Creating wealth quickly and feeling the freedom that comes from abundance is probably something that you think of often. The desire to have all your bills paid, money to do what you desire as well as know that your financial future is secure is something that we all want. We want things and we want to give the people that we love a better life and a bright future. We want to leave something behind to be remembered by whether it be a charity in our name or children that have grown up to be strong and wise. We all want a better life for ourselves and the ones we love.
Creating wealth quickly is a relative term but here lies the problem. Many people are so wrapped up in creating wealth quickly that they give up before they even begin. They see little or no progress because they are unwilling to commit to creating wealth in their life. They would prefer to sit on the couch at night, watch TV and dream about being wealthy. They are resistant to change, even if it is short term change to achieve a goal such as financial freedom that might be reached in a year or two.
First, pay off as much debt as possible. If you are living paycheck to paycheck or you find that you're simply not getting ahead, debt might be the problem. Having a plan to pay off all your debt from the smallest to the largest debt should be your goal. Interest payments are a bill that you don't want to be paying every month. That money can be used for other things. It's your money, after all. Wouldn't you rather hold onto it?
While we are all very busy with life these days, all of us have a few hours of spare time at night or on the weekends that we could leverage to start a small business. While you might think that getting a part time job would be a better solution, it's difficult to find a part time job where you're the boss. Choose to build your business around something that you enjoy doing and you have some talent with. Maybe you have a hobby or an interest that you wish you could flourish into a hobby. This is your time to get very involved in this hobby.
Perhaps you have an interest in cars or computers. You could turn this interest into a business by offering services or writing a book. Maybe you enjoy cutting grass and working around the yard. You could start a small landscaping business. You might say that you don't have the time for all of this or that you enjoy your weekends too much to give them up to build a small business. This is the common attitude many people have and all they can see is more work and the absence of freedom. Don't worry. The good part is coming.
While anybody can start a small business and make it somewhat profitable if they are talented at the business that they are focused on, growing a business is often another story. Being able to grow your business so it provides a substantial income requires diligence and strength. You will be tempted to spend the money that you make. A wise investor and businessman invests his profits back into his business. Investing in advertising and hiring some part time help, at first, will help you to quickly scale your business into a thriving monster in no time. Soon you'll need more help and employees as your business grows exponentially. As your business grows you can either bring on a partner or hire a manager to take care of running the business when you wish to enjoy life or live that life of financial freedom that you dream of.
In addition to expanding or growing your business, it is wise to invest in other revenue generating vehicles. You can either start another business or invest some of your profits into stocks, bonds, precious metals such as gold or any other investment that you are familiar with and feel comfortable with. Plan your investments to work together with your financial goals. Pick both long term and short term investments that will give you the flexibility to reap rewards quickly as well as those investments that offer tax benefits and long term earning potential for later on in life.
As you can see, by lowering your debt and creating more profit in your life over the next year or two, you can turn your life from one of existing into one of financial abundance. Be ruthless with yourself during this time. There will be days when you want to forget about this idea. It is those days when you need to be strong and stern with yourself. Your financial future depends upon it and the sooner you get to work the more quickly you are going to be able to create the kind of wealth you dream of.
Creating wealth quickly is a relative term but here lies the problem. Many people are so wrapped up in creating wealth quickly that they give up before they even begin. They see little or no progress because they are unwilling to commit to creating wealth in their life. They would prefer to sit on the couch at night, watch TV and dream about being wealthy. They are resistant to change, even if it is short term change to achieve a goal such as financial freedom that might be reached in a year or two.
First, pay off as much debt as possible. If you are living paycheck to paycheck or you find that you're simply not getting ahead, debt might be the problem. Having a plan to pay off all your debt from the smallest to the largest debt should be your goal. Interest payments are a bill that you don't want to be paying every month. That money can be used for other things. It's your money, after all. Wouldn't you rather hold onto it?
While we are all very busy with life these days, all of us have a few hours of spare time at night or on the weekends that we could leverage to start a small business. While you might think that getting a part time job would be a better solution, it's difficult to find a part time job where you're the boss. Choose to build your business around something that you enjoy doing and you have some talent with. Maybe you have a hobby or an interest that you wish you could flourish into a hobby. This is your time to get very involved in this hobby.
Perhaps you have an interest in cars or computers. You could turn this interest into a business by offering services or writing a book. Maybe you enjoy cutting grass and working around the yard. You could start a small landscaping business. You might say that you don't have the time for all of this or that you enjoy your weekends too much to give them up to build a small business. This is the common attitude many people have and all they can see is more work and the absence of freedom. Don't worry. The good part is coming.
While anybody can start a small business and make it somewhat profitable if they are talented at the business that they are focused on, growing a business is often another story. Being able to grow your business so it provides a substantial income requires diligence and strength. You will be tempted to spend the money that you make. A wise investor and businessman invests his profits back into his business. Investing in advertising and hiring some part time help, at first, will help you to quickly scale your business into a thriving monster in no time. Soon you'll need more help and employees as your business grows exponentially. As your business grows you can either bring on a partner or hire a manager to take care of running the business when you wish to enjoy life or live that life of financial freedom that you dream of.
In addition to expanding or growing your business, it is wise to invest in other revenue generating vehicles. You can either start another business or invest some of your profits into stocks, bonds, precious metals such as gold or any other investment that you are familiar with and feel comfortable with. Plan your investments to work together with your financial goals. Pick both long term and short term investments that will give you the flexibility to reap rewards quickly as well as those investments that offer tax benefits and long term earning potential for later on in life.
As you can see, by lowering your debt and creating more profit in your life over the next year or two, you can turn your life from one of existing into one of financial abundance. Be ruthless with yourself during this time. There will be days when you want to forget about this idea. It is those days when you need to be strong and stern with yourself. Your financial future depends upon it and the sooner you get to work the more quickly you are going to be able to create the kind of wealth you dream of.
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