Wednesday, July 1, 2009

Millionaires Know that they are Their Money- Say What???

Many millionaires have been bankrupt or short of cash at different times, but they all understand that the money is not their wealth. Their wealth is within them. Their mind, ideas, thoughts, experience, plans, goals and contacts are what make real wealth.

In 1981, Robert Allen participated in a challenge with the Los Angeles Times where they took away his wallet, cards, contacts, the lot, and left him just $100 for living expenses for three days. His challenge was to buy one or more properties within three days. At the end of the three days he had acquired not just one but 6 houses valued at almost $500,000 (remember this was the 80s) and handed the reporter money back from the $100 dollars at the end.

In many ways when they took his belongings they bankrupted him. He did not have any financial statements, credit cards, or money apart from his living expenses, but he was still able to purchase 6 properties! How? He still had himself. He is his wealth.

So making money is just a byproduct of your true wealth! It’s a byproduct of your knowledge, your experiences, your courage and your willingness to do what’s necessary to make money. No matter what your position is now, when you develop your true wealth, yourself, it will become easier and easier to make money.

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