Hidden Truth About Wealth.

Never should you spend any earnings before using it to reproduce more.

Author: Gordon Menhya

Money has been attached to quite many different meanings that vary from one society to another. Truth about life is that everyone needs money.

Money is one reason why people wake up early mornings instead of enjoying the warmth of their bed.

The twenty-first century necessitates money for everything perhaps that’s why you have taken off some time to read this article.

Look no further below are some of the hidden truths, facts and disciplines one has to know and follow if they want to accumulate money.

1. A lot of money is hidden in solving people’s problems.

If your business is not problem solving, forget about wealth. If you are to realize, people will pay any price to get out of their problems.

This is simply because it is in human nature that we humans can do anything to see ourselves out of problems/ hardships. When facing a problem/challenge you are able and freely willing to pay any price to see yourself out of it.

Ralph Waldo Emerson once remarked “Do not go where the path may lead, go instead where there is no path and leave a trail”.

Simply try something new or find solutions to people’s problems and you will thank me later.

Just so close to you is Thomas Edison who invented the first lighting bulb, you can imagine how much wealth he acquired after this great innovation. He failed quite many times but he never gave up till he succeeded.

This is simply because he was able to identify the need of stable bright light other than the lamps that gave off little light.

Not so far from you is that person who came up with a water bottling company. Yes water was available but he went ahead to see the need of good, classy, well packaged water. He was able to exploit the burden of people walking with water from home to work and so on.

So now he saves you the burden of carrying a water bottle everywhere you go since you can get clean safe drinking water at your exposure anytime you are thirsty.

Similarly your landlord was able to project that at one time you would leave your parents’ house and start staying alone.

He/ she projected that you perhaps might not be in a position to build yourself a house and you might need a cheap house to fit your budget for you to stay in. In that way he/she was able to identify your problem and found a solution for it.

If you have at least failed to identify a problem, create one and provide a solution for it. For example it’s vividly stated that coronavirus is man-made.

Viruses are indeed man made. Just imagine how much whoever comes up with a coronavirus vaccine will earn.

2. Wealth’s capital is not money but rather ideologies in relation to the first point.

Quite many people have money but have failed to accumulate wealth simply because they lack investment ideas.

Robert G. Allen once said that “The real measure of your wealth is how much you'd be worth if you lost all your money.” This simply means that money is not necessarily wealth.

Whenever one identifies a business idea, this will trigger him/her to look for money to implement it. Therefore it should be brought to your attention that money/ capital isn’t the first step to accumulating wealth but rather ideas.

Therefore, identify first a business idea for a specific problem before you look for money to implement it. Conclusively, the key to wealth is business ideas not capital.

3. Any money that comes to your hands should never leave.

This is one of the greatest principles of rich people. Truth about wealth is that it’s accumulated.

I guess you’re wondering how possible this is. If you got a hundred dollars today, that money should never leave your life forever.

It’s part of your wealth, remember one by one makes a bundle. Simply invest the 100 dollars and then you can feast on the profits out of the 100 dollars.

Never should you spend any earnings before using it to reproduce more.

In line with investment, invest in as many projects as possible for the English proverb says never put all your eggs in one basket.

Most of rich people barely invest in one business. You might find one rich man investing in diverse businesses such as television broadcast, farming, real estate and transportation all at once.

This might not be possible at the start but with time, try to put your eggs in different baskets so that in case misfortune befalls on you, you won't be back at zero.