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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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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