If you know the rules you win. If you don't you certainly loose. Wealth accumulation like any worthwhile endeavors is a discipline with rules and regulations. Everyone is subject to these rules regardless of geographical location, age, gender, education background or religious inclination. Some apply these rules unknowingly and they prosper while others apply them with full knowledge and accumulate a fortune.
A lot of discussions have been done about this subject of accumulating wealth. Books have been written and millions of speakers have given lectures world over about this important subject.
This has even received closer scrutiny at this time of economic turmoil, bailouts and worldwide recession of unprecedented level and probably the worst crises in modern times.
But what exactly are these rules that separate winners from losers?
Why do some people under similar circumstance accumulate more wealth than others? Could someone start with nothing and end up with staggering riches in his lifetime? Are wealthy people naturally born? And have you noticed that there are rich people in every sector of this economy!
What I am about to reveal may shock you. You may find it unbelievable, obvious, amazingly simple and certainly an eye opener. As Albert Einstein said insanity is doing same things and expecting different results. You may be required to change they way you do your activities if you are to walk in this road of wealth accumulation.
Rule 1. Have Gratitude
The universe gives you wealth to take care of and an opportunity to create more. You actually 'own' nothing but are only a custodian, a trustee or a caretaker. Have you ever seen someone buried with his house, Ferrari sports car or yacht? So give at least 10% of your income to your local church, charity or anywhere else without expecting anything back. Nature is certainly watching and can tell how much your have ever given back since you were born.
This to me is a fundamental rule, a critical one upon which all the other rules are based. Millions are usually skeptical about this rule. They tend to think that they are enriching whoever they are giving to. However when you give, a floodgate is opened for you to receive more that you may give more.
Trust me start practicing this rule today and you will suddenly find your self with a high level of discipline. As you know no worthwhile achievement has ever been attained without discipline.
Rule 2. Pay yourself first.
Take away 10% of your income and invest it as long as you are living. If you were to be honest with yourself, had you been doing this you would probably be a millionaire by now or confidently fast approaching there. I know you may be heavily in debts, why note start with 1% and increase this gradually.
This rules is fundamental. Where will you ever get a down payment for you house, education that enhances your earning power, or even money to buy a business or expand without savings?
In part two if this article you will discover the other rules that Rockefeller, Carnegie and Henry Ford practiced.
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