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Wealth Building Help Article:
Money Mastery
Money can be your servant or it can be your master. The choice is yours to make. If you want to be the master in this relationship, you must learn to assert your control.
This process is simple. It may not, however, be easy. You are habituated to certain beliefs and behaviors towards money. The mass mindset of your culture, including the pervasiveadvice of advertisers, banks and advisors, is extremely persuasive in convincing you that you are a servant to money and its mysterious and magical attributes.
Nevertheless, if you have the discipline to enact these simple control mechanisms, you will become the master in your relationship with money and, in so doing, will begin to create thefinancial success you desire.
1. Spend less than you earn.
This is so obvious that it should not even need to be said. However, we live in a society that is predicated to debt financing. If you can't pay cash for it, do without.
2. Pay yourself first.
Take 10% of your income and save it. Don't spend it. Don't lend it. Live off the other 90%. That 10% will build your wealth. It is your foundation.
3. Get out of debt.
The interest you pay on borrowed money, if saved or invested instead, would be enough to retire on. Debt does more than make you a servant to money, it turns you into a slave.
4. Have multiple sources of income.
Reliance upon a single source of income is a recipe for disaster. If your primary source of income supports your lifestyle, your secondary sources will build your wealth.
5. Create passive income.
So long as you work for your money, you are the servant. When your money works for you, it is your servant. Simple, isn't it?
6. Invest in yourself.
Wealth is a product of mind. Expand your mind. Educate yourself about wealth creation. Learn, and then apply, the millionaire mindset secrets of the masters. I give away a free ebookon my website that will help you get the mindset that allowed me to become a self-made millionaire.
Understand that money is not wealth. It is simply an agreed upon medium of exchange that enables you to trade one form of wealth (what you are and what you can contribute) foranother form of wealth (food, shelter, security, freedom, pleasures,etc.
The more value that you can offer, the more valuables you can accumulate. Become more valuable. Invest in you. You will get to have wealth after you become wealthy.
© Leslie Fieger. All rights reserved worldwide.
Leslie is the author of The DELFIN Knowledge System Trilogy: The Initiation, The Journey and The Quest plus many more success publications. He also the co-author of The End of theWorld with Hugh Jeffries and Alexandra's DragonFire with his daughter Ashley. Subscribe to his free and ad-free eZine athttp://www.ProsperityParadigm.com orhttp://www.LeslieFieger.com.
Reprinting and republishing of this article is granted only with the above credit included. Permission to reprint or republish does not waive any copyright.
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There is a theory saying that only 5% of people possess 90% of the world wealth. We need to learn how to become that 5% people.
We all battle with exchanging dollars for hours. Either we work a job and give up our free hours during the day, or night, or we employ others who we have to control like hawks, or we put it all in the stock market and lose it! Passive income is the perfect answer, whereby your presence is not required. The lucky few who enjoy passive income neither work, nor worry about tomorrow.
Everyone wants to be financially secure, but finding the road to that security is a completely different story. Although very seldom is it done, real wealth can be created by putting away money from your 9 to 5 job everyday. The truly wealthy people out there have found many different ways to secure their wealth.
This is going to sound like an obvious statement, but in order to create more wealth, you have to bring more money in every single month. It is funny how few people really work at doing this. You see, many people would like to have all of the things that go along with being wealthy. The vacations, the house and the cars, and the comfort that you can have from having a large amount of wealth. Yet, very few people really actually work to bring in more money into their lives each and every month.
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