The subject of money is perhaps more discussed than any other subject. The reason is not far-fetched. Modern commerce has no other instrument or vehicle to operate than money. There is no market on earth where money is not required for its transactions.
Because of the importance of money, many of the wars that were fought and are still being fought have money as their reason. Marriages have broken up because of money. Suicides and murders have been committed because of money. Splinter groups have emerged from churches and other religious groups because somebody wants to be in control of the church’s treasury, not necessarily to enthrone accountability and transparency but to have unfettered access to money. Board meetings have degenerated into cheap politicking and boot licking because of money. The list of concerns that money has caused is endless.
Highlighted below are some secret facts about money to help you become successful in your legitimate pursuit of riches:
1. Money Can Grow: Those who have made money legitimately, and in their own right, will tell you that they started their journeys to wealth with some ‘peanuts’ called seed capital. They have been able to grow the monies into vast estates mainly because they know how to nurture money to grow. Jim Rohn once said you should pity a man who inherits a million dollars without first being a millionaire in his heart. Look around you today, how many who made money by inheritance has been able to keep or grow it?
A business journal once carried a poser in which people were asked to choose between ten million dollars and one cent that is capable of doubling itself for 45 days. Many readers in their response to the poser in the journal’s next publication chose the $10,000,000.00. Later it was discovered that one cent would be over $360,000,000,000.00 in 45 days. The moral of the poser is that there is no small money. The money we despise today on account of its value/size can become very significant if we find a good use for it. Many have frittered away so-called loose change that could have grown over time and make them rich. The capital market is a veritable ground for the growing of money into huge amounts. There was a story about a civil servant who consistently invested in shares during his career in the civil service. His children inherited a princely $625,000.00 through his shares when he passed on. The wise man could have spent the monies he invested on shares in pepper soup joints because they were small in value but see what they grew to become with time.
2. Money Can Move: Money flows to where there are viable ideas just as electric current flows to a path of least resistance. Someone once said that if all the monies in the world were gathered and distributed equally to every human being on earth after some time the monies would redistribute themselves back to their original owners almost in the same proportion they were before the even distribution took place.
It was Henry Ford (the man who made his wealth from manufacturing affordable cars for Americans) who said if all his money and business were lost through some mishap he would come up with another money spinner. If you know how to cause money to move in your direction you can turn any situation in which you find yourself into an opportunity to make legitimate money.
When a man is poor but he is blessed with talented and wise children, his poverty cannot be perpetual because money will move in his direction via his children eventually. I cannot imagine Bill Gates’ father starving for the rest of his life. Why? Because money has moved to his family through his whiz kid son.
Conversely, when a man is financially well off and he is succeeded by stupid children who refuse to learn how to earn and grow money but would rather spend their inheritance, the wealth of their father will soon become history because money can move.
3. Money Can Die: All we have looked at so far makes it clear that money can die. There is basically one killer of money, and that is coming into sudden wealth without having the mindset of the rich. One sage said the darkest hour in the life of a man is when he sits down to plan how to spend the money he did not work for. There are so many ways people come into instant wealth. Unless these ‘lucky’ ones learn a thing or two about money they will end up in the same financial straits they were in before they came into their fortune.
4. Money Responds To Certain Stimuli: It was earlier noted that money flows to where ever there are ideas. Those who have made fortune will tell you that the number one thing money responds to is passion for what you do. I mean making money legitimately. Many have been so misled into believing that it is only through corruption that one can get rich. Nothing could be farther from the truth. Anyone who knows how to solve man’s problems in a particular area and he is passionate about it will make money over time.
The rich are very passionate about their jobs. If Friday is your happiest day in the week because you would not have to go to work on Saturday, or Sunday evenings are your saddest periods in the week because there is work the next day then you are slaving. Money will be attracted to you when you work from your heart provided your work solves some problems for somebody.
Those who love their jobs bring increase to those who patronize them. By bringing increase to your customers you turn each of them to your apostle. They become your non-commissioned sales men and women telling others to use your services or products. Wealth follows automatically provided you do not start cutting corners. Many failed business owners will blame their failures on the government and the economy but if they will be honest with themselves, they will admit they never gave a damn about delivering values to their customers. The demise of their enterprises was just a question of time.
5. Money is Neutral: This is perhaps the most comforting facts about money and indeed about life! Anyone who aspires for success can become successful. Many who claim to want to succeed in life only pay lip service to the subject of success. People of all dispositions, of all backgrounds, of all religions, of all races, of all vocations, and of all intelligence quotients have made money. The reason is because money is neutral.
So long as you are bringing value to the market place, money will flow in your direction. This has nothing to do with who you are but a lot to do with what you do. The reason why many remain poor is that they fail to operate at their utmost level because they believe that money is an exclusive preserve of the rich and privileged. That mindset affects everything they do. It becomes generational handicap when they ‘infect’ their children with the same mental programming.
The truth about money is that it has no blood relation. It has no father, mother, uncle, aunty, granny, siblings or cousins. It has no native land either. An American (Bill Gates) had at least once been the richest man in the world. Nigeria can produce the next richest man on earth if somebody in Nigeria brings a value to the marketplace that surpasses the present value that the richest man is putting in the market. This is definitely not unachievable – it only takes a firm belief in the fact that money is neutral.
A survey conducted in the United States of America on a sample of 100 millionaires who made their millions in their own rights revealed that 80 percent of them came from poor backgrounds; the remaining 20 percent are from the middle class families while none of them came from the upper class families. The survey confirms the fact that money is neutral
In conclusion, money is not age-sensitive, it is not gender-sensitive, it is not race or colour-sensitive. In fact it does not care who owns it.
The author is a researcher and a current affairs analyst. His blend of passion and competence in writing led him to blogging where he blogs about global trends and news updates on arts, automotive, business, career, education, entertainment, health, ict, law, personal finance, politics, religion, science, sports, etc. You can visit his blog for more articles on personal finance.