Why are some people richer than others? What makes you deserve a greater wealth?
Dennis was sharing with us that the wealth of a person depends on how big his container is. Everyone has a container and it relates to the ability of the person to attract wealth. Essentially, his message is that we need to know the principle of Be-Do-Have. We need to be the kind of person to command $1 million first, before we can have $1 million. On the contrary, most people will only dream about having $1 million, and it often remain as a dream.
We need to ask how would a millionaire think and behave? Compare to our thinking patterns and behaviour, how far are we from a millionaire? What are the wrong perceptions we need to remove? What are the new beliefs that we need to adopt? What are the skills require to get to that level? What are the bad habits that we need to unlearn? You should know by now that the focus is about becoming a better person. The wealth container will grow as you turn better and the more money you can command.
[Free Ebook] How should you invest your first $20,000?
We asked 14 Singapore finance bloggers to share what they would do if they could go back in time and invest their first $20,000. They can no longer rewind time, but you can learn from their experience and hopefully start with a better footing.
Imagine Employee A is someone who always bitch about work, his colleagues and his boss. Everyday he shows no interest in work, he take lengthy coffee breaks, read newspapers, gossip with colleagues, shuns work, unwilling to help others and produces very little. Meanwhile, Employee B takes work seriously and focuses on completing his tasks. He even extends his helping hand to colleagues, or in fact, doing Employee A’s work. If you are the boss, who would you promote? Who would you give more bonus to? You will not promote him unless you really favour Employee A. Hence, it will not be long that Employee B will be rewarded for his efforts. Even if he is not recognised in his workplace, he could take with him his experience and work ethics and contribute elsewhere readily. He may even be poached by other companies. Employee B will pass any interview with flying colours because he will be able to display confidence and knowledge in his expertise. Employee B’s wealth container is bigger than Employee A’s. Overtime, Employee B will have a greater wealth as compared to Employee A’s. Compounding effect works in this aspect too.
The message is that we need to focus on ourselves, adopt the right mindset, behave the right way, and wealth will find us. Or like T.Harv Eker said to focus on the roots and not the fruits. You cannot change the quantity and quality of fruits (money) if you do not change the roots (thinking). People do not like to hear what is wrong with them. People are resistant to change. And that is why their wealth container don’t expand.