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Key steps to accumulating wealth

by MADphilips

Created on: April 29, 2010   Last Updated: April 30, 2010

CREATING WEALTH – A lasting cure to financial struggle!

“Profit is better than wages. Profit makes you a fortune (wealth) which is fine; wages makes you a needy (paycheck) which is not fine. Which of these two do you possess?”

The issue of money is a lifelong challenge; any attempt to tackle it with a short term solution will be futile. You cannot solve a long term problem by applying a short term solution. You’ll only end up where you started!

Conquering the challenge of financial struggle is not a quick fix affair. You cannot fight a chronic illness by simply treating the symptoms. You’ve got to go to the root of the illness before you can effect a permanent cure. You simply cannot cure the illness of being poor by simply injecting some funds every thirty days. If your solution to financial struggle is a constant paycheck from a secure job, then you are far from it; you’re endlessly trying to solve a long term problem with a quick fix solution. You can’t succeed!

WELCOME TO THE RAT RACE

Robert Kiyosaki, author of ‘Rich Dad, Poor Dad’, calls this mindset of trying to cure a chronic illness like financial struggle by treating the symptoms a rat race. Looking at the basic characteristics of a rat will help to shed more light on this issue. A rat is naturally needy–dependence on an external source for survival; It’ll always be in pursuit of the next meal. It knows it will always be in need of food, but can’t seem to work out a lasting plan on how to continually get food without having to worry about where the meal will come from. A rat is never certain about the next meal knowing well that it doesn’t own the source where it got the last meal. The fear of not being able to ascertain the source of its next meal keeps the rat in a perpetual race for survival.

Unfortunately, a majority of the world’s populace live their lives just like the rats; perpetually on the run for a paycheck they know will never last forever. The fear of lack of money keeps them hanging on to a source they do not really own–a job. They live their lives fully dependent on a paycheck for survival. You can never be certain of continuously getting something from a source you do not own. 

Why plan your life around a source you can never own? Why choose to pursue what won’t always be available? Since a paycheck, no matter how secure the job is, can’t put an end to all your financial challenges

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