Wednesday, March 24, 2010

Plan Your Work, Work Your Plan - Overcome Fear

Wealth Is Relative - One definition of wealth is when someone has enough income producing assets to maintain a standard of living they desire, without having to work.

Be What You Want To Be - Before setting any goal, let’s explore our dreams. Remember when we were young, and our parents said, “you can be what you want to be, and do what you want to do, if only you want to bad enough?”

Goal-Setting - “Plan your work and work your plan.”

Emotions play a big part in wealth creation. True learning about money and finances takes energy, love passion, a burning desire, and even anger. Anger is passion and love combined. Most people want to play it safe and feel secure, thus passion does not direct them, fear does. Fear is what has killed the dreams of many to be wealthy. Fear of losing a job, fear of not being able to pay bills, fear of losing it and having to start all over again, fear of failure. People rationalize this fear and do not recognize it for what it is - FEAR. We should take this fear, put it in a bag and throw the bag away, today. Replace that fear with passion.

Not everyone wants to be wealthy, because it’s easier. They work for money rather than working so that their money works for them. Some say money is evil, they just want to be comfortable, money isn’t everything, it’s too late to start now, etc., etc., etc. What they are really doing is not recognizing their own fears, or that it is fear that drives them to work for money, spend, then work for more money only to spend that money.

Question - If it is a fact that 95% of the of the working people on earth create wealth for the remaining 5%, why would someone follow the teachings of those who are not wealthy. Answer - FEAR, or they simply don’t know any better.

The wealthy work to create income producing assets (make their money work for them). The middle and other classes create expense producing liabilities (work for money) which is the foundation of a debt-ridden society, repeating history once again.

eople on earth create wealth for the remaining 5%, why would someone follow the teachings of those who are not wealthy. Answer - FEAR, or they simply don’t know any better.

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