Monday, March 24, 2008

Wealth state of mind Verse a Poverty state of mind

Which would you prefer to have, I would think a wealth
state of mind right, but unfortunately a lot of people
including me have a poverty state of mind? I'm
learning how to change my behavioral patterns and bad
habits that was stopping me from truly creating
the wealth I desired. I'm developing a wealth state of
mind and you can too.

And I've learned that it's a process and you just have
to stick to the process of change. Because it take
discipline and honesty with yourself to implement those
changes in your life. So don't get discourage if things
don't unfold the way you like trust me they rarely do.

There as some things you must do and posses to have a
Wealth or a poverty state of mind, based on what i've
learned.

Here are some wealth state of mind
1) Investing your money and letting your invest buy
your toys
2) Planning how you are going to spend your money which
allows for the greatest return
3) Making sure that your investment are passed down to
the next generation
4) Always learning ways to increase your wealth
5) Implementing those techniques quickly to reap the
rewards
6) Keeping track of where your money is going.
7) Understanding that linear income does not allow for
wealth
8) Always add streams of income either through business
or investing
9) Realize the best forms of incomes are Royalties
earned, passive income, and residual income
10)Always teaching others how they can become wealthy
too or what ever area a specialty they have
11) Realize assets and income must out way liabilities to
have wealth
12) Always has a written plan how your life is going to
turn out
13) Always hanging around positive business
people/entrepreneurs
14) Understands that wealth isn't all about money but
about being happy with ones self.

Here are some poverty states of mind
1) Never invest your money
2) Always using their linear income to buy toys
3) Never learns how you can increase your wealth
4) Never keeps track of your expenditures
5) Only have one form of income linear income
6) Their is no money lift to be passed on to the next
generation
7) Thinks you have nothing to teach others
8) Debt out ways income and assets
9) Quick to spend linear income on consumer goods but
not on education or investing
10) Doesn't understand the power of compounding interest.
11) Has no written plans for your life
12) Only hangs around other linear income earners
13) Rarely if ever makes any financial decision to
secure a better financial future
14) Does not value money
15) Unable to make life altering decision
16) Allowing credit card expense to grow unchecked

Where do you see your self more, that is do you see
yourself more in the wealth state of mind, great you're
on your way to securing a brighter future. But if see
yourself more in the poverty state of mind you don't
have to remain their starting today, you can make the
decision to change the path of your life is heading.

If you don't change your poverty state of mind you will
never get the wealth you dream about. This is just to
help
realize wealth first starts in the mind before it can be
manifested physically.

[Copyright @ Omar Jackson (The Profit Promoting Poet),
Successful Entrepreneur, Gospel singer,
Poet and Network Marketer]