The poorer get poorer and the rich get richer
Armstrong Williams | 9/7/2011, 2:51 p.m.
Now that sounds intimidating doesn't it? A burning desire is what will sustain you and allow you to grow inside when you encounter failure after failure. The desire will cause you to examine yourself and ask what you could do better, how you could have done something better so that next time you encounter a similar situation, you will succeed. In this process, you'll realize that all success is built on failure, and that is the way you learn.
When you fail, you'll be forced to plan out your next move so that you can apply what you've learned. A burning desire prevents you from making excuses for your failures. You also realize that you don't want a handout. Your independence is vital, because if you are given $10 million and you lose it, you are left with nothing, but if you learn to make $10 million and you lose it, could you make it again? Of course.
We realize that anyone can make a lot of money or build wealth, but not everyone can multiply it. But there are some benefits of applying the principles of building wealth, even if one's goal is not to pursue making a lot of money.
I'd like to end with the story of an old widow who lived in Texas at the turn of the 19th century. She owned a 1,000-acre farm that had been in her family for many years, and several times people had come by to search for oil but with no luck. Then, in 1930, a geologist and oil prospector approached her and asked permission to search the land for oil by drilling wells, promising royalties for any finds.
She said the property had already been searched and there was nothing to be found, but agreed to lease her land and allow some wells to be drilled. On the third attempt, oil pressure in the field below was so great it blew up the oil derrick, and the pair discovered the largest oil field in the world at that time. The widow became an instant millionaire.
The question is, when was she rich? Her family had owned the farm for a long time, but she did not have money then. The answer is, she was always rich. She just needed the resources to tap into her wealth.
You are already rich. You were endowed this way by your creator. Use your resources and tap into the wealth that's waiting for you to unearth it.
Armstrong Williams content can be found on RightSideWire.com. He is also the author of the new book "Reawakening Virtues." Listen to him daily on Sirius Power 128, 7-8 p.m. and 4-5 a.m., Monday through Friday. Become a fan on Facebook at www.facebook.com/arightside and follow him on Twitter at www.twitter.com/arightside.