Tuesday 16 October 2012

Why the rich grow richer and the poor get poorer


Over years Citizen T.V  has grown and surpassed the rest to establish itself as the channel of choice by majority of Kenyans. Two things I like about it (hope you are not thinking about the super beautiful female presenters) are: Who owns Kenya and Movers and Shakers segments. These are two segments I never miss thanks  to YOU TUBE. If you too love them there are certain characteristics you have identified that lack in average and poor people.
Here are some things the rich,wealthy and successful believe in

1.They dream of the future
Successful people always talk about the future, setting goals and being optimistic about what the future holds. The average dwell on the past which often holds them back by making them unhappy or depressed.

2. They possess the power of leverage and a mindset of abundance
The wealthy and successful have a different vocabulary and choose to focus what they have, not what they don’t have. An attitude of gratitude creates abundance. Leverage is about leveraging everything around you. Leveraging your time, your energy, your money, your investments, the people around you, everything

3. They put themselves before anything else.
They believe that if they don’t help themselves first they can’t help anyone else. I have heard Jay-z say this in a song,”I can’t help the poor if I’m one of them, So I got rich and gave back, that’s a win/win!” Average people put others before them, that’s why they will work for the rich forever and feel comfortable about it.

4. They follow their passion.
This is one crucial thing about success you have to do what you love to be ahead of others. They always ensure they get revenue for doing something they love. Average people earn money doing things they don’t love. You will notice these people complain every day about their jobs and never do anything to follow their passion.

5. They don’t overspend.
They always ensure they spend far much below than what they get, they rarely do impulse buying. Infact it’s the average people that you will find with designer clothes, cars bought by loans and poorly planned mortgages

6. They are mentors to their children.
They teach their children from early age the principles of success and about money. On weekends and holidays their children accompany them to their offices. Average people on other hand teach their children how to survive. I know majority of  us were caned seriously when your parents found you with money when you are a child. This best explains why our Indian brothers are among the richest in Kenya.

7. They search for knowledge and wisdom rather than formal education
They are rich and successful because they have made money selling and utilizing  a specific knowledge they have acquired. It costs more than $ 5000 to attend a conference shared by the rich.Average people believe the road to riches is through doing masters and doctorates and that education is key to success. Remember the song “ Soma Soma kijana,umalize shule upate kazi mzuri” 

8. They hang out with like minded people
You will rarely find the successful ones in a company of pessimists rather always look for people who are optimists. People whom they can share ideas on how to invest and make more money. Average people on other hand hate them always saying they are boastful. Why would a millionaire hang out with you if all u gonna do is tell him how economy is hard,borrow him cash rather than seek for his knowledge

This is a food for thought,and these are principles we are applying as we seek to grow SocialEdge Africa. Remember to attend the launch of socialpro clubs clubs at the University of Nairobi, School of Business ,Lower Kabete Campus

 Be a SOCIALPRO 





3 comments:

Unknown said...

I totally agree with this...the rich who have acquired their wealth legally teach their children money matters when they are little and the kids are likely to succeed in later life.

Gitonga Munene said...

En i guess everyone should adopt these virtues to better his/her life

Anonymous said...

Your blog is a step in the right direction, however, it is half baked. Question to you son is what have you added to the cliche? the cliche that is personal finance? without understanding the finer nuances of personal finance, you cannot describe the difference between the rich and the poor. This post (as the others) is an attempt to play catch up with the elders that went before you.