Rules of Wealth Part 1

hi i'm matthiashima welcome to today welcome to another beautiful day at the money master class where we teach you to make manage and multiply money today i will be sharing with you on the rules of wealth or the habits which wealthy people have which makes them to create wealth why are some people so wealthy and some people are struggling what is the difference is there a magic the magic is that there is no magic the truth is that there is no no hidden thing the secret is that there is no secret so in this session i'm going to share with you seven certain habits which the wealthy have which if you confirm the same habit it doesn't even matter how old you are things can turn around number one is that people who are wealthy in the majority when you meet them number one they have a positive mindset and attitude to life they have a positive mindset and attitude to life they don't join the majority and speaking those slangs those statements people make that are not consistent with how to create wealth statements like oh money is the root of all evil they quote the bible they say the bible says money is the root of all evil whereas the bible doesn't say so the bible says the love of money is the root of all evil and if you've been with us in the money master class you'll see that when we're laying the foundations we made very clear that money is a neutral instrument in the hand of anyone it has no no character of itself it takes on your character so if you love it more than your family more than god more than anything else money becomes evil but if you use it as an instrument it is a fantastic tool it has changed our world it has given us a medium of exchange it has meant that i can leave london today and go to jamaica and i'll be given a beautiful room to stay in a nice hotel i can sit at the beaches and i'll be served by people i can eat enough in an house standing hotel restaurant in new york money can make me fly to lusaka zambia and they open up their i've stayed in radisson blue in their in lusaka money made that happen you know anywhere you go money is respected it is honored so it is not the root of all evil if there has been evil done with money and if people have pursued it and shown evil it is the character of the pursuant not the money itself you know so they have a positive attitude rich people and then there are some people who have this negative they say rich people are greedy rich people are greedy let's face it you'll be amazed that the most giving people are the rich the less giving people are the poor they behave and think as if i don't have anything to give why do you want me to give then you have you hear real well poor people saying things like money does not grow on trees you know money does not grow on trees you know it depends on which seed you planted money grows everywhere depends on the seed you plant it number two thing the wealthy do apart from having a positive mind is that they have dreams and determination dreams aspirations and determination you know it was b.c forbes the founder of forbes who summarizes by saying the men who have done big things are those who were not afraid to attempt big things and who were not afraid to risk failure to gain success so they have dreams they have determination they step out they do what others have never done they put their money where others wouldn't put it they they go extra mile a young man called elon musk makes 180 million dollars by being one of those who created the the financial platform known as play paypal with 180 million dollars you could have a comfortable life the rest of your life with leftover for your family but through all in a new venture which no one had ever done successfully an electric car and then that sucks eats uh so you find a dream a determination and when that one is busy succeeding he's dreaming other things how to put money in space how to go to mars how to release over 106 satellites in space so that data will be achievable to be cheap to people in various corners of their imagine a man who creates a system where you can access data by by passing your your your telephone service provider your telephone service provider is providing service at 20 pence per minute and elon musk is providing it as six pence who will you go for number three character and habit of wealthy people remember we're sharing on the rule of money and the rule of wealth creation the number three is that they have character and integrity yes you heard me those who create good money those who use their money to do good things who wow our industrialists are businessmen who make a difference in the world they have character and integrity because if you don't have character and integrity one day the money will grow wings and fly away you've got to understand that character will sustain you in tough times integrity will make people want to do business with you character and integrity are a necessity for you to be able to handle major things in fact for people to trust you because there will be a point where your wealth reaches where is more than you it's not your family and they probably outgrew your family it becomes something you want to make a public liability company a plc when you reach that level people want to see character integrity the man who is a mafioso a mafia had cleaned their money and laundered it and i want to start a public liability company only few people like them will invest in that but if it is a person who has character who had who had integrity people threw their money at it i just told you about the young man elon musk who makes money from from from paypal and then puts it in the creation of his car company tesla the moment tesla began to think of going probably boom people threw money at it it became so valuable share because it has a track record of success of of electric cars that work the fourth behavior or habit for creating wealth and money rules is personal and financial self-discipline finance for personal discipline financial discipline you've got to have discipline to create wealth it's very interesting i see people who are struggling who buy two thousand dollar handbags and they don't buy one they don't buy two when i see the two thousand dollars i'm thinking of the shares it will buy i see people who they try to show me the soul of their shoe so i can know that it is a red bottomed shoe which they bought for between a thousand and two thousand dollars now there is a time in your life when you've created wealth and those things are almost like nothing to you oftentimes the people who are buying these status symbols because you see there is class and there are status you can buy one the other one you are eight you are class but status you buy people who buy status tend to be the ones who want us to know what designer they want if you have class people think what you want is some unknown designer that is the truth of life you need to discipline your appetite discipline is also necessary because there will be a point where illegal money can come your way illicit money can come your way illicit business will come your way but those who create wealth they discipline their appetite they don't overspend they don't live in the house they cannot afford and fire you you'll be amazed by the time they are buying a car they could have bought it a hundred times until recently bill gates drove the same 1999 porsche it is amazing we are told the car uh warren buffett drives he's an old car uh what shall we say of sam walton the founder of the big stores walmart who at his passage when he died made a family of wealthy people so that when you put the collective worth of the money of the of the walton family it's more than any wealthy person on earth he used to drive a pickup truck all over the united states of america looking for the next sport to put his mall so listen discipline personal discipline your appetite and your outlook to life and the things you do number five keeping right company who you see determines who sees you who you see determines who you become who you hear determines who hears you your associations are determining your assimilation what i have assimilated in life was determined by the people i chose to associate with either in their books their videos their life or people who might have met so you want to create wealth if you are with the wrong company always hungry oh my old voice association my my body buddy my friend friend my personal person i have people who are close to me but they share nothing they dream no dream they see no vision you cannot rise and create wealth you've got to work on understand when i talk about keeping the right company i'm talking of even people who are like mentors over your life whom you look up to financial mentors who can tell you how to break out of the thousands into the million out of the million into the hundreds of million because each of these things have an invisible barrier yeah in the money master class one of the levels which we are going to create is known as botf billionaires of the future botf billionaires of the future because you see if you have 500 million you're not a billionaire if you have 700 million you're not a billionaire if you have 999 million you are not a billionaire in whatever currency of course is what i'm now talking about there is the habit that made billionaires who they are that's why out of 7.9 billion people on earth we do not have 5 000 billionaires if we use the dollar of course as the barometer for measuring so your own home currency maybe you're not a billionaire we will be teaching what's the difference so if you can apply the principle so you can break into the level they have broken into botf billionaires of the future and the money master class is going to be having three levels you see it on our platform and you can click and be one of it so if you are enjoying this video by the way you need to share it you need to click you need to subscribe it's not enough for you to watch you need to subscribe so that we know that it has been beneficial to you and many of the other videos will now be able to be available to you

Channel: Wealth MasterClass

Views: 44,006

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Id: 85kM8SZpDIA

Length: 13min 17sec (797 seconds)

Published: Fri Oct 09 2020