HOW THE RICH LOOK AT PROBLEMS
Problems mean different things to different people. The rich see problems as opportunities to be grabbed. When they see problems, they see the money. They run to problems. And by solving these problems, they increase their wealth.
Since only a few individuals go out to solve the problems during the times of crisis, they will be the only ones to increase in wealth. That’s why it seems that their money goes in the opposite direction to what the economy is saying. When the economy is down, they increase in wealth.
Take for example there is a scarcity of food in your country at the moment. Because of the scarcity, food prices will go up, which means everybody will spend more to be able to buy food stuff from the market, due to the increase in demand and low supply.
Now, imagine someone comes up with a way to solve this problem of scarcity of food. The person comes up with a way to mechanize production of food crops and makes food available to a larger group of people during this period. In essence, everybody goes to that person to buy food at a higher price. Now tell me, who will get rich during this time? Is it the people that complain about the scarcity of food or the person that solves the problem?
Definitely, the man who mechanizes food production will become rich. It is as simple as that. The same problem of food scarcity is experienced by everybody but within the same society, this problem was interpreted differently. While someone sought for the best way to solve this problem, the others did nothing.
“Well, if it can be thought, it can be done, a problem can be overcome.” -E. A. Bucchianeri
The man who mechanized the food production actually overcame the problem and became richer through the same problem that made others cry and groan. This is the secret of getting richer in times of crisis and in places where there are a lot of problems. As this week goes on I will give you more practical examples as I unveil this secret to you.
The Rich Make Money Out of Problems
Let me also paint a similar picture for you in Africa. This is because while the media and everyone are painting Africa as a continent with so many problems, some individuals are still increasing in wealth in the same economy.
The Guardian’s Africa wealth report 2015: rich get richer even as poverty and inequality deepen shows that the number of millionaires in Africa has more than doubled since the year 2000.
Africa is now home to more than 160,000 people with personal fortunes worth in excess of $1m (£642,000), a twofold increase in the number of wealthy individuals since the turn of the century that highlights the problem of deepening inequality as some of the world’s poorest nations register strong economic growth.
The combined wealth holdings of high-net-worth individuals – those with net assets of $1m or more – in Africa totaled $660 billion at the end of 2014, according to a report by New World Wealth, a South African market research firm.
Meanwhile, the number of poor people in Africa – defined as those living on less than $1.25 a day – increased from 411.3 million in 2010 to 415.8 million in 2011, World Bank data shows.
By 2024, the number of African millionaires is expected to rise 45%, to approximately 234,000, according to the report.
During the past 14 years, the number of high-net-worth individuals in Africa has grown by 145%. The rate for the Middle East over the same period was 136%, while in Latin America it was 278%. The global average was 73%.
To the wise and people of understanding, they know that problem is their shortcut to wealth. The wise don’t complain about problems, they make money out of problems. They turn people’s problem to their enterprise. They’ve come to realize that where there is a problem there is money.
To be continued Tomorrow, don’t miss it.
Excerpts from the Book “Wherever There Is Problem There Is Money”. #DSABOOKS
This book can be found on dsabooksplanet.com and Amazon.com
FOR THE LOVE OF GOD, CHURCH AND NATION
By Pastor Sunday Adelaja.
