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So we have finally come to the end of our series on the 9 Habits of Millionaires as i understood them from Adam Khoo’s e-book. Lets dive right into what is probably the most important of all the habits as it directly relates to money and how we see it.

Habit 9: Respect Money

Do you really respect money? If i was to ask you what you thought of money, I’d get several varying answers many of which would show an unhealthy view towards money. The most common beliefs about money are:

  • Money is the root of all evil
  • Money is elusive and fleeting
  • Having money will cause me more problems
  • Rich people are greedy, selfish and unscrupulous
  • Poverty is a virtue
  • Money will change you(into a bad person)
  • You have to work extremely hard to make money
  • If i become wealthy
  • etc

Most of us want and desire to have lots more money but subconsciously, we walk around with these negative associations towards money and this causes a conflict. Essentially what happens is that we sabotage ourselves from getting money. For example most of us have been brought up to believe that money is the root of all evil. As such we feel guilty about money. So we unconsciously do things to get rid of the money in our lives. If you have 5million shillings on your account, you find ways to spend, lend, waste, give it away to abate the guilt you have in actually having that much money. Please note that as long as you have this disrespect for money, you will never be able to truly prosper. 

Millionaires on the other hand have a high respect for money. They see money as a tool, an ally and even as a friend. Millionaires know that money can do a lot for them. Millionaires realize that money offers them opportunity to do the things they really want, go where they want and buy what they want. Money to them therefore is highly respected. They don’t waste it. They don’t throw it away. They don’t feel ashamed of having it either. In the same breath, millionaires are not slaves to money. They don’t work for money. Money is a result of them offering tremendous value in the marketplace. They know that their true worth doesn’t come from money but with the value and ideas they have to offer. Money to millionaires is merely a way of keeping score.

So we must work on changing our beliefs and attitudes towards money into more healthy and empowering ones. I personally have chosen to adopt some of the following beliefs about money:

  • Money is abundant and comes easily and frequently to me.
  • Money helps me live the lifestyle I desire
  • Money enables me to richly bless those around me
  • Money is an effective tool that I use in my life
  • Money is a reflection of the value I offer in this world
  • Having money is generally better than not having it.  
  • Money gives me tremendous influence for good
  • etc

I’d definitely like to hear your new found respect and beliefs of money. I could use a few more myself. Recognize that most of your beliefs about money are myths that were unwittingly passed onto you by you parents and society. You want to be rich. You can be rich. Give yourself permission to do so. I know i have. And everyday I’m striving to develop all these 9 habits.

And thats it folks. Phew! Thank you for following this series, I do hope you were blessed by it. I will be anxiously waiting to hear your various feedbacks about how easy, difficult or practical it’s been for you to live out these habits. For your reading convenience here are all the Habits listed once again.  

Shalom

JAMES RUSSELL LOWELL:
Wealth may be an excellent thing, for it means power, and it means leisure, it means liberty.
 

WOODY ALLEN:
Money is better than poverty, if only for financial reasons.

 

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Wow, we’re ever coming closer to completing this series on the 9 habits of Millionaires. I am blessed that you guys have been continually following with me as we explore these fascinating habits. I am glad that you guys like me, really want to turn our lives around for the better and not be just average. So right to it then.

Habit 6: Acting with Integrity

Integrity is about being totally honest with yourself, with others and holding a high moral standard. It’s about doing what you say you will and acting consistently with what you say you believe. When you act with Integrity, everyone around you, your family, friends, customers, staff will trust endearingly in you. That’s because they always know where they stand with you. Your customers will always beat a path to your doorstep because they know you’ll give them the highest value for money and not cheat them. Integrity means fulfilling your promises even when it’s going to cost you to do so. It means actaully working 8hours a day that you are paid to and not just playing with facebook, blogging and reading newspapers on the job. 

I must confess, I am appalled at the lack of integrity in Uganda today. It’s extremely maddening that people will lie and cheat like they eat & breathe. Even kids now have no problem in cheating on their exams and copying each others courseworks. If there is a reason why Uganda’s progress has slowed and even seems to be reversing, it’s because of a great lack in integrity. Reputation means nothing to people anymore. Look at your global funds, GAVI, election fraud, massive corruption. I wrote about this last year here.

Millionaires are people of Integrity. The word of a millionaire is worth millions. Sure there are a few(an in our case, seems like the majority) of millionaires who have lying, cheating, scum of the earth but as a rule of thumb their wealth will not last. The book of Proverbs 13:11 says

Wealth gained dishonestly dwindles away, but he who gathers by hand makes it grow.”

I’m personally learning each day to live with Integrity. It’s not easy but it must be done. In a country like ours, the millionaires are going to come from the few individuals who are absolutely trustworthy in the midst of the insane dishonesty and corruption. I am working to make sure that I am one of the few, how about you?

I’ll close with this interesting fact. In the bestselling book ‘The Millionaire Mind’, author Thomas Stanley interviewed 733 multi-millionaires and asked them what were the key factors that contributed to their wealth. Ranked number one was ‘being honest with people‘. This factor was ranked way ahead of factors like ‘making wise investments’, ‘working hard’ and ‘having a competitive spirit’. Think about that till we next meet to discuss habit 7: Be 100% Committed.

 Shalom

“Integrity is the essence of everything successful” Richard Buckminister Fuller


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Hello people, I hope you are enjoying this series on the 9 habits of Millionaires. Lets continue.

Habit 5: Do what you love

All successful people in this world have one thing in common. They do what they love.

In Uganda, most of us are looking for shortcuts to getting money and we’re constantly looking for the right business or career path that will get us there. For a while I recall that IT was considered the choice career and then it was Procurement so that people could be on tender boards and eat “enjawulo”.

Let me make this clear, you can never be successful unless you wake up everyday excited & full of passion for the work your going to do. People who love what they do don’t even see it as work. They enjoy themselves tremendously and eat, sleep, breathe what they do. As a result, they become the absolute best at what they do. They are walking encyclopedias about their particular field.

In any industry/ profession there will always be a minority who earn millions and the rest of the majority who earn just enough to get by. Why? Because those who earn the millions absolutely love what they do while the rest of us simply do it because that’s what you studied or it’s where you were told the money is.  There is no perfect millionaire career path. Whatever it is you choose, you can be a millionaire. You simply have to be absolutely 12o% committed to being the best in that particular field. And you can only do so in something that you love doing.

Tiger Woods is the best golfer in the world because of his intense love for the game and his obsessive commitment to practice and improvement. The same was true for Michael Jordan. He wasn’t the most gifted basketball player. Infact, he was rejected from his high school team the first time he tried. But his love for the game and commitment to training made him a legend. Steven Speilberg loves making movies, Tom Clancy loves writing about all things military, Museveni loves to rule 🙂

Realise one thing about all these people is despite the fortunes they’ve amassed, they still continue working. That’s because for them, it’s not about the money per se; its about their passion and being the absolute best at what they do. They love what they do so much, they would do it for free!

If you’re wondering why you aren’t successful, why you aren’t motivated or focused, the reason is very simple. You’re not doing what you love. Find what you love. We have been taught by our parents that in order to be successful, you gotta find a good job and work real hard for 30years. Simply put,

go to school > work hard > make enough money > do what you’ve always wanted

but the millionaire principle is

find what you love > become real good at it > make tons of money > continue doing what you love.

Again, it really doesn’t matter what it is you love. It maybe technology, sports, clothes, cooking, baby sitting, writing, nsenene, gonja, whatever.You can be a millionaire doing anything you choose as long as you’re the best in the business.

So let us ask ourselves the following questions:

  1. What do I love to do? What would I do even if I’m not getting paid?
  2. If time, money, resources were not an issue, what would you be doing on a daily basis?
  3. Who are the people who have made a fortune around my passion?

Answer these questions and get serious about making your fortune doing what you love. Next up, Habit 6:Acting with Integrity

Shalom

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Last night I was in need of great motivation so I picked up one of my favorite motivational preachers, Joel Osteen’s “Your best life now” for a boost. As I read the chapter on living with excellence and integrity, I was so convicted by the Holy Spirit that I, the Apprentice was living in real mediocrity!

I was stunned, horrified and totally ashamed. Me? Mediocre? How?

Well in very many simple ways. You see, Joel was saying that when we as christians go around driving dirty cars, dressing dishevely, consistently getting to work late, spending hours of our employers time surfing & blogging(not you guys ofcourse), giving our very least-just enough not to get fired, constantly complaining and excuse finding; then we are living in utmost mediocrity and shaming our God.

I am guilty of all these things to one extent or another. Joel goes onto to point out that as long as we keep doing this, God will never promote us. As the Lord said, “if you are faithful in the least, you will be given even more to handle” I’ve been crying for promotion, more money, more time, more opportunity, more vision and yet, I see now I’ve been doing so miserably with what I’ve got now that there’s no chance God would trust me with more.

Well, a change has to be made. This just won’t do. I can’t live with myself as a mediocre person. I despise mediocrity. It just won’t do. So help me God a change is on the way. I’m ashamed that there are many people out there who regard me as a sluggard, mediocre. The very words sting my soul. I thank El Elyon for pointing out how I had slipped into this life.

People, be mindful. Mediocrity has a way of invading your life ever so subtly, especially here in UG where its the accepted way of life. Don’t give in.

Live Excellently. Live with Integrity. God has promised He will richly reward us if we do.

Shalom

“This is beneath your dignity.  You were created to house the fullness of God.” Father John Sergiev

Build a better mousetrap and the world will beat a path to your door.Ralph Waldo Emerson

The secret of joy in work is contained in one word – excellence. To know how to do something well is to enjoy it.Pearl S. Buck

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