| |
| |
|
Wealth Building Information |
|
|
|
Money Mastery
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.
MORE RESOURCES:
The New America Alliance (NAA) Chairman to Ring the NASDAQ Stock ... - GlobeNewsWire (press release)
Wealth-Building - Google News |
|
|
|
RELATED ARTICLES
My Entrepreneurial Fire-I Grabbed My First Million Before I Got Too Old My First Million took me exactly 27 months to achieve. I remember the day I made the resolution with self respect. Warren Buffet: Wisdom from the Worlds Richest Investor In light of the dominant mindset overshadowing the market these days, a breath of fresh air might be welcome. This month, we're devoting this space to wisdom from Warren Buffett, the world's richest investor. Retirement - Can You Afford It? Every day you work is one day closer to your retirement. But can you afford to stop work? If you were unable to go to work for 6 months due to illness or injury, would you still have enough income to support yourself and your family? Even if you kept working, would you have enough money put aside to comfortably retire after a hard lifetime of work? If you kept working or doing as you're doing today, for the next 10 years, would you be in a better position to retire? Have you ever calculated whether your superannuation or the pension is going to be enough for you to retire on?For most people these questions either remain unanswered or have negative responses. Do You Want To Save Money Easily? Living on credit is fashionable. Indulging oneself is fashionable. Living Trusts: Do They Protect Your Assets From Creditors? A surprising number of readers want to know "Can a living trust protect my family's assets from creditors and lawsuits?"I think there are some promoters out there that use this as a pitch to get people to set up a living trust using their services:"Transfer your assets to a living trust and hide them from your creditors," are the claims.Sorry, that's not the law. A College Degree or an MBA is NOT NEEDED to be Financially Free Look at Forbes' top 10 United States wealthiest people. Notice the top five "self made" billionaires (excludes the Waltons who's net worth is due to inheritance) are college dropouts. The 9 Critical Steps To Success In Demolishing Your Money Worries For Good! Articles on 'How to make money' come a dime-a-dozen. How about a fresh, new perspective? Here's a rather unique, untapped, revolutionary article about the 9 Simple (Yet Powerful) Steps You can use right now to Demolish Your Money Worries for Good,. 3 Steps To Increasing Your Income Most accountants, financial planners and wealth-building experts agree that there are really only three ways to increase your income. You can either:1. Your Wealth Cycle Foundation The four main steps in building a wealth cycle foundation are:· Pay yourself first · Understand the legal entities available to you and the tax implications of each · Determine whether to be an active or passive investor and using the appropriate strategies · Develop and commit to your money rulesPAYING YOURSELF FIRSTPaying yourself first is a money rule. Can you imagine how much you would be worth if, from an early age, you had been conditioned to pay yourself first by depositing a portion of your earnings in a wealth account? Even if you only put in $1 per week, today you would probably be sitting pretty. Gain More Control of Your 401k - What It Can Mean to Your Future Points to ponder as you consider what can be done to maximize your 401k returns:1.Are You Maximizing Your 401k Returns?2. The Secret Barrier To Wealth - Underearning Is the ghost of "Money Past" haunting you? Do you feel like no matter what you do to "get ahead" it never works? The problem may not be what you are doing, it may be what you are thinking. Many of us have deep spiritual and psychological patterns around money that can block our efforts at managing our money better and creating prosperity. Wealth Secrets: Saving Your Way to a Fortune SCENE 1: Pharaoh has just woken up from a very troubling dream and feels he must know the interpretation. Joseph gets called in and explains that there will be seven years of plenty and seven years of famine. WARNING: The Biggest Lie About Social Security Like I said, If you are poor and on social security do not, and I repeat do not read this article.Why? Cause I am going to blast the recent article that was in USATODAY on August 16, 2005. Learn To Budget Do you like so many others feel, that even if they are earning well, are spending even more? Do you want to change all that and live in sound financial health and within your budget? Is there such a thing as a realistic budget? Are you skeptical that you can make a budget that takes into account all your necessities and provides for luxuries? You can live well and within a budget, and it starts with changing your attitudes towards money, expenditures and budget setting.Here's why a budget will help you to live well for the rest of your natural life. The 11 Best Money Saving Ideas of All Time - Part 4 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.Some of you may have heard of these ideas before, others may be entirely new to you. 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.Some of you may have heard of these ideas before, others may be entirely new to you. The Wealthy Mindset What is the difference between wealthy people and poor (even average) people? It is not all the money that wealthy people have and the average don't, nor the luxury, nor the lifestyle. It is their mindset. Use Feng Shui Coins To Increase Your Income Feng shui coins can allow you, among other things, to increase your income. By keeping three coins tied with a read thread, you would protect your already existing income as well as increase it. Early Retirement The Dream of the Working Classes Everyone dreams of early retirement. The idea of no longer having to work at an early age is very attractive to some people and they dream and wish all day long about the day that they can afford to say, "Take this job and?" well, you know. 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.
|
| home | site map |
| © 2006 |
