How To Not Become Rich

1. Wait for approval or permission from society.

2. Be an innovator. (Innovation is a slow process which doesn't necessarily pan out. Instead of inventing something new, improve on what already exists. Copy. See what works and jump on the bandwagon. Do it better, more powerfully, maybe with a twist. The Wright Brothers didn't have the original idea of creating an airplane, but they kept working on it and didn't give up until it was perfected.)

Flying was not an original idea. But the Wright Brothers perfected it. They were persistent in their unwillingness to give up. They were inspired and believed they could do it.

Whatever you do, start the process and get going. It's easier to go from one success to another than it is to go from failure to success. There's a law in physics about a body in motion tends to stay in motion. This holds true in the area of wealth accumulation as well. It's much easier to alter your course slightly if you're already in motion than it is to begin from a dead standstill to get up and running.

3 Work on salary. (No one on the list of Forbes 500 makes a salary, so if you want to avoid being super wealthy, keep accepting one. Instead, if you are looking to go off the charts, think ownership. Being on salary might be 'comfortable' but not outlandishly wealthy. Maybe you're thinking, 'If i could just earn a bit more salary. . . ' Why not instead ask yourself, 'How can I start a billion dollar business while still keeping my salary?'

4. Adroitly manage your portfolio. (I know all you advisers are going to go, 'Wait a minute.' But according to history, managing your portfolio does not create massive wealth. Even Warren Buffet doesn't make his money through passive investing and even though he doesn't take an active role in the companies he buys, he does set really strict guidelines and then monitors them very, very closely. Simply managing your portfolio and waiting for the world to discover an undervalued stock that you just bought is not the way to making giant wealth.)

5. Think up ideas versus capitalizing on them. Thinking that you're going to create your wealth from an original idea has historically shown not to work very well. A lot of us think, 'We've just got to come up with that really good idea.' There are a million great ideas that have not created billionaires. It's just not the way to do it.

6. Allow your quest and desire for super wealth to prevent you from taking action.

Now that we've discussed what not to do, stay tuned for what to do to install the affluent mindset. Or, try how not to become a billionaire step number seven below.

7. Don't do anything.

About the Author

Kenrick Cleveland teaches strategies to earn the business of affluent prospects using persuasion. He runs public and private seminars and offers home study courses and coaching programs in persuasion strategies.

Comments

No comments posted.

You do not have permission to comment. If you log in, you may be able to comment.

Complete the details below to send a link to the page:
http://uniquebusinessarticles.com/sales/how-to-not-become-rich.html