this because their main aim in school is to complete at the fastest rate and enter the workforce and work for money-surprising, when i try to engage some of them in conversation, to educate them on how our lives will be after school and few examples people making it without school but with their mindset, both locally and internationally, some buy my idea and the others who think I’m nobody to advise them, leave it to me they do not know what they are doing to themselves. There is a big difference between your business and your profession. Often you ask people, “what is your business?". And they will say "oh I’m a banker”. Then the funny thing is that, when you ask them if they own the bank, then they respond "No, I work there'. In that instance, they have confused their profession with their business. Their professional may be a banker, but they still need to mind their own business. A problem with school is that you become what you study, say if you study law, you become a lawyer/attorney and a study of medicine makes you a doctor. The mistake in becoming what you study is that too many people forget to mind their own business. They spend their entire lives minding someone else's business and making that person rich. To become financially secure, a person needs to mind his/her own business. Your business resolves around your asset column, as opposed to your income column. The main thing is to know the differences between an asset and a liability and to buy assets. The rich focus on their asset column while everyone else focuses on their income statements. That is why we hear so often: "I need a raise". If only I have a promotion" I am going to back to school to get more training so I can get a better job". "I am going to work overtime". "Maybe i can get a second job". I'm qualifying in two weeks "i found a job that pays more". In some circles, these are sensible ideas. Yet still you are not minding your own business. These ideas all still focus on the income column and will only help a person become more financially secure if the additional money is used to buy income generating assets. The primary reason the majority of the poor and middle class are physically conservative-which means," I can't afford to take risk", is that they have to cling to their jobs. They have to play it safe. If you want to be rich, you have to mind your own business. The only thing that can help you achieve that is your mindset. The world has shown as us that, your mindset can help you. People like Bill Gate, Michael Dell and Henry Ford used their mind. Though they were surrounded by people who thought minding the business of other people that makes you rich, they still went ahead, followed their hidden thoughts and made it bigger.

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