There are many of us who are working on our wealth
creation strategy. Wether it be working another job,
starting a small home based business or seriously
building knowledge on the share and property markets,
those that are serious are looking.
Many wealthy people we read about seem to have a
certain skill for creating large amounts of money.
Many in this group of wealth builders follow a few
simple rules in their wealth development strategy, and
I have listed some here.
Learn to work with people
The biggest fortunes are made when people work with a
group talented people. Knowing which group to work
with and how to work with people is one of the most
important tools in your wealth building strategy.
Often the difference in creating wealth is a few more
hours, days or weeks of work. Those in the wealth
creation group never give up easily. They pursue
their wealth creation strategy until they achieve it!
Dont give up!
Make decisions quickly
He who hesitates is lost! Sort through the facts
and make a list of pros and cons and evaluate that
list. Speed every decision you make and then you will
be training yourself to take advantage of wealth
creation situations before somebody else can.
Seek new ideas
Utilise every task you perform to seeking new wealth development strategies. Study financial pages for hints that may lead you to create wealth. Jot down these ideas and review them regularly. Opportunities to create wealth will suddenly appear from everywhere.
The more risks you take as part of your wealth
creation strategy, the greater the chances of you
building your wealth. Look at speculative ventures
and invest a portion of your funds. Risk taking is an
integral part of a wealth building strategy and will
put you far in front from those playing it safe.
The largest fortunes are built on borrowed money.
Understand how to use credit and other peoples
capital to expand your profits and leverage your
investments in your wealth development strategy.
Time is money
Be conscious of your time in your wealth building
strategy. Evaluate your time in terms of the
financial return to you and dont procrastinate or
spend large amounts of time on non wealth creating
Learn to be creative
Developing your creative powers is an excellent
strategy to create wealth. Start doing activities
which may be outside of what you usually do, learn
some creative skill, like learning how to paint or
sketch. This will give you ideas to think outside the
square in which you can develop to create wealth.