By Gary Simpson
It is amazing how so many of us are so tied up with our work and our busy lifestyles that we can let something of great importance to our future just slip by without even realizing it. I'm talking about wealth creation here.
Even professional people who have excellent educations and years and years of senior service in highly responsible positions tend to overlook these things.
After studying a book on personal wealth creation for several weeks here is what a Senior Accountant had to say:
"I have just had an offer accepted on my first house! I am SO excited, it is a dream I didn't expect to come true, especially in light of the heated Perth housing market."
Just to give you some background on where this accountant was coming from he also said:
"I am an accountant working for a 'big four' accounting firm. Throughout university, and since, I have been taught how to create balance sheets, profit and loss statements, write company reports, manage tax, grow businesses and numerous other accounting functions. One thing I have never paid attention to however, is the creating of my own personal wealth."
After reading this book he concluded by saying:
"Reading this book and following the exercises I was shocked at the miserable state of my own financial affairs. Through the use of the examples and exercises, I have started to turn that around! As I mentioned, I have just purchased a house, and I'm on the way to generating some serious assets!"
What a brilliant outcome and all from reading and studying something as simple as a book!
Now, let me ask you this. If a Senior Accountant makes these comments what sort of value do you think that reading a personal wealth creation book contains? Do you think such a book might hold a few ideas for you?
One thing is certain. We all need as much information as possible in this quest for future wealth. If we mess it up or do nothing to help ourselves then our future will indeed be bleak.
There are more and more people in this world competing for a dwindling, finite amount of resources. Simple economics tells us that costs will rise. You know that this is true. Look at the proof. We are all facing increasing costs for fuel, water, groceries, utilities.
This means that YOU will need more and more money to fund your lifestyle. You cannot afford just to sit back and drift with the tide. Swim against the tide NOW. Do the hard yards now, just like the accountant has, and your future will be so much easier.
Gary Simpson has written nine books on various subjects. He is a prolific writer whose many hundreds of articles appear all over the internet. If you are looking for a better financial future then go to Turn Debt Into Wealth. Here you can also get a password for the "Wealthy Minds" newsletter in the exclusive Members' Only section of the site.
Article Source: http://EzineArticles.com/?expert=Gary_Simpson
Wednesday, February 28, 2007
Saturday, February 24, 2007
Why Did Wealthy People Get Wealthy?
By Steve Seah
Nearly everyone has some secret wealth creation strategy. This might be something as simple as improving your qualification or moving to a different job, or maybe starting a home-based business. There are even some who go through a deep study of the stock market and currency trading hoping to make a killer deal one day and then relax for the rest of their life.
Whenever we read something about the rich individuals around us there seems to be a feeling that these people have a knack for making money out of sheer nothing. The truth is that they do not have some secret strategy but their results are based on simple principles that anyone can follow.
Networking is often understood to be something that only marketers need to do but in actuality it is something that everyone must do. If you work with smart and motivated people then you have a better chance of success yourself. So choose the right people to work with.
Rich people never give up when they face difficulties or frustration or there seems no way to proceed. That is the main difference between them and everyone else. If you can stay persistent then you increase your chances of making money. Note that this does not apply to the gambling mentality.
You need to be a decision maker. People who hem and haw in confusion never get anywhere. To be a good decision maker you need to understand the issues involved so you can rapidly decide what is in your favor and what is not. In other words, do not start something you fully understand.
If you look around you will find that most people are busy doing the same thing and none of them are getting rich. To get rich you need to think a bit differently and come up with new ideas. These ideas can also come from information you acquire elsewhere. If you are interested in the stock market then read business magazines to know how the market is.
A timid person succeeds by chance. It takes courage to grip your fate by its horns and turn it the way you want. You must be bold and strong and willing to take calculated risks. Keep in mind that you are not likely to generate wealth unless you are willing to speculate because in the end all business is speculation. It may be 0.1% speculation but it is speculation nonetheless.
Do not be ashamed of insufficient capital or zero capital. Some of the largest fortunes in history were built using other people's money. You can do this too.
Learn effective time management. If you waste your time in irrelevant tasks that have no connection with your financial success then how can you succeed? Rich people are very focused and though they may appear to just laze around and enjoy life the truth is that they are working hard to manage their time between work and play. It is precisely because they manage their time better that they can work fewer hours.
Steve Seah is a corporate business manager learning entrepreneurship. Grab free reports and ebooks from this site http://www.entrepreneur2b.com and http://www.mywealthcreationstrategy.com
Article Source: http://EzineArticles.com/?expert=Steve_Seah
Nearly everyone has some secret wealth creation strategy. This might be something as simple as improving your qualification or moving to a different job, or maybe starting a home-based business. There are even some who go through a deep study of the stock market and currency trading hoping to make a killer deal one day and then relax for the rest of their life.
Whenever we read something about the rich individuals around us there seems to be a feeling that these people have a knack for making money out of sheer nothing. The truth is that they do not have some secret strategy but their results are based on simple principles that anyone can follow.
Networking is often understood to be something that only marketers need to do but in actuality it is something that everyone must do. If you work with smart and motivated people then you have a better chance of success yourself. So choose the right people to work with.
Rich people never give up when they face difficulties or frustration or there seems no way to proceed. That is the main difference between them and everyone else. If you can stay persistent then you increase your chances of making money. Note that this does not apply to the gambling mentality.
You need to be a decision maker. People who hem and haw in confusion never get anywhere. To be a good decision maker you need to understand the issues involved so you can rapidly decide what is in your favor and what is not. In other words, do not start something you fully understand.
If you look around you will find that most people are busy doing the same thing and none of them are getting rich. To get rich you need to think a bit differently and come up with new ideas. These ideas can also come from information you acquire elsewhere. If you are interested in the stock market then read business magazines to know how the market is.
A timid person succeeds by chance. It takes courage to grip your fate by its horns and turn it the way you want. You must be bold and strong and willing to take calculated risks. Keep in mind that you are not likely to generate wealth unless you are willing to speculate because in the end all business is speculation. It may be 0.1% speculation but it is speculation nonetheless.
Do not be ashamed of insufficient capital or zero capital. Some of the largest fortunes in history were built using other people's money. You can do this too.
Learn effective time management. If you waste your time in irrelevant tasks that have no connection with your financial success then how can you succeed? Rich people are very focused and though they may appear to just laze around and enjoy life the truth is that they are working hard to manage their time between work and play. It is precisely because they manage their time better that they can work fewer hours.
Steve Seah is a corporate business manager learning entrepreneurship. Grab free reports and ebooks from this site http://www.entrepreneur2b.com and http://www.mywealthcreationstrategy.com
Article Source: http://EzineArticles.com/?expert=Steve_Seah
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