The Millionaire Mind and Science of Getting Rich
Kevin Hogan
Page 2
Responsibility
I was playing blackjack last month at the Venetian and the table was, unfortunately, "cold." The cards were favoring the house in a dramatic way. As so often happens, a player got up, yelled at the dealer as if the dealer had anything to do with the losing streak, and stomped away.
The fact is, the dealer, the cut, position at the table, NOTHING significantly effects the cards you are given beyond random chance. They are all face down and even if someone makes a bad decision and "it costs you" money, the fact is that, over one million hands, it makes no difference what the guy before or after you does. That's hard to swallow because blaming someone takes the responsibility away from SELF.
Responsibility means that when you don't make money, you only have one place to accept responsibility (which is not blame by the way) and that is in your SELF. The sole initial cause of the person's demise was their willingness to sit down at the table in the first place. That could also be the initial cause of victory but the wealthy person accepts responsibility for success and failure.
When someone says, "The pension fund went bankrupt", the initial cause of responsibility is not with the company that cheated the person out of their money or mismanaged it, but the individual's illusion that someone other than them SELF should be responsible for their life and livelihood. It's really simple math but people don't want to think about it.
You can't get paid money when there is no productivity to return for the money, or the "system" will go broke.
My fourth-grader can show anyone how this works but that's because I taught him that you need to have money in the account to take out. With pensions, it's not there and ultimately, not just an individual, but a generation will have been sold down the river....I've never heard a wealthy person talk about "collecting" social security or a pension. Wealthy people want or demand to be responsible, at cause, for their income, passive income, wealth and legacy.
A Core Philosopy
(I get to thinking about Alabama, I think about Church...ah well...)
Jesus put it best (as he often did). "To he who has much, much will be given. To he who has little, it shall be taken from." Jesus was a pretty wise man, and in my experience people who are responsible (at cause) are given more responsibility and entrusted with more ...far more than those who are not responsible (at cause).
Later Jesus also tells the story of the talents. (Talents were coins) To one man he gave 5 talents. To another 3; another 1. The first man doubled his money and Jesus applauded him for his work. The second man, given less (nothing is fair or equitable in life) also doubled his money. The third man given one, came back to Jesus with just the one talent, afraid that Jesus would be angry if he lost it. Jesus not only became angry but called the man "wicked and slothful," for burying it in the ground. The man did NOTHING with the money Jesus gave him. There was no pension in Jesus mind. Only personal responsibility and action.
These two stories from the Bible are the core of my philosophy in wealth building. People who do not find these stories in their belief structure are very likely to fail like the wicked and slothful servant.
Beyond a certain point, the more you give to a person, the less they can do for them SELF.
If you don't teach your kids how to cook, they will eat pizza and burgers for the rest of their lives. Teach them how to cook and they will eat well and look good for a long time. Self responsibility is a crucial differentiating factor in wealth and barely squeaking by.
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Kevin Hogan
Network 3000 Publishing
3432 Denmark #108
Eagan, MN 55123
(612) 616-0732
