Wealth and How Money Influences Peoples Lives Essay -- Wealth Money F

Wealth and How Money Influences People's Lives Some people generate an adequate living working for others, some do quite well, while many people don’t do well. It is estimated that less than 16% of Canadians have more than $100,000 in their retirement funds while 38% have less than $10,000. Using money to make money is more likely to generate success. Using assets to generate wealth is likely to generate financial success. This is the principle in whihc my group is is based upon. Kiyosaki explains money does not calm your fears when desire forces you to spend. You have to avoid the trap. Rich people often have a fear of losing it all. A job is a short term solution to a long term problem. You must master the power of money. When the donkey drags the cart with the carrot on a stick in front of him, the driver is getting where he wants. For the donkey it’s an illusion. What intensifies fear and desire is ignorance. To spend your life in fear and never exploring your dreams is cruel. Just as in my business of MJM Productions. Instead of looking at how much certain ventures will cost, we must look at the posibilities which will occur as a result of that venture. Money does not calm your fears when desire forces you to spend. You have to avoid the trap. Rich people often have a fear of losing it all. A job is a short term solution to a long term problem. You must master the power of money. When the donkey drags the cart with the carrot on a stick in front of him, the driver is getting where he wants. For the donkey it’s an illusion. What intensifies fear and desire is ignorance. To spend your life in fear and never exploring your dreams is cruel. Just as in my business of MJM Productions. Instead of looking at how much certain ventures will cost, we must look at the posibilities which will occur as a result of that venture. Therefore it is essential that the accumulation of money does not blind me and my cohorts from our prime objective of empowering ourselves. Choose your thoughts. Think long-term and ask yourself: "Is this the best possible solution to my problem?" There is an old expression that "I am too busy working to make money." When you are too busy, you miss many opportunities. You often go into a restaurant and see a lot of things done wrong. Why can’t the manager see these things? Because he is too busy working IN the business ... ...before you pay any other bills. Then you will be motivated to find the money to pay all the other bills. Look after number one. Choose friends carefully. The power of association. Learn from all of them, whether they have money or not. When I seek out people who have money, I am not after their money but their ideas. Don’t listen to poor or frightened people. Wise investors buy an investment when it’s not popular. They know their profits are made when they buy, not when they sell. You become what you study. So, if you are tired of what you are doing and not making enough money, change the formula. This was a key factor in creating a sucessful business. Only by having co-workers which are dependable will ones business flourish. Be an "Indian Giver". Put your money into an investment and when it goes up, take your money back out and do the same again. If you buy some stocks and they go up in price, sell enough to get your original investment back and repeat the process. Assets buy luxuries. When the asset is generating surplus cash flow, then you use that surplus to buy the luxuries. Or in terms of this project, 50% goin towards a college education instead of luxuries.