Lesego Marumola | 11 September 2018

Financial freedom is a very important subject considering the amount of economic uncertainty that is facing the global community. For the longest time it has indeed seemed as though the top one percent have been less affected by this uncertainty and so it is only natural that we conclude that although it cannot buy you happiness, wealth can buy you options. These are the ability to move to a new country, to take advantage of opportunities during times of turmoil or uncertainty and to explore the latest medical advancements with little effort, to name a few.

With that said here are six things to consider if you want to amass wealth.

Grow

The only way you’ll be able to grow rich is if you grow yourself and the only way to grow yourself is to constantly learn and try new things. So in other words always extend your comfort zone. Right now your comfort zone only goes as far as you have been pushing yourself, my guess is that you know this or else you wouldn’t be reading such an article. Think about it, if you are now worth zero and you are comfortable with that, you’ll be worth that until you get uncomfortable right? Right!

The point is if you ever want to amass great wealth or success in any area of your life, you are going to have to consistently improve yourself and the only way you can consistently improve yourself is by being comfortable with being uncomfortable. You’ll need to stop making Chuck Norris jokes and start being as tough as we all imagine Chuck Norris to be.

Know how money works



How does money work?

I’m glad you asked.

Well, it’s all debt, what does that mean? It means money is no longer tied to a finite commodity like gold, the ceiling has been lifted. There is no limit on how much money can be created in the system.

For example, when you go to the dealership and make an offer to purchase a vehicle and the dealer tells you to go to the bank for a loan and/or vehicle financing, the bank will create the money out of nothing and so by virtue of you owing the bank, that money has now been created and it is now a part of the system plus interest.

Since the money is created by people acquiring debt we can safely say that all money is debt money, it is now tied to the infinite concept of debt. So to get the money flowing to you, you’ll want to be on the same side as the dealership. Having the system work for you.

Learn to play the game



What if I told you that to become wealthy all you need are three things? Is that something you might be interested in?

I was very interested and this is what I learned from one of the wealthiest men on this planet and certainly one of the best players of the game; Warren Buffet who says that to become wealthy you need only three things. These are: compound interest, a long life and little bit of patience.

I would also add creativity, intelligence and diligence to the list as playing the game means you are in an active state rather than the receptive state of just waiting for your money to grow. Learn to play the game and play to win.

Know what you are doing

If you want to amass great wealth you need to be comfortable with big numbers, you need to at least know basic accounting, I cannot stress that enough; if you are going to be an investor its quite imperative that you learn how to look at a financial statement and be able to make a calculated decision on your investments.

In a world of buzz words, a very common word in the world of investments is diversification. This means spreading your investments across different instruments which essentially means don’t put all your eggs in one basket. Warren Buffet on the other hand believes that you should put all your eggs in one basket and look after it carefully and to an extent I agree with him, in a sense that you should first and foremost know what you are doing.

There’s nothing wrong with either of these views they are just polar opposites of one another. What I am saying is it doesn’t matter whether you are a diversifier or a loyalist, the question is; do you know what you are doing?

Choose your friends carefully



Choose the people you associate with very carefully. Most of us hang around with losers for a long time out of a sense of loyalty or friendship or some or other nonsense we make up in our heads.

The truth is you already know all the people who are bad for you. These are the people who laugh when you tell them about your ideas, the people who tell you it cannot be done more especially not by you. You see, the reason toxic and negative people in your life tend to pull you down is not as most people think because of jealousy or envy, it is because they know that they are losers and they don’t believe that anyone they know personally i.e. you, could ever do anything amazing.

So remember that next time people you know well try to put you down. The only way that they win is when you listen to them and trust that their reasoning is correct. There’s just one question you need to ask before getting advice from people and that question is “Has this person achieved what I want to achieve or similar?”. If the answer to that question is no, then you are talking to the wrong person.

Keep learning



As I’ve mentioned the best way to learn is from people who already have want you want to have and are already what you want to be and that is of course wealthy and successful.

How are you going to do that? Grab a biography of the person you would like to emulate, study wealthy people, what they do, how they became wealthy, how they are staying wealthy, what they eat, and anything else you might think is important in the context of your own life and the type of person you desire to be.

Think of yourself as already wealthy and successful, ask yourself, “What would I be doing if I were a billionaire? What would I be thinking? Where would I be?” and you’ll start to get a clear idea of the type of person you need to become in order to reach your destination and working backward from your end result, you should easily be able to figure out what you need to do to get to the land of wealth and success.

One more thing, Have Fun and Good Luck!