A journey of personal growth of an aspiring billionaire entrepreneur
Archive for May, 2009
And finally, Millionaire Habit 9: Respect Money
May 27th
So we have finally come to the end of our series on the 9 Habits of Millionaires as i understood them from Adam Khoo’s e-book. Lets dive right into what is probably the most important of all the habits as it directly relates to money and how we see it.
Habit 9: Respect Money
Do you really respect money? If i was to ask you what you thought of money, I’d get several varying answers many of which would show an unhealthy view towards money. The most common beliefs about money are:
- Money is the root of all evil
- Money is elusive and fleeting
- Having money will cause me more problems
- Rich people are greedy, selfish and unscrupulous
- Poverty is a virtue
- Money will change you(into a bad person)
- You have to work extremely hard to make money
- If i become wealthy
- etc
Most of us want and desire to have lots more money but subconsciously, we walk around with these negative associations towards money and this causes a conflict. Essentially what happens is that we sabotage ourselves from getting money. For example most of us have been brought up to believe that money is the root of all evil. As such we feel guilty about money. So we unconsciously do things to More >
Millionaire Habit 8: Turn Failure into Success
May 25th
Shalom blogren. Its time again to continue on our quest to learn the 9 habits of Millionaires. We are close to the end of our series. Today we look at something particularly difficult for most of us. And that is:
Habit 8: The Ability to turn failure into success
To most of us, failure Is a bad word. Infact, it’s an f-word. We don’t like to fail, so much so that most of us never try to do anything just so we won’t leave any opportunity for that f-word to appear. But this is the greater distinction between us and Millionaires. Most people think that millionaires generally never fail, I mean how else could they be millionaires, right? We’re not millionaires because logically, we’ve failed.
Here’s a truth for you. Millionaires fail a lot more than even you and I. Most millionaires have failed so many times it’s ridiculous. You all heard of Thomas Edison who failed 10,000 times in trying to make a working light bulb. Good grief, I’d have gotten the hint after the 10th time! But millionaires fail more than most of us because they inherently do a lot more, risk a lot more than most of us. The key More >
Quick thought about life's dreams
May 22nd
Hey people, I just thought I’d share this excerpt from the blog of John C. Maxwell-whose only like God’s gift to all things leadership. It makes you think about your lifes dreams abit more clearly. Enjoy.
The Right and Wrong Picture of a Dream
I’ve studied successful people for almost forty years. I’ve known hundreds of high-profile people who achieved big dreams. And I’ve achieved a few dreams of my own. What I’ve discovered is that a lot of people have misconceptions about dreams. Take a look at many of the things that people pursue and call dreams in their lives:
- Day Dreams – Distractions from Current Work
- Pie-in-the-Sky Dreams – Wild Ideas with No Strategy or Basis in Reality
- Bad Dreams – Worries that Breed Fear and Paralysis
- Idealistic Dreams – The Way the World Would Be If You Were in Charge
- Vicarious Dreams – Dreams Lived Through Others
- Romantic Dreams – Belief that Some Person Will Make You Happy
- Career Dreams – Belief that Career Success Will Make You Happy
- Destination Dreams – Belief that a Position, Title, or Award Will Make You Happy
- Material Dreams – Belief that Wealth or Possessions Will Make You Happy
- Seasonal Dreams – A Short Term Target You Try to Reach
If these aren’t good More >
Millionaire Habit 7: Being 100% Committed.
May 22nd
Alright, as we continue our series on the 9 habits of Millionaires, I’d like to ask you a question. Do you really want to be rich? I’m sure your answer is a resounding YES! I mean who wouldn’t? But then, if I ask you, are you committed to being rich? The answer might not be so simple, and in most cases, it’s actually a sheepish “Well No, not really”. This leads us straight into our next habit.
Habit 7: Being 100% Committed.
Millionaires or successful people of any kind are 100% totally committed to achieving their dreams. I personally realized long ago that I merely wished to be financially free. You see, when you think about what it takes to actually become a millionaire, exercising all the previous habits we’ve seen so far, I’m actually not too happy about the hard work and sacrifice that goes with it. If it fell in my lap, that would be great but otherwise, it’s just a nice fantasy to cling onto.
To become a millionaire is simple but certainly not an easy process. I mean, most of these habits we’ve looked at aren’t really rocket science. But living them out on a daily basis isn’t so More >
Millionaire Habit 6: Acting with Integrity
May 21st
Wow, we’re ever coming closer to completing this series on the 9 habits of Millionaires. I am blessed that you guys have been continually following with me as we explore these fascinating habits. I am glad that you guys like me, really want to turn our lives around for the better and not be just average. So right to it then.
Habit 6: Acting with Integrity
Integrity is about being totally honest with yourself, with others and holding a high moral standard. It’s about doing what you say you will and acting consistently with what you say you believe. When you act with Integrity, everyone around you, your family, friends, customers, staff will trust endearingly in you. That’s because they always know where they stand with you. Your customers will always beat a path to your doorstep because they know you’ll give them the highest value for money and not cheat them. Integrity means fulfilling your promises even when it’s going to cost you to do so. It means actaully working 8hours a day that you are paid to and not just playing with facebook, blogging and reading newspapers on the job.
I must confess, I am appalled at the lack of integrity in More >
Millionaire Habit 5: Do what you love.
May 20th
Hello people, I hope you are enjoying this series on the 9 habits of Millionaires. Lets continue.
Habit 5: Do what you love
All successful people in this world have one thing in common. They do what they love.
In Uganda, most of us are looking for shortcuts to getting money and we’re constantly looking for the right business or career path that will get us there. For a while I recall that IT was considered the choice career and then it was Procurement so that people could be on tender boards and eat “enjawulo”.
Let me make this clear, you can never be successful unless you wake up everyday excited & full of passion for the work your going to do. People who love what they do don’t even see it as work. They enjoy themselves tremendously and eat, sleep, breathe what they do. As a result, they become the absolute best at what they do. They are walking encyclopedias about their particular field.
In any industry/ profession there will always be a minority who earn millions and the rest of the majority who earn just enough to get by. Why? Because those who earn the millions absolutely love what they do while the More >
Millionaire Habit 4: Delayed Gratification
May 18th
Greetings dear bloggers and what a short weekend it was. Before I get into this session, let me first send a shout out to my bro the RogueKing whose blog is finally back online after a brief hiatus. So welcome back man, we missed you.
Now, we continue in our series the 9 habits of Millionaires. So far we’ve looked at the habit of giving more than expected, of being proactive and of taking 100% responsibility. As we come halfway in this series I’d be most glad to hear your personal opinions on each habit and how you may or may not challenged in implementing them. So, lets move on shall we.
Habit 4: Delayed Gratification.
Gratification, what a word! Almost conjures up images of sordid carnal pleasure. Well that’s really what it is. Most of us prefer instant gratification which is enjoying right now and to hell with waiting for future benefits. As a result, we spend so much more than we ever invest. By spending on that new car, new flat screen tv, exorbitant rental house or even chips & chicken, we get our instant gratification. But when it comes to saving, investing in land, stocks or even books & training we feel More >
Millionaire habit 3: Take 100% Responsibility
May 15th
Ok, moving on to the next critical habit in the series 9 habits of Millionaires. So far we’ve looked at habit 1: Always exceed expectations and habit 2: Be proactive. Today lets look at one of my personal favorites. This doesn’t apply only to Millionaires but to all of us. In order to live well and live truly, we must practice the following;
Habit 3: Take 100% Responsbility
If there is one habit that we all absolutely need to get in life, it is certainly this one. Taking 100% Responsibility for our lives is absolutely key for being successful. It basically says, whatever I am in life, wherever I am In life, whatever I do in life, is simply because I’e chosen so. To put it more bluntly, the results in your life are absolutely your fault. You choose to be average or excellent, you choose to be married or single, you choose to ignorant or educated. You even choose to be poor or rich.
Millionaires know this very well. It ties back to our last habit of being Proactive. Sadly the majority of us prefer to blame everyone and everything else for their current position in life. No money, no time, poor background, More >
The Apprentice comes of Age
May 15th
Happy Birthday to me, Happy Birthday to me, Happy birthday dear Apprentice…..
Ok ok enough singing for myself but i couldn’t help it cause today is a vary special day for me; not just because its my birthday but it’s my 30th birthday! This is of great significance because in the Bible, the 30th year was considered the coming of age year when a boy becomes a man and begins to fulfill his ministry or purpose in this life.
Let’s look at Joseph. He had a calling on his life but it only came to be when he became 30. King David, annointed King of Israel but only actually became so at 30. And most importantly, our Lord Jesus. His official ministry began when He too became 30.
So, I’m pondering and asking the Master, what is my ministry/ purpose that I’m to embark on now that I’ve hit the big three-oh? Perhaps its simply the ministry of Fatherhood as my daughter is due in a month and half? Perhaps it’s as an entreprenuer with my business?
For most men, this age brings an onset of the midlife crisis which is basically a man desperate for some meaning, direction and hope for his life. More >
The 2nd Millionaire Habit: Being Proactive
May 13th
Shalom good people, on my last post, I started a series on the 9 habits of millionaires. We looked at the first habit which is “Always exceed expectations”. Today we continue learning these powerful yet simple habits that will elevate our lives. So…
Habit 2: Be Proactive
To be proactive simply means to take the initiative and plan for a desired outcome or make things happen. Proactive is the opposite of reactive. Reactive means waiting for things to happen and then responding to them. In order to be a millionaire, you must be the kind of person that makes things happen. Millionaires don’t wait around for opportunities to hit them like water thrown carelessly out of a kazigo doorway. Millionaires actively seek opportunity and if they can’t find them, they create their own.
Most of us unfortunately are too reactive. We sit around whining, complaining and waiting for something to happen or for God to drop everything we want in our laps. How many times have you heard statements like these; When the government reduces taxes, I’ll start that business. Or when my kids finish school, then i’ll be able to make real savings? How about,when my boss leaves the company, then I’ll More >
