Wealth Creation: 10 Steps To Financial Freedom

From my research and study in the topic of building wealth, I have distilled all formulas and guidelines into 10 important principles. If you follow these simple principles and always think outside the box, you will be on the right path to achieve financial success and wealth that will last you a lifetime.

  1. CREATE & VISUALIZE YOUR GOALS: They will always lead to wealth creation. Set a particular goal and visualize it every day. In setting your goals, you should always be sure they are categorical, quantifiable, realizable, pragmatic and time bound.
  2. DO YOUR HOMEWORK: Never jump into any business venture, irrespective of how attractive it may look. This could set you up for failure and disappointment. The more interesting the business opportunity, the closer you ought to be in examining their claims on returns on investments.(ROI) As a budding entrepreneur it’s important to test each business opportunity before you invest a significant amount of time and/or money.
  3. IDENTIFY A PROBLEM & FIND A SOLUTION: This is the key to creating sales and cash flow for your business. Be determined enough to stick with it and don’t quit. Everyone is consistently attempting to find solutions to their problems. If you can offer them a quality product and an excellent value, then the world is your oyster. People are willing to open their wallets to those who can offer an easier and better life to them. One thing you must remember is that there are always problems waiting to be solved.
  4. THINK BIG & KICK ASS: The one thing that starts from the top and grows down is the grave. Otherwise, everything else in life starts small and grows up. When you grow up, you stay up, but when you jump up, you come down. Naturally, common-sense tells you that when you jump up, the force of gravity simply pulls you down. There’s such a lot to be learned at the start of your business. It will be small, but you will be dreaming big! So as you have a giant vision to grow, your business will grow too! Remember the proverb… “To Think Is To Create”Keep your vision, create a mission statement and share them with everyone you hire. With this you will all have a common goal to work toward each and every day.
  5. USE EARNED CAPITAL TO GROW YOUR BUSINESS: As you grow your business, remember to always use capital from your profits. Growing a business on borrowed capital is a very big risk indeed. You must be prepared to dance to the music when it starts to play. If you position the growth of your business, without acquiring debt, it will allow you to work harder and ensure you make the cash and merit the growth.
  6. CHOOSE THE RIGHT PEOPLE TO WORK WITH: You need to be careful in picking the people you’re going to work with in the business. If you truly want to grow your company, it is vitally important to choose people that are suited to the tasks that you assign to them. For example, you wouldn’t hire a heavy machine operator to run your sales department, right? A great deal of time and money could be lost by attempting to put a square peg in a round hole.
  7. USE FISCAL LEVERAGING: When your business starts to grow, it will be reflective of your business income. The entire essential nature of beginning a business is to develop a consistent, foreseeable source of cash flow above cost and expenses. The bank will lend your business money based on the amount of cash flow it produces each month or year. So make sure that you keep the cash flowing even during slow economic periods. This may take some “thinking outside the box”, but that is what being an entrepreneur is all about.
  8. THINK OUTSIDE THE BOX:There will always be competition in any market you choose to enter. It is important to brand your business so you stand out from the others. When branding your business be sure to always be thinking outside the box. Come up with ideas that haven’t been used before and you will surely get noticed.
  9. DON’T STOP LEARNING: Read, Read, Read… Always be learning about your product or niche, your target market, and how the economy may effect your business. It is important to always be attempting to stay one step ahead of your competition. Continuous learning will allow you the flexibility to make changes in the business when necessary to stay on the top of your game.
  10. LEARN FROM A MENTOR: It is much easier to achieve financial success by following in the footsteps of someone that has already been in your shoes and has reached the pinnacle that you envision for yourself. Find a mentor that you feel a connection with and has reached the level of success that you are striving for. Then listen to their every word. They will teach you the steps necessary to reach your financial goals and dreams. Remember that everyone that has reached financial success as an entrepreneur has followed in the footsteps of another.

Wealth Creation – Why Wealth Without Women Is Useless

This idea that wealth creation without women is useless is a truly fascinating concept that doesn’t appear in most how to get rich/wealth creation books. Napoleon Hill, in his seminal How to Get Rich book “Think and Grow Rich” devotes an entire chapter to what he calls “The Mystery of Sex Transmutation”. Here we explore what this means and why wealth without women is apparently a fruitless pursuit.

The Mystery of Sex Transmutation

It may sound like a cross between some pseudo-religious revival and some peculiar biological reproductive process but the concept of “Sex Transmutation” is actually easily explained and understood. It simply means channelling ones desire for sexual expression into thoughts and pursuits of another nature (e.g. business, art, literature, sport, music etc)

Sigmund Freud had a similar idea; that those with achieved great things did so by re-routing their libidos into creative, positive energy used to pursue some worthwhile passion.

According the Hill, “men who accumulate large fortunes, and attain great heights of power and fame, do so, mainly, to satisfy their desire to please women.” Take the women out of their lives, and great wealth would be useless to most men.

A man will do anything to win the women he desires. Ditto for women. We’ve all seen men lose their marbles over women and literally risk their lives and reputation to satisfy that desire. What Napoleon Hill is musing on is this: – if you harness that sexual energy and redirect it, this hugely motivating force of nature can be used to achieve greatness in anything, including wealth creation.

Superpowers Aren’t Just for Super Heroes

Just in case you’re in any doubt about this theory, Hill actually combed through history and biographies, researching the lives of successful men and women to come up with this finding. Napoleon Bonaparte, Abraham Lincoln, and William Shakespeare to name but a few were all thought to have a highly sexed nature. When driven by the emotional drive of sexual expression, men and women became gifted with a super power of unstoppable action.

Essentially, the men of greatest achievement are men with highly developed sex natures; men who have learnt to channel their desire for the physical expression to thoughts of some other nature. “When driven by this desire”, says Hill, “men develop keenness of imagination, courage, will-power, persistence, and creative ability unknown to them at other times”

Since the dawn of civilization, men have been trying to please women. In pre-historic times men hunted and brought back meat and furs to their caves to impress the women they desired. Nowadays, bestowing fancy cars, jewels, clothes and various symbols of wealth are typical modern-day outward displays of this desire.

The Human Mind Responds to Stimulation

According to Hill, there are 10 Stimuli of the mind, 10 compelling desires to which the mind responds most freely. They are: – 1. Sexual expression; 2. Love; 3. Fame/Power/Financial Gain; 4. Music; 5. Friendship; 6. Master Mind Alliances (between 2 or more people); 7. Mutual Suffering; 8. Autosuggestion; 9. Fear; 10. Alcohol and Narcotics. Any of these mind stimulants will at least temporarily increase the intensity of thought. Through any of the above sources one can commune with Infinite Intelligence, or enter, at will, the storehouse of the subconscious mind. The most powerful of these stimuli is the sexual expression, which, when harnessed and transmuted, is capable of transferring men into a higher sphere of thought.

How to Achieve Greatness and/or Become a Genius

By Hill’s definition, a genius is someone who “has discovered how to increase the intensity of thought to the point where he can freely communicate with sources of knowledge not available through the ordinary rate of thought”. Seems like a good definition of a genius to me! And according to Hill, sex energy is THE creative energy of all geniuses.

However, the mere possession of this sexual energy is not sufficient to produce a genius of course. Otherwise every walking hormone would be a genius! The energy must be transmuted from sexual desire into some other form of desire and action. The genius firstly has the ability to stimulate his mind using one of the stimuli outlined above so that it functions on higher-than-average plane. Secondly he has the ability to tap into the faculty of creative imagination (or sixth sense) i.e. the subconscious mind. To move beyond the limits of conscious thought and reasoning, one has to tap into the powers of the subconscious mind. There are many methods available to do this but the most widely used is that of deep relaxation, clearing your mind of conscious thought and then imprinting pictures of the desired outcomes (infused with emotion) onto the deepest parts of your mind.

Conclusion:

None of this should come as any surprise when you think about it. Sex has been the driving force of creativity, resourcefulness and evolution since we were single-celled amoeba crawling along on our bellies in the muddy pools of early civilization. What is interesting though is the combination of the transmutation of sex drive and the probing of the creative depths of the subconscious mind.

Find, if you can, a single man (or woman), in the history of civilization, who achieved outstanding success in any calling (wealth creation, business, art, music etc), who was not driven by a well-developed sex nature and I will eat my hat!

Self Improvement Tips for Wealth Creation? Getting Rich Starts from Within

Few people realize that getting rich does not just happen by using mathematical and business skills. There is definitely more to that in creating wealth. If you want to get rich, you have to make changes. And the first changes you need to make will be those that focus on self-improvement.

Contentment sometimes represents the easy way out

Sometimes people deliberately deceive themselves by feigning contentment in order to avoid working harder and taking more risks to go for what they really want. Dont try to fake being contented when you’re not. If you want to dream, dream big. If you need to create goals for yourself, make them big enough to incorporate what you want in life. It is okay to start with small steps, but plan goals out far enough to incorporate really big dreams, too, if they are what you want.

1.) Time is Gold

Many people have been taught this adage from day one, but a lot of people are unfortunately not able to appreciate it. Time is precious, and the truly wealthy don’t waste this precious commodity. Instead, they do their utmost to make the most out of their time. If you want to join them at the top, you need to adopt the same attitude.

2.) Get Your Priorities Straight

Decide what you think is most important; do you spend a day at the spa or attend Mandarin Chinese lessons? Create priorities that will help you create wealth. Be honest with yourself and decide which tasks are important and which ones are not. Then prioritize them so that you take care of the important ones first and which can wait if need be.

3.) Start Planning Ahead

Having clear-cut goals and priorities in life is necessary to help you create wealth, but these alone will not do the job. They will only help you if you go on to figure out the next step: As exactly how will you create wealth?

4.) The Only Failure in Life is Failing to Try

Life is complicated, as everyone knows, but don’t let that stop you from getting what you want, which in this case is to create wealth. Of course, you will likely encounter obstacles that may stop you from reaching your goal temporarily, but the only time you will truly fail is when you don’t try at all. You also have to make sure that you try hard enough and that you keep trying even in the face of failure as long as it is feasible.

5.) Give and Take

Be prepared to both ask for favors and give something in return. If you are used to being self-reliant, that is great. But if you are determined to create a business, you need to understand that you will need to work in cooperation with others at least some of the time.

6.) Do not be Too Proud or Stubborn to Take Advice.

If the suggestions and advice offered by others have merit, then go ahead and give the advice a try. Never presume that you know everything or that you can’t learn from someone else. There will always be something new to learn. This lesson can not only help you get rich, but it can help you stay rich and become richer as well.

It is important that you strive to improve how you think, speak, feel, and act, first and foremost. Once these changes have been implemented and have become habit, then concentrate on attaining external goals to reach your main objective of getting rich, and getting rich now!