Developing Wealth Creation Skills

Wealth creation is probably a new term for most people. It is hard enough to create something useful for ourselves. Yet, do people really think that creating wealth is possible? As we can see, in today’s educational system it is rare for universities to teach wealth creation even in business schools. Thus, it might as well be an abstract idea as world peace.

However, inspirational giants and self-made millionaires like Robert Kiyosaki, Tony Robbins and Jamie McIntyre are people who have perfected wealth creation skills. As the term implies, skill is an action to produce tangible results. One cannot say that he has the skill to do something if he cannot demonstrate it. Thus, developing wealth creation skills is not only a tangible part of reality, but also something that people can develop and enhance. Following a path towards developing wealth creation skills will definitely help you achieve financial freedom.

Do not Sell Yourself Short

The first step in developing your wealth creation skills is acknowledging your value. Having the self-confidence to move forward with your strengths will allow you to be valuable to other people. When this happens, do not undervalue yourself. When you undervalue yourself you project an image where people can manipulate you. Feeling that you do not get equal value for your work is the biggest individual letdown. In order to develop your wealth creation skills, you must design your launch pad to success by feeling good with your work.

By pushing yourself to live up to your perceived value, you also give yourself the incentive to become a better person and raise your value even higher. Then you can become a critical creator of your wealth.

Millionaires are not cheap

Most successful people will tell you that success comes with a price. Sometimes the price tag for success is something that we can afford. However, we still don’t have the will to spend it anyway. Self-made millionaire’s spends on things that they can’t afford because they know that they can be better off with it. Remember that the world millionaire and cheap will not come together. If you want to be a millionaire someday, start getting rid of the word cheap.

Remember that every benefit always comes with a cost. Go for things that you feel will benefit you the most and be daring enough to supply the necessary effort for it.

Finding your craft – then get paid for it

People find confidence if they do what they really love doing. However, people tend to leave the things that they love in order to work hard for money. When this happens, one finds it harder to become confident. They end up forgetting their dreams while they fall into pitch black.

To find enthusiasm, people should start asking a different question instead. Why can’t I do the things that I love to do and get paid for it? Developing sound wealth creation skills involves putting passion in your work. Invest in yourself first and you will see the dividends pay off.

There is Wealth

Finally developing wealth creation skills is acknowledging that wealth abounds. Traditional education has been talking about a world of scarcity. As defined, economics exists because we need to find ways to distribute scarce resources. How about the other way around? Jamie McIntyre said that if we divide the world’s wealth to all the six billion people in the planet, we would get $3,000,000 each. It is our job to get our equal share of world wealth.

True wealth creation knows that the world is abundant. This way, we can develop ourselves to look at different trials and come up with different opportunities. Knowing that there is wealth will put your wealth creation skills to good use.

The Smart Investor And Smart Work

People often find working as second nature. After all, through history we know that we need to work to feed ourselves. More importantly, working hard has been the central motto of people looking to find success. As they say working hard is what your worth is all about.

But is that still true today? People can understand why hard work is needed at a time where people have to hunt animals and gather fruits. During those times, you cannot come back home without food. In the 21st Century, most people still think that way. But from the philosophy of a smart worker, “hard work pays off… but it doesn’t pay enough.”

Jamie McIntyre drives this point in his book “What I Didn’t Learn in School but Wish I Had”. He argues that the trends today do not call for hard workers. Instead, we need people who think. While millionaires do not undervalue hard work, they certainly do not find hard work as the beacon of success. Instead, working smart is just as important, if not more important, than working hard.

Then what is smart work? Smart work is thinking work. Today, people get caught up with different pressures in life that they feel they need to be in tip-top shape to handle every pressure that comes at them. However, a myopic understanding of hard work will result to making things harder instead of succeeding. In the end, a sense of constant struggle will befall the hard worker who does not find ways out of his predicament or are unaware of his current situation.

Today the world is built on finding easier ways at arriving at things. In finding financial freedom, there is always an easier way. Finding the easy way out is the initial step to smart work. As we find the path to making things more efficient and effective for ourselves, we free up time to become more productive and useful to other people. Thus, smart work becomes one of the primary tools for achieving financial freedom in this age.

A Smart Approach

Developing a millionaire’s mindset involves a lot of discernment, decision making, and critical judgment. In short, being a millionaire requires a lot of thinking. Being your own CEO by improving your time management skills, efficiency, and productivity is a thinking process. Being higher up the financial pyramid requires being smarter than the next person. There is always a bigger chance for you to outsmart the next person than outwork them.

Achieving Financial Freedom the Smart Way

Jamie McIntyre explains that hard work can be detrimental and is not the key to wealth creation and financial freedom. Definitely, it is as not as valuable as working smart. There are different examples including Jamie’s life that can testify that smart work pays off a lot more than hard work. By developing his mindset, he changed his fortune from a young man with too much debt to a better man with financial freedom. The changing mindset allows people to set successful financial strategies and act instinctively with the vision to create wealth.

Being Above the System

Smart work involves questioning your way out of a system created by the people who control the resources. Breaking into the group of the haves involves rising above the world system that most people fall under. Daring to be different in a responsible and positive way is a never-ending thinking process to get ahead of the pack.

Smart work is the true pursuit to happiness. Meanwhile, myopic hard work is admission of defeat. This distinction is more obvious in the 21st century than ever before. It is our choice where we want to end up.

Financial Freedom Plan

Millions of people are buried in credit card debt with rising interest rates and mortgage payments going through the roof! Without a financial freedom plan, we might even lose our homes.

Financial stress is a common topic around the dinner table all over our nation! What can we you to relieve this stress? Since most of us don’t have a rich uncle to rescue us from our financial mess, we must formulate a financial freedom plan.

First, get organized. Before starting any financial freedom plan, find out exactly how bad your debt really is. Are you at the point of bankruptcy or just need to reduce unnecessary spending?

Throwing all those bills in a drawer, forgetting they exist doesn’t count as a financial freedom plan. Every month, they just keep showing up in our mailboxes again.

One thing I have noticed is that a lot of people have what I call “magical thinking”. They complain about their debts. When I ask if they have a financial freedom plan, they say they’re waiting for their tax refund. Then they go shopping and charge more. How many different ways do they think they can spend that tax refund? Watch out for that “magical thinking”. It’s dangerous!

If you don’t at least make the minimum payment every month on your credit cards, you will soon have a more serious problem. Next thing you know, you will see those extra charges for late payments adding up and then your interest rate will go sky high! Not to mention your credit will be destroyed!

Obviously, you need a financial freedom plan. Let’s get started with becoming debt free.

First, gather all your regular bills, mortgages, credit card statements, and any other debts. Find a working pen and notebook. On the top of the page, write FINANCIAL FREEDOM PLAN.

List all your regular monthly bills on one side. Also average out your other household and gasoline expenses. Take yearly expenses and divide by 12 to determine cost per month.

This would include taxes on your house, house insurance, perhaps even car insurance. On the opposite side of the page, write down your monthly income. Subtract your total monthly expenses from your monthly income. Hopefully, the result is not a negative number! Now we are making progress on our financial freedom plan.

When it comes to your credit card debt, add all balances up to see exactly what you owe. Have you considered the possibility of doing balance transfers to a new card with a 0% internet rate for 12 or 15 months? Consolidating several credit card balances in this way could save you tons of money and reduce your stress.

If you do this type of consolidation as part of your financial freedom plan, close out those cards as soon as the balances have been paid. It is better not to keep them around and be tempted to start using them again. There will be a small fee for doing balance transfers, but it will be worth it discontinue accumulating interest and lower your monthly payments.

You may have to cut your spending to only things that are necessary. Of course, you have to put gas in your vehicle, but you don’t have to stop for fast food on the way.

Although you won’t starve, you may have to quit eating steaks once a week for awhile. One-pot meals and leftovers can save you some money. Check out websites where they offer free recipes for the budget conscious consumer. You can eat healthy and hardy for less!

Put your vacation on hold for now. Spend some quality time at home with the family. It’s free and your family will thank you for it! Instead of buying or renting movies or going to the theater, make some popcorn at home and check out what movies are on TV—perhaps play a game. Get creative!

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