Wisdom of Rich Dad

            

Julius Apegu 

Becoming financially independent starts with a great desire.  By taking advantage of the opportunities crossing your path everyday, you can begin to claim your share of the good things of life.

The best way to do it is by building your own business.

One writer on financial independence Robert Kiyosaki has advanced three conditions that you must fulfill to become financially independent.

First, by believing that you will become financially independent, second, become aware that your situation will not change magically if you do nothing about it, and third, passionately desire an improvement in your life.

Rich behaviours
The wealthy use a business as a vehicle to pursue their dreams and passions.
After building their business, leading to a strong cash flow, the wealthy begin to invest in assets – things that put more money in your pocket.

Key among the behaviours of the genuinely rich is the ability to take calculated risks.
They don’t fear to make mistakes. Indeed as human beings, making mistakes is how we are designed to learn.

Just remember how you learnt how to ride a bicycle. You probably still have that scar! It took an effort. It took a commitment.

If you are considering building your own business, be aware of whom you spend your time with, who your teachers are, and which books you read. Much of success in life and business is built on trust.

If you’re honest and surround yourself with positive not toxic people, you will grow into a better entrepreneur and leader. You will find means to expand your means, that of your children and family. But also be aware of toxic people – people who want to kill your dream because they have given up their own.

Once you have built a business, build a network. Your network enables you have several branches. The network will use tested and proven services, products and systems.
These services, products and systems will have been built over a period of time and will have produced significant business results in terms of an attractive cash flow statement and expansion.

To build wealth through business, you must adopt a continuous improvement mind- set, skill-set and attitude.

 

This entry was posted on Tuesday, September 25th, 2007 at 5:52 am and is filed under Business. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.