Pretty awesome moment for me to use the ink again, I always crave for us to have good moments together, isn’t that feeling mutual? (chuckles)
C’mon let’s have a time-out together again, not a bad idea if it’s your first reading up with me – good to meet you, I’m Daps.
So the other day I was with a friend and we got talking – we got to a point he spilled this on me, he said Daps: “the society is structured that the rich will get richer and the poor poorer”.
After a deep sigh; I agreed with him! He was very right.
Don’t you also think the same?
Or is there someone who has not noticed the trends?
Unfortunately, we blame the government for this structure we see in the society, ignorantly to us we do not know that the government is not primarily responsible for this, rather our ignorance.
Have you always wondered why the rich keeps getting rich and the poor keeps getting poor?
Have you always wanted to change your status, create wealth and every attempts and shot you gave it seem a failure?
You have tried to be frugal and careful with spending, but it seem not enough!
Your inability to create wealth has been a frustration, and now you blame it on the society.
Should I make a confession?
I was also like that too at some point in my life, it was very easy to blame the society and government for my inabilities. The simple truth is that I cannot talk anyone out of this reality – you would be right in your own senses blaming it on every other person.
Guess what? At some point I even blamed God for my circumstance.
You want to know why I blamed God? Here is why:
I blamed him for not creating me into a wealthy family – to me that was just the surest way to create wealth. I also blamed God for creating me into this part of the world called Nigeria and Africa – I asked if there was anything wrong in being an European or American, I just didn’t like it here, all I wanted was a better life.
This may sound funny, but it is true. I know a whole lot of people out there have felt exactly like this.
At another point in my life I took responsible for my life, which is why I have a better understanding now as to how to create wealth. I’m also glad I had access to the “Rich Dad Poor Dad” revolution by Robert Kiyosaki. That book is highly recommended.
It is a frank reality that the rich will keep getting richer and the broke, more broke.
This is because there is something the rich knows and a formula they operate with that makes them richer that is alien to the broke.
Robert Kiyosaki explained in his book how the broke, middle class and rich people spend their money, this showed me clearly without a doubt why the rich will keep getting rich and the broke more broke. This concept is so simple yet very profound. My life turned around the day I learnt it.
I think I should expose you to some of the things I learnt during my studies.
Ordinarily, a house by accounting and general standard is an asset, but with Robert’s new definition; not necessarily. He said an asset is something that pays you. For instance: you took a mortgage, that house is an asset to your banker, because it pays the bank monthly. A house can also be an asset if it pays you. Another instance: you built a house and rented out a flat, in that case the house is an asset to you and a liability to your tenant.
I did wide range of research and I have found out the secret why the rich keep getting rich, to find out this secret, just keep reading.
Let me take it a step further to show you how the broke and rich spend their money, this should give us a better insight.
Broke people are the majority of people in the economy that seem to work hard to make ends meet. The set of people who can barely save a dime after every income. Let’s consider these guys:
- They live from hand-to-mouth – they barely have nothing to save, their income is nothing significant.
- At every salary, it is window shopping – they buy those inexpensive things people buy that they do not necessarily need to survive.
After-all its black Friday. All they see is an opportunity to get things cheap, they justify the purchase because it is cheap.
For broke people; income = expenses. They have learnt nothing about assets and liabilities.
Problem here is this: Their income never produced more income.
Now, let’s see how rich spend their money
They simply acquire assets – remember we said it is something that pays you. Do you want to become rich? Then buy assets that earn you more money. This is how it works: Acquire assets that produces more income and also reinvest the profit to make more income. What will happen here is a ripple in income.
The rich people spend their money in assets. Such as: Investments, stocks, real estate, education etc.
The rich are always looking “cash generating opportunities” What this does is create passive income for them, money keep flowing with or without your input.
Have you heard that Dangote is investing in oil refineries in Nigeria? What do you think?
I figured out several passive income models online, awesome means of passive income. One I can’t wait to teach in a course I’ll soon be launching is “kindle publishing” – You just need to create a valuable content in a kindle format that pays you month in and out on Amazon, it’s so cool it cost nothing. it’s so amazing. Watch out when that course is available.
Let me ask you this rhetorical question: when was the last time you made an investment?
The rich are so eager to find out this cash generating opportunities. You must be wondering how difficult it will be to find these opportunities. Amazingly it is the easiest, they are everywhere around you, you just won’t figure it out if you don’t keep hearing about them. And once you find them, you must be able to choose which is best fit for you and act immediately.
The reason why the rich will keep getting rich is because of what they know, the reason why the poor get poorer is what they do not know. Creating wealth is a formula, you either know it or not. The difference between the rich and poor is a parallel line, the difference is in how they spend their money. The question now is how do you spend your money?
I strongly recommend you should read Robert’s book for more info about this. I learnt virtually everything I wrote here from that book, other materials I saw on this topic couldn’t be compared to the book. You would learn what a rich father teaches his children that leads to generational wealth and also vice versa – generational poverty.
Guess what? I have done the dirty job for you. I do not want you to have an excuse, so I searched for the cheapest online. While some are selling this book for four thousand Naira; I found it for less than one thousand on konga, and a little amount over a thousand on Jumia. unfortunately just one copy was left in those stores. Grab it now!
In case you do not see any reason to buy that book and you don’t have a copy already, I congratulate you. Now you know why some will make tones of money in a recession and you are broke.
You want to make money? Learn to invest in yourself.
Now you should know why the rich keeps getting richer and the poor more poorer. Invest in yourself, take responsibility for yourself, learn, relearn, unlearn, identify opportunities when they come and act on it, in no time you will be amazed at the wealth you’ll create.
Thank you for reading through, if you find this piece useful, kindly share. Impact someone also by using the social media icon below. I’ll write sooner that you expect again, just stay connected.
I love, I care.