Above: screen shot image of one of the training modules in Adam Taha's university.As I build the online university, I remembered a moment in the past and to lead this moment, the question is this:
"What does mindset mean?"
You will hear talk about being positive, associating with the right people, to build longterm. These does not hold practical answers that people need to apply in their life and business today.
It's close but that's just books talking not the real deal.
They'll also say, "to be clear what you want to achieve and write goals down."
And no matter what you do, after applying these - you feeling something is terribly wrong. You feel you're missing something.
You're gut feeling is right and here's why.
These answers are only 2%-5% of what mindset is and the other part, the 95% is the practical steps to financial freedom is missing. It can be very frustrating if you don't know the whole truth.
Here's what I mean and you might relate to what I'm saying here..
The Secret Of The Rich And Wealthy Is Based On Common Sense
Something was wrong. My life was in choas even when I didn't know it. There were times I worked seven days a week and still, there was more outgoing than incoming.
It was a life of autopilot. Not the generating leads kind of autopilot. It was an autopilot that will lead to disasterous consequences.
Consequences that will get me to become a slave to not knowing enough and being in jobs I hated, working with people that were unbearable to work with and doing assignments that were ranging from thousands to millions, and the boss got the credit.
The boss, the managers, the education institutions, business centres, the lot of them.
But, it was all my fault.
One day, I wondered how the wealthy do it. That thought got me to chase knowledge for 25 years without mercy.
Letting nothing get in the way, not friend, no foe, not debt collectors, not respossession of our home. Nothing.
Do You Know The Rules Of The Game?
The moment I sat with a millionnaire, and asked, was the moment it hit me hard. He asked me these questions..
1. What's your financial statement for your personal expenses.
I didn't know.
2. What's the law and seven rules of taxes?
I didn't know.
3. Whats the ABC of acountancy?
I didn't know.
4. What's the difference between cashflow, asset and liability?
I didn't know.
5. Are you stupid son because you're doing what the 95% broke people do? You cannot succeed without financial literacy. You cannot help people if you can't help yourself. It's a must in life and business. It's a game, and if you don't know the rules of the game, you've lost already. It's time to win, don't you think?
He was right. It hurt. It really hurt because it was the truth. I didn't know the answers to these questions. Answers that could have saved me a lot of money and made me money back then.
He added..
"You want to succeed in making money but you don't know how the economy work? We, myself and my wife teach our daughters and our son, from an early age to be financially literate and you think yoou can win with the knowledge from the 95%?"
This happened, in 2002.
It was then, I realised, mindset was not what was taught in the many books I've read or the seminars I've been too.
It also revealed to me my life, the truth of the mess but the good news too - in knowing what to do and what clean up.
Here's what Mindset Is
I am so glad, yes, glad, that my blog here, is not getting easy buck, people who look for someone famous to learn from.
That way, the serious ones are reading this blog post and many will get hit hard, when the university I've built is to launch. I've spent thousands in knowledge to build it.
Mindset is also about financial literacy. If I asked many home business owners..
"Do you know the pillars and fundementals of Tax?"
They won't know.
Above: screen shot image of Adam Taha university Faq pageMindset is also knowing how to sit down, and write your financial statement. Your financial statement is a simple system.
It can be done on Excel or in a well organised book. It must reveal:
- All Your Personal Expenses.
The taking out meals, resturants. Everything friend that is personal not business.
This is what 95% do not do and it's a simple mistake to make because we as children were not taught this. We didn't see our parents sit down and do this except when paying bills.
Also, it's not taught in schools and colleges. We were shaped, ready like lambs for the slaughter, and work our hearts out, and thrown like an old computer.
Worn out, used by the corporate world and slave mentality and yet, we can win when we learn to answer these questions...
"Have you done your financial statement? Do you know your outgoings? Do you know where your money is going and why?
Do you know you can get reductions if you knew this Tax law and that one too. You can beat the system with knowlege. Rid the fear with knowledge of the unknown.
Did you know, you can set the Inland Revenue packing and kicked out of the backdoor if you knew this loophole?
Above: screen shot image of Adam Taha free training page.In doing this, I've saved hundreds to thousands of pounds.
I've even cut suppliers off and used those who pay me to use my electric, gas, telephone, internet broadband and mobile phones.
It's my money and I'm stupid to spend it on companies who do not pay me back too. They getting rich of our back, so why not get a cut.
Why not be financially literate and have the mindset of the rich and wealthy?
Here's where most will fail in business
Their home team isn't right. The finances and the knowledge is in shambles. It's an autopilot life and this reflects right back on how they run their business.
If the home team, our personal outgoing, incoming, and all the habits that gets us to easily spend money out of a whim desire is not crushed - do you think we'd ever make it in business?
If the financial statement which reveals how much we are really worth right now, isn't known, and we haven't organised our paper work, reciepts and got the home in order - do you think we'll have order in our home business?
That's...Mindset and not the hokus, pokus I read in forums or articles.
The Secret Of The Rich
Mindset is knowing the A-Z of accountancy. It's knowing the seven rules of investing. It's knowing what type of business structures there are and which works for you.
It's to know how the economy works and how it affects us all.
It's the knowledge the Rich and Wealthy know.
It's knowing how to control your cashflow and understanding this fundemental law...
It's not about how much you make that counts, but how much you keep.
This my friends is Mindset.
You want talk about generating leads?
One question..
Have you got your financial statement done, showing me your incoming, and outgoing, the expenses, the lot because this will reveal to me one thing..
1. Your level of mindset.
If not, please be assured, I won't be giving advise on phone on how to generate leads because when this is in a mess, you can forget running a business. Period.
It will just distract the business owner even more and it'll be a vicious circle because these skills not only provide financial literacy but it also raises our value, confidence, self image and gives clarity.
We have to get this right first - the Mindset.
The right way.
Adam Taha



