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It’s not about ‘on what you spend’ it’s all about the
attitude. Suppose a great soul and mediocre mind is sitting in a restaurant a
table apart enjoying the extremely expensive Almas Caviar. And if the mediocre
guy is asked, why he is doing so, the reply probably would be “am rich, just
chilling” Upon asked the same question the great soul would go “am investing”
(He sure will do if he has read this article). That thin line hence is not
about being stingy on spending money, but on ‘why you do it’. Not ‘what you do’
or ‘how you do’ but why.
Back to the Caviar story, If you ask them each a second
question “why do you say so”, the mediocre person would go “what does that
suppose to mean” while the great mind would surely reply something like this
“Am rewarding myself for the great deal I got my organization” or “It’s a
battle from tomorrow just preparing my mind and relaxing myself for the crucial
round of negotiations"
After understanding this principle your complete attitude towards using money will change you will become powerful with each dime you burn. Investing is not limited to good times, invest all the time you can. You don't need caviar to invest on, maybe all that you have are bread crumbs,as in the song 'Live like we are dying' Kris Allen sings "you could make a fest from these crumbs" Don't wait for everything to settle or come to its place so you can start investing. It never will. Life's a bit hard. You got to to chase it down or you starve! If you got nothing, start with what you have and people with everything don't -Time. That's all that comes free, everything else - You got to chase it down!
One easy way to exercise this law in your real life is to picture yourself as a company. Invest like those fortune 500 firms. Your most valuable asset is your time. Invest it with people who are worth it. Life is limited. Make sure you stay away from letting down people who spend (invest) their time with you just like how companies hate to let down their shareholders.
Don’t spend a single moment out of the 86,400 you are granted a day. Invest in them. You got to reap the benefits off every moment. Obviously to reap you need to invest, this reaping factor differentiates spending from investment. Investments give returns. You might lose out on a couple of your investments, but it’s better than spending because spending unlike investments never give returns.
When you make returns on your investment make sure you invest that too. Harvest. Invest it again. Keep the loop rolling, only if you want to be insanely successful.
These days many companies provide training to their employees, the problem with most is that they view it as a spending. as a perk, as a reward for a some achievement, by doing so it leaves a 'use it or loose it' tag. Which fails in achieving lasting organisational impact. What organizations got to do is view training and development as an investment, expect and demand returns. Don’t spend money on Gold, invest in them. Don’t spend money on education – Invest in them. Don’t spend money sending your employees for a vacation. Invest in your employees by sending them to a vacation. Invest - The word has power to turn around things and situations.
Rewarding yourself is one of the main areas in which you can invest in yourself (Huge returns guaranteed, no matter how the economy is doing) It gives your mind a picture of a greener side every time you are going through a hard terrain, keeps you motivated and hydrated. I usually picture success with a very favourite chocolate of mine. Despite the fact that I would love to eat that specific chocolate for the rest of my life I say no to it! But after I have a victory I treat myself to it. Its least about the flavor or its taste it’s about self respect, having your own symbol of success and associating with it when you earn it. Make sure you keep the bar higher (If you associate each of your wins, both big and small with your success symbol it no longer is special. In a very recent ‘How I met your mother’ episode Ted says “If all nights are legendary then no Nights are legendary) So keep the bar higher, and Greater the victory Greater be the reward you give yourself, Give yourself a week off, Maybe a a Caviar or even vacation at India (Write to me if you do). It’s something you should try for yourself it’s a lot different from your friends or organisation appreciating your work. Here you appreciate yourself. You tell to yourself “Am proud of you”. Feels like top of the world!
Never spend a single dime. Invest. buying medicines – Investment in your health, Buy a faster computer – invest in your time. Do things, use your money ; as Steve Jobs said “ Being the richest man in the cemetery doesn't matter to me... going to bed at night saying we have done something wonderful... that's what matters to me". Remember - its only in an investment you expect and demand returns. Lets say it once again, If you take money out of your pocket, how much ever it may be, how much ever rich or poor you may be, don’t spend it. Invest it! If you can’t invest it double it. How do you double it? Fold it into half and put the paper back!
One easy way to exercise this law in your real life is to picture yourself as a company. Invest like those fortune 500 firms. Your most valuable asset is your time. Invest it with people who are worth it. Life is limited. Make sure you stay away from letting down people who spend (invest) their time with you just like how companies hate to let down their shareholders.
Don’t spend a single moment out of the 86,400 you are granted a day. Invest in them. You got to reap the benefits off every moment. Obviously to reap you need to invest, this reaping factor differentiates spending from investment. Investments give returns. You might lose out on a couple of your investments, but it’s better than spending because spending unlike investments never give returns.
When you make returns on your investment make sure you invest that too. Harvest. Invest it again. Keep the loop rolling, only if you want to be insanely successful.
These days many companies provide training to their employees, the problem with most is that they view it as a spending. as a perk, as a reward for a some achievement, by doing so it leaves a 'use it or loose it' tag. Which fails in achieving lasting organisational impact. What organizations got to do is view training and development as an investment, expect and demand returns. Don’t spend money on Gold, invest in them. Don’t spend money on education – Invest in them. Don’t spend money sending your employees for a vacation. Invest in your employees by sending them to a vacation. Invest - The word has power to turn around things and situations.
Rewarding yourself is one of the main areas in which you can invest in yourself (Huge returns guaranteed, no matter how the economy is doing) It gives your mind a picture of a greener side every time you are going through a hard terrain, keeps you motivated and hydrated. I usually picture success with a very favourite chocolate of mine. Despite the fact that I would love to eat that specific chocolate for the rest of my life I say no to it! But after I have a victory I treat myself to it. Its least about the flavor or its taste it’s about self respect, having your own symbol of success and associating with it when you earn it. Make sure you keep the bar higher (If you associate each of your wins, both big and small with your success symbol it no longer is special. In a very recent ‘How I met your mother’ episode Ted says “If all nights are legendary then no Nights are legendary) So keep the bar higher, and Greater the victory Greater be the reward you give yourself, Give yourself a week off, Maybe a a Caviar or even vacation at India (Write to me if you do). It’s something you should try for yourself it’s a lot different from your friends or organisation appreciating your work. Here you appreciate yourself. You tell to yourself “Am proud of you”. Feels like top of the world!
Never spend a single dime. Invest. buying medicines – Investment in your health, Buy a faster computer – invest in your time. Do things, use your money ; as Steve Jobs said “ Being the richest man in the cemetery doesn't matter to me... going to bed at night saying we have done something wonderful... that's what matters to me". Remember - its only in an investment you expect and demand returns. Lets say it once again, If you take money out of your pocket, how much ever it may be, how much ever rich or poor you may be, don’t spend it. Invest it! If you can’t invest it double it. How do you double it? Fold it into half and put the paper back!
