Have you noticed that people seem to be broke for generations? Grandparents bring up their children to have certain out look on money, and they in tern pass on the same ideas to their children and so on and so forth. The same seems to be happening with people who do extremely well with money. They stay wealthy for generations. Why is that? What is that factor that keeps us poor or wealthy? Can we influence or change it?



I believe that the answer is yes. Not only we can change our money fate, but we can also change it for our children and their children.

Imagine a following situation. You grow up poor, but something changes and in the midst of your life and you become very wealthy. Knowing your past, you treat that money with great respect and teach your children to do the same. That legacy stays with your family for generations.

The question remains - what do we have to change in order for us to change our money "fate"?

One of the biggest things we are going to have to change about our selves is how we view money. If our attitude about money is negative (i.e. we look at it as a "necessary evil", something that is against our nature but a must if we want to survive in this life) what do you think are chances of you being fantastically wealthy? This kind of attitude will give us exactly what we deserve - we will be able to survive on a bare minimum all our life.

As a matter a fact how you view money will in large dictate you financial situation, giving you a sort of a blueprint your life follows, financially speaking. For example an attitude of lack (a constant financial shortcoming) will effectively keep you struggling for as long as you think of it as a reality. In fact it is a self fulfilling prophecy. Because you think that money is a struggle, it de-motivates you not to try to bring your self to find ways to improve your situation. So the first step is to change your attitude about finances - learn to respect and honor money.

Next we must learn how to make more of it. The truth is that there is no magic that will give us the riches we desire. Short of winning the lottery, our chances of all of a suddenly becoming wealthy are very slim. So in order to realistically improve our money situation we must first learn about making money from someone who's done it. After all it is only logical that we go to school in order to learn a profession, why wouldn't we do the same to learn how to make money.

There are plenty of ways to help you become wealthy - be it starting your own business or learning how to invest. All of these wealth generating methods have a steep learning curve and aren't easy to master. As a matter a fact you will probably fail the first three or four times. However with perseverance you will be successful. The only way you can really fail at it, is if you will stop trying.

Next step should in my opinion be combined with previous. Money management will be a key to your long term success. Have you heard of lottery winners who after winning millions, go broke within a few years? The only reason that happens is lack of money management knowledge. So in order for you to be able to keep your new found fortune, you must learn how to manage you money.

These tips might seem very common sense to you, and they are. The important thing is that they work. There are countless examples of people going from rags to riches. Every single one of those people followed some version of a plan I described above.