Creating Wealth Lesson 2

This part of the mini-eCourse on how you can create wealth for yourself and your loved ones is from the book called:

"This Book Will Finally And Certainly Get You Rich No Matter Who Or Where You Are, Now, Guaranteed"

It is available in the Wealth Fundamentals Pack found here:

http://www.imagesofone.com/cmd.asp?af=556630

I hope you enjoy it and find it beneficial:

Power Strategies To Preserve Your Capital And Protect Your Assets
The point behind preserving your capital (your money) is that you get to always have money to grow and grow, rather than lose it and have to start again from scratch. There is no investor, even the very best of them, that has not lost money. Even you will lose money sometimes; it is part of life. Smile when it happens; you get to learn stuff and enjoy new insights. But by having a good capital preservation system, you will get to keep your shirt on even when you lose; you only lose a portion of your money and even a series of losses do not take you out of the game. You never start from zero again; you just keep trending upwards; that is the point. The point behind protecting your assets is that you get to secure them against their being confiscated by the government or tax agency, taken by creditors, or grabbed in lawsuits. Asset protection also minimizes or eliminates taxes. Your assets are what give you leverage, cash flow, and opportunities to increase your wealth. Aren't those good enough reasons to protect them?

Have Only Smart Debt That Works For You And Avoid Bad Types
There are two kinds of debt. Debt that works for you and debt that works against you. Debt that works against you can have a very constricting effect on your efforts to become wealthy. Do you remember the power of compound interest and how amazing it is at creating wealth? Well, what if that power was turned against you? That is what disadvantageous debt is; debt that turns the power of compound interest against you. Good debt, on the other hand, allows you to benefit even more from compound interest! It gives you leverage.

Pay Minimal Taxes Using Simple And Advanced Strategies
The great Sir Winston Churchill once said that, "No man has the moral or legal obligation to arrange his financial affairs so that the state can put the biggest shovel in them". For most people, taxes are the biggest expenditure they face. Most people pay almost 50% of their income in taxes (income tax, corporate tax, sales tax, fuel tax, and all the other taxes they pay all add up to almost half their income). Cut your taxes down to about 10% of your income. If you can put in place strategies to save you about 30 - 90% of the taxes you are presently paying, and this is what most wealthy people do, you will have a lot of money left over to invest. Mathematically, our economies can do very well with 10% taxes. The reason why we pay so much is government mismanagement, waste and expenditures that don't make sense. The fastest way to double your income, whatever level it is at, is to cut your taxes if you are paying the full rate.

Turn Your Home Into A Profitable Investment
As we have seen in our definition of what an asset is and what a liability is, if your home is still under mortgage, it is a liability and not an asset to you. It is the bank's asset and the bank is using it to make money off you. Well, its now time to turn that around and start making some money out of it using simple creative financing. Turn it from a liability into an income-generating asset. And if you have already cleared your mortgage, you can really take it further and turn it into a real income generating cash cow. Relax, you don't have to move out and rent it out. You will instead be using creative financing to achieve your goals while you rest safe and sound in it.

Create Automatic Money Systems
Look at nature. It is perpetual. It feeds itself. Keeps going and growing automatically. The solution is in the system. You can turn your financial affairs into a natural, self-sustaining, dynamically growing, minimum effort system. And all systems are collections of smaller systems working together. Right now, your finances may be all over the place, like a disordered room that you have to keep re-arranging and preventing from collapsing. Lets see how you can turn them into a system that works for you and sustains itself. This is where you put all you have learnt so far together, tied together in systems, and those systems tied together to form your money machine.

Increase Your Ability To Earn And Create Wealth
If you wish to continuously increase your wealth, it follows that you have to continuously increase your ability to increase wealth. And you do so by continuously learning more. Money is value, and value comes from within you. You must therefore increase your value, and then apply that increase and you will experience an increase in wealth. You increase value by learning what you didn't know before.

More Reasons Why People Never Become Wealthy
As you have seen so far, wealth is simple, but it has its ways. And as you have seen by now, if you don't follow the way, you wont get there. If you don't follow the road to your destination, you can't get there. If you wish to go to Paris, for example, but you are driving on the road to Damascus, you will get to Damascus, not Paris. Now, in addition to all you have seen so far in this book, here are some more reasons why people never become wealthy.

You The Financial Warrior
What is The Way of the Financial Warrior? If finances are your game, get ready for the ride of your life.

To get all of it, the whole enchilada including the who, what, where, when and how of it all, see the Wealth Fundamentals Pack found here:

http://www.imagesofone.com/cmd.asp?af=556630

Also check out Secret of Attraction.