Wealth Creation Blog

To the struggling middle-class, wealth is something of a mythical state of mind. The wealthy understand that wealth creation is more than that—it is a balance sheet, a budget, a solid means of financing their end goal of financial freedom and living well. Knowing the difference and living the life are two separate issues that severely impact the end goal of wealth creation.

Before I get too far ahead here, I have to say that wealth creation does rely on achieving the wealthy state of mind. But you have to know what that means. The mindset of the wealthy is one of success and maintaining that success. It’s one of determination and motivation. But it is not one of spending blindly to appear wealthy; the mindset of the wealthy is to really be wealthy!

Looking Rich is different to being rich

The middle class mistakenly think that being rich means looking rich. Having things that will make people think you are rich—the big house, the luxury car, the second home, the designer clothes.

In their rush to appear wealthy, the middle class take on fast and easy lines of credit, buy and buy so that they can put on a good show of wealth for the neighbors, and drown in their unmanageable debt. This puts the middle class into a never-ending cycle of working and paying and working more to pay for more. But it does nothing to really save or build wealth.

The wealthy, on the other hand, do things in reverse

They understand that the key to their wealthy existence is cash in hand (used to back reasonable amounts of beneficial and manageable debt). The wealthy wait to make their purchases until they know they have the financial backing to do so. In so doing, they create a stream of wealth first by putting their seed money to work for them to make more money, and spending off the money created by that seed money.

This is an essential difference between the wealthy and middle-class. It is the difference that dictates success in wealth creation. Understanding the difference between appearing wealthy and actually being wealthy is what will determine the success you have with wealth creation.

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.

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

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Since this week we are so focused on the future, I want to take a minute to remind you about how you can use even small efforts to improve your financial outcome in a very big way. We talk a lot about attitude and mindset. We do this because we know that mindset and attitude are the two things that have the biggest impact on wealth creation. And we talk a lot about how important it is that the wealth creation mindset is positive—an attitude of success, determination, and perseverance. A positive wealth creation attitude will improve your financial situation all by itself—even if you never do anything more to advance yourself towards building wealth (knowing, though, that without further action there is a limit to the wealth you’ll create). How can that be so?

Setting Up Dominoes Of Wealth Creation

Think of your financial future like a game of dominoes. Each result is the consequence of the action that precedes it. Just like in dominoes. One move causes the next, and the next, down the line until the end.

If your efforts at creating wealth are based in negativity, they will be counterproductive. Your results will continue to be negative, and they will continue to cause negative consequences on down the line.

If your efforts at building wealth are based in positivity, they will be productive. Positive outcomes will cause more positive outcomes.

Dominoes are a good visual example, but really the consequences of your attitude and mindset are about the attraction. Positivity attracts positivity; a positive attitude clears the way for more good things to come—it opens the door to attracting wealth.

Negativity repels wealth and shuts it out. The spaces in your life are crowded by negativity and old debts, old ideals, old frustrations. Your bad attitude makes you look for and expect more of the same. And you find exactly what you are looking for.

This year, make a point of looking for the positive. Make that the reality that you find. Set yourself up for the greatest and most wealth-producing game that you have ever played. Set yourself up for natural wealth creation!

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

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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

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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

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