Oftentimes at the beginning of a seminar or workshop on real estate investing, I will ask the audience how many of them are interested in making more money. In all my years of training, I don’t think I’ve met a single person who didn’t have at least some interest in increasing their income, and MOST answer the question with a resounding, “Yes!”
It’s natural to want more money, because our life experiences and our five senses tell us that having money is a good thing. In contrast, we’ve seen the struggle in our own lives or the lives of our friends and family when money is in short supply. It’s what the culture has taught us, and it’s how we have been trained from the time we were young. Make good grades so you can get scholarships to go to a good college so you can earn a good degree, find a good job, and make good money.
There is nothing wrong with wanting more money, but simply MAKING a lot of money is not the guarantee of financial stability. An even more important question than, “Do you want more money,” is the question, “WHY do you want more money, and WHAT does money mean to you?” Or asked differently, “How do you view money and what do you intend to do with it once you have it?”
In order to become a wise steward of money (and not just MAKE it, but grow it and keep it), you must become a student of money. You must understand what money means, how it’s viewed and used in society, as well as the principles of how money is made, kept, invested, and grown. It’s an entire paradigm, a philosophy that will shape your future success in business and in life. And, when you get the mindset right…your personal wealth and finances will begin to fall in line.
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