Financial Intelligence, Your Key To Wealth Creation

Wealth creation is one of the major desire of a greater population of our world. And inspite of the unquenchable drive in people all over the world to enjoy this wealth, it’s so sad to see many languishing in poverty. The question now is that, why has wealth creation become an illusive game to many. I made a staggering discovery about one of the major cause of financial failure in the life of many. I discovered that majority of us lack financial intelligence. Of course all over the place, every where you turn all you seem to hear talked about is financial intelligence, infact thousand of books has been published addressing this crucial aspect of life and yet the desire or quest of many never seems to come to fruition. Why?

Let me borrow a wise word from the bible that says when the foundation of anything is not layed properly then there is bound to be failure in that venture. How does these relate to our discussion, well I found out that many don’t have the understanding of what financial intelligence mean. Let us first define financial intelligence. Financial intelligence is simply an understanding of what money is and what it is not. It is knowing the difference between asset and liability. Inability to differentiate between assets and liabities has kept many in the circle of poverty. Let’s us quickly define what asset is and what liabity is. Asset simply put is something that put money into my bank account while liability is anything that takes money from my pocket.

With the understanding of asset and liability, creating wealth becomes an interesting adventure because all of a sudden you realized you are the one to determine whether you will end up wealthy or broke. It all depends on what you are acquiring today. Rich people enjoy acquiring assets like a toy while the middle class and the poor enjoy acquiring liabilities to prove what they are not. If you want to create wealth, it’s just a matter of shift in what you have been doing that is keeping you broke. It is your right to be wealthy. Go for it

Simple Steps To Creating Wealth Part 2

In my last column we discussed on various simple factors necessary for wealth creation. This will be the concluding part of the article. Let finish it

Create a Mindset of Abundance
The journey into wealth begins from the inside. Until you master the internal process of wealth creation, your dream will at most remain a dream. First you’ve got to believe you are created to be wealthy. The starting point is to believe that you are created to be wealthy by God .This is fundamental to your quest for wealth creation. Don’t allow the negative or unfavorable condition you may be right now condition your mind to believe that you are created to be poor, No!. The truth is that you ultimately become what you have believed in your mind. As a matter of fact, your present condition is an express display of your mindset but that you can change

Set specific money goals
That is the point! You have to sit down first and plan your way to wealth creation. If your goal is just to pay your rent and feed your family, there is no need to sit down first. Just any body can achieve that goal. But if your goal is to accumulate wealth, you need to sit down and plan. Unfortunately, that is the aspect many people don’t feel comfortable doing. As the late reggae legend, Bob Marley put it: “Everybody wants to go to heaven, nobody want to die. If you are serious about creating wealth, you have to be cleared about the level of wealth you want to create. You have to practically create the financial future you want now, and work backwards from it with as much clarity as possible. To your success

SIMPLE STEPS TO CREATING WEALTH Part 1

There is nothing that can not be learnt including wealth creation. It is just learning the principles involved and applying them to create the wealth you desire. Anybody who is serious enough to apply the principles used by the wealthy will obtain the same result. Principles are established laws by which all things function. Principles don’t have regards for person, tribe or geographical. Principles works for all that cares to work them. Let’s sift through these steps

Know the state of your financial health
If you are sick, the first thing anybody would do is to see their doctor to know exactly what is wrong with them. It is after this consultation that the necessary drug is prescribes to deal with the ailment. But unfortunately when it comes to our changing our financial situation, many just do anything because they want a fast relieve. Its important for us to really have a thorough understanding of our financial state before we embark on creating wealth

Take full control of your finances now!

Now let me ask you, which on is easier? To struggle to generate more income or to master how to control the money you already have in your? It is now known that it is easier to create wealth with what you already have than looking for additional revenue. And the truth is we all already have enough but we claim we don’t. Try for instance to collate how much has pass through your hand in the past one year and you will be amazed at the amount. But until now you didn’t know, of course how will you know if you don’t keep journal of what flow in and out of your pocket. Wealthy people track this daily

Determine your money route

We can’t all create wealth in the same way and from the same route. The most important thing is to determine where your passion lies and try to master the rules of creating wealth in that area. You can create wealth through investing in stocks, real estate, owning your own business or through the internet. Just understand the route you are familiar with. I will continue this exciting write up in my next article. Don’t give up

SECRET OF CREATING WEALTH THROUGH THE POWER OF GOAL SETTING

Wealth creation doesn’t just happen by accident. It happens when you set a goal to be wealthy. When you don’t have a destination, of course you end up no where. Every successful and wealthy men in the world understand the importance of goal setting. A goal is the object of your endeavor. If you really want to see things happen in your quest for wealth creation you’ve got to set goals.

The reason so many people go nowhere in life is simply because they haven’t bother to determine ahead of time where they want to go. Many like to create wealth but don’t have the slightest idea of how to or how to do it. Creating wealth requires you to have a game plan, a purpose for your life. The potential you have is not enough. The only way you will be able to enjoy the achievement and satisfaction of wealth creation is to grasp the importance of goal creation.

Friends, you can be sincere and work hard all your life and wind up poor. You’ve got to be better than a good worker. You’ve got to be better than sincere. You’ve got to be a good planner, a good goal setter in order for you to come into the class of wealth creators. Definite, specific goals will guide you, they will motivate you, they will build your confidence and self esteem, they will give you energy and power to overcome life challenges. Without a goal a person is destine for mediocrity. If you don’t have a plan to make things happen in you life, nothing will happen.

Your world will change as a result of goals and plan you conceive in your mind to create wealth. Goals are important. You must set for yourself a precise target, an amount of financial wealth you want to create or generate and a deadline to accomplish it.That is the magic secret to creating wealth through goal setting