Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give.
– William A. Ward
Most people really HATE to hear about this topic. A large percentage of the time it’s because they’ve been earning and living paycheck to paycheck and barely, if at all, putting some funds away and growing their savings and investments.
How about you? If you’re truthful, what percentage of your income is being saved and invested right now? Is it enough to ensure you can buy the house of your dreams, retire when you’re ready, care for your children?
If it’s not, then why not?
Most people either haven’t been disciplined enough to invest, or they aren’t making enough to put anything away. Both responses are sad to hear, I know what it feels like to be in both of those situations.
So Let’s take on the idea of discipline first. If you’re not disciplined enough to save or invest money these days, then you’re dooming yourself to financial failure and you’re also failing to take advantage of the simple systems set in place for you to succeed. When I say “systems,” what I’m referring to are the host of automated programs that can help you put your money into saving or investment accounts without you ever even seeing it. You can set it up with your employer and financial institution so that a percentage of your paycheck goes directly into a savings or investment account. That way there’s no discipline needed; you just “set it and forget it” and your wealth grows.
Now you might be asking, “what about this idea that there’s not enough money to invest?” Two thoughts here: first, yes, there is enough. You should be saving something from each paycheck, and you should set it up to happen automatically. Even if you’re just saving $100 a month, that adds up fast with compound interest.
Second, if you think you’re not earning enough, then, frankly, there’s only one thing you can do: start adding more value! The more value you add at work or in your business, the more money you make. It’s a universal truth. And if that “truth” isn’t recognized at your current job or in your current business (i.e. “they” don’t recognize your value or brilliance and it’s “their” fault you’re not earning more money), then it’s time to find a new job or business.
How Real Wealth Is Made
Tired of the BS about making immediate millions on the internet or in real estate, stocks, classified ads, or other get-rich schemes?
I know I am.
There are wealth building secrets known by every CEO in the world, and every truly financially independent person who has ever lived.
And the secrets are not some sort of hyperbole or nonsense. They’re rooted in this one, universal truth that will change everything you think you know about building a brand or a business:
All true wealth and every great business in history was built on previously existing infrastructure.
What does that mean? Simple:
You can’t build significant wealth fast from scratch on your own.
Think about it: Every great business was built on some kind of existing infrastructure. Coca-Cola grew because the infrastructure of the distributors. Apple was originally built on (and got its clients from) the education infrastructure. Even the Internet itself grew off the infrastructure of the phone companies (how do you think the web gets to your house)?
So what’s the point?
The point is you can’t build your business, sell your products, or provide your services, or create and maintain real wealth unless you figure out how to find, tap into, and leverage an existing infrastructure.
In other words, you need to find partners (which can either be groups of people or organizations) that have the infrastructure (the resources, customers, delivery mechanisms, etc) you need in order to grow your wealth.
You can start this process right now by doing some basic research and asking questions like:
– What organizations could I work with to grow my business?
– What organizations or groups already serve my customer?
– What organizations have already figured out how to be successful and how can I learn from them?
– What organizations have the distribution or marketing platforms that could help me grow fast?
If these questions might sound oriented to just entrepreneurs, think again. If you want to add TRANSFORMATIONAL value at work, try finding both people business partners that can have a massive impact in growing your company’s bottom line. Create those types of partnerships and you’ll get paid. It’s that simple.
The Bottom Line
Look at any wealth person’s wealth building path and you’ll see they did these things: they saved, they invested, they grew their business or influence by partnering with others to serve (and sell to) more people.
Read that again. And start building your wealth today.