5 Rich Principles will Change Your Life forever

 5 Rich Principles will Change Your Life forever

          I believe that everyone has the potential to become rich but why are the resources found only in the hands of a few.this is one of the questions that comes up often but i think the answer not for our fetched,the rich people have learned powerful skills and timless principles that they practice every day and this has allowed them to remain rich,these skills and principles wich they have mastered is what separates them from everyday people,it is what makes them remain in riches,circumstances may change but principles remain the same.here are a few of those principles.

==>principle 1: 

Rich  people  think abundance but poor people think lack the rich have a completely different mindset when it comes to how to make money it begins from how they think scripture says as a man thinks in his heart so is he,one thing the rich have been able to master is their act of thinking they understand that their thoughts would breed action and their actions would breed results they understand the first law of success which is "first within then without" will you have become on the inside will be reflected on the outside,when you realize that most people are poor it is good for you to make up your mind that you won't go along that mind time that they have chosen to follow.

==>principle 2:

 Rich people see opportunity,poor people see problems;imagine a teacher who got an appointment to teach at a secondry school and he had to teach the senior class the ones preparing for their final exams he taught them throughout the term and after they had written the exams a large number of them failed and had to repeat the class,the teacher could react to this  by saying i don't even understand why these students are so dull after all my efforts of teaching they still failed yet,another teacher comes and sees the amount of failure among the students and he immediately recognizes an opportunity to make money while imparting positively into the lives of these students,this can be done either by writing a book on practical guide to passing their exams excellently well or he organizes extra classes for the students where they have to pay extra token to get coaching for their exams,the difference between the two teachers is that the first one saw problem and the secend one saw an opportunity.

==>Principle 3: 

Rich people allow the interest on their investment to compound the truth is no matter how great talent or efforts some things just take time Warren Buffett says wealth is one of them there is always a time interval between the time you make investments and when your investments will yield dividends,the rich understand the law of delayed gratification.the rich understand the principles of compound interest and they make it work for them they simply take the interest that accrues from an initial capital invested and put it back into the business to generate more profit from the initial profit .

==>Principle 4: 

Rich people mind their associations while the poor dont it is said that "your network will detemine your worth"rich people are careful and deliberate and creating a particular kind of a network around them,people with empires in their mind,people whose ideas if worked on and invested in will become goldmindes,even the scripture says he who works with the wise will why spending tome with wealthy people is vital if you want to succeed financially you'll be amazed at how your perspective changes when you hear people talking about how much they make in a single day.I heard the story of jackie Kennedy the once-upon-a-time wife of Jhon kennedy when she said "if i was broke i know what i will do to get back on my feet i will go to the most expensive restaurant in New York buy myself a glass of water and eavesdrop on the conversations  of the rich "they are careful not to keep  within their circle of friends people who are myopic in their thinking,this is how important your association can be.

==>Principle 5:

 Rich people make their money work for them while the poor work for money a very large number of people work for money this is because of the impression that they were given while growing up that to become successful you must study hard and get good grades go to the best schools secure a good paying job and save until you retire,there is nothing wrong with all of this as long as you are fulfilled but Robert Kiyosaki says "the problem with this approach is that you only make money as long as you work ";he said the only value that you have to exchange is your time but when we extchange our time for money our earning potential is limited because you can only make money while at your job and so to make more money you have to work longer hours which   physically taxing,he says that the rich Dad told him "the poor and the middle class worked for money while the rich have money work for them" they do this by learning to invest and then putting their money in assets like businesses and investments that generates passive income until they reach the point where they don't have to work anymore they simply spend their money on asets while poor spends theirs on liabilities