The Need For Wealth
Most want more. Simple statement but factual. Unfortunately to get the “more” you have to have money to start. At least thats what most would think. If you have a job you are creating wealth in return for your services. However the wealth being created by you is more likely to go to the owners of the business. The acronym for JOB is Just On Broke. Not too many people get rich through their job. So we need to do more. Easy to say particulary if its already a juggling act between job , family, household tasks and your favourite recreational pursuits (if time permits).
The Possibility
Is it possible to create wealth? The resounding answer is yes. No doubt you will say that’s easy to say but if you are in debt to your eyeballs and wondering how you are going to pay the next bill its hard to see how you you can create wealth. You need money to make money. I was of the same opinion until a recent seminar where I met several people who were down and out and lost everything. One young fellow lived in a squat with 22 others and was in debt to the tune of $14000 with no way to pay it back. The Global Financial Crisis had hit Britain hard and jobs were scarce. One day he did not even have enough to buy a handful of vegetables to keep body and soul together. He went hungry. His life changing moment, epiphany if you like, came when in desperation with self pitying tears pouring from his eyes he ran into a near by cemetery. He stumbled and fell near the gravestone of a young man who had died over a hundred years ago. That young man was one year younger than himself when he died. The deceased was a baker by trade with a life full of promise cruelly snatched away. He decided there and then that would not be him; life can be short so make the most of it while you are here. That was in early 2010. He is now earning a high 6 figure sum through his own enterprise and will be a millionaire shortly if not already. I heard several such amazing stories over that weekend.
Setting Goals
The one aspect that hit home is that you need to act and want change your life around, to have the mindset to change and set goals. Goals that you can break down into steps and achieve. Its not much good saying that you will be a billionaire – that’s a wish and not a realistic goal. A simple goal to start may be to bank $100 per month. Once set you can determine how you will get that $100 without disrupting the household budget. Try it and you will see that it can be achieved and probably without a great deal of sacrifice. Pack your lunch, enjoy the coffee or tea at work (if work supplies these) rather than the cappuccino at the local coffee shop, walk a bit further and save on fuel, use the bicycle, go home after work rather than the pub every afternoon, use the local library rather than buying your books, throw your loose change into a tin every night, sell unwanted stuff on e-Bay and declutter your house. Each step or action can save the money you set your mind too. There are myriad ways of reaching the goal. Once achieved you can then set other goals such as turning your interests into a business. It helps if you do something you love.
The Measure of Wealth
Now how do we measure wealth? What is wealth to one may well be judged to be a subsistence level to another. But basically you want enough to be able to do what you want to do. Not be reliant on a job and be the master of your own destiny – not be beholden to boss. To have the freedom to travel, visit exciting places, do things that interest you, give to a favourite charity or simply have days where you can sleep in without guilt. To do that you need a passive income flow. Some would say a business may be the way or property investment over a period of time. Others are getting on the bandwagon of selling products through the Internet or the social media platforms such as Twitter or Facebook.
The Need To Act
The one thing in all of this is that you have to act. Dreaming about that Lotto win to solve your problems may determine that you will always want for the rest of your life. Wealth creation only comes about if you act and start to commence in your quest for wealth. This blog is dedicated to wealth creation; articles of interest that may pique someones zeal. If you want to be better off go for it there’s no easy way but to act.
Arnold Vee