Wealth Creation Blog

Living a life of abundance and success, rather than a life of limitation and poverty, is one of the first steps towards creating wealth. But you must use caution not to go about living abundantly with abandon, setting yourself up for financial failure. Living a life of abundance is not about spending every dollar in sight. It is about adjusting your attitude to believe that you do deserve and can achieve. It is about accepting that all lives are already rich, and that if you focus on the good in your life you will create more good, eventually leading to financial wealth.

Patience In Wealth Creation

No one likes to be told to wait for money, but the facts are that most of us have spent a lifetime creating our financial situation and it cannot be undone in a day. Fortunately, it can be undone in far less time than it took to get into it, but everything in wealth creation must be done within reason and with a dose of patience.

This can be a difficult concept for people to understand when they set about improving their financial conditioning and attitude on their path to wealth creation. It’s understandable, because on the one hand you are told to live abundantly and stop dwelling in an attitude of limitation and poverty. So how can this be done? How can you live like the wealthy on the budget of the poor?

For starters, you need to reassess your definition of abundance. Abundance is not a strictly financial term; abundance is more a state of mind than anything, and if you decide that you are rich in your life, you will begin to find the abundance around you. When you do that, you will begin to attract more positivity and abundance.

Jamie McIntyre’s millionaire mentor can explain this better than I can; here’s what he said,

“…allow yourself the patience to go beyond your old conditioning and begin to resonate in your feelings the abundance you are part of…In fact what you have got to do is begin to see abundance in the things you already have.”

He cautions that living abundantly is not about going out and spending money on the things you think the wealthy should have. That will only serve to place you further in debt and pull you back down. Finding wealth and abundance is about starting at a small point and building upwards toward financial success.

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

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As you research and work through the various wealth creation programs offered, you will come across many different strategies and types of investments for making money and building wealth. Not all strategies are for everyone, though, and you need to decide which is the most appropriate and most manageable for you.

What’s Your Wealth Creation Style?

As you read and learn about these various wealth creation strategies, you’ll get to know more about them, and you’ll begin to see which will suit your style and your life the best. Consider each investment strategy on its own and choose that which you feel most comfortable with.

Some things to think about when you are deciding on an investment strategy (or strategies) are:

• Previous experience or skill you might have that can be applied to a strategy

• Amount if money you have to invest

• Security of the investment

• Your personal comfort level in regards to risk

• Access to ongoing support and education for a given strategy (which should be no problem with the right wealth creation program leading the way)

• Your interest in a field or strategy—do what you have an interest in and that interest will sustain your efforts indefinitely!

How Much Is Enough?

Although it can be exciting to think about all the strategies for building wealth that are available to you, check yourself and do not try to do it all at once.

Americans like to use the expression, “Jack of all trades, Master of none”; this is not how you want to manage your wealth creation portfolio. You want to become a master of your chosen strategy first, see it through to success, and move on from there.

In the beginning, plan to focus your resources on just one or two strategies (which is not to say that you cannot make more than one investment, just that you invest using the same strategy or investment outlet for each); as you start making money and your experience and skills grows, reevaluate and consider new strategies (or stay with the same if its meeting your goals for wealth creation).

Wealth creation is a process that takes time—short time, relatively speaking, but time nonetheless. To enjoy the most success in wealth creation, start small and manageably and grow as you learn.

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

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Are you here because you are one whose wealth-creation program has been running around incognito?  Did you think you were buying into something promising and great, something that could really give you the tools you need to make money and create wealth?  Are you still looking for the wealth-creation part of your program?  The part that gives you a complete set of skills to make money with? You’ll be able to answer ‘no’ to all of these questions if you’re participating in the right system for creating wealth; if you’ve trusted another program that just isn’t delivering for you, though, perhaps you’re here hoping there is still someone out there that will.

Telltale Signs Of Scammy Wealth Creation Systems

 I wish I could just list all the scams out there, but for one it might get me into some trouble, for two others may disagree, and for three—there are just too many to keep up with!  Instead, maybe I can give you some pointers of the programs that are disguising themselves as real wealth-building opportunities without foundation. 

• Nothing to learn

A wealth creation program is really an educational opportunity.  It is not about you handing over your money to someone else to ‘invest’, or about you pooling your money with a group of strangers.  Good financial empowerment programs teach you how to invest in a way that actually works. 

• Nothing to reproduce

Your wealth creation program should give you investment knowledge and strategies that can be reproduced—over and over throughout your life, so that you create a whole lifelong system for making money, not a one-shot deal that claims to make it all in one investment (a great way to lose everything). 

• The sales pitches only approach

A lot of the financial products being sold as wealth building programs are nothing more than sales-pitches for investment software, etc.  Make sure you are buying an education that teaches you. 

• Buying into a ‘business’

You don’t build wealth by saving money through strategic buying alliances and multilevel marketing schemes.  Heck, you probably don’t even really save money on products “you buy anyway” by doing that. 

• Nothing to prove

A program with no backing is not a successful, replicable system for creating wealth.  Make sure the program you invest in has references and testimonials from clients who have used the system and succeeded. A financial program for making money and creating wealth that meets the above criteria—or more accurately, does not meet the above criteria—will be flexible and versatile as well.  Choose a reputable system to teach you how to create wealth, and steer well clear of the scams that are just ready to take your money and run. 

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

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One of the things that seem to hold the working classes back from investing to create wealth is the concern over investment risk.  While the risk of investing is something to consider, gaining a perspective on that risk is much more productive.  The thing that working people do not seem to understand is that risk is everywhere and that it is relative. 

Risk Is Everywhere

• Working for money is risky because you can only hold one or two jobs for limited pay, either of which might go at any time
• Working for money puts you at risk because it takes control of your finances out of your hands, and puts it into the hands of much less vested individuals
• Earning as a reactionary measure is far more dangerous and costly than earning and financial planning (as in wealth creation)
• Risk is affordable with a strong financial base
• Investment risk is manageable through diversification and asset allocation 

Financial Risk Is Nothing To Be Afraid Of

The fear of financial risk is nothing more than the fear of money that is talked about in wealth creation.  Money makes us scared that we will not have enough, or that life-ending things will happen if we put ourselves and our own savings first in our budget.  Fear keeps the working class working and does not allow them the confidence to take a measured or covered risk, even though that is the key to wealth creation. If you really think about it, there is a lot more to be afraid of if you live your life by reacting to a need for money rather than creating the stream of money that can sustain you.

 Most people do live in a reactionary budget state—that is, they try to increase wealth when money is needed, after they are in mounds of debt, rather than create wealth first and then spend it (on whatever you choose). When you can gain a perspective on what is really risky as investment and wealth creation goes, you soon come to realize that the real risk is in doing nothing.  Put wealth creation first at the top of your list, and all other things will fall into place and correct themselves—money does have a way of solving problems!! 

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

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As you know, wealth creation focuses on the whole-life changes that need to occur and not just on the aspect of investing to make money.  A big part of that requires that you start living the way the wealthy live and believing that you are a wealthy person; so often when you are faced with a quandary it helps to stop and ask yourself…”what would a rich man do?” 

Living The Wealthy Life

Rich people are rich for one reason—they do things differently.  The wealthy live differently because they have a better financial perspective and a better understanding of money; they have a higher level of emotional intelligence and financial intelligence.  Understand what it is that the rich are doing differently—the different choices that they make—and you will be well-positioned to succeed and create wealth. Wealth creation involves studying the way that the wealthy live; it will help you learn how to make the best choices under a number of circumstances.  In general, you should learn how the rich live so that you can begin making decisions that are more in line with the way the people with money do things. The next time you are faced with a decision, try asking yourself what the rich man would do. 

Here are a few examples-  

• When faced with a purchase, ask yourself, is this a quality purchase? Is this a purchase a wealthy person would make?
• When faced with a financial dilemma, ask yourself, how can I solve this financial problem? What creative solution will remedy this situation?
• When faced with an expense increase, ask yourself, am I handling this the way a wealthy person would? Do I have the funds to back this purchase/expenditure? Have I created income that will support this expense in the future? Or will this expense incur more debt?

These are just a few examples.  To guide your future decisions, it helps to know that the people who succeed in wealth creation take responsibility for their financial state and plan accordingly.  Spending is not an emotional reaction, it is a measured decision. Being wealthy starts with living wealthy.  This means that you live according to your financial plan so that you have the structure needed to sustain a lifetime of making money, and that wealth creation becomes a lifestyle. 

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

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