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


You Need A Wealth Creation Strategy

Author: Mika Hamilton Author Ranking Gold | Posted: 12-11-2005 | Comments: 0 | Views: 123 | Rating:  (53) Article Popularity - Blue (?) Got a Question? Ask.
Sign Up Now!

Only by having a wealth creation strategy in place is it possible to become wealthy. So many people work at becoming wealthy with no clear objective in mind other than they want to be wealthy. And most of them fail. Just like you can't build a house without a blueprint, you can't become wealthy without having clear outline of wealth strategies to get you there.

Of the many wealth creation strategies out there, perhaps the most basic is to first of all buy a home. Real estate is the cornerstone of the most successful wealth strategies. So a first step in becoming wealthy is to become a homeowner.

Next, you will want to consider any disposable income and look for investments you can use it for. Having money in a savings account may make you feel secure and wealthy, but it isn't doing any real work toward making you wealthy. Even investing small amounts is an important wealth strategy.

Perhaps the most important of all wealth creation strategies is discipline. It takes discipline to achieve wealth. It's hard not to take that disposable income you have at the end of every month and spend it on little luxuries. It's also hard not to take the nest egg you've built up and splurge on the vacation or sports car of your dreams.

But if you truly want to become wealthy, then you have to have the discipline to invest your money rather than spend it.

You may also want to take courses in financial and investment planning. There are many excellent courses available online and through your local colleges and universities that can teach you invaluable wealth creation strategies.

The more wealth strategies you are aware of, the better off you will be in deciding what the best ones are for meeting your financial goal of becoming wealthy.

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

Article Source: http://www.articlesbase.com/finance-articles/you-need-a-wealth-creation-strategy-6914.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:
Mika Hamilton runs a website offering free investment tips and strategies for people looking to get started in the investment world. visit http://true-money.org/carfan5 for more tips and articles like this.
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


Related Articles

Piquing Your Interest in Interest Only Loans for Investment Properties
By: Mark S. Lackey | 19/09/2006 | Wealth Building

Real Estate Investor and Investment Business
By: Sharon Samraj | 21/07/2008 | Real Estate

Why You Are Not Rich Yet
By: Adam Khoo | 06/08/2006 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

What Determines A Person's Income?
By: Adam Khoo | 10/08/2006 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

The Seven- Step Formula to Financial Abundance
By: Calvin Woon | 25/10/2006 | Finance
Free Finance articles for use on your Finance related website. Find articles of the subject of Finance

It’s not That Difficult to Increase Your Business Profits…
By: Jeff Bunnell | 27/05/2007 | Business
Business Articles, learn about busines - An organization created with the objective of making a profit from the sale of goods or services.

How to Turn your Credit Cards Into a Powerful Wealth Tool?
By: LeeMen Cheong | 26/09/2007 | Credit

It is not the Number of Hours you Work.
By: Adam Khoo | 12/12/2007 | Personal Finance

Got a Question? Ask.

Ask the community a question about this article:

Frequently Asked Questions

Houston, TX - How is your retirement looking with the falling stock market?
By: AggieAdvisor | 19-03-2008
With interest rates falling, and stock market's overall value declining, how does this affect your overall retirement income plans?  Have you identified anyways to help stabilize your declining asset base?Best of luck,Michael J. Fitzgerald, CPA/PFS, CFP, MSThttp://www.fitzfp-llc.com

To pay taxs on rollover from Pension account, yes or no?
By: johnnymac | 26-10-2007
If I rollover my money from my Pension account to an IRA-CD do I have to pay Federal and state taxs on that amount at the time of the rollover?

Yahoo CEO retiring
By: Jessica | 21-06-2007
I'll bet you've read or heard the Yahoo CEO retired two days ago. Today I aw this picture and I suddenly realized that rather than looking like the Chair of a huge corporation, he just looks SAD. And a little bit like my next door neighbor.Does he look sad to you?  

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 Mika Hamilton

What Exactly Does an Investment Company Do?
By: Mika Hamilton | 03/08/2008 | Finance
An investment company is a company that has a number of specialized share investments that you can participate in. The advantages of this are that you are using the expertise of professionals who are in the market everyday and rely on getting the best results for their company.

Best Investment Sites - What to Look for in an Investment Site
By: Mika Hamilton | 24/07/2008 | Finance
Investment sites can be a wealth of information for the investor. When you look for these sites on the internet, there are a few things you should keep an eye out for.

Investment Information for Beginners
By: Mika Hamilton | 16/07/2008 | Finance
To find out information to begin your investment life you should have a good understanding of why you are investing. Do not invest just because somebody told you start investing. The why is often more important than the how. The reasons behind your investment decisions will give you the motivation and the clarity to make your decisions wisely.

Online Stock Broker - How to Find the Best Online Stock Broker
By: Mika Hamilton | 13/07/2008 | Investing
Online brokers have an important role to play when you open an online trading account. Each broker can offer different services and features. You must research all the online brokers to find the best broker to meet your needs. This article discusses some of the most important points to consider.

Picking Shares for Profit
By: Mika Hamilton | 25/05/2008 | Finance
Learning to pick the right shares to invest in is not hard. Follow some basic principles to learn how.

How to Get Investment Help
By: Mika Hamilton | 30/04/2008 | Finance
The point behind investing is to make your money work for you. You worked for it now it is time for the pay back. The question is just how hard do you want your money to work? This is known as your risk profile. If you try to get your money working too hard the risk is that you will loose it. The rule of thumb is that the higher the return, the more risk associated with the investment.

Investment Ideas for Small Investors
By: Mika Hamilton | 15/04/2008 | Finance
You don't have to be made of money to be an investor. There are many investments ideas for small investors that you probably aren't aware of. And these investments can be a lot closer and simpler than you think.

Are Online DVD Rental Services a Good Value for Your Money
By: Mika Hamilton | 05/04/2008 | Art and Entertainment
Every day we see more and more commercials for DVD rental services, but are they really good value for money, well, lets take a look.

Article Categories






Give Feedback

Sign up for our email newsletter

Receive updates, enter your email below