Wealth Creation Blog

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

One of the things that seem to hold the working classes back from investing to create wealth is the concern over investment risk.  While the risk of investing is something to consider, gaining a perspective on that risk is much more productive.  The thing that working people do not seem to understand is that risk is everywhere and that it is relative. 

Risk Is Everywhere

• Working for money is risky because you can only hold one or two jobs for limited pay, either of which might go at any time
• Working for money puts you at risk because it takes control of your finances out of your hands, and puts it into the hands of much less vested individuals
• Earning as a reactionary measure is far more dangerous and costly than earning and financial planning (as in wealth creation)
• Risk is affordable with a strong financial base
• Investment risk is manageable through diversification and asset allocation 

Financial Risk Is Nothing To Be Afraid Of

The fear of financial risk is nothing more than the fear of money that is talked about in wealth creation.  Money makes us scared that we will not have enough, or that life-ending things will happen if we put ourselves and our own savings first in our budget.  Fear keeps the working class working and does not allow them the confidence to take a measured or covered risk, even though that is the key to wealth creation. If you really think about it, there is a lot more to be afraid of if you live your life by reacting to a need for money rather than creating the stream of money that can sustain you.

 Most people do live in a reactionary budget state—that is, they try to increase wealth when money is needed, after they are in mounds of debt, rather than create wealth first and then spend it (on whatever you choose). When you can gain a perspective on what is really risky as investment and wealth creation goes, you soon come to realize that the real risk is in doing nothing.  Put wealth creation first at the top of your list, and all other things will fall into place and correct themselves—money does have a way of solving problems!! 

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

A complete wealth creation education is a complex thing. At the beginning, you have to learn how to change your attitude and mindset to be able to welcome money and create wealth. The How of it comes later, but is also an important part of becoming financially secure.

Where Do The Wealthy Make Money?

For the answers, look to the wealthy—just as we’ve done to learn how to achieve the right mindset for wealth creation. The wealthy make money in three basic areas—areas Jamie McIntyre calls the “3 pillars of the rich.”

Here are the pillars of the rich that the wealthy use to make money from money:

1. Business—the rich invest in good quality businesses, but not to create a job for themselves, to make money without having to be there. This is different than opening up shop or owning your own service business.
2. Property—real estate has historically been a great place to make money. But again, the rich do this differently. They invest in properties that are assets not liabilities, which is what homes really are.
3. Stocks and Shares—sure there’s risk, but it’s risk that pays off, and that’s what makes the wealthy rich. However, the rich also know how to offset that risk and prepare themselves ahead of time so that stock market risk is affordable.

Tell Me Something I Don’t Know

You probably could have guessed that these are areas where the rich make money and get richer. But what you don’t know is that it’s not done in quite the way you might have thought. The rich do things differently, and that’s why they succeed in wealth creation. The key to wealth creation success is learning how to invest money in these areas in a way that is planned, well-thought out, and sustainable. That is what the rich really do differently, and that is precisely the reason you need to have a great wealth creation program to guide you to make money sustainably. When you can do that, you can really be wealthy, not just have money for the time being.

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

Our wealth creation systems may have had its start in Australia, but you don’t have to be an Aussie to benefit from it.  Given the timeless and culturally non-specific nature of wealth creation, anyone can benefit from a good program like this.  Here’s why… 

Trading & Investing Are Global Money Makers

 All major nations are trading globally.  With the virtually real-time access we have to foreign markets, you can be trading and investing around the clock.  The money systems that run the markets are basic and applicable across international lines.  Even those not engaging in investments via the share markets can benefit from international investment if they like—real estate is everywhere in the world, too. 

Financial Lessons Are Constant

 I touched on this above—the money systems that the world runs on are basic and designed in such a way as to integrate with one another.  Therefore, the financial strategies that are used to make the best of them are, too.  Good wealth creation systems teach flexible investment strategies that can be utilized regardless of country of national origin. 

Mindset Is Eternal

 This is the biggest reason why wealth creation is not dependent on any one culture.  The mindset of success is the same virtually everywhere.  The thoughts and actions that have made rich men and women rich for centuries remain the same.  Success and financial intelligence are the same no matter what nation’s flag you were born under. As we know, mindset is 80% or better of what makes a rich person rich.  Teaching wealth creation is more about teaching mindset than it is about teaching investment strategies.  Teach a person how to think and live wealthy, and you are at least 80% there. Wealth creation is a concept that recognizes no national boundaries.  In today’s ‘global economy’, anyone can be rich; all that is needed is the knowledge that is can be so and a good education in creating wealth. 

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