What is Wealth Creation?
Exactly what is wealth creation? Shouldn’t the question be about how to get rich instead? Well, let’s start by defining the word “rich” and the word “wealthy.”
I personally see a huge difference between the two. If I say I am rich, that would mean that I have enough money to spend on whatever I like and still have plenty to spare. But when I say I am wealthy, I have all that and I can also leave behind a legacy of financial stability that even my grandchildren can benefit from. So you see, there is a difference between being rich and being wealthy.
How to Achieve Wealth Creation
Now comes the question about wealth creation and how to achieve it. You can start by creating your own wealth system.
It is a common fact that each and every individual aims to be a productive member of society. You work hard so that you can pay for basic necessities and still have some money left over for a few luxuries.
Some are content to live their lives like this and do not bother pursuing any ideas to do with wealth creation. However, many of us have hidden big dreams of achieving more than financial stability. We want to be wealthy! We want a fat bank account and never have to worry about bills, or having enough money again.
Imagine being able to travel all around the world and still be able to leave a significant inheritance for your descendants. Wouldn’t that just be great? Imagine being able to have the ability to financially back any kind of endeavor you or your children may want. Now, that’s real wealth.
Wealth Creation is Attainable
Wealth creation may seem like an unattainable dream, but that is very far from the truth. Each person possesses great potential and all it takes is tapping into that and educating oneself in all matters financial. Not everyone will attain wealth, but those who really want it, can create wealth. It all depends how badly you want it.
If you want to achieve wealth creation, you can start by disciplining yourself. You will need to curb your spending habits as self-gratification may be well-ingrained. You can achieve wealth and it all starts with you. The more in control of your spending that you are, the greater chance you have of becoming wealthy.
Once you have learned to have more control over spending habits, you can start investing in learning about financial matters and business through books, magazines and even seminars. Make this a goal to understand about finances, otherwise how can you really learn how to be wealthy?
When you learn the financial basics, then you can begin to look at ways of investing some of your money, or turning a unique hobby into a big money making business. If you are good at something, there is wealth to be had, and that is a fact. You just need to take that talent or speccial skill and make it work for you. You can start with the smallest idea and skill and churn it into a money making machine, if you structure it into a proper business.
Think about Mrs Field’s Cookies. She is a multi millionaire and it all started with a chocolate chip cookies recipe. She took something and made it better, and she learned to market her business well.
That is another area where you should spend some time learning. Marketing is key to any business and the wealthy of the world learned the art and power of marketing themselves, or their products or business.
Wealth creation is achievable and if you have the will and the knowledge and a good idea, you can take it straight to the bank. The wealth bank.
It pays to learn and apply all that newfound knowledge. You can and will achieve wealth creation much sooner than you think so why not start today?
© 2011 – 2012, Linda. All rights reserved.