Thinking and Wealth – How you think can make you rich! Part 1
Thinking and wealth
By Douglas Vermeeren
As I have conducted my research on the super successful and super wealthy I have found many clues that are fundamental in creating greater financial success. One that I will talk about in this post is simple but extremely profound. It comes down to appreciation. One of the major differences between those who are highly financially successful and those who are not comes down to appreciating their money.
No doubt there are some people there shaking their heads right now saying, ‘this is silly, we all appreciate money.” But do we?
Let me explain what I mean by appreciation. Most people think that appreciation simply means to have good feelings or gratitude towards a thing or situation. Maybe you appreciate something someone did for you or a gift someone gave you.
Appreciation is so much deeper than that, especially when it comes to looking at money. In fact, a great way to explain this might be to look at the opposite of appreciation – depreciation. This is a word we heard more often when it comes to things in the financial realm.
Most people say they appreciate their money, but they most of the time making purchases that depreciate. Therefore we may safely assume that most people really don’t understand what it means to appreciate their money.
The dictionary defines appreciation as “understanding of the nature and quality of something.” Most people don’t truly understand the value of their money. Consumer research groups suggest that the average american household spends more than 96% of their income on purchases that immediately depreciate. While it is understandable that some items such as food, clothing and shelter are necessities, the same research indicates that much of the income is currently spent on entertainment. These expenditures have no appreciation value.
If you want to see your wealth increase dramatically you need to begin keep a more careful eye on your depreciation spending.
I am not against enjoying life and having a great time. But to receive great financial returns a small shift is required. My personal research into the lives of the world’ most successful people demonstrates that by delaying immediate gratification and shifting the purchase mentality to appreciation great wealth can be created.
Purchases that appreciate, like investments, begin to place your money in a position where it works for you and grows by itself.
So the next time you are about to make purchases, even small ones, pause and consider the value of the purchase – Appreciative or depreciative. Set a goal to increase the amount of appreciative purchases you are making and you will find yourself moving towards greater financial freedom.
Douglas Vermeeren is the founder of the Succeed Research center. He has conducted similar research to that of Napoleon Hill (Think and Grow Rich) by studying the lives of more than 400 of the world’s top achievers. He developed several success systems that have revolutionized personal lives, business and financial situations for hundreds of people around the globe. Doug is also the producer of the film The Opus featuring Jack Canfield, Mark Victor Hansen, Joe Vitale, Bill Bartmann, Marci Shimoff, Morris Goodman, Bob Doyle, John Demartini and others.
Doug is also the Author of the latest Guerrilla Book with Jay Conrad Levinson, “Guerrilla Achiever.”
Douglas Vermeeren is the creator of the 1 X 180 Experiment, where he will attempt to create $1 million dollars from a single dollar in 180 days. (Six months.)