Is There a Secret to Creating Wealth? Yes there is

Don’t pay anyone for it. In a minute I’ll give it to you for free.

When you look at your paycheck, do you wish it had an extra zero? Most of us want to make more money. But do you know what it takes? Did you know that many of us are going about it the wrong way?

Let me step back in time and tell you a story…
It’s the 1980s…

Christine and I lived in a housing complex nicknamed “Hell’s Half-Acre.” I didn’t know it at the time, but I was going to make a whopping $4,000 dollars that year.

My rusty old 1980 Ford Grenada just blew a water pump in the parking lot and I had to borrow $20 bucks from a friend to buy a rebuilt.

I changed the pump outside, in the dark, while the temperature plunged near -20 F.

As I pulled away with fingers so numb I couldn’t feel the steering wheel, I saw a guy I had seen many times before. His office shared the parking lot. He was tall, dark, good looking, about my age. He wore tailored Italian suits, owned several different German cars, was frequently surrounded by beautiful women, and that night he left the parking lot in a black 700 series Beamer.

Years later, someone told me the man in the Beamer was Bahram Akradi.

But back then I was angry and I remember thinking…
“How the hell can he have so much while I’m sitting here drenched anti-freeze, frost bit, without a dollar to my name? Where’s the social justice in this shit?”

I don’t think that way today, and I work hard to rid myself of such irrational resentments.

Since then I’ve learned what justice is. True justice is to reap what you sow. And I was harvesting what I had sown and Bahram was harvesting what he had sown. I was still suffering from the delusion that economic rewards were granted by some authority who gave preference from an ivory tower. I still believed that there was some central distributor of wealth who hated me and this was a problem only he could fix.

But I wanted money, and I didn’t have any idea how to get it. I had no plan, and I was blaming everyone but myself.

Let me tell you a secret that I think Bahram knew about money that I didn’t.

You are already wealthy! You have more wealth inside you than you can imagine. You only need to learn how to tap it. That is why freedom and liberty are so important.

Money is an effect, not a cause. Most of us think money is the cause of effects, it isn’t. It is the exact opposite. Money is the effect of doing things a certain way, combining rational knowledge, with positive emotion, to create value for other people. You can be the cause which creates money, but it may require that you change your core habits. The bigger your cause, the more value you create. The bigger the idea, the greater the effect. For Bahram the cause of his money was his obsessive desire to reach an end, the end goal of helping as many people as possible become healthier and stronger.

Bahram was doing the right things to create wealth, I wasn’t.

The simple fact is…
To get more, we have to become more for other people.

Because of old habits, even today, it’s easy for me to forget this core truth.

Money is not an end. It is a means to an end.

Bahram’s end was helping to make other people’s (rear) ends a little smaller. 🙂

Now it’s your decision…
Are you tapping the wealth inside of yourself? How big is your cause? Is it worthy of your capabilities? Of your gifts and talents? Of who you really are?

6 thoughts on “Is There a Secret to Creating Wealth? Yes there is”

  1. I like this, Steve. Especially how you’ve connected freedom and liberty with wealth. There are so many people who have become dependent on government for a handout and those people will probably never be wealthy because they think that Uncle Sam will take care of them. The problem with ever having to rely on someone else to take care of you is that they will usually barely take care of you and they will ask for too much in return. In the case of any type of government handout, the price of the handout is liberty. It always is. Even if there are no immediate strings attached, ultimately the recipient has helped to increase the scope and size of government. But they’ve also established a dependency, and any time you are dependent on anything you’ve sacrificed freedom.

    I’ve recently started working on some software that I’m not sure many other people have the combined skills to create and I intend to market and sell it when it’s complete. Unfortunately, it’s taking a lot of my time but that is usually one of the prices of wealth–at least initially. In time, the wealth will give me more time and the marketing should help take care of itself with a few modifications to my family’s lifestyle.

    Anyway, the interesting thing is that the idea for the software and the ability to program it all comes from inside, just like you said.

  2. Steve,

    I have heard this type of story from many different successful marketers. You have to have a end goal that is more than just making money. Your story should be an inspiration to those struggling to survive in their quest to earn more income. I could not agree with you any more than the way you put it. I will ask my team to read this – again and again.

    Cheers,
    Dale Fildes

  3. @Matthew Cornell – “Try not to become a man of success, but rather try to become a man of value.” – Albert Einstein. Sounds very similar to Steve’s.

    I like both quotes 🙂

  4. Excellent reduction to its essence, Steve. I especially liked this:

    “Since then I’ve learned what justice is. True justice is to reap what you sow. And I was harvesting what I had sown and Bahram was harvesting what he had sown. I was still suffering from the delusion that economic rewards were granted by some authority who gave preference from an ivory tower. I still believed that there was some central distributor of wealth who hated me and this was a problem only he could fix.”

    Lots of people think this way—there’s a man behind the curtain orchestrating in all. All that needs to be done, according to “them” is change the man—a new wizard in a hat selling snake oil (thanks to Joe Tiller, Purdue’s football coach, for that last phrase).

  5. Hi Steve

    Great story and a great way to getting down to the basics of becoming wealthy.

    I believe being wealthy starts in the mind and ends in the physical, but most of us don’t get this until there is a tipping point. I think this article will be a tipping point for a lot of people.

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