One of our goals as black people in America is to become wealthy. If we want to become wealthy. we must start to do, as the wealthy do. Here are a few things that the wealthy do.
Invest: We must realize that wealth is different than rich. We've been conditioned to believe we should work for our money. Wealthy people don't believe this. The wealthy put their money to work. They save a small portion of their money, the rest is invested with the sole purpose of creating more. We as black people don't tend to save or invest. Economic downturns like the one we saw in 2008, hurt us the most. Of course, everyone was affected in some way, but not like us. This is a direct result of not investing. When we don't invest, and have multiple income streams to fall back on, we struggle. We need to start investing in order to become wealthy. Think Positively: The power of positive thinking is real. If we can envision it, chances are we can achieve it. I had a high school football coach who would tell me, the night before a game - to literally sit down a envision yourself having a great game. No matter the situation, positivity is a choice. The wealthy understand this. Take Risks: The wealthy didn't get get wealthy by getting a job in a cubicle and saving their money, they take risks but calculated risks. Successful people do the things unsuccessful people are unwilling to do.The wealthy take risks for the payoffs. They seize the opportunity. They don't sit on the sidelines. Cut Losses: The wealthy don't make a bad situation worse. They cut their losses and move on to the next opportunity. Continue Learning: The wealthy continue to learn, They are constantly learning in order to take advantage of new opportunities.
-Action-Since we have a goal of building our wealth these are a few of the things we can start doing immediately. We can start taking calculated risks in terms of money and business, we can think positively, we can cut our losses if we find ourselves in bad situations. We can invest and we can continue to learn new things. Take the first step.