Do You Utilize Or Accumulate Money Part 1

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For very long, many people have sought to accumulate money through various methods like
saving. However, such accumulation of resources only increases your potential of getting rich but
in actual fact, does not make you rich. To get rich, you must utilize money and learn how to do it
well.

Given skills on how to utilize, anyone can actually become rich regardless of the amount of
resources they hold because they know money is the tool while their mind is the core of wealth.
Because of this, the article will help you identify whether you are one who utilizes or accumulates
money.

To start, one way to differentiate between the 2 types would be looking at how productive a
person's money is. For people of the first type, they usually accumulate money and wait to collect
the interest earned. On surface, the person may be winning because he is doing nothing to
receive these interest payments.

However, the opportunity costs these people incur would be high because they lose out on
unlocking the potential their money holds. Here, the rewards could be much higher than the
interest payments. In contrast, people who utilize money constantly seek new ways to maximize
the usefulness of their money and through this hard work, they get richer as their money becomes
more productive.

In addition, people who accumulate money usually measure their wealth by net worth. However,
net worth is only stored potential (like fuel) because money itself is only money but when put into
investment engines, they can multiply and power your growth. Also, net worth can be subject to
change because markets are volatile and fluctuate easily, making it an unreliable indicator of
wealth.

In contrast, people who utilize money measure their wealth by cash flow. Cash flow is the
utilization of assets to increase happiness. Compared to net worth, it is a cycle where money is
constantly generated without depleting resources. For example, in rental properties, rent is
continually generated while the building is still intact.

Moreover, people who prefer accumulating money tend to work alone because they believe that if
others win, they will lose. Because of this scarcity mindset, many of them lose out and get
thrashed by the big teams outside who prey on them like sheep.

In contrast, people utilizing money prefer to work in teams because they can leverage everyone's
abilities and win together. With this, everyone gets wealthier and gain more resources, expanding
opportunities to team up again for the next assault.
Here, they clearly understand that no man is an island. Since ancient times, empires have been
established by teams (or armies) with charismatic and competent leaders. This principle is still
valid today and if you can build your wealth with others, why do it alone?

In conclusion, after covering these 3 key points, I believe readers can now identify themselves as
a type more easily. The above aspects listed is not exhaustive and there are definitely more points
to take into consideration. Meanwhile, change for the better and take action to pursue your goals!




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big savings in your electricity bills. Cutting unnecessary expenses away from your bills is definitely
a good investment as it creates more money available to work for you. Do you believe in offering
others free money or in using them for your own good? The decision is in you!

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Article Source:
http://EzineArticles.com/?expert=Ong_Xun_Xiang




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