Tuesday, June 19, 2007

Secrets of the Wealthy

Do you want to build real wealth in your lifetime? Wealth building skills can be learned just like any other skill. So what are the wealth building secrets of the wealthy?

Most often you hear that people say that the secret of the wealthy is the ability to pay yourself firs, but that is too basic. We want real wealth.

Paying yourself first is often the most quoted way to build wealth, but what else is there? Well I think one thing the wealthy do is that they play the money game to win. Middle class people play the money game not to loose. Lower class people aren’t even aware that there is a money game.

The true secret to getting wealthy is expanding your income. You won’t become wealthy by thinking of ways to budget your income better.

Instead of spending weeks trying to get a great deal on a new car that time would be better spent thinking and putting into action plans that will increase your income.

[Resolve to start building multiple streams of income for yourself!]

Start right now to identify your interests or skills that could be used to earn extra income in addition to your regular work. It could be as simple as typing, or more complex like doing extra consulting work on the side.

Remember just an extra $135 dollars a day translates into $50,000 a year. If you reinvest that income into wealth building assets you can achieve real wealth in your lifetime.

Luke

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