Wealth Creation Blog

I just by chance happened across a few discussions recently that referenced the many myths that people hold around money; these are myths that keep people from saving, investing, and making money because they either misinform, or essentially provide excuses for people not to take firm control of their financial house. I paid it little interest at the time, but then thought more deeply later that this is, in fact, fundamental to real wealth creation.

Out With The Old, In With The New

It’s not as if I didn’t know this; one of the primary missions of programs like Jamie McIntyre’s is in educating people to the real truths of money, saving, investing, money systems, banking and establishments. It’s an important part of any plan to build wealth because having the real information, and the ability to analyze a situation, is freeing and opportunity-producing.

Here’s an example of what I’m referring to. One of the things that were mentioned was real estate—whether it’s better to rent or to buy a home. Of course, this really means mortgage your home because most people don’t have their “bought” homes paid off.

The general consensus is that buying your home is best. Different wealth experts would have different things to say about this. But the articles you read say not necessarily—and that can be true, too. Jamie McIntyre, for example, would buy multiple properties but would keep his home, his personal residence, usually out apart from investment properties; or, he may suggest living in one but still viewing it as an investment and always knowing it as such. He learned a lot of this from Robert Kiyosaki who believes in investing in real estate, but knows that a home is not an investment; it’s a place to live, whereas your money makers are in a different category. More often than not it’s all in how the banks would have you view it.

So what’s the point?

The point that I’m trying to make is that there are many ways to look at things. And, I guess, that you can’t always take what you read at face-value. You have to consider it on your own terms, and peel back the myths and general advice to look strategically at the financial decisions you make. And I have to add, a very good way to nurture those skills is to get educated! Financially educated! Learn the facts and motivations behind all types of transactions, and find the ways that you can capitalize where others fail to learn.

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

Last time we talked about how you are not your financial past. In a related matter, today we talk about the fact that you do have money now—no matter who you are, what your debt load is, or how many bills you have to pay. If you have a dollar in an account or in your pocket, you have money. You have what you need to start building wealth.

The Reality Of Your Money

There are a lot of people out there who don’t believe this to be true for them. A lot of those are people making very nice incomes every year. They do not think they have money because the reality is that their money is gone before it ever clears the banks. Where does it go? To bill collectors, debts, financial obligations, costs of living. Given the many outstretched hands most people just don’t really think they have the money to put towards themselves and their developing wealth.

The truth is nearly everyone has money. But they choose to continue seeing to their debtors’ needs first, and ignore their own.

Taking Power Over Your Money

Once you understand that you have money, you understand that you have the choice of what to do with it. Once you understand that you can begin to make choices that favor you. Once you do that you can start taking actions that lead to personal wealth. You can still find way to satisfy your debts and financial obligations, but you can couple them with wealth-producing actions.

It is a hard thing to do to find ways to do this; it is hard enough just to put yourself in the mindset of control and financial choice. This isn’t something you have to do alone, though, this is something that is addressed and can be learned through homestudy programs like Jamie McIntyre’s. For now, know that your money and your choices are real, and that you do, indeed, have all that is required to be wealthy and be rich!

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

If you find that creating wealth overwhelms you, you are not alone. And if you find it difficult to overcome that feeling, you are not alone, either. Why is this the case? And how can you get beyond it? You might start by first analyzing what the emotion of overwhelm really is.

Why We Feel Overwhelmed

The reason that we feel overwhelmed by new tasks is that they feel too large. They are just too big to wrap our minds around them, and so we feel like the job is impossible.

There is another element that contributes to that feeling of being overwhelmed. It is the desire to get through it all now. To want to be done with it, to be at the end, to have reached the pinnacle and disburse with the work of it. There’s nothing wrong with wanting that, with having a high level of motivation to achieve your goals. Unfortunately, that’s just not realistic. You have to put the work in if you want to enjoy the rewards—you have to invest something to reap the benefits and become wealthy.

Get A Grip On Being Overwhelmed

Knowing this is half the battle, as it always is. Gaining a perspective and knowing what you are up against is the way to combat feelings of overwhelm and anxiety. When you understand that feeling overwhelmed is simply a reaction to wanting to be at the end and be wealthy, then you can begin to rationalize the situation and tell yourself what you need to hear to stay motivated towards wealth. You can recognize the tasks as necessary steps to getting rich; you can break those tasks down into smaller, more manageable tasks, and you can set smaller interim goals to help you along the way.

Being overwhelmed is just another emotion. When you learn to control it, you can enjoy great success in creating wealth and being financially prosperous. You can be rich!

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

Until you resolve to remove them, there will be always be some barriers that stand in the way of your best efforts at creating wealth. That may mean that you cannot find the time and energy to devote to it, or it may mean that you cannot find the amount of time that you wish you could devote (so as to put more of an effort in, and so as to get more out).

Whether it’s stepping up your efforts or just getting them started, your daily obligations no doubt are a cause of resistance for you. By obligations here I refer to those things that you feel cannot be moved or changed that infringe on your available time, money, and effort. Surely some of those are non-negotiable. When it really gets down to it, though, some of them may not be real obligations at all.

Your Time, Your Money, Your Obligations

Everyone has obligations that they feel are beyond their control; but we know that is hardly ever the case for any of them, really. But we also know that your moral obligations to other people supersede your real choices—as well they should in many cases. There is a point where you cannot responsibly make choices that negatively impact others. But there are also responsibilities that you feel toward others that are much less important—these are the things that you may feel obliged to attend to, but that are not life-ending. These are the things that can go.

The negotiable obligations come in many, many forms. Some of them come in the form of bills and debts than can be handled otherwise; some of them come in the form of time choices—like when other people pressure you to spend your time their way and not your own, but you could choose to change that. Most of the negotiable choices have at their heart an emotion—an emotional obligation, the “feeling” that you can’t spend that hour learning about developing wealth because your partner wants your attention. But is that real? (Not that you should go breaking up the relationship—but there is such a thing as balance, yes?)

The point is, too often we feel obligated when we really are not. A lot of the time the only way to overcome this is to go ahead and do what you want to be doing or accomplishing, and see what the result is. More often than not you’ll find out that nothing of major consequence really happens—that you find other ways to see to your obligations and needs, and that you find out there are many things you’ve been doing that really aren’t obligations at all. And that the real obligation is to see to your own well-being first. Because if you are not healthy financially, you are not doing nearly the good that you could for others.

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