Only by having a wealth creation strategy in place is it possible to become wealthy. So many people work at becoming wealthy with no clear objective in mind other than they want to be wealthy. And most of them fail. Just like you can’t build a house without a blueprint, you can’t become wealthy without having clear outline of wealth strategies to get you there.
Of the many wealth creation strategies out there, perhaps the most basic is to first of all buy a home. Real estate is the cornerstone of the most successful wealth strategies. So a first step in becoming wealthy is to become a homeowner.
Next, you will want to consider any disposable income and look for investments you can use it for. Having money in a savings account may make you feel secure and wealthy, but it isn’t doing any real work toward making you wealthy. Even investing small amounts is an important wealth strategy.
Perhaps the most important of all wealth creation strategies is discipline. It takes discipline to achieve wealth. It’s hard not to take that disposable income you have at the end of every month and spend it on little luxuries. It’s also hard not to take the nest egg you’ve built up and splurge on the vacation or sports car of your dreams.
But if you truly want to become wealthy, then you have to have the discipline to invest your money rather than spend it.
You may also want to take courses in financial and investment planning. There are many excellent courses available online and through your local colleges and universities that can teach you invaluable wealth creation strategies.
The more wealth strategies you are aware of, the better off you will be in deciding what the best ones are for meeting your financial goal of becoming wealthy.
Mika Hamilton
Tuesday, 14 July 2009
Forums - Discover How You Get Them To Create Wealth
Warning: your wealth creation program should start with you knowing forum use can be a great wealth waster. You're about to discover how others have heeded this warning and used them to create wealth with two simple suggstions.
You can avoid wasting any more of your wealth by delay the purchase of any information products, on how to get started on the Internet, until you've put the following suggestions to work.
Cash In On The Triple Agreement Test
What is your biggest challenge on the Internet when it comes to getting started on your own online business? Reliable quality information is the answer. You use forums and see a product promising you a million dollars. You grab it. You soon realize it's poor quality and you wonder if you should continue your forum use.
In no time at all you've got a hard drive full of products which have not earned a cent.
The solution? Look for posts from three people sharing their expriences with any product you want to purchase. In your forum use note the names of these posters. Only when three of them agree that it's a good product should you consider its purchase.
With these reliable products, found through good forum use, to get you started, your wealth creation can now be successful.
Amazing P.U.P. Technology
Here's another suggestion to save you thousands. Your savings begin when you decide not to purchase (it will be so nice to be able to tell your loved one of the money you both saved with the product you didn't buy).
Instead you look for other options. A great one is to P.U.P -Pick Up Processes.
You select an expert with interesting products. Next, you get on forums and look for their posts. On forum posts and in their blog posts you'll find gems as they share the processes they've used for wealth creation.
Always remember cash in the bank depends on an ability to apply the processes of the experts.
You get to use them and all it costs is your time. And lots of focused reading.
Of course when you come into financial blessings you will purchase the products. P.U.P Technology is not a subtitute for product purchasing. It's a temporary measure to help you get your business launched when you're starting out.
Keep in mind your two steps to get the forums to be wealth creation machines. Each will come produce as you Cash in on The Triple Agreement Test and, use the Amazing P.U.P. Technology.
Copyright 2005 Kenneth Little
Kenneth Little is a writer, teacher, public speaker and the publisher of a re-released classic - in a revealing ebook- that will show you how to get the best of health and wealth out of all your future years.
You can avoid wasting any more of your wealth by delay the purchase of any information products, on how to get started on the Internet, until you've put the following suggestions to work.
Cash In On The Triple Agreement Test
What is your biggest challenge on the Internet when it comes to getting started on your own online business? Reliable quality information is the answer. You use forums and see a product promising you a million dollars. You grab it. You soon realize it's poor quality and you wonder if you should continue your forum use.
In no time at all you've got a hard drive full of products which have not earned a cent.
The solution? Look for posts from three people sharing their expriences with any product you want to purchase. In your forum use note the names of these posters. Only when three of them agree that it's a good product should you consider its purchase.
With these reliable products, found through good forum use, to get you started, your wealth creation can now be successful.
Amazing P.U.P. Technology
Here's another suggestion to save you thousands. Your savings begin when you decide not to purchase (it will be so nice to be able to tell your loved one of the money you both saved with the product you didn't buy).
Instead you look for other options. A great one is to P.U.P -Pick Up Processes.
You select an expert with interesting products. Next, you get on forums and look for their posts. On forum posts and in their blog posts you'll find gems as they share the processes they've used for wealth creation.
Always remember cash in the bank depends on an ability to apply the processes of the experts.
You get to use them and all it costs is your time. And lots of focused reading.
Of course when you come into financial blessings you will purchase the products. P.U.P Technology is not a subtitute for product purchasing. It's a temporary measure to help you get your business launched when you're starting out.
Keep in mind your two steps to get the forums to be wealth creation machines. Each will come produce as you Cash in on The Triple Agreement Test and, use the Amazing P.U.P. Technology.
Copyright 2005 Kenneth Little
Kenneth Little is a writer, teacher, public speaker and the publisher of a re-released classic - in a revealing ebook- that will show you how to get the best of health and wealth out of all your future years.
Wealth Building: The Key to Creating Your Own Wealth Creation Plan
The number of people who don't dream of becoming wealthy are few and far between. While money isn't everything, it sure does make life easier. Having too little or too much money both create problems to deal with, but wouldn't you rather have problems with too much money? I've looked all over the web at different methods or claims of creating wealth. It's ashame that there are so many people out there who are using the method of telling someone how to become rich to become rich themselves. Grounding ourselves in the founding principles of our company, trust & truth, I cannot tell you any guaranteed way to become wealthy. Quite honestly there is no magic formula for doing so because every one will have unique experiences in their individual circumstance. That said, I'll share with you the techniques I've used to construct my own wealth plan. It's something I've created an acronym for: LACED™.
The LACED principle™ is fairly straightforward. LACED™ stands for:
# Leverage
# Automated
# Compounding
# Ethical
# Duplicatible
If you create a plan using all of these principles, you'll likely have a strong plan.
I've heard many wealthy people speak about leverage. Basically you'll want to use as much leverage as possible to build wealth. You can do so by utilizing vehicles that allow you to control large assets with smaller assets. Some examples of this are, buying an investment piece of real estate with 10% down. This is incredible leverage if you think in terms of the fact that you can control $180,000 worth of property for $18,000. In some cases you may be able to control real estate with absolutely no money down! Another example would be buying stock options. In this case you purchase the right to buy or sell stock but not the obligation. This is a highly risky proposition and should not be tried without extreme due diligence and some understanding of how options work. Suffice it to say that with options, you can control 100 shares of stock (1 contract) for a small fraction of the price of the underlying security. By the same token, a small movement in the right direction on the underlying security can magnify the value of the option considerably.
Next, you should try to automate as much of your plan as possible. Anything that doesn't require you actively working on it will free your time to build greater momentum towards your wealth goals. The internet has greatly enabled strides in this way. Consider how quickly you can buy and sell stocks online, research real estate information, or even sell products completely online through an automated payment process.
Compounding is one of the most powerful tools we can use to build wealth. There are a lot of different strategies for compounding. You may want to reinvest profits in your business to grow the business larger. You may reinvest your returns in the stock market to grow your portfolio more quickly. The more you are able to make your existing assets work for you, the faster you will propel yourself towards wealth.
Some might say that doing things ethically is more of a moral choice than an actual tool for wealth creation, but I will counter with the fact that every major religion on earth I've studied has in some way said what goes around comes around. In other words if you cheat, eventually you're going to lose. Deal with everyone honestly and you'll get wealthy faster. An interesting take on this is something many people won't think about. When you don't have a lot of cash, you don't want to spend money on CPAs, Attorneys or other professionals to help you grow your wealth. You'd like to have their service but don't want to pay the price. This isn't ethical. You wouldn't want to give your labor away, and yet you feel they should. This is where those ethics are really going to make a difference! You get what you pay for and if you try to be cheap you'll very likely get cheap advice.
Finally, you want to make sure the core components are as duplicatable as possible. If something works one time, it may get you a large gain, but if it doesn't work twice it may give you a huge loss the second time around. I've had a lot of my mentors tell me that a lot of small gains are much better than having one big homerun. Find things that leverage, compound and are as automated as possible and then pick those that are duplicatable and you will have an astonishing wealth building machine in place.
I hope you can take this lesson and build your own wealth plan with it. It may sound vague and it is, but I believe it holds all of the secret ingredients you'll need to work your way towards having your wealthy future all LACED up!
All the best to you!
Bill White is one of the nations top E-Business Coaches and is the world's #1 Synchronicity Expert.
The LACED principle™ is fairly straightforward. LACED™ stands for:
# Leverage
# Automated
# Compounding
# Ethical
# Duplicatible
If you create a plan using all of these principles, you'll likely have a strong plan.
I've heard many wealthy people speak about leverage. Basically you'll want to use as much leverage as possible to build wealth. You can do so by utilizing vehicles that allow you to control large assets with smaller assets. Some examples of this are, buying an investment piece of real estate with 10% down. This is incredible leverage if you think in terms of the fact that you can control $180,000 worth of property for $18,000. In some cases you may be able to control real estate with absolutely no money down! Another example would be buying stock options. In this case you purchase the right to buy or sell stock but not the obligation. This is a highly risky proposition and should not be tried without extreme due diligence and some understanding of how options work. Suffice it to say that with options, you can control 100 shares of stock (1 contract) for a small fraction of the price of the underlying security. By the same token, a small movement in the right direction on the underlying security can magnify the value of the option considerably.
Next, you should try to automate as much of your plan as possible. Anything that doesn't require you actively working on it will free your time to build greater momentum towards your wealth goals. The internet has greatly enabled strides in this way. Consider how quickly you can buy and sell stocks online, research real estate information, or even sell products completely online through an automated payment process.
Compounding is one of the most powerful tools we can use to build wealth. There are a lot of different strategies for compounding. You may want to reinvest profits in your business to grow the business larger. You may reinvest your returns in the stock market to grow your portfolio more quickly. The more you are able to make your existing assets work for you, the faster you will propel yourself towards wealth.
Some might say that doing things ethically is more of a moral choice than an actual tool for wealth creation, but I will counter with the fact that every major religion on earth I've studied has in some way said what goes around comes around. In other words if you cheat, eventually you're going to lose. Deal with everyone honestly and you'll get wealthy faster. An interesting take on this is something many people won't think about. When you don't have a lot of cash, you don't want to spend money on CPAs, Attorneys or other professionals to help you grow your wealth. You'd like to have their service but don't want to pay the price. This isn't ethical. You wouldn't want to give your labor away, and yet you feel they should. This is where those ethics are really going to make a difference! You get what you pay for and if you try to be cheap you'll very likely get cheap advice.
Finally, you want to make sure the core components are as duplicatable as possible. If something works one time, it may get you a large gain, but if it doesn't work twice it may give you a huge loss the second time around. I've had a lot of my mentors tell me that a lot of small gains are much better than having one big homerun. Find things that leverage, compound and are as automated as possible and then pick those that are duplicatable and you will have an astonishing wealth building machine in place.
I hope you can take this lesson and build your own wealth plan with it. It may sound vague and it is, but I believe it holds all of the secret ingredients you'll need to work your way towards having your wealthy future all LACED up!
All the best to you!
Bill White is one of the nations top E-Business Coaches and is the world's #1 Synchronicity Expert.
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