Archive | Wealth Creation

Feeling Wealthy

Feeling Wealthy

The concept of wealth is a mind-set rather than a number. There is no such thing as a threshold of net worth which, once exceeded, defines you as wealthy. Quite simply, you are wealthy if you feel wealthy. Research shows that most people feel they are not wealthy regardless of their net worth. Robert Frank, […]

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Lessons From Your Garden

Lessons From Your Garden

If you want to know how to manage your money and create wealth, look no further than your garden. The principles you use to create a beautiful, flourishing garden are exactly the same as you need for wealth creation. Let’s say you are starting with a bare piece of land to create your magnificent masterpiece. […]

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Leverage

Leverage Your Way to Wealth

There are two ways to build wealth – the slow way and the fast way. The slow way involves saving and investing part of your income over a long period of time, in other words, building wealth using your own money. The key to building wealth faster is to use other people’s money; that is, […]

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Financial Freedom

From Financial Stability to Financial Freedom

Financial freedom is a concept that most people aspire to, but which few people understand and even fewer people achieve. The term financial freedom means different things to different people. For some, it means being free of debt, for others it means having a comfortable lifestyle without having to worry about money, but usually it […]

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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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