This is the title of a book co-authored by Mark Victor Hansen, James Skinner, and Roice Krueger.
In this book Mark Victor Hansen writes that on one of his trips to China, he was asked to talk about billionaire traits.
Mark found that when he had asked billionaires what they would do with $1 Billion dollars, these were some of the answers :
“I’d be comfortable and secure with all my basic needs met, so I could focus on peace among various religions and cultures. All the while I’d have beautiful houses across the world to stay in.”
“I want to be a philanthropist. I want to give away my money.”
I want to teach others how to be billionaires, contribute to society, help eliminate poverty, and save the environment.”
“I would like to provide housing for the poor.”
He found that they all had one thing in common.
They never said anything selfish.
“Billionaires thoughts are never selfish!”
Their thoughts are all noble, empowering and uplifting.
“Anything that you hold for yourself alone becomes a liability!”
Isn’t that interesting? He cites the example of knowledge. He says that’s why we share our knowledge. When knowledge sits in our brain space, it is a liability until we share it with someone else, thus converting it into an asset.
“Wealth is the result of sharing your assets with others!”
He says that wealth building is unselfish. The process of becoming wealthy is the least-selfish process.
That’s something for us to reflect upon.
He says that whenever we hold something for ourselves, it becomes a liability and starts sucking out our cash.
But when we start to open it up for others to use, it becomes an asset.
“Make everything you are, have, or own available to other people!”
We need to start thinking of ways to make everything we are, have, or own available to others.
And if we want this asset to become an even greater asset, we have to share it with more people in more impactful ways.
He asks us to consider this question: What makes something an asset, and what makes it a liability?
Is our car an asset or a liability? To the taxi driver, his car is an asset because it generates cash for him all day long. And how he does this is by making it available for anyone who wants a ride to use it.
Opening up our assets for the use and benefit of others will provide us the opportunities and the cash flow streams to come to us naturally.
It’s a mindset and Wealth is a mindset.
Once we have this mindset we’ll see that when we give, we will create a vacuum effect which will naturally fill up.
So the more that we give, the more we will receive.
We just have to look at the wealthiest people to know where wealth flowed to.
It flowed to Rockefeller who gave it away before he died.
Carnegie also gave it away.
Bill Gates is giving it away.
Warren Buffet is giving it away.
“Wealth flows to the givers!”
“All of us together can create a better world!”
Our minds are assets and more of us need to use our minds as assets.
“Giving it away does not make it less for you!”
What he says we have to understand, is that we need to share everything that we have so that it grows.
When we give it away, it just doesn’t grow; it multiplies!
How powerful indeed!
In summary, we cannot give wealth away because it keeps coming back. So his advice to us is to start giving.
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Cheers, Jasmin