Smart Money People – Why the Rich are Wealthy

Your income can grow only to the extent that you do.” – T. Harv Eker

Money is a wonderful thing. It can be used to buy things that you want or need. Money can also reassure your mind when you have some saved up.

When it comes to your personal finances it makes sense to become smart about it.

I am not suggesting that you are dumb now with your money but I am suggesting that you may be lacking in your confidence about handling your money.


Handle your money wisely

We all have misused money in the past me included but instead of just giving up or having contempt for money I decided to educate myself about money instead. I became smart with my money as a result.

I like the feeling of paying off debts and being ahead of my bills. I like the thought that if something is broke then I can afford to fix it. How about you?

Using money is similar to a football game. Some teams when they have a lead (more money ) in the game tend to get a little conservative with their play calling (creating more money).

Usually what happens is the other team (bills) will take advantage of the conservative play calling. They will begin to outscore their opponent and take the lead.

What do you do with your money once you receive it? Do you buy things, pay bills, save it? Conscious choices that you make with your money will decide your financial future. Most people will have their money spent before they even receive it.

As a general rule, I save 10% of my earnings. Once I have saved enough money, I usually invest in bonds and cd’s, these are generally more safe. Also you could try mutual funds and stocks.

Go with a company like Charles Schwab, you can create an account online, and access your account at anytime. I have been with Schwab for about six years now, and my money keeps growing daily.

I’ve read and studied financial investing all-stars like, Warren Buffett, Sir John Templeton, and Peter Lynch. This helped me to get a grasp on what exactly investing your money was about.

If you receive a tax refund, start placing some of that money into a Schwab account, or go to your bank and open up a CD or money market account.

Money - $100

Save your money

Smart money people always save a portion of their income for investing. And they usually invest in something like CD’s Bonds, Money Markets. This is a way to let your money work for you, instead of you working for money.

What you will eventually create is a habit of saving and investing your money. This is a great habit that will serve you for the rest of your life. There is nothing like watching your savings investments grow over time.

Become comfortable with investing your money. I have invested money for over fifteen years now and have reaped well for it. If you always seem to hit a brick wall when it comes to consistently earning money, start examining your beliefs and associations about money.

This may be what is holding you back from receiving loads of money that is rightfully yours.


Are your beliefs about money stopping you from having it

My beliefs about money has changed many times over the past. When I was very young I appreciated and admired it. As I got older I began to experience a little contempt for it.

Now, I can say that I enjoy money and all that comes with having financial abundance. It really does become a conscious choice to have financial abundance in your life.

Right now, money is the only game in town. So you might as well begin to appreciate money and use it to your advantage. For most people, at least a million dollars of money will pass through you in a lifetime. How much of that money do you want to hang on to?

Another important place to invest your money, is in yourself. I had always invested money in books, audio programs, and seminars. I did this as an investment tool for my growth. I have reaped the benefits of small investments in myself that have paid me back time and time again.

Remember to always be smart with your money. You worked hard to get it, so make it equally hard for you to want to spend it. While it is true that there is more than enough money to go around, smart money people have the ability to always create more abundance for themselves.


T. Harv Eker about Wealth

  1. Rich people believe “I create my life.” Poor people believe “Life happens to me.”
  2. Rich people play the money game to win. Poor people play the money game to not lose.
  3. Rich people are committed to being rich. Poor people want to be rich.
  4. Rich people think big. Poor people think small.
  5. Rich people focus on opportunities. Poor people focus on obstacles.
  6. Rich people admire other rich and successful people. Poor people resent rich and successful people.
  7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
  8. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
  9. Rich people are bigger than their problems. Poor people are smaller than their problems.
  10. Rich people are excellent receivers. Poor people are poor receivers.
  11. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
  12. Rich people think “both”. Poor people think “either/or”.
  13. Rich people focus on their net worth. Poor people focus on their working income.
  14. Rich people manage their money well. Poor people mismanage their money well.
  15. Rich people have their money work hard for them. Poor people work hard for their money.
  16. Rich people act in spite of fear. Poor people let fear stop them.
  17. Rich people constantly learn and grow. Poor people think they already know.”


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