This is INSIGHT 7 from a set of rules about how to get rich
One thing I have realized is that whoever you are and whatever you do – there is no escape from money. Everyone has credit cards, bank accounts and even loans.
We deal with money every day
Almost every person on this planet has to deal with money on a daily basis. So why are some people well off and other people not?
It’s because for some people money is an enemy and for others it is a friend.
Money as an Enemy
Money has no feelings. This means that whether money is your friend or enemy is entirely up to you.
The people who have trouble with credit cards and who spend way more than they can afford are not friends with money. In fact – for them money is an enemy. The more money these people have the more problems they will get into.
Make money your friend
If you are one of those people who have constant trouble with money you should take action to make money your friend.
You should understand this
It is not money that controls you, but it is you who has the power to control money.
Changing the relationship between you and money can be the start of your first million.
Take your life into your hands
If you are serious enough and want to get rich, then deciding do become rich is the first and single most important thing that you need to do.
Everything that comes after that is still going to be difficult but it wouldn’t be there if you hadn’t decided to become successful in the first place.
Develop entrepreneurial thinking
Changing the way we think about money can be difficult. A good way to start is to think about the everyday things you do and how much money they will make for someone else.
If you drive to work every day and need to pay 1 dollar at the toll booth you can do a fast calculation in your head. Lets say you estimate that 50 cars drive through the toll in a minute. This means that it makes someone $50 in a minute or $3000 an hour. That’s $77 000 a day (minus expenses).
Lets say that you have lunch at McDonalds every day (this is America after all ). You can count the number of people in the restaurant, make an estimate about their daily visitors and calculate their approximate daily cash flow. After a little practice you can probably have a pretty educated guess about their profit as well.
These mental calculations can at times be rather far off from what a company is actually making but the more you practice the better you get. Eventually you will be able to spot good money making opportunities in minutes.
Keep your eyes open
Always be on the look out for ideas that you have not seen before. That’s the main reason I like traveling – You get to see a lot of new things that someone is successfully using to make themselves some money. Whenever I see a business like that, I automatically calculate how much it roughly makes! I recommend you do the same.
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