Why we are not rich yet by Daniel Ally

Pointers to get out of POOR mentality

#1 : They criticize rich people

TEH : Do not envy those rich ones … as they have some essence inside them that make them rich (legally and morally right). I used to be one the ‘normal’ side … but I have slowly moved away from the lower-income mentality (10yrs ago … you may want to know my ‘goreng keropok’ days). Do not criticize those rich people … move to be rich ourselves. HOW can we be rich when we criticize the rich?? THINK … how can we own rich-people items when we ‘blocked’ our mental that those are not for me or I can’t afford it?

It took me some YEARS to un-block my mental on this pointer … and I still have to remind myself to embrace ‘richness’ around … doesnt me we have to ampu-ampu their butts, ok?

#2 : They make emotional purchases

TEH : We all do … buying things we do not need, to impress people that we do not like!! Haha. But, recognising that … will not make us rich is very important. Be rational … be consistent in our spending. Cautious about our spending … plan and budget.

This is my weakness … seldom jot down the details of my spending. Well, I m a simple man without much spending on myself. I do emotional-spending on my kids … such as their toys and clothes. Dinners with family … and buying things they like. For me, I worked hard for them … I was totally broken some 10yrs ago … and now, I do not see the reasons why I should be spending money un-neccesary … still driving my old kap-cai or old Proton Saga. I m ok with many things and grateful with what I have.

#3 : They never learned about money

TEH : I have never know what money is about … that is why I was financially broke and stayed poor for my first 45 yrs of my life. I started to realise that some 12 yrs ago … when I was broke and married. I have to force myself to learn about MONEY. Everything about it, I read about it … including failing my keropok-venture and the moved into KLSE during the peak at Jan 2008 … market crash on me, I was too naive and lost that small amount I started with. Feeling so much of pain in learning about money, I did not give up. I continue to learn about money … investing … interest rates … etc etc. I won’t mind having an e-meeting to share what I have learnt about MONEY or PERSONAL FINANCES in the past 10 yrs … from zero knowledge till age 40yr old.

TAKE RESPONSIBILITY on our financial.

# 4 : They never developed their talents

TEH : We all have TALENTS … develop that to improve ourselves, so that we could increase our income. Promotion to high level in our workplace require … skills. Over the 10 yrs being in stock-markets, I developed my trading system so that I could trade consistently to profit … but it takes loooong winding years, with many painful failures. Dont think so many mojority could withstand those painful years … but it worth every sweat and tears. We just need to be rational … strong and continue to develop our ‘hidden’ talents.

#5 : They keep making excuses

TEH : I could identify with that … when it comes to MONEY. That is also why I was broke la … pok-kai, they said. Then many looked down at you. But, you are quick to make excuses WHY you are poor … admit it, been there. Haha. We blame everything else … except ourselves. haha.

create ALL THE REASONS why we want to be successful and rich. Then, we are on different page … and again, I have moved away from what I was some 10yrs ago … I have moved away from many things … leaving those sour-grapes complaining and blame others. We have to grow wiser … if we are to be rich.

#6 : They believe they are poor

TEH : Inferior … so, move away from that. I was there. haha … born ‘orphaned’ and in poor-family, my mental was … I m born poor. Do you expect me … not to be poor? Hmm … wonder how I got the courage to change that belief.

#7 : They think money is bad

TEH : Again, I was brought up to THINK that money is bad … when we were young, the family struggled and my aunt told me (brain-washing me, indirectly) that money is the root of evils … and that was why my parents are poor … gambling habits in my dad while mom worked hard as hawker. My aunty, a very nice human … tho financially not-well, told us to work hard, never cheat on others as money is not good for living. Just be humble ans stay simple. I did just that for 20yrs plus of teaching Math … enjoying my career … of teaching. But, I was broke (due to pointers mentioned above)

Working hard is good … but we must learn to earn more. Then … save as much to invest. Sound simple to be rich …, but most will not.

Have a nice day … I m not rich yet, but once I achieve my ‘richness’ , I will start my charity events and leave the ‘rich’ to the rich … let me stay humble with ‘poor’ abandoned kids. They need a mentor. I will teach them … those pointers above!!

TEH

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