Key Points from the Wealthy Place part 2 by Apostle Joshua Selman

Ecclesiastes 5:9a (Moreover the profit of the earth is for all)

Its Gods desire that you prosper

Quote 1: God never made anyone rich or poor, they made themselves so

The biggest difference between the rich and poor is not the money in their pocket but their mindset.

We will be contrasting the mindsets of the wealthy with the poor.

1) The rich believe in taking responsibilities for the outcome of their life, while the poor beliefs in luck and chance.

- The rich believe they have a role to play in the outcome of their wealth and financial abundance.

- The poor beliefs and hope that one day something will change.

- The poor love passing responsibilities to others.

2) The rich are very disciplined and patient people. the poor are very undisciplined and impatient.

- The poor always wants sharp money, and are financially irresponsible.

3) The rich and wealthy believes in the law of process, they know that it takes time to build true wealth. the poor always want results without process.

Quote 2: Anything that does not subscribe to the law of process, run away from it.

Quote 3: Break-through comes instantly, but preparation for that breakthrough takes time.

Quote 4: God gives men to speed, but he does not rush them.

4) The rich always plan and set goals, while the poor are always impulsive and reactive.

Quote 5: Stop trying to look rich, pay the price and be rich.

5) The rich see challenges as opportunities and stepping stones. while the poor see challenges as stumbling blocks and obstacles.

- When others see obstacles, see opportunities.

- Your attitude towards a challenge would determine if the challenge will kill you or you will rise above it.

- Challenges really bring us to the place of destiny, they create defining moments in our lives.

6) The rich have great courage and persistence, whereas the poor easily give up.

7) The rich are great risk-takers, while the poor do not want to take risks.

8) The rich have a positive mental attitude towards the opinion of others and never let opinion kill their dreams, while the poor have poor esteem of themselves and are influenced away from their dreams.

Now to the grand formula for wealth and abundance

The amount of money you receive(wealth or income) will always be in exact proportion to:

1. The demand or need of what you do.
2. Your ability(Expertise) to do what you do.
3. The difficulty in replacing you

The above is the grand key to prosperity.

The first formula

• Never try to sell a service where there is no notable demand for it.
• You are only paid for something if there is a demand for it.
• You either create demand first. through exposure, advertising or satisfy existing demand.
• Always respond to demand, and you will be rich.
• When demand for service becomes very high, your wealth index grows faster and u can grow back even if your business crashes.
• Always be absolutely sure that there is sufficient and sustainable demand for the value or service you wish to provide before working on providing it.

The second formula (The Ability to do what you do)

• Ability and expertise are how you become a leader in your field.
• There is a direct relationship between skill/competency and financial abundance.
• In what you do, do you have the ability or desire?
• Skill is not just an impartation..it is learnt.
• Make up your mind to be a master in what you do.
• Skill and expertise is the key to promotion and improved salary.

The third formula (The difficulty in replacing you)

• To be valued means to not be easily replaceable.
• When your uniqueness stands you out such that it becomes very difficult to find a worthy alternative to you, you will be very wealthy.
• If you are easily replaceable, it’s a sign that you will be broke.
• Know your uniqueness?
• You do not seek money directly, money like health and happiness is a by-product, an effect of carrying out a formula.

Two ways you get rich

1. increasing and improving the service you offer
2. Increase and improve your skill.

Personal Evaluation

1. What is the major solution or value you provide?
2. Is there a demand for the solution you are providing. if yes how great and sustainable is that demand.
3. Do you possess all the skills and expertise necessary to provide the above solutions(are you aware of all the skill required in the first place)
4. Write 2 things you can do daily to become exceptional in your field.
5. Write down three major ideas that have come to your mind in recent time. (pick one and start working on it