Article by Auscause
It is not what you make, but how much you keep – “Wealth Building 101”
February 4, 2012 by
Article by Jamie D. Grant
Are you tired of working long hours, and sacrificing to have nothing to show for it? If you do not have a plan for your money, someone else will. Wealth building is not a fast process. In order to have and keep wealth you must understand the process of building wealth. Wealth is the value of assets, either physical or intellectual, that can be passed on through your generations. I was at the barbershop, Fair Deal’s, on E Berry in the late 80’s. One of the barbers said to a customer, “you have been working for 25 years, and you have nothing to show for it, but a broken up old body.” The customer laughed as he walked out the door. I knew him through the neighborhood, and knew over the last 25 years he had bought 10 homes and numerous vacant lots all over the city. No one knew he had accumulated wealth until after he died. The biggest tragedy was he never taught his four children the process of wealth building. The children sold it all upon his death. Sound familiar? This is why wealth is intellectual as well as physical. We all know or have heard of stories such as this. This is why I am creating THE BLUE PRINT to Wealth Building. Not just African American families, but other Americans as well, have a history of wealth building through business and land ownership, and intellectual capital. It is time for it to become a way of life again, through sharing ideas and sharing resources and taking action on our dreams. Living it every day out loud.BLUE PRINT of Wealth Building: Phase 1HAVE A PASSION THAT IS WORTH YOUR BEST EFFORTS Have no fear when it comes to realizing your dreams. Whatever you dream is, it can become reality faster than you think. Once you come to grips with the fact that it is your dream, and not anyone else’s (i.e.: your dream killers) it will come faster. 1) Decide to do it, 2) Plan how to get there, 3) Take Action on your plan, 4) Stay Focused. You may say I make it sound too easy. It is not! You have to believe in you, and give it your best efforts every day. LIVE IT through YOUR everyday life; not by watching others live your dreams. IDENTIFY WHAT HANDS ARE CATCHING YOUR MONEY BEFORE IT HITS YOUR POCKETS In order for you to build physical wealth you have to know who or what is taking it away. Some of the hands we can’t avoid such as cost of food, the mortgage, taxes, and health care costs. You have at least three hands reaching at your money. Identify the hands and prioritize them according to your dream.Hand 1- Wealth Building – The money that goes into investing in your dream. Investing in your saving accounts, retirement plan, real estate, higher education, or small business.Hand 2- Responsibilities – Anything that can go on your credit report if not paid. Children do not go on your credit, but they are a privilege and a responsibility. Mortgages, rent, car payments, cell phone bills, child support are responsibilities you must pay.Hand 3- Wants – Are the icing on the cake. The vacations, the cars, and clothes are great. Life is short, so live it and enjoy it. But do not make your wants your number priority. There is nothing like a well-dressed, but broke person.INVEST INTO WHAT YOU UNDERSTAND AND WHAT YOU CAN COMMITT TO Do your research on any investment you put your money in to. Investments are more than stocks and mutual funds. Going back to school is an investment. The background research you do will make you more confident of your choices. Believe me any person making an investment presentation will be ready for you and your questions. The best investments are the ones you understand. Consider these tips as rules of thumb before investing your money. Know how the investment makes moneyKnow how you make moneyKnow your exit strategy (cost, time restraints)Know how much it will cost you Know the history of performance, lawsuits, etc.Know your decision to commit to this for the full time frame required to see growthIn the following weeks I will continue adding to the BLUE PRINT of Wealth Building. This approach may or may not work for you. Explore your options and start the dialogue of wealth building. You may be amazed of what will happen once you make it a priority.Market Blurb
One of the most common questions I hear is: “what do you think about the market?” “Or what is a good investment now?” Here is your answer:
Like a perfectionist that is never satisfied, when presented with some of the best fundamental data in years, the market chooses to find faults and be picky. Not that there aren’t a number of things to be critical of, including the situation in Greece, lack of job growth, high budget deficits, and slowing loan growth in China. These are all reminders that risks to the economy and earnings still exist. Expect volatility, much like what has been experienced already this year. Volatility will continue as the economy and markets transition from a stimulus-driven recovery to an environment of self-sustaining growth.Also, there are two very different ways of considering risk: opportunity or danger. Some would argue the latter is far more likely than the former at these levels in the market and at this stage of the market recovery. With a little patience, the commitment to a well thought out investment plan and a willingness to follow Warren Buffet’s sage advice “be greedy when others are fearful, and fearful when others are greedy,” could result in turning the tone of this market pullback from danger to opportunity.
Please feel free to contact me with questions, comments or to schedule a meeting to discuss your retirement and investment concerns. I can be reached at 817.900.8455 or Jamie@grantwealthgroup.com. Visit our website:http://www.grantwealthgroup.com
Live Your Dream!
JDG
Jamie D. Grant Wealth Management Group, LLC
1250 E. Copeland Road Suite. 540
Arlington, Texas. 76011
Phone 817.900.8455
Fax 817.900.8456
jamie@grantwealthgroup.com
This research material has been prepared by LPL Financial. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. To determine which investment(s) may be appropriate for you, consult me prior to investing. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and cannot be invested into directly.
Member FINRA/SIPCCopyright 2008 – LPL Financial. All Rights ReservedSecurities offered through LPL Financial, Member FINRA/SIP
About the Author
Jamie enjoys hunting, traveling, snowboarding and spending time with family. Jamie serves on the Fort Worth Metropolitan Black Chamber of Commerce Board of Directors, the city of Fort Worth Pension Committee and has served on the North Texas Commission. In 2002, the Fort Worth Star Telegram selected Jamie as one of the forty under 40 people to watch. He is a 2009 graduate of Leadership Fort Worth.http://www.grantwealthgroup.com
Wealth Creation Strategies Using Global Economy
February 3, 2012 by
Article by John Stewart
Wealth is one of the most important aspects in every one?s life. No matter in which part of the world a person is in, it is the basic necessity for him to help him buy his dream. However, since the recession came in, people who were supposed to retire already are still working to multiply their wealth. Wealth creation has become very important nowadays and to increase your wealth there are many strategies.
To get back on your feet it is important to plan ahead and use the global economy as your helping hand. Global economy plays a major role in your wealth creation plan. Global economy can be defined, in simple terms, as the joining and working together of economies of multiple countries. It is the biggest way where you can use the right tools and techniques to build wealth.
Global economy can help you in many ways if you know how to take advantage of it to create wealth. Wealth creation is an art and a person with full financial knowledge about the different economies can use it wisely for his benefit. There are various options available for you, such as, retirement plans, real estate, stock market, etc. and since these schemes are available world over, you do not have to restrict your investments to your country alone.
Wealth management services can help people with wealth creation. These services include the financial services that suggest different schemes that you can choose for wealth protection, etc. They also provide you the investment services. Any type of investment in any part of the world, whether it is in real estate or in a globalised company, causes your wealth to multiply. Investments are very important for your wealth creation.
Every bank, whether privatized or public, offers different strategies so that you can get new opportunities for creating wealth and stocking it up for future. Your money doesn?t go to that bank; it adds up to the economy and revolves round the globe to make you gain and double your chances of becoming a millionaire. You can avail of such schemes for wealth creation.
Many countries are open to people belonging to other countries investing in their economy. Try to use all the services that are given by such countries to you. It is important that you understand the finance and business sector well, as it may help you in various ways. Wealth creation is not only for millionaires, it is for everyone who wants to have a secure life, in the present and the future.
About the Author
P.S. Find out more effective wealth creation and Wealth Creation strategies like these that will help you become rich and create real wealth for life – sign up NOW for more insider secrets on http://www.millionairemindsetsecrets.com?”>Wealth Creation at Millionaire Mindset Secrets for FREE. You’ll discover more about personal and business success secrets, wealth building and Wealth Creation at MillionaireMindsetSecrets.com for FREE.
P.P.S. Make sure to grab a copy of the free ?7 Secrets of Wealth Creation? eGuide. Just go to MillioniareMindsetSecrets.com
Find More Wealth Articles
Wealth Beyond Riches Audio Program
February 1, 2012 by
Wealth Beyond Riches Audio Program
How To Reawaken Your Senses And Discover Your Childlike Powers, To Unlock The Vault To An Extraordinary Life Of Great Love, Much Money, Sound Mind, And Healthy Body In 30 Days Or Less!
Wealth Beyond Riches Audio Program
The Lazy Way To Wealth On eBay®
How To Set Up And Run A Successful And Profitable eBay® Business That provides The Standard Of Living And Quality Of Life You Desire By Maximizing Your Income While Minimizing Your Effort … Now With 21 Free Bonuses Worth 3!
The Lazy Way To Wealth On eBay®
THE PRINCIPLES OF CREATING WEALTH: How to Start a Business and be Super Rich
January 31, 2012 by
Article by Okon E. Promise
Assuming 100 people are asked to choose between wealth and poverty, I have no doubt in my mind that all the 100 people will opt for wealth. Wealth is something that a lot of people are struggling to achieve. I know of people who have lost huge amount of money and resources, in the process of trying to achieve wealth. A lot of people have tried to acquire wealth without being successful.
Many cannot do or even go to bed without thinking of how to become rich in life- they want to become like Bill Gate, one of the richest man they all know. Many have done all sorts of numerous things in order to become wealth. Some People have decided to remain poor since they think the wealthy people like Bill Gate or Warren Buffet are born with silver spoon in their mouths. THIS IS A WRONG PERCEPTION OF WEALTH. The truth is that many people are poor because of their negative mindset about money/wealth.
If you want to create wealth you must first create value that people can pay you money for it. The value is money. You must first create money in the mind before it metamorphose into physical cash. In few words, “the mind is the only machine that can manufacture anything we want”. If you have made up your mind to be poor, then you will remain poor except something important is urgently done to pull you out of the condition.
The financial condition you are today is as a result of the decision you made in your mind in the past. The financial condition you will find yourself tomorrow or in the future will be the result of the decision you will make today
There is power in the mind/thought. All good or bad things today are the products of the mind and thought. You have to be positive in order to achieve worthy things. Without positive mindset, Bill Gate wouldn’t have been a wealthy person. He knows how to make use of his mind to get what he wants out of life. If you must achieve wealth, it is the right time you learn how to conceive thing (including money) in your mind- positively.
You have the ‘money-making’ power inside of you. You don’t need to roam around the street searching for wealth- money don’t grow on trees. Your mind already carries your wealth, no matter its proportion or amount. Create (think) that riches you want first in your mind first and work towards it physical manifestation. When you do this, you will see it come to reality. Many may not believe in this because of their negative mindset that gives them nothing good but further constraint them to poverty and sorrow.
Anyway, no mater how you come across this article, consider it a ticket to your financial prosperity because its ultimate aim is to reveal the secret rich people are using in raking money into their bank account. Most of them, especially in the ‘poor countries’, are hiding the secrets of wealth creation from the ordinary people. This article will show you how to fatten you bank account and always laughing when visiting your bank. After reading this article, your bank manager and his/her staffs will start sending your gifts in order not to loose you to any other bank.
THE TRUTHS ABOUT WEALTH CREATION
Ok, enough of firing your financial spirit high, let get to the main point. But before I lead you directly to where your wealth is residing, let me tell you that:
(1) You cannot be rich without having anything doing(2) You cannot be rich by folding your handing and expecting miracle to happen(3) You cannot be rich when you are negative minded(4) You cannot be rich without having the desire to learn from wealthy/successful people(5) You cannot be rich stealing public fund (poor mindset)(6) You cannot be rich when procrastinating, and(7) You cannot be rich without action
HOW DO YOU CREATE WEALTH?
Big Secret Revealed- “One of the best and surest ways to create wealth is to start a business”. In order to start a business and be wealthy, you must first:
(1) Have Idea: As we all knows, idea rules the world.
(2) Create your idea into quality product/service: You must have something or value that is important to peoples’ needs.
(3) Have a Plan: If you fail to plan, you have planned to fail.
(4) Have a Business Name: Do this so that customers can differentiate/recognize you.
(5) Have Mission and Vision Statement: This is very important for your business.(6) Create Marketing Plan: After you have identify your target customers you need to create a good marketing plan/strategies to make your products or services reach them.
(7) Have a financial Record: In order to manage your business effectively, you need to have a good financial record- to know where money is coming from, how it is being spent, etc.
(8) Learn to Manage Your Customers: Lost customers are not always lost. You need to put strategies in place to help you win and keep customers. Remember that “without customers no business can succeed”.
(9) Learn to Take Good Care Of Your Employees: Your employees are the foundation upon which your business lie on. So, take good care of them.
(10) Read Books Related To Your Idea: There are enough information/ideas on books related to your idea that can help empower you in bringing your idea(s) to reality.
Stop Procrastination: Procrastination is the thief of time. ACT NOW
TOOLS NEEDED TO START A BUSINESS
Office or HomeBusiness CardComputerBusiness Bank AccountLetter Head & EnvelopesTelephone Number(s) with easy-to remember numbersPen and PaperWebsite/blogInternet accessNetwork/peers (C.E.O., Lawyers, Accountants, Sales Persons, etc)
WARNING- Don’t just be reader but also be a doer. One big trouble blocking poor people’s way of becoming rich is that they don’t practice what they know. After reading the tips in this article, try as much to put them into practice and you will surely be on your way to become wealthy.
You will succeed.
About the Author
Okon E. Promise is a publisher and the CEO of PROSKON PUBLISHING – http://www.proskonpublishing.com – He is a speaker, writer and consultant on business, leadership and entrepreneurship development. Promise Okon is a honest, caring, disciplined, and open-minded author. He lives in Lagos, Nigeria.
The Seven Stage Wealth Building Pyramid
January 29, 2012 by
Article by James Delrojo
The Pyramids of Egypt have stood for around 5,000 years. The reason why they have lasted so long is the basic structure of each layer being built on the strong foundation of a broader, solid layer beneath. That is exactly the way to build your wealth so it too will stand the test of time.
Your wealth pyramid has seven layers. And just like a real pyramid they must be added in the right order. Imagine if you tried to build a pyramid upside down, with the small layer at the bottom and each layer above getting progressively bigger. How long would that pyramid stand? It is just as disastrous if you try building you wealth pyramid in the wrong order.
Let’s look at the layers, starting from the strong foundation layer and working our way up to the pinnacle.
Wealth Layer 1: A Wealth Success Mindset
This is the most important layer because it is the foundation for your wealth. If you don’t get your head right then anything else you build will topple over.
The wealth success mindset consists of your beliefs, your habitual thoughts and your habitual actions. It is important that these three attributes are inline with the achieving and maintaining wealth.
Wealth Layer 2: Appropriate Skills and Knowledge
Luck plays very little role in the creation of wealth. You may have some good or bad luck from time to time but over the long term you accumulate exactly what you deserve based on your mindset and your application of knowledge and skills.
If you don’t have the knowledge or skills to create wealth then the first investment you should be making is in your own wealth education. If you think getting knowledge is expensive then try investing without it and you will soon find out just how expensive ignorance can be.
Wealth Layer 3: A Sound Action Plan
There are so many ways to make (or lose) money. There is the stock market and its derivatives, the property market; residential, commercial and development and then there are many different forms of business. There is the trading approach and the investing approach and there are many different approaches within these two main categories.
In short there is a huge variety of approaches to wealth creation and each has its advantages and disadvantages. In order to find your way through this maze and reach your goal you need a well thought out action plan. Your plan should include which opportunities you will focus on and how you intent to capitalize on them.
Wealth Layer 4: Good Risk Management
The first responsibility of any investor or business person is to not lose money. That is why risk management is on the layer before profit.
There is a lot of difference between risk management and risk avoidance. Every investment and every business contains an element of risk. If you practice risk avoidance then you will do nothing. Risk management is the skill of identifying potential risk and then taking actions to minimize the potential for loss.
Wealth Layer 5: Positive Cash Flow
The reason that cash flow comes before equity is that it reduces your risk of going broke. Equity increases your net worth but you need cash flow to live on. So many people build property portfolios of high equity growth, low yield property and then find that they can’t sustain the loan payments.
If you have cash flow producing investments first then they can subsidize your high equity growth, negative cash flow investment.
Wealth Layer 6: Increasing Equity
Cash flow gives you money to live on today but equity gives you long term security and money to live on tomorrow. If you keep your equity growth investments and positive cash flow investment in the right balance then you can have the best of both worlds.
Wealth Layer 7: The ability to live the lifestyle you want without the need to work
The most sensible objective of any wealth building plan is to eventually provide you with your desired lifestyle whether or not you choose to continue working. Most wealthy people do keep working because they enjoy it but they always have the choice to stop if and when they ever want to. If you have built your wealth pyramid correctly then you will arrive at this point.
Conclusion
Compare your wealth building activity to this pyramid approach and you will be able to assess whether you are building a sound, solid portfolio or whether you are teetering on the edge of financial disaster or whether you are simply going nowhere fast.
Acclaimed Author & Success Coach, James Delrojowill show you how to turn your life around in just 30 daysand unlock the flood gates of success. You Deserve Success!Go to http://www.SuccessIn30days.com
About the Author
James Delrojo would like to help you by giving you hisebook “Unleash the Success Power of Your Mind” (valued at ) completely FREE. Go to http://www.YourSuccessMind.com
Wealth Creation Strategies
January 28, 2012 by
Article by Steven Miller
Introduction
Reaching the parallax of wealth creation is like reaching the top of a hard mountain. However with innovative methods and a shift in mindset, the once hard trek to the top becomes a fair trip with paved roads, an overnight lodge, and some barbeque. Equipping ourselves with the right wealth creation techniques will make tall orders turn into silly hurdles.
However, people mistake that creating wealth is a trivial matter. People wrongly assume that a few wise investments and a lot of hard work will make them happy campers. However, after retirement, they find themselves wanting to go back to their working years once again. People thereby tend to underestimate the journey of creating wealth.
Wealth Creation Strategies
Wealth creation is not a random exercise. Using the analogy of a plant, we do not expect a beautiful plant to bloom as soon as you start throwing the seeds in your garden. Like plants, wealth and money should be patiently groomed, trimmed, and carefully guarded. Therefore having the correct method to grow money involves having proven foresight of wealth creation strategies.
A Mindset in Wealth Creation
According to Jamie McIntyre, having the correct wealth creation strategies is only 20% of the puzzle. The bulky 80% starts with having the right mindset. Having the right mindset governs an individual’s actions to orient him to act and think as a wealth builder. This way, he is able to grasp the different wealth creation strategies today and even devise his own strategy for his own advantage.
People wrongly assume that they can be responsible wealth builders if they just have seed money to start with. In this wrong mindset, strategies go out of the bunker and thinks that money easily begets more money. As a simple example, more people will take the one million dollars rather than be blessed with a millionaire’s mindset. “Give me the million first then I will buy my own strategies,” one can say. However, things just don’t work out that way.
To develop effective wealth creation strategies starts with developing a millionaire’s mindset. Strategies only serve as a vehicle of a master plotter. Therefore, a master plotter has to exist. Finding wealth creation opportunities does not rely on the best wealth creation strategies. Instead, opportunities are found by people with the mindset to create opportunities. Thus, the primary strategy in creating wealth is to develop a successful mindset. The faster that we change our mindset, the faster we can create what we want.
A sound wealth creation strategy without mindset will get you nowhere. However, someone who is lacking of strategy can get nowhere. People with a millionaire’s mindset find ways anyway. However having the correct wealth creation strategies and mindset is the measure of complete success.
Thus, a question is asked. Why do people fail? Jamie McIntyre, the author of “What I didn’t Learn in School but I Wish I Had” tells us that the cards dealt to us do not matter. There are different reasons why people fail to develop the correct mindset. Perspectives do give us the tool to look at things, but having the ability to change our perspective involves a set of positive traits that we should develop. By having accountability, gratitude, and the will to act, we as success-seekers can break barriers towards a more positive mindset.
It is important to know that one can learn wealth creation strategies just about anywhere. You find strategies in texts and in motivational materials. However the right mindset is found within you. No one can create and shape a mindset for you. Finding your mindset is perhaps the best strategy above all wealth creation strategies.
About the Author
Steven Miller is a freelance writer and educator. He is passionate about learning wealth creation strategies to achieve financial freedom. Visit Wealth Creation Academy website for a free DVD or ebook.
Find More Wealth Articles
Secrets Of Creating Wealth
January 25, 2012 by
Secrets Of Creating Wealth
Learn The “the Seven Secrets Of Wealth” And Discover The Amazing “power Of The Third Influence.”
Secrets Of Creating Wealth
1 Hour Football Wealth Builder
1 Hour Football Wealth Builder Has A Winning Rate Of 93% And It Is Very Easy To Apply And Start Making Money From Football
1 Hour Football Wealth Builder
Discover Your China Wealth
January 21, 2012 by
Check out these Wealth products:
Discover Your China Wealth
Discover Your China Wealth, Will Show You How To Import Products From China, Increase Your Profit Margins And Learn Trade Secrets To Have A Successful Importing Business.
Discover Your China Wealth
Xtreme Wealth Package
A Beginners Complete Package To Start Their Own Automated Income Generating Website. We Provide A Fully Automatic WordPress Solution, Which Can Be Implemented By Anyone Regardless Of Their Technical Knowledge.
Xtreme Wealth Package
Gain Wealth By Reading The Bible.
January 18, 2012 by
Check out these Wealth products:
Gain Wealth By Reading The Bible.
Understand What God Says About Money, Wealth And Possessions In 7 Spiritual Steps.
Gain Wealth By Reading The Bible.
Mobile Media Wealth System
Mobile Media Wealth System: Discover The Brand New System Of Making Money Through The Mobile Phone Media.
Mobile Media Wealth System
