The 5 Unbreakable Laws Of Online Wealth Building

When the internet first started, few could ever imagine how far reaching it’s effects will be more than a decade down the line. It’s a fact of life now that the internet will continue to change virtually every aspect of our everyday life. As the world’s internet population keeps expanding, so does the opportunities for entrepreneurs and ordinary folk looking to escape the slavery of a nine to five job.

 

Online wealth building is for everyone. The sheer amount of opportunities presented online enables anybody to start building wealth online. There are just so many areas to explore and regardless of your level of talent, skill or interest, you will find something that suits you. Someone once said that ‘you can turn any passion into profit online’ and this is more true now than ever before. It seems like the biggest problem is not in finding a suitable program, but rather in not getting distracted by all the various options that we get bombarded with. Every single day new opportunities open up and it’s our natural tendency to get in on the action. Online wealth building however relies on focus and having the discipline to not get distracted.

 

If you are committed to building your wealth online it holds many obvious advantages. The freedom to work on your own clock and answering only to yourself are the main reasons why so many make the shift from the office to the spare room at home. Many online wealth building programs create false illusions that leave many aspiring newbies out in the cold after investing their valuable time and money. The internet is a tough world when it comes to making a living, but then again so is it out there in the ‘real’ world. Don’t expect an easy ride, but don’t be put off either. There are just so many opportunities online that you are bound to find your place sooner rather than later.

 

I would like to offer you what I consider to be the five laws of online wealth building, that can help you greatly towards creating long term success online. I would encourage you to use these laws to evaluate potential opportunities or just to evaluate your current position.

 

The Law Of Excellence:

 

Things tend to move really fast online. It is critical that you commit yourself to excellence and to always keep learning and improving. If you don’t you will most certainly fall behind. Strive for excellence. You can’t keep doing the same things and expect to improve, nor does doing more of what doesn’t work won’t make it work any better.

 

The Law Of Quality:

 

I like the term ‘wealth building’ because it implies that it’s not some instantaneous thing. Quality always gets rewarded long term and although some of the ‘get rich quick’ schemes online work, they rarely work long term. There is a big difference between making a quick buck and building wealth. Whatever you create online, strive for quality first as this will ensure sustainability in what you do.

 

The Law Of Choice:

 

Wealth is a choice. You’ve probably heard this before, but never really understood it completely. Being wealthy starts with a choice and it’s a choice you have to make daily. The internet is responsible for the largest distribution on wealth in history. The power is shifting from the big corporations to the guy (or girl) in his garage with a single laptop. You can choose to be part of this or to keep doing what you’ve always done.

 

The Law Of Persistence:

 

When it comes to online wealth building, for some the learning curve will be greater than for others. Regardless of your skill level you will face many challenges and often consider packing it in. This is where persistence and perseverance comes in. Realize that you will always meet with much difficulty before you succeed - it’s essential for your personal growth and developing to a level of success.

 

The Law Of Value:

 

Whatever you do online, be a team player! I cannot overemphasize that enough. Your wealth and success is directly proportional to the amount of value that you add to other people. If you want to be more successful, just think of how you can add more value to other people’s lives.

 

Financial success is most certainly obtainable for virtually anybody. There is however a big difference between obtainable success and sustainable success. Just think back at the story of The Three Little Pigs - you want to build your ‘house’ from brick and make sure that your success is sustainable long term. After all, who wants to quit their day job only to go back after six months?

 

Should You Use A Private Wealth Management Broker

If you have a business and all of the struggling and hard work you have been doing to make your business successful, then it's probably a good idea to look into a private wealth management broker. You don't have to be a wealthy business, at the moment, but a financial service may be able to help you extend your potential, maybe even better than you have ever imagined. When searching for an investment broker make sure they are interested in your long-term goals and risk tolerance and understand the nature of your assets. You're looking for a private wealth management broker who will have an interest in developing a long-term asset allocation and works with you to implement an appropriate strategy that will help you meet objectives. Make sure they service each individual client's portfolio on an ongoing basis and evaluate possible adjustments in response to economic changes, market trends or client needs on regular bases. Managing anyone's money and life savings brings both tremendous opportunity and responsibility for individuals, families and family office executives. Addressing issues of generational wealth requires the right partners. When choosing a private wealth management broker one should require a proactive partner with world class capabilities. Choose the financial service that will have comprehensive financial solutions that are designed to help you grow, preserve and manage your wealth.

 

Many financial services have a specialized division composed of experts from each of their service areas, and are dedicated to providing comprehensive and flexible financial solutions to meet your unique needs. Many services believe of course, they are leaders in these areas. Just make sure they are committed to identifying and rigorously analyzing financial information, strategic issues and trends, both regionally and globally, which affect companies, industries and markets and fundamental changes which may have a meaningful impact on future investment values for you and your family. Distinguished and objective research is critical to serving investing clients in the equity, fixed income, currency and commodities markets worldwide. When searching for a private wealth management broker, you want to make sure you are comfortable with your broker enough to make a type of bond with this person. After all, he or she will be your trusted advisor, and their goal for you should be in building and managing your wealth be their overall objectives in mind.

 

The private wealth management service you choose should be to provide you with the tools and services necessary to reduce the administrative burdens of managing money that will allow you to focus on what you do best - maximizing trading performance, building your business, and attracting new sources of capital. Do they have programs that can provide you with an opportunity to generate and increase revenues through relatively low risk, well-understood transactions? You and your family face a number of challenges. You're looking for sound investment advice from advisors you feel you can trust. Rather than pre-packaged products, you need access to quality investment solutions founded on your unique situation. And you need help in developing a coordinated financial plan that seeks to address your total wealth picture and changing needs over time.

 

Secrets To Financial Freedom

Financial freedom, secret of success from investment, real estate, stock market wealth, profit, investment, internet marketing, millionaire, income, security, opportunities, home-based business, money, cash, fortune!!

 

It has always been mankind dream and desire to seek Freedom - Freedom of thoughts, Freedom of speech, Freedom of belief, and Freedom of expression! Why then not Financial Freedom!

 

Wikipedia definition - ‘Financial freedom describes a well-planned lifestyle where one no longer is required to work for income to cover their expenses’.

 

Rich Dad, Poor Dad series and other books on personal finance really got me interested and wondered why school and college didn't teach us how to be financially intelligence. Ultimately, whether all these books have been fictionalized or are real story are debatable. The important point here is that it advocates financial independence through investing, real estate, owning businesses, and other means of money generating and protection tactics.

 

Most of us are hunger and aspire to achieve financial freedom. When one’s work in an organization without decision making capability. Management will dictate your financial well-being. You will bear the consequence of management failure, within or beyond their control. It could be external macro factors such as - market environment, competition, government policies, act of god... intentionally or unintentionally. You will bear the fruits of management mistake - retrenchment, downsizing, pay cut, and stagnant pay.

 

What happen next.....? You start to look for another job. Maybe this time round, your lady luck is shining, you manage to secure...wrong words to use, get a job working in a big blue chip company, maybe better, work as a civil servant with an iron rice bowl. In your minds, you must be saying - I have finally made it in life..... !! Do some souls searching - do you really make it? Your income from salary may or may not to be able to support your daily living expense. Or maybe you are one of the million out there still struggling to pay mortgage loan, car loan, credit card, utility and telephone bill... bills that without ending...!

 

Maybe you are very fortunate, able to find a job that the pay check exceeds your current living expense. Maybe you are one of the fortunate few that earn good income working in the top echelon of an organization. But ask yourself this question - Are you happy? Are you out of the everyday rat race? Are you out of the merciless office politics? Are you out of getting stuck in the daily morning traffic jams that never seem to subside?

 

It could be true that you like your job. Excellent....! But are you growing your money? Are you using the power of compounding to accumulate wealth so that when there is a day that you finally decided to quit your job, you have a mountain of wealth supporting you? It is only when you have reached that financial stage that you can proudly say, ‘I do what I love to do because I want to!!’

 

Financial freedom does not simply mean free of debt, debt is another expenses. As long as one passive investment income is able to cover all expenses, one is consider as financial free. This large enough ‘nest egg’ passive investment should also be easily be liquidated if there a need. In simplified term, financial freedom is where one does not need to work for money, but let money works for you!!

 

"How do you achieve it?" It could be achieved by finding, learning and putting time, effort and money into building something (passive investment) that creates income profitably and consistently, long after you have 'completed the building'. There are many ways to build such money-making machine. It could be investment or trading of stock, forex, future, commodity or whatsoever financial instrument that can generate money. Internet marketing, MLM, business ventures and real estate ownership for rental/capital income are other forms of money-making vehicle.

 

The biggest obstacle to financial freedom is not everyone has the necessary skills, experience, know-how and money to build it. The key to wealth is to find something that suits one’s ability and build it. The ‘money generating machine’ may be more than one, it could be multiple machines. How big or how many machines you intend to build will greatly depend on one’s desire, capital and risk tolerance level. Everyone is different. The important point is you must be the one in control of those decisions that affect your life!

 

Your chosen path to financial freedom will also greatly depend on your interest and the amount of money you have. It is true that you need money to generate money, but it is also true that you can create wealth with little money. Many wealthy men and women have proven that if there is a will, there is always a way!!

 

If you seriously want to achieve financial greatness, you must first eliminate all subconscious blocks you have towards money making. You must finally free your mind to create the wealth that you deserve!!

 

Scientific Wealth Building Secrets #7 - Diversification

This is a series of articles about studying general scientific ideas to create a wealth building system that works according to the laws of the Universe. These concepts come from observing our environment. Scientists have discovered that the laws of nature follow certain patterns. Some physical laws seem to be present everywhere, from the tiny atoms to the enormous stars.

 

Everything on the physical realm tends to be influenced by these laws, therefore they can be applied to your businesses too as you will see in just a few minutes. The whole series contain the following articles . . .

 

1. Entropy

 

2. Life

 

3. Multiplication

 

4. Synergism

 

5. Inertia

 

6. Gravity

 

7. Diversification

 

Diversification is everywhere in nature. Life is not about one thing. It is about many things. It is as the saying goes ‘variety is the spice of life.’ On this article I will share information with you about diversification and how you can apply this concept to your business.

 

There is a great deal of diversification in the Universe. Planets are different from each other. The same with stars and galaxies. They differ in shape, size, color, internal structure, etc.

 

There is a diversified uniformity in the Universe. For example, living things contain carbon as one of their components. A cell is the basic smallest structural unit of life. There are many common similitudes like these among living organisms, but their all differ in size, colour, specie, habitat, life span, physical strength and many other aspects.

 

The same happens with businesses. If you focus on developing only one product, you may be very successful at it, but most businesses try to market at least a few products. People love to have options. For example all cars have a similar basic structure: a vehicle useful for transportation with four wheels, an engine, a windshield, etc.

 

What makes an individual choose a car instead of another is the details. Often small details make a big difference. The same happens with the products or services that a business can offer to its clients. When your clients come to you, they may not like a product that you show them just because of its colour. By making small changes and giving people more options you can increase your sales.

 

Another way to apply diversification to business is to set up multiple streams of income. You can do this by increasing the sources of income within your business. Also you can start new businesses and make different investments. As the saying goes: ‘Don’t put all your eggs in one basket.’ Also ‘diversification is the only free lunch.’

 

The idea is to not diversify all at once, but rather, one step at a time. If you try to do everything at the same time you may get stuck. A good idea would be to start a business and diversify your streams of income within that business. It could be for example to offer different products and services to your clients, so they have options to choose.

 

Then, once the business becomes profitable, you can diversify and set up another stream of income and another and another, etc. Investments are a good option too. Many investments allow you to receive passive income, so you don’t have to be constantly working to earn the money.

 

The idea of diversification is very important. If you put all your efforts into one project only, you are taking a risk. Multiple streams of income are specially good to back up unexpected money problems when they appear out of nowhere. That’s why many wealthy people have different businesses instead of only one.

 

As you can see, these are just basic examples of how you can apply scientific laws to your businesses and become more profitable. On this article I shared information with you about diversification. You can learn about other physical laws and their applications to wealth building techniques from my other articles.

 

ROI: How to Calculate Accurately

The phrase "return on investment" (ROI) is thrown around a lot, but do you know what it really means and how to calculate it?

 

Three ways to calculate ROI:

 

• Cash-on-cash If $20,000 is invested and it grows by $10,000, it’s a 50 percent cash-on-cash rate of return, which is great for wealth building.

• Total amount of investment If you put $20,000 down for a $200,000 mortgage, the growth is happening on the $200,000, not what you originally put in. This is arguably less relevant because the amount made on what was originally put in is more important and helpful.

• Lost opportunity cost When you’re looking to raise money with another person’s money, you need to demonstrate the loss he could incur if he doesn’t invest. If you have an investment that pays a 20 percent interest and the lender has money in something that only pays 5 percent, you need to show him how much he is losing if he passes up your opportunity.

 

What the rich do that we don't

 

The rich develop a wealth building niche that allows them huge rates of return on what they do - real estate, investing in the market, your day-to-day business. Once they make the money, without fail, the wealthiest of the wealthy buy bonds, key bills or some other type of fund that pays a return of three percent to five percent. They want to protect their principle. They only roll the dice in an area of expertise where they can expect a safe return.

Monitoring Your Finances Reveals Priceless Lessons

A most important element for building wealth is to measure it. The people I know that have continually increased their net worth track it in order to direct it and stay motivated to reach ever higher financial goals. Seeing the quantifiable results of your spending and investing decisions is the first step to take control of them. Contrarily, the people I know in the worst financial shape have no idea where there money is spent and are too afraid to know what their net worth might be because it won’t be pretty. Which extreme more closely matches your attitude? As Dr. Deming says, ‘You can’t manage what you don’t measure.’ Think of it: if you were seriously wealthy, you’d spend some time every week managing some aspect of money. Well, if you want to improve your financial condition, a beginner version of a money management and tracking method is required. In addition, the more money you build up, the more financial assets and obligations there are to monitor. If you don’t have your financial tracking in place before you acquire them, I’d bet that you won’t own them for long.

 

If you don’t see and feel the gains and losses of your financial decisions - you are playing the complicated money-game of life without any scorecard. This is how so many people with decent paying jobs and insurance still get into financial trouble. You need to have navigation reference points to know if you are steering toward building wealth or destroying wealth. It is by monitoring your net worth that you’ll start to uncover the financial impact and consequences of your decisions.

 

The starting point for financial measuring is a simple statement of net worth (or balance sheet). If you have never heard this term, it is a list of the current market price of everything that you own and what you owe to others. The difference between these two numbers is called your net worth, and this is the number that you want to measure and increase every single month.

 

As with a business, once you start measuring the financial consequences of your behaviour you can begin making your own personal spending rules. For example, if most of your monthly income is spent at restaurants, try making a rule that you only go out twice a week. If you’re spending too much money on gasoline you need to find several ways to reduce it. Simple insights and subsequent rules like these will help increase your net worth, which will lead to bigger insights and develop into bigger gains.

 

If you find that you have a lot of debt that is decreasing your net worth, or possibly a negative net worth, then what rules about debt are you going to create for yourself? After you get some money saved, where are you going to put it? How much time are you willing to spend monitoring it? How much effort are you willing to exert to educate yourself about investing? These questions will aid in building your investing rules. Eventually you’ll have rules for spending, saving, employing debt, and investing that will shape your personal plan for you to start moving your net worth in a sharply positive direction. Think about adding a rule to read a new financial book each year. Your financial statements and financial rules can be as simple or sophisticated as you want to make them. If you keep making even baby steps forward, it may become no big deal to have specific rules for retirement planning, tax implications, entity structuring, evaluating investment real estate, checklists for buying mining companies, or selling a company you’ve built.

 

When you have calculated your first statement of net worth, you start having the ability to plan for purchases and payments. As a simple example, if your auto insurance bill arrives once a year, you can calculate how much money that you need to set aside each month to easily pay it when it arrives. Or if you are getting a new car, you’ll be a lot happier planning for the initial costs before you get squeezed at the end of the month and end up paying a few bills late.

 

After you get comfortable with a net worth statement, you can move on to an income & expense statement. Then move on to making projections for all of your statements. And creating scenarios such as: How much is a reasonable goal for retirement income for you? How much net worth will you need by when? How are you going to increase your income, increase your savings, increase your investment returns? The answers will be built upon the financial habits, tools and education that you’ll develop, but it can all start with your first net worth statement.

 

How A Millionaire Manages One Dollar

If you don’t know how manage a million dollars, I guarantee that the money will quickly disappear if I wrote you a giant check right now. Precisely like 90% of lottery winners that go bust within five years, they didn’t have the basic discipline or the formula to handle the money that would have created a financial foundation that would last for generations. Learn how to manage a single dollar so that you can move up to the financial big-leagues on your own.

 

Give a millionaire a dollar and they will do something predictable: They will display the discipline not to spend it. That dollar will be deposited into a savings account where it earns interest income. A millionaire does not spend earned income! They only spend the income from their investments. A millionaire cycles money from a job, overtime pay, bonus, etc., into investment accounts. When you start out, you probably don’t have any investments so how are you going to pay your bills? Reject the saying: ‘Try to save some money after you pay the bills each month.’ This rarely happens and may be too little to add up to much. That saying is psychologically backwards. The new saying that I you want to begin with is: ‘Don’t invest all of your earned income each month, pay a few bills with it.’ Do you see the millionaire difference?

 

Let’s talk about financial building blocks. Give a millionaire a dollar and they will split it up into the distinct building blocks of a solid financial foundation. Ten-cents of that dollar will be allocated to a permanent investment account that is never spent. This account builds your wealth. As I have said before: ‘Wealth can only be created and maintained by the amount of money that you receive and do not spend.’ Well, this is that account, and you need to increase it by a piece of every dollar that you receive. Another ten-cents will be allocated to a savings account. This is a delayed-spending account for expensive purchases such as vacation, home repairs, or cars.

 

Millionaires save money to buy something before they purchase it, not afterward on credit where you have to pay interest. The next ten-cents is allocated to wealth education. The economy is always changing and you are ultimately responsible for directing all of your money. The only way to do this wisely is to add to your investment knowledge. Get investing ideas by paying for advisors, books, courses, newsletters, magazines, and newspapers. The three-dimes that were just allocated for different purposes is the wealth formula of millionaires; this is how wealth can be built to last for generations. It is only after these three buckets get their share of the dollar that part of it is allocated for taxes on that dollar. Notice that a millionaire pays the taxman after the important building blocks get their share.

 

There is no such thing as ‘income before taxes’. There is a tax liability on all income from whatever source. So a millionaire will have a tax strategy in place to receive that dollar before it is ever deposited at the bank. Millionaires don’t overpay their taxes, they manage tax liabilities because they are your single largest expense (Add up how much you paid for income tax to the IRS, state, city, and property taxes - it is probably a much bigger number than you expect). Some ways to minimize your taxes include setting up a part-time business to create legitimate deductions, buying investments that offer depreciation like real estate and oil, and finding the best CPA to give you advice.

 

The managing-a-dollar formula that the millionaires follow is: minimize the tax liabilities, allocate parts of it to build your financial foundation, decrease the percentage of earned-income that you spend until it is zero, and forge the discipline to consistently follow this routine. Now, at what age do you wish that you had learned this material? At what age do you think you should start exposing your children to these ideas? The correct answer is: as early as possible (and when they start getting an allowance at the very latest).

 

Eliminate The Personal Barriers To Wealth

Wealth is the condition of profuse abundance and affluence, having a bountiful supply of material goods, resources and money. It could also be defined as property of economic monetary value.

 

In Economics, wealth is defined as the stock of physical capital, human resources and net financial worth owned overseas by a country. Physical capital composes ownership of building structures, machines, railroads and other fixed tangible assets. Human capital on the other hand, is the quality work force with emphasis on educational attainment, which contributes to the country’s productivity. While net financial capital is off settled from the monetary value of assets acquired by foreigners in the local economy to the foreign acquisition of the country.

 

Oftentimes, wealth is associated with money such as savings, investments and other forms of financial capital.

 

But the word ‘wealth’ is taken from the Ancient English words ‘weal’ (well-being) and ‘th’ (condition), which when combined means ‘condition of well-being.’ ‘Economic,’ on the other hand, originates from the Greek word ‘oikonomia’ meaning ‘household management.’

 

In a different perspective, some individuals view wealth as a genuine disclosure of one’s true values, and accounts for what is held important to one’s life like a reflection of image and real self.

 

Today, society is posed with the challenge of sustaining quality life, which contributes to the equilibrium between economy and quality. Such perspective allows an individual to assess ones real assets - strength and opportunities to enhance ones real potential.

 

A person who attempts to align values and principles with the condition of well-being believes that he/she is seeking genuine wealth - all things that make life worth living (personal, professional, spiritual, environmental and financial well-being).

 

People mostly define authentic wealth in terms of harmonious relations with the members of the family, supervisors, co-workers, peers, neighbours and acquaintances. Some see it in the simplicity and complexity of natural creations. Or it could be measured in terms of joy, social cohesion and unquantifiable, abstract thoughts and ideas.

 

Another relevant word which can be related to wealth is value, which is derived from the Latin word ‘volorum,’ meaning ‘to be worthy’. Oftentimes, value connotes monetary expressions such as costs, prices and returns on investments. But true value (valorum) is found on the simple things that makes life worth living. It is the value of relationships, the value of what one possesses and not long for things which are not in their possession.

 

Do You Have Any Goals For Building Wealth

The money is out there. No matter how many people tell you that we are in the midst of a starvation economy, that the market is doing this or that, and that it's too risky to ‘play the game,’ so to speak, people are getting rich every day. That is the reality.

 

The trick, of course, is to become one of those people.

 

‘Yeah,’ you might say. ‘That guy was just lucky. What are the chances of that happening to me?’ Well, absolutely zero if you don't do anything about your dreams to build wealth. If you walk around thinking that you have only a snowball's chance of hitting ‘the big one’ in the financial game, then you are right. That's because you are depending on chance.

 

Becoming wealthy is not about chance. Oh the guy you just read about may indeed have been lucky - but he was not ‘just lucky.’ Because fortune favors the prepared mind, you have to lay the groundwork in order to take advantage of opportunity when it arises. You have to be able to not only recognize those opportunities, but to actually have the resources to take advantage of them.

 

Laying the groundwork involves having a plan for your financial future. What is your plan for building wealth?

 

If, like most Americans, you don't have one then, like most Americans, you will retain the status quo. But if you recognize that you, and only you, are in charge of your destiny, that is an entirely different matter.

 

According to Robert Kiyosaki, author of the Rich Dad series of books, you have to get a grip on your financial philosophy. You don't have a financial philosophy, you say? Sure you do, even if you don't realize it.

 

In his book ‘Cash Flow Quadrant,’ Kiyosaki outlines the four philosophies as they were outlined for him by the man he calls his ‘rich dad.’ You can recognize your own philosophy by noticing how you tend to make your money. On the left side of the quadrant, are the E's and the S's - the Employees and the Self-employed. The philosophy of the E is based around security while the philosophy of the S is based around doing his own thing. While there is nothing wrong about either philosophy, neither is likely to help you build much wealth.

 

On the right side of Kiyosaki's quadrant, are the B's and the I's - the Business owners and the Investors. The difference between a B and an S, Kiyosaki says, is that the B has built a system which he can rig to run itself, freeing him for other financial or personal pursuits. An S simply ‘owns a job,’ as Kiyosaki says, and is such an integral part of the operation that he is essentially a prisoner of it. The company he has created is his ‘baby.’ But we all know how demanding babies are, and if a business never matures into an adult that can survive without your mothering, it will eat most of your time.

 

The trick, then, is not to build a better product. It's to build a product better - more efficiently with regard to your own resources. Build a system, not a job. Then you will have the money that will take care of your personal needs and allow you to invest.

 

If you already have loads of money to work with, then you can go ahead and jump right to the I quadrant - after investing in your own education and learning how it works. Investing is risky if you jump in blind, but if you know what you're doing, it is a whole different matter.

 

So lay the foundation with education and then build your wealth as though you were constructing a structure. Don't skimp on materials, but instead do it methodically. Eventually you will find yourself staring at an impressive building that will help you weather any storm.

 

Common Wealth Building Myths

There are some common myths that hold work at home businesses and investors from achieving success. These myths can has a powerful psychological impact on small business owners, stopping them from building wealth, and preventing them from reaching their full potential.

 

Money Breeds Money

 

This may have been true pre discovery period, but it is not true in the Internet age. The myth that you need to be born into money, or attend an Ivy League school, or you’ll never know how to make real money is a difficult roadblock to overcome.

 

Millionaires are made every day. Most start with nothing, and use a program that failed for thousands of other business owners. Bill Gates, Ophra, and Martha Stewart all started from humble origins.

 

Money is Made on the Backs of the Poor

 

If you are afraid of going for the brass ring because you fear ruining someone else’s life, then relax. Your playbook can be moral, ethical, and built on old fashion values, and it will lead you to untold wealth. The easiest way to become rich is to create value in other people's lives.

 

This myth is high-grade, premium quality nonsense. There is enough money for everyone. Many ‘work at home’ programs prove this. The company may sell 10 000 programs. Just because only 100 people succeeded doesn’t mean that the program was a rip off. Those who do not succeed don't believe they can.

 

Remember that success starts in the mind. You need to believe that you can succeed before you will succeed.

 

You Must Sacrifice Family to Build Wealth

 

The baby boomers believed this and introduced one of the highest divorce rates in recorded history. However, their children have learned the value of balance, and the truth behind wealth. The rich and famous do not work as hard as the factory workers who run the companies that built their wealth.

 

This generation has coined a new phrase, ‘work hard, or work smart.’

 

There's a difference between working hard and working smart. Successful people learn to work smart. They learn emulate successful people and use them as models so they can avoid mistakes other people make.

 

You can save a lot of time, money, effort as well as some major headaches by finding a mentor, or hiring a life/success coach.

 

Getting your business started and running require work but you can chose to have a successful business and a family.

 

Rich People Cannot Live Normal Lives

 

Most of today’s millionaires live in suburban towns and lead normal lives. The dream of living the rich and famous life has lost its lustre. More people are learning that the fantasy of wealth was more attractive than the reality.

 

However, you can live the good life without giving up a normal life. There is no reason why you cannot take a vacation with your family at a local camp ground on the weekend, and then attend a conference in a $2 000 outfit and $800 shoes through the week.

 

Don’t let the fear of being rich stop you from reaching your dreams.

 

Life is sweet. It will be what you decide to make it as long as you remember that no one can define who you are - unless you give them the power to.