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Creating the Wealth Mindset


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Introduction


Being wealthy does not have to be difficult if you have the know-­‐how. In these hard economic times many people are satisfied by just getting by and scraping enough money together to pay the bills.  


Wealth and financial freedom are a far-­‐off dream for many people. For them, it means mansions, gated communities, a fast car, private parties or a pool. The truly wealthy have family names like Rockefeller or Morgan.  

It can be easy to accumulate wealth. The thing is, not everyone knows how. The twentieth century has bought a boom of first-­‐time millionaires, many of which do not come from family money. They make their first million by employing timeless wealth wisdom and secrets only the ultra rich used to know. Fortunately for you, there are dozens, even hundreds of little wealth nuggets you can easily apply to your life to expand your portfolio and double, even triple your net worth.   

Being smart with money and becoming wealthy is not rocket science, but for many it looks and feels like hard work. The funny thing is it, the fact of its very simplicity means that more and more people should know and be doing this. But they are not. This is because most people do not know how to make money work for them, not the other way around. This is also because making money involves patience and restraint. Everything about our culture advocates otherwise.  

But do you want to end up broke by the time you retire? Do you constantly fend off phone calls from creditors? Do you sigh and shake your head at your bank balance? No one wants to spend their life waiting for payday and watching money flutter away the moment bills come in the mail.  

Becoming wealthy is not just about falling into family money, inheriting a trust fund or even having a big income. In fact, many people with huge incomes rarely are truly wealthy. Huge incomes often equal huge expenses and struggling to keep your finances in the black every month does not equal financial freedom. Investing is different from spending. Someone who has a huge house or houses and a great car may look rich but may not be.  

Affluence and wealth can be hard to come by. If you are looking for secrets to getting millions or simply looking for a way to manage your money, this is it. This book will teach you the secrets of the truly wealthy and is a step-­‐by-­‐step guide on how to get there. You will learn everything from gaining financial freedom to basic investing and secret tips from business giants all over the world.


True financial freedom is only a step away, if you know how. Are you ready to start becoming truly wealthy? These 77 gems and secrets are designed to help you turn your resources, whatever they may be, into true wealth.

The wealthy think differently. This is true and an inescapable fact. The other thing is that there is a poor mindset and a wealthy one.

The rich have a different approach to life. They plan, risk and manage their money in a different manner. They also have a positive attitude towards life and opportunities. The first and most important step to true financial freedom is creating this mindset for yourself. This also involves a no-­‐holds barred, honest look at your life and assets.

Creating a starting place is as important as moving forward, so it does not matter if you start with $1 or $1,000,000. It is all about the mindset and the will to move forward to creating your wealth.


1. Redefine what wealth means for you. Being “rich” simply is a term for many people. Technically, wealth or being wealthy is defined as having an abundance of resources or possessions. The high life does not equal wealth. Having a gigantic mortgage for a beautiful home or a huge car payment does not equal wealth.

Are status symbols your end goal? Does wealth for you mean that ability not to worry about bills or how much is left in your checking account at the end of the month? Does it mean providing comfortably for your family or being free from financial worry? Does it mean the ability to afford luxury designer goods or getting a membership to the local country club? Being rich or being wealthy can also mean you enjoy a comfortable retirement.

Does wealth mean something totally different to you? Your definition of wealth goes a long way towards setting your goals.

2. Another important step when it comes to managing your wealth is to set goals. Start with an overall battle plan, such as “By the end of the year, I will have more at least $500,000 in savings.” Why? You need to be a visionary to be wealthy. A common factor that sets the millionaire apart from the average Joe is this: they know they wanted to be wealthy and they were willing to take the steps to reach their goal.

To reach one goal, you have to make smaller goals and reach them. Every little step you take, every penny you save matters. Use smaller goals as stepping stones. For example, to save that $500,000, one needs to set aside $5000 every single month, invest or cut down expenses.

3. Manifest your financial destiny by setting your subconscious towards specific goals. Create dream charts by cutting out pictures of your dream status or words that empower to help fuel your subconscious and get you

to wear you want to go. Never underestimate the power of your will and mind. Wealthy people never say they cannot do it, they think of ways so that they can.
 Write it down. Seeing what you want, and getting what you want involve seeing it in black and white.

4. Know how much you are worth. Take stock of all your assets and income and subtract your debt. Many people go through life financially blind, not knowing how much they are worth or how much they owe and often end up blindsided by money.

5. The test: Your age x (your average household income from all sources – inheritance) divided by 10 = your net worth. The rich have a net worth often double or triple the amount. The average American has less than half. The goal is to double your net worth.

6. The truly wealthy consider themselves as the foremost asset. Accordingly, they pay themselves first. They also tend to invest in themselves first, especially when it comes to education. Take classes and groom yourself to be the millionaire, entrepreneur and success you want to be.

7. Guard your ideas with the passion of the Secret Service. Commodities are now no longer limited to labor, but have expanded to include ideas, imagination and opportunities.

8. Keep in mind that the average millionaire is not who you think he is. The frugal rich stay richer—if you do not believe this, think of all those high flying celebrities who end up with their homes in foreclosure or selling their tell-­‐alls on TV to pay for all that Cristal and all those houses.
The famous IKEA owner drives a Volvo. HSBC’s chairperson famously goes around the main office turning off all the lights long after the employees have

left. The stories go on and on. The rich do not live the lifestyle of the rich—they stay rich because they are frugal misers at heart.

9. Assess your income and what you can do with it. 80% of modern millionaires were able to get there on annual incomes of $55,000 or less. Even meager savings eventually add up to thousands or millions of dollars.

10. When you look at a job, always know how much the head honcho gets paid because this will later affect your income in terms of promotion, benefits and future potential earnings. If you are gunning for a six figure salary and the current CEO is getting by on $300,000 a year, then maybe the job is not for you.

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