Posts Tagged ‘wealth’

How does one obtain success

Ok I know this is a loaded question. The answer will depend on who you are speaking to and how they define success. A couple of definitions according to dictionary.com are:

  1. the favorable or prosperous termination of attempts or endeavors.
  2. the attainment of wealth, position, honors, or the like

So let’s talk about the first. Maybe it is going to college, maybe it is finishing college. Maybe it is landing that job or being able to help an individual in need.  But as it states, a favorable outcome.

Now the second one. That is where there might be many debates. Maybe accumulated the wealth you want, got that promotion or a trophy. But if you talk to some, they do not consider wealth and status a measuring stick for some, nor the completion of a goal like finishing college or a task.

What made me think of this was a blog  I read talking about is it hard for a succesful woman to find a good man. Now what a good man is up to debate.

Here is my thought. Success is in the eye of the beholder. People want different things in life that they want. But what I do know is that whatever you want you have to work for. I personally think that most lower what they define as success based on either their current financial situation or the effort they want to put forth. It can also be determined by their surroundings.

I was told yesterday that in one culture a sign of success is getting a Mercedes, and another was getting a BMW. And once you get those that community acknowledges you as successful. Now, that is crazy to me… but remember it is in the eye of the beholder. And whatever one might think it took someone work to get to that status.

Now I have also heard people say just getting out of the neighborhood is a success. Some people in my culture just want a chance. Just want to get out. Now to some that may sound crazy… but remember it is in the eye of the beholder. Now to do this, it will require work.

So how does one obtain success? Work.  I write this because I feel that there is a ton of jealousy in this country. Too often I hear people complaining about, or being jealous of someones success. They call it unfair. I have even heard people call others evil. But how often do people look at the work behind it. Now don’t get me wrong, some luck is involved. But, one can’t expect to get lucky if there is no work involved. Does it guarantee, maybe not immediately, but the answer is not sit around and do nothing. I see too many people who are on the “not where I want to be but do nothing plan”

My wife and I were having a conversation with one of our mentors. He is a multimillionaire with a 1.8 million dollar cash flow. We happened to get in a conversation about sacrifice and what it took him to become successful, by his standards. Most people always look at the finished product and not what they went through. And then the term “give back” gets brought up. When he started on his business venture straight out of college he was already married with 2 kids. because of finances he had to take his family to live with his parents, this because he had to bolt before getting evicted. There were times when his gas was shut of so they had to heat up water on electric stove to be able to bathe his children. He had 3 houses foreclosed on and 2 cars repossessed. But through all that he worked hard to become successful. At first 6 figures was successful, then 1/2 million, then 2 million. But he gave and worked a lot to get this.

So if your goal is to get out of the situation you are in, you just got to work hard., game plan, and maybe give up something along the way if whatever you decide is success is that important to you.

“If you are not willing to risk the unusual, then you will have to settle for the ordinary”-Jim Rohn

Now for some, the ordinary is ok. And that’s  ok. But please do not “hate” on those who have “success”. Go for what you want and be true to yourself. But for whatever you want…Go to work.

What if. What if we redistributed all of Americas wealth?

Ok. So I have had this thought in my head for about 6 months now. I floated it a couple days ago on Facebook and with a few friends. Now, this is not intended to start a fierce debate as to what side of the fence you are on, but to open up a dialogue with sound thoughts and opinions without attacking others.

My question is what if. What if we redistributed all the wealth here in America equally between all adults from 22-65? That’s right let’s get Gate’s and Buffett’s money also and everyone starts over from where they are now. How long would it take for the “haves” to have again and the “have nots” to have not again.

There are definitely 2 sides. Some would say that the “haves” are lucky. They have gotten all the breaks. They have been in the right circumstances and have been allowed to flourish off of the backs of hard working people. The people on this side typically believe that the wealthy should take care of the less fortunate and “give back” more.  It is not uncommon to hear from someone in the middle or lower class state that if they only had what the rich have things would be better. And if they could only walk through my shoes they would understand.

Then there is the other side that feels the “have nots” typically chose to have not. This side would say you make your own destiny and choices. They do not equate their success to luck, chance, and circumstance; but to hard work and determination. It would not be uncommon for someone rich to say that they earned their money and why should they give it to people just to blow. And if the less fortunate had their money it wouldn’t take long for them to blow it.

Now being in the financial services arena I have a biased opinion. And it is just that, an opinion. But for the most part I believe it would take less than 2 years for things to go back the way they are. It is because of conditioning and education.

See the “Jones” have been conditioned to keep up. I get a car, you get a car. I get a house you get a bigger house with a deck. All the while there is little thought of putting away more money and accumulating wealth. There is also the thought of education. Because most people are not taught how to become wealthy and they do not seek out the knowledge, it would be hard to maintain or grow their newly acquired wealth.

What I have learned is that the wealthy are prepared. They put money away no matter what. My fear is that the conditioning and lack of education would have the middle and lower class out there purchasing more and more. I was taught at a young age never buy your toys with your hard earned money. You buy them with what your money has earned.

But that’s my thoughts…How bout you?