Many of us make a lot of money as we progress in our careers. Many people earn a monthly income of thousands of dollars and some even much higher. Despite the big money, they are not much different compared to minimum wage people who earn a few hundred dollars a month. At the end of the month, these people who earn thousands of dollars are just as broke as everybody else. This is because, the higher they earn, the larger the debt that they can accumulate. For example, bigger house, bigger car, fancier gadgets would led them to bigger debt than before.
Wealth is your net worth. Inflow is larger than outflow equals wealth. Outflow is larger than inflow equals headache. Develop wealthy habit and not a spender habit and you are on your way to financial freedom sooner than you think.
People who are always working out in the gym and building their stamina and bodies will always exercise until their body feels the pain. They know that the body only grows when it is stretch beyond its comfortable zone and the pain signifies growth for their muscle. The same thing goes in accumulating wealth. You will never grow your wealth to an astounding limit if you are not willing to leave your comfort zone. By investing your money and taking risk, you will definitely be in the uncomfortable zone. And by being in that zone, the higher percentage it would be for you to out stretch your wealth to the limit that you dream of.
If you read some of the self-help and the 'how to get rich' books, they tend to point to one same point and that is if you want to be rich or successful, think like a rich person or successful person. The secret to that is just by looking around you. Look who are your friends. Look who is in your social circle and you will found out that mostly the income bracket of people close to you is on average net worth as same as you. Associate with positive, rich and successful people as many as you can get and therefore it will create a new pathway for a new and exciting life.
Razamith Sovereign is undergoing his Masters in Engineering Business Management in University of Warwick, United Kingdom. A General Manager in a technology company, he provide advice through his articles that he have found very useful. To find more on motivation and finance tips articles, please visit http://motivasia.blogspot.com
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