How to Start Thinking Like a Rich Person – Start Small
So you want to accumulate wealth, but do not know where to start. For each expert that puts out a money saving tip, there are others that paint a different picture on how to really accumulate wealth. The problem becomes that with so many varied recommendations, it is difficult to know how to get started. This is complicated by the fact that costs of goods and services are rising every day while most workers do not see any pay increases to keep up with rising prices. Without taking that money saving step to accumulate wealth, you will continue to stay in the same patterns that have kept you working paycheck to paycheck, fighting to keep up with rising costs and diminishing income.
Where Do You Start?
You need to start accumulating wealth for yourself and you can do so easily by starting small with an easy daily practice. As you read on, take note of how you can apply this practice to your own daily life. You will see that by taking a small step towards wealth, your progress will motivate you to take the next step to financial freedom.
Piggy Banks You Say?
The cost of goods and services rise every day yet our income stays the same. Seeking out ways to increase my wealth in order to help combat inflation and secure my financial future, I came across Robert Kiyosaki. Robert Kiyosaki is the author of the many books, most notably Rich Dad, Poor Dad, that help educate us on how to increase your wealth. As an easy way to start saving, he recommended a practice that will help you get back to the basics of saving money. It also helps you to start thinking about money a little differently. The idea is that you get 3 piggy banks and label them savings, investing, and tithing. Put some amount of money in them every day for ninety days. It does not matter if it is a quarter, one dollar, or five dollars. You are slowly training your mind to think the way of the rich. Rich people save, invest, and give away. So each day you get up and before doing anything else, keep your daily commitment to save. Over time it will become a habit.
Start Small but Start Somewhere!
Never having been a good saver, I put a system in place thinking it was an easy way to start. I got 3 mason jars, labeled them, and put them in a place where I would see them every morning. I decided on 2 dollars each jar. I knew that I spent over 6 dollars every day on a latte and scone at Starbucks every morning, why not spend that money on myself instead of giving my cash away to Starbucks? So as my savings plan kicked in, I would go out each morning to get my coffee and scone, and would come home with my change and add my 2 dollars into each jar. After several days, I decided to put my money in first and THEN go to Starbucks. I was standing in line and all of a sudden started to think - hey! Why am I giving Starbucks this money when it should be going into the banks! At that moment I saw that it had already started to change the way I thought about money. I now make coffee at home each morning and put that old money into savings, investing, and charitable donations.
Accumulate Wealth for Yourself
You need accumulate wealth for yourself and you can do so easily by starting small with an easy daily practice of money saving. Start by getting three labeled jars and apply this practice to your own daily life. You will see that by taking a small step towards saving and accumulating wealth, your habits will change, the way you think about money will change, and the progress will motivate you beyond the first small step to your next step in the journey to financial freedom.
If you want to learn more about how you too can accumulate wealth and are ready to make that change, take a moment and visit my blog at http://www.meetscottewart.com
