Becoming Rich in Your Own Way

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Becoming Rich in Your Own Way

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' 2004, John Calder
http://www.TheEzine.net

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If you really want to become rich, then begin by evaluating your work habits and work environment. That's how most millionaires made their first offline million.

According to Dr. Srully Blotnick, a psychologist and consultant who spent over 20 years studying how people became rich, most millionaires didn't make their money in real estate, the stock market, or waiting for their ship to come in.

They made theirs, instead, through their business or profession. They became so good at their job that they made quite a bit of money. Then, and only then, did they turn to real estate and stocks as sites to invest and grow their money. Even then, their basic business continued to produce the bulk of their gains; their investments usually produced only mediocre results by comparison.

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There's a monumentally important lesson to be learned from the hundreds of millionaires that Dr. Blotnick studied for 20 years. The lesson is this: If you really want to become rich, invest in yourself first; invest in real estate, stocks, and other ventures later. Dr. Blotnick divided this into two stages:

' The first takes place when you're consumed by a business or profession that you enjoy so much that you would do it for nothing. Devlop the passion.

' After it pays you enough income, you enter the second stage. This is when you become a bona fide investor. You start thinking of and looking for opportunities to use your surplus income.

To set yourself and your career on track, evaluate yourself by answering these questions about:

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> liking your work:

' How much do I really like my job'
' Does my job bring out the best in me'
' Has it caused me to do more than I ever thought I could do' If you answered any of these questions in the negative, consider a job or career change.

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> determining if your work is right for you:

' How can I tell if I really like my work'
' How do I know if I'm doing my work right'

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' How do I know if I'm doing the right kind of work'

The best way to determine that is to apply these test questions:

' What would I do for free'
' Am I enjoying my work so much that time seems to fly by'
' How would I like the work to be done if I were on the receiving end'
' What would I do if I didn't have to support myself, but did indeed want to work'
' What work would I do if my doctor told me that I had only five years more to live'

> considering my financial rewards:

' Am I contended with my current income'
' Am I in position to influence a change in my income'
' What if the work I enjoy doing doesn't pay very well'

If you're satisfied with the first two, then I say, "Hang in there! You're on your way to becoming rich."

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Becoming Rich in Your Own Way