Wealth Creation Blog

One of the best quotes that you could embody and accept as truth is this one –

“My life is all about choice.”

Why is that so critical? How could something so simplistic be so imperative to creating wealth? Let’s explore that now…

Why Choice Matters

There are many obvious reasons why having choices and options is important. When you have choice you can choose what you want to pursue, what interests or direction of wealth creation you’d most like to explore. But there is an even more fundamental reason why choice matters, and that comes down to the power within you.

Choice Is Power

Having choice, having the ability to choose for yourself, is equal to having power. When you have choice you are not some impotent being who is living life at the mercy of others; you are an omnipotent being who has the power to decide the course of your life.

This freedom of choice is powerful for the small decisions, but it is very powerful in larger matters, too—exponentially more so, all things being equal. But let’s take a look at one of the most basic realizations you need to come to in terms of choice; one that will reveal a whole new world of financial possibility.

The Power To Control Your Money

We’ve talked and alluded to this in other posts. One of the most powerful tools you have is the power to control your money. Now, a lot of people will say that this is a power that they do not have—that their creditors, bankers, and bill collectors decide where their money goes. But that is not true. You make the decisions regarding how to manage those bills and demands. You decide to relinquish your power to the money managers.

This does not mean that you do not meet your obligations, but rather that you find new ways to do that—ways that prioritize your choices and your money. It is a very empowering thing to realize that you do, in fact, have money and have choices and options with it. When you realize that you are really in the seat of control, suddenly all the doors to investment and building wealth swing open to you.

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

As we’ve got kids on the brain today, it occurred to me that we could learn a thing or two about wealth creation by being a little more childlike ourselves. Kids don’t come with all the baggage that adults do. They have stronger belief-systems and better confidence. Those are all things that could go very far for us as we work to empower ourselves financially.

Be A Kid Again And Be Wealthy

Let’s take a look at some of the characteristics that children retain, but we so often lose as adults, that could return dividends for us as we work to build wealth.

• Curiosity. Kids are curious. With a little more curiosity and interest you might enjoy exploring money, wealth, and finance more. You might find a whole world of interest you never knew existed within you.

• Energy. It takes a lot of energy to do what we have to do in life, and added energy to pursue wealth creation while you also try to survive financially in the meantime. And as we know, energy attracts energy, then action, prosperity, and wealth. Find ways to be more energetic and be more wealthy.

• Motivation. Kids are motivated easily by what they want. You know you want money, wealth, and financial freedom and prosperity. You just have to learn to trust your own intrinsic motivation—stop working so hard at it and listen to your inner voice!

• Enjoyment. Kids enjoy life. Do you? Do you enjoy what you do? Find enjoyment and you attract enjoyment, and positive energy, and wealth…

• Fearless. Kids do not know fear. They do not let fear keep them from doing things that excite them and motivate them. Few adults can say the same. Think of all you would have done by now if you never listened to that nagging voice that stops you from pursuing wealthy ideas.

It often seems that, as much as we try to teach kids how to be, they have the right of life at heart. Children enjoy life and they know how to make the most of it if not meddled with overly much. If as adults we can capture just a bit of youth, we, too, can do great things—without fear, and with a positive energy that attracts great things.

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

Ironically one of the biggest barriers to creating wealth is the very institutions that are presumably designed to aid us in financial management. In other words, banks and lenders and other financial institutions. These actually impede wealth in many, perhaps the majority, and they do it in a few ways.

The Financial Institution Fear Factor

Wealth creation experts agree—the rich are rich because they do things differently. They make different choices with their money, they use their money differently, and they have different definitions of what is valuable and what is an asset (real estate and homes for example). The wealthy have a much better perspective on the tools of the trade. They understand what is truly an asset to them and what is a liability.

The wealthy also understand that the banks are not out to help them, really, they are out to make money for themselves and their shareholders and vested parties. This understanding comes with a level of clarity, too. The kind of clarity that you get when you understand a person or entity’s true motivation. In this case that motivation is not for your personal financial well-being, it is for the bank’s.

What happens for the not-yet-wealthy is that we are raised with a duty and respect of banks, lenders, and financial institutions. It becomes ingrained in us that we have to play by the lenders’ rules if we are to enjoy any level of financial flexibility. Many of those rules don’t fit into the strategies for true wealth creation, though. In the end what we have left is a factor of fear. We fear going against the system, bucking the trends and breaking the rules of these institutions—even when we can clearly see that there are alternatives.

Are Banks All Bad?

Banks are not all bad and they do have their place. What you need to come to terms with though is that that place is probably quite a lot different than what you were raised to understand it to be. Part of learning to build wealth is re-learning how to work within established systems. To do that you must come to terms with lingering fears and with your own ability to succeed financially—and with the likelihood of having to go against the trends of the establishment.

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

You can think your way to financial success, but along with those thoughts you need to take action. Without action, there is no conduit for success. There is no way to connect the thoughts and thinking with the end result—with becoming rich. And as we know, the best way to maximize the impact of your actions is to give them a degree of focus and planning—to make a plan, set goals, and take actions to achieve those goals. In the beginning it can be difficult to know what your plan for creating wealth should be. So here I’ve worked out a basic plan for achieving financial prosperity. It is basic in nature and is adaptable to your individual wealth creation plans. It is presented in the spirit of progress, and of giving a framework to guide your attempts. It largely covers the steps that are necessary for any successful attempt at building wealth.

The Plan

The plan, as you’ll see, is fairly simple, but if you follow it you will enjoy financial success.

1. Commit. Unless you commit yourself you will never really get things off the ground. This needs to be the first step.

2. Educate. If you knew how to be wealthy you would be already. Find out what you didn’t learn in school and what you need to do differently to build wealth.

3. Set goals. Goals are you targets. They help you get from one point to another and then another until you reach that desired level of wealth.

4. Focus thought. You know by now that thoughts and mindset are elemental in wealth creation.

5. Take action. You also know that to enjoy tangible success you have to take actions to get you there.

6. Continuity. Achieving wealth is an ongoing process. You cannot think once, do once, and then suddenly become rich. You have to continuously live a wealthy lifestyle, continuously improve upon yourself and your thoughts.

Personalizing The Plan

As I said it’s a basic plan. It is a framework to guide you, but you have to personalize it to really succeed and become rich. You need to take this plan to the next level and fill in the details. Decide how you will become educated, decide what your goals are, and decide what actions you will take to see it through. The keys are here, you just need to act upon them to develop your own personalized plan for financial prosperity.

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

More than anything, wealth creation centers around mindset and the thought process. All but the newest of readers here know that if there is one thing we focus on it is mindset and building a mindset of success, for success. Anything that we discuss here in terms of building wealth and making money and becoming rich starts with thoughts. It’s a simple, yet proven, effective method of creating wealth.

The concept is so simplistic that many people find it hard to accept as the way to financial freedom. It’s not unusual for someone to say that they have tried to think their way to wealth, and just had no results, so the concept must be flawed. The answer to that is that the concept is not flawed—but you do have to take care with its implementation. There is more to the wealth creation mindset than having intermittent, fleeting thoughts of wealth.

Thoughts Vs. Dreams

One thing to be cognizant of is the fact that there is a difference between what thoughts and dreams are. It’s a very fine line, and certainly dreaming rich can’t hurt, but your thoughts are more solid and actionable than what dreams are. Dreams are elusive and not given the same weight in reality that real thoughts are. Dreams are intermittent and ever-changing. They are less controlled and less controllable.

You can start with a dream of wealth, but to make that a reality you have to move on and develop those dreams into thoughts. You have to make those thoughts the foundation of your life, plans, and goals so that they have the ability to grow into financial wealth. When your thoughts are not producing results it is time to reevaluate them and find out—are you really thinking wealthy thoughts or just daydreaming about being rich?

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