- Return on investment (ROI)
- Minimum investment amount
- Ease of investment
This article is based on the ASX Share Course. November 2008.
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"To do things in the way you want to do them, you will have to acquire the ability to think the way
you want to think. This is the first step toward getting rich."
The statement above is the first principle of getting rich in the unforgettable book "The science of getting rich" Wallace D. Wattles in 1910. The preface on the book says that the book is a practical guide for people who want to follow a scientific way to achieve prosperity. It claims that there is a science for attracting wealth and that if you things in a certain was as so attract wealth you will certainly get rich.
Some people may interpret the advice on the book as abstract and therefore have difficulties following them.
Each of the principles have a sound theory linked to them and, although the book was written a long time ago, are in alignment with modern theories on financial management.
We all know that one of the barriers towards becoming financially independent is starting with the wrong mindset. Having the right frame of mind is the beginning of success. That's what the first advice is all about. If you want to achieve anything in life, and this includes financial independence, you have to think positive thoughts that encourage you towards achieving your goal.
It is actually very simple. If you want to become financially independent, start by thinking that it is possible an that one day you will achieve it.
Think about what motivates you, it maybe spending more time with your family, acquiring a waterfront property, paying off debt or whatever it might be. This thoughts should motivate you to start or to continue on your journey.
Whenever you can, think about the goals you have, develop a positive mindset about your journey and renew your mind every day. There will be ups and downs in your journey, the secret is to stay the course and remain motivated.
If you start with a positive frame of mind, renew it every morning and remain positive throughout your journey you have more chances of achieving your objectives.
I encourage each of you to download and read the book, it is a free download: www.scienceofgettingrich.net/sogr.pdf
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