WANTS TO BE RICH: THE 8S PRINCIPLE CODE OF
THE RICH AND POWERFUL
Following this 8S principle code will make a millionaire out of you
Contrary to what most people believe, becoming rich is not hard at all, it is just being smart.
Being smart to set your priorities and decide which one you want - Wealth or Poverty.
"I don’t have enough money” that’s the excuse most people raise as a defense for not doing something to change their financial situation. They say, “Only the rich get richer”.
Although that has a grain of truth in it, it is not really true; the rich don't get richer because of their money. They get richer because of what made them rich in the first place – their ideas, decisions and determination.
That's basically the way they think; in this post, I will reveal the 8S PRINCIPLE CODE OF THE RICH AND POWERFUL.
This is not just another blog post about becoming rich, or X ways to become rich, which usually list steps that are mostly impractical and ineffective in the real world.
This is a complete breakdown of all you need to become rich and wealthy. In here, I have revealed the secrets and actual principal steps that all rich people follow and “all wanna be rich” people should follow.
It is guaranteed that anyone who follows the principle code outlined here will become rich. You can apply the 8s principle code revealed in this post even if you do not have much money to start with.
You don’t believe me? Then keep reading.
Some Truths about Riches and Wealth
Wealth is not by chance, and unless you have faith in Jesus Christ, it is not a miracle. Even miracles do not just happen on their own, there are principles and knowledge you must acquire and apply to receive a miracle.
Acquiring wealth, the normal physical way takes patience, knowledge and application...
And Wait, hold that thought – don’t tell me lottery winners are wealthy.
No they are not, a thousand time NO.
They just have a large sum of money at their disposal for a short time. I will only call them rich or wealthy if they are able to hold on to that money for a year and also multiply it.
"Success is achieved by the knowledge and application of revealed principles and means" ~ Rev. Dr. Chris Oyakhilome
Wealthy people did not get to where they are overnight, but it started overnight. It started with a moment of decision – that starving afternoon, that sleepless night, that penniless morning, or that frustrated evening when you finally decided. I must become rich, I must be wealthy; no matter how long it takes, or what I have to learn. I must become rich, I must be wealthy.
As we continue, it is imperative we do remember that money doesn't buy happiness. To the truly rich, making money and getting rich is not the end but a means to an end.
Since you are reading this post – Wants To Be Rich: The 8S principle code of the rich and powerful, I dare to say that money does have a significant role to play in your life and future.
By the way, who doesn’t need money. For crying out loud, it is what makes the world go round.
Although we all define success differently, in all cases, possessing enough money to meet our various needs and also provide comfortable nest is a must.
3 Ways to Get Rich – One Way to Remain Rich
Below I have covered three main ways of becoming rich and acquiring huge sums of money; however, only one of these paths will help you maintain and grow your money. That one way obeys the 8S Principle code of the rich and powerful.
To clearly judge and determine which of these 3 ways truly makes one wealthy, we must define what wealth is.
“Wealth is the accumulation of wisdom, experience, habits and attitude. Wealth people become wealthy because of the wisdom they apply, the experience they acquire, habits they form and the attitude they possess and exhibit.” --- Frank Chisom
“Wealth is the accumulation of wisdom, experience, habits and attitude. Wealth people become wealthy because of the wisdom they apply, the experience they acquire, habits they form and the attitude they possess and exhibit.” --- Frank… Click To Tweet
Hence, the only means of obtaining and maintaining riches is the path that forces you to apply wisdom, acquire experience, form certain money habits, and exhibit a peculiar kind of attitude. The true way to permanent riches and wealth, will cause you to develop all these traits, that is, if you do not previously have them.
With the traits in the quote above, you will have the ability to see what others can't, do what others are lazy to do, dare what others are too afraid to dare, adopt courage to take action when others are too fearful to do so, and the determination to keep going when others are giving up.
The 3 Ways are:
Luck, Fluke, Windfall, Chance:
Whatever you call it, and in whatever form it comes; it could be that you won a lottery; were born into wealthy family; or married into a wealthy family. These are the possible way to instantly possess a large amount of money – "get rich".
But like we discussed above, getting your hand on a lot of money does not mean you are rich; passing the test of maintaining and multiplying that money is what proves you are rich.
As you well know, getting rich by mere luck or chance does not force you to apply wisdom, acquire experience, form certain money habits, and exhibit the kinds of attitude. Statistic and history supports this claim.
Moreover, the joy of having money is most attributed to the sense of achievement and memories of challenges you overcame in the process. Just having the money handed over to you will not give you the pride of fulfilment.
Luck and Risk:
Many have come across a lot of money through what they can a lucky night. Yes, that’s exactly what it is; LUCK, which is totally beyond your control.
It also comes once in a blue moon: so you spend over 1000 white moons making the casinos and betting houses (e.g. play poker; count cards, races, sport game); stock brokers (options trading); and real estate dealer (aggressively trading - 'flipping') rich just for a shot at your one blue moon which may never come in your life time.
This path has worked out for some rich people but to over 99% of those involved in it, it is what I call "financial suicide". Luck and crazy risk-taking are really dumb ways to get rich. True lasting riches don't come by luck but by applying principles like the 8s principle code I will explain below.
Add Value by Providing Solutions:
The best, long-lasting and sure means to become rich is by massive value to people’s lives through your products and services. The 5s principle code of the rich and powerful supports this path to riches and wealth.“If your only goal is to become rich, you’ll never achieve it,” said John D. Rockefeller, America’s first billionaire.
His simple point is if just having more money is your focus, then you will never have enough.“If you chase money, you will always miss it but if you have a mission and seek value, money will come after you”. --- Frank Chisom
This path involves care and love for humanity, hard work, wisdom and perseverance as you develop quality products and services to deliver through your business in order to solve societal problems.
In real-estate for example, you add value by building quality, useful properties or by rehabbing and repurposing underutilized property.
Through this path you will develop the attitude, strength; character, habits and wisdom to you need to protect and increase your money to gain not just riches but wealth.
132,000 people in the U.S. with a net worth of over $25 million were surveyed by the Spectrem Group on how they made their money when the IRS isn’t involved.
So how did they become successful? Look at the sources used by 60% or more of the people surveyed, are they consistent with the 8S principle code of the rich and powerful? Read on below to find out.
THE 8S PRINCIPLE CODE OF THE RICH AND POWERFUL
Be-Do-Have. “Be” is the most important part of the three word formula. Most people want to “Have” what the rich have, but they often are not willing to do what the rich “Do” to have what the rich “Have”. --- Robert Kiyosaki
Be-Do-Have. “Be” is the most important part of the three word formula. Most people want to “Have” what the rich have, but they often are not willing to do what the rich “Do” to have what the rich “Have”. --- Robert Kiyosaki Click To Tweet
The great thing about these principle is that absolutely anyone can learnt and adopt them, there isn't anyone specially born and gifted with them. So even if you are not doing them already, learnt them and start using them.
Below, I have briefly explained the 8S principle code. Notice it is not the 8S principle “codes” and this is because without one, the other seven are useless. So the principle code is not the 8 of them but all of them but all of them as one.
You want to be rich? Then let’s dive in.
What is your STATE
The rich have a certain nature or state; we see ourselves in a unique light, in spite of what everyone else sees or says. Ask any rich person today and they will tell you they first got rich in their minds many years ago before it affected their pockets.
Just as Robert Kiyosaki describes in one of his books; decide to be rich, even if you are broke and penniless today. It is better to be broke than poor. Poverty is a mindset. A broke person can be rich in his mind, along as he thinks like the rich; it just haven’t shown in his pockets yet”.
“Are you thinking like an entrepreneur? Everything starts with the mind; you entrepreneurial journey start with your methodology of thinking. Think like the entrepreneur that you are.” --- Frank Chisom
“Are you thinking like an entrepreneur? Everything starts with the mind; you entrepreneurial journey start with your methodology of thinking. Think like the entrepreneur that you are.” --- Frank Chisom Click To Tweet
As long as you do not think that you can become rich subconsciously, every conscious effort you make will be resisted by your subconscious mind. So give yourself the permission to gain wealth by starting to think like one even though you may not see it yet.
“Rich Dad believed that words were a person’s most important tool. He constantly reminded me to watch the words I spoke, simply because he believed that the words you speak and the words you think ultimately become the world you live in. He often quoted the Old Testament: “And the word became flesh”. --- Retire Young, Retire Rich
So that night, I remembered Rich Dad reminding me to listen to different people’s words. I noticed that poor people often said:
“I just want enough money to pay the rent.”
“I need a few dollars to get to the next pay day.”
“After I pay my bills, I don't know how my family can afford to eat.”
People who used words such as these, often focused only on financial survival. Rich Dad often referred to these people as “poor” people, because they were poor managers of money. So a person who thought or spoke words such as these was constantly fighting for financial survival, regardless of how much money they made. “….. --- Robert Kiyosaki, Rich Books
You can start by observing real life rich and influential people, reading their books helps you to get into their minds. Find out what makes them rich, why are they rich, what is the difference between the rich and the poor; how do their minds functions and analyses situations, circumstances and data.
If you read their books and do your research, you will conclude that everything starts with the mindset and what you see (money, houses, cars, jets, companies) are the results.
The next step in this process is to start speaking in consonant with your vision and ambition. Speak in consistency with the word of God and how God sees you. Speak abundance and prosperity; speak in line with your new state.
At the beginning, as you change your speak habits, you might miss it a few time both keep at it. Among friends, among your family, in the mall, at school, in church, where ever you are, speak with a rich mindset.
Start now, say I am rich; I can affordable anything I want, I just have to find out how; it is ease to be rich, in fact, I am wealthy; I have more than enough and I give to others abundantly.
What do you want to Satisfy
Rich people have a deep desire to satisfy. They have a compulsion to satisfy their passions, imaginations, ambitions, expectations, gut, instinct and curiosity. Re-evaluate what you want in life; take a holistic stock of your life.
Consider every aspect; your mission should be to be rich in every way – professional, personal, family, relationships, etc
So, regardless of what you did yesterday, if you want to do better financially tomorrow, you may need to forgive your past and tighten up your activities today. So you can have a bright and prosperous tomorrow. To expand, you must first contract. --- Robert Kiyosaki
So, regardless of what you did yesterday, if you want to do better financially tomorrow, you may need to forgive your past and tighten up your activities today. So you can have a bright and prosperous tomorrow. To expand, you must… Click To Tweet
You identify your desire and object of satisfaction because they will be your drive and source of motivation. These dreams and aspirations will keep you going during those trailing times, which are sure to come by.
With “Satisfy” well clarified, you will have the ability to see your future that others can't, and can always tap from that inner drive to keep moving forward.
Strong willed, well focused, love for the good and better things of life, goal setter, goal achiever.
Find out what you dream about most often. Financially, how do you see your future, how do you want people to treat you in the future, what do you want people to think of whenever your name is mentioned.
Ensure that your main aim isn’t the money but a better and more influential life as a whole. Try becoming happy; remember money on its own will not make you happy.
Start now, dream of your deepest desires. Every time you feel discourage and want to give up, imagine that perfect future you want and keep moving toward it. Don't stop until you gwt there.
Now is the best time to start. Continue at it till you reach your desired destination or ambition.
How much and how often do you Study
“So that night in 1975, I vowed to focus, acquire education, gain experience, start small and get big as quickly as possible.“ --- Robert Kiyosaki, Retire Young, Retire Rich
Invest in yourself as much as you can. Keep learning, take courses, attend sessions and read as much as you can.
“It’s what you know that determines who you know. If you want to change who you know, simply change what you know.” So the most important investment you can make is in your financial education and financial experience. Invest in that first and the people you spend time with will change. --- Robert Kiyosaki, Your Financial IQ: Get Smarter with Your Money
Successful people are constantly reading to improve themselves and to separate themselves from the competition. Hence by increasing your knowledge, you will be able to take advantage of more opportunities and transform them to sources of income.
If don’t know this already, know it now: becoming super rich in anything is as a result of investing in yourself and others, doing both small and big things really well and taking well calculated risks (leap of faith).
Yet only 2% of people yearning to be financial independent and free read these self-improvement books. Consequently, they remain poor not growing in their minds or professions and are usually among the first to be fired or downsized.
If you want to be successful, do what successful people do? Do you know that 88% of wealthy people read 30 minutes or more every day, also take note of what they read below:
What are you dreams, ambitions or goals; having the maximum knowledge and education in your field increases your chance of success by over 60%. Reading more about your business or career will make you more valuable to your colleagues, fans, sponsors, customers or/and clients.
Is it sport? Then practice and acquire as much theoretical and practical knowledge in that field. Is it business, or science or law and government; whatever it is study, it as deeply as you can. Educate yourself always.
Start with observing rich people in real life, think of the difference between rich and poor people and how their minds work. You'll soon come to the realization that their level of knowledge in a particular field is the game changer.
Wherever you are, the train, bus, waiting for an appointment, using the toilet; transform it to your momentary classroom and educate yourself. Rather than waste your time and potential income on social media.
Whenever you have a free time; even if you do not have one, create one. In your everyday schedule, allocate at least an hour for educative reading. You should read these books too.
How much and how often do you Stake
And to the gamblers reading this – no, I am not referring to that; so hold your reins. Stake here stands for investing with well calculated risk, into potentially profitable and scalable ventures.
The rich invest in money machines, they make their money work for them, and this requires money to start with. That is investing in books, courses, solid business ideas, well picked stocks, Bonds, etc
Every rich and wealthy person knows this, and it is well explained in “The Richest Man in Babylon”. To become rich, you have to work for some money, gain some knowledge then invest the money into money machines that will cause your money to work for you.
The one underlying principle that makes one rich is the ability to generate money without any major input of additional time. The more of your money working for you, the more you will earn and the more time you can have for others stuffs that matters to you.
The idea is to work once and get paid over and over. This is how music artists, movie stars, authors, and even business owners get wealthy. You have to multiply your efforts somehow, otherwise, you are simply exchanging hours for dollars (and that is not business, that is having a job).
The latest of IRS annual report of 400 Individual Tax Returns Reporting the Largest Adjusted Gross Incomes (a government report that shows how those individuals earned their money) is for the years 1992 through 2009.
In the chart below, do you notice those with the high increase in income; definitely not those depending on salaries or savings interest? So to be significant rich and wealthy, you have to invest.
Basically a money machine is a business or product that once it’s set up, does not demand extra hours to running and scale. A great money machine I recommend is starting your own online business; it is a great money machine that cane automated once it is setup correctly.
Your money machine depends on the industry that you are in. However, an online business can be started in absolutely any industry and from any part of the world with internet connection. That’s also why I recommend online business to my students especially if they have not created any money machine before.
The earlier you start creating your money machines, the faster they will start benefiting from them. So start here now.
Spend for Rich – Save for Poor
“The poor save in simple ordinary saving accounts while the rich, when they do save put their money in investment and compound interest accounts.” --- Frank Chisom
The rich hardly save like the poor, who either save in simple savings account or goes out to buy a car, family home, latest iPhone or some other consumer goods. The rich don’t just keep some money away that will lose it value as inflation increases.
No, they save by spending on valuable products that will make them more money when they decide to sell it in the future; products such as artifacts, lands, buildings, gold bars, valuable jewelries, etc.
“The poor saves thinking he is getting richer. The rich save to accumulate enough for the next investment”. --- Frank Chisom
“The not rich save to have a safe net for the future, but the rich save to have more to invest, which will in turn provide their safer net”. --- Frank Chisom
“The rich spend on assets while the poor are saving; and when the poor do spend, the spend on liabilities (consumers goods)”. --- Frank Chisom
“I need a few dollars to get to the next pay day.”
“After I pay my bills, I don't know how my family can afford to eat.”
People who used words such as these, often focused only on financial survival. Rich Dad often referred to these people as “poor” people, because they were poor managers of money. So a person who thought or spoke words such as these was constantly fighting for financial survival, regardless of how much money they made.
The middle class used different words because they had different ideas about how to use their money:
“Our home is our most important asset and our largest single investment.”
“We’re setting a few dollars aside every month, so we can afford the down payment on our dream home.”
“We’re saving money for our children’s college education and our retirement.” Robert kiyosaki
That night, I recalled the words my rich dad’s rich friends used:
“How did you finance your shopping center? Did you syndicate it with a joint venture partnership or did you go to a hard money lender for the interim money?”
“My underwriter has a new private placement, pre-IPO offering. Do you want a position in it?”
“I bought the shares through my corporation because the long-term tax consequences are better.”
The rich used the vocabulary found in the asset column. Rich Dad said, “The rich are rich because they are not focused on day-to-day short-term survival, or the expense column as the poor are. Nor are the rich focused on comfort and the acquisition of liabilities using credit, as the middle class is.Robert Kiyosaki
When you have developed the mindset of the rich and powerful, identified what your strong desires (ambition, dreams), educated yourself (read these), and invested your initial money to create your money machines (online business is recommended); you will know what to do at this stage.
Wherever and whatever that you find lucrative.
When investing, "ALWAYS" will never harm you as much as "SOMETIMES". --- Frank Chisom
Start Now: It's always the best time
“If you’re willing to be a little uncomfortable to become very rich and retire early, develop your plan — even though you may be broke, but not poor, today. And if you are already rich, Rich Dad’s plan may help you become richer and happier...even beyond your wildest dreams.” --- Robert Kiyosaki
Due to the internet and so many advanced technology we have today, it is easier to become rich now than ever before even as little as initial $100 investment. With Internet businesses you have a very low zero startup costs and if done well can make you more than 1000% profit. The youtube.com you know now was developed by just three people and Google bought it for 1.65 billion dollars.
Have you heard, they the early birds get the worm? The earlier you begin a task, the earlier you expect to finish. So if you want to achieve your dreams as soon as possible, start working on them now.
If you will rather sleep or watch TV after reading this article, then you are not serious about becoming rich. Go now surf the web for ideas, write your plan, download the picture of your dream car, and start thinking about the ways you will use to make money.
Cripple procrastination in your life, do the most important and impactful tasks first, break your huge tasks to small measurably and doable bits.
The rich are tenacious people, sometimes unpredictable problems may arise, obstacles may hinder you, even depression may slow you down but in the end nothing in the whole universe can defeat a persistent person who really wants something so badly.
For example, consider Henry Ford who lost his money six times but each time he fought back and got back on his feet. Donald Trump as well declared bankrupt 4 times (as of 2011) but he bounced back up. Since neither Henry Ford nor Donald Trump give up, you have no excuse to do so.
If you have to, read the post again, get a strong grip of the 8S principles of the rich and powerful and start implementing them in your life. Since I recommend starting your own online business, I will advise you to start here.
Wherever you are, you can start your online business from there.
Separate as soon as possible
This is one of the fundamental aspects of the 8S principle code, it is the ability to generate money without any major input of additional time.
You need a force multiplier to get rich and remain there. If you do not create your business in such a way that you can safely separate from them in 3 – 6 years, you have just created another job for yourself.
A mere job will never make you rich because there is a limited number of hours that you can be paid for but you can potentially build limitless "money machines" that will keep churning out money as you move on to the next big idea.
“Until the tree start bearing fruit with seeds in them and until you plant those seeds, you have only one tree.” --- Frank Chisom
Like I explain above in the investment section, you grow rich by have money machine the requires minimum attention in order to produce more.
The problem with a small business or small investments such as one single family rental, is that you have to do all the work. You do all the work because there is not enough money to support pain management. So you own it and manage it.
Very often, a person begins to buy real estate and soon quit because the work is hard and the pay is low. Why; they started with a small plan and stayed small.
For business or investing to work for you, in most cases you must get big. Instead of buying only two rental properties, plan on acquiring at least 20 properties as soon as possible. (But make sure you know what you’re doing first.) With 20 properties you can afford professional management, if the cash flow is strong, or you can trade the 20 units into one larger apartment house or office building.
The people who dream small, think small, and work small, work the hardest and are paid the least.
Every new product, service or website you launch, greatly multiplies your efforts and adds to your existing bank of money machines.
Online business is the way forward for most people. The other forms of money machines such as investing in stocks, bonds, real estate, require large capital to start and develop. They also require precise understanding investment if not, you will lose your money.
As with online business, you can start from anywhere in the world and in any niche you prefer.
The goal is to develop each online business idea, products or services as soon as possible and move on to the next big thing on your list.
Share: Generous people get rich easily
Give, and it will be given to you. They will pour into your lap a good measure—pressed down, shaken together, and running over [with no space left for more]. For with the standard of measurement you use[when you do good to others], it will be measured to you in return.” --- Luke 6:38, Bible
“In 1975, I knew that if I wanted to acquire great wealth quickly, I had to be a person who shared. I had to be generous. If I was greedy, stingy or tight, it would take me longer to attain great wealth.” --- Robert Kiyosaki
It is a principle law that God instituted to favour the generous and to take care of the poor. Take advantage of it and enjoy more ease on your journey to great.
Take a look at the rich such as Bill Gates, Steve Job, Dietmar Hopp, Mark Zuckerberg, Warren Buffet and many more: take a look at top 20 business insider's list. They have learnt that secret, and are using it to their advantage.
Giving is a sure way to protect what you already have.
In spite of what most poor say, truly rich people are extremely generous. Don’t say it is because they have more than they need; no, that is not why. Most rich people have been giving free even before they became rich. In fact their generosity is one of the secret to your success as the bible says, God loves a cheerful giver; so logically any one that obeys and pleases God is helped by him.
So, I decided to operate out of the B (Business Owner) quadrant, rather than follow my poor dad’s ideas on labor unions and protectionism. I knew that I needed to focus on doing more for less money, for more people. I needed to focus on sharing as much of my wealth with as many people as possible. --- Robert Kiyosaki
So start now, learn to help people without accepting and asking for money. Give more to church outreaches, mission works and the spreading of the gospel of Jesus Christ.
I start giving out $100 notes when I could barely afford it. To most, I was acting foolishly but I knew what I was doing. I was releasing seeds that will produce fruits and more plants for my future. By doing that, I was propelling myself faster and farther than my mates.
I was doing beyond the normal, so I had extraordinary results; achieving more in far lesser time, compared to others struggling to do the same things.
Always be the one helping, and assisting others and you will gain more favor automatically. Be it in church, at home, in school, in your community, in your country or abroad. Be known as the helper.
The best time to start is now, look around you for a need or someone in need and reach out with a helping hand. No matter how small and insignificant you think it is, you are already changing the world. You are already becoming rich, powerful and influential.
Be willing to do the work required to incorporate this 8S principle code into your life. At the beginning it might be a little difficult but as you consciously apply them day by day, it become easier and a part of you.
You control and determine how successful you will be. So choice to be rich, powerful and influential; truly the world need more people like us. Therefore, start your online business today, create your money machine and satisfy your ambitions and dreams.
Okay, now it is your turn. I want to hear your thoughts in the comments below.
- What part of the principle code is your favorite?
- What have you personally experience on your path to riches, power and influence? I am sure, I and other readers will love to hear your story and learn from them.
- How many money machines will you want to create through your online business?
And any other thoughts you will like to share. Also use the social buttons below to share this post; thank you for giving and sharing.
Until next time, keep going forward and higher.
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