Wealth Creation Blog

Living a life of abundance and success, rather than a life of limitation and poverty, is one of the first steps towards creating wealth. But you must use caution not to go about living abundantly with abandon, setting yourself up for financial failure. Living a life of abundance is not about spending every dollar in sight. It is about adjusting your attitude to believe that you do deserve and can achieve. It is about accepting that all lives are already rich, and that if you focus on the good in your life you will create more good, eventually leading to financial wealth.

Patience In Wealth Creation

No one likes to be told to wait for money, but the facts are that most of us have spent a lifetime creating our financial situation and it cannot be undone in a day. Fortunately, it can be undone in far less time than it took to get into it, but everything in wealth creation must be done within reason and with a dose of patience.

This can be a difficult concept for people to understand when they set about improving their financial conditioning and attitude on their path to wealth creation. It’s understandable, because on the one hand you are told to live abundantly and stop dwelling in an attitude of limitation and poverty. So how can this be done? How can you live like the wealthy on the budget of the poor?

For starters, you need to reassess your definition of abundance. Abundance is not a strictly financial term; abundance is more a state of mind than anything, and if you decide that you are rich in your life, you will begin to find the abundance around you. When you do that, you will begin to attract more positivity and abundance.

Jamie McIntyre’s millionaire mentor can explain this better than I can; here’s what he said,

“…allow yourself the patience to go beyond your old conditioning and begin to resonate in your feelings the abundance you are part of…In fact what you have got to do is begin to see abundance in the things you already have.”

He cautions that living abundantly is not about going out and spending money on the things you think the wealthy should have. That will only serve to place you further in debt and pull you back down. Finding wealth and abundance is about starting at a small point and building upwards toward financial success.

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

People today are busy, busy, busy. Too busy. Everybody is running, moving, always doing. People are always engaged in activity of some sort or another. You might think that with all of this activity, we would be really going somewhere! Why, then, are most people getting nowhere? Something a lot of people do not realize is that activity does not equal action and productivity. The fact that you are always moving and doing does not mean you are accomplishing a thing. It does not mean you are making any real strides towards wealth creation and financial freedom.

Creating An RPA

What is RPA? RPA is a term coined by Jamie McIntyre at the 21st Century Academy. It’s an abbreviation that represents a planning process; a process which consists of being

• Results focused

• Purpose driven

• Action oriented

The RPA process helps you come at every decision in a more goal-oriented fashion so that you can achieve whatever it is you have set out to do. RPA gives point and purpose to the activity in your life, and turns motion into action that gets results.

RPA is not a hard process, just a different and more productive one. You can learn the basics of RPA in minutes, and start implementing it just as quickly. You only need to adopt three easy steps, and apply them to everything you do.

Here’s how RPA works:

For every situation, ask yourself,

• “What do I want to get out of this situation? What is the result I am hoping for?” Do this instead of asking yourself what you should do.

• “What is my purpose?” knowing your purpose will give you the reason to go on and persevere, even under difficult circumstances.

• “How will I achieve this?” Determine what steps you need to take in order to achieve the result you want. Take Action!

RPA is really a simple process, and one that many people even know already that they should be engaging in. But many times we become overwhelmed and cannot bring ourselves to the most important step—to taking action.

If you can learn to apply the principles of RPA to your life, to every decision in your life, you will be well on your way to succeeding in wealth creation, to creating wealth and achieving financial independence.

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

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

When Jamie McIntyre first determined to make himself rich, one of the first things he recognized was that he had little useful knowledge in wealth creation. Jamie took an honest look at the education he had received in school and University in the 20th century, and determined that this education (based really on education developed in and for the 19th century) was severely lacking for anyone hoping to succeed financially in the 21st century; his dated education was of little use to him in creating wealth utilizing the financial systems and rules of today’s financial world.

Jamie sums it up this way: “common sense told me that to excel in the 21st Century one needed an education designed for today’s world…” But where are you supposed to get one?

There is no public or private school that you can go to get a 21st century education

Our educational institutions just have not evolved that far. The educational institutions we are learning from are still steeped in a tradition of preparing students for the working world—for teaching them how to get the skills to work and make money—to collect a paycheck.

But as Jamie McIntyre realized, no one will get very far by using only the knowledge he or she gained from school. This put Jamie on a different path, in search of a truly useful education; one that could do more than get him a job, one that could teach him how to take the money he’d earned and put it to use making more money for him. Jamie was looking for an education that would teach him how to do what the wealthy do—create wealth from wealth; let money work for him, instead of him working for money.

Jamie spent years and hundreds of thousands of dollars learning to create wealth

And today, his work is our gain (and his, too—Jamie’s living very well these days!). Fortunately, Jamie also had the foresight to know that what he learned could be dramatically reduced and formulated into the very type of education that is lacking in the world—a 21st Century education.

This is the education that you need to succeed in wealth creation. It is more than an education in finance, it is an innovative program that teaches us how to create wealth and achieve financial freedom. This program, which I offer to you and offer my unending support in obtaining, is the education you didn’t get in school. No doubt that is a very big reason why you are still searching to find the answers to wealth creation and financial freedom.

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

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