The Most Effective Way to Wealth

"It is true that money cannot buy happiness but it does help you to enjoy what the world has to offer."

With wealth many things are made possible. Fine home furnishings, travel, nutritious food, jewelry, charity and gratification.

Three big mistakes un-wealthy people make is 1) spending all of their income without saving any for future needs, 2) taking advice from those not qualified or experienced, and 3) expecting government or others to support them with handouts.

Alternatively, the wealthy have decided a part of all they earn is theirs to keep. Or stated another way, the proven path to financial success is to make sure you live on less than you earn.

Keep a long term perspective about wealth and focus on net worth growth versus just what is coming in and going out in the short term.

(In case you didn't know, the term net worth refers to the value of all assets minus the value of all liabilities.)

Do you have a plan to keep a part of all you earn? Have you implemented your plan? Are you on the road to wealth?

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Post inspired by the Ultimate Success Program and Og Mandino's University of Success.

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How To Turn Your Desires Into Reality

"What you are about to learn was worth $100,000,000 to Andrew Carnegie."

Your thoughts and desires are things, and they are the seedlings of all you will have and become.

Are your desires just hopes, wants, or wishes? Be advised, they must reach the level of a burning desire for them to be transformed into reality. Is your desire stong enough?

You must have the burning desire to acquire each goal, along with a workable plan to accomplish it, and the never-give-up persistence to keep moving forward past obstacles that seem to be in your way. Almost all who succeed in accomplishing their desires pass through struggles on their way to achieving them.

Here are six practical steps anyone can use to transform their desires into reality:

1. Decide specifically what you want / desire.
2. Decide exactly what you will give in return for your desire.
3. Set a definite date for achieving your desire.
4. Create a specific plan and begin working it immediately.
5. Write your answers to the previous 4 steps in a clear statement.
6. Read your statement aloud twice daily, once upon rising and once before going to bed.

As you read your written statement aloud, it's important that you see, feel, and imagine that you already possess your desire.

See this great poem by Jessie Belle Rittenhouse to help you through times of doubt or struggle.

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Post inspired by the Ultimate Success Program and Og Mandino's University of Success.

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Important Steps to Build Wealth

"The acquisition of money has always been a simple matter to those who can practice a little discipline and follow a few rules."

Q: What is the "secret" to creating personal wealth and achieving true financial security?

A: Making sure your income exceeds your outgo.

Sound simple? Yes. Hard to do? Yes, for most people it is.

One way to build wealth is to automatically pay yourself first. If you continue to think that you will save what's left over you will rarely save anything. Treat your savings as one of your highest priority bills that must get paid. Once you've established the habit of paying yourself first you will find more satisfaction in rationale saving than in irrational spending.

Another method of building wealth is to use debt and credit only for acquiring appreciating assets. Proverbs 22:7 says "Just as the rich rule the poor, so the borrower is servant to the lender." Do you really want to be in the servant role? Just like “Do It Now” conquers procrastination, "Pay As You Go” conquers the improper use of debt and credit.

Remember, no one cares about creating wealth and taking care of your assets more than you do...

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Post inspired by the Ultimate Success Program and Og Mandino's University of Success.

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