Article

Do You Attract Wealth Or Drive It Away?

Topic: Wealth - Creating Wealth and Building WealthFeaturing Robert SheminPublished February 6, 2008

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Have you ever noticed that some people are like human money magnets? No matter what they do, wealth just seems to “stick” to them.nnTake Donald Trump for example… he approaches making money like it’s a game. This is the guy who built up a personal fortune of MILLIONS and MILLIONS of dollars… nThen he decided to launch his most ambitious project yet… the ultra expensive, ultra posh Trump Casino in Atlantic City. I heard a rumor that this venture was so expensive that the mortgage payments worked out to several $1,000 per SECOND! Insane…nnBefore long, Trump’s creditors came knocking, forcing Trump into near bankruptcy. He almost lost everything and owed MILLIONS of dollars… But my point is this – Trump didn’t let this stop him. nnHe had the mindset that money is something that simply sticks to him… and he was confident that whatever he had lost, he could make back 10 times over. And he did!nTrump is a human money magnet not because he’s smarter than you, or better educated than you… he’s a self-made multi-millionaire because he has the empowering mentality that money sticks to him wherever he goes and whatever he does. So what’s YOUR money mentality? Do you attract wealth or drive it away?nnSome people spend most of their time thinking about what they can’t do or what won’t work. Some people, perhaps a Rich Idiot like you, think about how they can do something. In my early years of investing, most people told me couldn’t buy a property or own my first duplex (my Rich Idiot beginnings were in real estate) because I had no credit. Instead of listening to them, I found a cosigner who had great credit to partner with. I found the deals and my cosigner signed the loans with me so I could borrow the money I needed. What a winning team!n nWord of caution here: Make sure you’ve found a really good deal (take your time and crunch those numbers) before you commit your credit or especially someone else’s credit to a real estate deal.n nNow cast your mind back to those moments in your own life–and you have them, I know you do–when you accomplished something that people told you you never would, or never could. Remember that feeling? Want to feel that way again? Then stop thinking can’t and start thinking how.n

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