|Wealth Building Information|
Money can be your servant or it can be your master. The choice is yours to make. If you want to be the master in this relationship, you must learn to assert your control.
This process is simple. It may not, however, be easy. You are habituated to certain beliefs and behaviors towards money. The mass mindset of your culture, including the pervasive advice of advertisers, banks and advisors, is extremely persuasive in convincing you that you are a servant to money and its mysterious and magical attributes.
Nevertheless, if you have the discipline to enact these simple control mechanisms, you will become the master in your relationship with money and, in so doing, will begin to create the financial success you desire.
1. Spend less than you earn.
This is so obvious that it should not even need to be said. However, we live in a society that is predicated to debt financing. If you can't pay cash for it, do without.
2. Pay yourself first.
Take 10% of your income and save it. Don't spend it. Don't lend it. Live off the other 90%. That 10% will build your wealth. It is your foundation.
3. Get out of debt.
The interest you pay on borrowed money, if saved or invested instead, would be enough to retire on. Debt does more than make you a servant to money, it turns you into a slave.
4. Have multiple sources of income.
Reliance upon a single source of income is a recipe for disaster. If your primary source of income supports your lifestyle, your secondary sources will build your wealth.
5. Create passive income.
So long as you work for your money, you are the servant. When your money works for you, it is your servant. Simple, isn't it?
6. Invest in yourself.
Wealth is a product of mind. Expand your mind. Educate yourself about wealth creation. Learn, and then apply, the millionaire mindset secrets of the masters. I give away a free ebook on my website that will help you get the mindset that allowed me to become a self-made millionaire.
Understand that money is not wealth. It is simply an agreed upon medium of exchange that enables you to trade one form of wealth (what you are and what you can contribute) for another form of wealth (food, shelter, security, freedom, pleasures,etc.
The more value that you can offer, the more valuables you can accumulate. Become more valuable. Invest in you. You will get to have wealth after you become wealthy.
� Leslie Fieger. All rights reserved worldwide.
Leslie is the author of The DELFIN Knowledge System Trilogy: The Initiation, The Journey and The Quest plus many more success publications. He also the co-author of The End of the World with Hugh Jeffries and Alexandra's DragonFire with his daughter Ashley. Subscribe to his free and ad-free eZine at http://www.ProsperityParadigm.com or http://www.LeslieFieger.com.
Reprinting and republishing of this article is granted only with the above credit included. Permission to reprint or republish does not waive any copyright.
How Much Do You Need To Earn Per Hour To Achieve Your Yearly Financial Goals
Have you ever asked yourself what your highest income producing activity is?
Your Wealth Cycle Foundation
The four main steps in building a wealth cycle foundation are:
The 11 Best Money Saving Ideas of All Time - Part 1
At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true.
How Should I Create Passive Income?
If you're wondering where to create passive income, then you are likely not alone. There are hundreds of different ways, however, so you're sure to find something that will work for you. The one thing to remember about creating passive income, however, is that being creative is a huge benefit - and that you should try to create passive income in several different ways.
The Making Money Obsession - Discover The Real Truth
In most societies, we are raised to believe in the myth that "it's spiritual to be poor". Or we use such phrases as "filthy rich", or "Money is the root of all evil". Our TV and movies present the big businesses as the "bad guys", and programs our minds to believe that being rich is "bad".
Who Will Become Wealthy in the Information Age?
As you know, we're now well and truly in theInformation Age. It began about 10 years ago. In fact,many economists say it began in 1989, with the Fall ofthe Berlin Wall (and the start of the World Wide Web).
Wealth And Your Net Worth
Most people know it's important to keep and organize all of your vital financial information. But knowing you should and knowing how are two different things!
Spiritual and Emotional Money Goals: The Keys to a Financially Free Future
Are you setting the right money goals?
A New Economic Policy
Anyone knows that material wealth is measured in goods: apples, cars, shoes, sheep, etc. When the number and the quality of these things increases, wealth increases.
High Flying Market Makes Good Buys Hard to Find
AS THE MARKET FLIES HIGHER, GOOD BUYS ARE BECOMING HARDER AND HARDER TO FIND.
Wealth Management, Wealth Protection, and Tax Planning
U.S. Supreme Justice Louis D. Brandeis
Uncle Sams Snake Oild
Uncle Sam and his band of merry-men, better known as Congress, have been pushing snake oil on the unsuspecting public in the form of retirement plans. But wait, isn't a pension plan one of the perks we look to when shopping for an employer? Well, not all pension planning is created equal and in most cases, quite disastrous.
How To Be the Ultimate American Consumer
Feel like a lemming lately? Ready to follow the crowd into the great plunge of Ultimate American Consumerism? Just in case you need a little help, here is a tongue-in-cheek look at how to continue the process of becoming the Ultimate American Consumer!
The One Important Secret of Making More Money Easily
If you're reading this article, it means you are a person who wants to make more money in life.
Thieves Continue to Pull Off the Biggest Heist in History?Until Now!
Imagine being able to steal untold millions of dollars in plain view without getting caught. Impossible you say. Be careful because you are most likely a victim of this heist. In fact, you may actually be giving these thieves referrals so that they can dupe your friends and family.
Compounding: The Science Of Exponential Money Generation
It all begins with a simple calculation.
The Old Monied Dupont Nemours and Roosevelt Families Buy a Tax Haven
This 4,000 acre sale (now a marina and resort town - with an airport for jumbo jets (the $50,000,000 airport was donated by the UK government) went down in the 1970's - not the 1870's!?!?
Real Estate Stories that Show You How!
Let's begin easing you out of the pits. I mean, comfort zone! I'm going to slowly and methodically give you as many little sparks and insights to the relatively simple ways that ordinary people use real estate to achieve extraordinary results.
Turbocharged Financial Planning
Financial planning is an ongoing process individuals and businesses should implement by organizing all aspects of their finances. This will assist in identifying financial goals, providing a comprehensive written Financial Plan, and implementing the plan in accordance with the objectives that are most important to you.
The Philosophers Stone
"If you know how to spend less than you get, you have the philosopher's stone" ? Benjamin Franklin
|home | site map|