21st Century Academy

The snowball effect is something that applies to many of the concepts and ideals that you’ll learn throughout the course of your financial empowerment program. But what got me thinking about it today was something I ran across online that talked about the snowball method of getting out of debt. And it occurred to me that its opposite was very much true for building wealth.

The Financial Snowball Method Of Debt And Wealth

What this very popular method of debt reduction states is that a person should pay off their lowest-balance debt first, regardless of other factors like interest rates and so on, to capitalize on the psychological effect of accomplishing something very worthwhile. Once that is done, the action moves to the next lowest balance, using the newly freed cash to pay on that balance and make faster, more motivating progress.

There is a lot that we can learn from this method, and in many ways this fits collaboratively with exactly what Jamie McIntyre has been teaching us all along. Not only are you making and seeing real progress, but you are building that positive mindset of change and financial success that is so necessary for wealth. And all that progress and positivity is attracting more progress and positivity, so it is enhancing the snowball effect even more.

Throwing Snowballs At Creating Wealth

If you think about it there are a lot of ways you can capture the power of the snowball effect to create wealth and maximize this financial empowerment program. A few examples include

• Starting out small with wealth education, and snowballing that effort
• Starting small at saving, and snowballing that effort
• Starting small with investing, and snowballing
• Starting small with positive mindset
• Starting small with debt elimination, then transferring snowball effect to savings, investment, and creating wealth

I’m guessing that you can add to this short list, too (and please do in the comments below). And remember that when you apply the snowball effect to wealth-building, the effect grows more quickly and more beneficially, because you add the advantages of investment, interest, and dividends to the money you invest. So your wealth snowballs will grow bigger and even faster than those of your debt repayments.

Here’s to your snowballing success!

Sean Rasmussen
21st Century Academy
Universal Wealth Creation © 2004 - 2008

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It probably goes without saying that in order to build wealth you have to invest in your own financial empowerment. That’s true in terms of what you do with your money, but it’s true of other related aspects of building wealth. Investment, however, can mean many, many different things. Let’s explore.

Financial Investment For Creating Wealth

At some point you have to make a financial investment in some form in order to build financial prosperity. That probably sounds very simplistic. The reason that I bring it up is to point out that there are many ways that can be done. Stock market or share market investing may seem like the most obvious, and is often what people think a financial education program will teach, and nothing more. Realistically, though, financial investment can refer to others forms of investment such as real estate and property, insurance investing, businesses and much more. You will need some type of vehicle, but it does not necessarily need to be stocks, or not only stocks.

Personal Investment For Creating Wealth

The other form of investment that is imperative to building wealth (and it is the one the 21st Century Academy is really all about) is personal investment. Investing the time and energy, and yes money, in yourself so that you can learn to be wealthy and take wealthy actions.

Personal investment is the much more important of these two. When you invest in yourself you invest in something with unlimited potential. You invest in an investment vehicle with innumerable opportunities for replication.

Investing means that you put something in to get something out. The more seeds you plant, financially, but more importantly personally, the more you get out of that investment. It’s a must if you will succeed and be wealthy, but investing, especially in you, is the best return you will ever enjoy.

Sean Rasmussen
21st Century Academy
Universal Wealth Creation © 2004 - 2008

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We’ve talked at length about how the 21st Century Academy education is different—how it is a new financial education for a new century, to replace what you just haven’t been taught yet. You might think that that is the focus of my post today, but that’s not really so.

What I want to talk about today isn’t how Jamie McIntyre’s wealth education program is different from what you learned in school, but how it is different than what the average person learns. Not all that unrelated, but you’ll see what I mean by this.

Doing More Than Average

This is not to discount what you would learn through this financial empowerment program in any way. There’s no doubt that school and university and college have not prepared the average person to build wealth. This post is just to show you why this makes a difference in your life—why this type of financial education will make you wealthy.

The answer is quite simple. A financial empowerment program such as this one is something that the average person never does. The average person, though, is not wealthy either. And do you know what you have to do to do better than the average person? To be the less than average wealthy man or woman? You have to do something that the average person does not.

If an average life, an average introduction to finance and wealth, and average money management were a path to wealth then most everyone would be rich by now. But comparatively speaking few people are financially wealthy. If you want to be one of the few you have to start doing something that few people are doing, and you have to start somewhere to learn how to do that. Start by learning more than the average person knows about building wealth and investing, and then continue on to wealth by doing what the average person is just not willing to do.

Sean Rasmussen
21st Century Academy
Universal Wealth Creation © 2004-2008

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