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Informative Articles

Investing and the Fear of Regret and Greed
Discipline can be simply defined as your ability to follow your investing and trading plan. Discipline is a rather simple concept. You just need to define what, when and how you want to trade and manage it. You also need to decide how to handle...

Living Trust Investing: Income Considerations When the Grantor Dies
A common problem I often see when working with living trust beneficiaries and trustees is the lack of attention in rethinking income strategies in the event of the grantor's death. When the grantor of a living trust dies, the trustee (especially...

Oil and gas investing
Oil and gas investing can come with a high risk if you are looking for high returns. Oil and gas investing can give you huge returns - but it can also be a risk, depending on how you choose to invest. Make sure you know the risks associated with...

Take Away Power For Real Estate Investing
As a real estate entrepreneur, you must decide to learn the secret power associated with the takeaway. Maybe, you've already used it before. You may have used it and didn't even know it. Regardless, this method is a powerful trigger that will...

The Seven Deadly Tax Sins: Commonly Missed Deductions
It's that time again, the April 15 tax deadline is looming large. If youre like most people, you havent gathered all of your tax records, let alone filled your return. Before you dig in and get started, take this opportunity to first review a...

 
Don’t Work for Your Money, Make it Work for You!


Well, the New Year is around the corner and so are New Year’s Resolutions! It’s such a great time of year to consider what the past year has brought us and what we want to create in the coming year.

To help you get started thinking about the coming year, we are publishing a series of articles on top wealth creating habits. This series of articles will feature simple and practical ways that you can begin easily creating wealth in your life, no matter what your current situation. Ready? Let’s dive in!

Chances are, if you’re reading this article, you’re not wealthy yet. Chances are also that you are an employee, working for someone else, or you are a business owner but your business has not yet made you wealthy. In either case, haven’t you dreamed of being a wealthy business owner, whose business generates continuous wealth and income? Most of us have…but most of us also run up against the brick wall of not knowing how.

The best way to get started becoming a business owner with very productive employees is to get a business and hire some great employees. Now, most of us aren’t able to do that overnight, or we would have done it already, right? Wrong!

If you consider your money (assets or cash) as your employees, then you are an instant business owner. Voila! Think about it. When you invest your money or apply it toward a productive entrepreneurial venture, your money works just as hard to produce an income as you do when you go to your daily job. In fact, it works harder than most employees do – money has no family or personal problems and doesn’t argue with you. When you put what available money you have to work for you, you are now a business owner with employees (your money). When you realize that money has the potential to work just as hard as you do, then you’ve just enlightened yourself with one of the top wealth creating habits!

Now, to get a productive business that earns a good return for you, you need to keep adding “employees” to your business by saving

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your money and investing it. Whether it’s a dollar or twenty dollars, every “employee” counts. The wealth creating habit you want to cultivate in this regard is to save and invest your dollars rather than spending them on things that will give you short term pleasure but no long term benefit. Remember that every dollar you turn into an “employee” rather than spending in the moment will work for you for the rest of your life! Think about that the next time you feel tempted by some new trendy thing you’ve just got to have!

How can you get started on building this wealth creating habit in your life? It’s easy. At the beginning of each day, spend a few minutes experiencing what it would be like not to have to go to work every morning, but to be able to choose whether you want to work or not. During the day, as you are faced with spending choices, bring that experience back into focus to help yourself choose wisely. At night, keep a journal of your spending decisions for that day and note what percentage of the time you chose wisely. Your goal? To increase that percentage gradually to 100%.

Most experts say that it takes 21 to 40 days to create a solid new habit. That’s not long when you think about it. All you have to do is get started – now. Good luck!

Stephanie Yeh is deeply committed to the study and experience of prosperity and to helping other people achieve and experience prosperity. With the help of a strong 15-year network marketing business, Stephanie and her partner have helped many people achieve their prosperity goals. Her current project, the Journeyman Wealth Program, is aimed at helping 15 people a year fully achieve their dreams. Stephanie’s Prosperity Abounds website works on the basic principle that “You are the creator of your own reality!”. Get more details on her website at http://www.prosperity-abounds.com.


info@prosperity-abounds.com