Seven Secrets to Wealth Creation

Wealth creation is not a matter of luck it is the result of applying an appropriate strategy. Here are seven wealth building secrets that can help you put together your own winning strategy to increase YOUR personal wealth.

Secret 1: Have a Strong Reason To Become Wealthy

You need a stronger motivator than the money. What is the real benefit that you will receive from becoming wealthy? How will your life change for the better? Unless you have an emotionally strong reason to become wealthy, you are unlikely to do what it takes.

Remember that mediocrity in the western world is a pretty good lifestyle and it’s easy to achieve. You need some special potential benefit to get you to go the extra mile and achieve wealth.

Secret 2: Find a Strong Market Place

Your wealth has to come from somewhere and that somewhere is called the marketplace. What marketplace are you targeting?

It is important that you choose a marketplace that is strong enough and healthy enough to provide you with all the opportunity you need in order to reach your financial goals.

Secret 3: Have a Strong Vehicle

How are you going to tap into that strong marketplace? You need to have a vehicle that has the potential for providing the results you seek. The vehicle needs to be strong enough that it will do the job you are asking of it, both now and for a reasonable time into the future, regardless of how the market is changing.

Secret 4: Develop or Hire Strong Knowledge

Applied knowledge is power. If you are going to take your vehicle to the heights it needs to achieve in order to provide you with wealth, then you must have the knowledge of how to do that. Some knowledge you need to have yourself and other knowledge you can hire in the form of employees or outsourcing.

What knowledge do you need to add to your knowledge bank and where are you going to get it?

Secret 5: Develop and Tap Into a Strong Network

Nobody gets rich on their own. You need a strong network of contacts, each of whom will play their role in your journey to riches.

Your will need a network of people to help you stay on track. A network to brainstorm with. A network to help you market your vehicle. What is your current network like? Do you have good relationships with all the people who can help you achieve your goals? If not where are you going to find them and how are you going to recruit them into your network?

Secret 6: Have a Strong Risk Management Strategy

The self-made rich don’t avoid risk, like the average person does; they find ways to manage risk. When you know why you are becoming wealthy, and you have the right market place and the right vehicle, make sure you also have a strong risk management plan to keep it all on track.

Secret 7: Have a Strong Commitment to Your Success

The last secret, and the most important behind knowing why, is to have a strong commitment to succeeding. Your commitment has to be unshakable. You are highly likely to meet with obstacles along the way and some of them may be very challenging. The thing that will get you over, around, or through those obstacles is a strong, unwavering commitment to achieving your goals.

Now that you have the seven secrets it is up to you to assess how you stand currently on each one, and then to do whatever it takes to bring yourself up to speed so that you will enjoy the fruits of your own wealth creation.

7 Wealth Secrets

Money is power; it can be a vital source of happiness and a paramount entity for some people. The gurus can give you hundreds of secrets to becoming wealthy. But, the catch to the “get rich soon” equation is simply a law of attraction. On the contrary, some people ruin their lives by becoming hungry for money that results in destroying and harming themselves and others.

Although, a healthy monetary asset is essential to survive in the world, which also demands a comprehensive understanding of how the money game operates. We leave you with 7 wealth secrets that will enhance your income:

Acceptance:

Firstly, to understand the game, it is vital that you acknowledge the universal truth, which is to acquire heaps of money. Once the mindset changes, you can strive to make your first million. Setting smaller and achievable goals can help you get focused.

Don’t be Negative about it:

Secondly, try not to utter phrases like “I am poor”. Picturing yourself to be rich can attract a lot of resources. It is vital to have an empowering mindset, which says; through my mental capacity and hard work I can achieve any task. The first person to convince in this situation would be you.

Taking your own wealth as a responsibility:

For instance, by creating wealth and jobs for others, you would create some for yourself. Not only that, you are also responsible for your family, stakeholders, and employers. A positive contribution to the society is only possible when you simultaneously have more than one income stream.

Find a mentor:

Stick with like-minded friends and family members who are equally passionate about wealth. Searching for an industry mentor is probably the best thing you could do. By far some of the best teachers of life lessons are these mentors. Making excellent friends allows you to create an aura of success around you.

Make an outstanding use of all the resources that you have:

Time is a virtually the best resource, it is an incalculable asset. Time is everywhere, you have a lot of it, but how do you spend it?

Financial resources are secondary when we talk about time, therefore we must not waste it. You can make principles for smart time management. If you work well in the morning, then allocate it to the time-consuming tasks.

Make a habit of saving:

Rest assured, the money that you earn will not last, so it is better to start investing in stocks, property, and gold. Hiring a team of financial advisors can be an option later on.

Make money flow from various sources:

Further, having more than one source of income would be a preeminent task. Once you have started to pay your bills and taxes, then you can focus on reinvesting the money into investment schemes. Opportunities would start to flow in your direction, with plenty of options as a backup.

By applying the rules mentioned above, you can achieve a sound financial independence. The law of attraction only works if you do. It clearly states that you can bring positivity in your life by focusing on positive thoughts. Likewise, remember, “What you seek is seeking you”.

Wealth Building: Let The Wealth Building Secrets Of J. Paul Getty Inspire You To Great Achievement

One of the shortcuts to creating wealth is to learn from those

who have achieved great wealth.

The late John Paul Getty is known as one of the greatest wealth

builders in American history.

He was kind enough to distill his wealth building rules

for anyone who desires to amass wealth like him to follow.

Do you want to be fabulously rich? Then learn from the master

wealth creator himself, and follow in his footsteps:

Rule No. 1:

To acquire wealth today, you must be in your own business.

You may think that the corporate executive with a $100,000

salary is better off than small shop owner, but the executive

will be hard-pressed to double his income and taxes will eat up

most of any increase.

The simplest peanut vendor has unlimited opportunity to

expand his business and his income, and even salesmen,

who in most cases are able to write their own

paychecks, can control his sale increases himself.

Rule No. 2.

You must have a working knowledge of the business

when you start and continue to increase your knowledge of it as

you go along.

If you don’t know what you’re doing when you start, your

mistakes will be costly and often unnecessary, and you won’t be

able to keep up with the technological explosions in any field.

Start smart and stay that way.

Rule No. 3.

You must save money in your personal life and in

your business venture as well.

Discipline is the key to saving money. You must develop the

will power to deny yourself immediate gratification or the

temptation to gamble on the quick buck. Resources will be

needed for expansion and should be guarded carefully.

Rule No. 4.

You must take risks, both with your own money or

with borrowed money.

Risk-taking is essential to business growth.

Nelson Bunker Hunt is admired for his guts in trying to

corner the silver market, not scorned for losing money on this

deal.

Some of the richest men have staked their entire fortunes

and lost, several times over, before the risk-taking paid off.

Back those risks with good judgment, experience, commitment,

And the right support.

Seek advice on risks from the wealthy who still take risks,

not friends who dare nothing more than a football bet.

Rule No. 5.

You must not only learn to live with tension, you

must seek it out.

Thrive on stress! If it means getting physically fit, having a

psychiatric overall or losing 50 pounds before you can handle

it, do it.

Once you can learn to thrive on stress, you will not

only enjoy it, you will seek it out willingly and enthusiastically

and wonder how you could live any other way.

Men of means look at making money as a game which they

love to play.

Consider it serious business and you will suffer far more

stress than you need or want.

Keep your perspective or your stress level will rocket beyond

your control.

Rule No. 6.

Build wealth as a by-product of your business

success.

If wealth is your only object in business, you will probably

fail.

Wealth is only a benefit of the game. If you win, the

money will be there.

If you lose, and you will from time to time if you play long

and hard enough, it must have been fun or it was not worth it.

Rule No. 7.

Patience.

This is the greatest business asset. Wait for the right time to

make your moves.

Let your business grow naturally, not by pressing your luck.

Rules No. 8.

Diversify at the top.

Once you’ve made it, you’ll understand that any business is

limited in the challenges it offers.

You’ll want and need other games to play, so you’ll look

for other ventures to hold your interest.

May these words of wisdom from Mr. Getty inspire you

to build fabulous wealth and reach the stars.

Warmly,

Ikey- Benney, CEO