So I hate to admit it but i’m not rich. Phew, there, I’m out of the closet. Apparently tho, If you took the time to really sIt down and study rich people closely, you would come to the other shocking revelation of the day.

Rich people aren’t really any better than you! Yes, they aren’t smarter, more beautiful or even as fun as you. So why are they rich and your not? Well according to T. Harv Eker, bestselling author of “The Secrets of the Millionaire Mind“, there are 17 distinct differences between you and the rich, which are:

1. Rich people believe: “I create my life.” Poor people believe: “Life happens to me.”
2. Rich people play the money game to win. Poor people play the money game to not lose.
3. Rich people are committed to being rich. Poor people want to be rich.
4. Rich people think big. Poor people think small.
5. Rich people focus on opportunities. Poor people focus on obstacles.
6. Rich people admire other rich and successful people. Poor people resent rich and successful people.
7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
8. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
9. Rich people are bigger than their problems. Poor people are smaller than their problems.
10. Rich people are excellent receivers. Poor people are poor receivers.
11. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
12. Rich people think “both.” Poor people think “either/or.”
13. Rich people focus on their net worth. Poor people focus on their working income.
14. Rich people manage their money well. Poor people mismanage their money well.
15. Rich people have their money work hard for them. Poor people work hard for their money.
16. Rich people act in spite of fear. Poor people let fear stop them.
17. Rich people constantly learn and grow. Poor people think they already know.

So, I’m taking a bit of time, well plenty of time to dwell on these and compare with the rest of my life to identify why i’m not rich yet. I hope this helps you because I want everyone of you to succeed.

Shalom

The other day I was speaking to my cousin who is one of the closest people to me and he shared a very interesting revelation. You see he has a dream to own an Audi S8 which costs over 120,000$ and thats before the local revenue boys even ask for your shipping documents. Not to mention he wants to have a net worth of about 5million dollars in the next 5years. Now thats a BHAG!

Now, he realised that to actually achieve these dreams, he needs to have a much larger Mindspace than what he currently has. What is Mindspace you ask? Well some call it mind set but i say it’s the capacity or scale of the positive and empowering thoughts and beliefs you have.

Basically as long as your thoughts and beliefs are congruent with your dreams, you will achieve them. In my cousins case, if his thoughts and beliefs allow him to comprehend flying to Germany to customize the machine he wants, wire the money to Audi, put it on a plane to deliver it, give URA another cheque of UGX 100Million, then reach into his wallet and pull out another UGX 250,000 to fill up the gas tank, well lets just say it will probably happen very quickly. His Mindspace tells him that this is as normal as putting on clothes.

However, if his Mindspace is too small, well lets just say the closest he’ll ever get to that machine is pictures and videos on the internet.

Napoloen Hill says “What ever the mind of a man can concieve and believe, he will achieve” and the Master Himself says “As a man thinketh, so is he”. The point I’m trying to make is that our mindspace dictates directly the kind of results we have in life whether they be successes or failures.

My cousin rightly realised that inorder to achieve his dreams, he absolutely needs to increase his mindspace. Further more, his mindspace has to grow so that he can also accommodate the changes necessary to actually own such a car. The house where he will park that car, the maintenance costs to run it, the amount of money he’ll need to carry in his wallet daily, the friends he’ll have(and enemies), the standing in society that he’ll project, the level of business transactions he’ll be executing.

A great Mindspace is essential for a great life!

So if you have a dream, you will have to enlarge(or shrink) your mindset to accommodate that dream and everything that goes with it. Basically wealthy, successful and happy people have very large and positive mindspaces while poor, unhappy failures have tiny dark mindspaces.

So i ask again, how’s your mindspace?

It’s almost an obsession of mine to understand how to be a super achiever in my own life and this blog is dedicated to sharing with you what I learn. Brian Tracy is one of the foremost success gurus out there and a personal favorite of mine. He says success comes when you have these seven C’s in firmly in place. Here are Tracy’s 7C’s for your success.

After having studied top achievers and peak performers over the past 25 years, I’ve concluded that these unique men and women, have in most cases, mastered what I call the Seven C’s of Success.

1. Clarity—Eighty percent of success comes from being clear on who you are, what you believe in and what you want.

2. Competence—You can’t climb to the next rung on the ladder until you are excellent at what you do now.

3. Constraints—Eighty percent of all obstacles to success come from within. Find out what is constraining, in you or your company, and deal with it.

4. Concentration—The ability to focus on one thing single-mindedly and see it through until it’s done takes more character than anything else

5. Creativity—Flood your life with ideas from many sources. Creativity needs to be exercised like a muscle; if you don’t use it you’ll lose it.

6. Courage —Most in demand and least in supply, courage is the willingness to do the things you know are right.

7. Continuous learning—Read, at the very least, one book a week on business to keep you miles ahead of the competition. And just as you eat and bathe, organize your time so you spend 30 minutes a day exploring e-mail, sending messages, going through Web sites, because like exercise, it’s the only way you can keep on top of technology. If you get away from it, you’ll lose your edge.

Hey everyone, Happy new year to you all and welcome back. It’s great to be alive and back again for a new year. You could be sick, in jail, or dead or dying but nope, here you are reading this blog. So lets thank the Master for life and another chance to do things better.

The beginning of the year is a particularly intriguing time. It’s perhaps the only time in the year (except for our birthdays) that we really take time to reflect on the past and future seriously. Thats why resolutions are generally made at the start of the year.

For the last three years I’ve been in the habit of not making resolutions. I find that new year resolutions generally set me up for failure. They are usually not made with the right convictions and then followed up with really weak efforts. By end of March, I’m caught up in the waves of daily life and nearly forgotten most of my resolutions . Then the end of the year comes and I beat up myself because I didn’t even make a scratch in my resolutions. Does that sound familiar?

My solution to this crap cycle is to have a constant set of personal goals that I work on regardless of whether its a new year or not. I find this to be much a more progressive and fulfilling approach. Have your 3months, 1year, 5year and 10year goals at all times. They give direction, focus and hope.

An interesting alternative for new year resolutions is having an overall Yearly Theme. I found this on Steve Pavlina’s blog, an individual whose material i find to be exceptionally deep and insightful. His approach is to have a general theme for each year. For example 2008 his theme was Health, 2009 Relationships. This gives you a nice framework that helps you focus on a particular area of your life for one whole year whilst still working on your regular life goals.

Whatever you choose to do for 2010, what I can say is any resolution, goal or theme is better than just floating through the year and seeing what happens. As the saying goes “if you don’t know where your going, any road will take you there”.

I read somewhere that we tend to overestimate what we can accomplish in a single year and underestimate what we can do in ten years. It hit me so hard to realise that we’ve just completed the first decade of the century! Think about that for a moment. 10 years. I think of all that i could have achieved by now if i’d only made serious commitments and goals ten years ago!

Heck, i simply decided to have flimsy resolutions and see where the year takes me. Now I’m still as far away from achieving my dreams as i was 10years ago! That is disturbing. I’m certainly not going to make that mistake with the next ten. I encourage you not to make it either.

So I bid you health, wealth and love in every aspect of your life in 2010. May be prosperous, may you become a greater person than you ever dreamed, may you conquer giants and love and be loved deeply. And may the Master be your guide, your strength, your refuge and your hope in this year and beyond. Amen

Let’s make 2010 a spectacular year.

Shalom

“I hope you live more, love more, laugh more, dare more, take mind blowing risks and achieve more in the new year.” New years SMS from a friend

Today in my mail, I discovered a pleasant bonus in one of my weekly inspirational newsletters. The 13 absolutely unbreakable laws of success by Brian Tracy, one of my favorite motivational speakers. Here it is in simple and no nonsense breakdown of things you must learn to do to achieve great and lasting success in your life. I give you, the 13 Absolutely Unbreakable Laws of Success.

1. The Law of Control:

You feel good about yourself to the degree at which you feel you are in control of your own life.

2. The Law of Responsibility:

You are completely responsible for everything you are and for everything you become and achieve.

3. The Law of Direction:

Successful people have a clear sense of purpose and direction in every area of their lives.

4. The Law of Compensation:

You are always fully compensated for whatever you do, positive or negative.

5. The Law of Service:

Your rewards in life will always be in direct proportion to the value of your service to others.

6. The Law of Applied Effort:

All things are amenable to hard work.

7. The Law of Overcompensation:

If you always do more than you are paid for, you will always be paid more than you are getting now.

8. The Law of Preparation:

Effective performance is preceded by painstaking preparation.

9. The Law of Forced Efficiency:

The more things you have to do in a limited period of time, the more you will be forced to work on your most important tasks.

10. The Law of Decision:

Every great leap forward in life is preceded by a clear decision and a commitment to action.

11. The Law of Creativity:

Every advance in human life begins with an idea in the mind of a single person.

12. The Law of Flexibility:

Success is best achieved when you are clear about the goal but flexible about the process of getting there.

13. The Law of Persistence:

Your ability to persist in the face of setbacks and disappointments is your measure of your belief in yourself and your ability to succeed.

Shalom

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 get rid of the money in our lives. If you have 5million shillings on your account, you find ways to spend, lend, waste, give it away to abate the guilt you have in actually having that much money. Please note that as long as you have this disrespect for money, you will never be able to truly prosper. 

Millionaires on the other hand have a high respect for money. They see money as a tool, an ally and even as a friend. Millionaires know that money can do a lot for them. Millionaires realize that money offers them opportunity to do the things they really want, go where they want and buy what they want. Money to them therefore is highly respected. They don’t waste it. They don’t throw it away. They don’t feel ashamed of having it either. In the same breath, millionaires are not slaves to money. They don’t work for money. Money is a result of them offering tremendous value in the marketplace. They know that their true worth doesn’t come from money but with the value and ideas they have to offer. Money to millionaires is merely a way of keeping score.

So we must work on changing our beliefs and attitudes towards money into more healthy and empowering ones. I personally have chosen to adopt some of the following beliefs about money:

• Money is abundant and comes easily and frequently to me.
• Money helps me live the lifestyle I desire
• Money enables me to richly bless those around me
• Money is an effective tool that I use in my life
• Money is a reflection of the value I offer in this world
• Having money is generally better than not having it.  
• Money gives me tremendous influence for good
• etc

I’d definitely like to hear your new found respect and beliefs of money. I could use a few more myself. Recognize that most of your beliefs about money are myths that were unwittingly passed onto you by you parents and society. You want to be rich. You can be rich. Give yourself permission to do so. I know i have. And everyday I’m striving to develop all these 9 habits.

And thats it folks. Phew! Thank you for following this series, I do hope you were blessed by it. I will be anxiously waiting to hear your various feedbacks about how easy, difficult or practical it’s been for you to live out these habits. For your reading convenience here are all the Habits listed once again.  

• Habit 1: Give more than Expected
• Habit 2: Be Proactive
• Habit 3: Take 100% Responsibility
• Habit 4: Delayed Gratification
• Habit 5: Do what you love
• Habit 6: Act with Integrity
• Habit 7: Be 100% Committed
• Habit 8: The Ability to turn Failure into Success
• Habit 9: Respect Money

Shalom

JAMES RUSSELL LOWELL:
Wealth may be an excellent thing, for it means power, and it means leisure, it means liberty. 

WOODY ALLEN:
Money is better than poverty, if only for financial reasons.

 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 difference is that millionaires don’t fear failure because they have learned to use it as an ally. Failure to them is simply feedback. It shows them what’s not working and this allows them to change strategy continuously till they eventually succeed.

I don’t know about you, but I’m the kind of person who fails and takes it personally and quits. 3years ago I failed in my first business and guess what I did? Yep, I quit. I didn’t see my failure as feedback that something needed to be changed. Right now, I’m back in the saddle and looking at my past failures trying to understand what I did wrong, correct them this time round and get a better result. Thomas Edison in an interview later responded to a question of how he dealt with such colossal failure, said “I never failed. I simply discovered 10,000 ways not to do it!”

A Chinese proverb says “Madness is doing the same thing again and again and expecting a different outcome” That’s how a lot of people deal with failure. They keep doing the same thing over and over hoping that they will achieve a different result. You can’t keep spending all your money by the 2nd week of each month and hope that after one year of this, you will be debt free?!

In becoming the millionaire or successful person you dream of being, be prepared to fail many times before you achieve success. The important thing is to remember that failure is an event, it’s not who you are. Learn from it, change tactics and commit 100% to doing whatever it takes to achieve success and you will be victorious. I know it’s hard. One of the greatest human fears is the fear of failure.

I personally battle fear in many of its different persona’s so this habit is a challenge for me. As an entrepreneur, I can’t help but find myself fearing that I’m going to fail like I did the last time. That I don’t know enough. I’m not stong enough. I remember the ripple effects my failure had and it sometimes stops me in my tracks sometimes. But the grace of the Master helps me to face my fears each day and know that I’ve learned a lot since I was a naïve young man and I should trust that knowledge will see me through. The Rogue king wrote something about failure.

So my millionaire blogren, lets learn how to turn our failures into success. Our next habit is the last and not least of them which is Habit 9: Respect Money

Later

BARACK OBAMA:

Making your mark on the world is hard. If it were easy, everybody would do it. But it’s not. It takes patience, it takes commitment, and it comes with plenty of failure along the way. The real test is not whether you avoid this failure, because you won’t. it’s whether you let it harden or shame you into inaction, or whether you learn from it; whether you choose to persevere.

HAVELOCK ELLIS:

 It is on our failures that we base a new and different and better success

JOHN DEWEY:Failure is instructive. The person who really thinks learns quite as much from his failures as from his successes.

LLOYD JONES:

Those who try to do something and fail are infinitely better than those who try nothing and succeed.

MICHAEL JORDAN:

I’ve missed more than 9,000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life and that is why I succeed.

SAMUEL SMILES :

We learn wisdom from failure much more than from success. We often discover what will do, by finding out what will not do; and probably he who never made a mistake never made a discovery.

 

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 easy. Once you decide to become a millionaire, you will face heavy opposition and obstacles. Life isn’t going to just hand you everything on a silver platter. You have to fight for your goals. When everything is going to hell in a hand basket around you, you must be committed enough to your goal that you stick it thru.

Being 100% committed means when that when you fail 10, 50, 100 times, you don’t give up. You simply modify your approach and change what’s not working and press on. Most of us quit when we fail the first time because achieving that goal isn’t really a MUST. Whenever something in our lives is an absolute must, then we will do whatever it takes. Notice that for most people, being rich isn’t a Must hence there are so few rich people. On the other hand surviving is an absolute must for all of us so the majority of us are merely…that’s right, surviving. We easily give up and find all sorts of excuses why we can’t why it won’t work.

For example, when you have your landlord threatening to throw you out of your house because the rent is due, do you ever notice how you somehow manage to find the money even when you’re broke? See, you must come to a point where it’s absolutely a must to achieve success and that nothing else will do.

I remember a couple of years ago when the Rogue King and I started our first business together, I can’t even begin to count the number of friends and strangers alike who kept praising us for stepping out and starting a business. They went on and on about how being employed is no way to get rich and how they also wanted to start their own thing and succeed. 6years later I can’t pinpoint even one who has gone onto do so. Why? Because it’s not really a must for them to do so. They merely wish of doing it someday.

 To be a millionaire you must really, really want to be one and make certain that you have pressure to achieve your goal. This kind of positive pressure is gained by staking all you have on your dream. Stake everything on achieving your goal. The easiest way to get this sort of pressure on yourself, is to make a public declaration. Write down your goals. Tell a friend. If you want to quit that job and start a business, write out your resignation letter and give it to a friend to hand it in for you after a specific period if you haven’t gotten out by then. Declare to the bloggers that if you don’t hit a target of 500,000/= a month in profit from your business, then you will buy the entire rounds for the next 3 Bloggers Happy Hour.

The point is, you must, absolutely must be committed to being a millionaire or else life’s challenges and obstacles will knock you out of the race before you’ve even taken 5steps.  I leave you with this interesting analogy. In a meal of bacon and Eggs, the chicken is involved but the pig is committed. So the question I ask once again, are you really committed to being a millionaire?

Till next time for habit 8: Turn failure into Success,

Shalom

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 Uganda today. It’s extremely maddening that people will lie and cheat like they eat & breathe. Even kids now have no problem in cheating on their exams and copying each others courseworks. If there is a reason why Uganda’s progress has slowed and even seems to be reversing, it’s because of a great lack in integrity. Reputation means nothing to people anymore. Look at your global funds, GAVI, election fraud, massive corruption. I wrote about this last year here.

Millionaires are people of Integrity. The word of a millionaire is worth millions. Sure there are a few(an in our case, seems like the majority) of millionaires who have lying, cheating, scum of the earth but as a rule of thumb their wealth will not last. The book of Proverbs 13:11 says

“Wealth gained dishonestly dwindles away, but he who gathers by hand makes it grow.”

I’m personally learning each day to live with Integrity. It’s not easy but it must be done. In a country like ours, the millionaires are going to come from the few individuals who are absolutely trustworthy in the midst of the insane dishonesty and corruption. I am working to make sure that I am one of the few, how about you?

I’ll close with this interesting fact. In the bestselling book ‘The Millionaire Mind’, author Thomas Stanley interviewed 733 multi-millionaires and asked them what were the key factors that contributed to their wealth. Ranked number one was ‘being honest with people‘. This factor was ranked way ahead of factors like ‘making wise investments’, ‘working hard’ and ‘having a competitive spirit’. Think about that till we next meet to discuss habit 7: Be 100% Committed.

 Shalom

“Integrity is the essence of everything successful” Richard Buckminister Fuller

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 rest of us simply do it because that’s what you studied or it’s where you were told the money is.  There is no perfect millionaire career path. Whatever it is you choose, you can be a millionaire. You simply have to be absolutely 12o% committed to being the best in that particular field. And you can only do so in something that you love doing.

Tiger Woods is the best golfer in the world because of his intense love for the game and his obsessive commitment to practice and improvement. The same was true for Michael Jordan. He wasn’t the most gifted basketball player. Infact, he was rejected from his high school team the first time he tried. But his love for the game and commitment to training made him a legend. Steven Speilberg loves making movies, Tom Clancy loves writing about all things military, Museveni loves to rule

Realise one thing about all these people is despite the fortunes they’ve amassed, they still continue working. That’s because for them, it’s not about the money per se; its about their passion and being the absolute best at what they do. They love what they do so much, they would do it for free!

If you’re wondering why you aren’t successful, why you aren’t motivated or focused, the reason is very simple. You’re not doing what you love. Find what you love. We have been taught by our parents that in order to be successful, you gotta find a good job and work real hard for 30years. Simply put,

go to school > work hard > make enough money > do what you’ve always wanted

but the millionaire principle is

find what you love > become real good at it > make tons of money > continue doing what you love.

Again, it really doesn’t matter what it is you love. It maybe technology, sports, clothes, cooking, baby sitting, writing, nsenene, gonja, whatever.You can be a millionaire doing anything you choose as long as you’re the best in the business.

So let us ask ourselves the following questions:

1. What do I love to do? What would I do even if I’m not getting paid?
2. If time, money, resources were not an issue, what would you be doing on a daily basis?
3. Who are the people who have made a fortune around my passion?

Answer these questions and get serious about making your fortune doing what you love. Next up, Habit 6:Acting with Integrity

Shalom