Billionaire

Five ways to develop positive wealth thinking

Sanjay Matai


         
An objective analysis of our actions would help us to identify the way we need to adopt and start building rational and positive wealth thinking. Here are five ways to develop a positive thinking towards wealth.

  1. Money is not everything

    Money may buy you a house but not home, food but not taste, all the goodies but not happiness. The day we realise this, we liberate ourselves from the clutches of money.
     

  2. Realistic goal setting

    Money is a means to an end and not an end in itself. We should distinguish between what we want and what we truly need. We need to set the right priorities.
     

  3. Look at options not obstacles

    One should make a conscious effort to stop thinking about what we don’t have and instead look for opportunities. Opportunities always exist. We fail to see them as we limit ourselves with negative thoughts and beliefs. We start focusing on the potentialities not problems.
     

  4. Patience not instant culture

    Patience is another important lesson one should follow. In the mad rush of things, we have built a culture of instant. We look for instant success, instant money, instant result etc. all the time. As a result we have created a pressure situation for ourselves. Also, the enrire journey will also become more satisfying and more meaningful.
     

  5. Stop comparing

    Once we stop comparing ourselves with others and define our identity based on our own terms, we remove the constraint we have put on our mind. This itself is a big change that can translate into success.

    [The author is an investment advisor. He may be reached at sanjay.matai@moneycontrol.com)

    Source : Midday Page No. A12, Wednesday,
    4th April, 2007