Wealth Creating Science

Friday, March 23, 2007

Creating Wealth Lesson 1

Creating Wealth

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 .

I hope you enjoy it and find it beneficial:

Move From Working For Money To Having Money Powerfully Work For You
We live in a culture where the cultural story tells us, "Go to school so that you can get a job so that you can make money. And after working for forty years you can retire and live well." It is the cultural story, we are told it by our parents, friends, teachers, government ... But how true is it today? The evidence on the ground shows us that work does not necessarily equal wealth. Most people are not wealthy; they work long hours and have little to show for it, that is the fact. And when they retire, they don't usually get the rosy picture the cultural story tries to portray; instead they get to survive on a meager pension. So what happened? Why is the information we are getting not getting us the desires we are having, as far as wealth goes? Why is it only a few people who seem to get wealthy and financially liberated, and why is it that the knowledge they seem to have appears to be so elusive? The answer is simple.

Understand The Incredible Power of Compound Interest And How To Apply It
Why all the big fuss about compound interest? Compound interest allows you to multiply your money at a rate that is much, much faster than most people can possibly even dream of achieving in any job, business, scam, lottery win, gamble, franchise, or whatever! It is by far the best shot most people have at creating wealth and it is freely available to everyone, yet few people make use of it. Let us now look at it with actual numbers, application and deep analysis to make it all clear and simple. You will grasp its power in no time at all. Albert Einstein once called compound interest the 8th wonder of the world and the greatest discovery in mathematics. Let us see why.

Understand Assets And Liabilities And How To Create Wealth With Them
In the world of money, there are two kinds of things: (1) Things that take money away from you and (2) Things that put money into your pocket. Assets put money into your pocket, liabilities take it out. As simple as this sounds, this is the cornerstone of understanding the building of wealth. And surprisingly, many people don't know the difference. And if they do, they don't know how to apply this knowledge to create wealth. Let us clear all that up here and now.

Get Comfortable With Money's Natural Up And Down Cycles
Like all of life, money has its cycles. Money is part of life, so it cannot escape the cyclic nature of life. Nor can you. All of life is cyclic. The in and out of breath, day and night, on and off, up and down... money goes in and out, up and down. Most people try to "stay" in one part of this natural cycle and "avoid" the other part. No one can do that, yet millions attempt it. What you can do, however, is to understand the cycles and flow, flow, with them. That way, you can insulate yourself from the downturns, profit from both the up and down, and develop independence. The cycles, instead of taking you for a ride, now serve you and free you. With understanding, you can stand emotionally and financially liberated from the cycles of money - and even profit under all conditions!

Get Comfortable With Money's Unique And Surprising Nature
What is money? Most people think it is a very real, solid thing that is in short supply. They are even willing to go to war and die for it. Money is not real in the sense that a banana or an apple is. It is an idea. It mainly exists in the theoretical realm (most of it is not printed or coined). It can be multiplied with great flexibility. As long as you think of money as a real, physical thing, your mind will not allow you to see its most powerful abilities, abilities you can easily employ to achieve wealth. Once you understand what it really is, you can begin to play with it instead of struggle for it or fear it. Lovely!

Know How And Where Your Money Is Going And Coming From
If you have worked in any business (been employed) or have owned a business, then you will appreciate the value of knowing where your money is coming from and going, of budgeting, tracking, and managing cash flow. Businesses that don't budget and manage cash flow almost always fail. Money is like the blood of a business. It flows in and out, and if it runs out the business dies. It's that simple. And you can appreciate that when it comes to a business, isn't it? That is the nature of money: it flows in and out, and when it runs out the business is dead. So, ask yourself, will money change its nature and act unlike itself just because it is now dealing with a person, an individual, such as you? Shouldn't you also know what a business should know if you wish to grow wealth?

Golden Rule: A Part Of All That You Earn Is Yours To Keep
Wealth comes from the growth of assets (cash, stocks, property, or any other asset). Assets are purchased with income. If you do not put aside part of your income to acquire assets, you will find it extremely difficult to acquire wealth. However, if you do put aside part of your income to acquire assets, you will find it very easy to acquire wealth. It is all very simple.

Income and Wealth: The Relationship Explained
It is hard to grow wealthy purely on income, and it is hard to create wealth without income. Lets understand this relationship.

How To Explosively Multiply Your Money Geometrically In Leaps And Bounds
Cultural Myth #1: High returns are rare and hard to come by. Truth: High returns are available to everyone, all the time. You don't have to settle for an 8% return commonly offered to the masses. You can get a 20%, 200% or even 2000% return on your money. Cultural Myth #2: High returns are always accompanied by high risks. Truth: Money management practices and systemized, organized investing makes high-return investing a low-risk venture, as you will see below. Cultural Myth #3: Investing is risky. Truth: Gambling and speculation is risky. But investing is less risky than, for example, buying a car (where you are guaranteed to lose value over time), and it is certainly safer than not investing at all (where you are guaranteed not to grow wealth). Investing is a relatively safe affair, and it is the only way available for most people to become wealthy. It offers a safe and powerful chance to create and increase your wealth. How good is that? See how one trader has averaged a return of 60%+ annually for three decades, or how another has turned $400 into $200 million in 18 years. These things are possible for you today. Cultural Myth #4: Investing is hard. Truth: Investing is easier to learn than much of the stuff you learnt in high school or college. It looks hard because anything new and un-understood always looks hard. Once you start to learn it, you will see that it is far simpler than you ever imagined. The difficulty only exists in your imagination. Trust me on this. Prove it to yourself instead of relying on hearsay and assumptions.

To get all of it, the whole enchilada including the who, what, where, when and how of it all, see the Wealth Fundamentals Pack .
Also check out the Secret of Attraction blog.
Wealth Booster

No comments: