When asked, most people would admit that they would like to be wealthy. Money provides security and the ability to experience life to its fullest. In light of this fact, it might be surprising that most people lack a plan for becoming wealthy and escaping the confines of a cubicle and fluorescent lighting.
The dream of becoming wealthy involves creating wealth, saving and investing. All three of these aspects of controlling your money needs to be present in your life. If one of them is out of balance or not working then your entire plan won't work. If there's no money then there's no savings. With no savings there's no way to invest. Creating that wealth and capitol needs to be your first step and your primary goal. Staying focused and remembering this can be difficult but keep this in mind and things will begin to change.
Building wealth and creating money out of thin air might sound like a dream but this is going to be your first step. There is a very good chance that you have knowledge or a burning desire that draws you in one direction. It might be a hobby or interest or a natural knack for something. You have an inborn skill that once it is cultivated can and will be used to provide value to others. Perhaps there is something that comes naturally to you. There is a topic or area that you have a natural ability for that you can use to solve a common problem that people have.
If you're currently working a full time job then there's a good chance that you're making someone else wealthy. Spend some time thinking about what skills you have or interests that you have that you wish you could focus on. What would you love to do? What would you surround yourself with and delve into every day with passion? Maybe you love fishing and you're good at it. Have you thought of becoming a fishing guide or writing a book about fishing? Perhaps stocks and investing interests you but you're stuck in a job where you are too busy programming widgets to learn more about stocks. Educate yourself and become proficient in picking stocks and turn a small bankroll into enough savings so you can trade stock full time.
Time and managing time is always a problem. Once you get moving down the path to wealth, you will find that there simply aren't enough hours in the day to get everything done that you wish to get done. Freeing up some of that time by hiring someone to take care of the more mundane tasks that you dread is an investment in your future. If you could be accomplishing a task that will make you money and you can hire someone to cut your grass or clean your house for less money then you are turning a profit. Unskilled labor is very inexpensive and while you can't outsource your laundry overseas, you can find someone locally who would be happy to make a few extra dollars a week for helping you.
Now, if you are someone that has a difficult time with controlling these aspects of your life then you have two choices. You can either let it go completely or you can tell yourself that this arrangement is only temporary. If you become stressed because the person you hire to clean the house doesn't put the glasses in the cabinet the way you like, you can either ask them to do it differently or you can simply deal with it. If the boy that you hire to cut the grass misses a few spots, you can tell yourself that there will come a day when you will be able to hire professionals to come and do your landscaping. Try to put a positive spin on all of this and understand that all of this is for your own good. Forget about these little things in life and concentrate on creating wealth.
You have probably heard the saying that you shouldn't keep all of your eggs in one basket. This is very true when it comes to investing and building wealth. You should have different projects going on in your life that will bring you wealth. You might only be minimally involved with one or two of them but having a shareholder's stake in a few different ventures is just good business. You will always gravitate towards one project but having a mastermind or small investment group that you're part of can diversify your income while minimizing risk.
For instance, let's say that you are great at the stock market. Meanwhile, you have a friend that loves writing computer code. Your friend also has a brother who is a carpenter. Together, the three of you could have three separate businesses or opportunities going on at the same time. All three could be connected and you could all help each other, share expenses and share the profits thus diversifying your wealth, income and limiting the risk to all three of you. You might even have an idea right now of a couple of people that you would like to partner up with. Let your mind run and think of the possibilities.
Breaking down something such as creating wealth into bite size pieces can help you to realize your dream of being financially independent more quickly and easily. Focusing on the skills and interests that you already have while managing your time to maximize your profits and limiting your risk by being a part of different ventures is the way to true wealth. Never give up on your dream. It might be difficult during the early days or even a little frightening but this is exactly how many of the world's wealthiest people got to where they are today.
The dream of becoming wealthy involves creating wealth, saving and investing. All three of these aspects of controlling your money needs to be present in your life. If one of them is out of balance or not working then your entire plan won't work. If there's no money then there's no savings. With no savings there's no way to invest. Creating that wealth and capitol needs to be your first step and your primary goal. Staying focused and remembering this can be difficult but keep this in mind and things will begin to change.
Building wealth and creating money out of thin air might sound like a dream but this is going to be your first step. There is a very good chance that you have knowledge or a burning desire that draws you in one direction. It might be a hobby or interest or a natural knack for something. You have an inborn skill that once it is cultivated can and will be used to provide value to others. Perhaps there is something that comes naturally to you. There is a topic or area that you have a natural ability for that you can use to solve a common problem that people have.
If you're currently working a full time job then there's a good chance that you're making someone else wealthy. Spend some time thinking about what skills you have or interests that you have that you wish you could focus on. What would you love to do? What would you surround yourself with and delve into every day with passion? Maybe you love fishing and you're good at it. Have you thought of becoming a fishing guide or writing a book about fishing? Perhaps stocks and investing interests you but you're stuck in a job where you are too busy programming widgets to learn more about stocks. Educate yourself and become proficient in picking stocks and turn a small bankroll into enough savings so you can trade stock full time.
Time and managing time is always a problem. Once you get moving down the path to wealth, you will find that there simply aren't enough hours in the day to get everything done that you wish to get done. Freeing up some of that time by hiring someone to take care of the more mundane tasks that you dread is an investment in your future. If you could be accomplishing a task that will make you money and you can hire someone to cut your grass or clean your house for less money then you are turning a profit. Unskilled labor is very inexpensive and while you can't outsource your laundry overseas, you can find someone locally who would be happy to make a few extra dollars a week for helping you.
Now, if you are someone that has a difficult time with controlling these aspects of your life then you have two choices. You can either let it go completely or you can tell yourself that this arrangement is only temporary. If you become stressed because the person you hire to clean the house doesn't put the glasses in the cabinet the way you like, you can either ask them to do it differently or you can simply deal with it. If the boy that you hire to cut the grass misses a few spots, you can tell yourself that there will come a day when you will be able to hire professionals to come and do your landscaping. Try to put a positive spin on all of this and understand that all of this is for your own good. Forget about these little things in life and concentrate on creating wealth.
You have probably heard the saying that you shouldn't keep all of your eggs in one basket. This is very true when it comes to investing and building wealth. You should have different projects going on in your life that will bring you wealth. You might only be minimally involved with one or two of them but having a shareholder's stake in a few different ventures is just good business. You will always gravitate towards one project but having a mastermind or small investment group that you're part of can diversify your income while minimizing risk.
For instance, let's say that you are great at the stock market. Meanwhile, you have a friend that loves writing computer code. Your friend also has a brother who is a carpenter. Together, the three of you could have three separate businesses or opportunities going on at the same time. All three could be connected and you could all help each other, share expenses and share the profits thus diversifying your wealth, income and limiting the risk to all three of you. You might even have an idea right now of a couple of people that you would like to partner up with. Let your mind run and think of the possibilities.
Breaking down something such as creating wealth into bite size pieces can help you to realize your dream of being financially independent more quickly and easily. Focusing on the skills and interests that you already have while managing your time to maximize your profits and limiting your risk by being a part of different ventures is the way to true wealth. Never give up on your dream. It might be difficult during the early days or even a little frightening but this is exactly how many of the world's wealthiest people got to where they are today.
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