Wealth Creation Blog

After living well beyond you means for years, you find that it is time to begin looking for a way to change your spending habits. You have heard over and over that it is never a good idea to borrow from Peter to pay Paul. This advice rings true. What may look like a remedy often masks your problems as you dig yourself deeper and deeper into debt, and pulls you farther away from financial prosperity.

Many people read books, often the wrong books. They get advice, but hesitate to stop the spending frenzy. The most common cause for most people’s misfortune is allowing themselves to spend money that they do not have because they have failed to take the time to create an effective budget.

Once you develop a budget and monitor all of your income and spending, you will be able to be more accountable. You will know right off that you are spending beyond your means. By writing everything down that you spend your money on, you will find yourself rethinking every purchase. You will ask yourself before each bill leaves your hand, “is this something I really need?” Most of the time, the answer is no and you will keep your money.

The first step to living on less is admitting that you have a spending problem. Only then will you be able to nip the problem in the bud. Start with any credit cards that you have by destroying them and stop charging on them immediately. Think about the things that you spend money on such as dog grooming, cable television and cell phones. More often than not, you will find a number of places where you can cut back and spend less. For example, basic cable, cheaper phone plans and grooming your pets at home. You will be amazed at the money that you save.

If you are currently drowning in debt, you may have to make a couple of sacrifices to pay off the debt as soon as possible. However, the sooner you eliminate debt, the wealthier you will be and you will be able to live the life you want to live.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2010

Celebrate! Celebrate what? Anything you want. Anything you can.

Celebrate Success

Sometimes as you work to create wealth and achieve financial prosperity you become so overly focused on the task at hand that you lose focus of the whole reason for creating wealth in the first place—that reason being personal freedom and enjoyment. When that happens, you begin to run the risk of burning out and losing motivation to continue your hard work. That is why it is important to stop along the way and celebrate your success, and reward yourself for your efforts and progress. Anything, small or large, is cause for celebration. Even if it’s not obvious what you should be celebrating, take the time to find something positive and enjoy the fruits of your labor. A few examples to get you started follow.

Celebrate Wealth

You have wealth. Whether you are beginning and it is small, or you have been at this for some time and your wealth is now large, it is there. Celebrate the fact your wealth is growing and you are that much closer to financial freedom.

Celebrate Positivity

Celebrate your new mindset, or continued mindset, of positivity, dedication, and success. It is no small task to master a change for the better, and this is certainly cause for celebration. After all, your personal mindset is the one thing that will pave your way for financial success. Celebrate that for all it is worth!

Celebrate Life

Celebrate living. Celebrate the great people and the abilities you have. Celebrate your decision to do better for you and yours. Celebrate life! Celebrate the gift of your daily experience here, and make the most of it. Enjoy your life!

Celebrate The Future

Why wait to celebrate? Celebrate now the places that you are going and the things that you are doing. Too often in life we rely on a system of rewards, with the result being that we never feel as though we’ve arrived. You don’t have to live like that. Be confident that you can and will create wealth, and celebrate the future today.

Taking the time out to celebrate your accomplishments now is a very motivating thing. Motivation is important to help you achieve your goals and go beyond. Make your journey an enjoyable one, and give yourself all the due credit that you deserve.

Finding the time to schedule your wealth creation appointment is probably going to be the hardest part of setting one. Who has extra time in their day? Not many of us, especially if we are attending to all the important parts of it and balancing out our lives and schedules. Nevertheless, with a little prioritisation and schedule modification, you can find the time to dedicate to yourself and your own financial prosperity.

Tips For Finding Wealth Creation Time

Time is hard to come by; so sometimes, you can’t just find it, you have to make it. Here are a few suggestions to get you started.

• Earlier Riser. Here’s one option, which is usually one of the simplest (not necessarily the easiest, as giving up an hour of sleep isn’t always!)—get up an hour earlier, and suddenly you’ve created an hour of new time you didn’t have before. That’s an unclaimed hour that didn’t exist in your schedule before, and so is not already claimed by some other obligation or activity. Just make sure that you allot this time to wealth creation from the start, and don’t ever allow those other obligations to overtake it, which is all too easy to do.

• Night Owl. Some people are just not morning people. Some people just function much better in the later hours of the day. So if getting up an hour earlier is just not in your genetic makeup, try going to bed an hour later instead. Just like rising early, this gives you an hour of unclaimed time that you can dedicate (again, from the start!) to building your financial prosperity program.

Making Sleep-Schedule Changes Work

Now, no one will say it’s easy to just change your sleep schedule and give up those precious sleeping hours. It may take a little doing. The best ways to make this work are to set your schedule for sleeping and stick to it—even on the weekends; the “experts” recommend that you maintain a regular sleep schedule and let your body adjust to it and stay adjusted to it. You can even get used to doing without that hour if you train your body to it and stick to it. Don’t expect the adjustment to happen overnight, give yourself a week or two to get used to it. These may not be your most productive weeks, but at least they set the stage for more productive days ahead.

Come back tomorrow and we’ll talk about more possibilities that you don’t necessarily need to lose sleep over.

Sean Rasmussen
Success Communicator
SeanRasmussen.com © 2004 – 2009

An interesting human phenomenon, which I have recently been reminded of, shows us that when economic times are good, people are quick to take the credit for their financial well-being; but when the tables turn and it’s harder to make a dollar, the flood of excuses starts and people will find myriad “reasons” why their money troubles or lack of financial fluidity are not their fault.

What Do We Know About Personal Financial Responsibility?

So what do we know about this? Are we responsible only for the good that comes our way in terms of money and finance? Is continued, sustainable financial prosperity beyond us because outside world factors are uncontrollable? What would that mean if that were true?

I suppose that would mean that it wasn’t possible to be wealthy all of the time—that it were only possible to be wealthy during strong economic times. So that must mean that in many parts of the world where the economies are in or near recession, the U.S. for instance, there are no wealthy people right now? To be sure there are probably fewer than in years past when times were good, but rest assured there are still plenty of wealthy people in the US and the world now, too. I guess that means, then, that we are responsible for our financial destinies in both good times and in bad. I guess that means we need to learn how to prepare and plan and make the most out of the opportunities slow economies present (because indeed they do!)

More Food For Positive Thought

One last point to make here—if you only maintain your positivity and responsibility during good economic times, then when things get tougher your mindset and attitude turn to what—blame and helplessness. Hardly something that will attract positive thinking. And once you are on that road, there is only one place it leads.

Wile it might be nice to have someone else to blame for what we don’t have, we have to be honest with ourselves and know that isn’t true. There’s only one person responsible for your financial prosperity and you know that is you—for better or for worse, in good times and in bad.

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

I feel like there is further that we could go on the last subject, without beating it to death. I’d like to pick up where we left off, with the thought that if you are not financially healthy you are not much good to those around you. Let’s explore some of the consequences of that.

Selfishly Creating Wealth

Wealth creation starts with you, personally. But you do not live in a vacuum. So it is natural that you might feel like, and that this blog might sound like, developing wealth is selfish. All this talk is about you, you, you, and how you can change and why you should perhaps put others off and not attend to their demands. It’s about how your money comes first.

So what about them? Are you to become a ruthless, self-serving, money-hoarding individual who cares only about your own wealth? Are you to take advantage of anyone who has ever provided for you—financially or emotionally—and care only about what makes you rich? Certainly not. But you are to become a strong, financially responsible and financially capable person so that you can meet all of your obligations with ease, and create a better life for all involved.

Why Being Rich Isn’t Selfish

What it comes down to is that you can do more good for absolutely everyone involved if you hold a strong financial position. You can do more good for

• Your creditors—because you can pay your bills and contribute to their financial stability rather than end up in a precarious financial position now or later.

• Your society—because you can do the above, which means you are financially independent and not dependent on your government (don’t be one of those retirement statistics!), and not contributing to high costs of lending and borrowing.

• Your loved ones—because you will have more money by working less, you can provide for all their needs and many wants, and you can provide them with a strong, lasting financial future.

When you look at it this way, creating wealth takes on a much more admirable light, doesn’t it? You can see that what you are doing is not selfish at all, it is responsible. You owe it to yourself and to those that depend on you to be wealthy. Financial prosperity is one of the most selfless things you can do for others.

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