Wealth|Knowledge and Action… Creates Wealth
Dec
30
Filed Under (Other - Home & Garden) by wealth
Bunny Girl asked:
Hi, I would like to know where my wealth area is in my bedroom and living room? Is there a method or some kind of reference to help “calculate” that?
Hi, I would like to know where my wealth area is in my bedroom and living room? Is there a method or some kind of reference to help “calculate” that?
After knowing where my wealth area is, how should I “activate” it?
Thank you in advance for your help!
ANTOINE
Dec
21
Filed Under (Philosophy) by wealth
magpiesmn asked:
By excess wealth I mean like extra food/clothing/misc fun stuff ect… Is there an idea point when you have accumulated enoth stuff to stop buying new stuff and or start giving stuff away?
GASTON
By excess wealth I mean like extra food/clothing/misc fun stuff ect… Is there an idea point when you have accumulated enoth stuff to stop buying new stuff and or start giving stuff away?
GASTON
Dec
17
Filed Under (Wealth Building) by wealth
Yogesh Kumar asked:
Country growth is generally based on the level of the development and infrastructure growth. If it is in process of economic activities and government plans, the country is termed an emerging economy. India is a developing country and the numbers of these new sets of millionaires are bound to be expanding owing to the virgin nature of the country and the escalating demands of its over 1 billion citizens.
As noble as the ideas are, and as all spanners are now at work to realize this vision, creation of more wealth poses more problems less than the eyes can see in terms of retaining the wealth so created. On this note stands the need for a financial planner in wealth management.
This service has been well established in developed countries and it accounts for the quantum leap in these nations wealth. It is not a chance occurrence to see empires abroad that has lasted for more than four decades and still counting. Among them, a word like PRIVATE WEALTH MANAGEMENT is quite a regular which denotes a specialized service rather than a generally offered service. According to Morgan a foreign financial service provider, “private wealth management” is a service reserved for clients with investments worth over $10 million.
Based on this reason, the importance of a financial planner cannot be over emphasized. He occupies a central position akin to that of a coach. In his team are bankers, lawyers, insurers, real estate brokers, stockbrokers et al.
Their duty depends on the originators instruction.
This duty separates them from other the traditional financial services practitioners. Thus for a beginner he can be a trusted friend and guide to reach a set financial destination. For those who have counted a few millions, this strategic plans multiplies your wealth, for those in the multi million arena, their expertise will sustain, safeguard and transfer your hard earned wealth to your desired recipients.
The sole work of a financial planner in wealth management is to use various wealth management options to protect the clients’ wealth. When this is done the life span of wealth is protected and prolonged while a nation’s wealth is buoyed.
FRANKLYN
Country growth is generally based on the level of the development and infrastructure growth. If it is in process of economic activities and government plans, the country is termed an emerging economy. India is a developing country and the numbers of these new sets of millionaires are bound to be expanding owing to the virgin nature of the country and the escalating demands of its over 1 billion citizens.
As noble as the ideas are, and as all spanners are now at work to realize this vision, creation of more wealth poses more problems less than the eyes can see in terms of retaining the wealth so created. On this note stands the need for a financial planner in wealth management.
This service has been well established in developed countries and it accounts for the quantum leap in these nations wealth. It is not a chance occurrence to see empires abroad that has lasted for more than four decades and still counting. Among them, a word like PRIVATE WEALTH MANAGEMENT is quite a regular which denotes a specialized service rather than a generally offered service. According to Morgan a foreign financial service provider, “private wealth management” is a service reserved for clients with investments worth over $10 million.
Based on this reason, the importance of a financial planner cannot be over emphasized. He occupies a central position akin to that of a coach. In his team are bankers, lawyers, insurers, real estate brokers, stockbrokers et al.
Their duty depends on the originators instruction.
This duty separates them from other the traditional financial services practitioners. Thus for a beginner he can be a trusted friend and guide to reach a set financial destination. For those who have counted a few millions, this strategic plans multiplies your wealth, for those in the multi million arena, their expertise will sustain, safeguard and transfer your hard earned wealth to your desired recipients.
The sole work of a financial planner in wealth management is to use various wealth management options to protect the clients’ wealth. When this is done the life span of wealth is protected and prolonged while a nation’s wealth is buoyed.
FRANKLYN
Dec
17
Filed Under (People) by wealth
mtk5038 asked:
mind movie that deals with wealth
EUSEBIO
Dec
09
Filed Under (Finance) by wealth
Trish Davies asked:
Building wealth is all about having a system that implements fundamental steps that once you have learned can be applied to create wealth. These steps are crucial to achieving your Financial Freedom Day.
It is never too late to build a financial wall around you and your family that nothing can get through. This would be referred to as financial security. We call it your Financial Freedom Day! It is the day when you have enough assets that pay for all your expenses now and in the future. The quicker you identify your financial freedom day the better. It does not have to be 10, 15, 20 or even 30 years down the track. It is not unrealistic to have a Freedom Day of between 3-5 years. It is the day that you can travel with your family when and where you like with no restrictions, afford the home you want, put your children into the schools you desire and teach your children there are no limits.
Financial freedom is having an asset base which generates the income to not only meet your needs but to create a lifestyle that you dream of. You do not want to be relying on anyone for your financial freedom, the government, your employer, your partner, your husband, your family. Financial freedom changes your life!
So now you ask; how? How do I set a financial freedom day? How do I achieve fianancial freedom? Ask yourself At what age would you like to be financially free?
To achieve financial freedom you need a system. A proven, step-by-step, time tested system that will get you on the path to building wealth. This system
is called ‘Building Your Wealth Cycles’ comprising of 8 fundamental steps to building sustainable wealth. All entrepreneurs have a system to build wealth.
The 8 fundamental steps are as follows: -
1. Financial Conditioning
One of the first areas that must be looked at is your mindset with regards to money. Your mindset is a result of your financial conditioning, you must be aware of your conditioning and the impact it has on your potential to create wealth. You must be able to make the changes necessary to bring money and wealth into your life. We have been conditioned about our money beliefs from a very young age from people around us that loved us very much, like our parents, grand-parents, teachers, coaches, peer support leaders and other family and friends. They only know and understand what they have been taught about money from the family that raised them.
Start to think about the language that was used in the home when your were growing up. Was it “money doesn’t grow on trees” or “no, we can’t afford that” or “Do you think we have a money tree growing in the yard” or “I’ll put that away for a rainy day” or “Money isn’t everything” and finally “Money is the root of all evil”. These are just some of the beliefs that have been handed down generation to generation in countries all around the world.
We encourage you to sit down and write down some of your beliefs around money. Also, ask your children whether they hear your limiting beliefs around money and what are they.
2. Financial Baseline
Your financial baseline is all about identifying where you are right now with your finances. You must take a look at the reality of your present financial situation. Start today, from where you are right now. It might be a little scary or fearful. You cannot get to where you want to go without knowing exactly where you are today. Start asking some very basic questions like How much money do you currently earn? How much money do you spend? For how much, and to whom are you in debt? Do you have anything set aside in savings?
Just remember, what you did yesterday, last month and last year does not have be indicative of what you are capable of doing in the future. The most important thing you can do is take stock of where you are right now!
Also, how do you keep your financial records. Do you keep things in a shoe box and only empty it out once every year. Do you have piles and piles of paperwork everywhere. Do you have a filing system set up? If you don’t have your finances organised then you will not have a good clear picture of your financial baseline.
3. Financial Freedom Day
Millionaires always have a plan. They determine their financial goals and take action to make them happen. Your Financial freedom Day is the day when you’ve reached your financial goals. To determine when your Financial Freedom Day is you need to know what your vision is. Your vision is a picture of how you want to be living sometime in the future. In order for you to be motivated and move towards your vision it must be exciting, realistic and must never compromise your valuues. You must also excercise no limit thinking. There are 3 things you need to clarify in order to declare your Financial Freedom Day. They are your monthly cashflow, your total net worth and the day, month, and year that you want this to occur.
4. Managing Your Lifestyle Choices
Managing lifestyle is all about managing your debt levels. It is about creating a debt elimination plan that will eliminate credit card debt. There is good debt and bad debt. Bad debt is debt associated with lifestyle choices. It is where you’re using your income to increase your liabilities. Good debt is debt that is acquired through the purchase of assets, assets that are then invested to produce passive income.
5. Foundation of Your Wealth Cycles
A wealth cycle is a process whereby you are paying yourself first before paying anyone and anything else. This ensures that money is being allocated to your asset column. It is something that is ongoing and the purchasing of assets does not just happen once. A wealth cycle also includes an understanding of entity structuring for the purpose of protection and tax. You must also make a decision about the type of investor you are whether you are active or passive. You must also develop some money rules and stick to them.
6. Acceleration fo Your Wealth Cycles
This is all about education. You must educate yourself in the areas you want to invest whether it be stocks and shares or real estate or international securities or commodoties or collectibles. Seek mentors and coaches that specialise in those areas of wealth creation.
7. Leadership of Your Wealth Team
No-one creates wealth without a team around them. No more ‘Lone Ranger’ you must surround yourself with team. Leadership of you wealth team is one of the most under-discussed areas of leading your wealth. Make no mistake, you are the leader of your wealth team, whether you realise it or not. Your job is to inspire, motivate, hold and communicate the vision to all of those on your team.
8. Creating Sustainable Action
Keep taking action each and every day. You must every night right out a list of revenue producing activities. You must work towards your Financial Freedom Day, every day. Even if they are small action steps it does not matter.
Expand your knowledge in these 8 fundamental steps through education, mentoring, coaching and acquiring specialised knowledge and it won’t take you long at all to achieve levels of wealth you never thought was possible.
CLEVELAND
Building wealth is all about having a system that implements fundamental steps that once you have learned can be applied to create wealth. These steps are crucial to achieving your Financial Freedom Day.
It is never too late to build a financial wall around you and your family that nothing can get through. This would be referred to as financial security. We call it your Financial Freedom Day! It is the day when you have enough assets that pay for all your expenses now and in the future. The quicker you identify your financial freedom day the better. It does not have to be 10, 15, 20 or even 30 years down the track. It is not unrealistic to have a Freedom Day of between 3-5 years. It is the day that you can travel with your family when and where you like with no restrictions, afford the home you want, put your children into the schools you desire and teach your children there are no limits.
Financial freedom is having an asset base which generates the income to not only meet your needs but to create a lifestyle that you dream of. You do not want to be relying on anyone for your financial freedom, the government, your employer, your partner, your husband, your family. Financial freedom changes your life!
So now you ask; how? How do I set a financial freedom day? How do I achieve fianancial freedom? Ask yourself At what age would you like to be financially free?
To achieve financial freedom you need a system. A proven, step-by-step, time tested system that will get you on the path to building wealth. This system
is called ‘Building Your Wealth Cycles’ comprising of 8 fundamental steps to building sustainable wealth. All entrepreneurs have a system to build wealth.
The 8 fundamental steps are as follows: -
1. Financial Conditioning
One of the first areas that must be looked at is your mindset with regards to money. Your mindset is a result of your financial conditioning, you must be aware of your conditioning and the impact it has on your potential to create wealth. You must be able to make the changes necessary to bring money and wealth into your life. We have been conditioned about our money beliefs from a very young age from people around us that loved us very much, like our parents, grand-parents, teachers, coaches, peer support leaders and other family and friends. They only know and understand what they have been taught about money from the family that raised them.
Start to think about the language that was used in the home when your were growing up. Was it “money doesn’t grow on trees” or “no, we can’t afford that” or “Do you think we have a money tree growing in the yard” or “I’ll put that away for a rainy day” or “Money isn’t everything” and finally “Money is the root of all evil”. These are just some of the beliefs that have been handed down generation to generation in countries all around the world.
We encourage you to sit down and write down some of your beliefs around money. Also, ask your children whether they hear your limiting beliefs around money and what are they.
2. Financial Baseline
Your financial baseline is all about identifying where you are right now with your finances. You must take a look at the reality of your present financial situation. Start today, from where you are right now. It might be a little scary or fearful. You cannot get to where you want to go without knowing exactly where you are today. Start asking some very basic questions like How much money do you currently earn? How much money do you spend? For how much, and to whom are you in debt? Do you have anything set aside in savings?
Just remember, what you did yesterday, last month and last year does not have be indicative of what you are capable of doing in the future. The most important thing you can do is take stock of where you are right now!
Also, how do you keep your financial records. Do you keep things in a shoe box and only empty it out once every year. Do you have piles and piles of paperwork everywhere. Do you have a filing system set up? If you don’t have your finances organised then you will not have a good clear picture of your financial baseline.
3. Financial Freedom Day
Millionaires always have a plan. They determine their financial goals and take action to make them happen. Your Financial freedom Day is the day when you’ve reached your financial goals. To determine when your Financial Freedom Day is you need to know what your vision is. Your vision is a picture of how you want to be living sometime in the future. In order for you to be motivated and move towards your vision it must be exciting, realistic and must never compromise your valuues. You must also excercise no limit thinking. There are 3 things you need to clarify in order to declare your Financial Freedom Day. They are your monthly cashflow, your total net worth and the day, month, and year that you want this to occur.
4. Managing Your Lifestyle Choices
Managing lifestyle is all about managing your debt levels. It is about creating a debt elimination plan that will eliminate credit card debt. There is good debt and bad debt. Bad debt is debt associated with lifestyle choices. It is where you’re using your income to increase your liabilities. Good debt is debt that is acquired through the purchase of assets, assets that are then invested to produce passive income.
5. Foundation of Your Wealth Cycles
A wealth cycle is a process whereby you are paying yourself first before paying anyone and anything else. This ensures that money is being allocated to your asset column. It is something that is ongoing and the purchasing of assets does not just happen once. A wealth cycle also includes an understanding of entity structuring for the purpose of protection and tax. You must also make a decision about the type of investor you are whether you are active or passive. You must also develop some money rules and stick to them.
6. Acceleration fo Your Wealth Cycles
This is all about education. You must educate yourself in the areas you want to invest whether it be stocks and shares or real estate or international securities or commodoties or collectibles. Seek mentors and coaches that specialise in those areas of wealth creation.
7. Leadership of Your Wealth Team
No-one creates wealth without a team around them. No more ‘Lone Ranger’ you must surround yourself with team. Leadership of you wealth team is one of the most under-discussed areas of leading your wealth. Make no mistake, you are the leader of your wealth team, whether you realise it or not. Your job is to inspire, motivate, hold and communicate the vision to all of those on your team.
8. Creating Sustainable Action
Keep taking action each and every day. You must every night right out a list of revenue producing activities. You must work towards your Financial Freedom Day, every day. Even if they are small action steps it does not matter.
Expand your knowledge in these 8 fundamental steps through education, mentoring, coaching and acquiring specialised knowledge and it won’t take you long at all to achieve levels of wealth you never thought was possible.
CLEVELAND
Dec
04
Filed Under (Politics) by wealth
guns protect asked:
Isn’t it the middle and upper-middle classes who get hurt? The rich simply hedge their wealth, relocate it, and cease corporate / job creation ventures when further taxed. And yet people side themselves with tax raising candidates. Do we not know the facts that lowering taxes (including on the wealthy) ALWAYS results in economic stimulation for all. We’ll always have bums and lazy folk. Citizens should NEVER be forced to provide for them.
CLETUS
Isn’t it the middle and upper-middle classes who get hurt? The rich simply hedge their wealth, relocate it, and cease corporate / job creation ventures when further taxed. And yet people side themselves with tax raising candidates. Do we not know the facts that lowering taxes (including on the wealthy) ALWAYS results in economic stimulation for all. We’ll always have bums and lazy folk. Citizens should NEVER be forced to provide for them.
CLETUS
