Wealth Creation Blog

A complete wealth creation education is a complex thing. At the beginning, you have to learn how to change your attitude and mindset to be able to welcome money and create wealth. The How of it comes later, but is also an important part of becoming financially secure.

Where Do The Wealthy Make Money?

For the answers, look to the wealthy—just as we’ve done to learn how to achieve the right mindset for wealth creation. The wealthy make money in three basic areas—areas Jamie McIntyre calls the “3 pillars of the rich.”

Here are the pillars of the rich that the wealthy use to make money from money:

1. Business—the rich invest in good quality businesses, but not to create a job for themselves, to make money without having to be there. This is different than opening up shop or owning your own service business.
2. Property—real estate has historically been a great place to make money. But again, the rich do this differently. They invest in properties that are assets not liabilities, which is what homes really are.
3. Stocks and Shares—sure there’s risk, but it’s risk that pays off, and that’s what makes the wealthy rich. However, the rich also know how to offset that risk and prepare themselves ahead of time so that stock market risk is affordable.

Tell Me Something I Don’t Know

You probably could have guessed that these are areas where the rich make money and get richer. But what you don’t know is that it’s not done in quite the way you might have thought. The rich do things differently, and that’s why they succeed in wealth creation. The key to wealth creation success is learning how to invest money in these areas in a way that is planned, well-thought out, and sustainable. That is what the rich really do differently, and that is precisely the reason you need to have a great wealth creation program to guide you to make money sustainably. When you can do that, you can really be wealthy, not just have money for the time being.

Sean Rasmussen
Wealth Creation Blog
UniversalWealthCreation.com © 2004 - 2008

Many of us, particularly those of us with children, never step foot in a bank anymore. Unless we make special plans to leave the kids at home, we’re doing our banking online and at the drive-up teller. What impact might this convenience banking atmosphere be having on the efforts of our children to create wealth?

The Good, The Bad

Convenience banking is resulting in a generation of children that have no concept of the reality of money. In wealth creation, that could be a blessing or a curse; which one it becomes depends largely on you as parent and/or mentor.The good news is that convenience banking raises children to think that money isn’t real. As we learn in wealth creation, money really isn’t real; money management and investment is nothing more than paper transactions in reality. It takes no “real” cash money to buy anything anymore—not fast food, not clothes, and especially not the big things like real estate and stocks. This is beneficial in that kids don’t get so hung-up and fearful of money.

The bad news is that convenience banking raises children to think money isn’t real. They have no idea about the actual cash backing debit card transactions and credit lines. They lack the concept of working for money to pay for a purchase. Children learn today that you buy what you want with plastic, but don’t often see the work and pay side of things. They learn to focus on the materials of life, not the money behind them. Instead of learning to save and build wealth, children learn to spend and become indebted to the banks. Later, they learn how to struggle to pay for it. It’s a backwards understanding of money systems.

The Answer

You can help your children and use this convenience banking phenomenon to your advantage as a teaching tool. How? The same way you help yourself learn to manage money and create wealth—with a wealth creation education. By giving your children more of a financial education, you will garner the benefits of the convenience banking mentality without the liabilities of the spending and debt trap. Include your children in wealth creation, and let them learn with you before creditors teach them the hard way.

Sean Rasmussen
Wealth Creation Blog
UniversalWealthCreation.com © 2004 - 2008

I hear all too often that wealth creation is overwhelming for people, and that they don’t believe they could ever grasp enough of the concepts to make money and become financially secure.  The fact is anyone can create wealth.  You only have to be willing to take the first two simple steps, and everything else will follow. 

The First Step: Savings

The people who live in the richest nations of the world are the poorest savers.  Savings used to be a mainstay of individual finance, but it has been tossed to the wayside in the interest of owning ‘things’, appearing wealthy, and meeting the bills.  As a society (an international society, as this applies to people in many wealthy nations), we’ve lost the ability to mind our own money-coffers and pay ourselves first.  The result is that we’ve lost the security of savings (money in the bank) that allows us to afford the risk involved in bigger and better investments. To succeed and create wealth, you have to be able to pay yourself.  You have to build some savings.  Start as small as you need to, but start TODAY!  Money has a way of growing money, and even a meager savings is enough in the beginning.  More importantly, small savings will develop the habit and routine of savings, of putting you at the top of your list of bills, making you a better saver as time goes on. 

The Second Step: Financial Education

More accurately, a wealth creation education.  Having money in the bank isn’t enough.  You also need to learn how to develop a mindset that allows you to put your own finances first and allows you to part with your hard-earned cash; and you need to know how to do that.  What teaches you those skills?  Wealth creation.  A strong wealth creation education will show you how to go the distance with your savings and income so that one day your day-job will be optional. Don’t feel as though you have to know it all from the start.  Just know where to start to make money and create wealth.  Start saving today and start getting educated in making money and building wealth—in being wealthy.  You’ll find the rest will come as you go. 

Sean Rasmussen
Wealth Creation Blog
UniversalWealthCreation.com © 2004 - 2008

Our wealth creation systems may have had its start in Australia, but you don’t have to be an Aussie to benefit from it.  Given the timeless and culturally non-specific nature of wealth creation, anyone can benefit from a good program like this.  Here’s why… 

Trading & Investing Are Global Money Makers

 All major nations are trading globally.  With the virtually real-time access we have to foreign markets, you can be trading and investing around the clock.  The money systems that run the markets are basic and applicable across international lines.  Even those not engaging in investments via the share markets can benefit from international investment if they like—real estate is everywhere in the world, too. 

Financial Lessons Are Constant

 I touched on this above—the money systems that the world runs on are basic and designed in such a way as to integrate with one another.  Therefore, the financial strategies that are used to make the best of them are, too.  Good wealth creation systems teach flexible investment strategies that can be utilized regardless of country of national origin. 

Mindset Is Eternal

 This is the biggest reason why wealth creation is not dependent on any one culture.  The mindset of success is the same virtually everywhere.  The thoughts and actions that have made rich men and women rich for centuries remain the same.  Success and financial intelligence are the same no matter what nation’s flag you were born under. As we know, mindset is 80% or better of what makes a rich person rich.  Teaching wealth creation is more about teaching mindset than it is about teaching investment strategies.  Teach a person how to think and live wealthy, and you are at least 80% there. Wealth creation is a concept that recognizes no national boundaries.  In today’s ‘global economy’, anyone can be rich; all that is needed is the knowledge that is can be so and a good education in creating wealth. 

Sean Rasmussen
Wealth Creation Blog
UniversalWealthCreation.com © 2004 - 2008

The typical debt cycle of the working family goes something like this:  

* Graduate school/university/college

* Get a good job

* Start going after the ‘things’ you want in life

* Use credit to get ‘things’ (to appear & feel wealthy)

* Become debt-heavy, cash poor

* Work week to week to meet the bills

 The typical debt cycle of the wealthy goes more like this: 

* Graduate school/university/college

* Get a good job

* Start building a base of savings

* Start buying assets/investing (things that make money)

* Keep job to fund more asset procurement

* Create income stream from assets

* Buy ‘things’ with cash money or asset-backed credit

* Gradually replace job income with asset income

* Retire early

The key difference between these two is the focus

 Early on, the working class (those who do not break out and create wealth; even the wealthy can start off in the working class) focuses on attaining the ‘things’ in life that they feel will make them feel wealthy and/or appear wealthy. The wealthy place the focus on building cash stores and investing—putting that money to work in the form of asset procurement; they worry not about ‘looking’ wealthy because they know that surely will come in due time. 

The good news is that it is never too late for the working set to break out of this cycle.  If left unchanged, the cycle will simply repeat itself into and beyond the retirement years.  The working man or woman will be lucky to retire at all, and many will become dependent on family or government; a few will have accumulated adequate retirement funding. Any time is a good time to break this cycle.  It does not matter one wit what your current financial situation is.  You can be buried in debt without an extra cent and you can make changes today that start you on the road to wealth creation.  It’s time to put yourself and your loved ones first and break the debt cycle with wealth creation.

Sean Rasmussen
Wealth Creation Blog
UniversalWealthCreation.com © 2004 - 2008