relic_head2 asked:


With the addition of a new baby and the wife not working. What is the best and quickest way to accumulate wealth? Assume that this is an average household with an annual income of 50K

DANIAL

Mark Goodworthy asked:


Most of us dream of acquiring wealth. For many people, wealth is something that would earn you the respect of the people around you. When you hear the word wealth, you naturally think of material things. You wish to enjoy the many comforts of life that can be only achieved if you are wealthy. There are several ways you can acquire wealth.

What is wealth?

Many concepts and solutions of what wealth can mean to you:

Work Hard

You do not get rich by lounging around your home. People who work hard are often rewarded with wealth. These people do not need to have bachelor degrees that enable them to acquire wealth. All it takes is perseverance as well as a firm commitment to achieve your goal of acquiring wealth. In the end, working hard often pays off.

Invest Wisely

Many people acquire wealth easily by making sure that they invest whatever money they have wisely. There are stocks, treasury bills as well as time deposits, which could double your money after some period of time. However, it is important to know that these investments come with certain risks and you should be able to consider these risks in your decisions.

Manage Your Money Better

Acquiring wealth is just half the battle. Managing it would even be more challenging. You may have heard about people who have lost all the wealth they acquired because they were not able to manage their money wisely. You can accomplish this by being very careful about your spending and making sure that all risks involving your wealth are calculated.

Educate Yourself

One of the secrets of acquiring wealth is continuous education. Knowing the latest information will provide you with the necessary tools to get ahead of your competitors. There are also courses offered as well as self-help books that can provide you with helpful tips and advice.

Think Wealthy

Surprisingly, people who have acquired much wealth have started out by thinking of wealth. You can try hypnotherapy as a way to alter your behavior and help you reach your goals. Hypnotherapy can also transform you into a more dedicated person.

Acquiring wealth will be a bit easier if you follow these great tips. Just make sure that you use your wealth to improve your quality of life as well as the other people around you. Your wealth should be the beginning of great things and not become the root of bad events.



CLETUS

Sean Rasmussen asked:


One of the top reasons people never get started in investment for financial wealth creation is that they don’t think they have any cash to get started with. For the truly determined, though, finding wealth creation start-up money is easier than anyone might think.

Can You Free Cash For Wealth Creation?

Utilities, car payments, gas, food, rent, mortgage, insurance, medical bills, education bills, credit card debt, loan payments, these are just a few of the places your monthly income might be going. Surely, there are plenty more. It’s not too hard to see, then, that finding any “extra” money lying around is a challenge, a near impossibility! At least that’s probably how it seems to you at the end of the month. Just as surely, you recognize the importance of savings and investment; no doubt you know that you’ll never enjoy financial freedom if you keep going the way you are going. You might not even be able to retire before you die!

The fact remains however that most people have far more access to investment money than they think; that’s money they could be using to make more money and create wealth. And what investment experts and accomplished wealth creators find is that if you can show those people where they can access money, they are eager to get started on the path to wealth creation.

Self-made millionaire and wealth creation author Jamie McIntyre is all too familiar with this conundrum; one of his primary goals in helping people succeed at wealth creation is to first identify the access they have to money that they could be using to better themselves and others. In his book, What I Didn’t Learn In School But Wish I Had, Jamie identifies possible sources of investment income that regular people, in almost any country of the world, could be accessing to give them the means they need for wealth creation.

Seven Sources Of Wealth Creation Investment Money

Savings - pay yourself before you pay anyone else; it is the golden rule to wealth creation, and it is what every wealthy person does. Anyone can save money, and it is essential that you find a way to save some of your weekly income. If you are doing better than most and already have a stash saved up, use that money to make you more money.

Selling possessions - most of us have way more than what we really need to stay clothed, housed, and fed. This is a big reason many of us do not have anything saved up! If you are willing to sacrifice some of your extra belongings, or compromise a little on your short-term lifestyle, you could sell off some of the excess to get the money you need to invest in wealth creation.

Taxes - yes taxes are as sure as death, but overpaying taxes just eats up your free cash. If you are overpaying, or not taking advantage of all the tax breaks and credits due to you, you are throwing out money you could be using to create wealth.

Make more money - increasing your income is an easy way to bring in more wealth creation investment money. You can achieve this in one of several ways, such as taking on a second job, increasing your value in your current job, taking on more hours, setting up a second source of income

Other People’s Money “OPM”, it’s a money source a lot of people don’t want to look at because it means asking of others to further yourself. But you should consider that you could make money for your investors, too by sharing the wealth. And Other People’s Money doesn’t have to mean borrowing from Mom, Dad, or Grandma (but it might); OPM can be loan money, too.

Home equity - if you have a good deal of equity in your home, you have a virtually instant source of wealth creation investment money. With an aging mortgage and property appreciation, you might have a lot more equity in your property than you think.

Other People’s Equity - chances are your parents or grandparents will have property equity even if you don’t. Your parent’s equity is a great source of money for your investments.

These financial sources of investment money hold true for almost every citizen of the world. From Australia to America, there is plenty of access to investment money for the committed and creative! To find your investment money, you just have to take a hard look at what money you can really access, and the places you might already have it that you’ve neglected to consider.



CLEMENT

Am asked:


I got one that quoted 5% of the world’s population owns 90% of the world’s wealth, but they failed to cite their source(s). I need an actual percentage of the global population that owns “x%” amount of the global wealth. I would like it to be as current as possible. Please, also tell me the source where you got the information from, because I will be citing it in a paper I am writing.

Thanks, I really need this information. It’s really hard to find specific information regarding this issue on an internet search engine. Just try it for your self, or maybe I’m typing in the wrong “key words” for the search.

FRANKIE

Martyn B asked:


How can you stop the ridiculous concentration of wealth to single individuals without affecting free trade and rights of people and without the need for a totalitarian regime.

Please. no righteous answers. Im not saying its right or wrong. Just noticing that the rich are becoming super rich whilst the middleclass pay for it and the poor get poorer.

DAVE

Dwayne Gilbert asked:


Wealth is a term that is often times associated with money. We must first start by understanding that wealth is much more than just money. It’s an internal perspective on the value of any given thing, including ourselves.

The term wealth consciousness is often times used when talking about money and one’s ability to relate to and obtain money and financial well being. I want to expand on this definition and perspective of wealth and help you develop a real understanding of what true wealth is.

First of all, wealth consciousness pertains to the internal value you hold within yourself. Everything that is valuable to you is nothing but a reflection of your internal value. To a rich person, they have chosen to expand and develop their internal value when it comes to their understanding and relationship to money and their financial abilities.

For someone who is a good cook, they have chosen to expand on their internal value and wealth consciousness when it comes to food and delivering a good experience to people’s eating experience. Wealth is anything that we hold as valuable. Where someone may have a perspective as money being wealth to them, others may have love and relationships as a definition of wealth.

It’s important to understand what we hold as valuable and believe to be a positive part of our experience and what we would label as wealth. To some knowledge is wealth, and others hands on ability is wealth. None of these are right or wrong, but a reflection of internal value.

We choose from moment to moment where we direct our consciousness and how we decide to expand our wealth consciousness. Some people believe that going to college is the best way of expanding their internal value and their wealth consciousness while others believe that a trade school is the best bet. Still others believe that starting a business is how they can best expand their wealth consciousness.

All of these are a reflection of internal wealth and value. The same is true for anything else that we choose to put our time and energy into. We can always evaluate someone’s internal wealth consciousness and their internal value system based on what they focus on and devote their time and energy toward.

It’s important to evaluate your internal value and wealth consciousness and decide to expand it in areas that will serve you and what you wish to attract. If you want love in your life and currently do not have it, then you must work on your internal value of love and your wealth consciousness of love. The same is true for everything and anything else.

It is this value within each of us that flows and gets exchanged all the time. Let’s use this article for example. I am giving knowledge and understanding, which is the value that I am bringing to the table. Webmaster’s will use the value I have in order to provide the value of useful knowledge to their list and their newsletter subscribers.

In exchange for that knowledge, you have given the value of your name and email address and the right for those webmasters to contact you. In return, I wish to get the value myself of people who will visit my website and learn more from me.

When you purchase a book online, you are looking for the value of useful and valuable information that will help you expand on your understanding and your ability to get the results that you want in your life. In return, you are willing to give up the value of money in order to get that value for yourself.

We are always exchanging certain internal value and wealth consciousness in return for things that we perceive as being more valuable. You will never give your money up for a book you don’t believe will give you more value in return than you are giving out. We can see this all the time when someone will drive extra miles to buy something at a store they can get just down the road only to save a few dollars.

We must always start with our internal wealth consciousness in any area we wish to expand on. If money is something you wish to have more of, you must do the work and take the time to learn, grow, and expand on your financial wealth consciousness.

If you wish for love, then you must invest in that wealth consciousness. Work on your internal value and wealth consciousness in the area of those things you want to attract, and you will attract them without fail.

Our internal value system dictates at what level we vibrate at. If we wish to attract something, we must learn to vibrate at the same level as that thing. Be it money, love, or a car, we must learn to vibrate properly, and our vibration is created by our internal values.



DARYL