Make, manage, multiply money [Part 1]

They may have the same targets to meet and have the same social obligations to meet up with but they will still have different account balances in life and in the bank because the word enough is really relative.

An example is the situation of two sets of people in an office who are on the same level and are earning the same amount of money. They are both young couples with a child each and have almost the same requests at all times from friends and family but one has something left at the end of the month and the other has debits to fight at the end of the month.

What can be the issue considering the fact that they earn the same thing. The issue with money that people have not always paid attention to is the fact that wealth is not cash but a combination of attitude, influence, information and management skills.

I have the boldness to define wealth in this manner because what you know is what is fetching you what you currently have. The people employing you or engaging your services are simply paying you for the knowledge you have acquired over the years and that is why it is difficult in some organizations to earn more until they have the proof that you have gone to learn more!

Wealth must also have the word attitude in it because money will take on the character of the owner! Two people may have a dollar but they will definitely not do the same with the dollar note. One may decide to smoke with the money and the other may decide to spend time thinking about what can be done with that one dollar to bring in more money.

Influence is also wealth because it about the relationships you have built over the years that you can now draw from. If you need to borrow money I must say that the people who will be willing to borrow you money are people you already have some measure of influence with. If you have not built relationships over the years it may be difficult to get money from people even when they have it.

Management skills will also come to play in the lives of people who seem to be earning something so little because one will be what is so little and spend it anyhow but the other will see what should be called a seed and think about how to plant it in the right soil for it to germinate and produce the required harvest later.

The point I am trying to make is a very simple one but I consider it necessary to drive home the point using some of the cases above. When you see things differently you will always have a different result because the amount in your hands is not the issue.

The mindset that is controlling the money is the issue so one of the first assignments people need to begin to do is to work on their perception of money. When your perception is right then the little in your hands can be multiplied.

You only have as much as you think you do and not as much as you think you should have. Some people always think they should get more but they never get more because they do not actually have the capacity for more.

If you need to get more then you have to build the capacity to get more and increase the little in your hands. I have deliberately defined wealth in a different way to ensure it reflects the things that actually make people wealthy and the definition is what you need to break down and work on. You have to ask yourself if you have enough of all the components of wealth.

When you can satisfactorily say that you have them then you will be right to say that you probably do not have enough money. Here’s what to do, you must constantly seek to add more to the information reserve that you have.

A lot of the things that are seen as businesses today began as mere information that some people acquired and probably did not even know that some other people would need them. When you add more to your information reserve then you will at a point realize how the information in your hands can be used for business purposes or exchange for more money.

Anybody who desires to have more must have more influence and having more influence is about deliberately working with other people and earning their trust in every dealing that you have with them. Some people must be comfortable being around you; others must find it easy to make you a confidant while some people must be able to approach you for counsel on some of the issues of life.

There are people who should be looking up to you and there are people who should respect you for something that you do and not because you demand respect from them. On a daily basis people have to see how you contribute to their wellbeing or productivity in life.

To be continued...