Most of us know how to earn money through hard work, but hardly know how to multiply it. Self-Made Wealth gives you the knowledge on how to multiply it. You need special knowledge on where to invest, what you have earned, so that in the long run you can build your wealth.
Wealth building starts with financial planning and financial planning begins with goal setting. Without a solid focus and a list of goals, you will never be able to accomplish what you'd like. The first step to wealth building is to come up with a list of goals and set priorities for each goal. You'll still be able to reach your most important goals if something unexpected happens. Goals should be very specific and quantified in numbers if possible..
Most people are of the opinion that wealth = money and without both there lives will be of a less importance. But wealth is actually more than money. There are three important components to wealth with each component been the fundamentals that are required to achieve success. Wealth, Health and Wisdom are the three categories required to start the road to building wealth.
If one of your goals is to have one million dollars of net worth by retirement one option is to put $300 a month into your 401k plan and choose S&P 500 stock market index fund. If you're 35 years old now and plan to retire at age of 65, you'll gave exactly one million dollars 30 years from now assuming the SP index repeat itself in performance at the rate of 10% return.
Health is the main ingredient for living and a healthy mind can allow us to invest wisely. I am not saying that if you go on a diet to loose weight you will become wealthy but you need to be healthy to allow the mind to make rational decisions on investing but more importantly it is better to be healthy to live longer and spend the wealth that you have accumulated. Before you can begin to build wealth you must understand the purpose or reasons as why you want to be wealthy. For some people building wealth can be a short term to buy a better home or car, for others it will be long term to set them up for retirement.
The session summaries can be downloaded and there are exercises available for the members which will help the members to start building their wealth if they start practicing it. Features to interact with other members of the program are also available. Videos and audios in MP4 and MP3 formats are available which are helpful to you even on the move. A few bonuses are also added so that you get more value for the money spent on this Self-Made Wealth program.
Wealth building starts with financial planning and financial planning begins with goal setting. Without a solid focus and a list of goals, you will never be able to accomplish what you'd like. The first step to wealth building is to come up with a list of goals and set priorities for each goal. You'll still be able to reach your most important goals if something unexpected happens. Goals should be very specific and quantified in numbers if possible..
Most people are of the opinion that wealth = money and without both there lives will be of a less importance. But wealth is actually more than money. There are three important components to wealth with each component been the fundamentals that are required to achieve success. Wealth, Health and Wisdom are the three categories required to start the road to building wealth.
If one of your goals is to have one million dollars of net worth by retirement one option is to put $300 a month into your 401k plan and choose S&P 500 stock market index fund. If you're 35 years old now and plan to retire at age of 65, you'll gave exactly one million dollars 30 years from now assuming the SP index repeat itself in performance at the rate of 10% return.
Health is the main ingredient for living and a healthy mind can allow us to invest wisely. I am not saying that if you go on a diet to loose weight you will become wealthy but you need to be healthy to allow the mind to make rational decisions on investing but more importantly it is better to be healthy to live longer and spend the wealth that you have accumulated. Before you can begin to build wealth you must understand the purpose or reasons as why you want to be wealthy. For some people building wealth can be a short term to buy a better home or car, for others it will be long term to set them up for retirement.
The session summaries can be downloaded and there are exercises available for the members which will help the members to start building their wealth if they start practicing it. Features to interact with other members of the program are also available. Videos and audios in MP4 and MP3 formats are available which are helpful to you even on the move. A few bonuses are also added so that you get more value for the money spent on this Self-Made Wealth program.
About the Author:
Frank Miller has a Debt Consolidation Blog & Finance, these are some of the articles: Hard Money Lenders - "No Money Down" The Easy Way You have full permission to reprint this article provided this box is kept unchanged.
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