Wealth Creation Blog

One of the greatest influence on the way a person is able to handle risk is his or her age. Research indicates young investors, typically those under thirty, are more smug about the decisions that they make. The reason for this is that they feel they have more time to recuperate from any losses they face with their investments.

The primary reason that younger investors are more loss tolerant is because they rarely need immediate funds. On the other hand, older investors, especially those who are retired, rely on their investments for income. This means a loss could be detrimental.

Another factor that affects risk tolerance is personal worth. Individuals who have more money to spend are able to take on more risk, while taking the time to think of ways to negotiate market trends. If loss does occur, these people are usually able to adapt without affecting their financial status. People with less money on hand tend to become more emotionally attached to the investments that they rely on for income.

Experience is also a factor that influences a person’s tolerance for risk. Because of the time that someone spends in the market, he or she is familiar with economy highs and lows. They know about the consequences of certain decisions as well as how to recognize trends from which they can profit. These people are able to look through experienced eyes and understand overall potential for loss and gain with each investment that they make.

It seems that young, experienced investors that have a high net worth have the highest tolerance for risk. In addition, an investor with a clear understanding of his or her goals is more likely to search for guidance and direction in choosing the best investments by looking at all of the possibilities. Investing is a great way to create wealth and no matter how old or experienced you are, if you take the time to educate yourself you should do just fine.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2010

“Make a Difference”

It’s a mantra we hear over and over in reference to all number of things—charity, helping others, mentoring, volunteering, professions…it’s one with meaning and one with real value, but you also need to consider the value in these words for your own well being.

Make A Difference In Your Life Today

Giving of yourself and making a difference in the life of someone who could really use that help is an admirable, commendable thing. I would never take that away from anyone. I’ve said many times before that I love people and love helping people, and I believe we should all be doing that. Indeed helping others has been a topic we’ve discussed here on this very blog. Throughout life and my learning in success and wealth development, I’ve come to know a few things, and this is one of the most important among them:

You have to help yourself before you can help others.

First and foremost, you have to be the difference in your own life before you can make a difference for others. If this sounds selfish, it is not—you do not want to become a liability to others, and the way that you can maximise the difference you make to others is by first maximising your own strengths and abilities. You can give far more and make much more of an impact upon the lives of those whom you seek to help by first becoming a strong, wealthy, independent person who has the strength of mindset to pass on to others.

Parallel Progress

Remember that when we help ourselves and share that journey, we help others, too. There is a very parallel nature to bettering one’s self. As the Law of Attraction works to draw positivity and wealth to you, it will also draw it to those whom you come into contact with. Whether that has staying power in their lives or not will depend largely on what they do with that, but you can at least take comfort in knowing that where you tread, you leave behind something better than was there before. Focus today on making a difference in your own life, and tomorrow you will see just how powerful that is in your life and all the lives that intersect with yours.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009

I don’t have to tell you that this is the time of year when we all start resolving to live better. It’s the time of year when we start putting our thoughts and plans for wealth creation into high gear, resolving to make this the year that we finally “make it.” These are the days when we take that deep breath, get ready for the big plunge, and decide to put our heads down and finally do what it takes to achieve that financial success that will make the difference in our lives.

Noble Plans For A New Life

These are all very noble plans and goals. I do more than hope that this is the year you achieve financial success and freedom. If you make your rounds around my blogs, you’ll see that I’ve been working on many posts of encouragement and support, including many money-making resources. As we dive into all of these, though, I’d like to take a look back at some old advice so as to achieve the best possible level of success with your efforts and hard work.

More Than Money

Much as we focus on wealth creation on this blog, making money is not all that we are about here. This blog, as regular readers will know, if about building wealth for a better life, based largely on Jamie McIntyre’s mindset philosophies and his work through the 21st Century Academy.

What is key to know about these programs is that they are not just about the money. In fact, were money not such a predominant factor in life it would probably be included very little in it. In effect, Jamie McIntyre’s programs are about life success. In the modern world, that means making money. But it does not only mean making money.

Money is a wonderful thing to have. In today’s world, it is what determines how much personal freedom you have. But a successful life requires more than just knowing how to make money. That is why, for the coming New Year, for all your goals and plans; my wish for you is that you will approach it with a whole life view. If you do, I’m sure you have found what I and so many other 21st Century Academy grads have found—that financial success is something that comes far easier when put into the context of the whole, and not focused on as the sole objective.

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

There is a concept going around debt reduction circles referred to as the “Snowball” method of eliminating debt. It’s proven to be a highly effective way to eliminate debt over time, and is just as applicable to wealth creation. It works seamlessly along with the concept of the Law of Attraction as well, making it all the more effective for whatever purpose you are applying it to.

Conceptualizing The Wealth Snowball

The debt snowball is not a difficult concept—it is a method that has you start with your smallest debts, pay them off on a manageable (but still focused) schedule, and then apply that freed money to larger debts. Eventually the effort accumulates to become very large and effective. The added advantage to this—and the reason it works so well for so many—is that there is a relatively quick result because you start with something small. So you see the result of your actions and efforts sooner, and that helps stimulate you psychologically to move on and succeed further.

This same concept is applicable to creating wealth; by starting with small goals (but always with a larger goal in mind) that you can meet fairly quickly, you give yourself that mental boost and see results faster. And the added benefit to it is that the success you find and the positivity you create attract more success and positivity—harnessing the power of the Law of Attraction, too.

Working Your Way From In-Debtedness To Wealth

Whether you are in debt or not, you can easily apply this concept to creating wealth. If you are in debt you can start to eliminate it, and once there apply that money to investing and creating wealth. Better still you can devote a portion of your money to creating your wealth snowball even as you snowball your way out of debt.

Starting small is something that many people need to do as they create wealth. Wealth doesn’t happen overnight, it happens over time as you improve all aspects of your mindset and life. The cumulative effect of building wealth is a force to be reckoned with indeed.

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

Acquiring wealth is the result of an accumulation of actions, attitudes, and efforts that collaboratively draw you towards money and success. The positive effects of what you learn in wealth creation are almost immediate (in that anything positive in your life is of benefit almost instantaneously); but wealth in the numbers that most people consider wealthy takes some time to build. This does not mean that you cannot be wealthy now, because there is wealth in all lives if you commit to finding it, and also because wealth is a state of mind as well as a tangible financial position. But it does mean that reliable, sustainable streams of money are built over time.

While we recognize that wealth is the result of individual thoughts and attitudes, we also have to recognize that it is a cumulative consequence of good attitude and action.

Building Consistency To Build Wealth

How often has this happened to you—you read something positive or motivating, such as a blog post or a wealth empowerment book, and you become enthused and motivated. You feel empowered and know for sure that you are wealthy and you can be a wealthy person. And then you go about your day.

As you go through your day, that motivation and positive empowering spirit begins to diminish. Without knowing it, you begin to lose ground and slip back into what’s normal. You lose track of your plans, thoughts, and goals, and negativity and stress creeps in. You don’t regain that wealthy mindset until you get back to a place of motivation and positivity.

This is something that is very common. It’s easy to be positive “in the moment” so to speak, but much harder to keep that focus throughout the day. So daily we are losing ground that, if captured and held, could greatly expedite our financial success.

To acquire wealth we need to build a habit of consistency into our lives. We have to stop losing ground every day, and have to keep as much of that positive spirit in our lives as possible. We have to make the default mechanism an attitude of achievement and success, not of stress and negativity.

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