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How to create wealth without financial capital

Creating wealth takes more than financial capital. You also need the mental capital and relationship capital.

20.11.2019

Creating wealth takes more than financial capital. You also need the mental capital and relationship capital. FMTNews

Creating wealth takes more than financial capital. You also need the mental capital and relationship capital.

The poor think that they need a lot of cash to make tonnes of money. And winning the lottery is the ticket out of poverty.

If you need thousands to make hundreds, millions to make thousands, billions to make millions, then how come the richest people on earth today can do it in such a short time? Of course, you need financial capital to generate income, but that’s not the only ingredient.

Sometimes you may have enough funds to set up a cafe and run it for many months. But you may lack the mental capability or the know-how of operating a profitable restaurant.

Later, it was learnt that what he lacked was not mental capital, but relationship capital.

Creating wealth takes more than financial capital. You also need mental capital and relationship capital. Most times, your money problems are due to the lack of the latter.

What would happen if you stopped giving excuses, and took charge? Recognise the fact that a lack of financial means doesn’t hinder your path to accumulating wealth.

, angel investors, venture capitalists, bank loans, equity funding, and more.

When you want to venture into a specific field, read the top five bestselling books on that topic. Study how successful people did it. Find your mentor in the area. Can you

In relationship building, you need remarkable social skills. And those skills are learnable, not just “inherited”. Can you provide value to the people who can help you? Give them something first before asking for any return.

Read more: Free Malaysia Today

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