If we look at the first cause of poverty, which is basically a want of wealth without effort—better known as a wish—we can correctly guess that the first step towards building wealth is desire.
Napoleon Hill describes this type of desire as a burning desire. What is that? Something you cannot live without. Something you would rather die trying to attain than to live without. Now that sounds intimidating doesn't it? The burning desire is what will sustain you and allow you to grow inside when you encounter failure after failure. The desire will cause you to examine yourself and ask, what could you do better, so that next time you encounter a similar situation, you will succeed?
In this process you'll realize that all success is built on failure, and that is the way you learn. When you fail, you'll be forced to plan out your next moves so that you can apply what you've learned. A burning desire prevents you from making excuses for your failures. You also realize that you don't want a handout. Your independence is vital, because if you are given $10 million and you lose it, you are left with nothing. But if you learn to make $10 million and you lose it, could you make it again? Of course.
So we realize that anyone can make a lot of money or build wealth but not everyone can multiply it. There are, however, some benefits of applying the principles of building wealth, even if one's goal is not to pursue making a lot of money.
I'd like to end with the story of an old widow who lived in Texas at the turn of the 19th century. She owned a 1000 acre farm that had been in her family for many years, and several times people had come by to search for oil, but with no luck. Then, in 1930, a geologist and oil prospector approached her and asked permission to search the land for oil by drilling wells, promising royalties for any finds. She said the property had already been searched and there was nothing to be found, but agreed to lease her land and allow some wells to be drilled. On the third attempt, oil pressure in the field below was so great it blew up the oil derrick, and the pair discovered the largest oil field in the world at that time. The widow became an instant millionaire. The question is, when was she rich? Her family had owned the farm for a long time, but she did not have money then. The answer is, she was always rich. She just needed the resources to tap into her wealth.
You are already rich. You were endowed this way by your creator. Use your resources and tap into the wealth that's waiting for you to unearth it.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins