ArticlesBase.com - Free Articles Directory
Free Online Articles Directory
07.10.2008 Sign In Register Hello Guest
Email:
Password:
Remember Me 
forgot your password?


Definiiton of Wealth - Top 10 Wealth Building Tips- Make Money And Become Rich

Author: Jerry Leung Author Ranking Gold | Posted: 28-02-2008 | Comments: 0 | Views: 9 | Rating:  (50) Article Popularity - Green (?) Got a Question? Ask.
Sign Up Now!

All of us, at one point or another, have dreamt of becoming wealthy, rich and successful in life. Many of us are still struggling to reach this goal, knowing or unknowing that there is a special pattern the real successful and wealthy people use as a form of life. I'm talking about people whom have built their fortunes independently on their own; and went from zero to hero. Rather than calling it luck, there is a specific mindset and a way of life and hadling matters, that needs to be adopted to achieve these goals.

Prepare yourself as I walk you through the 10 most important points to achieve wealth. These points can also be used for any other dream you have and not only money.

1- Believe In Yourself

Becoming rich and wealthy starts with a very basic thing you need to have. No matter what your goal is, you must ALWAYS believe in yourself and believe that you will achieve that goal. It all starts with imagination. If you can't set your imagination to soar picturing you achieving your goal and what you would be doing when you reach your dreams, you will always set yourself for failure. Good imagination and picturing only comes when you have BELIEF that you will achieve your goal. This is a fact most people understimate.

2- Focus

Focus on one thing at a time. Never jump around from a task/method/strategy to another without fully closure of one. Only move to another when you have completely finished with the first or you are on profit. This is learning to concentrate which is a very required quality, specially in these days.

3- Ignore & Eliminate Clutter

Set up your priorities and concentrate on them. Ignore any other distractions that aren't that important, or that may just waste your time giving you only very little rewards.

4- Get A Quality Life

Do not try to squeeze success, fame, wealth or fortune into a small life-style. Create a quality life first. You won't believe it, but if you do that, then the life-style of your dreams will follow.

5- Pinpoint Your Goals & Results

It is very important to have a focused goal in mind before doing anything. If what you want is "big money", then getting rich is not an enough goal, but you have to specify an exact amount by which you'd assume you've reached your goal when achieving it. This is very important too. Don't just say I wanna be rich! You want $50 million? $100 million?....etc. Then make the amount clear in your mind. If howevery you are just after fame don't go "I wanna be famous!", but rather know how exactly you want ending up to be like, and the cause of your fame....etc.

6- Only Option Rule

Take it dead serious. The no.1 reason why many people fail is because they don't take it seriously, and they know they HAVE OTHER OPTIONS. This is wrong. I suggest you destroy and burn any other options or routes that support you currently. Make it a death or life situation and watch how that alone will boost you forward.

7- Treating Money

Rich people know that there is a basic principle behind dealing with money that needed to be adopted, in order for them to prosper. If you want to become wealthy, you HAVE to invest. You will never achieve the kind of wealth millionairs and rich people do, by only depending on your 9 to 5 day job. This might at most get you a house and a car, but you won't become rich that way. In order for you to start earinging big, you have to invest regularly. Set aside a part of your monthly salary for investment, and choose the right market that suits you. This needs some research as there are some hidden investment gems that few people know, but the point is that you need to invest on a regular basis.

8- Benefits Of Assets

The main key to achieving great wealth is by minimizing income, while maximizing assets. Income gets spent and is taxed. Why do rich people like to buy all those cars, boats, houses...etc.? They invest in assets that are hard to spend... eg. stocks and bonds, buildings, collectibles like art... etc). This creates wealth that isn't taxed and not easily spend casually as with income.

9- Residual And Leverage Income

Make good use of residual and leverage incomes. Rich people wouldn't have reached there without benefiting from both types of incomes. Residual income is the income that keeps coming to you month after month, year after year, for doing something only ONCE. Like for example recording a music single and getting paid for it throughout your life. Leverage income is the income that comes from work of other people. Try to always outsource this income to make your life easier. Residual income and leverage income can be found in different forms depending on the nature of your business or work. But they are the fundamentals of achieving wealth.

10- Don't Get In Dept

Pay taxes on time. Get rid of any depts. Rich people don't let these hangover with them and burden their lives. They invest for millions, and if there is a legal way to avoid taxes, they take it! Use the law to your advantage, but trying to manipulate your income to avoid paying taxes will only tire you and create fear of getting caught, in addition to wasting your time and energy, while making you look cheap.

Rate this Article: Current: 5 / 5 stars - 1 vote(s).

Article Source: http://www.articlesbase.com/finance-articles/definiiton-of-wealth-top-10-wealth-building-tips-make-money-and-become-rich-344843.html

Print this Article Print article   Email to a Friend Send to friend   Publish this Article on your Website Publish this Article   Send Author Feedback Author feedback  
About the Author:

The Author is an experienced internet marketer, blogger and webmaster of http://www.mysteryautoincome.com - how to make money legitimtely online - make moneyf rom home , that teaches visitors several autoincome ideas, making money online, internet marketing and seo. Internet Business Marketing Tips & Opportunities

Submitting articles has become one of the most popular means of generating quality backlinks and targeted traffic to your website. Join us today - It's Free!

Article Comments

Comment on this article Comment on this article
Your Name
Your Email:
Comment Body
Enter Validation Code: Captcha


Got a Question? Ask.

Ask the community a question about this article:

Q&A Powered by:
Powered by Yedda 

Latest Finance Articles

Understanding Debt Consolidation Loans
By: Richard Greenwood | 07/10/2008
It can be all too easy to end up in debt and especially during the current times of financial uncertainty you may find yourself unable to make repayments. Consolidating your debt can make your debts easier to manage and lower your interest charges meaning you become debt free faster.

Credit Card Comparison
By: Richard Greenwood | 07/10/2008
Credit card offers are everywhere and all claim to out do each other. How do you cut through the marketing talk and understand the key features you need to compare to make an informed decision. Find out with this informative article on credit card comparison.

Shopping For Auto Insurance
By: Brenda Williams | 07/10/2008
When you get your license for the first time before you begin driving you need to get car insurance as it's mandatory to have car insurance while driving. Car insurance can be rather expensive, especially for new drivers which is why you'll need to ensure that you're getting the best...

Taking 100% Responsibility - the Prerequisite for Creating Money & Marriage Success
By: Leslie Cunningham | 07/10/2008
It's a simple concept, to refrain from blaming and complaining, and yet it's a challenge to change a habit, especially one that everyone else has. Like sticking to your diet, when everyone else around you is enjoying chocolate cake. Keep reading and you'll find out how this relates to your marriage and finances. Then I'll share some action steps to help you become 100% responsible for your life.

Retirement Income Investing and Your Portfolio
By: Steve Selengut | 07/10/2008
Brokerage firm monthly statements are designed to promote either fear or greed, depending on the current market environment. Nowhere on your statement can you find numbers that report your net investment, your total working capital, or your true asset allocation. Current and projected income numbers are given little attention

Buy to Let Investors Get a Boost
By: Parmdeep Vadesha | 06/10/2008
Buy to let UK investors are in a prime position to take advantage of a new government plan to spur property market activity. The scheme aims to permit property buyers to buy properties worth up to

How to Buy a Repossessed Property for Below Market Value
By: Parmdeep Vadesha | 06/10/2008
Buying a repossessed property is what matters for investors who are keen on reaping high profits. But even with the advantages it poses, there are certain aspects you need to be aware of before you start on the task of acquiring your next property cheaply.

Brits Should Ensure They Have the Cheapest Energy Supplier
By: Abbi Rouse | 06/10/2008
With energy prices escalating steadily, consumers could knock considerable amounts off their utility bills by switching from their areas default supplier.

More from Jerry Leung

You Should Be Careful Of Weight Loss Scams
By: Jerry Leung | 06/10/2008 | Weight Loss
A lot of people are trying to lose weight nowadays. In fact, weight loss has become an extremely profitable business. However, the baseline here is that you should try to stay away from the weight loss scams.

What To Do If Your Sex Life Becomes Boring
By: Jerry Leung | 03/10/2008 | Sexuality
You will start find your sex life boring after being together with your partner for some time. The question here is how you can spice your sex life again if you start feeling that it becomes boring.

Tips For A Successful Dieting Plan
By: Jerry Leung | 03/10/2008 | Weight Loss
In terms of the actions you have to take, weight loss is mainly about exercising and dieting. In fact, dieting is the mean to control your intake of calories.

Fat Loss And The Scale
By: Jerry Leung | 02/10/2008 | Weight Loss
Most people will just focus on the weight they can lose when they are trying to lose weight. In fact, you do not need to care some much about the reading from the scale. Instead, you should focus more on the ratio between the fat and lean body mass of your body.

Useful Advices For Your Foreplay
By: Jerry Leung | 02/10/2008 | Sexuality
No one will say that foreplay is not important. Yes nearly everyone will know that foreplay will be very essential if you would like to more your sex life perfect. However, you may not exactly know what you should do so that you can have good foreplay. Here are some advices to you.

Swingers - The Lifestyles Of Them
By: Jerry Leung | 02/10/2008 | Sexuality
There are some people who are actively engaging in the swinging activities. In fact, there are some people who believe that swinging is just something immoral and we should never engage in such activities.

Healthy Ways For Weight Loss
By: Jerry Leung | 02/10/2008 | Weight Loss
Losing weight is not something funny or enjoyable. You need to work very hard in order to succeed. You have to do a lot exercises. You have to adapt to some dieting plans. You will also have to change your lifestyle!

Do You Know These Basics Of Weight Loss
By: Jerry Leung | 29/09/2008 | Weight Loss
For people who are overweight, it is very important to lose a few pounds. You will need to learn which kind of programs will really work. And you must try to understand some basics of weight loss otherwise you will not have the knowledge to choose a program.

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below