WEALTH CREATION PRICIPLES
WEALTH CREATION PRICIPLES
So, why are some people wealthy and others not?
My research has shown that attaining wealth has nothing to do with luck, education or intelligence. The truth is that wealthy people understand the principles of accumulating wealth and simply put them into action. I cover all of the principles in my book Empowered for the New Era, but here I’ve outlined five key lessons. By following all the principles of wealth, your life will change and you will generate wealth.
These five lessons are very simple; however, they require courage and commitment for change to manifest, particularly in the ways you think and behave toward money.
Lesson 1: Choose To Be Wealthy
Like most things in life, wealth begins with a decision. Today you can choose to build wealth. Write down a “wealth affirmation” and make it clearly visible so you look at it every day. Your conscious decision to create wealth is the beginning of change - the moment you made the decision, your consciousness automatically starts working to create that reality.
Lesson 2: Be Responsible with Money
If you don't control your money, money will control you! Controlling money simply means taking responsibility for what you have. You need to know where your money comes from, how much you have/earn and where it’s going. Take time to write these three aspects down – be precise. Assess your emotions while you discover what your money is doing. It’s easy to take responsibility and make your money work for you when you know you’ll feel good.
Lesson 3: Save a Percentage
Wealthy people use the “pay myself first” principle before paying others. They usually take 20% from their earnings and bank it or invest it in a separate account every payday. This money is never touched unless an absolute emergency arises. These untouched savings accounts earn compound interest (interest on interest) and their money keeps increasing.
Lesson 4: Adopt a Winner’s Attitude
Winners always strive to increase their income and reduce their costs. You can quickly reduce the amount of money you spend by asking yourself “Do I really need that?” before buying something. You could take public transport occasionally instead of driving or consider car pooling. Reduce food waste by planning meals and buying only the ingredients required – avoid buying all the extra temptations in the supermarket! By replacing the common (destructive) thought that “Consuming is a necessary part of life” with something that is constructive like “As I simplify, I beautify” you’re adopting a winner’s attitude of “win-win” i.e. you win and earth wins! I guarantee possessions will not make you happy.
Lesson 5: Give and Receive
I’m sure we’d all like to live in a society where everyone has enough, is taken care of and supports one another. Unfortunately we don’t live in a society like that, so there are many who do not have enough, are not taken care of and do not support others. Most people focus only on themselves; hence millions starve to death, live in poverty and are neglected. Giving freely of our time, money and resources to those less fortunate contributes immensely to society and is our guarantee of receiving love, joy and peace. If everyone contributed in this way abundance would be commonplace.
Remember: Giving is love in action.
WEALTH CREATION PRICIPLES - To learn more about this author, visit Vanessa J. Bonnette's Website.
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One of the biggest hurdles to overcome in life is our thoughts about wealth and money. In fact, there is currently a financial crisis at hand. Factors relating to this crisis are: household spending is at a record high, personal debt is increasing, personal bankruptcies have doubled in the last decade and never before in history have people had so much “stuff” yet so little satisfaction! People spend money they haven't even earned and buy things they don't need, often spending just to keep up with the latest fads of their friends, relatives or neighbours. Consequently, with all this spending, a few are getting richer whilst most are getting poorer. Despite that there are more millionaires, billionaires and trillionaires existing on earth!
So, why are some people wealthy and others not?
My research has shown that attaining wealth has nothing to do with luck, education or intelligence. The truth is that wealthy people understand the principles of accumulating wealth and simply put them into action. I cover all of the principles in my book Empowered for the New Era, but here I’ve outlined five key lessons. By following all the principles of wealth, your life will change and you will generate wealth.
These five lessons are very simple; however, they require courage and commitment for change to manifest, particularly in the ways you think and behave toward money.
Lesson 1: Choose To Be Wealthy
Like most things in life, wealth begins with a decision. Today you can choose to build wealth. Write down a “wealth affirmation” and make it clearly visible so you look at it every day. Your conscious decision to create wealth is the beginning of change - the moment you made the decision, your consciousness automatically starts working to create that reality.
Lesson 2: Be Responsible with Money
If you don't control your money, money will control you! Controlling money simply means taking responsibility for what you have. You need to know where your money comes from, how much you have/earn and where it’s going. Take time to write these three aspects down – be precise. Assess your emotions while you discover what your money is doing. It’s easy to take responsibility and make your money work for you when you know you’ll feel good.
Lesson 3: Save a Percentage
Wealthy people use the “pay myself first” principle before paying others. They usually take 20% from their earnings and bank it or invest it in a separate account every payday. This money is never touched unless an absolute emergency arises. These untouched savings accounts earn compound interest (interest on interest) and their money keeps increasing.
Lesson 4: Adopt a Winner’s Attitude
Winners always strive to increase their income and reduce their costs. You can quickly reduce the amount of money you spend by asking yourself “Do I really need that?” before buying something. You could take public transport occasionally instead of driving or consider car pooling. Reduce food waste by planning meals and buying only the ingredients required – avoid buying all the extra temptations in the supermarket! By replacing the common (destructive) thought that “Consuming is a necessary part of life” with something that is constructive like “As I simplify, I beautify” you’re adopting a winner’s attitude of “win-win” i.e. you win and earth wins! I guarantee possessions will not make you happy.
Lesson 5: Give and Receive
I’m sure we’d all like to live in a society where everyone has enough, is taken care of and supports one another. Unfortunately we don’t live in a society like that, so there are many who do not have enough, are not taken care of and do not support others. Most people focus only on themselves; hence millions starve to death, live in poverty and are neglected. Giving freely of our time, money and resources to those less fortunate contributes immensely to society and is our guarantee of receiving love, joy and peace. If everyone contributed in this way abundance would be commonplace.
Remember: Giving is love in action.
WEALTH CREATION PRICIPLES - To learn more about this author, visit Vanessa J. Bonnette's Website.
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Kim CastleWith nearly two decades in the advertising and design business, with clients like Domino's Pizza, General Motors, Direct TV, Pedigree, Wolfgang Puck, Higher Octave Music, Hollywood Celebrity Products, Disney, and Paramount, as well as thousands of entrepreneurs around the world define, structure, communicate, and position their business for greater profits, BrandU(R) co-creators Kim Castle and W. Vito Montone discovered that entrepreneurs could experience the same power that big brands command for a fraction of the cost with the world's only process-based results-drive Integral approach to business creation. BrandU(R) is helping entrepreneurs grow with the power of extreme clarity from idea...to brand...to market(TM) and helping one million entrepreneurs become successful and whole so that they can make a difference in the world. Are you one of them? If you want to experience clarity all the way to the bank(TM), get started now at http://www.brandu.com. - Visit Kim Castle's Website |
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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