Wealth Building 101: A Primer
Establishing your wealth is a very excellent topic, and for good reason: most of us want to enjoy financial freedom and abundance in our lives! We all have different definitions of “wealth” – for some it’s millions or even billions of dollars; for others it’s simply the ability to comfortably maintain the lifestyle we want.
The great news is that, no matter how much (or how little) money you need to be “wealthy” by your definition, you can have it. No ifs, ands or buts – you can manifest the wealth you want… but there are 3 special steps you need to take to get started. These 3 steps are an essential foundation to building true wealth, yet many of us ignore them or are unaware of their importance!
Believe that you’re worthy of the wealth you want, and see yourself as already having it.
Indeed wealth building actually has very little to do with the way you earn money. It has much more to do with your internal beliefs and perceptions about money and wealth: in other words, your relationship with it. Get your beliefs and perceptions positively aligned with wealth, and the “wealth building” part will happen almost automatically!
For a good indication of your existing beliefs about money, take a look at your current financial situation. If it’s not the situation you want, then you need to change your beliefs – they’re what got you where you are today! Contrary to what many people think, life doesn’t just “happen” to us. We actually create our entire life experience based on our beliefs; those who enjoy the life experiences they want have simply learned to adopt matching beliefs, and they act according to them.
To change your wealth beliefs, begin by looking at how you feel about wealth. What do you focus on when you think of money? What does your self-talk (the “little voice in your head”) say to you when you think of wealth? Do you look at your surroundings and focus on a lack of wealth? Are your finances a source of worry or anxiety? Was money a touchy subject when you were growing up? Is it now? When you see others with a lot of money are you envious of them, or happy for them?
Write down all of your beliefs about money. Be totally honest with yourself and don’t leave anything out. Next, consider the level of wealth you’d like and see if your beliefs match it. Chances are some, if not all of them, won’t.
Now rewrite any beliefs that don’t match your desired wealth level. For example, “Money doesn’t grow on trees,” could become “Money is everywhere; it flows to me abundantly and effortlessly.” “I don’t have what it takes to be rich,” could become, “I enjoy a massive, lucrative income from doing things I love and enjoy, with absolute confidence and competence.”
Those are just examples, but you get the idea. Our thoughts and beliefs create our life experience – so if you want a positive wealth building experience, your beliefs around wealth and money need to be positive too! Practice reciting and affirming your rewritten beliefs; really feel yourself adopting them and take them as your own. You’re programming your subconscious with new, positive beliefs about wealth, and with consistent input you will see results quickly!
Determine what you love to do, and take action to build wealth with it!
It doesn’t matter if you work for someone else, for yourself, or if you own a company and employ others. You can make a lot of money doing almost anything, although it’s true that most very wealthy people work for themselves or own their own businesses. But working for someone else can be a stepping stone to starting your own business. In fact, working in an industry you’re interested in can be a great way to learn about starting a business of your own.
What’s really essential is that you enjoy what you do; that you approach it creatively and do it with passion. Talk to anyone who is truly wealthy, financially and otherwise, and you’ll find that they’re almost always passionate about what they do.
As with Step 1, to determine what you love it’s important to write things out. This helps you organize things mentally and also generates positive input for your mind – it becomes the “raw material” that you use to generate ideas.
So think about what you love to do. What are your hobbies, interests, passions? What do you totally love to immerse yourself in? When you’re in “the zone,” what are you usually doing? Ask yourself the following questions: “What would I do, or create, if I knew I could not fail?” “If I had the time and freedom, what would I do whether I was paid to do it or not?”
These questions can help you determine your passions. Once you’ve written down your answers, put your mind to work. Brainstorm and research ways that you could make money from these things: business ideas, jobs, products, services and so on – whatever applies best to your particular passions. Remember: anything is possible, so don’t leave anything out!
Once you’ve created your list, go back and refine it. Pick the ideas that feel best to you – the ones you really feel excited about! Then look at ways you could put them into action… and take that action! Make sure you move forward consistently, even if it’s just baby steps at first. Some of the biggest corporations in the world started from tiny one- or two-person operations; they succeeded because their founders took consistent action, one step at a time! And some of the wealthiest individuals in the world got that way simply by doing things they loved to do.
Make sure you create value for others.
This is essential. Whether you work for yourself or someone else, your success with wealth building depends on how much value you provide for others.
That’s all money is: a means of exchanging value. As a business owner, you receive money in return for the value (products and/or services) you provide to your customers or clients. You can then exchange that money for things of value to you or your business. As an employee, you receive money for the value you provide to your employer, or your employer’s customers or clients. You can then exchange that money for things of value to you.
The more value you provide, the more wealth you can make. Should people decide that what you offer is of value to them, they will gladly exchange money for it. By overdelivering on what you offer – in other words, by providing people with great value for their money – you virtually guarantee that you’ll build wealth!
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Topics: Wealth Building | Comments Off
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Brite, Maricon "Wealth Building 101: A Primer." Wealth Building 101: A Primer. 3 Feb. 2012. uberarticles.com. 22 Apr 2012 <http://uberarticles.com/finance/wealth-building/wealth-building-101-a-primer/>.
APA Style Citation:
Brite, M (2012, February 3). Wealth Building 101: A Primer. Retrieved April 22, 2012, from http://uberarticles.com/finance/wealth-building/wealth-building-101-a-primer/
Chicago Style Citation:
Brite, Maricon "Wealth Building 101: A Primer" uberarticles.com. http://uberarticles.com/finance/wealth-building/wealth-building-101-a-primer/
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