Wealth Knowledge

Wealth Knowledge



Wealth Knowledge
What is​ wealth knowledge? It is​ knowing how money is​ made, and​ how wealth is​ protected .​
It isn't really a​ secret .​
In fact, there are hundreds of​ books out there that spell it​ all out for​ anyone willing to​ pay a​ little bit .​
The problem is​ that the​ essential truths are not popular with those who want to​ get rich easily.
Wealth Knowledge - Creation of​ Wealth
The first thing to​ understand if​ you want wealth knowledge, is​ that wealth is​ created .​
It isn't shuffled around from person to​ person depending upon who is​ trickier .​
There is​ more wealth on the​ planet now than ever before, and​ more being created every day .​
No one has to​ get poorer for​ a​ man to​ become wealthy.
Start to​ recognize and​ understand the​ ways in​ which value is​ created .​
This is​ the​ basis of​ your own financial enrichment .​
You have to​ create something of​ value to​ others, and​ that is​ how you really make money .​
Any other way of​ making money is​ fragile, probably unethical, and​ likely temporary.
In the​ business of​ property flipping, for​ example, it​ may appear that there is​ no value created .​
Buy a​ fixer-upper for​ $120,000, sell to​ another investor for​ $130,000 - where is​ the​ value you created? In the​ application of​ your knowledge of​ values, how to​ find properties, and​ how to​ structure deals .​
You put a​ neglected property into the​ hands of​ someone who will renovate it​ and​ make it​ a​ nice home for​ some family.
Think first of​ how you will give people what they need and​ want .​
In any business you'll make more money finding ways to​ solve other peoples problems than in​ finding ways to​ get paid .​
There are always enough ways to​ get paid if​ you create enough real value.
Wealth Knowledge - Habits of​ Wealth
A wealthy person is​ different from a​ poor person .​
No, he or​ she doesn't have different feelings, or​ even a​ superior character .​
What makes the​ wealthy different is​ what they consistently do .​
Wealth knowledge is​ in​ knowing what habits to​ cultivate.
Debt is​ a​ means to​ buy toys for​ most people .​
Put another TV on the​ credit card .​
It isn't that wealthy people avoid debt .​
They have much more usually .​
The difference is​ that they use debt to​ invest, to​ generate more wealth .​
The next time you borrow any money, do it​ to​ buy income producing real estate, or​ to​ start a​ business.
Wealth knowledge is​ about knowing what pays you the​ most for​ your time .​
Discover that, and​ do those things more .​
Make it​ a​ habit .​
Just spending two hours to​ re-arrange your banking, might make you hundreds more in​ interest over the​ years .​
Does your job pay you $100 per hour? Those you sell real estate know you can make several times as​ much for​ the​ same time selling $300,000 properties as​ selling $30,000 lots .​
Why not concentrate on working where the​ money is?
Everything gets easier as​ you do it​ more .​
There are tasks that you want to​ avoid, but are important to​ your financial future .​
It's tough to​ get motivated to​ do them .​
Get in​ the​ habit of​ starting each day with these most difficult tasks, though, and​ it​ gets easier .​
Of all the​ things you need to​ learn and​ do, developing good habits is​ the​ key to​ wealth knowledge.




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