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Posts Tagged ‘Creating Wealth’

Forefathers Of Wealth Creation: Introducing Napoleon Hill

December 15th, 2009

Napoleon Hill helped fill the ranks of the earliest success and self-empowerment writers. He brought a dream to life in his self-help success guide, Think and Grow Rich, paving the way for countless wealth creation success stories.
Who Was Napoleon Hill?
At birth, probably no one who knew Napoleon Hill would have guessed that he could become on the most famous self-success writers of all time. No one would have thought he’d have the experience and success that he did; there was nothing in his upbringing that predisposed home to wealth creation and success. Of course, if intuition and curiosity could be visualized, perhaps Napoleon Hill’s future could have been foretold, but absent of that, there was nothing grand about Hill’s beginnings.
Napoleon Hill was born in 1883 in the United States. His biography states that he was born poor in a two-room cabin. From there, a series of events, both unfortunate and opportune, led to his becoming one of the best-selling authors of all time (for Think and Grow Rich).
Napoleon Hill’s mother died when he was just 10 years old. His father did remarry a couple of years later, but the family remained poverty-stricken. When he was 13, Napoleon Hill began to write for a local newspaper as a “mountain reporter”. Hill managed to save money from his job as a writer and enroll in law school. Unfortunately, Hill could not finance his way through college, and he left law school and returned to work as a reporter.
Hill was given an assignment to interview and write a series of articles about famous men. On the list of subjects was steel tycoon Andrew Carnegie. It is the chance meeting with Carnegie that forged Napoleon Hill’s future and set his ultimate success.
What Was Hill’s Wealth Creation Message?
When Hill met with Mr. Carnegie he presented a challenge to the young writer; Carnegie challenged Hill to interview 500 of the most successful and wealthy people on earth, and use their experiences and tactics to extract a formula for wealth creation. Carnegie believed, as Hill came to prove, that there were certain characteristics that all successful people employed to make money and create wealth.
Hill accepted Carnegie’s challenge, and spent years interviewing a variety of successful men and women. He studied the similarities and deduced that there are 13 principles that are employed by those who create wealth of their own.
Although Napoleon Hill refrains from naming the principles and the “secret to success” specifically (because he believed it was best for the reader to learn these things for him or herself), there is a very notable overriding theme in his works that support the accepted belief that the proper mindset is the key to wealth creation and financial success. Hill believed that “thoughts are things” and sets off in his book to explain how (much in the same manner as his peer, Wallace Wattles); it is from Hill that we have come to embrace the term “Master Mind”. These two tenets should serve as some indication of what Hill believed to be the key to successfully creating wealth.
Napoleon Hill’s works, his book Think and Grow Rich in particular, were an important contribution to the field of wealth creation. Never before, or since, has there been a collective study of so many successful creators of wealth. Napoleon Hill spent half a lifetime studying what it takes to make great financial success. Napoleon Hill gave the world of wealth creation a timeless guide that is as applicable to money making today as it was in the early part his century.

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Ways to Create Wealth

December 12th, 2009

Everyone wants to be financially secure, but finding the road to that security is a completely different story. Although very seldom is it done, real wealth can be created by putting away money from your 9 to 5 job everyday. The truly wealthy people out there have found many different ways to secure their wealth. But unfortunately, there are many others out there willing to prey upon us all to strip us of our hard earned money with get rich quick schemes.So how can you create wealth these days? Let’s be upfront, get rich quick schemes just don’t work. You might find one exception to the rule, even though we know building long term wealth takes time and hard work. Sometimes working hard is not enough, wise investing and working with your money is usually the surest way to create wealth.Creating wealth with stocks and bonds is wise. Risky investments are around us all the time, but if you do your homework, you can build your portfolio steady and surely over the years. Keep in mind, if you don’t know what you are doing, leave it up to the professionals. There is much to be said about day trading, but it can also be very risky if you aren’t educated enough.Real Estate is also usually a good investment. However, trends in real estate fluctuate so you need to know if the market is prime to purchase. Often people will purchase forclosed homes in disrepair and “flip” them by renovating them and selling them in a short time for a profit. Or, rental properties can earn you money to stock away. Be careful when buying in a downward market. It could be tricky to sell again fast, therefore creating a burden of carrying an extra mortgage until it sells. But if you make smart decisions, real estate is a good way to create wealth.Building an extra income online is one avenue that most people don’t think of. However, many millionaires are created through network marketing and affiliate marketing programs online. In fact, network marketing is even being taught in some colleges around the country, which shows you how viable it is in creating wealth. Network marketing is now considered a legitimate business model for this century.Importantly though, we all must remember that if we do not handle our money correctly, wealth cannot be created. Living beyond our means is what most Americans seem to do these days. It’s nice to splurge for an expensive car, watch, clothes and other material goods. But, with the right counseling and money management, you can spend thriftly and be on your way to creating wealth for retirement when you want.Remember never to give your money to someone that will make you money over night. As we said in the beginning, get rich quick schemes just don’t work. It will take hard work and dedication to make sure your hard earned money builds for you.

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Simple Steps to Creating Wealth Part 2

December 11th, 2009

In my last column we discussed on various simple factors necessary for wealth creation. This will be the concluding part of the article. Let finish it  Create a Mindset of Abundance The journey into wealth begins from the inside. Until you master the internal process of wealth creation, your dream will at most remain a dream. First you’ve got to believe you are created to be wealthy. The starting point is to believe that you are created to be wealthy by God .This is fundamental to your quest for wealth creation. Don’t allow the negative or unfavorable condition you may be right now condition your mind to believe that you are created to be poor, No!. The truth is that you ultimately become what you have believed in your mind. As a matter of fact, your present condition is an express display of your mindset but that you can change Set specific money goals That is the point! You have to sit down first and plan your way to wealth creation. If your goal is just to pay your rent and feed your family, there is no need to sit down first. Just any body can achieve that goal. But if your goal is to accumulate wealth, you need to sit down and plan. Unfortunately, that is the aspect many people don’t feel comfortable doing. As the late reggae legend, Bob Marley put it: “Everybody wants to go to heaven, nobody want to die. If you are serious about creating wealth, you have to be cleared about the level of wealth you want to create. You have to practically create the financial future you want now, and work backwards from it with as much clarity as possible. See you at the top

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In Sickness and In Wealth

November 22nd, 2009

An Easy and Inexpensive Method to Build your Wealth Team

November 20th, 2009

Do you like to do everything yourself and feel no one can do it better than you? That’s the called the lone wolf syndrome and when you’re trying to accelerate your wealth, it’s not an efficient model.

How do you stop being a lone wolf? Tap into your current family and friends experiences, expertise’s, or networks. Take out a piece of paper and make a table with 4 columns.

The first column heading is “Wealth Building Activity”. What do you want to accomplish this year? Write down 3-6 wealth building activities. These can include items that you already have in process, are incomplete, or haven’t been started yet. For example, you can list “Develop a lead generation process”, “Buy a duplex rental property”, “Invest in the stock market”, “Outline tax strategies for my business”, or “Put together my personal financial statements (balance sheet, cash flow statement, income statement)”.

The second column is entitled, “Who Can Help?” List people you ALREADY know who have skills to help you start or complete the wealth building activities. These people already know you and are very willing to give advice. In some cases, these people may not be able to help you directly but they may be great sources for referrals to others who can help you achieve your goals and accelerate your wealth. Examples of people you already know can be your family (Mom, Dad, sisters, brother-in-law), friends (college, parents of your children’s friends, health club), neighbors or people from work. Go through your address book for additional people who can help.

The heading for the third column is “Ask or Call? When?” Determine ahead of time if you will be requesting a face-to-face meeting or requesting for help via a phone call or email. To hold yourself accountable, identify the date when you will call or meet with the person. It is critical that you follow through on making contact with the people you’ve identified to help you out.

The heading of the last column is, “When Can We Start?” Assume your family and friends say “yes” to your request for help. You need to find a time for both parties to meet and review the items with which you need the most help.

When meeting with these people, make sure you are prepared ahead of time to discuss your goals and desires. Be direct and honest and ask these people for suggestions or advice on how they can help you achieve your goals. Ask them, “What they would do to accomplish the wealth building task?” Take notes, ask questions and discuss what your actions will be to move you closer to achieving your wealth building activities. In your discussions, make sure you are clear about the next steps. Are you confident you know the next action step? If not, then continue to ask questions until you are confident and have clear direction. This also is a perfect opportunity to ask your family or friend if you can request additional information or help from them in the future.

You will be amazed at how quickly you can begin to build wealth once you lose the lone wolf syndrome. Tap into resources you already have and build your wealth team. You will achieve your wealth building goals faster, more efficiently, and with more confidence once you have people around you who support you and your goals.

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How to Build Wealth in Three Easy Steps

November 16th, 2009

My life used to be really great, in every area but one – finances.  I have a wonderful marriage, a beautiful daughter, and nice friends and family.  I even live in a beautiful city.  But I was under constant stress, because I didn’t have confidence in myself that I could make money. 

 

Tired of struggling over this issue and worrying about our money situation each month, I decided to take action.  First, I found experts to help me.  I didn’t want to waste any time making mistakes.  The result was fantastic.

 

I began to build wealth immediately, and more importantly, I found that I became confident in my ability to build wealth no matter what the circumstances.

 

If you’d like to free yourself from the bonds of financial worries, read my three tips on building wealth.

 

Build Wealth Step #1:  Concentrate on Something that You Like and Have an Aptitude For – You’ll go far if you use your innate abilities.  We all have a drive to use the talents that we’ve got.  If you do this, you’ll be more efficient, more creative, and more driven to see your plan through.

 

You may have to invent a new career, or you might be able to alter your career right now in order to take advantage of your unique abilities.  The key to helping yourself build wealth is to tap into your interests and let them flow.

 

Build Wealth Step #2:  Make a Plan – This seems obvious and pedestrian, I know.  But it works.  Start thinking in an expansive way.  What could you take on right now, in addition to your normal job if you don’t want to quit right away, that would enable you to use your talents and make money?  Brainstorm and then write down a plan.  I’ve found that learning from experts is very valuable here.  I’ve taken on several projects that I received in-depth training for, for which my expert provided the action steps.  This made my Step #2 easy.  I had a ready made plan developed by an expert.

 

Build Wealth Step #3:  Follow Your Plan – Again, this is not new.  But this is the step that most people fall down on.  Many people don’t get started, or they begin and they give up after several days of “work”.  Then they complain that the plan didn’t work.  Actually, many plans work, most people don’t.

 

If you arrange your plan in a way that gives you daily actions to produce, you’ll be able to manage following your plan every day.  It may be rocky at first, but hang in there.  Most people will schedule too much to do in a day and then they can’t maintain the pace for more than a few days before things start to fall apart.  So hone down your daily list into something that is challenging, but do-able. 

 

Work you plan and your plan will work.  Expect ups and downs.  But through it all, you’ll find that you have bigger and better ideas as you follow your plan and you’ll build more wealth than you could have imagined.

 

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Three Initial Steps to Manifest Wealth Now

November 15th, 2009

In these uncertain economic times, wouldn’t it be wonderful to know that we could build wealth no matter what?  Think of how confident and calm you would be if you knew that.

For years, I struggled with money issues.  I was a hard worker, but nothing I did seemed to make a difference.  I was often on-edge, worrying about my money issues.  Finally, I’d had enough. 

That’s when I started looking for a money-making expert.  When I found one that I believed in, I couldn’t believe how quickly I made progress.

Here are the three initial steps that I took, upon my expert’s advice, to begin to manifest money:

Manifest Wealth Now Step #1:  If You Want to Create Wealth, Create Value First – This is an important step.  The ability to build wealth whenever we want to is a long-term skill.  It requires more than a get-rich-quick scheme.  The key to doing anything successfully long-term, is to have value.

When you value something, other people will value it also.  As people are becoming more and more savvy about not being taken in by slick marketing, they’ve learned to spot when something is valuable.  There’s also nothing more gratifying then creating something that is useful to people.

Manifest Wealth Now Step #2:  The Easiest Way to Create Value is to Use Your Unique Talents – We all have great talents that we take for granted because they’re so natural to us.  It is these talents that we can use to create something of value to ourselves and others.  No one has your point of view, or your exact skill-set.  Use your interests to begin the process of adding value to something.  If you’re working at a job now, come up with ideas about how to improve something at work. 

Or you can come up with something to do that is outside of your job entirely.  The key here is to use your group of talents.  You don’t have just one.  I love to write fiction, but I also love the idea of helping people to live the life of their dreams.  So I write about that as well.  I would not be happy as a writer if I didn’t write non-fiction as well as fiction.

Manifest Wealth Now Step #3:  Take Action Every Day – Begin to create wealth by spending time every day on what you love and are gifted at.  It won’t take very long to start to hone in on a good avenue to pursue when you commit to taking action on your new life everyday. 

Take heart here.  This is not always easy to persevere through this step.  But if you will just keep taking small actions, you’ll get there.

Good luck.

 

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Three Steps for Creating an Easy Wealth System

November 15th, 2009

I you want to be able to cause consistent results in anything, you must have a system.  This is especially true for creating wealth.  Business is a great teacher.  It demands that we have discipline and follow-through.

The easiest way to train yourself to master the demands of business is to have a plan, a system for completing work in an excellent and timely manner. 

When I committed to creating a money-making plan, I knew that I had no idea how to create a wealth-building system.  So I sought the advice of those who had already succeeded.

What I learned saved me valuable time and energy.  In fact, I doubt that I would have achieved the success that I have without learning their money-making secrets.

The following steps are the first things that I learned from them: 

Easy Wealth System Step #1:  Set The Foundation – There are many, many wealth-building systems out there.  But one can not consistently follow any system when their life isn’t functional.  By functional, I mean that they are in reasonably good health, their home is ordered, and their relationships are basically positive.

This state alone is actually a lot to ask.  Most people don’t have all of those three components handled.  Some people are great at work and yet, they’re in terrible health, or have poor relationships.  Eventually, these things they’ve ignored will catch up to them.

Don’t ignore this step or things that don’t work now will slow you down early in the process of creating wealth.  This can be critical when you will have to use all of your belief in yourself in order to keep going.  Don’t be lazy.  Give yourself a chance to succeed.

Easy Wealth System Step #2:  Search for A Plan – There are thousands of business plans that are sound and readily available to us.  Make sure that you choose to follow a plan that fits with your talents and be certain that you trust the person who developed the plan.  I’ve follow business plans that have cost me less than $50 with almost no start up fee.  I like these plans and they’ve proven worth my time.

Easy Wealth System Step #3:  Follow the Plan – The essence of this step is not as obvious as you may think.  Each day, outline some actions to take.  Clump similar actions together to increase your productivity.  For instance, if you’ve got internet research to do, people to email, and people to call, do this at one time.  If you’ve got brainstorming and list-making to do, do these things together.  Don’t perform a string of random tasks that require different actions, like running copies over to a business, then making a call, then brainstorming a new product, and then handling accounting.  This is an inefficient use of time and you won’t develop a sense of satisfaction with your work.

Lastly, remember to get expert help.  What you don’t know just might be holding you back.

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The Kept Secret of Wealth Creation Part 2

November 11th, 2009

 In my last article, we are able to establish the fact that everything we need to create wealth is already within every man. Another important key to wealth creation is creating value. It is high time for you to understand that wealth is not something that is distributed randomly by a god somewhere to a few chosen people, NO!. In your quest for creating wealth, you have to learn and understand ways value is created. This is fundamental to wealth creation.       You have to create something of value for others. Something that will solve people’s problem. Creating wealth is simply creating solutions to a certain problems for people. This is the fundamental of wealth creation.      Money is nothing but a medium of exchange for value. The level of wealth you will create is determined by the values you are able to create. This is the foundation of creating wealth. Business or individual will make more money when they find ways to add value to other people.       The amount of money and wealth in your life is a direct reflection of the value that you add to life. There are two ways to creating value. This is either through the creation of goods or services to meet the needs of others. For example the invention of Microsoft software has unbelieveably transformed every aspect of our lives and this product has brought massive wealth to the founder of Microsoft.      There is no magic formula to the creation of wealth.The definition of wealth is value, how much you get paid is a reflection of how much value you create for people.Don’t think of how much money you are making, think of how much value you are creating, think of the value you create for people and the money is just a by product of that value. See you at the top

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Attract The Wealth You Deserve

November 7th, 2009

Is it good when you have huge deposits in the bank, plenty of valuable possessions, abundance of anything of value? Nearly all, measured wealth is in monetary factors. We say that people are wealthy when we see their grand mansions, different cars, lots of jewellery, or expensive clothes.
We assess wealth by material possessions. Wealth can be inherited or created. Only few are born wealthy, most need to work hard and sacrifice a lot of things in order live like a prince. Wealth begets wealth if you know how to manage it.
So the more money you have the more you will become wealthy. Richness offers a lot of opportunities and opens closed doors. It elevates your social standing and gives you power. Ordinarily, it gives superficial happiness. Possessing lots of money is heaven here on earth. You can buy anything you desire, go anywhere you want and own anything your heart desires.
But too much wealth has also its disadvantages. You can read in the papers, wealthy people committing suicide; children of affluent families involved in drug addiction, or people committing murder because of money. Most of these people become distrustful of others and abusive of their fellowmen. Perhaps the saying that money is the root of all evil is true.
Problems with wealth are common that it afflicts people everyday. It affects our everyday relationships, strain on our family lives and even destroys friendships. Wealth problems are mental afflictions that still have to be dealt and overcome; otherwise, it will ruin your life.
Hypnotherapy is one way of dealing with problems related to wealth. Hypnosis has been proven to be effective for similar problems. It is a solution to real life physical, emotional and even financial crisis. Focus on going over that mental block concerning your wealth problem. Have a mind set of ruining the dilemma you have and just believe you can actually do it. Once you get over it, it will let you sleep better and eventually improve your life.
What does wealth mean to you? Wealth is not just about the amount of money we have, rather, it is more of a state of mind. It may be funny how people spend their lifetime to have abundant wealth and yet so little time enjoying it. Wealth may also be classified in other forms, like having abundant love from family or friends supplemented with good relationships.

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