Wealth is a state of mental consciousness that manifest itself in the
outer world.Wealthy and successful people are first being successful
and prosperous within before they really accumulate their wealth.How
do you do that ?
Here is an article guiding you how to create your wealth and achieve
your financial freedom.
"Building Success and Prosperity Exactly", by David Cameron
Prosperity, wealth, is something that almost everyone in the world
seeks, yet find it hard to attain for some ÔstrangeÕ reason. Money
issues is what we do much of the time, yet it is not taught in
schools. When we are busy doing marketing, web design, or any sort of
work, job or business, we are simply working on issues related to
wealth and prosperity in various forms. Here, then, very quickly and
directly stated and explained, are the steps you shall take to have
guaranteed prosperity for the rest of your life:
Step 1
The first step in creating wealth is building Wealth Consciousness
within yourself. Prosperity is an inside feeling that becomes
expressed on the outside as material wealth and success. Any wealthy
person will tell you that. When you are in the presence of a truly and
highly successful and prosperous person, you can feel their calm and
confident presence, a knowing that surrounds them. This is what you
should first build within yourself. And you can do it right now.
Anyone can. Without wealth consciousness, building wealth becomes very
difficult, elusive and erratic. This not a threat, it is a reality.
Wealth starts within and is evidenced outside. Your mind may tell you
"I want money now, so I want to act now, forget the wealth
consciousness bit. I don't have the time or patience for that. Just
show me how to make money and I will". That is what most people say,
and they end up working hard all their lives with little change
happening in tens of years. Life becomes a dull repeating event. You
must build wealth consciousness if you wish to start creating an
exciting and glorious life and stop living a survivor's hard life.
There is no other way. Even people who win lotteries hardly keep their
newly found wealth. Most lottery winners destroy their new wealth
within a year! Why? Because without wealth consciousness, wealth
hardly hangs around.
Step 2
Once you build Wealth Consciousness in yourself, you then create
wealth using the following strategies:
1. Create multiplied independent assets and efforts: Multiply your
efforts and income by having multiple assets that work for you 24
hours a day without needing your further involvement. You can achieve
this right now, no matter where you are.
2. Investment and growth: Take advantage of compound interest. Even
one dollar can grow to a billion dollars at a certain interest rate
and amount of time. You can never have too little to start with. You
shall also see how here.
You should combine both of these two strategies. Have multiple streams
of income and investments that grow well on the long term.
Today, your financial life may be summarized as follows: all or most
of your income from your job goes to your expenses and debts. That
will never create wealth and financial freedom.
Within a few months, you can change it to look like that of a wealthy
person, which is: your income goes to build assets and investments.
These investments and assets grow that income into something bigger
than it was. In this way, your money works for you. The extra cash is
then used to pay for your expenses and build more income streams. So,
you never work for expenses and liabilities, for that will never
release you. Instead you work for assets. Then the assets work for
your expenses, leaving you free to do as you wish and to create more
assets and income streams.
Multiple Sources of Income
A very important and fundamental key to wealth is multiple sources of
income. Build multiple sources of income for your life. Multiple
sources of income are your key to financial freedom. They are a
manifestation of your dynamic, free and multidimensional nature.
More accurately, make sure that each income stream is a business and
not a job. A job is something that requires you to be there for it so
that it can make money for you. A business is something that once set
up, does not need you to be there to keep going or growing. A job
needs you, a business does not - that is the difference. Some
businesses are actually jobs. You may own a business that is a job for
you. It needs you to tend to it; without your constant attention, it
falls. Jobs take your time and freedom; businesses give you time and
freedom. A person with multiple streams of income from multiple
businesses ends up with free time that he or she can use to live well
and to launch more businesses if need be. Jobs never allow such
liberties of free time to diversify and be free to enjoy other aspects
of life.
So, have multiple sources of income, but ensure each source is
independent of you and has been built to do well without your constant
attention. If your multiple streams of income are jobs and not
businesses, they will literally drain your life, take away your
freedom, and kill you slowly. Choose well. Love your work, but set it
up so that you can be free to choose when and where to work, or to
take time off for other aspects of life.
Remember, have multiple steams of income that do not need you to be
present for them to keep producing. To have multiple sources of
income, simply desire it to be so, make it part of your goals,
visualize and start buying books, magazines and talking to people
about it. The right businesses, investments and sources will then
simply start coming to you. And always keep wise counsel. For
everything, have a person who is of wealth consciousness and of
specialization in that area to advise and counsel you. Learn also to
trust your feelings but not your emotions. Follow your desires, but
maintain detachment. The fruits lie within the reaching into the
unknown, not only in attaining the goal. The reaching is the key, the
thrill and the growth. The attaining of the goal is icing on the cake.
It is easy.
Investment and Growth
A major key to building wealth is in making your money work for you,
instead of you working for your money. If you work for five days in a
week and spend all your income without investing any of it, you will
have forever lost those five days of work. Forever. Wealthy people
take a portion of the income from each day and put it into investments
that grow on their own, automatically and without any further work,
over a long-term period. That way, a portion of each day that you work
for money ends up working back for you for many years to come. That is
a major key to wealth, getting a percentage of your income every day
to work back for you without your intervention.
You do this by taking at least 10% of your daily income before taxes
and bills, and putting that into a long-term investment for a minimum
of about three years.
Good investments include stocks, mutual funds, certain types of bank
accounts that have high and above-inflation interest rates, real
estate investment vehicles, bonds, royalty-producing assets,
self-maintaining businesses, and so on. These investments do not
require you to work for your money. You simply invest, walk away, and
your money grows all on its own.
Even one dollar can turn into a million dollars in a certain amount of
years at a certain compound interest rate. One dollar, just one
dollar, can grow into a million dollars all on its own without your
intervention. You would be pleasantly surprised to know that a single
dollar placed into an investment that grows at 20% a year will become
$1 million in 75 years. That is just one dollar! All you would need to
do is leave it alone, go away, go to sleep for 75 years, just leave it
alone. When you return it will be $1 million without any effort from
you, other than your placing that single dollar at the beginning!
Now, if instead you put in a dollar every single day into the same 20%
a year growth investment, you would end up with $1 million in 32 years
instead of 75. In fact, a dollar a day would become $1 billion in 66
years at a 20% a year growth rate. A higher interest rate would
dramatically shorten that time.
This shows you that you can never have too little to start with.
Whatever your income today, force yourself into the habit of investing
10% of your income before you pay bills or taxes or anything else. Pay
yourself first - it is your money and your life. And it gets even
better. The 1990s was an era where stocks rose phenomenally. In the
1990s decade, over 200 stocks rose by 1000%, some by up to 20,000%.
Many fell again in 2001 but on the long-term, all good companies
always rebound to even higher heights. People in the 90s invested
various amounts and found themselves wealthier for that. Some invested
just $50 a week, and if that was their 10%, that was good enough. It
grew. Others invested more. $10,000 invested just once at the
beginning of 1990 in certain stocks turned out to be valued at around
$5 million by the end of the 90s. Others turned a few million dollars
into well over one billion in the same period. All this wealth growth
happened without any extra effort except putting money away into the
investment.
These people were not doing anything secret - they were investing in
publicly available investments. They were investing in well- selected
shares in the stock market - and anyone can do this. You can do it as
well starting now. Just remember, choose your investments well, invest
consistently, and put 10% aside from every single paycheck or income.
Consistency is the key. Compound interest will always work for you
without asking anything from you. Your only part is to be consistent,
to choose good investments, and to stay put on the long term.
Short-term investing usually does not earn as much as long-term
investing and it is usually a lot riskier.
As you can see, there isnÕt much to it. It is all in the inside job
and the outside execution. You can do both of these starting today. No
one is in a position whereby they are unable to do anything. There is
nothing you cannot be, do or have, because it all starts within you
and nothing outside you can stop you. As Henry Ford once said,
"Whether you think you can or you canÕt, either way you are right."
----Article written by David Cameron, CEO ImagesOfOne.com, author of
Raising Humans and A Happy Pocket Full of Money, and developer of the
Prova LifeGoals Effortless Achiever+ and Prova LifeMap Numerology
software. These and titles such as Think and Grow Rich, As A Man
Thinketh, and more are available for download at
http://www.ImagesOfOne.com.
*****
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Your Success And Prosperity Secrets
Posted by Bianglim at 7:04 AM
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