Your Most Valuable Asset
What is the one thing that a poor person wakes up with, that a rich person wakes up with also?
The answer to the above question is TIME. Time is the asset you can not replace! It is the most valuable asset we have, however it is the asset we waste the most. Think for a moment about all things you believe to be your assets…your house, car, clothes, money, etc. Can they be replaced? Yes! You can earn more money to replace them all; however you can not replace the time you have wasted.
It is Dr. Bill Quain who drives the point of Time being your Asset home in his book Overcoming Time Poverty. When my mentor gave me the book Overcoming Time Poverty and we discussed what was in the book, along with him giving me examples in my everyday life. It became clearer that time is an asset. With an asset you respect it, you are mindful of it, you take care of it and you love it. Just think about something you believe that is an asset of yours. Don’t tell me you didn’t love your first car. Do you remember how you treated it? Time is no different! It is your asset and you need to protect it.
Let’s go back to the opening question and see how things are done differently in the rich person’s life than in the poor person’s life. When a rich person wakes up, he evaluates his time. He has learned how to work smarter and not harder, so at the end of the day he is able to have dinner with his family. He has learned to change his thought life for the better, which in turn put more value on his asset…Time. When a poor person wakes up his mind is on “Got to make the donuts.” Remember the old commercial for Dunkin Donuts and how the baker couldn’t think about anything, but making donuts and that is how a poor person thinks. A poor person works harder instead of smarter. He runs after money while leaving everything at the waist side and never home for dinner. His thought life is stuck in one gear, with no hope for growth.
I define a rich person as a whole person. Whole like a pie. Imagine a pie with six slices; each slice represents an area in ones life. For example the slices of the pie may include the following: family, finances, spiritual, career, health, dreams, etc. There is a balance, which helps them not to lack in any area of their life. A rich (whole) person doesn’t think about their past state or even their present state, they are focused on the place they want to be. They have dreams, goals, plans and they are always working toward the future. They learn from their mistakes and used them as lessons and road maps of where not to go or how to do things better the next time around. A rich (whole) person has a positive mind set. They give themselves permission to succeed.
I define a poor person as one who is lacking in one or more areas in their life and allows that area to rule all the other areas. It takes you one time to think negativity in one area to knock things out of balance. A poor person doesn’t see the good in anything nor do they learn from their mistakes or situation. They think the world owes them something. They let people’s thoughts about them govern their life. They believe everything is out of reach and they won’t give themselves permission to succeed.
James Allen defined the thinking of a poor person and rich person best in his book “As A Man Thinketh” When he stated “A man is always the master, even in his weaker and most abandoned state; but in his weakness and degradation his foolish master who misgoverns his ‘household’. When he begins to reflect upon his condition, and to search diligently for the Law upon which his being is established, he then becomes the wise master, directing his energies with intelligence, and fashioning his thoughts fruitful issues. “
Being a rich person or a poor person truly has to do with your state of mind, your thought life, and nothing to do with money. I can say it enough that your thinking will affect every slice of your pie (area of life) knocking everything out of balance and in turn waste your time.
How have you treated your asset…TIME? How is your thought life at this moment? Do you think like the rich or the poor? Visit www.KimMSudderth.com for more information.
The answer to the above question is TIME. Time is the asset you can not replace! It is the most valuable asset we have, however it is the asset we waste the most. Think for a moment about all things you believe to be your assets…your house, car, clothes, money, etc. Can they be replaced? Yes! You can earn more money to replace them all; however you can not replace the time you have wasted.
It is Dr. Bill Quain who drives the point of Time being your Asset home in his book Overcoming Time Poverty. When my mentor gave me the book Overcoming Time Poverty and we discussed what was in the book, along with him giving me examples in my everyday life. It became clearer that time is an asset. With an asset you respect it, you are mindful of it, you take care of it and you love it. Just think about something you believe that is an asset of yours. Don’t tell me you didn’t love your first car. Do you remember how you treated it? Time is no different! It is your asset and you need to protect it.
Let’s go back to the opening question and see how things are done differently in the rich person’s life than in the poor person’s life. When a rich person wakes up, he evaluates his time. He has learned how to work smarter and not harder, so at the end of the day he is able to have dinner with his family. He has learned to change his thought life for the better, which in turn put more value on his asset…Time. When a poor person wakes up his mind is on “Got to make the donuts.” Remember the old commercial for Dunkin Donuts and how the baker couldn’t think about anything, but making donuts and that is how a poor person thinks. A poor person works harder instead of smarter. He runs after money while leaving everything at the waist side and never home for dinner. His thought life is stuck in one gear, with no hope for growth.
I define a rich person as a whole person. Whole like a pie. Imagine a pie with six slices; each slice represents an area in ones life. For example the slices of the pie may include the following: family, finances, spiritual, career, health, dreams, etc. There is a balance, which helps them not to lack in any area of their life. A rich (whole) person doesn’t think about their past state or even their present state, they are focused on the place they want to be. They have dreams, goals, plans and they are always working toward the future. They learn from their mistakes and used them as lessons and road maps of where not to go or how to do things better the next time around. A rich (whole) person has a positive mind set. They give themselves permission to succeed.
I define a poor person as one who is lacking in one or more areas in their life and allows that area to rule all the other areas. It takes you one time to think negativity in one area to knock things out of balance. A poor person doesn’t see the good in anything nor do they learn from their mistakes or situation. They think the world owes them something. They let people’s thoughts about them govern their life. They believe everything is out of reach and they won’t give themselves permission to succeed.
James Allen defined the thinking of a poor person and rich person best in his book “As A Man Thinketh” When he stated “A man is always the master, even in his weaker and most abandoned state; but in his weakness and degradation his foolish master who misgoverns his ‘household’. When he begins to reflect upon his condition, and to search diligently for the Law upon which his being is established, he then becomes the wise master, directing his energies with intelligence, and fashioning his thoughts fruitful issues. “
Being a rich person or a poor person truly has to do with your state of mind, your thought life, and nothing to do with money. I can say it enough that your thinking will affect every slice of your pie (area of life) knocking everything out of balance and in turn waste your time.
How have you treated your asset…TIME? How is your thought life at this moment? Do you think like the rich or the poor? Visit www.KimMSudderth.com for more information.
Posted by KimMSudderth at 10/30/2009 3:34 PM 
Categories: Though Life, Poor Mindset, Time, Rich Mindset
Tags: poor Bill Quain James Allen Overcoming Time Poverty family assest rich health finances Dunkin Donuts time
Categories: Though Life, Poor Mindset, Time, Rich Mindset
Tags: poor Bill Quain James Allen Overcoming Time Poverty family assest rich health finances Dunkin Donuts time
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