The Shocking Truth About Transforming Debt Into Wealth

Are you tired of living month to month, paycheck to paycheck? Do all of your financed purchases pale in light of the debt you obtained to acquire them?
How would you like to learn how to go about transforming debt into wealth? It can be done, with discipline, a change in habits, and a solid plan.
First, discipline. You need to decide for sure that this is what you want to do. You don't want to be a slave to debt any more.
You want to tell your money what to do for you, rather than having your debt tell you where to put your money. Remind yourself of these things, and it will be much easier to maintain your self discipline in eliminating debt and becoming truly wealthy.
Second, habits. This is a biggie. This is where your friends and family and society in general will think you are completely off your rocker.
You have to stop spending money you don't have. This means no credit card purchases (cut those suckers up!), no financing automobiles, and no personal loans.
You'll find on your journey of transforming debt into wealth that the truly wealthy don't use these things.
You can do this, and if you do this for some time, not purchasing anything that isn't a strict need or specifically allotted for on your budget, in a few short years, you will have the CASH to buy what you want and need, and you will wonder why you ever thought you had to have credit in the first place.
Third, a plan. Your plan is key. Going straight to cash is step number one. (Did you cut up those cards yet?)
Step two is working out a budget. The budget is a comprehensive listing of every single category in which you spend money, spelled out at the beginning of a pay period, before you spend a dime.
You need to tell your money where to go, not the other way around. Pay your bills, and put money in savings to save up for annual expenses like car tags and homeowner's association dues.
Put all spending money in envelopes, labeled for their purpose. (e.g., groceries and personal care products, gasoline, gifts, eating out, medical, etc.)
And now you're on your way to transforming debt into wealth. Get rid of the debt, and you'll have your wealth!

By Brittany Shawnee

Wealth Principle - Put Yourself In A Critical Condition

There is a famous saying by Donald Trump, "As long as you're going to think anyway, you might as well think big." So, make sure that you have a big or monumental goal. It is very natural then, that later on you will eventually ask yourself: "How do I achieve this big goal?"
Our brain plays an important role when we set our goal and formulating plan to achieve it. It is important to note that when our brain is given a choice to do something or to put it off, we will always be pulled towards the more comfortable path, especially if the goal is so difficult to achieve. However, when we have no choice but to do something no matter how big it is, our brain will start taking us seriously and we will always find a way!

Therefore, to ensure that you achieve your big goal successfully, you must put yourself in a critical condition where you have absolutely no choice but to achieve the goal. You put yourself on the line where there is no doubt that the only option is to succeed. You focus on success, you think success, you breathe success, and you dream success. As Benjamin Disraeli said, "Life is too short to be small."
Many successful individuals created the results they did because they simply had no choice. They put themselves in critical condition (their future was at stake) and this action eventually led them to successfully achieve their goals!
Likewise, you must know what is worth dying for. Spend some time reflecting this: "What in life would I not be able to stop doing, no matter what the consequences were?"
You must ensure that your goal is STAMPS: Specific, Time-limited, Action-oriented, Measurable, Purpose-driven and Stretching.

· Specific. The goal must be clearly spelled out.
· Time-limited. The goal must have a time frame and deadline which will force you to watch and put your best efforts to fulfill.
· Action-oriented. The goal must inspire action.
· Measurable. You must be able to measure the goal so that you have the idea in expressing it using figures of measurement.
· Purpose-driven. The goal must be reasonable, i.e. it has a strong "Why" behind it.
· Stretching. The goal must be very challenging, something which pushes you and yet is achievable.
The following five strategies can be used to put yourself in a critical condition to ensure that you achieve your big STAMPS goal:
1. "Burn the ships."
You put everything you have on the line. Of the five strategies, this is the most daring strategy because the stake is very big.
In 1519, Hernan Cortez sailed his fleet of 11 ships from Spain into the harbor of Vera Cruz, Mexico, bringing with him soldiers, sailors, and horses. He landed in Mexico on 4 March 1519. Cortez did not want his troops to have any doubts about their mission, so he gave the order to "burn the ships" to make retreat impossible. His men no doubt understood that Cortez was very serious about this mission and really wanted results, and they had to focus on victory.
When I quitted from my profession to start internet business, I was tempted to go back to my old job when I did not see any money yet. However, I realized that if I did not "burn my ships" then I won't fight very hard to succeed in this internet business.
2. Set a monumental goal.
You deliberately set a highly challenging and monumental goal with adequate time limit so that you will be forced to take a lot of thinking and efforts to achieve it. According to Tom Hopkins, "You can't rest unless you set goals that make you stretch." Remember, however that there is nothing courageous about boldly saying that you will successfully do something without the capacity -- the skills or the resources -- to do it.
In 1508, Michelangelo, the famous artist, was summoned by Pope Julius II to work on a painting project, which involved painting a dozen figures on the ceiling of Sistine Chapel, a small chapel in the Vatican. Once Michelangelo agreed to do the job (albeit reluctantly), he poured himself into it. He expanded the scope of the project to include more than 400 figures and nine scenes from the book of Genesis. He spent four agonizing years sweating in physical distress -- his neck, shoulders and back ached, and his vision was damaged -- as he worked to paint the Sistine Chapel's ceiling and produced a real masterpiece.
What is your monumental goal in your financial? How much are you going to be worth in 2010?
3. Make a public declaration of your goal.
You make your goal and plans public, so that you will be more committed to following through with them. Thomas Edison called a press conference to announce his good idea for an invention. Then he would go into his lab and invent it.
Who should you declare your goal to so that there is no way you will back down?
4. Get other people involved in the process of attaining your goal.
You share your goal with some close friends or relatives, those who will be supportive to you. This will force you to be committed to achieve your goal, and at the same time enable you to get valuable support, advice and information from them. According to Tennessee Williams, "Life is partly what we make it, and partly what is made by the friends we choose."
5. Make a financial commitment on your goal.
You set your goal associated with financial commitment, such that it will hurt you not to do it. What is the extra money you are committed to make or to spend? When it comes to real commitment on money, people tend to be more serious and determined, and put their thought and actions wholeheartedly. As Voltaire properly put it, "When it's a question of money, everybody is of the same religion."
By putting yourself in a critical condition, you put yourself on the line and tell yourself that the only option is to succeed. Failure is not an option regardless of the immense obstacles. You force your mind, body and soul to focus your efforts, play all-out to achieve your big goal successfully and pay the price to reach it.
Make a solemn commitment in your heart to achieve your goal. Commitment is the inner strength that keeps you pressing on when everyone else tells you to give up and getting up no matter how many times you are knocked down.

By Tessie Setiabudi

The Millionaire's Mindsets And Habits

If you observe genuinely rich and wealthy people, you will notice that truly wealthy people share and adopt similar mindsets and habits.
When I refer to millionaires or wealthy people, I am not to referring people who have large amounts of money in their bank account or people who have amassed large fortunes or assets.
I am referring to people who possess the millionaire's mindsets and habits. These mindsets and habits can be said to be more invaluable than any current assets or fortune.
They are the reason why and how rich and wealthy people are able to create the wealth they have now. It does not matter where you are starting from. You can be a millionaire now or you could be having nothing to your name at the moment.
Having acquired the millionaire's mindsets and habits, creating wealth is simply an everyday thing, a part of life, not something you struggle to attain.
The question is, have you acquired these mindsets and habits?
Introducing you to the...
MILLIONAIRE'S MINDSET
Millionaires Take 100% Responsibility for their:

Emotions
Communication
Results
Wealth

Millionaires believe: For Things to Change, I Must Change First
Here's the opposite mindset of a millionaire:
VICTIM MINDSET
Here's what victims do:

Give EXCUSES
BLAME Everyone Else
Go into DENIAL
COMPLAIN All the Time
JUSTIFY their Actions

Are you playing ABOVE or BELOW the Line? You decide which category you fall in. No one but only you can decide for yourself
Next we come to HABITS.
What do habits have to do with wealth creation and becoming wealthy you may ask? Let me be honest and upfront with you right now. Being rich & wealthy is a process; it is actually a journey filled with a set of principles. That is where this sets of habits come into place. If you cannot even master these 10 habits, forget about becoming wealthy. It could be too arduous and tiring for you.
Here are the 10 wealth habits

Do More Than Expected
Be Proactive - Make things happen
Delayed Gratification - Invest more than you spend
Do What You Love
Constant and Never Ending Improvement
Make it a Must - Put Yourself On The Line
Have Integrity
Have Discipline - Stick To Your Rules
Play Win-Win
Turn Failure into Feedback

Make these mindsets and habits a part of yourself. In this way you are in fact investing in yourself. When you start investing in yourself, you will begin to expand. Through self improvement and expansion, these internal resources will enable you to generate the riches and abundance in life.

By Wei Chung Kay

Tested Wealth Creation Techniques

There are several wealth creation techniques you can utilize to begin creating the wealth you desire. We live in America the land of the free and the home of the opportunity. So why is it if we have so much opportunity available to us to create the American dream, so few people utilize wealth creation techniques to create a better life. Many people are content holding an eight hour job and end up living paycheck to paycheck.
Only 3% of our society is actually living the American dream, and have the courage to follow and set their goals. While the other 97% live day to day just living their days like zombies without goals and not utilizing wealth creation techniques. When you begin thinking about creating wealth and using wealth creation techniques, opportunities will begin to expose themselves to you. You must be willing to take action on those that present themselves to you. People who create wealth through wealth creation techniques and follow their dreams have been willing to take some risks in their lives.
Without some sort of risk, we can never accomplish anything great and worthwhile. I bet you have never heard of a successful person who was not willing to take some sort of risk. when you take risks to create the life of your dreams, you are not just taking an uneducated risk. You will take the time to explore the opportunities that present themselves and have time to decide if they are the right ones for you. However you will not want to get stuck in analysis paralysis because this will prevent you from moving forward and you will never get anywhere.
Wealth creation techniques do not have to be full of risk. You can find an opportunity that will let you spend more time with your family and the ability to make a better life than you presently are living. Yes you can have anything you desire and if it is more wealth that you desire; there are several ways to tap into the wealth of the universe to experience more. You can provide service to others and receive payment for it.
While you are pursuing these wealth creation techniques you can maintain your day job. This will help keep the stress off of you so you can focus on prosperity and keep your mind off of "lack." It will also minimize your risk taking and the reward that you will experience will pay off huge.
So next time do not be afraid to follow your dreams and always believe that you can create the life you desire. Do not be scared to follow your dreams. Yes sometimes we may not reach our goals that we set for ourselves, however the more often you set goals and have the belief and the faith that you will reach any goal that you set for yourself you will begin to reach all your goals.
Wealth creation techniques are just a way for you to begin living a life you truly deserve, you deserve to go after your goals, so let's begin today.

By Susan Velez

Wealth Creation – 3 Hot Tips Anyone Can Use To Create Wealth

Anyone can create wealth, it’s just that some do it better than others, because they follow some simple rules.
While there are stories of people being innovative or being lucky, this is not the norm of people who build wealth.
It’s easy to create wealth, but you need to follow three simple tips and if you do chances are you will.
So, here are your 3 essential tips for wealth creation.
1. Do it yourself
No one else is going to do it for you. Forget people who sell you books and ideas on MLM, gambling, finance or any other scheme where you pay a dew hundred dollars for unlimited wealth.
People want an easy way and end up disappointed buy these schemes and you will end up creating wealth for the person who sold you the scheme and not create wealth for yourself.
Wealth creation is all about having some capital and putting it to good use i.e make it grow.
Whatever scheme you choose for wealth creation, think for yourself and make your own mind up and don’t blindly follow others.
2. You Need To Work Smart NOT Hard
Lots of people work hard but this hard work does not result in wealth creation and there is correlation between the two.
The fact is, if you want to make money you need to work smart NOT hard and there is a big difference.
Working smart means simply being able to spot an opportunity and act on your own judgement, in an area that offers you good risk reward.
3. Understand Speed & Compound Growth
Most people are in to much of hurry to create wealth and want to do it over night and quickly.
The result is, they take to much risk and lose all their money and wonder about what might have been.
What you need to understand is wealth creation does take a bit of time and you need to balance risk - reward.
The important point is to make your money work for you and that means taking advantage of compound growth.
Which investment would you rather have?
One that made 200% annually and you had a 50% chance of losing all your money, or one that made 50% with a 5% chance you would lose all your money?
I would pick the latter and that’s what all savvy investors do.
Keep in mind if you made 50% for 12 years on just $30,000 you would be a comfortable millionaire.
As you create wealth it grows exponentially, as compound growth kicks in accelerating your gains.
This is the way to make money balancing the risk – reward and watching your money grow.
What is a good simple way to create wealth?
Most of the world’s wealthiest families have made money buying land – Before you think this does not sound like a way to create wealth, read on:
Land is cheap, land is easy to buy and sell and if you buy in the right location, you can make 50 – 100% annually, with low risk!
We have all heard of the people who got rich in land investment in California or Florida turning small sums into millions today, there are different new destinations where savvy investors are creating wealth quickly.
Most are overseas and the advantage of buying land here is its cheaper, growth rates are more and the risk is less than in many industrialized countries.
Land is a great wealth building tool and offers some of the highest growth rates to risk of any investment.
For wealth creation there is no better tool for the average guy to make some big profits. It’s easy and not expensive to get in on the action, explore the facts and decide for yourself.

By Sacha Tarkovsky

Quality Self Improvement Tips For Wealth Creation? Getting Rich Starts From Within

Few people realize that getting rich does not just happen by using mathematical and business skills. There is definitely more to that in creating wealth. If you want to get rich, you have to make changes. And the first changes you need to make will be those that focus on self-improvement.
Contentment sometimes represents the easy way out Sometimes people deliberately deceive themselves by feigning contentment in order to avoid working harder and taking more risks to go for what they really want. Dont try to fake being contented when you're not. If you want to dream, dream big. If you need to create goals for yourself, make them big enough to incorporate what you want in life. It is okay to start with small steps, but plan goals out far enough to incorporate really big dreams, too, if they are what you want.
1.) Time is GoldMany people have been taught this adage from day one, but a lot of people are unfortunately not able to appreciate it. Time is precious, and the truly wealthy don't waste this precious commodity. Instead, they do their utmost to make the most out of their time. If you want to join them at the top, you need to adopt the same attitude.
2.) Get Your Priorities StraightDecide what you think is most important; do you spend a day at the spa or attend Mandarin Chinese lessons? Create priorities that will help you create wealth. Be honest with yourself and decide which tasks are important and which ones are not. Then prioritize them so that you take care of the important ones first and which can wait if need be.
3.) Start Planning AheadHaving clear-cut goals and priorities in life is necessary to help you create wealth, but these alone will not do the job. They will only help you if you go on to figure out the next step: As exactly how will you create wealth?
4.) The Only Failure in Life is Failing to TryLife is complicated, as everyone knows, but don't let that stop you from getting what you want, which in this case is to create wealth. Of course, you will likely encounter obstacles that may stop you from reaching your goal temporarily, but the only time you will truly fail is when you don't try at all. You also have to make sure that you try hard enough and that you keep trying even in the face of failure as long as it is feasible.
5.) Give and TakeBe prepared to both ask for favors and give something in return. If you are used to being self-reliant, that is great. But if you are determined to create a business, you need to understand that you will need to work in cooperation with others at least some of the time.
6.) Do not be Too Proud or Stubborn to Take Advice.If the suggestions and advice offered by others have merit, then go ahead and give the advice a try. Never presume that you know everything or that you can't learn from someone else. There will always be something new to learn. This lesson can not only help you get rich, but it can help you stay rich and become richer as well.
It is important that you strive to improve how you think, speak, feel, and act, first and foremost. Once these changes have been implemented and have become habit, then concentrate on attaining external goals to reach your main objective of getting rich, and getting rich now!

By Leon Edward

You Need A Wealth Creation Strategy To Succeed

Only by having a wealth creation strategy in place is it possible to become wealthy. So many people work at becoming wealthy with no clear objective in mind other than they want to be wealthy. And most of them fail. Just like you can’t build a house without a blueprint, you can’t become wealthy without having clear outline of wealth strategies to get you there.
Of the many wealth creation strategies out there, perhaps the most basic is to first of all buy a home. Real estate is the cornerstone of the most successful wealth strategies. So a first step in becoming wealthy is to become a homeowner.
Next, you will want to consider any disposable income and look for investments you can use it for. Having money in a savings account may make you feel secure and wealthy, but it isn’t doing any real work toward making you wealthy. Even investing small amounts is an important wealth strategy.
Perhaps the most important of all wealth creation strategies is discipline. It takes discipline to achieve wealth. It’s hard not to take that disposable income you have at the end of every month and spend it on little luxuries. It’s also hard not to take the nest egg you’ve built up and splurge on the vacation or sports car of your dreams.
But if you truly want to become wealthy, then you have to have the discipline to invest your money rather than spend it.
You may also want to take courses in financial and investment planning. There are many excellent courses available online and through your local colleges and universities that can teach you invaluable wealth creation strategies.
The more wealth strategies you are aware of, the better off you will be in deciding what the best ones are for meeting your financial goal of becoming wealthy.

by Mika Hamilton