Powerful habits that conditions the mind for wealth Acquisition

Powerful habits that conditions the mind for wealth Acquisition

By E. Stanley Ukeni

Ask most people and they will tell you that they want to be rich. However, the vast majority of people unwittingly self-sabotage their potential to accumulate wealth by holding unto certain habits that are detrimental to the accumulation of wealth. Learn to incorporate these time-tested behavior patterns into your character, and you’ll remarkably improve your chances of amassing riches far beyond your wildest dream.

Learn to say no to people

If you possess the talent and ingenuity to create products or to offer services that people would be willing to pay money to acquire or have access to, there is a good chance that family members and friends would always pester you for all sorts of assistance.

If you constantly indulge them, you’ll never be able to focus your energy enough to develop your business. It’s more likely that you’ll exhaust yourself trying to build up other rather than invest in your own ideas.

You must learn to say ‘no’ where your interests are not served. Never over-stretch yourself by timidly giving in to the demands of other, without just compensation. And if your spirit does not feel inclined to working with any one, just say no and walk away—irrespective of your relationship with them.

Learn to prioritize your objectives, and to reject any pressure to indulge whatever that is not a priority.

Most millionaires know when to say ‘no’, and they do so often.

Risk Tolerance

The average person is generally risk averse. There is a saying that fortune smiles at the bold. It is true that high risk does indeed often yield high reward. However, be aware that I’m not talking about senseless and irrational risk-taking here.

You can’t go climb into a lion’s cage at the city zoo so you can film a viral video for your YouTube TV channel. You may indeed get a viral video, but chances are than you’ll not live to enjoy the proceeds of your venture.

A millionaire mindset informs one to take deliberate and thought through risks. Always weigh the risk against the potential benefit. The risk reward equation must always lean towards a high survivability of your venture.

The rich are always inclined to step out of their comfort zone in other gain a potentially rewards new perspective or insight. Let uncertainty and challenges stimulate you to action, and not paralyze you with dread. Always remember that there are great profit to be make in times of chaos.   

Endeavor to live within your means

Never engage yourself in a lifestyle that you cannot easily afford to maintain with relatively minimal stress. One of the greatest traps of live is to get used to a lifestyle that is beyond your means to afford. I call this the devil’s snare. If you live above your means, you can be sure that you’ll never escape the cycle of debts.

Sure it’s alright to occasionally indulge in the finer things in life. This can incentivize one to work smarter and aim higher so as to be able to afford greater comfort in life. But you must never spend everything you earn on maintaining a lifestyle that neither your gifts nor talents can accord you to afford.

The rich always strive to have multiple streams of income, and they invest wisely on ventures that yield hefty return on investment. If you want to be rich, then safe more than you spend. Then invest your savings wisely. And whenever you can, buy rather than rent your living space.

Stay Positive

We are truly what we think. The ability to maintain a positive mental attitude is an essential prerequisite to accumulating fortune. Your present condition in life was molded by your past thought patterns. Your present state of consciousness will surely determine your future.

The way you think, talk and conduct yourself would literally determine if you live a life of abundance and privilege or one of mediocrity and want.

Start incorporating in your vocabulary the words that highly successful people employ in their thoughts and speeches. Some of these magical words are Awesome; Fantastic; Amazing; Great; Beautiful; Sublime; Super; Wonderful; Excellent and Incredible.

Eliminate hateful, narrow-minded and prejudiced thoughts from your mind. It would for sure corrode your soul, and eventually render you spiritually bankrupt.

Nothing and nobody can stop your onward march to greatness if you refuse to permit anger, hate and resentment poison your soul.   

Always have a goal and stay fixed on it

There is a saying that you will become part of someone else’s dream if you do not have a dream of your own. Most people go through life not knowing what they want out of life. I am thoroughly convinced that everyone has something unique of high value to offer the world in return for fortune, but how can one offer what he or she does not know they have to give.

Many brilliant and highly gifted men and women end up in the service and employment of other—merely eking out a living, because they fail to recognize the genius that lay dormant within their being.

One of the first steps to amassing great wealth is to have a clear goal and a concrete plan of how to achieve that goal. And never be timid about dreaming big, and to make bold moves. The millionaire mindset always sets exceptionally high expectations and strives to surmount all challenges and obstacles.

“A BLISSFUL REWARD AWAITS THOSE VISIONARY DREAMERS WHO ARE PREPARED TO PAY WHATEVER DUE IS REQUIRED TO REALIZE THEIR DREAM, FOR ONLY THEN ARE THEY TRUE DREAMERS”

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Authored by E. Stanley Ukeni, © 2017. All Rights Reserved. This material and other articles or stories posted on this blog site may not be reproduced, published, broadcast, rewritten or redistributed, in whole or in part, without prior expressed written permission from the author, E. Stanley Ukeni.

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