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By David Cameron Gikandi
Prosperity, wealth, is something that almost everyone in the world seeks, yet
find it hard to attain for some ‘strange’ reason. Money issues is what we do
much of the time, yet it is not taught in schools. When we are busy doing
marketing, web design, or any sort of work, job or business, we are simply
working on issues related to wealth and prosperity in various forms. Here,
then, very quickly and directly stated and explained, are the steps you shall
take to have guaranteed prosperity for the rest of your life:
Step 1
The first step in creating wealth is building Wealth Consciousness within
yourself. Prosperity is an inside feeling that becomes expressed on the
outside as material wealth and success. Any wealthy person will tell you that.
When you are in the presence of a truly and highly successful and prosperous
person, you can feel their calm and confident presence, a knowing that
surrounds them. This is what you should first build within yourself. And you
can do it right now. Anyone can. Without wealth consciousness, building
wealth becomes very difficult, elusive and erratic. This not a threat, it is
a reality. Wealth starts within and is evidenced outside. Your mind may tell
you "I want money now, so I want to act now, forget the wealth consciousness
bit. I don`t have the time or patience for that. Just show me how to make
money and I will". That is what most people say, and they end up working hard
all their lives with little change happening in tens of years. Life becomes a
dull rep!
eating event. You must build wealth consciousness if you wish to start
creating an exciting and glorious life and stop living a survivor`s hard life.
There is no other way. Even people who win lotteries hardly keep their newly
found wealth. Most lottery winners destroy their new wealth within a year!
Why? Because without wealth consciousness, wealth hardly hangs around.
Step 2
Once you build Wealth Consciousness in yourself, you then create wealth using
the following strategies:
1. Create multiplied independent assets and efforts: Multiply your efforts and
income by having multiple assets that work for you 24 hours a day without
needing your further involvement. You can achieve this right now, no matter
where you are.
2. Investment and growth: Take advantage of compound interest. Even one dollar
can grow to a billion dollars at a certain interest rate and amount of time.
You can never have too little to start with. You shall also see how here.
You should combine both of these two strategies. Have multiple streams of
income and investments that grow well on the long term.
Today, your financial life may be summarized as follows: all or most of your
income from your job goes to your expenses and debts. That will never create
wealth and financial freedom.
Within a few months, you can change it to look like that of a wealthy person,
which is: your income goes to build assets and investments. These investments
and assets grow that income into something bigger than it was. In this way,
your money works for you. The extra cash is then used to pay for your
expenses and build more income streams. So, you never work for expenses and
liabilities, for that will never release you. Instead you work for assets.
Then the assets work for your expenses, leaving you free to do as you wish
and to create more assets and income streams.
Multiple Sources of Income
A very important and fundamental key to wealth is multiple sources of income.
Build multiple sources of income for your life. Multiple sources of income
are your key to financial freedom. They are a manifestation of your dynamic,
free and multidimensional nature.
More accurately, make sure that each income stream is a business and not a job.
A job is something that requires you to be there for it so that it can make
money for you. A business is something that once set up, does not need you to
be there to keep going or growing. A job needs you, a business does not –
that is the difference. Some businesses are actually jobs. You may own a
business that is a job for you. It needs you to tend to it; without your
constant attention, it falls. Jobs take your time and freedom; businesses
give you time and freedom. A person with multiple streams of income from
multiple businesses ends up with free time that he or she can use to live
well and to launch more businesses if need be. Jobs never allow such
liberties of free time to diversify and be free to enjoy other aspects of life.
So, have multiple sources of income, but ensure each source is independent of
you and has been built to do well without your constant attention. If your
multiple streams of income are jobs and not businesses, they will literally
drain your life, take away your freedom, and kill you slowly. Choose well.
Love your work, but set it up so that you can be free to choose when and
where to work, or to take time off for other aspects of life.
Remember, have multiple steams of income that do not need you to be present
for them to keep producing. To have multiple sources of income, simply desire
it to be so, make it part of your goals, visualize and start buying books,
magazines and talking to people about it. The right businesses, investments
and sources will then simply start coming to you. And always keep wise
counsel. For everything, have a person who is of wealth consciousness and of
specialization in that area to advise and counsel you. Learn also to trust
your feelings but not your emotions. Follow your desires, but maintain
detachment. The fruits lie within the reaching into the unknown, not only in
attaining the goal. The reaching is the key, the thrill and the growth. The
attaining of the goal is icing on the cake. It is easy.
Investment and Growth
A major key to building wealth is in making your money work for you, instead
of you working for your money. If you work for five days in a week and spend
all your income without investing any of it, you will have forever lost those
five days of work. Forever. Wealthy people take a portion of the income from
each day and put it into investments that grow on their own, automatically
and without any further work, over a long-term period. That way, a portion of
each day that you work for money ends up working back for you for many years
to come. That is a major key to wealth, getting a percentage of your income
every day to work back for you without your intervention.
You do this by taking at least 10% of your daily income before taxes and
bills, and putting that into a long-term investment for a minimum of about
three years.
Good investments include stocks, mutual funds, certain types of bank accounts
that have high and above-inflation interest rates, real estate investment
vehicles, bonds, royalty-producing assets, self-maintaining businesses, and
so on. These investments do not require you to work for your money. You
simply invest, walk away, and your money grows all on its own.
Even one dollar can turn into a million dollars in a certain amount of years
at a certain compound interest rate. One dollar, just one dollar, can grow
into a million dollars all on its own without your intervention. You would be
pleasantly surprised to know that a single dollar placed into an investment
that grows at 20% a year will become $1 million in 75 years. That is just one
dollar! All you would need to do is leave it alone, go away, go to sleep for
75 years, just leave it alone. When you return it will be $1 million without
any effort from you, other than your placing that single dollar at the
beginning!
Now, if instead you put in a dollar every single day into the same 20% a year
growth investment, you would end up with $1 million in 32 years instead of 75.
In fact, a dollar a day would become $1 billion in 66 years at a 20% a year
growth rate. A higher interest rate would dramatically shorten that time.
This shows you that you can never have too little to start with. Whatever your
income today, force yourself into the habit of investing 10% of your income
before you pay bills or taxes or anything else. Pay yourself first – it is
your money and your life. And it gets even better. The 1990s was an era where
stocks rose phenomenally. In the 1990s decade, over 200 stocks rose by 1000%,
some by up to 20,000%. Many fell again in 2001 but on the long-term, all good
companies always rebound to even higher heights. People in the 90s invested
various amounts and found themselves wealthier for that. Some invested just
$50 a week, and if that was their 10%, that was good enough. It grew. Others
invested more. $10,000 invested just once at the beginning of 1990 in certain
stocks turned out to be valued at around $5 million by the end of the 90s.
Others turned a few million dollars into well over one billion in the same
period. All this wealth growth happened without any extra effort excep!
t putting money away into the investment.
These people were not doing anything secret – they were investing in publicly
available investments. They were investing in well-selected shares in the
stock market – and anyone can do this. You can do it as well starting now.
Just remember, choose your investments well, invest consistently, and put 10%
aside from every single paycheck or income. Consistency is the key. Compound
interest will always work for you without asking anything from you. Your only
part is to be consistent, to choose good investments, and to stay put on the
long term. Short-term investing usually does not earn as much as long-term
investing and it is usually a lot riskier.
As you can see, there isn’t much to it. It is all in the inside job and the
outside execution. You can do both of these starting today. No one is in a
position whereby they are unable to do anything. There is nothing you cannot
be, do or have, because it all starts within you and nothing outside you can
stop you. As Henry Ford once said, “Whetehr you think you can or you can’t,
either way you are right.”
David Cameron Gikandi, CEO ImagesOfOne.com
and author of the Complete Internet Marketing
Outline, A Happy Pocket Full of Money: Your
Quantum Leap into the Understanding,
Having and Enjoying of Immense Wealth
and Happiness, and more. Download these
and As A Man Thinketh, The Science of Getting
Rich and Think and Grow Rich from http://www.ImagesOfOne.com.
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