Posts Tagged ‘rich’

Avoiding Common Mistakes When Creating Wealth

Wednesday, December 23rd, 2009

There is probably no one who does not want to find a passive income opportunity or create additional wealth. As the saying goes, “You can’t be too rich, or too thin.” The keys to financial independence are being disciplined enough to find investment funds, then acting on opportunities as they are presented.

There are many ways to build wealth. No two people will find success doing so in exactly the same way. But that is the great thing about investing in your financial future – you can do it in the manner that best suits you and your current situation. Young or old, single or head of a family, there is a perfect way to make money just waiting to make you rich.

Are You Prone to Mistakes?create-wealth

The only thing holding you back are the mistakes you may make – or have made in the past. These include:

•    Scams and schemes – lots of people will try to get you to believe they can make your rich overnight. Beware outrageous and unsubstantiated claims. Increasing your income takes time and effort. If an opportunity sounds too good to be true, it probably is.
•    Too much research, too little action – how often have you thought to yourself, “If only I had done such and such way back when, today I would be rich.” Stop regretting past inaction and start now. Download Jamie McIntyre’s free e-book here and get on the road to financial independence.
•    The time excuse – yes, we are all busy. We hold a job, have a household to care of, and are committed to a variety of social activities or community involvement. But we seem to always make time for the things we really want to do. Now is the time to make wealth creation a priority.
•    Unplanned investments – if you do not have a road map to financial success, how can you tell if you are on track to reach your goals? Unplanned investing is a recipe for disaster. It is important to lay out your money making goals and define the steps to make them happen. Then act on them!

If you are guilty of one or more of these mistakes, don’t despair. Instead, get started on a new track. Wealth education helps you to: motivate yourself, be open to receiving good investment advice, and helps you to track your progress along the way toward success. You can find out more ways to increase your wealth at The 21st Century Academy.

Do You Have the Courage to Get Wealthy?

Wednesday, May 20th, 2009

Do you have what it takes to get wealthy – the courage to do what you need to in order to get no-excusesrich? If you are like successful students of the 21st Century Academy, you may have done your research on making money but initially doubted your own ability to stick to the right path on your way to gaining wealth. This is a losing attitude.

So what is the key to getting wealthy? There are actually five maxims which can help anyone achieve success.

Get Motivated

Without motivation, your desire will never be anything more than that: an ambiguous emotion. True motivation is translated into ambition and ambition results in action. Only action can create wealth.

Manage Your Time Efficiently

Gaining wealth takes time. Take it from Jamie McIntyre, there are no shortcuts to this step. Do only those things which result in the generation of income. Let me repeat that: only spend your time on income generation. This means you will have no extra time for leisure pursuits, at least until you have amassed a sufficient amount of assets.

Frugal Cash Management

If you own your own business, you know that taking all the income earned from it and using it to buy things for yourself is not the way to become successful. You must first make a good profit before even considering spending money on extras.

The Law of Attraction

If you can desire it, you can obtain it. Enough said.

Set Clear Goals

How you can obtain anything if you don’t know what it is you want? Jamie McIntyre knows this rule firsthand. Only by writing down exactly what it was he desired was he able to develop a plan with the steps necessary to obtain it.

Now that you know what it takes to create wealth, do you have the courage to do what needs to be done?

Why Do Most People Fail?

Wednesday, February 11th, 2009

Moving along into Jamie McIntyre’s eBook, and into the first chapters referenced in the wealth vision videos, we start to look at an elemental wealth creation question:

Why Do Most People Fail?

Or, to be more specific as Jamie puts it,

“I live in one of the wealthiest nations on earth—so why am I not rich?”

These are really just two versions of the same question. There is no good reason that more people in such highly successful nations as Australia, the UK, the US, and many others should not be sharing the wealth. If you understand why people do not, then you can begin to figure out which of these reasons applies to your own life and begin to work to overcome them.

The Success Formula

One of the first reasons we look at for popular failure is the formula for success that most people follow. Jamie had identified this as:

• Going to school
• Getting a “good education”
• Working hard for long years until retirement

This is the formula that has been ingrained in us all. It’s true in Australia and it’s true in nations all over the world, from Russia to the United States and points north and south. But if you look at the statistics and the results of following that formula, which we will do in an upcoming post, the formula is flawed.

Finding the flaw in our formula has to be the first order of business if we are to succeed and be wealthy. Much as we’d like to believe that this formula is noble and reliable, the outcome tells another story. Join me back here in the coming days as we explore this simple formula for success further, and work to find out what is really impeding our wealth and success.

Sean Rasmussen
21st Century Academy
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