Successful wealth creating depends on a balance between mindset and financial strategy. Understanding and accepting this determines the success of an individual’s efforts at wealth creation; to determine whether you have the right mindset to succeed and create wealth, take this simple test, devised by Jamie McIntyre of the 21st Century Academy:
- Suppose you were given a choice between being given $1 million dollars, and being given a wealth creation education. Which would you choose?
It seems fairly obvious that the majority of people would instantly choose the $1 million in cold, hard cash. And that majority would also think that all their financial problems were solved. Really, you could do a lot with a cool, easy million.
Would A Million Dollars Really Solve Your Financial Problems?
Honestly, you could do a lot with a million dollars. If you knew what to do with it to make that million last a lifetime. But really, how long does a million dollars last these days? How many years would it take you to spend a million dollars, assuming no investments and no change to your current lifestyle, if you were given a million dollars cash free and clear? How much of that million would go right to paying off your debt? How much would you be left with?
Even if you took that million dollars and did nothing but pay the bills you have, you’d be out of money in a matter of years; long before the end of your life. Chances are you’d even find yourself worse off in the end than you are today.
Sound unrealistic? Consider this
- A study of Australian lottery winners showed that of those who win a million dollars, most are worse off in a period of three to seven years.
Why? Because they have nothing but a lifetime of financial reaction to guide them. They have no money skills, and no mindset to guide their efforts at spending and investing, no commitment to financial success!
Now, given a wealth creation education, people are far more likely to succeed. Had that million dollars been paired with the knowledge and mindset to succeed financially, that money could have been invested and turned into more money, money virtually out of thin air!
The point of this exercise is to show that the solution to financial struggle is not money in and of itself. The solution to financial struggle is an effective financial education, a wealth creation education.
What Is A Wealth Creation Education
A wealth creation education consists of two parts.
1. Lessons in developing the mindset for financial success
2. Lessons in financial strategy, how to make money work to make more money
Together, these two parts make up 100% of the whole necessary to achieve financial freedom for life.
To go back to the original exercise, let’s suppose that this education were chosen over the million dollars. What then?
In that instance (assuming a true commitment to wealth creation), the outcome is far different. Even starting with seemingly nothing, the individual learns to create wealth by utilizing the various money systems and financial strategies of the world. In three to seven years, the wealth creation student is retired (or working only because he or she wants to). In three to seven years, when the lottery winner is struggling more than ever financially, the wealth creation student is letting his/her money work for him, rather than the forcing himself to work for more and more money.
The Wealth Creation Prize
Faced with these realities, it becomes obvious that the real wealth creation prize is the wealth creation education. With a wealth creation education, the possibilities are limitless, and wealth continues to build.
Money comes and goes, as the wealth creation student understands; where one income stream ends, another can surely begin; and while a million dollars can only get you so far, a million and a wealth creation education can take you on for life.
COLBY
More at
http://www.MoneyBeyondBelief.net/
Use Emotional Freedom Technique to tap away your negative beliefs around Wealth and Abundance.
This video is based on an EFT script by Brad Yates, who put together a programme with Joe Vitale from The Secret. It’s a very powerful way to clear your resistance to bringing more money into your life.
Here is the complete script for this video:
Even though I am uncomfortable around money,
I deeply and completely love and accept myself,
Even though I’ve got all this money discomfort,
I deeply and completely love and forgive myself,
Even though I’ve got all this money discomfort,
When I think about money,
There’s all kinds of issues that come up,
I really like the idea,
That there’s unlimited abundance,
But I can’t believe it completely,
I’d like to go fishing,
And I’m pretty sure the fish are out there,
But I’m not sure I expect them to bite,
Maybe I believe in abundance,
I just don’t expect it for myself,
And I have a lot of reasons for that,
A lot of fear about that,
I have a lot of fears,
That abundance might not be that great for me,
That I can’t handle it,
I have a lot of fears,
That it’s not there for me,
‘Cause I’m a women,
Or any other excuse I have,
And these are based on past incidents,
I didn’t come up with these ideas on my own,
Someone else gave them to me,
And I bought them as the truth,
And the truth is,
These things aren’t true,
I am just as welcome to abundance,
As the next person,
And I can expect it,
And the more I clear myself,
The more I allow it,
And the more I can expect it,
And even though I’ve got this money discomfort,
I deeply and completely,
Love and forgive and accept myself,
And all the people in my life,
Who’ve helped to make money uncomfortable.
DARRIN
Take these into consideration:
1. men paying for dates
2. Men taking on the greater share of housing and expenses when a couple.
3. Child support and alimony
4. Inheritance and pension when the man statistically dies 6 years sooner.
5. Tax funded entitlements specifically for women (men pay a greater percentage of the total US tax burden)
6. Any other suggestions?
I’ll bet with all these elements combined, there’s a net transfer of wealth in the hundreds of billions of dollars from men to women every year.
DENIS
http://www.weforum.org/annualmeeting 24.01.2008
Myths and Realities of Sovereign Wealth Funds
Sovereign wealth funds are now estimated to be as large as US$ 2.5 trillion and expected to reach US$ 12 trillion in 2015.
What is their impact on the global economy?
Richard S. Fuld Jr, Chairman and Chief Executive Officer, Lehman Brothers, USA
Kristin Halvorsen, Minister of Finance of Norway
Muhammad S. Al Jasser, Vice-Governor of the Saudi Arabian Monetary Agency
Robert M. Kimmitt, US Deputy Secretary of the Treasury
Aleksey Kudrin, Deputy Prime Minister and Minister of Finance of the Russian Federation
Bader M. Al Sa’ad, Managing Director, Kuwait Investment Authority (KIA), Kuwait
Stephen A. Schwarzman, Chairman and Chief Executive Officer, The Blackstone Group, USA
Lawrence H. Summers, Charles W. Eliot University Professor, Harvard University, USA
Moderator
Martin Wolf, Associate Editor and Chief Economics Commentator, Financial Times, United Kingdom
CHONG
