DAY 31: Reinforce Your Wealth Mentality Every Day

Phew! Finally we arrive at the last day in this series of Personal Finance in 31 days.
Did you enjoy it? Did you learn something new?

Today's tip is a challenge for you to keep seeking ways to reinforce the fact that you are wealthy, every day, in fun ways -don't take life or yourself too seriously. Know that money, riches, and cash are just tools to use in making life worth living, fun living. They are not the end in themselves.



Wealth is defined in the Oxford dictionary of English   as

1.       An abundance of valuable possessions or money

                     1.1       The state of being rich; material prosperity

                     1.2       Plentiful supplies of a particular resource

2.       A plentiful supply of a particular desirable thing

3.       archaic Well-being.

Wealth mentality refers to the mindset that produces wealth. And that transcends just having cash. It is being able to produce your material possessions should in case something happens that makes you lose everything you presently own.

A rich man once said that if all was taken from him, and he was left with his brain and people, he will reproduce everything over. Now, that is a truly rich person. It is not the person who clings tightly to money as if their life depends on it.

What we find today in Nigeria is a prevalent poverty mentality among politicians, professionals like doctors, lawyers, accountants etc, and ordinary citizens alike. It is this poverty mindset brought upon people, no, which people have brought upon themselves (because they refuse to read and continually seek information- life transforming information, acting on it) that has left the country in shambles.

Some people are so poor, all they have is money. But not you! You understand that all wealth is produced- the product of a mind, a wealthy mind with a wealth mentality. Read the article if you haven’t.

The wealth mentality will not let you attach your life values to money or material possessions, instead to relationships. You value people far above what you can get from them, or make from them.

The wealth mentality will not allow you to worship money, or behave like you cannot survive without cash. I like some secondary schools in Nigeria, particularly the government schools built in the ‘bush’. It creates a mindset among a young person that regardless of where they find themselves, they can survive. Well, maybe not all of them sha.

The bible says a good name is to be valued far above riches. And you know Nigerians didn’t use to think like this before oh, even as early as 25 years ago. Our grandparents valued good values and taught us to pursue honesty and forthrightness. But along the line, we substituted all that for material acquisitions. And the average Nigerian values a big brand new jeep/SUV, regardless of how it was acquired, above principles.

In fact the poverty mindset is so prevalent that if an honest, hardworking member of the society drives past with his/her tokunbo, s/he will most likely be abused as being ‘slow’, a fool, or even a thief, whereas the politicians and unscrupulous civil servants are now being glorified as the smart ones. Maybe that’s why many people are now going into politics (either to prove that they are smart, or it’s because they are smart they are going there).

So, to reinforce your wealth mentality every day, value the knowledge that produces wealth above wealth itself. Value people above material possessions, and most of all, do not attach too much seriousness to yourself or what you have acquired because today we are, and tomorrow we shall be no more.

Live well. Enjoy life. 

Thank you for staying with me all through 31 days (and more). If you have any comments or contributions, or you beg to disagree with any of the tips, please feel free to let me know. Thank you.