Wealth Creation Blog

Just as a positive wealth creation attitude will attract money and good things, a negative attitude will repel money, and act as a roadblock to wealth creation.

How Negativity Repels Wealth

Negative energy attracts more negative energy. When you live a life based in the belief that you are poor and limited, you will attract people of the same attitude. You will feed off each other’s misery and misfortune, and you will continue to place blame and find excuses as to why financial success will never be yours. You will create your own financial cycle and fulfill your own prophecy. You will repel wealth.

On the other hand, if you take steps to break that cycle and start living positively, start living a life of abundance and success, you will attract positive-minded people, people who believe themselves to be successful and accomplished. You will continue to feed off that good energy instead and create a circle of good around your financial house.

This concept should not be too difficult to accept. This happens everyday, and it often starts very small and spirals into something large and seemingly unmanageable.

Consider this scenario and see if it is not too far off from similar circumstances in your life.

• You start your day off nicely and in a happy mood.

• You trip over the dog and spill coffee all over yourself, ruining the suit you’d prepared the night before.

• You have to choose and primp an entirely new set of clothes.

• You now are twenty minutes late because of a misplaced step.

• You begin to hate your dog—despite the fact that he’s been a loyal companion for years.

• You finally reach the office, and vent to anyone who will listen,

• Soon, you all begin to commiserate about dogs and coffee, and vow to never own another pet or drink another cup of coffee.

• You realize it was your spouse’s stupid idea to get the dog in the first place, and now you and your co-workers are railing about the idiotic decisions your partners have made, and how they are all ruining your life.

Perhaps you read this with amusement and think it’s a bit far-fetched, but is it really? Think about the trigger of your negativity—it’s often something as silly as tripping over the dog.

The point of this exercise is just to get you thinking about how you react and how your reactions result in life-altering negativity. Start today in a small way to live a life of abundance and positivity, and you will be making steps towards wealth creation.

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

bookmark to:

Another thing the wealthy understand that the middle class does not seem to understand thoroughly is the importance of an effective exit strategy. In wealth creation, exit strategy refers to the ability to get out of what you’ve gotten into. It is possible that you will not want or need to get out of everything you do in your efforts to create wealth, but as you cannot predict the future, there is always a need to at least have an exit strategy in place.

Most specifically in terms of wealth creation

An exit strategy for the middle class means getting out of the working world—breaking the cycle of working for a dollar, spending, and working for a dollar more. This exit strategy is what wealth creation is all about. An exit strategy is why people seek wealth creation.

An exit strategy for financial wealth is what most people would think of as retirement. It is creating wealth that continues to create streams of wealth so that you can comfortably leave your job and live life to its fullest.

Unfortunately today, a great majority of middle class people all over the developed world do not have an exit strategy, leastwise not one based on wealth creation. Some people simply cannot see how to create wealth that can finance their exit strategy, and so they default to a life that requires them to work until they die. Death should not be your financial exit strategy (and in truth it is no exit strategy at all, since it only serves to transfer your debt to those you leave behind).

A retirement plan is the very beginning of an exit strategy, and is what is usually sold to the middle class. But in truth a retirement plan (of the common variety) does nothing real to improve life before retirement or guarantee the ability to retire early. All a retirement fund does is build up a fund with which you can live reasonably well until you die. But in many cases these are even far from adequate, and people end up either returning to work at an even more advanced age, or depending on others to live.

A true exit strategy will never stop making you money

The exit strategy that will allow you to leave the working life (at an age early enough to enjoy it) and continue to live well, continue to improve upon your life, is the wealth creation exit strategy. With wealth creation, you can create an exit strategy that is truly sustaining for life, not just for the period before your death.

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

bookmark to:

To the struggling middle-class, wealth is something of a mythical state of mind. The wealthy understand that wealth creation is more than that—it is a balance sheet, a budget, a solid means of financing their end goal of financial freedom and living well. Knowing the difference and living the life are two separate issues that severely impact the end goal of wealth creation.

Before I get too far ahead here, I have to say that wealth creation does rely on achieving the wealthy state of mind. But you have to know what that means. The mindset of the wealthy is one of success and maintaining that success. It’s one of determination and motivation. But it is not one of spending blindly to appear wealthy; the mindset of the wealthy is to really be wealthy!

Looking Rich is different to being rich

The middle class mistakenly think that being rich means looking rich. Having things that will make people think you are rich—the big house, the luxury car, the second home, the designer clothes.

In their rush to appear wealthy, the middle class take on fast and easy lines of credit, buy and buy so that they can put on a good show of wealth for the neighbors, and drown in their unmanageable debt. This puts the middle class into a never-ending cycle of working and paying and working more to pay for more. But it does nothing to really save or build wealth.

The wealthy, on the other hand, do things in reverse

They understand that the key to their wealthy existence is cash in hand (used to back reasonable amounts of beneficial and manageable debt). The wealthy wait to make their purchases until they know they have the financial backing to do so. In so doing, they create a stream of wealth first by putting their seed money to work for them to make more money, and spending off the money created by that seed money.

This is an essential difference between the wealthy and middle-class. It is the difference that dictates success in wealth creation. Understanding the difference between appearing wealthy and actually being wealthy is what will determine the success you have with wealth creation.

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

bookmark to:

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

bookmark to:

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

bookmark to: