The steps are
Step 1: It's Time To Mind Your Own Business
Step 2: Take Control of your Cashflow.
Step 3: Known the Difference between Risk and Risky.
Step 4: Decide what kind of investor you want to be.
Step 5: Seek Mentors
Step 6: Make Disappointment your strength.
Step 7: The power of faith.
Step 1: It's Time To Mind Your Own Business
We are programmed to mind everyone else's business and ignore our own.Many people have been working hard and making everyone else rich. Started early in life, We are programmed o mind other people's businesses and make them rich. It begins with words of advice like these:
- "Go to school and get good grades so you can find a safe, secure job with good pay and excellent benefits.
- "Work hard so you can buy the home of your dream. After all, your home is an asset and your most important investment."
- "Buy now, pay later," or "Low down payment, easy monthly payment," or "come in and save money."
These people work all lives for others.
By looking at this financial statement, you can begin to see how we have been programmed from an early age to mind everyone else's business and ignore our own business.
Step 2: Take Control of your Cashflow.
People who can't control their cashflow work for those who can.
Many people believe that simply making more money will solve their money problem. But, in most cases, it only causes bigger ones because humans want is unlimited.
People were taught many things by the school but they never teach the science of cash flow management. Without this training, they wind up having a money problem and they work harder with the belief that more money will solve their problem.
More money does not solve the problem if cash-flow management is the problem.
Step 3: Known the Difference between Risk and Risky.
Business and investing are not risky but being under-educated is.Proper cash-flow management begins with really knowing the difference between an asset and a liability.
People are beginning to teach to work for others. School and college say your House is an asset. It right for the government and bank but for you it wrong because you have to pay tax and other things.
So, you should have the knowledge of the difference which is your assets and liabilities and which is government and other's assets and liabilities because other's liabilities are your assets.
Step 4: Decide what kind of investor you want to be.
Start small,and learn to solve problem.The three types of investor:
- Types A: Investors who seek problems.
- Types B: Investors who seek answers.
- Types C: Investors who seek "expert" to tell them what to do.
Types C Investor is financially uneducated and looks for people to tell them what to invest in.
Types B Investor seeks for the answer and they ask the question like"what do you recommend I invest in?"
Types A Investor look for the problems caused b those who et into financial trouble.
Step 5: Seek Mentors
A mentor is someone who tells you what is improtant and what is not improtant.
A mentor will guide you to the places you have never been to before because they have been there before which make us easy. A good mentor is committed to helping their mentees find success and gratification in their chosen professions.
Overall good mentoring requires empowering the mentee to develop their own strengths, beliefs, and personal attributes. A good mentor exhibits the personal attributes it takes to be successful in the field.
Step 6: Make Disappointment your strength.
Inside every disppointment lies a priceless gem of wisdom.People start a business and they could not sell their product and started to blame the economy, product, and the customers' for heir success because when people are lammed they start to blame.
The emotional pain from the disappointment is so strong that a person pushes the pain onto some else through blame.
Step 7: The power of faith.
The only person who determines the thoughts you choose to believe about yourself.Faith is very necessary to rise. You are not a super good looking like me, mot good at study and good at sport but if you have the faith that you can do it then nobody can stop you.
“And so I tell you, the less one, that no matter what happens when things get dark, look to the light, and keep moving forward in faith."
"Fear finds an excuse while faith finds the way"
"Fear is destructive and defeating, but faith is constructive and creative.”
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