Mark Victor Hansen, co-author of the Chicken Soup for the Soul series, is quoted as saying “money never starts an idea; it's the idea that starts the money”.
I have found time and time again that this holds true for every successful person I meet. People that make a lot of money seem to start out with an idea first. So you need to be honest with yourself and assess your current situation.
If you barely get by then be honest and admit this to yourself. By owning up to your current situation, it will help place you on the right track. If one does not know his or her starting point, then how could he or she possibly arrive at the appointed destination?
Next, you should spend some time thinking about your future and ways to obtain or manifest it. For a long time, I did not realize how much thought must be placed on obtaining wealth and, of course, keeping that wealth. I was doing the exact opposite. I did not want to get involved in the details of sorting it all out. I just wanted to make money and make money fast.
That is the difference between the “haves” and the “have nots”. The “haves” will spend the same amount of time preparing their minds for wealth as they do generating that wealth. The “have nots” do just the opposite. They want fast answers and fast results. And that’s exactly what they get, a fast “no”.
No dedication and no preparation means no money!
Think of preparing your mind as the greatest responsibility you have. What I mean by this is see your mind as your most important tool. And with this tool you can achieve anything you can imagine and more. You would go to great lengths protecting your most important tool, right? Of course you would. You would nurture and protect it and invest in it to make it worth even more.
Another way to say this is you should only spend time on the things that will develop your mind to get the most return humanly possible. Your mind is your money machine. I will help you to take cash out any time you are ready. The only catch is you must make the deposits now. And of course, the difference is, the deposits consist of positive belief, positive attitude, and positive action consistently.
Make no mistake about it... ALL of these will help improve your results for positive cash flow.
Have you ever had an occurrence where you thought about someone you had not seen in years and then suddenly you see them out somewhere? This is a true test of just how powerful your mind really is. Just imagine… we barely skim the surface of the magnificent power of our mind in a lifetime.
I realize all of this may sound good but you still have to deal with the fact that negativity may show its face more often than not. Hopefully you believe that there was a reason that this article found you when it did. It is my strong belief that this article found you because you have been chosen to take yourself, your family and friends to a new level of wealth accumulation.
This wealth accumulation will not come without a fight. You are going to have to fight the thoughts of negativity. It is only those who win this fight that go on to obtain fantastic financial wealth. I challenge you to knockout negativity with positive words, phrases and actions.
If you are like me you will have to settle it in your mind that you can not fail. You may get off course but you can not fail if you believe this for yourself. Develop a mindset that you are a success. The moment you decide to become a success then you are a success. Now you must show everyone that you are a success and how they can become a success too.
Finally, remember it is the idea that starts wealth accumulation. Decide right now that you will do whatever it takes to prepare your mind to funnel tens and even hundreds of thousands of dollars to you.
To learn how more and more people are taking advantage of breaking the wealth code click here: Wealth Code or visit www.wealthcodebreaker.com.
© Copyright David D. Wells. All rights reserved. You are welcome to forward the entire Article to anyone interested as long as it is not edited in anyway and includes the Resource Box.
David D. Wells is a superstar trader and bestselling author. Let him show you how fortunes are made in the 21st century. Subscribe to his free newsletter at http://www.themoneymotivator.com
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Thursday, August 21, 2008
Monday, August 18, 2008
Optimising your limited Time
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To everything there is a season, and a time for every purpose under the heaven " (Ecclesiastes 3 Vs. 1).
Are you always busy, yet never seems to get anything tangible or worthwhile accomplished? Are you caught up with rushing to work in the morning and hurrying back home in the evening without making any head way in your career?
If so, you need to start making effective plans and stick to it. I discovered that many people have great ideas, that , if well carried out, will impact the would positively and above all, benefit them financially. But somehow, because of lack of courage and concentration couple with inadequate planning, they never get anything tangible accomplished throughout their active lifetime. A lot of people are filled with potential for greatness, but how many maximize their potentials?
You can maximize your time worth with effective utilization of your time to impact your world. Life is all about adding value to other people’s lives. The person that wants to be great must create time to demonstrate his love to humanity by doing what he loves to do to improve the lot of others.
Time is life, it is irreversible. To waste your time therefore is to waste your life, but to master your time is to master your life and make the must out of it. People need to put more thinking into what they do, so that they can work less hard but more effectively and efficiently at the same time having fun. To optimally utilize your time you must be a good planer. You also need to put time and effort into refining your plans.
There is no such thing as lack of time. Our problem is lack of direction. Everybody have a maximum of twenty fours everyday. All you need to do is to create time for your self on most important thinks you need to accomplish. Anything that is not of priority can be done after accomplishing the most important ones or they can be delegated. To effectively control your time and avoid procrastination you need to avoid drifts and distractions. Make a firm decision and stay on it. However, if you are (suddenly) inspired on a better method of achieving your aim, don’t heisted to adopt it, be flexible.
The challenge however with humanity is, our time seems to be limited but our imagination is unlimited. For "man" is thinking being and continually he thinks. Therefore, we need to spend more time on the most imaginative and realistic decisions we have made. Our thought must be guided in the direction of our greatest heart desires. And we must continue to work our thoughts. That is how to be successful.
Tuesday, August 12, 2008
The Wisdom Power of Innovation
There is no better sight than a young optimist"
------Anonymous
However successful your business is today, your success might become outdated unless you are continuously innovative. However unsuccessful, you might be today you can still become very successful, if you will be innovative. Mastering the art of innovation is the secret to remain perpetually at the top of the success ladder. Have you ever wondered why many big institutions that were front runners in their industries or fields thirty to forty years ago have lost their positions on most indices to the new ones that started the race within the last twenty years? The former reused to innovate but the later embraced the art and science of innovation.
What is innovation? It simply means to make necessary changes, to introduce new ideas, method, systems and techniques of increasing proficiency, effectiveness and efficiency. To become successful in business ( or in anything ), you only need to improve your systems, introduce a better ideas than your competitors and continuously surpass your clients expectations. All these are innovations.
You can only be innovative if you have aspiration to reach the summit of your career. Aspiration is a product of genuine thirst and desire to leave a lasting legacy behind. Anyone who doses not aspire to bequeath a "standing" legacy behind has not discovered his purpose in life or he does not have the required willpower to strive for greatness.
You need to aspire in that your line of business endeavour to be the best. Then pursue your aspirations. To sustain the tempo of your aspiration, you must keep bringing out innovative solutions to get more done at the shortest possible time. if you want to be ahead, you must use your head to think ahead.
Innovation is the greatest secret of all human advancement. Innovation is power. You cannot continue to do as you are doing and expect changes. That means you cannot continue to be at the top if you are not innovator. If you can out-think your competitor you will remain on top of them all.
Aspiration is the starting point of innovation. Aspiring individuals and not necessarily talented Individuals are always making impact. That is why people with great minds are respected all over the world. They bring out newer methods, cheaper and more efficient ways of getting thing done. Where you now might be good, but there is still a better place. Even if you are the number one in your organization or institution, you can still do something new, if you aspire enough. it is the atmosphere of aspiration that breeds innovation.
Despite what was perceived as obvious disadvantage even among African Americans, Barack Obama today is the top contender for the United State presidency because of his aspiration to bring about innovative changes to American life. The message of Obama is the message of change, and the introduction of positive changes is the art of innovation.
It is important to note that divine inspiration is the basis of every genuine aspiration. Whenever you are truly inspired, you will aspire. The aim of this write-up is to aspire you for greater advancement in your career or business endeavour. You can be inspired if you separate yourself to ponder on the facts you read in this piece.
What are your aspirations in life? What legacy do you want to bequeath to the next generation? As for me I want to motivate you that the sky is not even your limit, you are limitless! You can achieve all your aspirations. Jesus did. Apostle Paul did, Nelson Mandela Did, and Martin Luther did after his demise. Abraham Lincoln struggled in the midst of great challenges to become a president. Obama can. Great achievement is the product of successful aspiration.
There is no obstacle strong enough to stop you if you can be truly inspired to aspire for greatness. It is only you who can stop yourself. The force that is urging you to aspire is the God-factor. Therefore, can anyone stop the manifestation of God in your life?
To be gainfully employed is not all there is to life. Why not start that project and ultimately own your own company, whereby, your entire bills are borne by your corporation? There is an obvious and unique skills yearning for expression in you. You must impart that your gift to the world. You must grow beyond your present level.
The factor for innovation
The God-factor that is demonstrated in your attitude, summed up, as a product of inspiration and demonstrated in determination, focus, faith and persistence is the wisdom for innovation.
1 Determination means you have made up your mind you must succeed. Determination alone is omnipotent. It is stronger that ability or strength. Have you ever considered the high level of determination exhibited by the young ruddy David to have brought down Goliath? David was so determined despite his little physical stature compared to his foe, yet he ran towards the Giant and conquered him (1 Samuel 17 vs. 51).
2 Focus. If you know were you are going in this life, your problem is half solved. If your destination is clear enough, your focus will be strong enough to get you there. Focus is simply to concentrate your intellectual acumen to the achievement of your goal. The force of focus is the pathway to distinction. George S. Patton (1885-1945) demonstrated immense focus and determination from his youth to become a General of the United State army.
3. Faith. The demonstration of faith simply means your strong conviction that despite contrary situations and obvious challenges, you are still convinced beyond reasonable doubt that you will succeed in that project and get to the top where you belong. At a time when the world was skeptical about flying: the unwavering faith of the Wright Brothers enabled them invented the airplane in 1903.
4. Persistence means to keep on keeping on. It means to keep working it until it works. It means to tune your back to failure and criticism to face your calling squarely. I see you making it as you properly combine these factors.
------Anonymous
However successful your business is today, your success might become outdated unless you are continuously innovative. However unsuccessful, you might be today you can still become very successful, if you will be innovative. Mastering the art of innovation is the secret to remain perpetually at the top of the success ladder. Have you ever wondered why many big institutions that were front runners in their industries or fields thirty to forty years ago have lost their positions on most indices to the new ones that started the race within the last twenty years? The former reused to innovate but the later embraced the art and science of innovation.
What is innovation? It simply means to make necessary changes, to introduce new ideas, method, systems and techniques of increasing proficiency, effectiveness and efficiency. To become successful in business ( or in anything ), you only need to improve your systems, introduce a better ideas than your competitors and continuously surpass your clients expectations. All these are innovations.
You can only be innovative if you have aspiration to reach the summit of your career. Aspiration is a product of genuine thirst and desire to leave a lasting legacy behind. Anyone who doses not aspire to bequeath a "standing" legacy behind has not discovered his purpose in life or he does not have the required willpower to strive for greatness.
You need to aspire in that your line of business endeavour to be the best. Then pursue your aspirations. To sustain the tempo of your aspiration, you must keep bringing out innovative solutions to get more done at the shortest possible time. if you want to be ahead, you must use your head to think ahead.
Innovation is the greatest secret of all human advancement. Innovation is power. You cannot continue to do as you are doing and expect changes. That means you cannot continue to be at the top if you are not innovator. If you can out-think your competitor you will remain on top of them all.
Aspiration is the starting point of innovation. Aspiring individuals and not necessarily talented Individuals are always making impact. That is why people with great minds are respected all over the world. They bring out newer methods, cheaper and more efficient ways of getting thing done. Where you now might be good, but there is still a better place. Even if you are the number one in your organization or institution, you can still do something new, if you aspire enough. it is the atmosphere of aspiration that breeds innovation.
Despite what was perceived as obvious disadvantage even among African Americans, Barack Obama today is the top contender for the United State presidency because of his aspiration to bring about innovative changes to American life. The message of Obama is the message of change, and the introduction of positive changes is the art of innovation.
It is important to note that divine inspiration is the basis of every genuine aspiration. Whenever you are truly inspired, you will aspire. The aim of this write-up is to aspire you for greater advancement in your career or business endeavour. You can be inspired if you separate yourself to ponder on the facts you read in this piece.
What are your aspirations in life? What legacy do you want to bequeath to the next generation? As for me I want to motivate you that the sky is not even your limit, you are limitless! You can achieve all your aspirations. Jesus did. Apostle Paul did, Nelson Mandela Did, and Martin Luther did after his demise. Abraham Lincoln struggled in the midst of great challenges to become a president. Obama can. Great achievement is the product of successful aspiration.
There is no obstacle strong enough to stop you if you can be truly inspired to aspire for greatness. It is only you who can stop yourself. The force that is urging you to aspire is the God-factor. Therefore, can anyone stop the manifestation of God in your life?
To be gainfully employed is not all there is to life. Why not start that project and ultimately own your own company, whereby, your entire bills are borne by your corporation? There is an obvious and unique skills yearning for expression in you. You must impart that your gift to the world. You must grow beyond your present level.
The factor for innovation
The God-factor that is demonstrated in your attitude, summed up, as a product of inspiration and demonstrated in determination, focus, faith and persistence is the wisdom for innovation.
1 Determination means you have made up your mind you must succeed. Determination alone is omnipotent. It is stronger that ability or strength. Have you ever considered the high level of determination exhibited by the young ruddy David to have brought down Goliath? David was so determined despite his little physical stature compared to his foe, yet he ran towards the Giant and conquered him (1 Samuel 17 vs. 51).
2 Focus. If you know were you are going in this life, your problem is half solved. If your destination is clear enough, your focus will be strong enough to get you there. Focus is simply to concentrate your intellectual acumen to the achievement of your goal. The force of focus is the pathway to distinction. George S. Patton (1885-1945) demonstrated immense focus and determination from his youth to become a General of the United State army.
3. Faith. The demonstration of faith simply means your strong conviction that despite contrary situations and obvious challenges, you are still convinced beyond reasonable doubt that you will succeed in that project and get to the top where you belong. At a time when the world was skeptical about flying: the unwavering faith of the Wright Brothers enabled them invented the airplane in 1903.
4. Persistence means to keep on keeping on. It means to keep working it until it works. It means to tune your back to failure and criticism to face your calling squarely. I see you making it as you properly combine these factors.
Monday, August 11, 2008
Positive Change for Success
"Pray as if everything depend on God and
act as if everything depends on you"----Anonymous
According to Mark Twain; there is no sadder sight than a young pessimist; Pessimistic people are guaranteed a mediocre existence, because of their negative beliefs. Excellence performance stem from possessing the most updated set of positive beliefs. Your set of beliefs or your mindset is a pointer to the direction your life is headed. Whatever seems like a failure around you is most likely to be the result of an action or a set of actions that stem from your beliefs. If you try something and do not get the outcome you want, it’s simply feedback, and it doesn’t mean you have failed, because, every adversity in your life has a seed of an equivalent or greater benefit. So if you can change your beliefs and improve your actions steps you will get a better result. Actually, there is nothing like failure, you only have negative or unsatisfactory results, which is always subject to change, if you dare to persist. New results are products of new and insightful actions.
Success in any field of human endeavor is the ability to keep changing your set of actions in order to achieve a specific result that is consistent with your expectations. It can also be define as the art of insisting on a particular fundamental updated belief through your actions so that you can elicit a pre-determined outcome. Changing actions or improving actions before eliciting the pre-determined results is what scientists termed experimentations. Every scientific theory therefore, is the conclusion derived from experimentations of different alternatives.
Ask yourself what course of actions you have been taking recently without accomplishing your pre-determined objectives? Maybe you need to change that course of action. Chang brings progress. Change brings improvement. Change brings development. Every improvement in life is the result of positive changes, if you are afraid of failure; lean. If you are afraid of poverty; invest. If you are afraid of stagnation; improve your skills. Improvement or positive changes are inevitable, if we must grow.
act as if everything depends on you"----Anonymous
According to Mark Twain; there is no sadder sight than a young pessimist; Pessimistic people are guaranteed a mediocre existence, because of their negative beliefs. Excellence performance stem from possessing the most updated set of positive beliefs. Your set of beliefs or your mindset is a pointer to the direction your life is headed. Whatever seems like a failure around you is most likely to be the result of an action or a set of actions that stem from your beliefs. If you try something and do not get the outcome you want, it’s simply feedback, and it doesn’t mean you have failed, because, every adversity in your life has a seed of an equivalent or greater benefit. So if you can change your beliefs and improve your actions steps you will get a better result. Actually, there is nothing like failure, you only have negative or unsatisfactory results, which is always subject to change, if you dare to persist. New results are products of new and insightful actions.
Success in any field of human endeavor is the ability to keep changing your set of actions in order to achieve a specific result that is consistent with your expectations. It can also be define as the art of insisting on a particular fundamental updated belief through your actions so that you can elicit a pre-determined outcome. Changing actions or improving actions before eliciting the pre-determined results is what scientists termed experimentations. Every scientific theory therefore, is the conclusion derived from experimentations of different alternatives.
Ask yourself what course of actions you have been taking recently without accomplishing your pre-determined objectives? Maybe you need to change that course of action. Chang brings progress. Change brings improvement. Change brings development. Every improvement in life is the result of positive changes, if you are afraid of failure; lean. If you are afraid of poverty; invest. If you are afraid of stagnation; improve your skills. Improvement or positive changes are inevitable, if we must grow.
Change itself is determined by your ability to accept new and larger possibilities. Having an open mind to accept change therefore, is the basis of success. Just as every scientific advancement originates from thoughtful inspiration, which is backed up with corresponding experimentation. So also, change begins from the mind after being inspired on a different course of action. According to Job 32 Vs. 8; "… there is a spirit in man and the inspiration of the Almighty giveth them understanding." I pray that your understanding will open up to the immense benefits of godly inspiration. This blog is also a product of inspiration.
Whenever you are inspired to change your course of action, do not delay. Delayed action is delayed accomplishment. That is why scientist are always experimenting after their thoughts are inspired because; whatever is worth doing, is not only worth doing well but also worth doing quickly. We are in the second half of the year 2008. Review your "new your resolutions" that that were set at the beginning of the year. How far have you accomplished? If your percentage of attainment is low, then you need to change or improve the sets of actions that have produced the low level accomplishments. You need to fine tune your strategies and modify your actions to get a better result before the end of the year.
For instance, if your goal at the beginning of the year is to diversify your investment and increase your portfolio income before the middle of the year and you have just discovered that you are far from achieving it, it could be an indication that you have been spending more than you have been investing. You need to reverse that order, quickly. Quick success demands strong focus. Focus your attention on your goals. The secret of financial success can be summed up as follows; "it is either you are making money or spending money". If you are in the process of outspending your income, then your are already distracted from making money. That is why the money makers (the rich) are getting richer and the money spenders (the poor and the middle class) are getting poorer, by accumulating debts.
You have every opportunity now to change your beliefs, your perspective and your action plan to achieve all your goals and resolutions before the end of this year. Act fast. Be positive minded and improve on your present course of actions, so that you can end the year a proud person. Success is yours for taking.
Saturday, August 9, 2008
Simple Ways to Wealth
“Wealth is simply cash flow from other sources”-Brian Tracy.
If you want be wealthy, you must understand what wealth is. Wealth is simply abundance. It is having more than enough to meet all your needs and at the same time helping others to fulfill their purpose in life. If you are rich and your riches have not been of blessing to anyone except you and your family, then you cannot be referred to as wealthy. Wealth is a more advanced form of riches. It comes to you mostly when you have income coming to you from various sources.
How to become wealthy
Diversify your income base.
Since, we define wealth as cash flow from other sources; there is wisdom to be a multi-product businessman. You need to have various income sources. The danger involved in selling a single product is challenging enough in this part of the world. In order to reduce your business risks diversify your product base.
Diversification in business is simply to vary the range of products and services in order to be more competitive, reduce risk, and to increase income. If you depend on one source of income alone in this economy, you are not prepared to be wealthy.
Make You Money Work for You
You are not wealthy just because you are earning a lot of money every month. You are only wealthy when your money is working for you through your investments. Have you ever wonder what will happen to you, if your employer asks you to resign your paid employment immediately? Will you be able to sustain your present lifestyle? To become wealthy therefore, your main duty is to convert your hard-earned income into investment channels. Never leave your money idle, invest it on something profitable. Fill your mind with genuine and honest money making thoughts. After all, the Bible said “money answereth all things” Ecclesiastes 10 vs. 19b.
Add Value Continually
The key to creating wealth is simply. It is “adding value”. Successful and wealthy people have a peculiar mindset. They are always looking for ways to add value in some way to a person, a company, a product or service. You need to be value driven continuously in whatever you are doing. It is the value that you add that will bring you profit. Some ways to add value is to provide your services faster then your competitors.
Excellent service delivery in whatever business you are in is one key to increase you turnover and consequently your profitability. If you can touch your customer’s heart, you will have a fair share of their pockets. You can also develop your product to the highest standard obtainable in your industry; after all, improvement is a continuous exercise in the business world.
Buy low and sell at a premium
The secret to making money through speculation is to buy low and sell high. This strategy can also be adopted for business gains. Look for the place where the products you are selling are cheapest, without compromising quality. Buy and take them to places where they are scarce and you will be able to sell at a premium.
Improve the life or work of others.
All manufacturing and marketing is based on this principle of added –value.
Performing a service that enhances the life or work of another person add value. A marketer or sales person who introduces a new product or service to a customer in some way is adding value. All financial success, especially business is saying, “Find a need and fill it”.
Moreover, all successful business is based on someone or some people bringing together the factors of production, such as labour, capital, raw materials and management, and creating a product or service that customers will pay price which is excess of the cost of production.
Look for ways to add value to what you are doing everyday in every way. Never be satisfied with the starting point of a great fortune. You will succeed.
Simply ways to wealth ( 2)
Wealth is a product of inspirations and efficient actions.
It is also a product of time and chance.-Anonymous"
According to the late Wallace Wattles, “if you want to be rich; you must not make a study of poverty,” rather, study wealth and how to become wealthy in an honest way. If you want to stay healthy don’t embark on the study of sicknesses and diseases, you only need to concentrate your mind on the things to do, that will make you healthy. The message he passed across before his demise, is that, we only need to concentrate the thoughts of our quest for knowledge on what we intend to accomplish in life, and not what we don’t want.
The problem with must economically challenged people is that they find it hard to think of the kind of life they want to lead and the actions they need to take, because of their financial limitations. However, it is only when you expand your horizon that you can live a fuller and more complete life. When you dwell too much on what you don’t want, because of the unpleasant happenings around you, there is tendency that the status qeo will persist longer than necessary. But, if you strategies with determination to come out of your challenges, you will eventually brake-free. If you can increase your knowledge about wealth and health; the tendency is you will become wealthy and able to stay healthy.
Be thoughtful
You are basically what you think about. The dominating thoughts inside of you are what will manifest outside. You cannot be thinking poverty and expect to be wealthy. Neither can you be thinking wealth and prosperity that is backed up with corresponding efficient actions and remain poor. Thoughts are magnetic. You attract what you think about most of the time, and your actions are results of your imaginations. If you understand this sequence, you will begin to guard your thoughts and watch your imaginations. Remember, it is the positive imaginations of your heart that determine the answer from the Lord. Use your mind to form a clear mental image of the kind of wealth that you what, and hold to the vision with persistent purpose. You need to device a genuine way or ways of how you intend to achieve your financial vision or goal so that it will not remain a day dream. Never allow contrary situations dissuade you from holding on to your financial goals. When you expand your horizon, your situation will eventually change, to conform to your new thinking. That is how development evolves on the earth. Growth and development are products of expanded thinking. Work towards attaining your desire with the believe that you already attaining it and you will be surprise how “infinite intelligence” will help you move further and faster.
The very best think you can do for yourself is to make the most of yourself and be very successful, because your success can inspire others who started the race with you on the same level.
Seek Counsel
The best people to advice you on how to become wealthy are the really wealthy people who made their money in honest ways. If you cannot meet them one on one, study their biographies and look at what they did to break out of poverty and what they are still doing to stay wealthy. Wealth is a product of doing what wealthy people did, and experience is the best teacher in life. According to Richard Templar, wealthy people read the more serious newspapers and the more serious sections. They read the money/business and investments sections first in any newspaper they pick. They are eager to know the latest developments in the money and the capital markets. You need to develop such consciences if you are serious about making money.
The other set of people who can help you plan your finances in your quest to get wealthy are professionals. Some people are trained and knowledgeable about money matters; seek their counsel, but cross check their facts and advice. It is better to seek the opinion of three financial advisers before taking a major decision. By so doing, you are building your financial acumen and soon you will be better informed on how to take the best decision on your investments. The earlier you start doing something serious and positive about your finances, the better for your future. You are not a poor person until you stop trying to become wealthy in an honest way.
Pay-of your debts
Make plans to offset your debts starting with the ones with the highest interest. Then stay out of debt, except if you are borrowing to finance a business or an investment that is most likely to generate income that will cover interest cost and still leave you in the profit zone. Weigh the risk/reward ratio before plunging into debt. Curtail frivolous spending and channel more of your income into profitable investments. Avoid the buy now, pay later syndrome and stay clear of credit cards, unless it is absolutely necessary.
Finally, be disciplined. A disciplined lifestyle is the starting point of a successful financial future. Without a discipline mind, you cannot practice what you have learnt. A disciplined spending pattern is a sign of seriousness to attain wealth.
If you want be wealthy, you must understand what wealth is. Wealth is simply abundance. It is having more than enough to meet all your needs and at the same time helping others to fulfill their purpose in life. If you are rich and your riches have not been of blessing to anyone except you and your family, then you cannot be referred to as wealthy. Wealth is a more advanced form of riches. It comes to you mostly when you have income coming to you from various sources.
How to become wealthy
Diversify your income base.
Since, we define wealth as cash flow from other sources; there is wisdom to be a multi-product businessman. You need to have various income sources. The danger involved in selling a single product is challenging enough in this part of the world. In order to reduce your business risks diversify your product base.
Diversification in business is simply to vary the range of products and services in order to be more competitive, reduce risk, and to increase income. If you depend on one source of income alone in this economy, you are not prepared to be wealthy.
Make You Money Work for You
You are not wealthy just because you are earning a lot of money every month. You are only wealthy when your money is working for you through your investments. Have you ever wonder what will happen to you, if your employer asks you to resign your paid employment immediately? Will you be able to sustain your present lifestyle? To become wealthy therefore, your main duty is to convert your hard-earned income into investment channels. Never leave your money idle, invest it on something profitable. Fill your mind with genuine and honest money making thoughts. After all, the Bible said “money answereth all things” Ecclesiastes 10 vs. 19b.
Add Value Continually
The key to creating wealth is simply. It is “adding value”. Successful and wealthy people have a peculiar mindset. They are always looking for ways to add value in some way to a person, a company, a product or service. You need to be value driven continuously in whatever you are doing. It is the value that you add that will bring you profit. Some ways to add value is to provide your services faster then your competitors.
Excellent service delivery in whatever business you are in is one key to increase you turnover and consequently your profitability. If you can touch your customer’s heart, you will have a fair share of their pockets. You can also develop your product to the highest standard obtainable in your industry; after all, improvement is a continuous exercise in the business world.
Buy low and sell at a premium
The secret to making money through speculation is to buy low and sell high. This strategy can also be adopted for business gains. Look for the place where the products you are selling are cheapest, without compromising quality. Buy and take them to places where they are scarce and you will be able to sell at a premium.
Improve the life or work of others.
All manufacturing and marketing is based on this principle of added –value.
Performing a service that enhances the life or work of another person add value. A marketer or sales person who introduces a new product or service to a customer in some way is adding value. All financial success, especially business is saying, “Find a need and fill it”.
Moreover, all successful business is based on someone or some people bringing together the factors of production, such as labour, capital, raw materials and management, and creating a product or service that customers will pay price which is excess of the cost of production.
Look for ways to add value to what you are doing everyday in every way. Never be satisfied with the starting point of a great fortune. You will succeed.
Simply ways to wealth ( 2)
Wealth is a product of inspirations and efficient actions.
It is also a product of time and chance.-Anonymous"
According to the late Wallace Wattles, “if you want to be rich; you must not make a study of poverty,” rather, study wealth and how to become wealthy in an honest way. If you want to stay healthy don’t embark on the study of sicknesses and diseases, you only need to concentrate your mind on the things to do, that will make you healthy. The message he passed across before his demise, is that, we only need to concentrate the thoughts of our quest for knowledge on what we intend to accomplish in life, and not what we don’t want.
The problem with must economically challenged people is that they find it hard to think of the kind of life they want to lead and the actions they need to take, because of their financial limitations. However, it is only when you expand your horizon that you can live a fuller and more complete life. When you dwell too much on what you don’t want, because of the unpleasant happenings around you, there is tendency that the status qeo will persist longer than necessary. But, if you strategies with determination to come out of your challenges, you will eventually brake-free. If you can increase your knowledge about wealth and health; the tendency is you will become wealthy and able to stay healthy.
Be thoughtful
You are basically what you think about. The dominating thoughts inside of you are what will manifest outside. You cannot be thinking poverty and expect to be wealthy. Neither can you be thinking wealth and prosperity that is backed up with corresponding efficient actions and remain poor. Thoughts are magnetic. You attract what you think about most of the time, and your actions are results of your imaginations. If you understand this sequence, you will begin to guard your thoughts and watch your imaginations. Remember, it is the positive imaginations of your heart that determine the answer from the Lord. Use your mind to form a clear mental image of the kind of wealth that you what, and hold to the vision with persistent purpose. You need to device a genuine way or ways of how you intend to achieve your financial vision or goal so that it will not remain a day dream. Never allow contrary situations dissuade you from holding on to your financial goals. When you expand your horizon, your situation will eventually change, to conform to your new thinking. That is how development evolves on the earth. Growth and development are products of expanded thinking. Work towards attaining your desire with the believe that you already attaining it and you will be surprise how “infinite intelligence” will help you move further and faster.
The very best think you can do for yourself is to make the most of yourself and be very successful, because your success can inspire others who started the race with you on the same level.
Seek Counsel
The best people to advice you on how to become wealthy are the really wealthy people who made their money in honest ways. If you cannot meet them one on one, study their biographies and look at what they did to break out of poverty and what they are still doing to stay wealthy. Wealth is a product of doing what wealthy people did, and experience is the best teacher in life. According to Richard Templar, wealthy people read the more serious newspapers and the more serious sections. They read the money/business and investments sections first in any newspaper they pick. They are eager to know the latest developments in the money and the capital markets. You need to develop such consciences if you are serious about making money.
The other set of people who can help you plan your finances in your quest to get wealthy are professionals. Some people are trained and knowledgeable about money matters; seek their counsel, but cross check their facts and advice. It is better to seek the opinion of three financial advisers before taking a major decision. By so doing, you are building your financial acumen and soon you will be better informed on how to take the best decision on your investments. The earlier you start doing something serious and positive about your finances, the better for your future. You are not a poor person until you stop trying to become wealthy in an honest way.
Pay-of your debts
Make plans to offset your debts starting with the ones with the highest interest. Then stay out of debt, except if you are borrowing to finance a business or an investment that is most likely to generate income that will cover interest cost and still leave you in the profit zone. Weigh the risk/reward ratio before plunging into debt. Curtail frivolous spending and channel more of your income into profitable investments. Avoid the buy now, pay later syndrome and stay clear of credit cards, unless it is absolutely necessary.
Finally, be disciplined. A disciplined lifestyle is the starting point of a successful financial future. Without a discipline mind, you cannot practice what you have learnt. A disciplined spending pattern is a sign of seriousness to attain wealth.
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