WHY THE WEALTH IS FOR THE FEW CHOSEN

Do you believe in luck as far as wealth is concerned?

I personally believe it as an additive in the wealth creation. However, it is not the actual cause of wealth? People bet and win. It is luck. People find an amazing multi-million deal and become wealthy which is also luck. However, in all lucky moments, they must have taken an initiative. As much as I believe in wealth, I also strongly believe in the fact that very few make wealth in luck. Was Bill Gates lucky? Sure he was. He was not the only person who knew programming at his time. However, when he heard about MITS when in Harvard, he and his friend Paul Allen took an initiative to leave school and move with courage that they would deliver the first PC software; Windows.

Secondly, it is true that the first software Gates created was far from perfection. It however worked. Sometimes, we do a lot to maintain perfection that we lose our focus. It then consume much of our time that we fail to deliver on time. I like what Google believes in; if you fail, fail quickly. So, deliver something to the market faster and if it succeeds, keep improving it. If it fails, do not dwell much on it, move to something else. Another thing that Google puts in practice is beta kind of life. Life is beta. Life is about improving. Now, look at search. When we search something and put a wrong text, it gives back better text. Did you mean ‘so and so…?’ This is perfection which was not there in 1998 or even 2010.

Therefore, even if you have some luck, take some initiative. Luck alone will take you nowhere. Just believe that you are chosen alongside the few. So, when you plan for your day, plan for your future. When you do the following, luck will follow you and you will be among the few chosen. Remember that no little money when budget and there is no much money when spent anyhow.

a)     Take financial classes and learn to set goals and achieve them.

b)     Learn to manage finances. Even if Michael Dell (founder of Dell Computers Inc.) is a billionaire; he created MSD Capital to manage his wealth wisely. Jeff Bezos has Bezos Expeditions and Bill Gates has Cascade Investments LLC, just to manage and invest their wealth. They knew their billions might end if managed poorly. Who are you not to have an investment portfolio?

c)     Budget, save and invest; the BSI rule. With a budget, you do not buy what you want but what you need.

d)     Increase cash flow through passive income. This is possible through investing.

e)     Keep improving. If you are earning $3 a day, learn how to increase to $5, $10, $15 and so on. This is also possible through investing and diversifying incomes.

f)      Never settle on the average. There is always a bigger picture than you see. If you have not reached where Bill Gates has been or where Jeff Bezos (the richest man on earth as of 2018) is, you can still do more provided you are healthy.

g)     Retire early, possibly at 50. If you start investing at early and mid-20s, you will have much wealth at 45 and by 50, you will retire rich. You will then enjoy your wealth like a gentleman. It is painful to work like a security guard at 60, to consume the night cold when others are asleep.

So, be among the few chosen by applying the above initiatives.