Wealth Building: Step Away from the Status Quo

One of the main things that will hold a person back from making money is

their failure to change

what they are currently doing. The status quo can be deadly to wealth building efforts. Wealth

building takes courage and a new way thinking. Holding on to the “this is how we have always

done it” way of thinking can be death to any wealth building strategy. If you want to increase

income then think outside of the box. Do not do what your parents did - unless they are multi-

millionaires. Even if they are, take their wealth building strategy and build on it, improve it,

incorporate you own wealth building techniques into their plan to create a better way of making

money. The world has consistently improved over the decades because someone had a bright

idea of how to make a better mousetrap. It is the same with making money.

Millionaire parents are the minority, though, so this wealth building information is geared toward

the guy who grew up middle class or even dirt poor but is interested in making money and

improving his lifestyle. Though making money is a goal that is desired by many, quite often,

viable wealth building techniques elude them. The main reasons that people fail to take

aggressive steps towards their own wealth building are because of two things: 1. it takes work,

and 2. it takes courage. You have to be willing to work for what you want and take risks to get

there. Making money is no different.

The first wealth building strategy here is that you should be ready and willing to work. Now,

understand that under “work” falls several sub categories including increase self discipline, avoid

procrastination and be consistent. There is no easy ride when it comes to making money. Sure,

there may be the occasional windfall here or there, but creating a wealth building strategy that

you can count on and that consistently brings cash in takes hard work and focus. Self discipline

will help tremendously in keeping you focused. Keep your eye on the prize and push yourself to

work, to do what needs to be done regardless of how motivated you feel on any given day. This

is also how you avoid procrastination. If something needs to be done, just suck it up and do it. If

it is a large task that makes you feel overwhelmed, get organized. Organization is a wealth

building strategy that will prove invaluable if you use it correctly. Finally, be consistent.

Consistently keep your files organized and up to date, keep your records current, and be

consistent with your discipline and focus.

As far as courage goes when it comes to wealth building, many people tend to be like the

cowardly lion from the Wizard of Oz. They talk a good game, growl a lot, but the first time

someone says “boo” to them they run and hide. And you know what? That is perfectly natural.

It is normal to be afraid of the unknown, of venturing into areas unfamiliar. What is not normal

is when those fears control and cripple us. Wealth building takes courage because it usually

means stepping outside of your comfort zone. Many people lack the self esteem to do this. They

are afraid of failure, they simply think that they are not good enough or smart enough. They are

wrong. Most people have the wealth building abilities in them, but those abilities are untapped

or their existence is not even known. Fear of failure can stop a great wealth building strategy

dead in its tracks. Someone once said, “Can’t never could.” They were so right. If you believe

that you will fail then you are quite likely to do just that. Having a positive frame of mind,

whether you believe in your ultimate success or not, is integral to increasing income. If you

never take the plunge how will you ever know what is possible, what is out there? Believing in

yourself is the first step.

Venturing into unchartered waters can be scary, but moving away from the status quo can be the

wealth building strategy that catapults you to financial freedom. Some people grow up in

environments that are not conducive to success and wealth building. To take that situation and

turn it into something positive, to rise above the adversity to achieve wealth building success,

those are the true heroes. Adopt a “can do” attitude; be willing to jump in with both feet and at

least try new ideas and wealth building strategies. Just believe in yourself, do your homework

and get ready to work

7 September 2006 | General Health | Comments