Do You Have Any Goals For Building Wealth

Do You Have Any Goals For Building Wealth



Do You Have Any Goals for​ Building Wealth?
The money is​ out there .​
No matter how many people tell you that we are in​ the​ midst of​ a​ starvation economy, that the​ market is​ doing this or​ that, and​ that it's too risky to​ play the​ game, so to​ speak, people are getting rich every day .​
That is​ the​ reality .​
The trick, of​ course, is​ to​ become one of​ those people .​
Yeah, you might say .​
That guy was just lucky .​
What are the​ chances of​ that happening to​ me? Well, absolutely zero if​ you don't do anything about your dreams to​ build wealth .​
If you walk around thinking that you have only a​ snowball's chance of​ hitting the​ big one in​ the​ financial game, then you are right .​
That's because you are depending on chance.
Becoming wealthy is​ not about chance .​
Oh the​ guy you just read about may indeed have been lucky—but he was not just lucky .​
Because fortune favors the​ prepared mind, you have to​ lay the​ groundwork in​ order to​ take advantage of​ opportunity when it​ arises .​
You have to​ be able to​ not only recognize those opportunities, but to​ actually have the​ resources to​ take advantage of​ them.
Laying the​ groundwork involves having a​ plan for​ your financial future .​
What is​ your plan for​ building wealth?
If, like most Americans, you don't have one then, like most Americans, you will retain the​ status quo .​
But if​ you recognize that you, and​ only you, are in​ charge of​ your destiny, that is​ an​ entirely different matter .​
According to​ Robert Kiyosaki, author of​ the​ Rich Dad series of​ books, you have to​ get a​ grip on your financial philosophy .​
You don't have a​ financial philosophy, you say? Sure you do, even if​ you don't realize it .​
In his book Cash Flow Quadrant, Kiyosaki outlines the​ four philosophies as​ they were outlined for​ him by the​ man he calls his rich dad .​
You can recognize your own philosophy by noticing how you tend to​ make your money .​
On the​ left side of​ the​ quadrant, are the​ E's and​ the​ S's—the Employees and​ the​ Self-employed .​
The philosopy of​ the​ E is​ based around security while the​ philosophy of​ the​ S is​ based around doing his own thing .​
While there is​ nothing wrong about either philosophy, neither is​ likely to​ help you build much wealth.
On the​ right side of​ Kiyosaki's quadrant, are the​ B's and​ the​ I's—the Business owners and​ the​ Investors .​
The difference between a​ B and​ an​ S, Kiyosaki says, is​ that the​ B has built a​ system which he can rig to​ run itself, freeing him for​ other financial or​ personal pursuits .​
An S simply owns a​ job, as​ Kiyosaki says, and​ is​ such an​ integral part of​ the​ operation that he is​ essentially a​ prisoner of​ it .​
The company he has created is​ his baby .​
But we all know how demanding babies are, and​ if​ a​ business never matures into an​ adult that can survive without your mothering, it​ will eat most of​ your time .​
The trick, then, is​ not to​ build a​ better product .​
It's to​ build a​ product better—more efficiently with regard to​ your own resources .​
Build a​ system, not a​ job .​
Then you will have the​ money that will take care of​ your personal needs and​ allow you to​ invest .​
If you already have loads of​ money to​ work with, then you can go ahead and​ jump right to​ the​ I​ quadrant—after investing in​ your own education and​ learning how it​ works .​
Investing is​ risky if​ you jump in​ blind, but if​ you know what you're doing, it​ is​ a​ whole different matter.
So lay the​ foundation with education and​ then build your wealth as​ though you were constructing a​ structure .​
Don't skimp on materials, but instead do it​ methodically .​
Eventually you will find yourself staring at​ an​ impressive building that will help you weather any storm.




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