Wednesday, May 11, 2011

Are You Frustrated At Your Inability To Create Wealth In Your Life?

What’s the best way to create wealth? My answer may very well surprise you…

If you’re looking to create unlimited wealth, there are numerous ways to do so. Here are some avenues you can take to create wealth: save for 40 years, real estate, stocks, options, build then sell a business, build and hold a business, get out of debt, build a website, network marketing, become CEO of a huge corporation, rob a bank, etc.

This is, of course, a list that could go on for some time and I wouldn’t recommend that you try them all (especially that last one!). My point here is that there are lots of ways to create unlimited wealth and there are tons of websites, books, and trainings on how to do each one of them.

I’d like to comment on a different aspect of what it takes to create unlimited wealth: The most important part of this is how you think about it.

There are people who have been able to create wealth using each one of the methods I’ve listed above. There are also many people who have failed at all the above methods.

What’s the difference? I believe that before you can become good at making more money with anything, you must be able to picture in your mind the end result. You must write down your plan, visualize your plan, and work your plan daily. You must see your success before you can realize your success.

Also, you must be able to tell which method fits your belief system and moral standard. If you have a problem with the consequences many large corporations like Enron have had, being a big-shot CEO may not appeal to you.

If you don’t believe in stealing, having a plan to create unlimited wealth by robbing banks may not be your best avenue.

It’s when people move forward without thinking things through that they get into trouble…take real estate for example. If you don’t think you can handle a tenant trashing your building, you’re going to struggle in holding real estate.

Maybe you should just focus on buying properties and flipping them quickly. Or, maybe you should invest in tax liens instead. If you can’t handle the possibility of a short-term loss with options, maybe you should buy and hold stocks long-term instead.

There are numerous ways that your can create wealth with. The challenge is that each way takes different talents and a different mental make-up.

I myself have made the mistake of jumping into some of these ways quickly without thinking about what I’d be doing on a daily basis. It’s important you do some research in order to know how you should go about your goal to create wealth for yourself.

So, what’s the best way to create wealth? I really don’t know. In order for you to discover the best way for you to have success, it’s up to you to think through everything in the proper manner.

Many things can create wealth. The hard part is finding the way that’ll work for you.

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