Rules are everywhere. Admit it or not, there are certain rules you need to follow in your house, school, community, road, and even you might have set a rule for yourself. Just like how various places establish their own rules, wealth has its own unique rule set to govern us.
If you want to break free from the chains of limited finances and live in abundance, there are commandments that will shepherd you to the promised land, where buying and doing what you want will no longer be an issue. Whether you are a student, a businessman, an investor, or an employee, following these 12 commandments of wealth will usher you to a more abundant and bountiful life.
Thou shall deliver more value than you take
There’s a line that separates wealth and riches. While riches are mere material wealth, wealth means having the heart to bring and give value more than you take. And this doesn’t only apply to monetary aspects but also to other life aspects that drive people to wealth.
If your goal is to build other people’s lives in any way, you’re directing your life to success. Once or twice in our lives, we met people who would willingly manipulate others just to set a seal on all riches by themselves. However, people who secure riches all by themselves barely get contented and happy for what they’ve got. This just shows the gap between wealth and riches.
Fat wallets and bank accounts aren’t the definitions of wealth, but it is rather how much you have given. You can have all the riches in the world, travel in the most luxurious states, and buy the most expensive items, but you can never buy happiness at a thrift store.
Now that we have set the lines in between, you need to pinpoint what you really want in life. Is it wealth? Or riches?
Thou shall develop a budget and adhere to it
Establishing a workable budget is necessary since it is the foundation that could bring you wealth. No matter how much you are earning every month, you will be in deep trouble if you don’t put up a restricting line on how much you can spend.
Have you ever wondered why lotto winners who take home hundreds of millions of dollars still end up broke later in their life? It is because of their spending habit. Since they have gotten their riches in a blink of an eye, they find it way too easy to spend them without setting a proper budget that will keep their finances in place.
Make sure to save some bucks every time your salary comes in. If you think you are splurging money excessively, cut down your expenses.
Thou shall lead an integral life
This rule is one of the most critical commandments you should follow— you need to be 100% and integral in everything you do. This means doing every business activity you have ethically and legally, enabling you to sleep comfortably at night without worrying.
Some businesses require bad dealings like lying, extortion, and forging documents just to be lucrative. However, avoiding these things is what will make you truly wealthy. Wouldn’t it be better to have the peace of mind to sleep soundly every night than have millions in your account without inner peace?
Thou shall map out your financial goal
Maps are made with a clear purpose, to give directions. Without a map, it would be really hard to know where you’re at, as well as where you want and where you should go. Having a clear map of your financial goal helps in getting there way more easily, without getting lost.
Daydreaming all day about your success isn’t enough to get you there. It takes a concrete plan and a clear direction of where you are heading. Always set goals and take down ideas on how you can get there and who can help you.
Thou shall be fearless
You won’t achieve anything in life without taking risks and overcoming fear, so you need to be bold and courageous. The moment you doubt yourself is the very moment you stand on the edge of failing.
Don’t be afraid of failing in the pursuit of wealth. As long as you believe in yourself, in your plan, and in your ideas, nothing should stop you from going.
Thou shall construct prepared and informed investment decisions
For investors, this is pretty much just common sense. If you are trying to make a profit through investments, it is critical to do your diligence first to make a well-informed and sound investment decision.
If you only depend on investment tips and hacks you see online, there’s a big chance you’ll fall into pyramid schemes and fail investments. Of course, tips are important too, but they shouldn’t be the basis of your judgment.
Thou shall be disciplined
While some believe that you can be well disciplined and still go broke, others give credence to the importance of discipline to achieve wealth. It becomes pretty easy to achieve tasks and duties with utmost discipline, providing value to the people you work for.
From your sleeping habits to your daily routine and financial undertakings, discipline is an important skill you should possess. This skill grants you the power to stick and follow through with your decisions without having to change your mind.
Thou shall keep a tight rein on debts
Keeping a tight rein on your debts is necessary no matter how small or big they are, whether they are bad or good debts. Not having your debts in check can eventually stir up a financial disaster. Give up the need for instant gratification, live within your means, and set aside some of your hard-earned money to pay what you owe.
Thou shall refrain from conspicuous consumption
As our money grows, it becomes harder to control our spending habits because we began admiring extravagant lifestyles with grand vacations and pleasure trips. Such lavish spending significantly impacts wealth building.
Several wealthy people have testified that they don’t splurge beyond their means and otherwise sacrifice and work extra to achieve ultimate wealth. Don’t believe the media when they say that wealthy are only those who have grand mansions, flashy cars, and ecstatic vacations. The truth is… the wealthiest ones are those who are debt-free and have the financial freedom to enjoy the little luxuries of wealth.
Thou shall establish supportive environments
A productive environment is essential in facilitating operations and completing tasks on time. When you have a network of people who have the same goal of building wealth as you, it becomes relatively easy to stay on track with your plan.
Overlooking plans is a plain sailing task, so having a support system to assist and get you back on track is something you should aim for.
Thou shall listen to your own voice above any other
There is no such thing as a financial fairytale, where you get a promise to get 3000% profit in investing in stocks for sending small bucks. It’s more likely a scam. In building wealth, you should pay more attention more to your voice than others. Don’t easily get fooled by easy money with no labor schemes because the laws of finance do not operate that manner.
Thou shall work as little as possible
Even without winning a lottery, it is possible to do and buy the things you want without working yourself too hard if you choose to do the things you really love without expecting so much money in return.
Let’s end this write-up with a little challenge: Do not work. Instead of breaking your back working, pursue things that fill your soul with so much delight and get to the bottom of how you can make money out of it.