Wealth Building Information

Money Mastery

Money can be your servant or it can be your master. The choice is yours to make. If you want to be the master in this relationship, you must learn to assert your control.

This process is simple. It may not, however, be easy. You are habituated to certain beliefs and behaviors towards money. The mass mindset of your culture, including the pervasive advice of advertisers, banks and advisors, is extremely persuasive in convincing you that you are a servant to money and its mysterious and magical attributes.

Nevertheless, if you have the discipline to enact these simple control mechanisms, you will become the master in your relationship with money and, in so doing, will begin to create the financial success you desire.

1. Spend less than you earn.

This is so obvious that it should not even need to be said. However, we live in a society that is predicated to debt financing. If you can't pay cash for it, do without.

2. Pay yourself first.

Take 10% of your income and save it. Don't spend it. Don't lend it. Live off the other 90%. That 10% will build your wealth. It is your foundation.

3. Get out of debt.

The interest you pay on borrowed money, if saved or invested instead, would be enough to retire on. Debt does more than make you a servant to money, it turns you into a slave.

4. Have multiple sources of income.

Reliance upon a single source of income is a recipe for disaster. If your primary source of income supports your lifestyle, your secondary sources will build your wealth.

5. Create passive income.

So long as you work for your money, you are the servant. When your money works for you, it is your servant. Simple, isn't it?

6. Invest in yourself.

Wealth is a product of mind. Expand your mind. Educate yourself about wealth creation. Learn, and then apply, the millionaire mindset secrets of the masters. I give away a free ebook on my website that will help you get the mindset that allowed me to become a self-made millionaire.

Understand that money is not wealth. It is simply an agreed upon medium of exchange that enables you to trade one form of wealth (what you are and what you can contribute) for another form of wealth (food, shelter, security, freedom, pleasures,etc.

The more value that you can offer, the more valuables you can accumulate. Become more valuable. Invest in you. You will get to have wealth after you become wealthy.

© Leslie Fieger. All rights reserved worldwide.

Leslie is the author of The DELFIN Knowledge System Trilogy: The Initiation, The Journey and The Quest plus many more success publications. He also the co-author of The End of the World with Hugh Jeffries and Alexandra's DragonFire with his daughter Ashley. Subscribe to his free and ad-free eZine at http://www.ProsperityParadigm.com or http://www.LeslieFieger.com.

Reprinting and republishing of this article is granted only with the above credit included. Permission to reprint or republish does not waive any copyright.

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at https://news.google.com/news


Eight Expert-Recommended Apps And Tools For Wealth-Building
These apps and tools are designed to make financial management and wealth building easier for individuals, but with so many on the market, it can be confusing and difficult to choose one to use. The experts at Forbes Finance Council are very familiar ...

Next City

In DC Region, Resistance Grows to HQ2
Next City
But its members are looking at community wealth-building strategies with real-world examples, for example, Richmond, Virginia's Office of Community Wealth Building, which connects residents with smaller enterprises such as Stone Brewing. (Next City has ...

The Hill

A new compact for the Fourth of July
The Hill
Community wealth building seeks to address root causes of our most fundamental inequities, while engaging us all in a process of change that appeals not just to an activist minority but to the aspirations of the majority. Community wealth building sees ...

Nonprofit Quarterly

What Does Inclusive Economic Development Look Like?
Nonprofit Quarterly
In terms of tactics and strategy, the community economic development toolkit that they advocate employing contains four elements: 1) partnerships, 2) community wealth building strategies, 3) blending of multiple strategies (which they call “hybridizing ...

Global Banking And Finance Review (press release)

How to build wealth from nothing?
Global Banking And Finance Review (press release)
Set a wealth building strategy to accomplish your long-term financial goals. The harder you work on your wealth building strategy the closer you will get to become wealthy. However, your hard work is not only enough to make more money, but you should ...


New AKA President Glover Donates $50K For HBCUs
We will emphasize financial planning, asset accumulation, and wealth building including savings and investment, managing debt, and improving credit. We also will focus on supporting and encouraging African-American businesses through entrepreneurship ...

BancorpSouth Recognized Nationally For Fourth Consecutive Year For Promoting Savings
Markets Insider
... Excellence, which is presented annually to financial institutions that make extraordinary efforts to encourage saving during America Saves Week/Military Saves Week and succeeded in encouraging individuals to open and add to wealth-building accounts.

and more »


Hundreds Enjoy Health and Financial Resources at WACDC FAITH Expo
Sponsored by the West Angeles Community Development Corporation (WACDC), the event connected South L.A. residents with 50 agencies offering financial services, health and fitness information, wealth building strategies, and asset protection products.


Building an inclusive economy in Kirklees
Kirklees MBC and the Centre for Local Economic Strategies (CLES) have begun work to develop a more inclusive local economy through a new approach to economic development, 'local wealth building'. In so doing, the council joins a progressive ...

Motley Fool

3 Top Dividend Stocks With Yields Over 3% -- The Motley Fool
Motley Fool
Why shares of Vodafone Group, AT&T, and Anheuser-Busch InBev are great dividend stocks to add to a portfolio right now.

and more »

Google News

home | site map
© 2007