Well, the New Year is around the corner and so are New Year's Resolutions! It's such a great time of year to consider what the past year has brought us and what we want to create in the coming year.
To help you get started thinking about the coming year, we are publishing a series of articles on top wealth creating habits. This series of articles will feature simple and practical ways that you can begin easily creating wealth in your life, no matter what your current situation. Ready? Let's dive in!
Chances are, if you're reading this article, you're not wealthy yet. Chances are also that you are an employee, working for someone else, or you are a business owner but your business has not yet made you wealthy. In either case, haven't you dreamed of being a wealthy business owner, whose business generates continuous wealth and income? Most of us have?but most of us also run up against the brick wall of not knowing how.
The best way to get started becoming a business owner with very productive employees is to get a business and hire some great employees. Now, most of us aren't able to do that overnight, or we would have done it already, right? Wrong!
If you consider your money (assets or cash) as your employees, then you are an instant business owner. Voila! Think about it. When you invest your money or apply it toward a productive entrepreneurial venture, your money works just as hard to produce an income as you do when you go to your daily job. In fact, it works harder than most employees do ? money has no family or personal problems and doesn't argue with you. When you put what available money you have to work for you, you are now a business owner with employees (your money). When you realize that money has the potential to work just as hard as you do, then you've just enlightened yourself with one of the top wealth creating habits!
Now, to get a productive business that earns a good return for you, you need to keep adding "employees" to your business by saving your money and investing it. Whether it's a dollar or twenty dollars, every "employee" counts. The wealth creating habit you want to cultivate in this regard is to save and invest your dollars rather than spending them on things that will give you short term pleasure but no long term benefit. Remember that every dollar you turn into an "employee" rather than spending in the moment will work for you for the rest of your life! Think about that the next time you feel tempted by some new trendy thing you've just got to have!
How can you get started on building this wealth creating habit in your life? It's easy. At the beginning of each day, spend a few minutes experiencing what it would be like not to have to go to work every morning, but to be able to choose whether you want to work or not. During the day, as you are faced with spending choices, bring that experience back into focus to help yourself choose wisely. At night, keep a journal of your spending decisions for that day and note what percentage of the time you chose wisely. Your goal? To increase that percentage gradually to 100%.
Most experts say that it takes 21 to 40 days to create a solid new habit. That's not long when you think about it. All you have to do is get started ? now. Good luck!
About The Author
Stephanie Yeh is deeply committed to the study and experience of prosperity and to helping other people achieve and experience prosperity. With the help of a strong 15-year network marketing business, Stephanie and her partner have helped many people achieve their prosperity goals. Her current project, the Journeyman Wealth Program, is aimed at helping 15 people a year fully achieve their dreams. Stephanie's Prosperity Abounds website works on the basic principle that "You are the creator of your own reality!". Get more details on her website at http://www.prosperity-abounds.com; http://www.prosperity-abounds.com
express cleaning service Arlington Heights ..How Much Money Will I Need to Earn to Retire?This... Read More
There could not be a better time to mull over... Read More
In theory the idea of generating additional (and passive) business... Read More
Perhaps the primary message of Rich Dad, Poor Dad is... Read More
Most people know it's important to keep and organize all... Read More
There are few things in life that are more stressful... Read More
Author: James Walsh ISBN: 1563431696: Publisher: Silver Lake PublishingIn... Read More
The cashflow board games, Cashflow 101, Cashflow 202, and Cashflow... Read More
Most people want to get to the end of their... Read More
This 4,000 acre sale (now a marina and resort town... Read More
Time and time again entrepreneurs are losing out on getting... Read More
In most societies, we are raised to believe in the... Read More
It is with great pleasure of having you here at... Read More
Have you wondered why financial experts only tell you certain... Read More
The word 'diversity' is a unique one. It can represent... Read More
When Building Wealth by Russ Whitney was released a few... Read More
Living on credit is fashionable. Indulging oneself is fashionable. Saving... Read More
When you purchased your home, you most likely got a... Read More
As you sit in traffic, inching along between irate drivers,... Read More
It's no secret that the market goes UP...the market, goes... Read More
Let's quickly review the principles discussed in the first part... Read More
Wealth - an abundance of values. Each of us determines... Read More
Wealth Secret 1 - Decide Your Outcome Right Now.Unless you... Read More
This retirement account is so new and unique that you... Read More
Look at Forbes' top 10 United States wealthiest people. Notice... Read More
tidy up service Arlington Heights ..Are you setting the right money goals?Most people believe having... Read More
Some people in this world are thinking that their poor... Read More
No matter what income level you are currently at, generating... Read More
There is perhaps no more important decision than to take... Read More
You can't build a house from the roof down, and... Read More
This 4,000 acre sale (now a marina and resort town... Read More
U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More
We talked recently about the wealth formula:Spend less than you... Read More
As someone who loves to shop, enjoys holidays and owns... Read More
As many people have observed, "Success leaves clues." If you... Read More
Not Enough Money?I believe that most people haven't got enough... Read More
What is "The Commodity of Kings""Power is simply "the ability... Read More
The business of banking has changed dramatically over the last... Read More
Is it hard to get rich? If you're young, not... Read More
You may think you have to be an entrepreneur to... Read More
Okay. So money doesn't really grow on trees. Unless you... Read More
An ellipsis to your success is hidden in the word... Read More
Here's the truth: I have read hundreds and hundreds of... Read More
"It's the business of your life?and you're the CEO!" Gala... Read More
Offshore strategies may or may not be right for you.... Read More
At any time in history, no matter what the current... Read More
Masters degree not required...just a little common sense, a $5.00... Read More
The idle are a peculiar kind of dead that cannot... Read More
As you know, we're now well and truly in theInformation... Read More
Loose change that is, if you want a easy way... Read More
Wealth Building |