Have you ever felt once in a while how great would it be having all the good things in life, without having to worry where the next money will come from, retirement issues, etc?
But now, if your reading this and you are in a paycheck world, do you think it is still be possible for you to just enjoy a quiet morning, with a great coffee and a great sun? or maybe even enjoying trips from all the places you want to go so bad, without ever thinking about deadlines or what the boss might say?
The next best thing to do in order to do wealth building in a paycheck paycheck world, is to take a deep breath, know what is the difference between the poor and the rich, not is there anything wrong with being poor, you can be happy being poor or rich, being wildly wealthy is better. If we know the principles behind the ways to become wealthy, all we need to do is just duplicate it.
Some of the concepts below are some of the many principles the wealthy have used to create wealth. They have duplicated these principles to become what they are and have what they enjoy today.
1. Believe in the power of compound interest in investment
Compound Interest Investment is referred as to the investment in relation to time and interest. The higher the time, the larger the interest and therefore the compounding goes on and on.
Whether you are investing in Forex, Stocks and Commodities, compounding is the life force of your investment. You plant a seed, give it time to nurture and it will nurture you in the end, having your fruit bearing tree ( with money of course).
2. Real Estate and Financial Markets : accelerate your wealth
It is said in statistics that 98% of the millionaires have built wealth because of property.
This is not new, we all know that as population grows, so is that value of land, and is one of the most secure investments ever.
Financial markets is said to be risky, but most successful men and women will find that the financial markets is a river of money. You cannot fight the flow, you will only hurt yourself. Studying, understanding and going with the flow of the financial markets, combined with real estate makes a wealthy, wealthy man.
3. Leverage. The Wealthy repeats this principle to be wealthy in no time.
The financial markets has this one of a kind of specialty, the leverage. It uses a small portion of your money, borrows some more and use it as your investment. They say here is where it comes risky, but a proper education and understanding thinks otherwise, it can increase investment exponentially with a small amount.
Forex has one of this special privileges that is less more risky because in Forex you can start small, like $50-$100, and turn it into thousands. Do this process again and again carefully and that dream home is not a dream anymore.
This are some of the concepts that the wildly wealthy have used time and time again to have that nice car, vacations and houses that some might only dream about. Starting to shift your thinking into a prosperous one will open the doors to investments. The economy doesn't have to do with any of it. Let it start from you.
Monday, April 6, 2009
Financial Security Planning : Building Wealth and Freedom Principles of Wealthy Individuals
by:
yestom
time:
4:56 AM
label: Wealth Building
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