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8 Secrets to Getting Wealthy

February 23, 2005

 

Secret # 1 THERE ARE NO SECRETS

 

You already know this you are just not practicing the principles correctly.  Take the time to read each of these “secrets” carefully then reflect on how you may implement them into your life.

 

Secrets # 2 THINK LIKE A MILLIONAIRE

 

Wealthy people know their greatest asset is their mind.  This is why they invest so much time and money into broadening their horizons. Millionaires seek out new adventures through travel, new ways to look at the world through books and new behaviours through coaching seminars.  The challenge for you is to develop a continuous learning motto!

 

Secrets # 3 SPEND REALISTICALLY

 

Most people live a champagne lifestyle on a beer budget.  To get rich you must learn to live below your means.  For every dollar you earn save ten cents, put this money aside for investments.  The small sacrifice you make today will bless you with financial freedom in the future.

 

Secrets # 4 MAKE MONEY DOING WHAT YOU LOVE

 

Donald Trump ghost writers sums this ideal up fabulously for him… “I don’t make deals for the money.  I’ve got enough much more then I’ll ever need.  I do it to do it.  Other people paint beautifully on canvas or write wonderful poetry.  I like making deals, preferably big deals.  That’s how I get my kicks.”

 

Secrets # 5 DON’T QUIT

 

Life is a series of challenges, which inevitably means we will at time, kick goals and at other times hit the wall. During the low times you must persist by moving forward.  Many of the world’s wealthiest people have stared down the barrel of bankruptcy but they refused to allow this to stop them achieving their life purpose.  When the chips are down keep playing the game, this is the motto of winners!

 

Secrets # 6 DON’T DO IT ALL YOURSELF

 

Learn to trust others with your interests and don’t be shy to use other people’s money to build your assets. Most millionaires have got to where they are at in life because they have surrounded themselves with people, they trust to do the task they do not have the time nor skills to pull off; while sleeping comfortably at night knowing they have heavily borrowed taking the risk to loose it all for the potential of a financially secure future.

 

Secrets # 7 INVEST SAFELY & SAVE QUITELY

 

Take the time to research your investments and don’t step beyond your emotional means – anxiety generates negative outcomes!  Seek confident advice and insist in a mix of high risk and moderate risk strategies. Have a pool of real estate assets. Why?  Because real estate has proven itself over the years to yield good returns on your investment and when times get tough it is an ‘easy’ asset to off-load.

 

Also take time to insure…interestingly enough all smart investors cover their arse with smart insurance investments to ensure if the worst happens, they do not loose everything.

 

But most of all open a high-interest bonus saver account and put a small amount of money each pay day aside into this account and just forget about it.  You will be shocked how quickly this money grows!

 

Secrets # 8 FOLLOW THE NO. 1 PRINCIPLE OF PROSPERITY

 

Be generous with your time and money. Successful millionaires know that by giving you also receive!