Wealth Creation Blog

Yes, it is that time of year when people the world over resolve to improve, but before you get to that, make it meaningful by taking stock of the year just past.

Look Behind To Look Ahead

The best way to set really worthwhile wealth creation goals for the coming year is to take a look behind you to see the financial successes and failures of the year gone by.

A look back on your year will tell you a bit about your efforts at wealth creation. It will tell you

• What worked

• What didn’t

• Where your strengths in wealth creation are (strategy, knowledge base…)

• What type of wealth creation strategy you are most suited to (investments, shares, property, business…)

• Where you are lacking

How’s Cash Flowing?

As you do this, take a look at how your personal finances are arranged. Where is your income coming from and where is it going? What could you do differently to free cash for investment and the creation of financial wealth?

This is an important one, especially if you are just getting started in the wealth creation program. One of the top reasons people do not invest, or never take advantage of programs like ours to create wealth, is that they don’t think they can find any cash to seed their investments.

Assess your income and expenses, read up on where you can find investment money (this was a post a while back, and it is also part of Jamie McIntyre’s book), and commit to finding the cash you need to build the wealth that will secure your financial freedom.

Here are some of the places you should be reassessing on an annual basis to make the most of the cash at your disposal:

• Income—know how much you are really taking in

• Expenses—what expenditures are really necessary? What can easily go?

• Personal property—cash poor? Look at what you could sell off (both the big stuff and the small stuff); this can include untapped property equity, too

• Generous benefactors—friends and family that would lend money to help you succeed.

Get Personal

Financial reassessment encompasses everything in your life. And since the goal of wealth creation is to build a better, more financially secure future for you and yours, I want you to remember to take your reassessment personally. Attend to the financial issues, but pay attention to the lifestyle you want, too. Make sure that as you make financial progress you also make personal progress, because as we know, wealth creation is as much about feeding the mind and spirit as it is about making money. And as we’ve said before, the only real point to all of it is to fund the kind of life you want.

Hoping you find progress in both the year past and the year ahead.

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

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Goal setting is an important part of successful wealth creation. And as we all know, this is the prime time for setting new goals for the year.

Looking Ahead To Wealth Creation

Envisioning your financial success is one of the ways we succeed in wealth creation. Form a vision of where you will be at this time next year, and let if guide you as you set the goals—the path to financial freedom—that will get you there. The practice of setting New Year’s financial goals starts (as we laid out in the last post) with reassessing the year past. With a firm grasp on your current financial picture, make a plan to take you through the next 12 months; make it a plan that ends much better than it starts. No matter where you are in wealth creation, there is always room for more…

Make Wealth Creation Goals Meaningful For You

Everyone’s financial goals for 2008 will be different. Every one of us is starting at a different place, at a different point in wealth creation efforts, and at a different level of understanding of wealth creation.

• For those of you just starting out, and also for many of you who have yet to make a strong showing of investing, the best goal for you might be to find the money that will fund your efforts at creating wealth. Take a look at the list of places we talked about before and figure out where your money will come from.

• Of course, you’ll also need to decide where you will put that money to grow it and make money, but first give yourself a level of protection and spread the wealth around in your life. Take a look at what Jamie McIntyre calls the ‘bucket’ concept; having buckets of wealth will help minimize your investment risks.

• Make it your goal to continue your wealth creation education. No matter where you are in wealth creation, you can always learn more and find new ways to put your money to work for you.

• To this list, add anything that will help you improve your financial future in the year ahead.

One goal worth a mention by itself is savings. If you’ve read Jamie’s book, you know that building a base of savings is imperative to wealth creation and financial success. But almost none of us do it (the wealthy are excepted). This year, set a dollar-figure for straight savings, and work to build a habit of savings—no excuses!!

Wishing you loads of financial success in the New Year…

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

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We talked before about increasing your income by getting what you are worth. No doubt plenty of you left thinking that is easier said than done. If it was that easy to convince your boss to give you that much-deserved raise, you’d have done it already, right? I hear what you are saying, but wealth creation does rely on your ability to access that all-important seed money for investment. And a great number of people have easy access to cash right at their fingertips—if they’d just be confident enough to get what they are worth.

This really goes back to the issue of mindset and determination; if you have the mindset of success, wealth creation will follow. If you know your own worth and believe in it, you will find financial success. If you are determined to improve your life through wealth creation, you will put in the effort to get all that you are worth.

Recognizing, however, that it can seem impossible to tap that worth, Jamie McIntyre has led the way. His method for increasing wealth by tapping self-worth is simple and straightforward.

What Are You Worth?

Many people have a small idea of what they are worth, but no real research to back them. Research, though, is no more difficult than a job hunt.

Take your credentials to other companies and see what they are willing to offer you. Compare that to what you are getting now, and then go to your own boss with the offers. In many cases, a company will sooner step up to the plate and give what they should be giving before they will lose a good employee to the competition (especially now that they know what you can do for that company).

Don’t go in haste, go with a plan. Try to get three offers to back you up. Show that your skills are valuable, that you are willing to move on, and also throw in some bit about the value that you add and can continue to add to your current company.

In the business world, pay increases go to those who ask for them. But yours will be better still if you do more than ask—prove your worth! Prove your worth (even though your company probably already knows), show that you have options, and be prepared to move towards those options if your current employer won’t match your terms.

You’ll know just where you stand in terms of worth and valuation. That’s an important lesson to learn on the path to wealth creation.

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

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Since this week we are so focused on the future, I want to take a minute to remind you about how you can use even small efforts to improve your financial outcome in a very big way. We talk a lot about attitude and mindset. We do this because we know that mindset and attitude are the two things that have the biggest impact on wealth creation. And we talk a lot about how important it is that the wealth creation mindset is positive—an attitude of success, determination, and perseverance. A positive wealth creation attitude will improve your financial situation all by itself—even if you never do anything more to advance yourself towards building wealth (knowing, though, that without further action there is a limit to the wealth you’ll create). How can that be so?

Setting Up Dominoes Of Wealth Creation

Think of your financial future like a game of dominoes. Each result is the consequence of the action that precedes it. Just like in dominoes. One move causes the next, and the next, down the line until the end.

If your efforts at creating wealth are based in negativity, they will be counterproductive. Your results will continue to be negative, and they will continue to cause negative consequences on down the line.

If your efforts at building wealth are based in positivity, they will be productive. Positive outcomes will cause more positive outcomes.

Dominoes are a good visual example, but really the consequences of your attitude and mindset are about the attraction. Positivity attracts positivity; a positive attitude clears the way for more good things to come—it opens the door to attracting wealth.

Negativity repels wealth and shuts it out. The spaces in your life are crowded by negativity and old debts, old ideals, old frustrations. Your bad attitude makes you look for and expect more of the same. And you find exactly what you are looking for.

This year, make a point of looking for the positive. Make that the reality that you find. Set yourself up for the greatest and most wealth-producing game that you have ever played. Set yourself up for natural wealth creation!

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

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In just 21 days you can be well on your way to success in wealth creation. Yes, just three short weeks from now you can have all the building blocks in place to lay the foundation for a lifetime of financial success. I realize that probably sounds as gimmicky to you as it does to me, but there is truth in what I say here.Studies have shown that it takes the average person about 21 days to create a new habit. That means that if you do something each day for a period of three weeks, it will then become part of your daily routine. And for most of us, what is routine is far more painless.

When you create a new habit or routine, you invite an activity into your life. You know, almost automatically, that you will do that thing everyday. You’ve made a time and a space for the activity in your life, and so it is not a chore to ‘find the time’ to see to a matter. And no matter how busy life gets, you can rest assured that that routine will be attended to—because you’ve made it an important part of your life.

Wealth Creation In 21 Days

So how can you apply this to wealth creation? There are many ways, actually.

For starters, make wealth creation a part of your lifestyle, every day. Each day, do something that is geared toward creating wealth. Make it your express purpose every day to attend to a matter of wealth creation or financial success.

What you do does not need to be exactly the same every day. What is important here is that you are creating that time and space in your life for wealth creation. You can start small and build upon your efforts. And every day, it will get easier and easier to do so.

Start off with a small, achievable goal—one that you can feel good about, one that gives you the feeling of positive, forward motion; one that feels that you have taken action and impels you toward more action! This can be reading, researching, filling out a wealth creation worksheet, completing one activity on your wealth creation checklist…

No doubt that your life is as harried as everyone else’s, so make your initial goals something that won’t take up your entire day. If you can commit even a small amount of time every day to building wealth, you can meet that goal and move ahead.

As your efforts come to naturally incorporate into your life, the efforts will get easier—until they are barely an effort at all; because after all, what stops us so much of the time is not finding the time.

Start today to build your routine of wealth creation, and then watch as you begin to replace much less meaningful things in life with this new found habit of success.

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

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