Definition of rich is literally and simply that of do you work for the money or does the money work for you. Being rich isn’t defined by the amount of money you have, but by the way that you are using the money what you have. In the way you think about the money is the way you use the money.

Being rich is mindset and behavior of money use.

Rich people do not work for the money, they make money work for them.

To make money work for you, you have to recognize few essential terms. First there is income, which is all the money that is coming in. Then there are expenses, which are all the money that are going out of your pocket.

Next two are a little bit more difficult: assets are all the things you own that bring you income (after expenses). Liabilities are all the things that cost you money time and time again.

Essentially becoming rich is about acquiring assets and getting rid of liabilities. Once you have enough assets you have regular income, which is called cash flow. When you have sufficient amount of cash flow per month, let’s say 2000 € and your liabilities are at zero you are pretty well covered.

In order to get and create assets your greatest asset is your mind. Invest in yourself and your learning.

“Study hard so you can find a good company to buy.” – Robert Kiyosaki, Rich Dad Poor Dad

I might add work and study hard in order to find or create a good company to buy.

What ever you are doing in your life, do it to learn more. Do not let the money entice you, remember who is the master and who is the servant. Money is your servant and you are the master. Therefore always work to learn.

Always speak kindly of the money as well. Money will come to those who will speak kindly of it. Who would like to work for a bad master?

As you learn all the time quicker and quicker. You’ll learn creative ways to create more money out of nothing. This is where all your learning is aimed at.

At first you’ve little or nothing and you are not asking for any money. You are not asking for any money, because you are not the servant of money. You are the master of money who is learning the ways of the money. The more you learn the ways of the money, the more you’ll make the money work for you. The more you master money, the more opportunities will come to your way.

Remember: be the master of money. To master money, you’ll need to learn, learn and learn. Learn everything about the money and speak kindly of it. Perhaps some money will come to your way and you will be grateful for it. For now you know, it will work for you as long as you’ll remember to take good care of it.

Why We Desire for End Result?


End results are enticing. A lot of money, girlfriend, beauty, winning… Why is it we are trapped by the end results even though nothing is end results, nothing is permanent.

If nothing is permanent, wouldn’t we be better of preparing ourselves for the inevitable? Preparing both mentally and physically. As Seneca put it “luck is what happens when preparation meets opportunity.”

Therefore if luck is created through preparation for the ability, wouldn’t we better of getting better at something meaningful.

“Give a man a fish, and you feed him for a day. Teach a man to fish, and you feed him for a lifetime.” – Anne Isabella Thackeray Ritchie Mrs. Dymond (1885)

Fishing metaphor might, or might not be accurate – who knows. However, when it comes to getting an end result versus learning the skill, the proverb hits a spot. Would we rather have a relationship or skills to build great relationships? Would we rather have money than ability to create all the wealth we need? Would we rather have a trophy or the habits of a champion?

Stop desiring and obsessing over end results. Instead focus on building your skills to become better at what brings those desired end results.

First Priorities Should Come as First Action


Your actions reflect your true priorities.

If you sleep a long time, nap a few times and then rush to work, then your most important priority comes from working for others in exchange of your time.

If you were working for yourself, you would do your own creative work first and then work for others.

Same goes with the money that comes to you and you spend. If you start spending to the fun things first, then your serious savings and investments will not grow. People with rich mindset pay themselves first, always.

What do you consider to be most important priorities? Do they really happen?

I realized that in my life they do not. Certainly on many mornings I do jog and exercise, even read and listen some books during my commute. Yet for writing I haven’t had the time.

And the haven’t had the time is just an excuse, I haven’t made the time. And why I haven’t made the time? I had an argument that “I cannot write in the morning because my mind doesn’t have any ideas to work on in the morning” – yet this is so weak argument. I’ve a lots of ideas, it’s merely about effort to dig those up or about preparation to make sure in the previous evening to sure have everything at hand for writing.

Try listening to yourself and write those arguments down. Often the things that keep us from doing things are rather silly.

First priorities should be done first.

Synthesis from Science of Money and Some Other Books


So I just finished Science of Money by Brian Tracy and I was thinking to write summary. However, just writing a summary isn’t right, because there are so many interesting things from other sources as well which I thought to throw in the mix.

Science of Money gets a big recommendation from me, if you are interested about money. On the measure of how much Kindle highlights I’ve made, this was a great book with a lots of learning as I exceeded the 10% with over five percentage points. The fact that I cannot even highlight and remember everything, is a very good sign that if you are interested, get the book.

Book starts by verbalizing what I have been thinking and experiencing a in my professional life: “Money remains one of the most thought – provoking , emotional , and polarizing subjects in the world.”

Whenever we start to talk about money with people we do not know well, it is a topic that does easily cause strong emotions and polarizes. Conversations can end or light up quickly.

What is money? Money is medium of exchange, the medium to exchange value. Things themselves do not have any value, only when there is someone to pay.

As Yuval Noah Harari put in Sapiens “money is the most universal and most efficient system of mutual trust ever devised.” Money is medium of exchange, and it’s based on trust and belief that you can exchange it tomorrow too.

More important than money, is however the value. And because we all exchange our services for something, we better be always looking to create more value. Because of this, Brian Tracy puts it well that everybody works on straight commission. To me this was a breakthrough thought that instantly connected with another thought from Daniel Pink’s book to Sell is Human: “selling is moving people”, therefore we are all in sales.  I think this thought by Brian Tracy is really interestingly combined with this thought and creates even greater thought:  we are all in sales with straight commission.

When we begin to internalize this, we start to think more about the value we create in the hours, days and weeks. Brian puts it well that wealthy people work for six days a week. They also keep on investing on themselves to keep on learning new valuable skills.

Earning ability, the skills is important. Even more important is the habit of saving money from what you earn, after that you can scale up.

Parkinson’s Law and How to Use It

More importantly Brian goes through most relevant laws that govern money and earning. They all important, yet in here I would like to focus on Parkinson’s law that says expenses rise to meet the income. Or “work expands so as to fill the time available for its completion.”

On contemplating this, I’ve successfully understood why Elon Musk for example divides his time into five minute chunks to get more done. Even bigger chunks such as 30 min or 45 minute will work. Setting a time limit for a task will make sure that it will get done.

Identity and limiting beliefs

Brian goes to length talk about limiting beliefs, self-doubt in particular that as he shares in one story, is the tool of the devil as the metaphor.

As a medicine for self-doubt he recommends the inverse paranoia (believing that world is conspiring to make you succeed) that was practiced for example by W . Clement Stone who was worth 800 million $ at the time he died.

Many of us live with kind of (socially programmed) level of self-worth in money and social as well. This is mostly unconscious, we inherit from our childhood and youth environment and strive for it. If we are below the level of our programmed level of living standard, we are willing to work harder. If we are above, we will find ways to spend and get rid of the money.

Changing your identity about money happens as with any habit: slowly and surely. As with getting anywhere, visualizing the success and using the imagination to be actually already there is the first step to achievement. This is the way for example soccer hero’s are born: young boys watching their childhood heroes on the field. Or for any pop star as well, it all starts with a dream – a visualization and then a long journey with many tiny steps towards that dream.

Money is not the end goal, as said, money is just a metric on how much value you are creating. However, be patient, learn, learn and learn. You will be surprised: this is a more probably road than winning a lottery.

“The most important principle of personal or business success is simply this; you become what you think about most of the time.” – Brian Tracy

Since all money just measures how much value is being created, the value creation is critical. All value is created from nothing. This makes life a wonderful adventure, because it means we there is no limit to the value we can create if we are imaginative.

If your work is profitable then it’s worth of your time and effort, a nature’s way of guiding us.


Work and Humility

“When you go to work, work. Put your head down and work.” – Brian Tracy

Brian gives about working and understanding that working is exchanging value and then value should be maximized. With the acknowledgement that we are all humans, I like this kind of thinking. When we work, the focus should be working and creating value for the customers. To create value for customers we need to be finding new ways to serve these people in customer organizations.

Then I might add a different point of view as well, that our focus as human beings is rather limited. There are no such things as 12 hour productive streaks. We need to stay focused and productive during our day, however in between there should be smart breaks, a bit of exercise, and why not some laughter as well.

Overall I really like the idea of recognizing when you should be focusing and working and when you should be having fun is a big difference and I like the humility here as an approach.

Cause and Effect

 “All wealth, all happiness, all prosperity, all success are the direct and indirect effects or results of specific causes or actions” – Brian Tracy

To conclude so much content, I would say that value creation, through work and imagination are the basis. One important thing is what is called secondary consequences. This thought really hit me, that I actually see think about this stuff! Most people think only about what happens next, primary consequence if you do this or that. However, there are also the secondary consequences which will happen eventually from other perspectives.

Whatever you want to achieve in life you can either achieve it by chance or doing something differently. Study the cause and effect, and think of the secondary consequences too.

Quick Personal Life Audit: Does Your Values and Actions Match?


I’ve noticed there are a lot of people who talk, then there are few people who do.

As in life, this is of course overgeneralization, because there are no absolutes in this sense. Even those who do and have the habit of doing, fail to do so every once in a while. Nobody is perfect.

Sometimes for a person who likes to talk it would be good to be more, doer and vice versa. Certainly. We all should focus to our strengths, and even as these strengths have weaknesses, we shouldn’t obsess over them. Nobody is or can be perfect.

What we can be, is a little better. And how does that happen? Through picking some values that we think are important and then putting those values into action (also known as virtues).

Two questions to know if you are living up to your values:

  • Where are you spending your time?
  • Where are you spending your money?

These two meters tell pretty quickly the story what kind of person you are.  With the time usage you can get really deep and complicated, i.e. what are you doing and what are you getting done during the time? However, in here just the basic glance over the calendar is enough to give some picture. Through honesty you will discover the rest.

With money it’s easier, because numbers tell the tale rather truthfully.

What you value is where your time and money should be!


How to Acquire Quality, Riches and Success


Qualities can be developed and acquired. One way is roleplay, which is essentially a way to fail fast and therefore a fast way to learn.

“If you want a quality, act as if you already had it.” – William James


Example 1: Being rich

First question would be, what is a rich person?

Common misperception is merely that there is a lot of money, luxuries etc. While this is correct observation it’s the surface. What makes a rich is in fact the ability to sustain certain lifestyle for infinite amount of time.

Mindset that makes allows you to sustain desired lifestyle for infinite amount of time has some preconditions. First you must understand that you’ve to have sources of income that produce income for you regardless of you working all the time or not.

Spending does not make you rich, investing to assets that produce you more do.

Don’t be fooled by the luxurious lifestyles, pay attention what is happening underneath.

Accept what you have and work from there. You too probably have access to at least one supercomputer class asset: your mind, otherwise you probably wouldn’t be reading this. Literally human mind has been the greatest asset for the humankind for very long time and for you it’s very accessible.

“There are no limitations to the mind except those that we acknowledge.” ― Napoleon Hill, Think and Grow Rich

Rich people do not work for the money, they invest in assets that produce money for them.  Therefore being rich is more of a mindset than any amount of wealth. Anyone who is putting effort to create and nurture asset has the potential to become rich. So adopt the mindset and start practicing and learning fast right away.


Example 2: Being successful

By definition success is the accomplishment of an aim or purpose, so one must first have internal aim or purpose which then can be achieved.

Misperception of success if often the attention of the big audience, i.e. when you get attention you are successful. However, if this is true then the success does not last very long time and this kind of success is rather unhealthy and addicting.

While the attention is the language of power and love, which we all in the end crave for, real success should be measured by the achievement of internal standards, the achievement of aims and purposes.

To achieve success by this definition again we need to change and learn something to produce different results. To achieve success in our aim or purpose we probably need to change what we are doing. If we do not, we have set the bar too low to begin with.

To succeed, again we need to learn. Learning is the acquisition of knowledge or skills through study, experience, or being taught.

Studying mind is necessary to challenge the status quo, what has been learned before and to test if it is indeed true. Often the big breakthroughs happen through a paradigm shift, a new understanding that can only happen with the mindset of a student.

However, a student would be fool, not to leverage the wisdom who have come before us. Over 108 billion people have lived before us, and some of them have accomplished feats that no-one has ever since managed or bothered to do. You can still access to some of these brilliant people through books.

In whatever effort you want to be successful in, study those who have already accomplished what you seek to do. Seek inspiration, guidance and mentorship. Measure your success against your own metrics, quit only when you are done.

There you go, a short introduction on what does it mean to achieve a certain quality in life. Discovering what it is you want, then living and breathing everything about it, seems to be the key. As long as you do not quit, you might succeed.

Like I said, failing is learning. If you try and fail that’s alright. If you do not try, then you are stuck.

“A dead thing can go with the stream, but only a living thing can go against it.” ― G.K. Chesterton, The Everlasting Man

Two Steps for Fulfilling Life


If you are not fulfilled: you can either do what you do and hope for the best, or you can learn and do things differently. Latter option is what I try to do, and often times I succeed. Doing things differently is challenging the status quo, coming up with new solutions, perspectives, ideas, visions, putting testing those and if they work, then it can be a success that can further be incrementally improved.

Needs versus desires

In my quest of life, I’ve noticed that it’s not even the desires. It’s not wants. It’s the needs. It’s what I need.

Through past eight years, I finally notice myself in a happy place: I’ve worked hard to be in a place with very few wants. My most consumed drink is water and I eat healthy: broccoli is my favorite, combined with all kinds of salads, nuts and other rather normal food. The more processed foods I avoid most of the time.

In comparison to 2009 Janne for example:

  • Caffeine I do not consume regularly, tea on occasion.
  • I rather avoid sweets than consume them: I simply do not have the habits for that. I simply don’t feel any cravings for sweets at all.
  • Alcohol I consume selectively and occasionally, most importantly in small and enjoyable doses.

Making the distinction between wants and needs

To identify desires and wants from needs, we need to do inner work. What do you need to live, depends what do you want to do in life. Most needs and wants can be absolutely separated if when we examine close enough.

This examination is essentially asking over and over again, do I really need this?

Most of the wants do not pass this examination at all. We just want what we have used to. This is the classic case of sandwich with too many toppings, even though just the bread would be fine. I first thought that I need sandwich with cheese, salad and ham on top of my sandwich, until I tried bread with just cheese and top, survived without while being happy. At first actually I didn’t feel happy or satisfied, only after a significant amount of time had passed I had got used to the new normal.

We need to identify what we really need, and what is good enough. Then what needs are being met, which are unmet.

Fulfilling the needs

If we do not have enough resources (time, money, etc.) to fulfill our discovered needs, or even existing needs, then we need to reallocate those resources.

In a basic way this has been what I’ve been doing for the past eight years, even though I haven’t been able to articulate that very well until now. I described earlier that I dropped the ham and salad from my sandwich some years ago. Without going to the discussion any more than this: this symbolically means I get to survive with less financial resources and allocate them to somewhere else.

We need to take one thing at a time. I usually eat two healthy warm meals a day. Although that number could be more, it’s very good compared to my past record. Same goes for the bread which I often have as a snack, although I’ve dropped them ham and even salad, well I still have salad sometimes because it is healthy, ham never, because I discovered I do eat enough protein in a day already and I don’t want to partake more than I have to the animal suffering.

We can only get better problems in this world. This is incremental improvement. When we adjust our life like this, and then allocate to the needs that matter the most, we begin move ahead.

Two steps for happier, more fulfilling and satisfying life:

  1. Discover your needs and prioritize them in a way that they create energy and capacity to your life.
  2. Allocate all your resources to fulfill and support your needs by cutting the wants.

These two steps are the magic that life happy and fulfilling over time. I.e. I’ve done the changes I described earlier past eight years. Remembering i.e. that it has been a year since I decided to consume tea as a habit every day, but rather save it for enjoyable occasions. Just thinking about it brings bliss no money can buy, and on occasion I actually enjoy tea it brings me to appreciate the cupful even more.

All good things happen through time and when we are talking about time, it’s good to do it as habits. You are the collection of your habits. So begin my analyzing your habits, and the way you could modify those habits to support your needs better.

If you want to read further about habits I can at least recommend: The Power of Habits by Charles Duhigg and The 7 Habits of Highly Effective People by Stephen Covey.

Have a nice Saturday!


Deep Priorities: Think Deeply Why You Do What You Do


Past week I’ve been deeply considering what I am doing and for what I am doing it. Organizing my priorities hasn’t never been so hard. I had to go through serious internal dialogue with myself to clarify why the order is this and not something else:

  1. Health
  2. Purpose (sustainable happiness)
  3. Close relationships
  4. Money
  5. Work

This has been some of the toughest thinking I’ve done, to determine is my purpose more important than the loved ones. Now I’ve reasoned with myself enough to say that, we have only one life and hopefully that is enough to fulfill that purpose. I think the loved ones are at times higher than ones own purpose, after all they are the ones who can pick up and carry on that purpose. However, when ever I can work towards my purpose, I should fulfill that task for the day and then after that one thing has been done I should serve the loved ones with all my heart.

After all, the meaning to life comes from purpose. So the order is a bit conditional on second and third, because sometimes third does serve the purpose better.

What is also new in this priority listing is that I finally realized that money has to be more important than work. Because money, existing money, hard earned money that is essentially the most valuable kind of money we have. We have to make that money work for us and spending time and energy to ensure that is way more important than actual work.

After all these things, comes work, the work to make all these first priorities work.  Some people succeed better at this than others. In particular those who put their purpose first and get paid for that. They can pretty much focus on the top three priorities.

Breaking Out of Financial Dependency


“The three most harmful addictions are heroin, carbohydrates, and a monthly salary.” ― Nassim Nicholas Taleb

Since I was a teenager I’ve thought out that the world of adults is kind of stupid loop: from caffeine dose to caffeine dose, from nicotine dose to nicotine dose… I too was wired, wired for sugar back then big time and I didn’t even see it.

What’s curious about addictions is that they do not even have to include substance, we get addiction can occur through our own hormonal system and often will. Examples are games, thrills or sports.

Well since then I’ve overcome quite a few “bad” habits and even so called addictions. It hasn’t been until more recently, maybe about a year ago that I started to think of the monthly salary as a form of addiction as well. Probably the idea I understood when I was reading Robert Kiyosaki’s Rich Dad Poor Dad.

Being dependent on monthly salary is a bad idea, bad habit, an addiction. It might be necessary for sometime, in the longer run it’s not viable option.

So how exactly it is possible? Well, don’t work for the money. It’s as easy as that mentality, yet what is difficult for many is the mentality of putting the money to work. That actually takes a lot of work, to find the opportunities for money to work.

Money May Mislead to Wrong Work


I like this simple topic, money does mislead us. Because money has become very universal belief, we can get many services and products with it. This universality makes money very convenient to have.

Yet the universality and usefulness of the money, also happens to mislead us from our purpose.

The question now is of course, what purpose?

The question of purpose we should answer ourselves. Our purpose is that in which we can do most “good” for whatever cause we think is important. The concept of good is of course difficult, but for the sake of simplification, let’s roll with that.

If our purpose is to do good, the sacrifices for money is necessary only until the point after which we can focus on that.

The problem here is that the money is bound to time. Investors know fully well that “dollar today is worth more than dollar tomorrow.”

More importantly why does this phenomenon occur is because, there are people actually assuming risk when they are borrowing money today for someone else, in order to get it back tomorrow with interest.

Risk, that there might not be money tomorrow. However, if there is you get the money back with interest.

Investing is what to do with the surplus. However, money is misleading when you start to think it as a purpose. Money is just an almost universal belief system which is necessary to meet the needs of many, until the end of their time, so they could be doing good things.

So in according to my idealistic theory, we need money only up until the point after which we can ensure that the basic needs will be taken care of.

Of course reality is much more complex than that. While perfection is too much to ask for, I think we should attempt to always combine, and align the purpose and money.

I think we can work for just purpose, but not for money, yet that may lead only to starvation of many. Unless we serve so fiercely like monks, that our bowls are filled, we probably fail to deliver so much value to the society around us.

Most of the time doing even a bit of work, and paying the taxes results to the wellbeing of many.

Work becomes misleading when just purpose or just work becomes polarized and we start to think that there is one without other. In this kind of scenario we may be working for the work we should not be working, we would be much better off for everyone to be doing something else, yet we keep doing it for mere financial compensation which we intend to exchange with something more meaningful, or worse spend it somewhere distracting ourselves from the problem.

Primarily work for purpose. Then make enough money, so that you can have infinite supply of money so you can focus on purpose for the rest of your life.