Tagged: wealth

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.

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