![]() |
Wealth Building Information | |
Don't Work for Your Money, Make it Work for You!
Well, the New Year is around the corner and so are New Year's Resolutions! It's such a great time of year to consider what the past year has brought us and what we want to create in the coming year. To help you get started thinking about the coming year, we are publishing a series of articles on top wealth creating habits. This series of articles will feature simple and practical ways that you can begin easily creating wealth in your life, no matter what your current situation. Ready? Let's dive in! Chances are, if you're reading this article, you're not wealthy yet. Chances are also that you are an employee, working for someone else, or you are a business owner but your business has not yet made you wealthy. In either case, haven't you dreamed of being a wealthy business owner, whose business generates continuous wealth and income? Most of us have?but most of us also run up against the brick wall of not knowing how. The best way to get started becoming a business owner with very productive employees is to get a business and hire some great employees. Now, most of us aren't able to do that overnight, or we would have done it already, right? Wrong! If you consider your money (assets or cash) as your employees, then you are an instant business owner. Voila! Think about it. When you invest your money or apply it toward a productive entrepreneurial venture, your money works just as hard to produce an income as you do when you go to your daily job. In fact, it works harder than most employees do - money has no family or personal problems and doesn't argue with you. When you put what available money you have to work for you, you are now a business owner with employees (your money). When you realize that money has the potential to work just as hard as you do, then you've just enlightened yourself with one of the top wealth creating habits! Now, to get a productive business that earns a good return for you, you need to keep adding "employees" to your business by saving your money and investing it. Whether it's a dollar or twenty dollars, every "employee" counts. The wealth creating habit you want to cultivate in this regard is to save and invest your dollars rather than spending them on things that will give you short term pleasure but no long term benefit. Remember that every dollar you turn into an "employee" rather than spending in the moment will work for you for the rest of your life! Think about that the next time you feel tempted by some new trendy thing you've just got to have! How can you get started on building this wealth creating habit in your life? It's easy. At the beginning of each day, spend a few minutes experiencing what it would be like not to have to go to work every morning, but to be able to choose whether you want to work or not. During the day, as you are faced with spending choices, bring that experience back into focus to help yourself choose wisely. At night, keep a journal of your spending decisions for that day and note what percentage of the time you chose wisely. Your goal? To increase that percentage gradually to 100%. Most experts say that it takes 21 to 40 days to create a solid new habit. That's not long when you think about it. All you have to do is get started - now. Good luck! About The Author Stephanie Yeh is deeply committed to the study and experience of prosperity and to helping other people achieve and experience prosperity. With the help of a strong 15-year network marketing business, Stephanie and her partner have helped many people achieve their prosperity goals. Her current project, the Journeyman Wealth Program, is aimed at helping 15 people a year fully achieve their dreams. Stephanie's Prosperity Abounds website works on the basic principle that "You are the creator of your own reality!". Get more details on her website at http://www.prosperity-abounds.com; info@prosperity-abounds.com
MORE RESOURCES: |
RELATED ARTICLES
How To Be A Millionaire - The Top Secret Of Wealth Creation Have you any idea how many people search Google every single day for terms such as, "make fast money" or "get rich quick"?Intelligent, motivated people, just like you and me? It's veritably FRIGHTENING.Some do it for a laugh. 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. Personal Finance Rules to Building Wealth Key 1 Pay your self firstkey 2 Saving is not a punishment. Its making choices about how you'll use your money. The Truth About Setting Up A Wealth-Pump Business: The Passive Income Myth Exposed In theory the idea of generating additional (and passive) business revenue from books, CD programmes and eBooks couldn't be simpler. Find a market. Tax Help - Girls (and Guys) Just Want to Have Fun by Using Tax Saving Tips In his best selling book, "Rich Dad, Poor Dad, Robert Kiyosaki warns people against the dangers of buying what he calls "doodads" - you know, junk, spur of the moment items.Tax Secrets of the Rich Found HereThose things that you didn't know we existed until you read about them in an in-flight shopping catalogue and know that you know about them, you just can't live with out one. How I made $122,000 and lost $132,000 - A lesson in Assets vs Liabilities This is a true story from my own experience that illustrates how buying assets for wealth creation works.Just over 3 years ago I found myself with $75,000 to spend or invest. Its High Time for Lifetime Savings Accounts I'm constantly reading articles on the internet and in financial magazines in which so-called financial planning experts express perplexity as to why about 30% of employees do not participate in their employers' 401(k) plans. These writers don't seem to have clue. Turn Your Job Loss Into the Opportunity of a Lifetime There are few things in life that are more stressful than the loss of a job. You may think that the loss of your steady paycheck puts financial freedom that much further off, but nothing can be further from the truth. The 11 Best Money Saving Ideas of All Time - Part 2 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. From Debt to Financial Freedom The vast majority of working people are in debt. The vast majority of people who are now in debt are always struggling to find better jobs with higher pay checks. Turn That Fixed Rate Mortgage Into A Goldmine When you purchased your home, you most likely got a fixed interest rate mortgage with a 15 or 30 year term. These are the most popular mortgages in the industry. How to Save Money and Take the Vacation You Always Wanted Many people don't realize how much money they spend on convenience and boy does it add up. I am going to share some of my frugal and practical tips of how to save money for the vacation you always wanted. 5 Simple Steps for Serious Saving and Financial Growth 1) Pay off your loan, credit and store card debt and resist the temptation to keep on spending money you don't yet have.Credit cards and store cards attract the highest rates of interest and are the most inefficient way to work your finances. Business After The Iraqi War The rewarding of high compensation packages to top executives who turned over weak quarterly earnings, or who were involved in corporate scandals, adversely affected short-term investing, and collectively contributed to the downturn of the global economy over the last couple of years. Even the help and expertise of Federal Reserve Chairman Alan Greenspan and several notable Nobel Prize winning economists in the President's Council of Economic Advisers, wasn't enough to revive the economy. The Morphing of Thought and Cash Here are some thoughts about the morphing of thought and cash. What do I mean by morphing? I mean the transformation of something from one form to another. Getting An Offshore Bank Account Via The Internet There is no need to use the many middleman websites you will find via a search engine. Most of these are *bogus*, even the slick-looking ones. 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.Who doesn't? Money is not everything in life, but it sure helps to decrease problems if it is used correctly. Residual Income - Part Three Finding Leaders In my last article on Creating Residual Income I mentioned that employees are a pain.That wasn't completely accurate. Plan For Wealth One very important wealth creating habit is to set up a concrete plan that you can actually follow. You see, wealth takes planning, and is usually the result of taking a set of orderly, progressive steps from where you are now to where you want to be financially. The Difference Between Wants & Needs So you want to become wealthy? While there is no single road to getting there, it's a sure bet that one principle is in place for those who keep their wealth over a lifetime. Live beneath your means. |
|
home | site map | This site is best viewed in firefox.Get firefox now from here. |
| © 2006 - 2007 |