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Emlyn Scott is the founder of Rich1Percent, investor and wealth creation author. He is a wealth creation and finance expert with 4 post graduate qualifications and has amassed a multi-million dollar investment portfolio. Sort By: Date | Popularity
How To Stay Motivated On Your Wealth JourneyWhat is motivation?
There is no universal definition of what motivation is, yet all of us intrinsically know what it is. If you speak to people on the street and ask them what they think motivation is, you'll likely get responses like "it's what drives you" or "it's what pushes you"... How Do You Estimate Your Normal Retirement Requirements?Standard retirement plans are quite simple and apply to the middle class and to a lesser extent the financially independent. The following process would apply almost entirely to the middle class pension savings only (the financially independent would have extra personal holdings of assets such as bonds, stocks, mutual funds... How Do You Sell Options To Generate Amazing Returns?In this article we will look at how to effectively implement this strategy to increase your wealth. But before we do it's important to recognize that this strategy offers you the benefit of cash returns and easy access to your capital. Why are these things so important?
Cash returns:
Let's look at... How To Create And Calculate Your Ultimate Wealth Target: Your Vision StatementThe process of creating and calculating your vision statement is a 4 step process:
STEP 1: Creating your vision statement:
Creating your vision statement should be a soul-searching discovery, not a clinical exercise. Your vision isn't something you can formulate and write in one sitting. You'll create it over a period of... Does Wealth Come From Owning Assets?The traditional definition of assets defines an asset as anything you own that has some monetary value. While this definition is correct and may seem logical, it is completely unhelpful when it comes to wealth creation. For example, the car sitting in your driveway or even the television sitting in... Creating Cashflow: Using Covered Call Strategy To Pay You CashI'll assume in this article that you already have the basic understanding of stocks and options. If not then it would be worthwhile to read about these investments first. The covered call strategy brings together stocks and options to form a third strategy...a cash flow strategy. The covered call strategy... Wealth Formula: The Secret To Wealth CreationThe Wealth Formula succinctly depicts the components that are necessary for you to create real wealth. The Wealth Formula is shown below:
M+K+P+A=W
It identifies four essential wealth creation stages and the relationship between them. These are:
Wealth Mindset
Wealth Knowledge
Wealth Planning
Wealth Action
It links each of these four component through the plus sign, +,... What Percentage Of People Are Rich?The 5% club:
The Capgemini and Merrill Lynch 2006 World Wealth Report found there were 8.7 million millionaires in the world-2.9 million in America, 2.8 million in Europe, 2.4 million in Asia, 300,000 in both the Middle East and Latin America, and 100,000 in Africa. Given there are 114 million households... Your Wealth Creation Arsenal: The 7 Reasons Why Real Estate Is Your Essential ToolReal estate (both residential and commercial property) is perhaps the best way for the average person to generate wealth. There are many reasons why real estate is such a brilliant way to fast-track your wealth plan and why it's so popular with those who want to become wealthy or are... Financial Statements: Wealth Starts With Your Personal Financial StatementsFinancial Statements Introduction:
Financial statements generally take the form of records of the financial performance of a business. They provide information about the profitability and general financial health of the organisation. A company's financial records usually consist of:
* Income Statement
* Balance Sheet
* Cash Flow Statement
An income statement, also called a Profit...
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