Wealth Secrets - 5 Widely Used But Little Known Wealth Secrets
Have you followed the wealth building path to nowhere, over and again? Have you put your faith in money making ideas only to be disappointed in the outcome? Maybe you haven't even attempted to start building your wealth for fear of failure.
No matter the case, you'll want to pay close attention to what I'm about to share with you.
Wealth Secret #1 It's OK to begin with what you have and you have permission to begin building wealth immediately.
Now, while that may not seem like a "secret" on the surface, it absolutely is.
The reason is that most people think that they must have lots of money to begin investing and building wealth.
Nothing could be further from the truth.
Use what you currently have available to you and force it to begin earning interest for you.
Wealth Secret #2 Avoid negativity of nay-sayers.
Do you ever notice that people are quick to give you advice on investing when they themselves have little to no experience in investing? Truth be told, they likely want you to fail because they failed.
Remove those negative people from your life (if at all possible), educate yourself on proper investing and begin growing your wealth.
Wealth Secret #3 Insist on security of your investment.
The details of this wealth secret far exceed the scope of this article, but suffice it to say that you absolutely must have security on your investment in order to insulate yourself and lessen your losses.
Paper investments such as stocks and bonds are not secure.
Real estate (for example) is secure because it is tangible and will retain a constant, and generally appreciating, value.
Wealth Secret #4 Maximize your investment by seeking the highest possible return on your money.
Do not settle for poor returns such as bank certificates of deposit.
Regardless of what you've been conditioned to believe, you can find investment options that are secure and return at least 8-12% consistently.
Wealth Secret #5 Maintain consistent positive returns.
Sound too good to be true? It isn't.
There is no reason to accept investment losses.
Using secure and higher return investments virtually eliminates the chances of losing your money.
By not insisting on security of your investment as stated above, you're placing yourself in jeopardy of losing money, and that is counter to amassing wealth.
No matter the case, you'll want to pay close attention to what I'm about to share with you.
Wealth Secret #1 It's OK to begin with what you have and you have permission to begin building wealth immediately.
Now, while that may not seem like a "secret" on the surface, it absolutely is.
The reason is that most people think that they must have lots of money to begin investing and building wealth.
Nothing could be further from the truth.
Use what you currently have available to you and force it to begin earning interest for you.
Wealth Secret #2 Avoid negativity of nay-sayers.
Do you ever notice that people are quick to give you advice on investing when they themselves have little to no experience in investing? Truth be told, they likely want you to fail because they failed.
Remove those negative people from your life (if at all possible), educate yourself on proper investing and begin growing your wealth.
Wealth Secret #3 Insist on security of your investment.
The details of this wealth secret far exceed the scope of this article, but suffice it to say that you absolutely must have security on your investment in order to insulate yourself and lessen your losses.
Paper investments such as stocks and bonds are not secure.
Real estate (for example) is secure because it is tangible and will retain a constant, and generally appreciating, value.
Wealth Secret #4 Maximize your investment by seeking the highest possible return on your money.
Do not settle for poor returns such as bank certificates of deposit.
Regardless of what you've been conditioned to believe, you can find investment options that are secure and return at least 8-12% consistently.
Wealth Secret #5 Maintain consistent positive returns.
Sound too good to be true? It isn't.
There is no reason to accept investment losses.
Using secure and higher return investments virtually eliminates the chances of losing your money.
By not insisting on security of your investment as stated above, you're placing yourself in jeopardy of losing money, and that is counter to amassing wealth.