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| Chief Godwin Anabor & Wife, Loretta, A Nigerian Businessman turned Cab Driver |
Is it penny
wise, pound foolish? I don’t think so. I think that trying to make small
economies in order to become prosperous is doomed to failure. It won’t make you
rich but it will make you miserable. And being miserable isn’t a good place to
start out each day. You need a decent breakfast and a positive attitude.
wise, pound foolish? I don’t think so. I think that trying to make small
economies in order to become prosperous is doomed to failure. It won’t make you
rich but it will make you miserable. And being miserable isn’t a good place to
start out each day. You need a decent breakfast and a positive attitude.
Cutting out your
daily cappuccino might help you lose weight, and it might reduce your caffeine
intake, but it isn’t going to make you rich and it might well make you feel
miserable.
daily cappuccino might help you lose weight, and it might reduce your caffeine
intake, but it isn’t going to make you rich and it might well make you feel
miserable.
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“If you can’t afford what you want, buy
less, but buy quality. Save up by all means for those big purchases or ask if
you really need them, but don’t start thinking that giving up little luxuries,
little treats, and little life enhancers, will somehow increase your wealth. It
won’t. It will keep you trapped in the poverty cycle”.
So what about
all that penny-pinching stuff? It seems to have been invented by the puritans –
if you enjoy it, it has to be wrong. Some people get satisfaction out of being
frugal, but if that isn’t you, then don’t deny yourself small pleasures in the
belief that that’s the way to wealth.
all that penny-pinching stuff? It seems to have been invented by the puritans –
if you enjoy it, it has to be wrong. Some people get satisfaction out of being
frugal, but if that isn’t you, then don’t deny yourself small pleasures in the
belief that that’s the way to wealth.
Hang on though.
Didn’t I say in an earlier Rule that the rich are eagle-eyed and that you had
to stop money leaks? Indeed. But that’s different. While getting your finances
in order is a good thing, going without isn’t. Make sure you aren’t giving
money away by being careless (those are the leaks) but don’t deny yourself the
very small pleasures that enrich your life – just don’t go mad. If you can’t
afford what you want, buy less, but buy quality. Save up by all means for those
big purchases or ask if you really need them, but don’t start thinking that
giving up little luxuries, little treats, and little life enhancers, will
somehow increase your wealth. It won’t. It will keep you trapped in the poverty
cycle. Escaping from the poverty cycle and the penury mindset is your key to
success, your path to prosperity.
Didn’t I say in an earlier Rule that the rich are eagle-eyed and that you had
to stop money leaks? Indeed. But that’s different. While getting your finances
in order is a good thing, going without isn’t. Make sure you aren’t giving
money away by being careless (those are the leaks) but don’t deny yourself the
very small pleasures that enrich your life – just don’t go mad. If you can’t
afford what you want, buy less, but buy quality. Save up by all means for those
big purchases or ask if you really need them, but don’t start thinking that
giving up little luxuries, little treats, and little life enhancers, will
somehow increase your wealth. It won’t. It will keep you trapped in the poverty
cycle. Escaping from the poverty cycle and the penury mindset is your key to
success, your path to prosperity.
Wealthy people
don’t scrimp and save. Sure some of them are quite tight fisted and you’d have
to crowbar their wallets off them. But while they watch their money carefully,
they don’t cut the odd coffee or buy cheap jam in the hope it will make them wealthier.
It obviously won’t.
don’t scrimp and save. Sure some of them are quite tight fisted and you’d have
to crowbar their wallets off them. But while they watch their money carefully,
they don’t cut the odd coffee or buy cheap jam in the hope it will make them wealthier.
It obviously won’t.
Like being on a diet, if you deny yourself every
small pleasure, you’ll probably fail. Little indulgences are the way forward.
Now who else is going to tell you that?
small pleasure, you’ll probably fail. Little indulgences are the way forward.
Now who else is going to tell you that?
From
The Book; The Rules of Wealth
by Richard Templar
The Book; The Rules of Wealth
by Richard Templar
(Read Rule
33 of Rule of Wealth tomorrow on Asabeafrika)
33 of Rule of Wealth tomorrow on Asabeafrika)
Read-to-Wealth Series
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