I started my success awareness journey one lazy Sunday afternoon back in 2012, I was going through some old books in our old broken house and I picked up a dusty little book entitled “Think and Grow Rich” by Napoleon Hill. This book started it all, I began seeing things in a new perspective, it’s no longer just about making money, it’s about setting a goal for yourself and seeing yourself achieve those goals. Start with providing valuable service to the people first, and then the money will come.
The first part of this book talked about a man named Andrew Carnegie, since I never heard of him, I did I little research and found out that this man is one of the richest who ever lived, and also one of the greatest philanthropist of his time. When Andrew Carnegie died, they discovered on his desk a sheet of paper where he wrote one of his major goals in his life: To spend the first half of his life accumulating money and to spend the last half of his life giving it all away! And he did! He gave away $350 million in his lifetime, and this is a very large amount of money in the early 1900’s.
If you want to die rich, you are missing the point. Our goal should be to experience the thrill and satisfaction in accumulating wealth and increasing our net worth and then when the time comes strategically give or gift It all away to our children while we are still alive and able to experience the appreciation. “With pre-mortem gifting, you can enjoy giving to your choice of deserving individuals or charitable causes while you are still alive to enjoy the pleasure and satisfaction. You can gift to your children when they have the greatest need and can benefit the most from your generosity, whether it is for their advanced education, their wedding or their first house, rather than having them receive the inheritance by default when you die and they are middle-aged adults.”
Most of us, if not all, wants to be rich. We work hard and save our money but most savers become victims of their own delayed gratification. They fail to realize that money in the bank are just electronic numbers that represents your time, work and effort. They then become fearful when it comes to spending and in result live a poor life.
But how do we get started on wealth accumulation? Nobody wakes up in the morning thinking “I’m going to learn about stocks today!”, People wake up and say “I want to be rich”. They instantly want the result, they don’t want to hear the steps towards getting the desired outcome. They want the ripped six-pack abs instantly, they don’t want to do the thousand sit-ups needed to get those abs. In a world where everything is instant, from noodles to coffee. We are conditioned to think that success can be achieved instantly. We need to change that mentality.
We always complain about money “I’m so broke” “I’m not saving enough”, but we don’t even take the first step into solving this problem. Most of us haven’t even read a single book about personal finance. Talking about it is the first step, figuring out where you stand financially and setting a goal is a start. It’s difficult to start a journey if you don’t know where to start and it’s impossible to reach a destination if you don’t know what it is. The greatest of failure is not being able to reach a certain goal, but not having one.
This year, we need to take care of our finances, so that we could focus our attention on things that really matter. 2015 will be the year we turn things around. This year, we will take charge of our financial future, so that we won’t die rich but we start living a rich life.
by: Alden Paul E. Yburan
Flea Trainer / Founder of SmarterPockets