Wealth Creation Blog

A lot of what we learn in wealth creation programs, including the 21st Century Academy programs and courses, is something that we come across again and again. At least, if you run in circles of financial empowerment you will. The more you read, the more you research, the more you watch or listen to, the more wealth building information that you access, the more you will see similarities and repetition. What can we take from this?

Great Minds Think Alike

Great minds think alike. There’s probably no more succinct way to say it. The reason that you will find much of what you see taught again and again as you pursue the various avenues of wealth creation again and again is that the people who have succeeded in creating wealth and gaining financial freedom have done so based on solid foundations of money, investment, money management, and mindset. Basically, they get it. And not surprisingly, what’s worked for one works for another. It’s the very reason that one person can teach another how to become rich—because it’s the same for all. You just need to learn how to do it.

Proof, Not Mindless Repetition

What we can take from this is that the recurrence of certain concepts of wealth and financial control are proof that these methods, strategies, and fundamentals work. This is not a case where uncreative minds come together and repeat what someone else has said. This is a case where groups of successful individuals have made money, built wealth, and passed on what it is they learned for the success of others.

If you’re doubt it, you have only to look at the track record of the one who is telling it to you—the expert behind the strategy or theory. Look for his or her individual success. It should tell you all you need to know to know who is really a leader in wealth education, and who is just following the masses.

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

Any wealth creation expert will tell you: if you want to be rich, start again at the beginning. Why? Because what you’ve been taught just isn’t getting you very far.

Life And Financial Education Until Now

That may sound harsh, but if you are honest you’ll agree that it’s true. Why else would you be here if your money or financial education had done its job?

No doubt you’ll agree that you did not learn enough about money and financial control—were not exposed to enough through the education you’ve received in school or in life—to teach you how to really grow wealth. Wealth creation relies on a level of understanding of money systems, investment, mindset, and attitude that just is not approached in school. Few of us have the benefit of a wealthy mentor or parent with such an understanding, and so the majority has been educated very little in wealth creation. We’ve all learned to work for money, but not to create wealth by making that money work again.

Along the way, we’ve also been conditioned to look at money as something negative—as a demon that creates deprivation, instead of as a tool that is there for our own personal use and the use of all others. The things we’ve been conditioned to believe about money continue to impact our every financial decision and reaction.

Life And Financial Control From Here On Out

To live differently, to create wealth and gain financial control, we need to go back to the beginning and get the financial education we should have received the first time around. The resources are certainly there; wealth creation is no longer a well-protected secret. You do have to search out these resources, though, and be a willing participant in your financial future. Use these resources to go back to your beginnings in money and finance, and learn it again in easier, more sensible terms.

Sean Rasmussen
Wealth Creation Blog
UniversalWealthCreation.com © 2004 - 200830

Goal setting is an important part of successful wealth creation. And as we all know, this is the prime time for setting new goals for the year.

Looking Ahead To Wealth Creation

Envisioning your financial success is one of the ways we succeed in wealth creation. Form a vision of where you will be at this time next year, and let if guide you as you set the goals—the path to financial freedom—that will get you there. The practice of setting New Year’s financial goals starts (as we laid out in the last post) with reassessing the year past. With a firm grasp on your current financial picture, make a plan to take you through the next 12 months; make it a plan that ends much better than it starts. No matter where you are in wealth creation, there is always room for more…

Make Wealth Creation Goals Meaningful For You

Everyone’s financial goals for 2008 will be different. Every one of us is starting at a different place, at a different point in wealth creation efforts, and at a different level of understanding of wealth creation.

• For those of you just starting out, and also for many of you who have yet to make a strong showing of investing, the best goal for you might be to find the money that will fund your efforts at creating wealth. Take a look at the list of places we talked about before and figure out where your money will come from.

• Of course, you’ll also need to decide where you will put that money to grow it and make money, but first give yourself a level of protection and spread the wealth around in your life. Take a look at what Jamie McIntyre calls the ‘bucket’ concept; having buckets of wealth will help minimize your investment risks.

• Make it your goal to continue your wealth creation education. No matter where you are in wealth creation, you can always learn more and find new ways to put your money to work for you.

• To this list, add anything that will help you improve your financial future in the year ahead.

One goal worth a mention by itself is savings. If you’ve read Jamie’s book, you know that building a base of savings is imperative to wealth creation and financial success. But almost none of us do it (the wealthy are excepted). This year, set a dollar-figure for straight savings, and work to build a habit of savings—no excuses!!

Wishing you loads of financial success in the New Year…

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

Are you here because you are one whose wealth-creation program has been running around incognito?  Did you think you were buying into something promising and great, something that could really give you the tools you need to make money and create wealth?  Are you still looking for the wealth-creation part of your program?  The part that gives you a complete set of skills to make money with? You’ll be able to answer ‘no’ to all of these questions if you’re participating in the right system for creating wealth; if you’ve trusted another program that just isn’t delivering for you, though, perhaps you’re here hoping there is still someone out there that will.

Telltale Signs Of Scammy Wealth Creation Systems

 I wish I could just list all the scams out there, but for one it might get me into some trouble, for two others may disagree, and for three—there are just too many to keep up with!  Instead, maybe I can give you some pointers of the programs that are disguising themselves as real wealth-building opportunities without foundation. 

• Nothing to learn

A wealth creation program is really an educational opportunity.  It is not about you handing over your money to someone else to ‘invest’, or about you pooling your money with a group of strangers.  Good financial empowerment programs teach you how to invest in a way that actually works. 

• Nothing to reproduce

Your wealth creation program should give you investment knowledge and strategies that can be reproduced—over and over throughout your life, so that you create a whole lifelong system for making money, not a one-shot deal that claims to make it all in one investment (a great way to lose everything). 

• The sales pitches only approach

A lot of the financial products being sold as wealth building programs are nothing more than sales-pitches for investment software, etc.  Make sure you are buying an education that teaches you. 

• Buying into a ‘business’

You don’t build wealth by saving money through strategic buying alliances and multilevel marketing schemes.  Heck, you probably don’t even really save money on products “you buy anyway” by doing that. 

• Nothing to prove

A program with no backing is not a successful, replicable system for creating wealth.  Make sure the program you invest in has references and testimonials from clients who have used the system and succeeded. A financial program for making money and creating wealth that meets the above criteria—or more accurately, does not meet the above criteria—will be flexible and versatile as well.  Choose a reputable system to teach you how to create wealth, and steer well clear of the scams that are just ready to take your money and run. 

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

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