Every situation has a silver lining – discover a mindset that heals and enlightens.
August 19, 2021 · 7 min read
Expect the best. Prepare for the worst. Capitalize on what comes. - Zig Ziglar
Personal responsibility is one of the best traits to become wealthy. Personal responsible people have a good sense of value of money. Therefore, they can manage wealth better than those who don’t feel the same way.
Have you ever witnessed how your childhood friends were abundant with all life pleasurements that you wanted?
“They are lucky to be born in such family”.
No.
By thinking anything similarly to this, you will never be wealthy.
By taking personal responsibility to your own hands and implementing some hard work, you will become as wealthy as they were if not wealthier.
There are dozens of stories when people having nothing to eat in childhood become millionaires in their adulthood.
Yes, these parents are responsible for not being wealthy and for not providing their children at least to have a decent meal.
However, as these children get older, they can take personal responsibility into their own hands and create their fortune on their own.
Here we will reveal reasons why personal responsibility is your key to success and wealth.
What is personal responsibility?
Personal responsibility is a state when a person consciously understands that he is responsible for his every action in present and future.
If a person drives a car, writes a letter to someone, communicates with other people using his own words, that person is responsible for the outcomes.
In other words, no one than that person is responsible for his actions.
A responsible person always takes the blame for what he did wrong instead of taking the fault to the other person.
Why personal responsibility is important?
Personal responsibility is important because once a person fully consciously understands what personal responsibility is, he knows that his future is fully dependent on his actions.
Therefore, if he values his time, wants to feel financial freedom, then he takes appropriate actions to achieve it.
People who constantly blame external forces and circumstances are usually under-achievers and live mediocre at best.
I experienced myself during my childhood and university the lack of wealth. However, I didn’t blame anyone, my parents tried to give me everything they could afford.
In my university times, I inherited a cheap car and I lived in dorms with a total monthly budget of $280. You could imagine that after the end of the month I had absolutely nothing because I had to pay for my gas, dorm rent and food expenses.
Needless to say that a lot of other students had a way bigger budget while I had this one.
However, after finishing university, I live comfortably financial wise, because I took my life into my own hands.
Here we present why personal responsible people have an advantage in creating wealth over irresponsible people.
11 Reasons Why Personal Responsibility Is Key To Wealth
1. creating your own success path
No one will hold your hand in the path of your own success and wealth if you feel personal responsibility to achieve it by yourself.
Certainly, there is nothing wrong in having a mentor for your journey to wealth. However, a mentor is not the same as getting help from family.
Family is comfort and you are not afraid of anything most of the times being with your loved ones.
Hiring a mentor is your own independent decision and you should account it as your own achievement.
Nevertheless, if you decide to do everything on your own, that’s perfectly fine too. You will be able to set your footprints on the pathway to your wealth.
This will make you proud of your achievements because everything that you’ve achieved is on your own.
2. Personal responsibility sparks motivation
Depending on the mindset, some people can be motivated and some can be unmotivated due to the loneliness on the road to wealth.
Every person should have a positive abundance mindset which aids in visioning everything through a happiness lens.
First of all, you should be proud of yourself that you have set your feet in such an adventurous road to wealth. Not all people are courageous enough to do that on their own. They usually need support from their family or friends.
Secondly, wouldn’t you be proud to achieve the same or even more that a group of people have achieved together? Don’t you want to prove them that you are better and are capable of defeating all the barriers in your road?
Making money is a common sense. It’s not rocket science. But unfortunately, when it comes to money, common sense is uncommon. - Robert Kiyosaki
Competitiveness can be very beneficial trait at certain moments. In this scenario, it is also very beneficial.
Prove to everybody that you can and are capable of achieving your dreams.
Nonetheless, personal responsibility in terms of wealth can be also motivation as a mean to provide a good life for your present or future family.
Therefore, you have to think why you have started your journey to wealth and use it as a source of motivation.
3. Personal responsible people are hard working
These people are especially hard working. Imagine single moms or dads that are trying to provide for their kids a wealthy life.
Imagine any person (perhaps that’s you!) that has had enough pain which pushes an individual to a wealthier life.
It could be that this person wants to live better than his parents. It could potentially be a source of motivation to work hard and achieve a dream to have a good amount of wealth.
4. You Value money better
People that are personal responsible for themselves have a better sense of money value.
They usually don’t have any cushions (other people) that can help them in a hour of need financially.
That’s why they value money better and feel more responsibility when spending them.
A conscious person of personal responsibility of his financial situation will not spend his hard earned money on a Lamborghini or a Mercedes.
Most of the things depreciate. Money is time and a person that values money, also values time.
That individual will rather spend money on real estate or stocks. Not only this strategy avoids unnecessary spending of money, but it also sets that person further ahead of everyone financially.
5. Not afraid of taking risks
If you are responsible for yourself and have a strong desire to be wealthy, then being not afraid of taking risks should be one of your traits.
Such person should set an emergency fund of at least 3-6 months for basics needs to survive. In this way, another part of the money can be invested in volatile stocks or a business can be created.
Wealth is the ability to fully experience life. - Henry David Thoreau
That is because a person that is responsible for himself must be cautious of his financial situation, because no one else will take care of him.
However, being responsible only for himself, he can actually take more risks. If there is no family to provide with money, then all the power goes to him if the risk is calculated.
6. Never stop learning
Another personal trait of these people is that they never stop learning. They want to improve themselves as much as possible in order to gain a leverage against other people.
Nowadays, in such a fierce world of competition it’s important to stay on top and increase your value.
For an example, if people used old tools to create furniture, then it would take months to make a quality product. However, as nowadays there are lots of technologies to utilize, a factory can produce up to 20 products a minute.
My point is that if you keep on learning, you will learn more techniques that are far more efficient and better in terms of return on investment.
Internet is limitless and free information can be found everywhere. 21st century is the perfect time to learn like never before.
Sometimes it can be boring and daunting, but in the end it pays off immensely.
7. Expecting to fail
As you are on your own, you will be able very vividly learn from your mistakes by, probably, doing mistakes.
Most definitely you can minimize amount of those mistakes by doing a proper research on the topic that you are interested to. However, even the best people face mistakes and have to go through the damage that has been done.
But it is not the end of the world as you will learn a ton from them. By doing mistakes you will make sure that you will most likely will never face them ever again.
If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed. - Edmund Burke
Failures are a normal part of our lives. They occur in every aspect of our lives. Thus, people are not perfect nor they should be.
There’s no problem in doing mistakes as long as you will never do them ever again. Mistakes are the best learning material for success and wealth.
8. Saving more money
People that have a good sense of personal responsibility not only take more risks, but also save more money.
That’s simply because they are preparing for dark days of their lives (if that would happen) so that these people would have a cushion to fall on.
Also, they don’t have another person to depend on. As a result, they are forced to take initiative of their financial life into their own hands.
9. Do the work themselves
As they feel personal responsibility, they trust themselves more than no one else, especially if these people have already opened their businesses.
Trusting other people (especially without checking facts about them) often result in negative consequences.
That is one of the main cores of their belief that doing the work themselves is more beneficial. Of course, sooner or later outsourcing has to be done.
However, most people, especially who start their journey to wealth being poor, can’t afford to outsource for their small businesses certain jobs.
A wise person should have money in their head, but not in their heart. - Jonathan Swift
This is rather a benefit because they can feel more what their businesses are about. They can become experts in it and have a better sense and a better understanding about overall processes.
Because if they ever become leaders of big companies, they won’t have a good fundamental understanding about what is going on. Who would like to work for a clueless leader anyway?
10. Avoiding toxic relationships
As personal responsible people have a good sense that they are their own goldsmiths of their lives, they can’t afford to let someone in with a toxic mindset and poison their hard work.
Toxic relationships are the prime of evil and the beginning of depression.
Toxic people keep on manipulating with other people and drain the positive energy out of them.
Eventually personal responsible people become deprived of their initial positive energy and they become stagnant in work, lacking focus and feeling bad about themselves generally.
Toxic people can create a lot of negative thoughts inside anyone’s head over time unconsciously.
Therefore, it’s important to stay away from toxic people.
11. Think like successful people
A lot of ridiculously successful people have made it on their own.
Personal responsible people can relate to them, because there are hardly any people that can or want to help them in the road of prosperity.
These successful people have created empires based on their skills, knowledge, passion and even sometimes because of being in the right place at the right time.
Nonetheless, successful people like Elon Musk, Mark Zuckerberg and others are big idols for people that are alone.
These successful people inspire them and motivate to follow their footprints.
Final Words
Personal responsibility trait is especially important for people that are seeking for more wealth in their lives.
They have a good foundation of understanding that no one else than themselves can create a prosperous life.
Regardless of that, being dependent on other people always feel insecure and fragile. Relationships can end in a blink of an eye and your all financial security is now gone.
Because of that you should be responsible for yourself and take care of your future, because no one else will do better than you can.