Tips on the process for creating wealth

Tips on the process for creating wealth

Tips on the process for creating wealth

The process for creating wealth should be applied judiciously particularly with reference to your unique environment, circumstance and personality . There fore there should be modification to the theory to satisfy your situation if you want to get the best out of it.

The modified version of the wealth creation process have been simplified to fit into any system.

The process is summarized and simplified below:

1. Save 10% of your Income

The assumption is that the reader of this article is in a paid employment with a successful organization but hopes to start his own organization one day. The monthly 10% of savings is expected to be saved in an interest bearing deposit account to earn compound interest. The account in which this is being saved should be carefully monitored to ensure that you are getting all your benefits in full.

2. Seek your Dream

After saving some money to start a business, it is not prudent t o simply start any type of business. You need to actually seek your own dream. It is your own dream that probably will come with passion during implementation. In doing this I recommend, that you use "Ron Holland's suggestion which is, "Silence, Solitude and stillness" (SSS).

3. Have a Plan

The third recommendation is that you should have a plan you should set reasonable goals for yourself or your company. A focused person should have a plan to get to where he wants to go. It is not enough to simply dream but you must tell yourself all the time that you are an Achiever and that you will succeed. You should make efforts to get rid of negative thoughts "as a man thinks so is he".

The plan should reflect the mind of strategist and an Achiever with enthusiasm "To get from point A to point B you must first have a plan.

4. Invest in your Project

The capital required varies from project to project. This means that the period of your capital formation through savings depend on when your savings will be enough to start your project. You may need to ensure that the capital includes a buffer amount for contingencies especially to meet your needs during the gestation period. It is important to be committed to your project with all that you have got so that your capital can yield fruit. Investment period requires a lot of discipline.

5. Give 10% of your Business Income to God

When you begin to make money, you should remember God, Humanity and self in that order. The implication of this is that when you or your company succeed, you should remember your local community the local Church or Mosque, your neighbours, Old Schools and those who need your assistance.

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