If You Want to be Successful, You Must Get "IT"

Do you ever notice the most successful people just seem to get “it”? But what is “it”? “It” is what successful people seem to naturally understand about the world and making money. “It” is trading the desire to simply buy stuff for the desire to make investments. Imagine you have a few extra thousand in the bank, you’re out with the wife on the weekend on a grocery run and you stumble upon a smokin’ deal on a pair of ATV’s while passing an estate sale. You stop, check it out and even manage to convince your wife that this is the “deal of a lifetime.” This ATV will bring you closer to the kids, you’ll will have more quality time together, the family will be better off because of these bad boys. Same day you pass by a house for sale in the same neighborhood, you see the “just reduced” sign and you pick up a flyer. You see the price tag, $150,000 and think, “if only.” and go back to the estate sale and drop 3 grand on the ATV’s. People who get “it” see the $150,000 as $4,500 investment for a positive monthly cash flow of $400 per month. Five months later the successful person takes the extra $2,000 in passive income he has earned from the rental property offers the ATV seller cash on the spot and walks with the ATV’s and continues to earn $400 per month of the $4,500 he put down on the house.

The bottom line is successful people operate under a different paradigm from the average Joe living paycheck to paycheck. You must shift your thinking. Do you want to work for your money or do your want your money to work for you? You’ve heard it a million times but what does it really mean? It means you must think in terms of residual passive income rather than your hourly rate or salary. Making more money at your job is rarely the key to financial freedom. Actually for the average person it means an increase in expenses. Passive income can come in a variety of forms, including investments in real estate, business ventures and paper assets. The key is to find potentially profitable opportunities and act on them.

No one ever got rich by understanding how the stock market works; they got rich by understanding how the stock market works and acting on that knowledge. Every successful person in this world has taken action on an opportunity. I heard a story today about a man a few decades back in Arkansas who went around to businesses in the area and told people he was offering a one-time opportunity to buy into his company idea. He continued by saying that he was going to create a retail store that sold goods below retail prices. The majority of the people he spoke to merely laughed and walked away thinking that guy is crazy. Well, the long and short of the story is that those who took action an invested in this man’s opportunity are now some of the richest people in the country. That man was Sam Walton, founder of WalMart. Imagine what all those people who laughed are thinking now! There are a lot of smart people out there who are not successful and that is because of their inability to take action.

If you constantly say to yourself, “there must be a better way,” you are right. There is better way, shift your paradigm, focus on investments that create passive income and take action. You follow those two simple rules and you will be one of those people who simply get “it”