Wealth Creation Blog

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.

What Are You 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

The reason that investing turns bigger profits than traditional bank accounts is that the investment markets are riskier—you are rewarded for investing in something that is not a sure bet. Therefore, inherently, wealth creation through investment is somewhat risky; without risk, though, all you have is marginal growth through savings.

However, your overall wealth creation strategy does not have to be risky. By using a simple strategy for wealth building designed by Jamie McIntyre, you can spread risk thin so that there is little to no chance of losing it all.

Baby Buckets

Jamie starts us off with the analogy of a big bucket of wealth. From that store, the money you have is divided into four smaller “buckets”, or “baby buckets” as Jamie likes to call them.

Each baby bucket is purposed for a different type of wealth. First you have your

• Security (cash) bucket

• Growth bucket

• Momentum bucket

• Lifestyle bucket

Each of these buckets, as you might have guessed, carry a different level of risk and are to be used for different types of investments (or for different strategies, as you choose).

The purpose of the baby bucket strategy is to create a personal investment portfolio of sorts. Taken as a whole, these baby buckets give you the ability to both secure a firm financial foundation and grow funds without the risk of losing it all. It’s risk and security all rolled into one.

In a future post, we’ll talk more about what goes into each of these wealth creation buckets and what the different levels of risk are. For now, start thinking about this concept. Strategies like the baby bucket principle are an important part of developing financial intelligence. These are the types of strategies that will help you start thinking about the big picture and the kinds of spending/saving/investment changes you need to make in your life so that you can work towards achieving sustainable wealth and financial freedom instead of gaining a few big investment wins that will last only temporarily.

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

You will find the best potential for success with a wealth creation program that is versatile and flexible.  A versatile program for creating wealth will give you both the guidance and the flexibility you need to succeed, make money, and achieve lasting financial freedom.

What Kind Of Program Versatility Do You Need?

There are many avenues and strategies for investment that can be used to create wealth.  You can invest in property, insurance, the stock market, business, and other areas as well.  What’s more, within each area of investment you can employ different wealth-building investment strategies.  When you multiply the number of avenues with the number of investment strategies, you come up with a great many possibilities for making money and creating wealth. Many wealth creation programs available today are nothing more than the one path and strategy that worked well for the creator of the program.

In other words, the creator made money by using strategy Y in avenue B, and that is exactly what he or she will teach in his or her wealth creation program.  If this happens to be a program that matches your investment resources and style, then you may well make money with it, too.  If, however, after investing a lot of time and money in this program, you find that the program is not workable for you, you’ve wasted a lot of time and lost precious financial resources. A more holistic program for building wealth will give you a much better chance at succeeding and reaching your wealth-creation goal.  Find a program that offers to teach : 

A variety of investment strategies

Investment strategies that can be applied in different areas of investment

Different types of investments (presents the many avenues for wealth creation)

The mindset and life alteration necessary to succeed at wealth creation (*This is a big one! If you don’t know what you need to do differently to develop the mindset needed for financial success, you will not successfully build wealth!)

Assess your wealth creation program and make sure that you can use the information it contains in a variety of ways to carry you through wealth creation in the beginning, and on through the end—a program that can both get you your start and change as you grow!  Boost your wealth-building potential with a versatile wealth creation system! 

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

Around here we become so intently focused on helping adults make a better financial life for themselves that we often neglect to talk about the people who stand to gain even bigger and better things from a wealth creation education—our children!  Just imagine, though…if learning to create wealth now can do this much for you at a more advanced age, how much better off could you be if you’d learned to make money work for you from an early age? 

Your Kids Need Your Education

Whether you are a parent now or not, heed this message.  If you have children, hear what I’m saying and start helping them learn about money now.  If you plan to have kids, better still—you haven’t lost any time!  If you will never have kids, but care about youth and the future of the economic planet, read on and think where you might apply this knowledge in your life to help others. The financial institutions that ‘taught’ us how to make money have not changed much in the years since you’ve left school (regardless of whether that was six years ago or sixty).  Public and private schools and universities are as inept now as they were then.

They are still teaching your kids what they taught you—how to go to work, work hard, and chase the elusive big paycheck.   Still today there is no education that teaches our kids how to put their money to work for them.  Today’s kids are still only getting half of the equation—the same half we got that did little to nothing to help us live a free financial life. Being that you’ve found wealth creation, you have a unique opportunity to do something now to set your children (or the children important to you) up for a great, financially free, life.  Share you wealth creation education with your kids.  Do not hide your former ignorance from them—show them that there is more to learn and that you’ve had the foresight to learn it! 

Let your kids learn to save and invest to build wealth along with you. You’ll be giving them an invaluable start, with a seasoned coach to fall back on.  You know you can’t rely on the educational system to do it, or you’d have been living your dream life years ago.  You know your kids need more. A solid financial education; a lifetime of financial nurturing and support; the foundation to build enough wealth to live the way really want to be living.  What more could a child ask for? 

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

We’ve talked a lot in the past weeks about gearing up for great wealth in the New Year.  We’ve talked about setting definite wealth creation goals and making time to accomplish them.  Now let’s take a look at the big picture. 

The Best Laid Master Plans

Short and long-term goals for the year are great.  But to get where you need to be, you need a big plan that takes into account the big picture.  Wealth creation will be your goal, but you have to remember to incorporate that into your whole life—because as we know, creating wealth does not happen in a vacuum.  All parts of your life work together to create the whole. 

Timing Isn’t Always Everything

I stand by the fact that you need to make the time for wealth creation, not find it.  I stand by the fact that you should have a clearly defined set of goals for the week, the month, and the year.  Those goals should all come straight out of your wealth creation Master Plan—whether that is accomplishable in a year or whether you think it will take longer.  Focus on getting the tasks and the plan down on paper, then worry about the timing later. 

A Plan To Rule All Others

When you write your Master Plan, really brainstorm all the parts of your life and being that need your attention.  Include time for- and goals focused on-  

• Nurturing your mind and spirit (to allow you to make room in your life for money and create a positive environment that will lead to financial wealth)
  
• Educating yourself—filling in the gaps in your financial education—what you didn’t learn in school but wish you had!
  
• Applying the financial concepts you learn as you learn them; both your education and investment plan are continuous and ongoing, moving you forward towards financial freedom!
  
• Creating the lifestyle you hope to achieve—because ultimately, this is what building wealth is all about

Any aspect of your life that you see is lacking should be attended to in your Master Plan for wealth creation and life success.  Be open and honest with yourself, and write yourself the Master Plan that will take you from here to financial prosperity and freedom! 

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