Increase your net worth: Part 1

MOST people in right frame of mind would want to be wealthy in their life time and the critical question begging for an answer is: How do I maximise my net worth? Today, I (JN) engage Whatmore Makwara (WM) who has written nine books.

He features on different radio and TV shows because of his in-depth insights on issues of wealth and money.

Net worth has seemingly been relegated to money moguls, oil tycoons, celebrity singers and Hollywood actors, but Makwara will tell you it’s possible to increase your net worth, and takes a person to acknowledge that they are on the canvas, but they can also rise be on the crest.

Below are expects of the exchange:
JN: Money is not really the paper that we handle everyday but the value that has been put on it and how would you define money?

WM: I define money as the ability and the skill you have. Once you discover your ability, your skill and talent then you can prize it. It’s difficult to price what you don’t know you possess.

Is still remember some years ago, it was over $60 to spend a minute with Harry Berry and to spend an hour with her you multiply that by $60. There was a time when Tiger Woods was doing $375 per minute.

It also goes with Steven Spielberg; I think he was the highest. Different from the others, Spielberg was making money from ‘what he makes other people do’, which is different from others ‘who make money from what they do’. So if a person does not understand the value of a minute it becomes a challenge.

Poor people define themselves per month, but if you meet people of influence, people of success they don’t measure themselves per month, but per minute.

So it’s what I have and to create wealth you have to work on the gifts that you have. The Bible says there is much food in the fields of a lazy person, if only he could till his ground. All of us have value, but most of us have not tilled it.

JN: What differentiates the poor person from the rich person?

W.M: First of all I don’t believe there is anyone who was born poor, the Bible says ‘we become poor’. We might be born in a poor environment, but no one was born poor. I like what one man said.

He said when all of us came into this world we came naked, but our naked bodies were only covering those gifts. Everybody came with something! How do I define poor? I would use the words by Myles Monrue.

He says it’s a person who doesn’t really know what they have. That’s what constitutes being poor, but when we look at being ‘rich’ and being ‘wealthy’, those terms are not defined the same.

Rich is how much money you have or it’s defined through currencies. Wealth on the other hand is defined through time.

If I’m rich I have a certain amount to cover my expenses, but when I am wealthy it’s how long I am able to live maintaining the same lifestyle without working?

In my perspective I don’t believe there is a person who was born poor, but they were born in poor environment, but they can change that if they discover what’s in the inside of them.

Think about this: Everything around us came out of somebody’s mind. The sub-conscious mind does not know reality it can only accept reality, but you tell it to be reality.

There is a reticular cortex in the mind of a person that if I say I want a blue BMW, before the end of the day I will start spotting BMWs used in Bulawayo. Why was I not seeing them?

Because I had not told the sub-conscious mind, but when I say that, the reticular cortex becomes more aware of what you want. So, most people are poor because they have not told themselves that they want to be rich.

They have told themselves they want to be poor. So the sub-conscious mind works to show them most forms of poverty. If you can focus on being rich and wealthy and in developing good habits, you could be rich.

What I lent some years ago is that to be successful, study successful people. Find out the habits of poor and struggling people then do the opposite. Number one: poor people wake-up late, then I should wake-up early.

Number two: They don’t plan and that means I should plan my life. Number three: They don’t invest, whatever they get is from hand to mouth. What that means is I should create an asset column and have passive income.

There are certain decisions you take and by so doing you are indirectly choosing not to do the opposite. So if you choose not to invest, not to plan, not to build even the knowledge base, you are indirectly choosing to be poor.

Parting point (JN): You have immeasurable reservoirs of potential that you must explore and exploit to live at a level of your true worth. Let’s meet next week as we continue on the talk I had with Whatmore Makwara.

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Jonah Nyoni is an author, success coach and motivational speaker.

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