Wealth Creation Blog

It holds true with all things throughout life that if you want to successfully accomplish your goals, you have to stick to the plan. The same goes for wealth creation, you have to follow the specific rules of thumb if you expect to succeed.

The first rule of creation wealth is to make sure that you are paid first. That simply means that no matter how much you make each month, you set aside at least ten percent for yourself. Put the money in your investment or savings account where it will continue to grow. Take the rest of the money to pay your bills and purchase necessities. Just make sure that you get your cut first.

Now, many people hear that and they think that they cannot do it. These people feel like they are working as hard as they can already and are barely making ends meet. They believe it is impossible to put any money aside for savings and investments.

Think About It

Before you give in to such negative thoughts, take the time to think about where your money is going every month. You are sure to find places where you could spend a little less. The problem most people seem to have is that they believe that you are supposed to make as much money as you possibly can, pay all of your bills and then just spend the rest. If you stick to this kind of plan, you will continue to live hand to mouth for the rest of your life.

Sit down with a pen and paper. Make a list of all of your income sources and determine your total monthly income. If your income varies from month to month, simply use an average to get the correct figure. Next, make a list of everything that you pay for each month. If you have accounts that require quarterly payments, work out the monthly average to get an accurate calculation. Once you know where you stand, you will be able to work more effectively toward creating the wealth that you desire.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

I came across an interesting wealth creation and self empowerment tactic the other day, where a person talked about writing a commitment to himself. This struck me as a simple but empowering way to not just set goals (it’s more than that), but to make a contract with yourself to guide you.

Contractual Commitments

Formalizing goals in some way makes it easier for us to achieve them. Like the personal business plan, it gets the goals and benchmarks down in writing and gives us something to come back to regularly so that we can stay on track and remember what it was that was important and why.

This idea goes a step further. It doesn’t just list goals for a period of time (say a year), it makes promises, commitment—a commitment to yourself to do better for you.

Making You Accountable For You

Making a commitment to yourself adds a measure of personal responsibility and accountability that a list of goals just doesn’t have. A list is just that—a list. A list is neutral. A commitment on the other hand is not. It is charged with the kind of dedication, determination, emotion, and levity that you need so that you can respect it and feel accountable to it, and to you.

This commitment can be in any form—a contract, a letter to you, a blog post to you shared with your readers (going public with your goals is motivating!)…a journal entry…any form that you like. The important part is the commitment, dedication, and meaning behind it.

What is that meaning? It is that you matter to you. With this commitment you are finally, formally prioritizing the most important person in your life, the only person who can make your life better so that you can be more to those who rely on and matter to you.

Today is a good time to sit down with yourself and some quiet and make those promises and commitments that you’ve deserved all along. Make a commitment to a better life for yourself, give yourself the due respect you deserve, and walk away feeling all the better for knowing that finally, the financial freedom you want to achieve is a life’s priority because you’ve made it so.

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

Yesterday when we talked about relieving ourselves from undo pressure and stress and making room for wealth creation, I mentioned that it often helps to have not one “To Do” list, but two or possibly three (whatever works for you). Here’s the reasoning behind that.

Priorities

It’s all about setting priorities. If you can set good priorities that are well-matched to your goals and what you are trying to achieve, and you follow through to meet as many of those daily priorities as you can, then you can rest easy knowing that you are being the most productive that you can be—that you are stepping up to meet your obligations and challenges, and that progress will happen as a result. And you don’t need to “sweat the small stuff” any longer.

Your first To Do list, then, should be one of only top priority “must do” tasks. You have to keep it reasonable, though—just because there are other things needing doing in the near future does not mean they all need to happen today. Besides that, you couldn’t do it all in a day if you tried. So pick the most important tasks for the day and put them on list one, but only as many as you can reasonably expect to do.

Runners Up

Your “runner up” list is should include those things that are upcoming soon that are becoming important. You need to do them, but maybe just not today. If you have a good productive day and complete list one with enough time for more, start at the top of list two and work down. You could use the same concept for a third list for even less important things, or the little fillers that you can squeeze in that need doing (Fillers could also go on list two and fill in small gaps in list one when possible).

Focus, Not Procrastination

If this sounds like a fancy form of procrastination, it’s not. It’s a way to focus your time and energy without overwhelming yourself; it’s a way to maintain the motivation of achievement by seeing progress every day, and not being stressed at the end of it because things remain untouched on your list. As the important, pressing tasks of list one are removed, replace them with the up-and-coming from list two, and list two with those from three, and so on. The point is not to let the secondary lists stagnate, but to be progressing and resetting your priorities and focus for constant progress, leading to achievement, wealth, and success!

Sean Rasmussen
Success Communicator
Aussie Internet Marketer © 2004 - 2009

Wealth creation is one of those things that is all too easy for us to put on the back burner, even though it is the key to living our best life possible. It’s easy to figure out why this happens—there are just too many pressures and obligations in life, and too many things that “have” to get done, so we end up dropping the things off of our “to do” list that we consider to be negotiable. We put off our wealth-building tasks to another day when there is more time. Of course, there never is more time, is there?

Make An Appointment For Wealth

This is probably the largest hurdle for people to overcome as they work toward prioritising themselves and toward building wealth. It’s also one of the most important to overcome, because if you don’t take any actions towards wealth-building, you will not make any progress, and nothing will really change in any significant way.

The best way to combat this problem is to stop letting wealth creation be negotiable. Start making it one of those absolute “have to do’s” every day. Make an appointment with yourself and block out a period of time each day when you will meet with your wealth creation strategies and work on it. It can start with just a short block of 20 or 30 minutes if that’s all you can commit to for now. The most important thing is to make that appointment, pen it in, and keep it!

The things that we only commit to half-heartedly, or that we consider flexible, will almost always be pushed off for another day—there’s just too much to do, and it’s too tempting to free up your time by taking a few things off that too crowded list. Certainly there are less important things that could and should go, but wealth creation is not one of them. Give your own financial freedom the importance it deserves, and make that the appointment you keep.

Sean Rasmussen
Success Communicator
SeanRasmussen.com © 2004 - 2009