The simple truth is there are no secrets to becoming wealthy. There are, however, a set of specific steps to becoming wealthy that are sometimes so obvious they get overlooked.
If you decided to read biographies of 10 of the wealthiest people you have ever heard of, and outlined the steps they took to become wealthy, you would soon discover the common denominators of their success.
What if it were that simple? Good news, it is!
So why aren't you and the majority of the population wealthy? Remember, wealth is available to everyone, and creating wealth is simple, however, building wealth is not easy, or everyone would be getting wealthy.
Creating an absolute abundance of income in your life is not some specially guarded secret formula that only a select few are clued in on.
The bookshelves are lined with true stories written by wealthy people who can't wait to tell you how they did it! In this course, I have drawn from the top minds and mentors among the wealthiest people in the world, to bring you a concise summary of the basics of becoming wealthy.
1 - You don't know how - (Yet!)
2 - You are unwilling to apply what you know.
Success leaves clues. Over the next few days, the Financial Fitness System will simply point out the common denominators of creating wealth, then show you how you can immediately apply that knowledge.
Before we are through, you will have the ability to act on this new knowledge and be well on your way to creating financial abundance in your life.
Here are the 7 key points to remember from today's lesson:
1. Wealth is a choice, not a chance.
2. There are no secrets to wealth.
4. The rules are simple but not easy.
5. You can learn the rules.
6. You can follow the rules, or choose not to.
7. Realize that it's your choice.
Your Next Step!
What You Need to Do NOW
A dream without action is a fantasy... a dream with work becomes a goal!
Today's lesson has been brief, you now know you have the power to choose to become financially fit. Before we dive into wealth strategies in the next experience, it's essential to determine if you want to create wealth and why.
Again I will assume you have the desire to better yourself financially, or you wouldn't be here. I will provide the knowledge, but only you can give the action.
So with that in mind, in each day's lesson, you will have concise Action Steps to complete, and a daily audio experience to listen to as homework assignments.
Today you will end your first Action Step. Don't panic, it's simple, but like building wealth, some of the answers may not be easy. Do you see how this works?
Today we begin at the beginning, your present Financial Condition. Just like stepping on the scale or staring into the mirror, it may be slightly unpleasant, or not what we would like, but it is, what it is!
The sooner you have an accurate picture of where you are financial, the sooner you will be on your way to becoming financially fit.
Q: What is the total amount of assets that you have accumulated so far in your life?
Include cash, savings, checking, money market accounts, the current value of any stock or mutual funds you may own, and the proportion of the equity in your home.
Q: What is the total amount of liabilities that you have accumulated so far in your life?
Include your property loan, your credit card balances, student loans, personal loans from family or friends, automobile loans, loans against insurance policies, or any other money that you have borrowed but have not yet paid back.
Q: Subtract your total liabilities from your total assets, and write down your "Net Worth." (this number can be, and sadly all too often is a negative number)
As many individuals have observed, "Success leaves clues" It is simple!
Well, perhaps hard, however, there are fundamental principles. From the belief Most of Us need to be reminded of these frequently, here are the few secrets which have helped me Through the Years:
Concentrate on values. I have known individuals who made some cash, but I have never known anybody who got wealthy without analyzing their values, beliefs, and priorities.
Begin by writing down a list of items you appreciate, things you think, what you would like, and what exactly you intend to do for this unbelievable lifestyle you've got.
1. Begin with your worth.
Before it is possible to handle great riches, you have to make space for it. Attempting to squeeze achievement, money, fame, or fortune into a little life will not work. Produce a lifetime; the lifestyle of your dreams will accompany.
2. Eliminate clutter.
Attempting to make success and attain wealth while your life a wreck will not get the job done. Success requires clear priorities and fervent dedication. Remove the explanations. Clean everything up which distracts you from attaining your primary objectives.
3. Establish your outcomes-
Nobody can reach a target that they can not see. Establish your results and establish apparent, attainable effects beforehand. Have quantifiable, specific issues and decide you will achieve them!
4. Burn your ships-
There is an early tale about a Greek general who landed his troops onto an enemy coast, then burnt his boats. He wished to make it rather apparent: Retreat and collapse were not an alternative! Leave no space for failure.
5. Nobody will pay you more than your providers are worth it!-
Get clear about this! You simply can not fool people long. Your services, along with your outcomes, have to be a lot more precious than the small fee you charge. Some individuals will rip you off; the remainder will make you wealthy!
6. Live under your means-
Rich men and women know this. Wealth is gathered, re-invested, used sensibly, and handed away, It's never spent! Allow the budding athletes and people who win lotteries purchase fancy cars and flashy jewelry. If you would like to attain great riches, live only, invest wisely, love all of it!
7. The trick to great wealth would be to minimize earnings while maximizing your resources-
Income becomes invested -- think about all the automobiles, ships, diamonds, and homes people with enormous incomes like to purchase! Purchasing assets that are hard to invest (buildings, bonds, and stocks, collectible artwork, etc.) generates wealth that's not taxed and is not spent on a casual urge.
Conclusion -
Wealth is available to everyone, regardless of education, background, age, race, or any other excuse you may have heard in the past. Wealth plays no favorites, it only responds to a specific set of actions above.
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