Let me share with you a story of a handsome man. In mid-2023, while I was working in my office, I got a letter of request from an unknown person who wanted to meet me and talk about the failure of his multiple relationships, which had not happened because of his emotional behaviour, handsomeness, or loyalty, but because of his financial ruptures in his career due to the misunderstanding of wealth principles.
He said to me, “There’s no doubt that I can easily get into a relationship, but after 1-2 years, the relationships are not accepted by the parents of the woman each time, despite being I am okay in everything. Now I’m broken and not interested in getting into any new relationships, and I think I’m stuck somewhere, and I can’t get out of the situation. I don’t know what is happening to me and how I can get rid of this emotional breakdown.”
Then he paused for about 5 seconds. I smiled at him and told him it’s not the problem of relationship, trust, loyalty, or the beauty or handsomeness; it’s a basic need for a stronger bond in love or a relationship. The cause reflected on you multiple times might be because of something else that you have not ever tried to sort out. I paused and told him to tell me about himself –
After listening to his words, I found that he’s unstable in his work, jobs, earnings, spending, and future planning. He belongs to a middle-class family and earns a living for his monthly living. He earns a little bit more than the amount spent on his monthly expenses, but there has been no perpetual growth in his career or earnings over the past 10 years, not because of the earnings, but because of not leveraging the money.
Then I told him the three most significant wealth principles that I followed after reading more than 10 books on self-help, personal development, and growth, and these principles changed my life drastically – I’m following them even now.
I’ll share with you the principles in this article, but now let me share what happened to him after following the principles.
In this article
After two years, I was searching for a book in a library, and suddenly I noticed the man with his wife in the same room of the library. He came to me and respectfully said, “Hello, sir, how are you? It’s a great chance to have you again. Thank you so much, sir. I kept looking at him.” He again politely asked, “Sir, can you remember me? I came to your office 2 years ago.” He said something, then I remembered him, and I asked him, “How is everything going on now?” He replied, “Very well, sir, in the mercy of your guidance.”
I saw he came with his wife in a car worth more than $30,000. It appeared that he was happy and enjoying life.
Now, let me share the same principles that worked well for him. As I said, these principles worked for me as well.
Wealth Principle 1:
To change the fruits, there must be a change in the roots. To change the visible, the invisible must be changed.
To get good fruit from a tree, the roots of the tree must be well supported and deep-rooted. It means the foundation should be built strongly, the sapling should be planted in fertile soil, should be watered regularly, and should be planted in open sunlight. Then, after years, the owner of the tree can expect good fruit.
Similarly, a dream is the seed of success. The dream should be deeply ingrained in the mind and should be exposed to realities through smart work, hard work, consistent efforts, and patience. If you avoid, there will be no perpetual change in the seed of success. The more time you take to start acting on the seed, the more likely it is to be damaged. The seed will die over a certain time, and the dream will be wiped away.
As to get good fruits from a tree, the plant should be kept under keen supervision till the maturity of the tree – so too for a dream or success.
So, here the fruits of the tree or success in life are the visible things, and the seed of success is the invisible under the ground, or mind, effort, or action. So to change the visible, the invisible must be changed.
Wealth principle 2:
Rich people see every dollar as a “seed” that can be planted to earn a hundred more dollars, which can then be replanted to earn a thousand more dollars.
The principle is all about investing – whether in education, self-development, learning a new skill, building a network, or investing in mutual funds, bonds, ETFs, real estate, etc. If you believe that every dollar is worth more than a dollar, it will reshape your thinking about money and wealth creation.
Poor people think every dollar is worth less than a dollar – so they are extravagant compared to their earnings. While on the other side, the rich think every dollar is worth more than a dollar – so they are smart enough managing and leveraging their earnings.
Poor people live on the principle – “Money comes, money goes.” But rich people live on the principle – “Money comes, money flows, and multiplies.”
So, the golden principle is – “Every dollar is worth more than a dollar.”
Wealth Principle 3:
The habit of managing your money is more important than earning more money.
The habit of managing money is more important than earning more money. Poor people earn money for a living in the present, the middle class people earn money for a standard living in the present and for security in the future, while rich people earn money for a better living and manage their money that will pay them in return in multiples.
On a scale of 10, I will give 6 out of 10 for earning more money, but I will definitely give 9 out of 10 for managing money that will pay in multiples in the future.
So the golden rule is that – “Managing money is more important than earning more money.”
If you want to know how to manage and leverage your income, you can read this article.
So, always keep your eyes on spending and wasting money on non-essential things. Learn money management skills to leverage through education, investments, bonds, mutual funds, etc. – that will eventually lead you to financial freedom within a few years. To avoid overspending and build a good habit towards financial success through managing your money, you can try this book on Amazon: The Psychology of Spending.