Saturday, April 25, 2009

MILLIONARE HABITS 2

What do habits have to do with wealth creation and becoming wealthy you may ask? To be honest and upfront with you right now.

Being rich & wealthy is a process; it is actually a journey filled with a set of principles.

That is where this sets of habits come into place. If you can not even master these habits, forget about becoming wealthy. It could be too ardous nd tiring for you.

Here are the wealth habits exhibited by the rich:
  • Do more than expected
  • Be proactive - Make things happen
  • Delayed gratification - Invest more than you spend
  • Do what you love
  • Constant and never ending improvement
  • Make it a must - put yourself on the line
  • Have integrity
  • Have discipline - stick to your rules
  • Play win - win
  • Turn failure into feedback
  • Proper preparation; make proper research before starting any project
  • No excusses; excuse can not get the job done. You can move from failures to success not from success to excuses
  • Don't ask mentors for money; ask for methods or blue prints.

These principles, values and habits are universal and they are the cornerstone for wealth creation. Make them a part of you.

In this way, you are infact investing in yourself. When you start investing in yourself, you will begin to expand.

Through self improvement and expansion, these internal resources will enable you to generate the riches and abundance in life.

Sunday, April 19, 2009

WEALTH CREATION

WEALTH refers to some accumulation of resources, wether abundant or not. Money is not wealth, but they are related. Money is amedium of exchange. It is a by-product of specialization.

RICHNESS refers to an abundance of such resources.Awealthy (or rich) individual, community, or nation thus has more resources than a poor one. Richness can also refer at least to basic needs being met with abundance widely shared. The ooposite of wealth is destitution. The opposite of richness is poverty. Wealth is unlimited. It is limitless (not limited to location), and its all around us. Wealth can be accessed by any race or religion as long as principles are applied.

CREATION is the act or process ofmaking something new, or causing something that is not in existence come into existence. Creation is not buying and selling. There is no creation without the use of mental skills.

Friday, April 17, 2009

What we are about to share today is going to be life altering and destiny changing. Itwill help us as students of wealth creation to have precise knowledge of creating personal wealth.

Before we go on,it is important to define some key words that we will come acrss.
1. Principle
2. Wealth
3. Creation

1. PRINCIPLE is a power word, a word to know. It is the underlined law of a system of thought, the basic wayby wich things work, the template, the mould. Discussion of principle is like knowing the foundatios. There is no limit to wealth creation; you just have to understand the mould and how it works.

There are four rules of principles:
a) It will always be true; which means that the cause will always produce the same effect.
b) It has no exception. It is not a respecter of persons, race or sex. the same principles work for everybody.
c) Violations of principles carry cosequences.
d) It has nothing to do with emotions.


Thursday, April 9, 2009

MILLIONAIRE HABITS

So much about wealth creation, so many definitions,and thoughts and so on. This has made so many people to have a wrong understanding and knowledge about creating wealth.

With tumultous weeks behind us in the stock market, both in America and overseas, many investors are wondering how to preserve and continue to grow their ealth. Despite the recessionary fears and uncertainty that are plaguing the rollercoaster performance of the market, these underlying principles to londg-term wealth creation remain the same.

Creating wealth is not about the change of ones name, religion, work or address but rather is about principles. The power of principle is that it gives the same results every time anyone anywhere applies it.

This leads us to accept that the principles governing wealth creation can be summed up by the following equation: Time + Energy and / or money (invested into a system) = Money Creation. If we say that Time + Energy = Money, the following also holds true; Money (invested into a system) = Money.