Understanding The Luck factor In Wealth Acquisition

Understanding The Luck factor In Wealth Acquisition

Financial freedom should be the dream and lifetime goal of every right thinking adult. It is one goal we should all place priority on, and engage all that is within our power to achieve. The good news is that change of financial situation is possible for everyone who cares to pursue it. Our financial world can indeed be transformed for good; but it is good to note that change must begin within us before it can become a reality on the outside. Changing your inner world to accommodate the financial reality you desire in your outer world of reality is the most challenging part of achieving financial freedom. There is a change that must happen in your mind before you can ever experience financial abundance in reality. Changing your mind to align with your desired financial goal is a major task that must be accomplished in your quest for financial abundance. The change of financial story and status you most desire must begin with a change of mind-set. If you can change your mind, you can indeed change your financial trajectory. Your financial transformation is at the mercy of your ability to change or renew your mind. “…be transformed by the renewing of your mind…” Rom 12:2 You must have wealth first on the inside of you before you can experience it on the outside. Wealth must always be on the inside first before on the outside. You can can’t have poverty mindset and expect to do well financially in the world of reality. This is one major reason many people struggle with their desire to achieve financial freedom:...
The Untold Secret Of Wealth Creation

The Untold Secret Of Wealth Creation

Wealth is essentially a product of lifestyle. Your financial freedom is majorly at the mercy of your lifestyle. Lifestyle choices will determine whether you walk in financial freedom or not. Listen, there is a lifestyle that facilitates the accumulation of wealth, there is also a lifestyle that hinders and frustrates desires to accumulate wealth. You must embrace a lifestyle that will help to achieve your desire to live in financial freedom. Your primary task in the pursuit of wealth accumulation is to develop a lifestyle that enhances and accommodates the acquisition of wealth. Your style of living which is a reflection of your values and attitudes is the primary determinant of your financial well-being. Event Of Wealth Is Preceded By Process. Everyone who ever accumulated wealth, did so through a carefully orchestrated process that became their lifestyle. You too must develop a process that would facilitate your acquisition of wealth. This wealth-building process which is made up of strategies and principles of wealth creation must be embraced as your lifestyle. Wealth is never an event, but rather a product of a process. Every event of wealth is preceded by process. Every event of financial success and breakthrough has a process, a backstory of labor, toil, sweat and sacrifice. The unschooled in the principles of wealth creation sees the event of wealth and thinks the person involved is lucky, but one who is taught thinks otherwise. The world celebrated Elon Reeve Musk when in October 2002 earned his first billion through the sale of Paypal to eBay. But before that epic event was the process. As a child, he taught...
HOW TO SELL YOUR KNOWLEDGE AND SMILE TO THE BANK

HOW TO SELL YOUR KNOWLEDGE AND SMILE TO THE BANK

Did you know you can turn your knowledge into a money making machine? Yes, you heard me right. You can indeed set up a machine that makes money using your knowledge as basic raw material. In this age of information, the knowledge that exists between your ears is your most valuable asset. And with it, you can start your journey to financial freedom. Indeed, a man is wealthy not because of what he has, but essentially, because of what he knows. What he has can be lost through disaster, obsolescence or theft. What he knows, he can never lose unless he loses life itself. Your Knowledge Makes You Valuable  Knowledge has become the principal source of value. Your knowledge makes you a valuable person in the marketplace; especially, when you possess valuable knowledge and information that can solve problems for people. Nothing enhances or establishes your value in the market place like possessing valuable knowledge which can be utilized to bring about a benefit that people will be willing to pay for. One major upside of valuable knowledge is that it helps to increase people’s ability to get their desired result. When you possess such knowledge, you can add value, meaning and significance to the lives of countless number of people the world over by sharing your knowledge with them. One outstanding feature of the marketplace is that it pays good reward for value. When you take advantage of the knowledge and information at your disposal to add value to people’s lives…..you are sure to smile to the bank. Listen friend, your knowledge can indeed add value to the...
HOW YOU CAN BECOME FINANCIALLY FREE

HOW YOU CAN BECOME FINANCIALLY FREE

In the final analysis, the ultimate value and essence of wealth is freedom. Wealth is all about Financial freedom; freedom from financial worries. What Is Financial Freedom? Financial freedom is the point where your passive income exceeds your expenses. Passive income is cash flow from your assets which requires little or no effort from you to maintain. It is the point where money flows into your pocket whether you work or not. And if you work, you work because you want to not because you have to. The other side of the coin is Active Income, where you actively exchange our work for money. “If you don’t find a way to make money while you sleep, you will work until you die.”-Warren Buffett Your goal is to get to a point in your financial journey where the assets you have accumulated over time generate enough passive income for you to maintain your lifestyle. We all have living expenses; bills that must be paid. Your task is to find a way to cover your expenses without the need for active income. This is financial freedom indeed. Asset Classes Basically there are four main asset classes you can choose from to help you attain financial freedom: Business Real Estate Commodities Stock (and related paper assets) Two principal ways to benefit from an asset: Capital Gain.When the value of your assets goes up, there exists an opportunity for you to make money. For example, If you bought an asset, let say a house for $20,000 and then over time the value of the house went up to $30,000, you have an opportunity...
VISION: YOUR FIRST STEP TO FINANCIAL FREEDOM

VISION: YOUR FIRST STEP TO FINANCIAL FREEDOM

All things are created twice. Everything created is first created in the mind, before it is created in the physical world. Nothing happens in the world of reality unless it is first a dream. Mental creation must always precede the physical or second creation. Vision is the first creation. It is the mental creation of your desired or preferred future….a mental picture of what you want to see in your future or in the physical. Vision is like the blueprint of a house. Just as an architectural drawing or design is a critical step in the process of building a house, so also is a vision crucial to building wealth. It therefore means a great place to start your wealth building journey is to develop a vision for wealth. A vision for wealth acquisition is crucial in your quest to be wealthy. This will not only help you to be sensitive to present opportunities but much more to future ones. For many people, this is one key component of wealth building that is not appreciated or considered in their quest for wealth building. No one hits a target they cannot see. A vision gives you a goal or a target to hit. It gives you a sense of purpose and direction which is able to tailor your life. A goal setter is indeed a goal getter. “Where there is no vision, the people are unrestrained. But blessed is he, the one keeping the law.” Proverbs 29:18 Our lives would indeed be greatly different if we would invest all that is needed to really know what we want and to...