Wealth Creation Rules to Live By

24 Jun Wealth Creation Rules to Live By

Have you ever wondered why money comes so easily to some people, yet others seem to struggle for every penny they earn? The difference between the two types of people often lies in how they think about money and wealth. Here are some wealth creation rules to live by to help you become one of those who will always have more than what you need, instead of someone who never has quite enough.

Change your money mindset.
How you think about money and wealth is the single most important factor that determines whether you’re wealthy or not. If you hold any wrong beliefs about money, or believe that you don’t have enough, that thinking can hold you back from ever becoming wealthy. Instead, recognize the power that your thoughts have over the money in your life and embrace it. A good book to read to help you change your mindset about money is Napoleon Hill’s Think and Grow Rich. This book explains how your way of thinking can make you wealthy, or keep you from experiencing the riches you desire.

Be optimistic about wealth.
Money is important in our society. Not having enough can be a very scary thought. But instead of being fearful of money, be optimistic. Visualize yourself having enough money to pay your bills and enjoying the finer things in life. What would it feel like to have a certain dollar amount in your bank account? Focus on that image and keep it foremost in your mind.

When you’re optimistic about wealth instead of being afraid of not having enough, you’ll be on the path to overcoming adversity and creating wealth.

Be willing to take risks.
Realize there is some risk involved in creating wealth, but that anything worth achieving is worth the risk. Some people never experience the fulfillment they crave because they’re afraid of failing. Failure isn’t something to be feared. Instead of procrastinating and being afraid of failing, plan your actions carefully so you will be prepared no matter what happens.

Take action.
Take action where your money is concerned. If you’ve been waiting for wealth to come along and find you, it’s time to start taking action to create wealth instead. If you own a business, be prepared to work harder and offer better services. Take positive steps that will help you create wealth.

Invest your money wisely.
Make your money work for you. The wealthy don’t keep their money in savings accounts. To protect the money you have and ensure it continues to grow, it should be investeted in a fund that’s well-balanced between safe investments and risks. This is how the wealthy use money to create more wealth.

When you develop the right mindset toward money, take smart actions, and manage your money wisely, you will become a person who creates wealth and stop being someone who is afraid of not having enough.

Tomorrow I’m going to more in depth about mindset because I truly believe it is one of, if not the, most important key to attaining wealth.

Do you believe that you will achieve financial freedom? Have you set a date as to when you’ll reach it?  Have  you made specific plans on how you’re going to attain it?  Are you facing any obstacles in particular that you’d like me to address in my blog?  If so, let me know in the comments below.  I’m happy to respond.

4 Comments
  • Deb Augur
    Posted at 01:44h, 25 June Reply

    Hi Loral,

    I’m so glad you decided to take part in the Mini7 blog challenge. This is a really great post and I look forward to your post tomorrow about mindset. I think a lot of people have a problem with that, and I must admit, I have a tiny dilemma with that myself! LOL.

    And… Happy Birthday!

  • Karen Wilson Wehrle
    Posted at 06:05h, 25 June Reply

    I love this topic so much. Can’t seem to get enough. You’d think I’d be richer with so much interest in money, money mindset and such. I’m so glad you’re doing this series. You’re the second person today to tell me I need to take action. Well now. Message received! Thank you.

  • Connie Ragen Green
    Posted at 14:46h, 06 July Reply

    Loral,

    I went from living paycheck to paycheck to being able to now live year to year. I made a conscious effort to change my thinking, always follow through with what I started, and to surround myself with positive people. It wasn’t easy, but it sure was worth it. I continue to learn and study to make even more changes to my thinking and my life.

    Connie Ragen Green

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