Wealth Creation Blog

Especially when the economy is low as it has been in recent years, more and more people begin searching for fast ways to make a lot of money. Day in and day out you pay bill after bill, emergencies come up and repairs have to be made. Thirty or forty years later, you find yourself in the same place you have always been wondering what happened.

We all know that in order to become financially free we have to pay off our debt. All we have to do is focus on reducing and eventually eliminating any debt from our lives as quickly as possible.

All too often, people tell themselves that when the bills are paid, a few months or years from now, then they will save money and focus more on creating wealth. Unfortunately, as the years go by nothing seems to happen. They become frustrated and fail to get ahead.

If you really want to create wealth, you have to save a piece of every dollar that crosses your palm. Begin by opening a bank account that is not tied to any other accounts, payments, etc. Look for a savings account with the highest possible interest rate that you can find.

Save a minimum of ten percent of any income you receive no matter what. For example, if your check this week is $400, put $40 in the savings account. If your grandmother sends you a check for $100 on your birthday, put $10 in your account. Times will come when you will only have a dollar or two to deposit, but you must commit to putting away that ten percent regardless. It is the easiest way to build wealth.

No matter what happens, do not take money out of your savings account until you reach your goal. If you owe $4000 in credit card debt and you are putting money back to pay it off, do not spend a dime of that money on anything else until that debt is paid. It will take a great deal of discipline, but it can be done.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

The secret to building wealth by becoming an automatic millionaire is to make sure that you always pay yourself first. The most important financial habit that you can develop is paying yourself first. Once you make the decision to stick with it, you will be glad you did.

Just what is meant by paying yourself first? Paying yourself first simply means that for every dollar that you gain the first person to benefit from it is you. If everyone who wanted to become financially free practiced paying himself or herself first, lives all over the world would change for good.

The best way to ensure that you are paying yourself first is to open up your own savings account for retirement. Starting a retirement account may seem like the slowest and most boring way to accumulate wealth, but it really works.

For someone who normally works forty hours a week, the formula to retire as middle class is to save one hour’s pay every day for the rest of your life. If middle class is not good enough for you, you need to focus on saving a little more than one-hour’s pay per day. To retire wealthy, you need to save a minimum of two and a half hour’s pay every day. For many, this means working overtime week after week or investing in additional work at home.

For example, imagine an employee who makes about $25 per hour. If he or she saves an hour’s pay five days a week, fifty weeks every year, they will save $6,250 every year. Depending on the interest rate you get with your savings account, in forty years you could accumulate between $700,000 and $3,000,000.

You must begin saving money as soon as you enter the work force, especially if you have hopes to retire early. In addition, it is important to search for the best interest rates you can find in order to grow your wealth to the fullest.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

What True Wealth Really Means

The word wealth has many different meanings, yet all are related somehow. Flip through a dictionary and you will discover that there is more than one way to define this term. If you were to talk to ten different people about wealth, you may be surprised to learn that they all have different answers to the question, “What does wealth mean to you?”

There is no right answer to the question. Any answer that you receive is nothing but a mere portion of what true wealth really means. True wealth is more than an abundance of worldly goods and financial stability.

More often than not, people associate wealth with money, yet these people are not seeing the whole picture. Even though financial freedom is a sure indicator of wealth, it is not all there is to having true wealth. As a matter of fact, if you were to measure true wealth only monetarily, you would be seriously misled. It is certainly true that money is important in this day and age, but many do not recognize that there are many other aspects to life that are equally essential to obtain true wealth.

In order to measure true wealth, you must take time into consideration. It is crucial that you understand the importance of both the quantity as well as the quality of your time on this Earth. All too often, we find ourselves preoccupied with the pursuit of money that we lose sight of all the other aspects of true wealth. Many people these days are so caught up with deadlines and schedules that few have time for their families let alone time to themselves.

Quality of life, good health and contentment are all important components of true wealth. Many, many people with shallow pockets are some of the most truly wealthy people you will find, simply because they know what wealth means to them and are certain they have it.

Sean Rasmussen

Success Communicator

Aussie Internet Marketer © 2004 – 2011

You need to know two things about wealth creation. The first thing that you need to understand about wealth creation is that is does not happen overnight. If you expect just to wake up wealthy one day then you have another thing coming. The second thing that you need to know about wealth creation is that you do not necessarily have to spend money to make money.

Here are a few tips to help you make money that does not cost you a thing:

• Always carry some cash on your person. Not just a buck or two, base the amount you carry on your circumstance. For example, if $20 is a lot of money to you, carry $20; if $100 seems like a significant amount, put that in your purse or wallet. Whatever you choose to carry, keep it on you for a minimum of one month without spending it unless you have no other options.

• Appreciate what you already have. More often than not, people are better off than they believe they are. It is common for entrepreneurs and other wealth seekers to carry gratitude stones. Every once in a while, hold the stone in your hand as you take time to give thanks for all that you have.

• Get up and make it happen. No one ever scored a winning goal sitting on the sidelines. Start by saving as much money as you can so you can get out from under any debts that you may have. Make it a point to save a set percentage of your income, no matter what. It can be 10%, 50%, whatever you can afford.

• Learn to haggle. Never accept things as they are, but instead see them for what they could be. Take every opportunity to avoid paying full price on anything. Creating a budget and making necessary cutbacks are a fundamental step in wealth creation.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

More and more people these days are using Facebook to share pictures of their new cars, puppies and babies. There is nothing wrong with such activities, after all it is a social network intended to connect people around the world with their friends, families, classmates, business associates, etc.

However, many people do not realize that it is also possible to generate an income through your Facebook account. You would be mistaken to imagine a cash flow of just a few hundred dollars from this venture. In fact, several people are earning thousands of dollars just by using the awesome features that Facebook has to offer.

The great thing about using Facebook as a tool for wealth generation is that it is already designed for virtual marketing. If you know anything about marketing, you know that networking is a key component. Networking is the backbone of Facebook, making it the ideal platform for wealth creation.

If you are using Facebook for nothing more than posting messages and reading your friends’ walls, it is time to take a much-needed step in the right direction.

Previous attempts to earn money through Facebook involved costly ads. Now, no investment at all is required and the process is easier than ever. You have probably heard about fan pages on Facebook, which are used to promote products and services. All you need is several fan pages and use them to promote your affiliate links. This is such a simple concept that many underestimate the moneymaking opportunity at hand.

Few people are using this wealth creation strategy, but those that are have seen amazing profits. You do not have to worry about creating a website; you can just use the Facebook platform. Best of all, you do not have to be a technical genius in order to make thousands of dollars. You can currently create as many fan pages on Facebook as you like, so your cash flow possibilities are endless.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011