Archive | Wealth Creation

Work to Learn

Work to Learn

One of the best ways to create substantial wealth is to set up your own business. However, not everybody has the skills, confidence or entrepreneurial flair to build a business from the ground up, or even to buy an existing business and grow it. Being an employee puts a definite cap on how much wealth […]

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The PYF Principle for Growing Wealth

There are two golden rules for creating wealth that stand out above all others. The first, and most important, is to Spend Less Than You Earn. The second is to Pay Yourself First (PYF). Under the PYF principle, you give yourself top priority when it comes to deciding how to spend your income. Pay Yourself […]

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Safety Net for Entrepreneurs

A Safety Net for Entrepreneurs

It goes without saying that one of the reasons entrepreneurs are successful at growing wealth is that they are risk takers. Some entrepreneurs argue that in fact there is little risk in what they do, because they fully analyse the financial implications of their wealth-building strategies before they part with their money. Even so, they […]

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get-rich-fast-or-slow

Get Rich Fast or Slow

Get Rich Fast or Slow The rate at which wealth grows is determined by three things: the difference between your income and your outgoings (that is, how much you save), the nature of your assets and the nature of your liabilities.   Saving Income is a flow of money which can be either spent or […]

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A business or a job

A Business or a Job?

A Business or a Job? Owning a business is often touted as a great way to increase wealth. Wealth coaches urge employees to give their jobs and start a business to get themselves on the path to riches. So, is owning a business the path to riches? It depends. There are several ways to get […]

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Safety Net

Your Financial Safety Net

Your Financial Safety Net Life is not meant to be boring. It is for living to the full, making the most of opportunities and taking a few risks along the way. A financial safety net to protect you when things go wrong is a key part of creating and preserving wealth. The degree of risk […]

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Magnify Your Wealth

Magnify Your Wealth

Magnify Your Wealth One of the most powerful and fastest ways to build wealth is to use the principle of leverage. Leverage simply means to borrow money to invest in the expectation that the net returns from the investment will be greater than the interest payable on the loan. Leverage can be thought of as […]

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Win

The Win-Win Strategy for Creating Wealth

The Win-Win Strategy for Creating Wealth Jay Abraham, a well known American business consultant, once said “The key of life is value. Value is not what you get, it’s what you give. It’s figuring out what’s important to other people not just you. The real fast track for getting everything and more than everything you […]

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The Three Most Important Financial Concepts

The Three Most Important Financial Concepts According to wealth guru Robert Kyosaki, there are three important financial concepts which, if you understand them, will greatly increase your prospects for building wealth. These three concepts are assets, liabilities and cashflow. They are inter-related and the trick is to get them working together to maximise your wealth. […]

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Become Richer Through Contentment

Become Richer Through Contentment The famous 18th century philosopher Jean-Jacques Rousseau once said “There are two ways to make a man richer: Give him money or curb his desires”. The more money we want, the poorer we feel. The perception of wealth is relative and whether we feel rich or poor is determined not by […]

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SuccessRock

Habits of Financially Successful People

Habits of Financially Successful People Achieving financial success in life has little to do with academic qualifications and everything to do with habits and mindset. Observing, reading about and mixing with financially successful people are good ways to understand what makes them successful. Financially successful people are generally not motivated by the trappings that money […]

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Balance

Balancing your Assets

Balancing your Assets The measure of your wealth is the difference between the value of your assets and the amount of money you owe to others. Wealth is generally accumulated over your working life, reaching a peak around the time you retire, and then diminishing through retirement. Of course, for some people, it is not […]

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