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10 Steps to Get Rich

10 steps to get rich blog post image

We summarize a post written by Robert Kiyosaki, that shares shares 10 steps to get rich.

Click the player to listen to this episode of The BIGG Success Show Podcast, where you’ll hear The Professor shares his expertise with perspective as both a business owner, and an educator on entrepreneurship. Below is a summary of the discussion.

He started in 1975 with just $700 to his name. Now he’s a millionaire many times over.

The amazing Robert Kiyosaki, author of the #1 New York Times best seller Rich Dad, Poor Dad. And he has a simple message:

“With every dollar in your hand, you have the power to choose to be rich, poor or middle class.”

We found a great post by Kiyosaki over at our friend Josh Hinds’ Get Motivation blog. It’s lengthy, but well worth the read.

We’ve provided a summary here for your convenience. Let’s go to The Professor’s Whiteboard for Kyosaki’s 10 steps to get rich.

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The Gratefulness Dividend

image of woman with eyes closed and hands together for the blog titled The Gratefullness Dividend

A gratefulness dividend flows to those who fight off abundance denial.

We discussed abundance denial and the Gratefulness Dividend on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by a book by Gregg Easterbrook called The Progress Paradox: How Life Gets Better While People Feel Worse.* He coined the phrase “abundance denial.” We discovered his book when we did our show on the hedonic treadmill.

It’s easy to complain. The two of us fight the urge. So this episode was done as a reminder to us. We hope it helps you as well.

So, let’s look at how to fight off abundance denial and reap the rewards of gratitude.

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Maintain an Abundance Mindset Amid the Scarcity

Maintain an Abundance Mindset blog post title image

An abundance mindset creates more abundance. So why do so many people only see scarcity?

We discussed abundance and scarcity on The BIGG Success Show today. Here’s a summary of that discussion.

This show was inspired by an article on Forbes by Ginger Dean, founder of Girls Just Wanna Have Funds. We talked about how your mindset affects your money, your career, and your life.

We write this as a reminder to ourselves. We hope it helps you as well.

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Is Your Attitude About Money Keeping You From Getting More Money?

change your attitude about money for BIGG SuccessHow much is your attitude about money costing you?

How much more money could you have if you changed your attitude?

Listen to this post! Click a player to hear George & Mary-Lynn on The BIGG Success Show Podcast (Duration: 4:43)

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There’s a dangerous undercurrent running through our society. It’s not new – this persistent attitude about money has been with us since at least 1526.

But it seems the Great Recession has it roaring its ugly head.

What is it?

It’s the attitude that money is evil.

Therefore, people who have money are evil. This attitude manifests itself in a number of ways. We’ll share three of them.

A lack of money is superior to an abundance of it. Wrong!

Somehow, not having money is a higher order. There’s no dignity in being poor. There is only dignity in being yourself.

You’re not a bad person because you don’t have money. You’re not a bad person because you do have money.

You are who you are. Your circumstances don’t define you unless you let them.

The journey to BIGG success begins by accepting your present conditions so you create your dream future.

It’s your decision and your decision alone.

If you want more money, you can get it. You can get it with honor. But it won’t happen if you don’t feel like you deserve it.

Increase your self-worth to build your net worth.

When someone wins, someone else loses. Wrong!

Hollywood propagates this myth. Washington seems to buy in to it as well. So do many of our fellow citizens. This myth holds good people back.

It’s zero-sum thinking. Sure, there are a few zero-sum games.

For example, futures exchanges have a person on each side of a contract. One gains the exact amount the other person loses.

However, the intention of these exchanges was to provide insurance for producers. So any loss is like paying your insurance premium.

We live in an abundant world if we can only see it. Your gains can lead to gains for others, not losses.

You don’t hurt other people by getting more money. You help them.

You help them get a job. You create opportunities for promotions. You help them make more money.

They in turn, help others…and YOU! It’s the wonderful nature of our economic system. We all help each other – if we have the right attitude about money.

Social entepreneurship is superior to traditional entrepreneurship. Wrong!

Social entrepreneurs are not a higher order than entrepreneurs who create wealth.

Yes, social entrepreneurship is valuable to society. But so is traditional entrepreneurship.

One might even argue that entrepreneurs who create wealth are the higher order. They don’t just build a sustainable organization that solves problems for its constituents, but also one that creates wealth for its stakeholders.

Wealth which creates more wealth, as other entrepreneurial firms spin off. Entrepreneurship begets entrepreneurship.

Our point is that neither is superior. They both have their roles, their time and place.

The harmful thing is when we think getting rich is a bad thing. Getting filthy rich is even worse. There’s no such thing as filthy rich.

You can be rich and filthy, but you can also be poor and filthy.

Money is a tool. It can be used for good or bad.

It doesn’t have anything to do with the money. It has everything to do with the person who has the money.

It’s a good thing to legitimately build a fortune. And contrary to popular opinion, most millionaires and even billionaires today weren’t born with a platinum spoon in their mouth.

They worked hard for years. They faced adversity after adversity. They overcame them. They deserve what they have.

See yourself as deserving and you’ll be a BIGG success!

How has a change in your attitude helped you earn more money?

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Money Can Buy Happiness

Does money equal happiness | BIGG SuccessMoney can’t buy happiness. We’ve heard it over and over.

Mostly from people who don’t have money!

Is it true? No, it’s not. For two reasons.

First, research has shown that when money buys basic needs which weren’t being met before, there is a huge spike in happiness.

Beyond that, however, spending money leads to only momentary increases in happiness. The happiness is gone before the newness wears off.

However, the second reason is more compelling.

Elizabeth Dunn is a social psychologist at the University of British Columbia. Her research focuses on why people inaccurately predict their future well-being.

For example, in one study, she asked people whether they would be happier spending $5 to $20 on themselves or on others. The majority said they would rather spend it on themselves.

She then gave a second group envelopes stuffed with either $5 or $20. Half were told to spend the money on themselves. The other half were instructed to buy a gift for someone or donate it.

The people who gave it away were happier than those who spent it on themselves!

She followed this study with two more – one that looked at what people did with a bonus and another that looked at giving as a percentage of income. . She found that happiness was driven more by the amount given than the amount received.

She said that “if [giving] becomes a way of living, then it could make a lasting difference.”

As we enjoy this “most wonderful time of the year,” this study serves as a reminder that the spirit of giving should be with us all year.

Money can buy happiness when you give it away.

Giving sends a signal to your brain. It says that you have more than enough. It creates a sense of abundance. And it leads to many happy returns. That’s BIGG success!