wealth secrets unveiled

The Rules for accumulating wealth are
simple and to the point. In fact, it is so simple that most
people who read them either dismiss them as sweeping
generalities or falsely believe they have known and used them
most of their lives... but these people are probably not rich.
So while these guidelines may lack romance or an obvious
direction, be assured that they are the genuine article. Apply
them as soon and as often as you can, and apply them with
intelligence and creativity.


Rule No. 1: To acquire wealth today, you must be in your own
business.

You may think that the corporate executive with a fat
salary is better off than small shop owner, but the executive
will be hard-pressed to double his income and taxes will eat up
most of any increase. The simplest peanut vendor has unlimited
opportunity to expand his business and his income, and even
salesmen, who in most cases are able to write their own
paychecks, can control his sale increases himself.


Rule No. 2: You must have a working knowledge of the business
when you start and continue to increase your knowledge of it as
you go along.

If you don't know what you're doing when you start, your
mistakes will be costly and often unnecessary, and you won't be
able to keep up with the changing trends in any field.
Start smart and stay that way.


Rule No. 3: You must save money in your personal life and in
Your business ventures as well.

Discipline is the key to saving money. You must develop the
will power to deny yourself immediate gratification or the
temptation to eat the goose that lays the golden egg.
Resources will be needed for expansion and should be guarded carefully.


Rule No. 4:You must take risks, both with your own money or
with borrowed money.

Risk-taking is essential to business
growth. Somerset Maughan said : “ you can do anything in this world
if you are prepared to take the consequence”.
Some of the richest men have staked their entire fortunes
and lost, several times over, before the risk-taking paid off.
Back those risks with good judgment, experience, commitment, and
the right support. Seek advice on risks from the wealthy who
still take risks.


Rule No. 5:You must not only learn to live with tension, you
must seek it out.

Thrive on stress! If it means getting physically fit, having a
psychiatric overall or losing 20Kg before you can handle
it, do it. Once you can learn to thrive on stress, you will not
only enjoy it, you will seek it out willingly and
enthusiastically and wonder how you could live any other way.
Men of means look at making money as a game which they love to
play. Consider it serious business and you will suffer far more
stress than you need or want. Keep your perspective or your
stress level will rocket beyond your control.


Rule No. 6: Build wealth as a by-product of your business
success.

If wealth is your only goal in business, you will probably
fail. Wealth is only a benefit of the game. If you win, the
money will be there. If you lose, and you will from time to time
if you play long and hard enough, it must have been fun or it
was not worth it.


Rule No. 7. Patience.

This is the greatest business asset. Wait for the right time to
make your moves. Let your business grow naturally, not by
pressing your luck.
Unfortunately, lots of individuals lack this vital quality.
Some individual tend to behave like the fellow, who after
Planting a seed, came back one week later to discover that
The seed had not germinated.
In his impatience, he dug the spot where he planted the seed,
Trying to find out if the seed was still alive, and ended up
Uprooting the precious seed.
That was the end of the seed, as it died prematurely.


Rules No. 8: Diversify at the top.

Once you've made it, you'll understand that any business is
limited in the challenges it offers. You'll want and need other
games to play, so you'll look for other ventures to hold your
interest.
Big time business owners, have been noted to be involved in
diverse business concerns.
It is a case of not placing all your eggs in one basket.

how to create wealth

Research carried out more than two years ago in the United States of America, showed that more than one hundred billionaires were been made yearly.
80% of these billionaires were business owners!
The above statistics simply points to one fact: you can never be truly wealthy working for someone else.
The best way to secure your future, is to own a business of your own.
Wealth creation starts from the inside of an individual.
It is a function of the mind.
Whatever you think on your inside will manifest outside.
To be a wealth creator, you must have achievable goals and dream big.
Creating a product or service will enhance your wealth creation profile.
You may want to ask, where do I start?
You must start from with what you have!
Never you despise your gift or talent. “A man’s gift will always make a way for him”
Five ways of getting Wealthy
· Through Inheritance
It is common for individuals to inherit their parent’s wealth, after their demise.
The danger of acquiring this type of wealth however, is that such wealth can be spent carelessly, since the individual didn’t labor for it.
· Working for others
One may be lucky to get a job with the federal, state or local government.
It may even be a private establishment.
The above facts do not however count toward your goal in creating wealth, because you only end up enriching those you are working for.
· Stealing or Cheating People
Lot’s of lazy folks follow this ignoble path, and end up becoming wealthy.
The problem though, is that they never get to enjoy such ill gotten wealth.
Any wealth acquired through dubious means only bring sorrow and pain to the individuals who acquired them.
· Invest in Various Business Opportunities
Investment makes money works for you.
Your money multiplies when you invest it.
You must however put into consideration, what the various returns on investment can give you when making your investment decisions.
Before embarking on any business investment, you must consult a professional and update yourself in the area you wish to invest in.
If you don’t have a long-term investment strategy in place, you may fall into the money trap.
What are the various investment opportunities available to the average entrepreneurs?
They are lots of opportunities in the investment world for one to choose from:
¨ Global stock
¨Government bonds
¨Mutual funds
¨Common stocks
¨Treasury bills
¨Oil and Gas
¨Housing and real estate
¨Gold/Silver
Investing in business opportunities is one of the safest ways of creating wealth.
Remember to always monitor your investment.

· Starting Your own profitable business
This is one of the surest ways of creating wealth.
You must however find a business to start, by identifying people’s need.
Do a little research by finding out those who are already selling similar products or offering the kind of service.
Find out why people are buying their product.
Find out how much they are selling.
After finding out the above facts, you then go ahead to source fund for your business.
This can be achieved by
>> Getting loans from friends and relatives
>>Getting loans from banks
>>Personal savings

The issue of the type of business (sole proprietorship, partnersip, limited liability), must have been settled before now.
On a final note, you must seek advice before you register your business.

ROAD SIGN ON YOUR WAY TO CREATE WEALTH
¨ Learn to handle frustration
¨ Be passionate about wealth creation
Passion + Profitability=Wealth
¨ Handle rejection
¨ Be focused and creative
¨ Give more than what you expect to receive
¨ Continually update yourself with current trend

In closing, I would love to share this thought provoking story.
Two friends Visited India on vacation.
While there, they saw lots of people walking on bare feet.
One said to the other, “See the level of poverty!” But the other saw a shoe factory.
He returned home and began designing shoes, and not only established a shoe factory, which made him a multi-millionaire.