Wealth Creation Blog

The next time you walk down the street, take a moment to notice all the people around you. Most of these people will never be financially free. The reason for this is that middle class people tend to invest the same as everyone else, but not everyone else is financially free.

Middle class living is not living financially free. If you invest like middle class, you will always be middle class, statistically speaking. If you want to become truly financially free, you need to alter the way you think and behave when it comes to investing if you plan to succeed.

All too often, people are duped into thinking that all you have to do to become financially free is go to school, get an education, find a job, save and invest. This is a good plan, but the way you go about doing these things is important to your ultimate success. For this reason, many people following such a plan are doomed to remain in the work field for sixty-five years or longer, retiring with just enough money to survive.

By quickly researching some of the most successful people around the world, you will see that these people did not invest like middle class citizens. In order to become financially free, you must invest like the wealthy do.

Take the time to research the strategies and methods that wealthy investors use. In fact, a great number of wealthy investors have written books to help you understand the methods that they used to gain their financial freedom.

If you lack the time it takes to read inspiring books, perhaps a course on investing would better suit you. Knowledge is crucial to becoming financially free. Invest in knowledge to separate yourself from middle class and get heading in the right direction toward financial freedom.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2011

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

Many young people today are not thinking about opening a retirement account. In fact, many believe that they should not worry about it for another five to ten years from now. These people have it all wrong. No matter how old you are right now, it is time to start saving for your retirement. Financial advice expert David Bach once wrote,

“The single biggest investment mistake you can make is not using your retirement plan and not maxing it out.”

The key to building wealth is saving. The only way to build the wealth that you desire is by spending less money than you earn and saving the difference in your retirement account. Wealthy people are not wealthy because they make a great deal of money; they are wealthy because of the money that they save.

At first, you may feel skeptical, many people do. However, over time after studying the art of wealth creation, it will become abundantly clear it is not a large income that leads to financial freedom, although it does not hurt. The ability to save money is the skill that will give you the prosperity that you want. Wealthy people get that way by spending less money than they earn.

The secret to creating wealth slowly is through the power of compounding interest. Even the most modest returns can generate abundant wealth as long as you take your time and are dedicated to your plan.

On the surface, compounding interest can become quite boring. If you only look at it in the short term, the difference does not seem huge. However, over time you will see that you are on the right path to financial freedom. Therefore, when you are working to create wealth, it is always important to look at the long-term view. The results that you gain in the short-term fail in comparison to the wealth that you will have in twenty or thirty years.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2010