Tagged: finance

Have you fallen to this lie?

One of the sad realities I have notice in this world is this: We are all, at one point or another, living a lie.  Whether it’s the child who still believes in Santa Clause, or the adult who enrolls in MBA believing his employer will pay him more, or the overweight guy buying a magical infomercial product that promises to lose weight without any exercise.  We have all, at one point or another, lived a lie.

And today, I’m going to share with you just one of the several lies about money.

Let me ask you this question: How do you know if a person is rich/poor?  What are the factors you look at?  What gives you the hint?

I suppose the standard answer would based on the car he drives, the clothes he wear, the income he has, the size of his house, the number of mistresses (I’m kidding… Even broke people get mistresses nowadays, how daring! :D)

Society has conditioned our mind, for generations, that this is how we see whether a person is rich or poor.  And this is this a big lie!  But what’s really dangerous is that people who believe this lie has actually been caught in a trap without them knowing it.  Let me explain further.

Robert Kiyosaki, author of the best selling book Rich Dad Poor Dad, says the difference between the rich and the middle class is how they define the word “rich”.  Middle class people define the word “rich” by the gadgets they have, by the luxury brands they own, by the income they get.  The more they have such things, the richer they believe they become.  On the other hand, rich people define the word “rich” by the number of tools they have to generate income, such as stocks, bonds, properties for rent, royalties/copyrights, patents, etc.  The more they have these, the richer they believe they become.

Here’s the bottomline: the difference between rich and poor people is not the cars they drive, not the size of houses they live in, not the brands of watch in their wrist (You can always get a loan for all that!  Who are you fooling? :D).  The difference between rich and poor people is how they define the word “rich”.

If a big time CEO drives a Jaguar and lives in a mansion, is he rich or poor?  If you think he is rich, then you have middle class mentality.  If you qualify further and ask if he has other sources of income, such as rental properties, stocks investment, precious metals, businesses, then you have rich class mentality.  You may not be rich yet, but you already have the rich man’s mentality.  And it will only be a matter of time before you really become rich, as long as you translate your mentality and knowledge into actions.

Let me highlight the dangerous part here.  Suppose you still believe in this lie, suppose you are one of those who still believe that being rich is defined by the presence of luxury cars and excessive swipes of credit cards, what would you do when immense wealth suddenly comes your way?  Of course, you’ll splurge it in luxury items.  You’re rich now, and you believe this is what rich people do.  Not realizing that this is actually a practice of the middle class who have been deceived to think that they are rich.  The danger here is once you have been caught in this web of lie, the richer you believe you are, the farther from the truth you become.

Just in case you need more proof, just look at Mike Tyson, Allen Iverson, Evander Holyfield, and several others athletes who made hundreds of millions of dollars only to declare bankruptcy one day.  Because no matter how much money you make, if you believe in the false definition of the word “rich”, the best you can achieve is short term financial success.

I consider myself blessed to have known this.  And I believe the reason I am blessed is to spread the blessings to others.  So here you go.  But don’t just read about it, practice it.  Let me end this with a quote from Bruce Lee: “Knowing is not enough, we must apply.  Willing is not enough, we must do.”

Wake up from the lie,

Dan Mark See

By the way, please do not misunderstand.  I am not saying luxury items are bad for you, I am saying luxury items are bad for you only if you do not balance it with proper investments.  Soon, I will write about what I believe is the best investment at this point in time.

[Regular topics here include success, investment, charity, positivity, faith, winning, abundance, knowledge, taking actions, personal growth, character development.  Please feel free to “follow”, “like”, “share”, and comment.  Scroll down to read my past blogs :)]

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Law of Reciprocity

After catching up with several different friends, I was told that the story I shared with them has to be shared to others too. While deciding whether to write a book or a blog about it… oh well, you know which one I chose 

Let me talk about charity for this first blog that I ever wrote.

I used to question why Christians were asked to tithe when the Vatican is so freakin’ rich in the first place. Think about it. It sounded more like a great business scam.

What do you think? Why should we donate our hard earned money to the poor? Here’s what happened to me when I started donating to charity regularly.

Out of the blue, strangers called me asking if I can help him source for candidates ( I run a recruitment business). Instant clients! It didn’t stop there. Out of the blue, the right candidates were referred to me just at the right time too. Business deals just closed by themselves!

I would love to think of it as a coincidence, but it can’t be as deals continuously come in and closed almost by themselves repetitively. (Trust me, I have been in the recruitment industry for 5 years. No such luck ever heard).

Friends, what I learned and experienced is called the Law of Reciprocity. What you give, you shall receive back in abundance. If you plant a mango seed, you get more mangoes. If you plant papaya seeds, you get more papayas. That’s just how the world works. If you donate your money, you get more money. If you donate your time, other people will give you their time. Whether you like it or not, this is how it works.

To sum it up, what I learned is that the biggest beneficiary when you do charity work is NOT the person receiving your money (or time or whatever you are donating). The biggest beneficiary when you do charity work is you!

Beyond the shadow of any doubt, I am convinced that this is the way life should be lived. We are meant to share what we have with each other. But don’t just read about it. I invite you to experience it. I guarantee you will grow in abundance!

Toast to your success,

Dan

Charity is good. But charity alone is not enough if you want to grow your finances. Next time I will share the 10-20-70 rule. A guaranteed way to multiply your money.