To build wealth, the most important thing is the mindset, and the key is focusing on winning over appearing to be winning. In other words, you have to decide to do the necessary things to WIN, and not just do enough to appear to people that you are winning.
“Simply, it is better to carry a plastic wallet with a million Naira in it than to carry a Louis Vuitton designer wallet with a hundred Naira in it. You’re just looking like you’re winning with all those designer fittings on you. You ain’t winning; Armani, Louis Vitton, Nike, etc, are winning. One interesting fact is that the rich stay rich by pretending to be poor, while the poor stay poor by pretending to be rich. Think about it.” – A Tekedia Capital Member on WhatsApp
And let me add: the rich spend money to save time, while the poor waste time to save money. Yes, spending that flight money to save time goes in reverse to saving money by going via the bus, wasting time along the way.
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The deal: the greatest financial liberation is the liberation of the mind, as wealth is incubated in the mind! Until the mind is ready, the purses and wallets will not feel anything.
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Register for Tekedia Mini-MBA (Sept 9 – Dec 7, 2024), and join Prof Ndubuisi Ekekwe and our global faculty; click here.
When you are small, you seek other people’s approval to gain confidence; but when you are big, you are the one sought after. Choose where you want to play.