The Attitudes of the Wealthy Series: 31-32 (wrapping it up)

As you know, one of the most important keys to creating wealth is the right attitude. That is why I decided to share with you in a series of articles the Attitudes of the Wealthy. This is the eleventh and final article of that series.

Attitudes of the Wealthy #31: How the Wealthy Recharge

First in this series today we will talk about how the wealthy recharge. This is good timing from the standpoint that it is the end of this series of the attitudes of the wealthy.

I have said it before, and I will say it again; it was adopting the attitudes of the wealthy that took me from flat broke at age 50 to a net worth that puts us (my wife and I) in the top 1% of Americans. We are blessed to donate large amounts to charity because we do not have to work for money; we have our money working for us.

What I will tell you here is NOT to impress you, but to impress upon you how YOUR life can change. Many years ago I had to collect soda bottles and cans to get the refund money to buy food for my family. In 2018, my wife and I were able to donate over $100,000 to charity. That is more money than I used to earn, and now we can donate that to charity.

I also remember an executive business coach, Dan Sullivan, who said that if you have one vacation per year, you can expect to have one breakthrough in your business. If you take two vacations, you can have two breakthroughs. And if you have three vacations… you get the picture.

He went on to explain this is not limited to a vacation. Other possibilities could be a weekend trip to a resort or spa, or a seminar or workshop, or reading a book each week. The point was to get away from working IN your business and allow your mind the freedom and opportunity to work ON your business.

Thomas Edison had a room where he could go and sit and meditate. Other answers or solutions to business issues can come when you sleep. You can even program yourself to solve problems by implanting the desire for a solution before you doze off at night. I read a book on how to do this. The point is that to grow your business you need to take the time to recharge.

There is an old story, or fable, about two lumberjacks; a young one and a seasoned veteran. On the first day in the woods to cut down trees the young lumberjack started swinging his axe and kept at it hour after hour.

The seasoned lumberjack would pause every hour and sit down for about 10 minutes. After a couple of hours, the young one said to the older one that he was old and lazy because he had to rest every hour.

The older one explained that he took the time out to sharpen his axe and at the end of the day he will have cut down more trees. He told the young one that a dull axe is just not as effective.

Of course, you know what happened at the end of the day; the veteran lumberjack cut down more trees. We all do better when we take out the time to recharge, reflect and/or sharpen our axe (or our mind).

What are some of the ways you can, or you do, recharge?

For the next year see how your life can transform; work on adopting or practicing one new attitude per day, or per week, or per month.

Attitudes of the Wealthy #31: It’s Never Too Late

To wrap up this article, and the series, we will talk about how it is never too late to create financial abundance.

While I planned that my last article of the series would be how the wealthy recharge, after a conversation with a dear friend (and my accountability partner for over 25 years), I decided to add this very important concept to the series; it is never too late.

While the book by David Bach, Start Late, Finish Rich, says the same thing in about 330 pages, my friend Ralf is the ideal example of the concept it is never too late. He was only divorced once when we first met around 1992 in a course through Landmark Education. Later we both coached business owners through a course called the Entrepreneurial Edge.

Ralf sold his manufacturing business to a large national company in exchange for $1 million in stock, and the company later went bankrupt and his stock was worthless. Ralf went through another marriage and divorced after about ten years. At age 65 his net worth was a negative $250,000. That is a quarter of a million dollars LESS than zero.

But Ralf has a great attitude and is a great business coach. He continued to work and focused on rebuilding his net worth, which is now near one million dollars. The following is his philosophy:

• The Secret of Life: There is only time. You are born, you have time, and then you die. What you have is based on where you spent your time.

• Your “wants” are where you have not spent your time. To obtain your “wants” you must spend your time, or someone else must spend their time for you.

• The Purpose of Life: Do work you love; to earn money to have a comfortable lifestyle; and to have free time to spend with those you love, doing what you love.

In a previous article I spoke about how Melissa had a plan at age 13 to become a doctor. Ralf started over from broke at 65. I started over from broke at age 50.

It is never too late to create financial abundance if you focus your energies and have a plan.

If you are ready to create your own plan - go to https://wealthonanyincome.com and check out the free resources available to you there. Then consider joining my Wealth on Any Income Program: 9 Days to Financial Freedom, which includes 1 year of mastermind support to implement your plan – visit https://wealthonanyincome.com/9days for more information.

To your prosperity,

Rennie