The 8 Myths About Creating
Wealth
The 8 Myths About Creating Wealth
by Nikola Grubisa
You have probably read or heard about various myths (these are the
truths that are valid only for certain cases, but not in general)
surrounding wealth and wealthy people, all of which hinder your
quest for financial independence. Here are the most common and most
destructive:
Myth No. 1: How much you earn depends on how hard you work
If this were true, then the physical, blue-collar workers, who have
been working hard for years, would have been the wealthiest people
on earth. Of course, this isn't true. They form most of the workforce
and the vast majority of the middle-class.
If you witnessed your parents coming home tired from a long day's
work in your youth, you probably learned that money wasn't a sufficient
reward for all that effort. People who work "just" for
the money often have debts because they comfort themselves with
whatever they can buy, beautiful things they lack when working.
Myth No. 2: Being paid for something you enjoy isn't work
and you shouldn't ask for money for doing something that is enjoyable.
Check this with millionaires. They all have so much money that they
don't need to work anymore. Nevertheless, they work for other reasons,
challenge, satisfaction, fullness of life, activity, fun ... and
all are connected to a love for their work. If there was no joy
in doing a certain task, they would do something else that would
make them much happier and that enables them to realize their dreams.
In fact, if you don't enjoy your work, you will never become wealthy
doing it! However, just because you enjoy your work doesn't mean
you shouldn't get paid for it - in fact, that is the ultimate goal,
to get paid for what you already enjoy so it never feels like you
are at work!
Myth No. 3: You need to be in the right line of business
to amass wealth
Do you think so? This must mean that all the people who are involved
in the same business are millionaires. Of course, this isn't true.
In each business there are winners and losers; winners abound, even
in businesses that consist of distasteful (to most) or "impossible"
work like sweeping the streets, collecting the trash, working in
a factory, pumping gas, selling newspapers, etc. On the other hand,
there are just as many "losers" in businesses like selling
real estate, management or being a stockbroker.
Myth No. 4: You need the right education to make a fortune
Are the most educated people really the wealthiest? Not at all!
In this case, university professors would be the wealthiest people
on earth. Ask them about their salaries, if you get the opportunity.
The truth is vastly different - the wealthiest people are those
who can convert their knowledge (or education) into money, in the
best possible way. They can be highly educated people (like inventors,
scientists, etc.) or almost ignorant.
Being formally uneducated does not equate to poor performance on
the job or the inability to form a strong enough vision to carry
a person to success - they can easily be experts without having
a formal education.
Myth No. 5: It used to be easier
Statistics show an increase in the number of millionaires in the
world every year. Talking about the "good old times" only
offers comfort and a convenient excuse. If you look around, you'll
see there are people who behaved the same way in the "good
old times" as they do now, yet their success has been recent.
With technology and progress come new ideas, desires and needs and
there are more business opportunities appearing daily to serve them.
Myth No. 6: I'm too old (young)
If you research the life stories of some of the most successful
people, you'll see that this isn't true at all. Some became wealthy
early in their lives (perhaps from the stock market), while others
found their fortune in their old age. Ray Kroc, was more than fifty
years old when he bought and made the first McDonald's.
Myth No. 7: I don't have enough money to start. You have
to spend money to make money.
This is no different from any other excuse or "myth."
Like the others, it's obvious this one isn't true either. Many have
made their fortunes starting from scratch, living in an apartment
or working out of their garage and yet, they developed business
empires that are worth billions of dollars today. The other elements
of success are far more important than having seed money to start
a business.
But yes, often money helps and it certainly doesn't hurt. Like everything
else discussed in other myths: it probably helps, but it is not
always necessary.
Myth No. 8: I'll begin when I know everything
Do you believe that you will know everything someday? Or even that
you'll know enough to ever be "really prepared now?" The
more you learn, the more you see what you still need to learn. Success
and obtaining wealth is a dynamic process. Even if you "could"
come out of the gate knowing everything there is to know, some of
those elements will change immediately and many will change rapidly.
If you don't decide now, nothing will happen. Live and learn.
Some millionaires have even allowed themselves to go bankrupt and
then (even faster) recreated their wealth, sometimes even greater
than before. Money itself isn't the obstacle that is keeping you
from being wealthy. If you're really good in your business, don't
worry, because someone that will offer you money (a bank or business
partner) will appear who will appreciate your talent knowing you
are a very good investment opportunity. But you can't sit around
waiting for this - make it happen.
Exercise "taking action" as much as you can. Make your
workplace better or more efficient. After all, even if someone else
signs your paycheck, you really work for you. Even if you are an
employee in a large corporation - it isn't your corporation - but
it is the only corporation through which you can prove what you
are capable of right now.
All of us have what it takes to become a millionaire! Born winners,
yet few of us know how to take advantage of and cultivate the possibilities
hidden inside our own mind!
No one can ever grant you greater potential than your heart already
holds…you need only discover its contents to find the one
true path to your success in life. Born with the seeds to our success,
the greatest decisions must always come from the inside! You will
discover a new, deep well of fortune – yourself!
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Nikola Grubisa is a European Marketing and HRM Consultant and the
co-author of a European bestseller "The
Millionaire Mindset: How to Tap Real Wealth from Within".
If you are wondering how top marketers are marketing in Europe and
at the same time want to discover the path to true wealth, please
subscribe to his new free eZine "The Millionaire Weekly Memo".
Click
here
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