There is a difference between being rich and having wealth.
Wealth is the abundance of something in such surplus that no
conditions can destroy it. Making a lot of money is one thing, getting
rich another. Creating wealth,
well, that’s what very few people ever learn. You have heard the
expression "get rich quick," but you will never hear "get wealthy
quick."
Ever hear the saying, “money never sleeps?” The wealthy take this
literally and believe that money must work around the clock to grow. The
wealthy respect and pay attention to their money knowing that nothing
multiplies without attention. They also know money wants to be loved and
acknowledged.
Related: 9 Things Rich People Do Differently Every Day
Sound crazy? Show me someone that doesn’t pay attention to their
money or is disrespectful of it and I will show you someone lacking
money.
The wealthy also avoid mistakes that big income earners and the rich
make. Here are some common money mistakes you must avoid to create
wealth:
1. Seeking comfort, not freedom. Comfort is the
enemy of abundance and the most dangerous element of finances. The
entire middle class is built on seeking comfort. The wealthy seek
freedom and so much abundance that money is no longer dependent on their
efforts. More is the mantra, abundance is the affirmation, comfort
isn’t on their menu and freedom is the focus.
2. Diversification. You can never get truly wealthy
by diversifying your investments. Wall Street has done a great job of
selling the public on this idea of diversifying because it benefits Wall
Street.
Mark Cuban says “Diversification is for idiots.” Andrew Carnegie
said “put all your eggs in one basket and then watch that basket.”
If you want to create real wealth learn everything you can about a space and go all in.
3. Depending on one income flow. No matter how big
your income is, never depend on one flow. I knew an executive who was
earning $350,000 a year, the top 1 percent of all incomes. Suddenly the
industry she worked in came to halt and her one income flow was shut
down. This has happened to many Americans, destroying trillions of
dollars of "pretended" wealth.
To create wealth, you must make investments that will create
dependable streams of income flows, independent of your main source of
income. I use rental income from apartments and partnerships in other
companies to throw off passive flows of income. I continue to pay
attention to each of these flows to make them stronger. This is not
diversification -- it’s fortification of wealth.
4. Comparing to others. Seventy-six percent of
working Americans are living paycheck to paycheck. Comparing your
finances to others will ensure you never create wealth. People often
compare their situation to some starving nation in a remote part of the
world to justify being "better off." Another person’s finances, good or
bad, will not pay your bills, won’t fund your retirement and will not
provide you peace of mind. Don’t compare your finances to someone
else’s.
Related: 6 Simple Strategies for Better Money Management
5. Investing in trends. Avoid investing in the latest and greatest technologies that can be displaced by new technological developments.
Warren Buffett invests in electricity, railroads, banks, insurance, soft drinks, food companies and candy.
Don't get on the roller coaster. Take the longer, slower ride that guarantees arrival.
6. Trusting without proof. The single biggest
mistake of my financial life was naïvely trusting a group of people
because I liked them and it felt right. I neglected to get proof that
they were actually as they presented. Instead I went with my feelings
and was deceived. By the time I figured out something was wrong, I was
out millions.
Disregard your feelings when it comes to people and always look for
solid evidence. If you are so close to people that you are not willing
to ask them to provide evidence, make it a policy not to do business
with them.
7. Saving to save. It is impossible to create real
wealth just by saving money. The banks only pays .25 percent, so it will
take you 40 years to grow your money 10 percent if rates stay where
they are. More importantly, money that sits around idle always seems to
find an emergency to fund.
Dave Ramsey suggests you not carry cash or credit cards because when either is available -- you’ll create a reason to use it.
To guarantee my wealth, since the age of 25, I moved surplus money
into future investments accounts that I could not easily access, so that
money was available for investments when I finally had the knowledge
and courage to do so. This kept me broke and having to hustle
constantly.
8. Pretender spender. On the other end of the
spectrum is the pretender spender. They try to impress others with how
they spend money. It’s not their money, it is always someone else’s.
Sports cars, expensive clothes, designer bags, shoes, V.I.P. tables --
the list is endless.
The wealthy are not trying to impress anyone, they are seeking freedom.
When the wealthy hit affluence and abundance, they start throwing
money around on ridiculous things -- cars, boats, planes, vacation
homes. By then, it no longer matters that the things are poor
investments. The very wealthy may appear to be flaunting their money
with extravagances, but in reality they are not. The money they are
spending is miniscule compared to the abundance they’ve created.
Sounds good doesn’t it? So what will it be for you: middle class, rich or wealthy?
You know money won’t make you happy and just getting by won’t either.
There is a price to be paid for whatever choice you make. Wealth
provides you with options and the person that has options has freedom.
jueves, 21 de agosto de 2014
lunes, 18 de agosto de 2014
Hey!
If you have a moment I woke up this am and
wanted to reach out to your personally...
So many people come to us and say hey "Joel,
I just lost my job and I need to make $4000 by
end of the month"
My simple answer is eek.. you better find a new job then!
Reason is we run a honest and legitimate business..
I am not interested in "taking" peoples money if they
don't have realistic expectations of starting a business.
Although I have seen people make $4000 or more in their
first month, it is rare..
Look..
If you do have realistic expectations..
Like maybe wanting to make $500 your first month
Then here is what you need to do..
1. Watch our Corporate office video tour here
The video tour will give you a sense of security that
we are a real company (not operating in my basement)
Although that is where I started too.. in my basement!
______________________________ ________________________
2. Join our AMAZING facebook group here of over 25 000 amazing entrepreneurs
Joining the group will show you we are one HUGE family of
great people who want to legitimately help you succeed!
______________________________ _______________________
3. Only if you are DEAD serious then join our team here for $1.00
Remember.. only if you are truly serious and you are
willing to out in at least 20 hours of work over the next month
______________________________
____________________________
No offense but I am not interested in working with people who
have quite frankly Ridiculous expectations like...
"Hey, I joined up, where is my paycheck"
But if you are realistic, then here is my total guarantee!
If you do not make $500 by end of month, call us or
put in a help desk ticket and we will refund you no questions
asked.
I would love to help you succeed! Join our team today for $1.00!
------------------------------ ------------------------------ ------------------------------ ---------
End of ad copy
If you have a moment I woke up this am and
wanted to reach out to your personally...
So many people come to us and say hey "Joel,
I just lost my job and I need to make $4000 by
end of the month"
My simple answer is eek.. you better find a new job then!
Reason is we run a honest and legitimate business..
I am not interested in "taking" peoples money if they
don't have realistic expectations of starting a business.
Although I have seen people make $4000 or more in their
first month, it is rare..
Look..
If you do have realistic expectations..
Like maybe wanting to make $500 your first month
Then here is what you need to do..
1. Watch our Corporate office video tour here
The video tour will give you a sense of security that
we are a real company (not operating in my basement)
Although that is where I started too.. in my basement!
______________________________
2. Join our AMAZING facebook group here of over 25 000 amazing entrepreneurs
Joining the group will show you we are one HUGE family of
great people who want to legitimately help you succeed!
______________________________
3. Only if you are DEAD serious then join our team here for $1.00
Remember.. only if you are truly serious and you are
willing to out in at least 20 hours of work over the next month
______________________________
No offense but I am not interested in working with people who
have quite frankly Ridiculous expectations like...
"Hey, I joined up, where is my paycheck"
But if you are realistic, then here is my total guarantee!
If you do not make $500 by end of month, call us or
put in a help desk ticket and we will refund you no questions
asked.
I would love to help you succeed! Join our team today for $1.00!
------------------------------
End of ad copy
Suscribirse a:
Entradas (Atom)