The Rich man's wealth is his strong city, the destruction of the poor is their poverty. So says the Holy book. While the Rich are getting richer, the poor are getting poorer and the gap between them is widening every day. Isn't it the same society we all live in? Why do the Rich excel in everything they do and the poor fail in their small efforts? Is it true that the Rich are born with two heads?
The distinctive point is that while others rely on the government to provide them with jobs and basic amenities, the Rich develop jobs and infrastructure to suit their own needs. The correlation is that the Rich create new jobs while the average person and the poor vie for a limited number of government positions.
A few weeks back, I was speaking to a friend. He is a modest civil servant, not very intelligent and without much schooling. We were talking about how he can’t find a job and I was advising him on the need to start something of his own. As we were speaking, he expressed to me that he has been working for government for several years now and have not been able to achieve anything meaningful.
You see, the ordinary people rely on the average paying jobs that the government can provide, and even if the money they earned are sufficient enough to meet their needs they saved the left over with the bank without a plan to do anything with it that may bring more money for them.
The Rich, like the poor, want financial assistance. While the first is working to build its own wealth streams with the money they got, the second is likely to be paid a monthly income later. When the salary finally arrives, what's left after essential needs are addressed is quickly taken to the bank, the only meeting place where the Rich and poor share ownership.
The bank is the only location where the Rich and the poor share ownership but differing interest. The Rich go to a bank to borrow money, while the poor bring their little money they earned for savings. The poor save money because they have nothing at the time to do with it, and the Rich come along and borrow the money of the poor because they have more ideas.
The Rich are busy boosting their investment interest with the money they borrow from the bank, the money of the poor, while the poor are busy thinking about the money they have saved in the bank all day. The Rich become even wealthier as a result of the poor's savings, while the poor are suffering as a result of their inability to decide what to do with their money.
Now, although the two groups are likely to share the narrative of handling their finances, they differ in their money management practices. The Rich are more likely to establish their savings goal and prioritize it over other spending. While the poor are more focused on meeting their immediate needs.
The rich are disciplined in how they earn, spend, save and invest their money. They treat their money like golden eggs. They may even get frugal. For example, they never get lured by the notion of getting flashy mobile phones, expensive cars or even watches with expensive prices. They are very strict with themselves when it comes to money.
But for the average person and the poor, they are billionaires only in the amount they pay for rented properties and shops erected by the Rich with money borrowed from the bank, the money saved by the poor. It is impossible to become wealthy by saving; the only way to achieve long-term riches is to invest. It may surprise you to learn that the Rich only let a modest amount of money into their bank account to keep it alive. They have invested all of their money in one way or another.
Bottom line
Life is hard, and getting rich is also hard. Take your own risk with your money, if you fail you will learn and if you succeed you will be a good example to others. There is no shame in failing, the shame you should avoid is being ashamed. You should know that all the billionaires and millionaires you see today started somewhere, they have failed many times but never give up.
The decision to invest or not to invest is the most important fiscal decision that you will make in your lifetime. All of us must make this decision. It does not matter whether you are poor or rich; you need to invest in something. If you fail to do so, you will soon be poor.
Decide today to take that money from your bank and look for any profitable investment you will invest in, so that you can harvest twice in a timely manner.
