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Who Else Wants to Get Rich?

By SiliconIndia   |   Wednesday, November 30, 2011
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Bangalore: "No one wants to die. Even people who want to go to heaven don't want to die to get there'your time is limited, so don't waste it living someone else's life. Don't be trapped by dogma - which is living with the results of other people's thinking. Don't let the noise of others' opinions drown out your own inner voice. And most important, have the courage to follow your heart and intuition. They somehow already know what you truly want to become. Everything else is secondary."
Who Else Wants to Get Rich?
I consider these words of Steve Jobs from his famous 2005 speech at Stanford University as one of my guiding lights in whatever I pursue in life, including investing. In not investing the way someone else does, and having the courage to follow my independent thinking and act on the same, I try to put in the hard work whenever and wherever it is required. Anyways, let's leave out the heaven and death part from the above statements of Steve Jobs, and concentrate on wealth building. Everyone wants to get rich someday. Even I do. But the biggest question is - how many of us 'prepare' to become rich, if we weren't born with a silver spoon? Working in a job and earning your living isn't going to make you rich. The inflation is rising faster than your annual salary hikes. Taking on bank loans to buy a luxury car or a dream property won't make you rich. You'll end up working for the banks for the rest of your life. Yes, winning a lottery or a game show can make you rich...but this is temporary given that we humans are not hardwired to sensibly manage 'instant' wealth. So how do you get really rich, and how do you maintain your riches? I believe, like everything we want to achieve in life, it all starts with the right kind mindset and ends with the right amount of efforts. If you have the right mentality, you can become a very powerful individual capable of making millions for yourself. Don't scoff at the notion! Most millionaires (who became millionaire the right, ethical way) weren't all that different from you or me when they started. In fact, the only big difference is how they think differently. Once your mind is right, you will take action and ultimately you will also succeed in becoming rich (if you aren't already). So what makes up the right mindset that the rich possess and most others don't? See, it's no harm in learning from people who've been there, done that. So if you want to become rich (like I do), there is no harm in thinking and acting like the rich did...when they weren't rich. Anyways, while there may be many ways you can form the right mindset to get rich, I'll concentrate only on the money and investing aspects, because that's what I know best. So let's get started. Here are the five habits that the rich practice, and so must you...if you want to get rich.

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