The Wealth Formula
  • 15
  • Jun, 08

The Wealth Formula - Your Daily Plan

Unless you were born with a “silver spoon in your mouth”… or happen to marry into wealth… chances are, it will be up to YOU if you want to accumulate financial wealth. In that case, you’ll almost certainly want to know the main ingredients of wealth accumulation, as demonstrated by the most successful self-made individuals in our society. In short, such ingredients include: devoting yourself to becoming financially free… developing the right mindset… finding a mentor to guide you… doing what it takes to make it happen… and consistently adhering to a daily action plan or system.

Just as you are wise to uncover and use the ingredients for accumulating wealth in your wealth-building journey, you are also wise to reject the various false and misguided ideas about becoming well-to-do. For example, you may have heard things like “it takes money to make money” or “the only way to make money is (insert whatever method of wealth accumulation someone is trying to sell you!).” Such ideas are just plain wrong. You certainly don’t need to start with money to make money. Otherwise we wouldn’t have any self-made millionaires. Equally, there is no single strategy for accumulating wealth. Again, consider how diverse various self-made millionaires are, and how they took different journeys to get where they are today.

By contrast, what WILL make all the difference to your ability to accumulate wealth or not is the quality of your thinking. This is not just about having the smarts to identify and pursue a given wealth accumulation strategy, but having the right attitude. The attitude that you have the right to make a lot of money… that making a lot of money is a GOOD and WORTHY goal… and that this is something firmly within your power to accomplish.

An important ingredient in your wealth accumulation efforts is having a daily system or action plan that you consistently apply, day after day. No question - to reach the level of income and net worth you want will take the studious application of many, many small steps. Each of these steps is easy to do… but easy not to do also. And that’s why it’s so important to establish and follow a daily plan of such actions. You must hold yourself accountable for accomplishing these actions each day. And there is no better way of doing that than having a system of daily actions.

Having the right mental attitude or mindset, following the guidance of a mentor, taking action and adhering to a daily plan are all essential to you achieving ANY major personal goal, including accumulating the wealth you desire. On that basis, I urge you to focus on these wealth-building ingredients before even worrying about your “vehicle” for accomplishing wealth. Chances are, that vehicle will be ready and waiting for you, once you have all the other ingredients in place.

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  • 15
  • Jun, 08

The Wealth Formula - Taking Action

When it comes to building wealth, there are certain principles that, if followed, will lead you to achieving the income, wealth, freedom and lifestyle you desire much more quickly than otherwise. Among these are the principles of taking action, having a mentor, possessing the right mindset, adhering to a daily plan, and committing to the accomplishment of financial freedom.

By contrast, you do NOT need to “have money to make money” or be exceptionally intelligent or gifted to build wealth. In fact, building wealth is possible for just about anybody. If this wasn’t the case there would be no such thing as a “rags to riches” millionaire. Nor would there be the reality of people who have been born with everything… who subsequently lose it all.

So what enables someone with nothing, or who may even be deeply in debt, to rise from their current circumstances and build incredible wealth? It begins with a decision. A decision that building wealth is important to them, and that they will do whatever it takes to build it. Part of “doing what it takes” is working out what measures you must take to build wealth. In turn, working out these measures begins with answering a few simple questions. Questions like: “What do I need to know?”, “How have other those I admire built their wealth?” and “What can I do right now to begin my wealth building journey?”

One of the key principles of building wealth is the principle of taking action. Taking action is all about making it happen. In other words, once you know what should be done, you stop being lazy and actually DO IT. Some people argue that “taking action” is too simplistic. That there may be a variety of reasons why someone can’t take action, and that these reasons are what prevents that person from building the wealth they desire. Well, there may well be challenges on the path to wealth. You may be in a lowly paid job. You may be living from paycheck to paycheck. You may not have any money. You may be in debt. But are any of those reasons enough to stop you from taking action?

The answer is “no.” You see, if you face challenges on the path to building wealth, then, to begin with, “making it happen” may simply be taking whatever measures are necessary to overcome those challenges. For example, if you don’t have much money right now, taking action doesn’t necessarily mean investing in the stock market! It could be, however, cutting your spending and paying off debts. However, not doing anything - and instead lamenting your situation instead of taking measures to get out of it - WILL hold you back from building wealth.

For most people, building wealth is not something that happens overnight. Nor does it rely on good luck or joining the latest “get rich quick” scheme. There are all kinds of ways to build wealth - from investing to running a business. But the “how” is often not the critical piece in the wealth formula. Much more important is the desire to build wealth and the application of the tried and true wealth building principles necessary to build it. Go for it!

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  • 15
  • Jun, 08

The Wealth Formula - Mindset, The Real Key

If you wish to develop considerable wealth… read on! This may be one of the most important articles you read on the subject. To begin with, let me tell you straight up that there are a handful of factors that are critical to developing wealth. If you utilize these factors in your wealth development efforts, you’ll find yourself reaching your goal much quicker than otherwise. And none of these factors is difficult to understand: making the development of financial freedom a major life goal, having a can-do mindset, obtaining a mentor, taking action, and utilizing a daily plan.

At the same time, there are also ideas about developing wealth that you might as well dismiss. These are the ideas perpetuated by either people who, selfishly, don’t want others to know how they can develop wealth, or those who are inherently cynical and can’t fathom the idea that they could obtain wealth if they just changed the way they thought about things. What are these erroneous ideas? Well, one of the major ones is the idea that you already need to be financially well-off in order to achieve even greater riches. Baloney! There are so many people who have become well-off from having absolutely zero that it’s not even worth considering such a viewpoint for more than a nanosecond. Another falsehood is the idea that you have to follow a certain approach - e.g. trade the markets or invest in property, or whatever - if you’re to ever develop wealth. Again, there are too many exceptions to this “rule” that it’s not worth giving the idea the time of the day.

In reality, developing wealth begins with how you think. This means a few things. For one thing, it means believing that you have what it takes to develop riches. For another thing, it means determining that you’ll do everything possible - i.e. that’s legal, moral and ethical - to develop the level of wealth you want.

It almost goes without saying that the real key separating those who have developed wealth and those who haven’t is MINDSET. Forget the “what” and “how” of developing wealth. They don’t matter… not to begin with… and not if you haven’t got the right mindset.

You see, your mindset is the most powerful asset you have in your efforts to develop wealth. And it’s also the most destructive obstacle to developing wealth if your mindset is NOT supporting your objectives. What is the right mindset to have? It’s one where you innately believe that you deserve wealth, that you are able to develop wealth, and that you will do what it takes to develop that wealth. If you don’t think this way - or worse, your mindset is programmed to think the very opposite - then you are unlikely to ever develop the wealth you want.

Look at a handful of wealthy people from diverse backgrounds and you’ll soon appreciate that there are a variety of ways to develop wealth. But what is common to all - and is key to your ability to develop wealth - is the mindset that you can and will develop the wealth you desire.

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  • 15
  • Jun, 08

The Wealth Formula - Financial Freedom

So you really want to accomplish wealth. You have realized that having a high net-worth, and ideally, one or more passive sources of income, are major keys to bringing happiness to you and those you care about. Well, I’m here to encourage you 100% in the pursuit of that goal! I believe that accomplishing wealth is one of the most worthy goals anyone could have. And to help you along, let me share with you a number of the key determinants of accomplishing wealth: committing to financial freedom; having a positive, “never give up” attitude or mindset; seeking guidance from a qualified mentor; taking action to bring about your goals; and following a daily plan to ensure you take the required action every single day.

Let me also point out some of the “lies” about accomplishing wealth that may hinder your progress. There are two major lies that come to mind. The first one is that you must already have significant financial resources in order to develop further wealth; the second is that there is one “best” way to accomplish considerable wealth. Let’s nip those lies in the bud. In reality, there is NO requirement to already be in the possession of a lot of money in order to make more. Creative thinking and networking with the right people will trump money any day. Meanwhile, there are all kinds of ways to accomplish wealth. Just think of the worlds wealthiest people and the range of ways they amassed their fortunes!

Creative thinking, networking and the right attitude really do make all the difference when it comes to accomplishing wealth. In particular, having the right attitude - being positive, open-minded and willing to do what it takes to get what you want - is essential to accomplishing any big objective, including wealth.

When it comes to building a fortune, one of the key determinants is having a powerful WHY. Let’s be honest - the road to riches is unlikely to be easy. You are likely to face many challenges along the way. Unless you have a strong enough WHY propelling you forward whenever things get tough… you just won’t make the distance. For most people that “why” is an overwhelming desire to achieve financial freedom. After all, that’s what wealth is really about: the freedom to do what you want. This means having the ability to travel, spend quality time with family, and pursue those interests and hobbies you enjoy. Think about what financial freedom means for you. And let that motivate you as you work towards accomplishing the wealth you desire.

Having observed many wealthy people, I can attest to the value of each of the determinants of accomplishing wealth. In particular, when you fully embrace each one, whether it’s making financial freedom the “why” that motivates you on an ongoing basis… or ensuring you follow a daily action plan… you are much more likely to achieve your objectives than otherwise.

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  • 05
  • Jun, 08

I Ditched My Big Ticket Program… Why?

To make a long story short, I had no life. At least not the “wealthy with time to do what I wanted and when I wanted” lifestyle. So I changed that and my new…

Independent Profit Center is awesome! This is so much better than the big ticket programs. I was a top earner in one for about 1 1/2 years. But, I had no life because I was working day and night marketing it, attending training calls, and supporting my team. Not to mention all the junk leads, junk services, and other expensive crap they tried to sell me or get me to sell to others.

Independent Profit Center has changed all that. Now I work 2 hours or less daily. No more long training calls. No more heavy demand to support a team. No more ridiculously high monthly fees. No more long working hours. The Independent Profit Center program structure, training videos, IPC provided customer support, and affordable price add up to “winner”. I’m glad I joined Independent Profit Center and hope everyone enjoys as much success as I am!

Your friend,

John Spohr

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  • 31
  • Jan, 08

Welcome

I’ve started this BLOG to help others in their quest for financial freedom. Being an Information Technology guy, I have a strong bias to making money online and this BLOG will certainly show my bias as I add articles and content.

So what can you expect by reading this BLOG? Simple… lots of free tips, tools, and software. I’ll add some reviews as well as tell you what I use and how it can benefit you. I’ll be sharing “the Good, the Bad, and the Ugly.” So make sure you bookmark or save this site to your favorites. I have a lot to share with you.

To your success,

John Spohr

ps - Visit my money making site at http://www.the-wealth-formula.com