HOW TO GET WHAT YOU DESIRE
First, what is a desire? I would like to think that a real desire is a burning obsession. It’s something that’s been on your mind, and you just have to have it. A desire is something that you either really want or really want to do. Some people have different desires. Some have fitness desires and want to be in great shape. Other people have desires to be in a loving relationship or married. Still others, like you and me, have wealth desires. We want to be rich, and that’s a wonderful thing!
So, how do you get what you desire? With every desire or want, there is a way to get it. What is that way? It’s called THE PROCESS. Once you figure out what you really desire, the next step is to find out the process to getting it. Once you find the process and, if you stick to the process, the outcome will follow.
Let’s talk about relationships. Before my wife and I got married, I knew that I wanted to marry her. I don’t know if she wanted to marry me. Nevertheless, that was my desire. I said to myself, “I want to marry Arnetta. So, what’s the process?” Yes, there’s also a process to getting the relationship you desire.The process to me getting married included finding out what she desired. I asked myself, “What does she need? What does she want in life? What are her challenges and pain?” I knew that in order to get her, I had to become her pain pill and help her reach her desires. I also had to see if we were compatible. There’s more to marriage than just wanting to be married. In a relationship everybody needs something. I need something from her, and she needs something from me.
Let’s talk about fitness desires. I wanted to have a nice chest. So, I had to start lifting weights. When I first started years ago, I was super skinny with no muscle tone. It took about six months before I looked halfway decent. Before achieving my goal, I had to know what the process was. The process included bench pressing, shoulder pressing, arm curls, and leg squats, and I had to do all of it at least three days a week. Now, as I said, it took about six months before I noticed a difference. I had to trust the process. If I hadn’t trusted the process, nothing would have happened. For example, if I had worked out every other day for three weeks and had seen no change, I would have quit. But, because I trusted the process, I kept going and going, and 6-7 months later, I looked physically different.
Now, let’s talk about why you’re really reading this blog. Let’s talk about the process of money. Let’s talk about wealth! What’s the process of building wealth? What if you were broke and had nothing, not even a dime? Where would you start? Here’s where you should start: Get a job. Yes, the first thing you need to do to gain wealth is to get a J-O-B. You may get a job earning $30,000 a year. Although it’s not a lot of money, it beats a blank. So, now that you have a $30,000 job, what are you going to do? What’s the process to building wealth? You take that earned income and buy portfolio income and passive income as fast as you can. In fact, every time you get a check from your job, you want to buy either one, if not both.
So, what is portfolio income? We’re talking stocks, bonds, mutual funds, crypto currency, and so on. What is passive income? This includes businesses, real estate, etc. My friend, that is the process to building wealth. It’s not rocket science. It’s not difficult. It’s discipline! Are you disciplined enough to build wealth? That’s what it’s going to take. Be disciplined enough to take your weekly, bi-weekly or monthly earned income and buy passive and portfolio income. That’s it!
I know what some of you are thinking. “I want to buy some real estate, but my credit is bad.” Okay, so what’s the process to getting your credit right? There are many credit repair companies, like Lexington Law, available to help you. In fact, you don’t need a 700 credit score to get your first property. You can get it with a 580 or 600, if you know the right lenders. So, get your credit score up, save some money from your job for the downpayment and go buy your first duplex. You can even start with a four family house. You can live in one unit and rent out the other three units. That’s a great way to build wealth! It sounds simple, doesn’t it? That’s because it is simple. However, it’s not easy. You have to be disciplined. You have to be disciplined if you want to reach any desire. If you’re not disciplined, you won’t achieve it. It doesn’t matter what it is.
So, again, how do you get what you desire? First, you must commit to being disciplined. Second, find out what the process is to achieve it. Third, be disciplined to stick to the process every day no matter what. No matter how it looks or how bad things seem to be, you have to continue the process. If you continue the process, you will get there. So, will you discipline yourself to do what’s necessary?
If you’re not willing to discipline yourself and trust the process, you are a liar! That’s right! Plain and simple! That’s not really what you desire! You don’t really want it! You don’t want it because you’re not willing to put in the work. If you’re not willing to put in the work, stop lying to yourself.
On the other hand, if you say, “Yes, I am willing to do what is necessary to build wealth,” then great! All you need now is to take that first step, and when you do you will find your assets matching your liabilities. For instance, if I desire a million dollars, what’s the process? I have to buy assets and limit my liabilities. Like most people, if my liabilities currently outweigh my assets, then I have to get my assets to equal my liabilities.
What are assets and liabilities? Assets are anything that bring you money without you having to work, while liabilities are anything you have to pay out like rent, a car note, child support, breakfast, dinner, gas and electric, etc. Basically, everything you need to live that costs you money is a liability. So, if your assets equal your liabilities, you are now wealthy. Yes, that’s right! For instance, if you have $5,000 worth of liabilities every month, then all you need are $5,000 worth of monthly assets. With that $5,000, you’re able to live your chosen lifestyle every month without having to work a 9-5 job. That’s the goal!
You don’t need a $100,000 a month to be wealthy. You just need to be able to live your chosen lifestyle without having to work. The best way and the only way to do that is to have more assets than liabilities. For example, some people have online businesses that bring them money, which is an asset. Another example would be buying a luxury car and renting it out. Yes, you heard me right! I know some people who buy luxury cars because they love luxury cars. They then rent them out to people they know, making the car an asset rather than a liability. A third example is buying a house. Although some people say that your house is an asset, having to pay a monthly mortgage really makes it a liability. Yes, it may grow in value over time, but while you’re making those monthly payments, it’s a liability. However, if you choose to rent it out it then becomes an asset.
So, are you ready to build that wealth? Then find out what you need, trust the process, and you will get what you desire.