The Rich Game
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About this ebook
In our quest to find riches, there are possible things to follow and then there's the impossible. What will keep us away from wealth accumulation is concentrating on what will make it grow and focusing on the possible. Securing your wealth requires you to start today with a plan, but what happens when you don't have one?
The wealthy have a lot of things to consider and act on that the poor are not aware of and never take their time to understand. All these things are organized in a way that starts from the mind and ends with the actions that they take every other day. They know how to protect their wealth by taking advantage of the diverse financial strategies and solutions that are tailored to meet their long-term objectives.
We all receive money, but how do we go about using it in our daily lives? This book is here to guide you on what the 'rich' man you see around uses to continue gaining wealth, while the average and poor continue to struggle. You will see how you think and how the wealthy thinks and what happens after each of these make their decisions from day to day.
In the end, you will have a complete plan that reveals all the secrets of the wealthy and, by then, you will see that what really counts are the little things we do.
In this book you will learn:
Why mindset is everything
How to set financial goals and achieve them
Avoiding Shiny Object syndrome
How to create more than one stream of income
And much much more!
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The Rich Game - Marten Livingston
Chapter 1: Mindset Is Everything
We all know about brains and what they are supposed to do, right? However, surprisingly enough, we don’t utilize most of them when attending to our daily schedule. You see, there are a lot of things it has to attend to, so it will only help you remember what you need to do at the end of the day and you have to feed it that information.
How? Through our habits.
After we learn and practice what we are going to do every other day, these habits go to a small central part of the brain—the Basal Ganglia. Since its size is the same as a golf ball, maybe we can redefine what small means, here. Now, what habits are supposed to do is save our brain from having to overthink. When a way of doing things becomes your habit, it will be stored in this region so that the brain uses as little processing power as possible.
There will be no more decision making the next time you practice the habit.
With this, it means that human brains are on autopilot at particular times; a shocking statistic is that you will be on autopilot 40% of the time, if what you are working on is a daily activity. Our mode of doing things does not need the brain to be aware of it, which could be a problem going by what we reap at the end of the day. If you have not yet realized what habits can do, well, as a start, they define us.
If your thoughts are repeated and form a habit, then our state of poverty—or richness—is depicted by our habitual thinking. Poor people will have deprived thinking patterns while the rich will have sophisticated ways of doing things. Routine acts require systematic thinking and that implies the need for great actions to become great.
The main lesson here is, to become rich, you have to think like that rich person you think about.
Here is the latest research based on how the poor and rich think:
The Poor and Rich Thinking Statistics
We cannot measure success via wealth, but, to most of us, more money will solve most of our problems, which means we need it. After looking at the thinking analysis of the two extreme ends, it is now possible to project how individuals in their respective groups think.
Turn Your Way of Thinking Around
Many books out there provide vital information on how to have the mind of an entrepreneur and the common mistakes that the poor and middle class make that deter them from having financial success—wealth.
Based on the statistics above, coming up are ten ways in which the rich and poor think differently. As the average person, after reading, you should relate the information to your life cycle and see if it applies. Some of the advice here might be harsh, but we should all face reality before knowing how to conquer it.
Read through and see if you’ll pick up something that will motivate you to read the next chapter as you start to alter your way of thinking.
Creating Your Life Vs Life Happening To You
At times, we blame what happens in our life as the cause of our misfortune and not succeeding in anything. The same applies to our methods of wealth acquisition. If you look at the rich minds, they believe that success is due to strive and sweat.
Look at any billionaire out there talking and you’ll hear, I started…
, I used to do this…
, I have been working on…
etc.
They will mention those who helped them to get there in the course of the story, but it was due to their hard work as to what got them where they are today. That is why the wealthy will be actively involved in their businesses, since they need to have a direct link to their success. The poor, on the other hand, will have all sorts of excuses as to why they never get through.
If you start the blaming session every time a hurdle appears, feeling sorry for yourself will never get you anywhere. The world is full of harshness and cruelty. There is a mixture of evil people who want to take things from you and the good who expect something in return. Instead of waiting for life to happen to you, get out there and begin the action.
Furthermore, it’s true that the world does not wait for anyone.
Wanting To Win Vs Not Wanting To Lose
There is a big difference between these, if you view the statement very carefully.
The rich have a goal to achieve, which is common to all of them: more wealth in abundance. That is why a billionaire will wake up earlier than you and go to sleep later, to see how he or she can grow financially. Instead of spending all the money on bills and saving a few coins, the rich will think of how to invest that money and make more.
That is how their MORE cycle goes on and on.
Let us now look at the average and poor. We earn money to be comfortable in life, which then calls for financial stability. That tells us that we all get the money just like the rich and everyone is getting paid. On the other hand, what happens once we get comfortable? It is an excellent theory to have a satisfied life, but it will never work if you just expect it to come with time.
On the aim of getting comfortable, the population that is still striving for riches will go ahead and spend lots of cash on their bills and the ever increasing prices of commodities that, ultimately, they don’t really need—this might sound harsh, especially if you are looking at what you own and you can’t figure out a way to live without some of those things present. The reality is that if we look at the monthly budget and see what makes us get through to the next day, we will find a way to decrease our monthly spending.
What can you live without? Are you scared of living without it?
Finding ways to cut out the bills will give you more money to save and plan your future. You can take this as lame financial advice, but it makes sense. You need to get to the bottom of your bills and pluck out what you don’t really need. For example, there are options to buy expensive quality clothes from places like the Philippines, Turkey, Bangladesh and Vietnam. On the other hand, you can get them shipped to Amazon and Walmart, and there is little price difference. Instead of buying a $50 shirt from such countries, even though they represent the current trends, Amazon will give you a Black Friday deal to fetch them at less than $10, or an estimated average daily rate of $25.
At times, we find ourselves on a budget and saving can be harder than you thought. Instead of blaming everything that is happening, start looking for a way out.
Your Commitment Level
A rich person has to look after his or her wealth. They want to gain more money and value, so there is a need to have their eyes wide open. As for the poor and the