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What are the 5 Levels of Wealth?

November 6th, 2009 1 comment

money_treeAll people, everywhere on this planet, have some kind of relationship with wealth and money.  Our thoughts form that relationship.  Our thoughts range from “money is the root of all evil” to the people who are very comfortable with money and it flows to them easily.  How do we develop these thoughts that have such an impact on our relationships with wealth and money?

When we are born, we don’t have any relationship or thoughts about whether money is good or bad.  Money is unimportant to us.  We are focused on our creature needs; food, sleep, comfort and elimination.  As we grow older, we can’t help but form beliefs regarding wealth and money.

Humans have a way of learning.  It is called mirroring.  When we watch someone else do something our brains fire the same electrical impulse as the person actually doing the task we are watching.  This is how humans learn.  When we listen or watch our parents, grandparents, and other people in our environment react to money we pick up on their feelings and attitudes towards it.  As time goes on, we have watched enough people’s relationship with money that we adopt our own relationship.  We do this with everything, not just money. Our beliefs become like a patchwork quilt that we have put together from our environment.

Most of us don’t understand how money works.  Because we have to have some kind of working model with money We think we understand it. But, we don’t.  It is like looking so closely at a tree that you can see the bark, the bugs making there way around the tree trunk, and anything else that tree may have on it.  We are looking so closely at the tree that we can’t see the forest is is standing in.

Money is like any other game.  You can’t expect to win a game unless you understand the rules.  There seems to be 5 levels of understanding of wealth and money.  Often times, we get stuck in one of these levels and we never progress to the next level until we break free of our current paradigm and understanding.  The 5 levels are:

1.  We are focused on money because we “need it”.  This is a more desperate level.  We believe we need money to meet our needs such as food, clothing, paying our mortgage, etc.  We are approaching money from a stand point of lack.  Sad to say, most people get stuck in this level.

2.  We understand that we need to make some money.  Our value of money is that we exchanging time for money.  At this level we believe that without the time/money exchange we can’t have the money.  This is characterized by the having a job that pays us money for the time we spend doing that job.   This level includes not only a employee status, but the self employed such as a doctor, lawyer, hair stylist, etc.  If they go on vacation or they are ill, their earnings stop.

3.  This level is where we understand that we can have money by developing a business system that makes money separate from us.  It doesn’t hinge on the owner of the system putting in “time” to receive money. This level can be franchise owners, multi level marketing, business owners with employees, etc.

4.  The investor level is the level where we understand that we can invest money into systems that make money.  We can invest in things that appreciate and give us cash flow from our investments.

5.  This is the level of wealth creation.  We are creating new things.  Our creations grow in value and throw wealth off as a byproduct as it grows. The creation has the possibility of living beyond the creator and generating wealth for future generations. 

Whatever our understanding of money and wealth it can grow and change.  As we go through life we continually develop new beliefs that fill in our patchwork quilt of our life.

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What is the Key to Money and Wealth?

November 5th, 2009 No comments

keyDollarHave you wondered what the difference is between wealthy people and people that never acquire any real wealth?  I have thought about that many times.  I know extremely wealthy people, and they are wired completely different than the less fortunate.  Their thought processes are completely different from the “have nots”.

We are all a product of our environment.  The wealthy know this and question the “truths” of how they were raised.  They are open minded to different ways of thinking. The don’t accept the “status quo”.  They question it.

There are many differences in the way people look at money and wealth.  Most people feel that if they had enough money they would be set for life.  But, what is money?  The paper or coin that we take for money is not the real value of wealth.  The truth about money is, the only reason that we use money for transactions for goods and services is because we believe that it holds value.  Almost all the money in this world is no longer backed up by a physical thing.  It is not backed up by anything other than our belief that it holds value.  It is circulated in computers and by the use of plastic cards. It never really makes it into the physical realm in the form of an actual physical paper dollar or metal coin. 

Wealth is a state of mind.  Yes, I know you can’t make your mortgage with a state of mind…or can you?  Let’s look at a few differences between how wealthy people see things and those that are not as fortunate.

1.  We can’t become wealthy believing in the Santa Claus effect.  Those that haven’t acquired wealth in any great proportion look at money as “luck”.  Just like we are told as children that Santa will bring us presents, we look at things like the lottery, inheritances, winning money by gambling etc. as the way we will achieve wealth.  Statistics tell us that most lottery winners are worse off 5 years after their win. 

2.  People that haven’t achieved the state of wealth tend to believe that things happen to them.  They are victims of unfair advantages such as; lack of education, not getting the right breaks in life, and never being in the right place at the right time.  Wealthy people believe that they make their own circumstances.  They are responsible for their “breaks in life”. They look for opportunities instead of waiting for them to happen.

3.  Those without wealth look at situations from a perspective of lack.  There aren’t enough resources to last.  There is only so much of anything to go around.  Where as, wealthy people believe that there will always be more than enough.  For instances, when fossil fuels are getting ready to run out, we will have moved past the need to use them and we will be using something else. They believe in the inherit ability for the human race to always have an abundance of what they need.  If it doesn’t exist now, it will later. 

The acquisition of long lasting wealth for most people is a complete paradigm shift.  It doesn’t happen over night.  If we want to develop wealth we first need to be completely clear on what means to us.  What does it look like in your mind to be wealthy?  We all have different standards to judge wealth.  To some, wealth may not be material assets.  One thing is a certainty.  Only you can decide what it means to you.

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Bob Proctor – How to Manifest Extreme Money – Part 2

November 1st, 2009 2 comments

Have you ever wanted to be at the right place at the right time?  What would your life be like today, if you had taken Ray Kroc up on his offer of spending less than $1,000 for a McDonald’s when it was a new concept?  What would it have been like to have been Bill Gates’ friend at Harvard and you had the chance to go into business with him on the ground floor of Microsoft?  Right place, at the right time…would that have made a difference?  Could there be something else involved other than that?  The best way to answer those questions is to listen to part 2 of Bob Proctor’s speech “The Secret to Wealth” (aka How to Manifest Extreme Money).

Are you looking for the keys to wealth?  Here’s your chance to get Bob Proctor’s favorite book, the one that he always talks about in his speeches, “Think and Grow Rich” by Napoleon Hill for FREE!  This is a bound copy of this world famous, life changing book, shipped right to your door!  I already have a well worn copy of this classic, but I jumped at the chance to get another one.  This will be a copy I can lend out to others to help spread the word.  Check it out here!

I hope that you get a lot out of Bob Proctor’s speech.  I know I did.  Please retweet if you like it.