Wealth Creation Blog

Your dreams of wealth creation and financial freedom have never been easier to achieve. The methods for getting out of debt and becoming truly financially free are simple:

• Pay off all of the debt that you owe.
• Discover as many ways as possible to save money.
• Stop spending more money than you make.
• Design a plan for your future.

If you are able to stick to these steps with discipline and determination, then nothing will be able to stop you from creating the wealth that you desire.

Get Out of Debt

Find out how much interest you are paying on each of your credit cards. Determine how much of your income goes toward paying for your mortgage. If you are paying more in interest than you can make, you will eventually find that achieving financial freedom when you have excessive debt is a difficult task to accomplish.

It is easier to pay off your debt while it is still low. If you must charge something to a credit card, be sure that it is no more than you will be able to pay off when the bill arrives.

Save Money

Benjamin Franklin said it best when he said, “A penny saved is a penny earned”. Cut your expenses down to necessities. Avoid making spontaneous purchases. In fact, it is best to research for the best price before you spend any money to ensure that you always get the best bang for your buck. One way to save money is to shop online where you will not face the temptation of buying something you do not need while you wait in the checkout line.

Budget Your Income

No matter if you make five dollars a day or five hundred dollars a day, you need to keep you expenses below your income. Set aside a specific amount of your income each month to save and invest wisely. You can run out and spend your Christmas bonus on a new television, or you can put it in an investment account and make enough money to buy ten new televisions.

Determine how much you make each month, set aside the amount you need for bills and food, then look at where the rest is going and make cut backs where you can. Invest the amount left each month in a high interest account.

Plan Ahead

If you want to have money when you retire, then the time to get started creating wealth is right now. A savings account is a good idea, but you may also want to try the stock market, the real estate market or in educating yourself so that you will have even more opportunities to become financially free.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 – 2009

A wise man once said that being in debt isn’t about the math; meaning that everyone understands that paying huge interest and being burdened by large revolving debts doesn’t make sense. And if being in debt was only about the mathematical equation, then no one would ever be in debt.

The funny thing is being wealthy isn’t about the math, either. Mathematically, we all know it makes more sense to save money, invest, and build wealth. And if that was all there was to it then everyone would be wealthy.

What Is Wealth Creation About, Then?

If it’s not about the math, what is it about?

If being in debt is not about the math, then what is it about?

If being wealthy is not about the math, then what is it about?

The thing that both of these seemingly opposites have in common is one thing—mindset.

No matter how you got to where you are, not matter what you think consciously and subconsciously about money, debt, and wealth, it is your mindset, emotion, and psychology that got you there. Anyone can do the math to figure out how to logically be wealthy, or not be in debt. But not everyone can apply what they know to building wealth (or to breaking debt cycles). Most people cannot. That is why most people are not wealthy.

People who doubt the effect of mindset on wealth should try looking at it from the other side; for some reason it’s easier to see that being in debt doesn’t make sense, yet so many very intelligent people are. So it has to be about more than the math, right? There has to be a more human, emotional component to being in debt. Just as there has to be a more human, emotional component to being wealthy. If it were any other way, we would have far fewer debtors, and a world full of wealthy people!

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

Free-time is hard to come by. Finding time to learn new things is hard, too. So why learn everything all over again? Why not stick with what you know for as long as it is useful to you? Why not apply the skills and knowledge you have now to your strategies for building wealth?

Maybe you are saying the answer to these questions is that you have no skills that lend to financial investment and wealth creation. I beg to differ.

Do What You Know Now

Very few people are at a complete lack of skills that can be utilized to create wealth. I dare say that if you are intelligent enough to recognize your need, to recognize the benefit of changing your financial future, and to take the action that has led you here that you most definitely have some skill that is usable for investing and making money. At the very least you have a desire and motivation, and the ability to learn and grow. That’s nothing worth ignoring.

If you look within yourself chances are you have much more. It could be something as practical as having home maintenance skills—even as simple as knowing how to house-paint—a talent to be applied to real estate investing. Or it could be something more academic like a propensity for mathematics and records-keeping—a talent that surely helps in valuing stocks and shares. There is something there, and for sure you will find one or more pathways to investing where it will prove useful.

Prioritize Learning Time

Of course learning new skills is not a bad thing, but it does take time. By using the skills you have readily available now you can devote that time to getting a financial education—to empowering yourself for wealth. Spend that time learning the more important aspects, and then later, with those firmly under your belt, move on to pursue more interests. In the meantime, why waste time? Put your own skills to work today to create wealth tomorrow.

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

When people are looking to end their cycles of debting, one of the first steps—the only step, in the beginning—that they are told to take is to commit to stop debting, just for today. The path to debt reduction and financial freedom is based on a concept as simple as that. Don’t incur any new debt. Just for today. Just this day, do not charge on that credit card, or open a new line of unsecured debt (secured debts like vehicles and mortgages not being considered debt in this instance).It’s a very simple concept, and after seeing it, it occurred to me that this is a concept that can be applied to wealth creation as well. Build wealth one day at a time.

Any Progress Is Good Progress

Creating wealth is in many ways very similar to eliminating debt. Not really surprising, as all financial matters are relative to each other. But what I mean to say is that for many, creating wealth can be as overwhelming and intimidating as freeing oneself from debt. At the outset, it just seems too large a task. It’s bigger than we are. There is too much to learn, too much to change, and no money to do it with—often because we are stifled with daily debts and bills.

But that’s just a perception. The reality is much different. The reality is that anyone can get out of debt with the right plan, and anyone can become wealthy with the right plan. And in either instance, any forward progression is progress. Any small step is a step in the right direction.

Start Today For Tomorrow’s Wealth

No matter who you are, you can take a small step today to start building wealth. Just to get you started, I’ll list a few baby steps that can be done right now. Steps that will become your first steps to creating wealth and gaining financial freedom.

1. Read an article on wealth creation

2. Sign up for a wealth creation course

3. Research wealth-building programs

4. Put $10 in savings

5. Open an online savings account

6. Learn one thing about investing

7. Buy a financial empowerment book

8. Stop incurring new debt

9. Sell something and put the money towards your financial goals

10. Make a financial goal or savings goal

You see there in the span of about a minute I just gave you ten things that you can do to start building wealth. What else can you add to the list? Leave us your ideas in the comments. Let’s all take small steps to build big wealth!

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