What is one of the most expensive items in the world? Graff Diamonds Hallucination watch cost 55 million dollars. Yet you are more expensive than that. You are a 3.6 billion year creation. Our challenge is how do we make our value more fluid? So that you can transact with it and have more cash rather than untapped value.

A principle that can support you to do this?

Gold cometh gladly and in increasing quantity to any man who will put by not less than one-tenth of his earnings to create an estate for his future and that of his family.

Simply put this is the 10% rule. That will support you to build a wealthy mindset and actually start making money.

The 10% effect

The first 10% will give birth to the second 10% which will then give birth to the third 10%. By the time you realize it, you would probably have saved out 10% in about 100 financial transactions. This happens as you change your relationship with money the moment you start doing it.

Money saved has a different energetic effect. It feels like doing something responsible. It’s money for the purposes of your hopes and dreams. Watching it grow feels you with enthusiasm. It promotes you to keep going. The % growth in subsequent savings makes you more eager to make money.

When I started doing this, I was someone with a very poor savings culture. Never saved money in my life. Within a month though of practicing it, I moved from saving 80 Kenya Shillings to having a cumulative amount of 517 Kenya Shillings. This might seem a small amount but for someone with no regular source of income that is really impressive growth. All those savings came from 10% saved from my transport fee to do different errands.

The money had grown by about 6 times in 30 days. Having an unmatched growth rate of 21.54% a day. Double the rate banks offer. What other mindsets did the 10% bring?

I started seeing any money I spent on services us paying other people. As a result whenever I received money I stopped myself from:

Then moved into thinking about every shilling I received, as how could I pay myself first? Before I boarded a bus I took away 10% of the transport. Very much determined to ensure that my 10% kept growing. The more times I kept myself first the easier it became to do it. All of a sudden I had a lot more money than before.

This money would come from me relishing to save. There was this one time I went out with friends and I was happy to have spent the least on food. A crazy change in mindset. Before I would have been miserable that I could not afford what I wanted. I would have felt that everyone else is living a better life than me. However, with the 10% principle in mind, that stopped being the case.

To me, I was eating the most important thing on that table. I was eating the cheapest meal with a condiment of 10% money saved for my future. I had never been this satisfied with a meal. The meal meant more to me than just food I could eat.

As the money grows, you will only spend it on investment. Remember with the 10% rule you are paying yourself while accruing growth. Hence the only question you should ask yourself when you are putting the money to use is, “ Will the money grow?” A great question to ask, as it focuses on the objective of keeping the 10%.

The 10% rule will move you from thinking about being wealthy to thinking about growing your wealth. Thinking about being wealthy is a stagnant affair. All your money is imaginary. Growing your wealth on the other hand will make you start seeing that you have all the money you need to get to where you want. Every coin you grow will make you feel wealthy. You will be concerned about doing the right things more than having the right amount. Which will counter-intuitively get you to the right amounts.

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