Wealth Creation Blog

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

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We talked before about increasing your income by getting what you are worth. No doubt plenty of you left thinking that is easier said than done. If it was that easy to convince your boss to give you that much-deserved raise, you’d have done it already, right? I hear what you are saying, but wealth creation does rely on your ability to access that all-important seed money for investment. And a great number of people have easy access to cash right at their fingertips—if they’d just be confident enough to get what they are worth.

This really goes back to the issue of mindset and determination; if you have the mindset of success, wealth creation will follow. If you know your own worth and believe in it, you will find financial success. If you are determined to improve your life through wealth creation, you will put in the effort to get all that you are worth.

Recognizing, however, that it can seem impossible to tap that worth, Jamie McIntyre has led the way. His method for increasing wealth by tapping self-worth is simple and straightforward.

Prove your worth

Many people have a small idea of what they are worth, but no real research to back them. Research, though, is no more difficult than a job hunt.

Take your credentials to other companies and see what they are willing to offer you. Compare that to what you are getting now, and then go to your own boss with the offers. In many cases, a company will sooner step up to the plate and give what they should be giving before they will lose a good employee to the competition (especially now that they know what you can do for that company).

Don’t go in haste, go with a plan. Try to get three offers to back you up. Show that your skills are valuable, that you are willing to move on, and also throw in some bit about the value that you add and can continue to add to your current company.

In the business world, pay increases go to those who ask for them. But yours will be better still if you do more than ask—prove your worth! Prove your worth (even though your company probably already knows), show that you have options, and be prepared to move towards those options if your current employer won’t match your terms.

You’ll know just where you stand in terms of worth and valuation. That’s an important lesson to learn on the path to wealth creation.

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

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A change in your wealth condition has to start with a change in your wealth conditioning.

For the majority of us, we have been raised in a counterproductive wealth conditioning. We have been taught that money is bad, that it causes more problems that it solves.

Jamie McIntyre’s millionaire mentor explained it best

“The way we teach our children disengages them from money. It discourages them from having wealth because we condition them that it is wrong to be wealthy.”

He goes on to talk about the many clichés and “proverbs” that we are raised with. Things like:

• “The meek will inherit the earth”

• “Money is the root of all evil”

• “Money changes everything” (but why does that have to mean for the worse?)

And as he goes on to say, there is no truth behind statements like these. The Universe, as Jamie’s mentor says, is not emotionally invested in your financial outcome. The universe is neutral. The only person interested in your financial success is you, and so the only person that is stopping you from succeeding and creating financial wealth is you.

If we are to find success in wealth creation we have to first recondition ourselves, and relearn that money is not an evil. It is not a devil that is working against you; it is not a universal force that is out of your control; it is not something you can only have at the expense of another.

The supply of money on the earth is endless, and there is more than enough to go around. Building financial wealth for the benefit of you and yours by no means requires you to keep your brother or sister, friend, or neighbor in financial hardship. On the other hand, wealth creation can provide you with the means to help those you choose to help, and to teach others to do the same.

It’s time to stop thinking about money as the base of all our problems, and start recognizing it for the opportunity that it truly is. It’s time to start on the path to wealth creation for a better life for all.

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

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Many of us, particularly those of us with children, never step foot in a bank anymore. Unless we make special plans to leave the kids at home, we’re doing our banking online and at the drive-up teller. What impact might this convenience banking atmosphere be having on the efforts of our children to create wealth?

The Good, The Bad

Convenience banking is resulting in a generation of children that have no concept of the reality of money. In wealth creation, that could be a blessing or a curse; which one it becomes depends largely on you as parent and/or mentor.The good news is that convenience banking raises children to think that money isn’t real. As we learn in wealth creation, money really isn’t real; money management and investment is nothing more than paper transactions in reality. It takes no “real” cash money to buy anything anymore—not fast food, not clothes, and especially not the big things like real estate and stocks. This is beneficial in that kids don’t get so hung-up and fearful of money.

The bad news is that convenience banking raises children to think money isn’t real. They have no idea about the actual cash backing debit card transactions and credit lines. They lack the concept of working for money to pay for a purchase. Children learn today that you buy what you want with plastic, but don’t often see the work and pay side of things. They learn to focus on the materials of life, not the money behind them. Instead of learning to save and build wealth, children learn to spend and become indebted to the banks. Later, they learn how to struggle to pay for it. It’s a backwards understanding of money systems.

The Answer

You can help your children and use this convenience banking phenomenon to your advantage as a teaching tool. How? The same way you help yourself learn to manage money and create wealth—with a wealth creation education. By giving your children more of a financial education, you will garner the benefits of the convenience banking mentality without the liabilities of the spending and debt trap. Include your children in wealth creation, and let them learn with you before creditors teach them the hard way.

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

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I love this term; it’s been borrowed from Robert Kiyosaki, whom Jamie McIntyre followed heavily as he created the 21st Century Academy wealth creation program.  So what’s it all about? 

What Is Your Business?

To mind your business, you first have to know what that business is.  If you are like most people, you will probably tell me that your business is whatever career-field you are in; but you would be wrong.  Your career is your job—it is your employer’s business, not yours.  Even if you own your own business your work is not your real business, it is your work. Your business is your personal financial plan for investment—it is what you fund with the money you make at your day-job. 

So maybe you are a plumber by trade using the money you make as a plumber to invest in real estate and create wealth.  That makes plumbing your job and real estate your business. Most people do not understand this until they embark on wealth creation. They see their job as their business, and their real business–wealth creation via investment and asset attainment—suffers or, for many, never even gets started. To create wealth, you have to make your business your priority,  This does not mean you do a poor job at your work, it just means you put everything in its place and prioritize that which will make you rich and get you out of your day job. 

You understand the difference between your job and your business, and you engage in a line of business separate from your work that creates wealth (money making money, passive income). If you hope to make money and succeed at wealth creation, you first have to have a business.  Create the business of you and start building wealth today!

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

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