DISCOVERING THE WEALTH CYCLE PROCESS TO BUILD WEALTH FOR YOUR LIFE!!!

DISCOVERING THE WEALTH CYCLE PROCESS TO BUILD WEALTH FOR YOUR LIFE!!!

I can equally call these the stages of your wealth in life! While some people have wealth cycles, some people have poverty cycles, some other people do not allow their wealth cycles to circulate. Why it is called a circle? Because it has a starting point and from there , goes round the person's life. Before you start getting confused, let me give you an illustration that explains the cycle.

The wealth you start building at age 28 is supposed to go round your life till you die. But you see situations where at 50, all the wealth at age 28 to 35 is gone. What happened? That is part of what we shall be studying today. Are you still with me? What is wealth? Wealth is not money, but wealth includes money, money does not include wealth. You can be rich without being wealthy, but you cannot be wealthy without being rich! To be rich means to have money, but to be wealthy means to have money plus other essentials of life. Another important fact is that wealth is built and not made. You can make money, but you cannot make wealth, you build wealth. Anytime you build wealth, It is either you build a business or a career, but if you build a business, you also build a career while if you build a career, you do not build a business. However, the experience from the career can be useful if you now want to build a business.

There are five main stages in wealth cycles. They are:

STAGE 1 (NOTHING): This is the stage of looking within and trying to see what you can do. Everybody has to pass through that stage in life and that is the period when you do not have any money at all. Remember, wealth is money plus life essentials while being rich is money. Stage One is what everybody in life passes through and nobody is born with a bag of money in his or her mouth or stomach. Everybody was born with nothing. This is to say that at one stage or the other in life, you will have been at point zero when you have no money at all.

STAGE2 (SMALL) Start small. I laugh when I see graduates just finishing school, either BSC or MSC and many do not want to start small. Many want the job of $2000 per month. While it' good ambition. I must say that nothing big started big, everything big started small. If you must build wealth, you must start small either in one small office or small businesses even though all you might be making in a month might be so small. The most important thing is that you must be learning. Starting small is not a crime, but staying small is the problem.

STAGE 3 (Struggling) This is the stage you are struggling to create wealth. This is the stage of total investment. Investing your money, life, time, skill, ability, and everything in your business or career. Remember that business is anything that is done for a profit. What is wealth Creation? Wealth creation occurs when you produce a product or service that people want and need and are willing to pay for at a price that is in excess of your total cost of producing that product or service.

The key to business success has always been the same: Find a need and fill it! We all earn our livings by serving other people in some way. Your business goal is to find out what people really want and need, and then give it to them better and faster than anyone else. This is the stage you start fixing your product or service to take the position of market leadership. Hundreds of companies have been studied to discover the secrets of market leadership. At this stage, you keep working on methods and systems that will work. Most of the profits you make from building your business are to be invested again and when you have established some of the methods that work for your business or career, then you will discover that you have started having more money than enough.

STAGE4. (HAVING ENOUGH). Having more than enough. This stage is the stage of income and putting aside some of the income for the future. At this stage, you are making the money and you are also building your name or reputation. Your reputation in the marketplace determines how much you can sell, and the prices you charge. The friendliness of your staff and the ease of doing business with you is a key part of your reputation. Your credibility with your customers, the degree to which they see you as trustworthy and dependable is a key value to your customers.

STAGE5 (WEALRTHY) This is everybody's desire and getting to this point is not the problem but staying there and not to reverse or drop back to an initial stage. It is easy to be a millionaire but hard to stay and remain a millionaire. I will quickly suggest 5 things to do to stay wealthy. 1. Read Financial materials. 2 Invest more. 3. Build meaningful relationships 4. Develop a good and strong frugal spending attitude. 5. Give.

Get my updated investments and business tips here @ http://www.reputableinvestments.com

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