Your guide to creating wealth offline and online.
Focuses on small business, stock market investments, sound financial principles and a basic understanding of wealth. Please feel free to PM any questions you would like to have answered.
Focuses on small business, stock market investments, sound financial principles and a basic understanding of wealth. Please feel free to PM any questions you would like to have answered.
What Is Your Path To Wealth?
Posted 08-17-2010 at 09:59 PM by TheWealthSquad
Many people are creating wealth in their life. They do this by using their energy and creativity.
You create wealth by taking raw material and combining it using your skill and energy to create something that has more value than the original materials.
For instance someone who is really good at html, php, css or other web based programming goes to work creating websites.
They provide them to small business owners for a fee or possibly even rent them and handle the entire process. They have created something of value using their talents and ability.
Many people will talk about the wealth they create in the stock market. I have to disagree with them. If you are taking a company public, then you are creating wealth but it is based on the concept we described above.
You have taken your talent, skill and energy and made something valuable.
If you invest in the stock market you need to study and understand what you are doing. It is a great way to create leverage in your plan for wealth.
It is also a great way to lose a lot of money if you invest at the wrong time. I recently ran into a video by Tony Robbins with a stock market prediction for 2010
I posted it at my blog on the link above. If you listen and don't understand what he means by Winter, it is a reference to long time cycles in the stock market. When you are going into Winter, the stock market doesn't perform very well. The economy is pretty slow and working off the excesses of spring and summer.
Winter is a great time to plan for a business or the future. To be defensive and be prepared. If you are ready to get prepared to start on your journey to wealth, you can pick up my latest report Baby Steps to Wealth
Hope you enjoy it.
To you wealth
Scott
You create wealth by taking raw material and combining it using your skill and energy to create something that has more value than the original materials.
For instance someone who is really good at html, php, css or other web based programming goes to work creating websites.
They provide them to small business owners for a fee or possibly even rent them and handle the entire process. They have created something of value using their talents and ability.
Many people will talk about the wealth they create in the stock market. I have to disagree with them. If you are taking a company public, then you are creating wealth but it is based on the concept we described above.
You have taken your talent, skill and energy and made something valuable.
If you invest in the stock market you need to study and understand what you are doing. It is a great way to create leverage in your plan for wealth.
It is also a great way to lose a lot of money if you invest at the wrong time. I recently ran into a video by Tony Robbins with a stock market prediction for 2010
I posted it at my blog on the link above. If you listen and don't understand what he means by Winter, it is a reference to long time cycles in the stock market. When you are going into Winter, the stock market doesn't perform very well. The economy is pretty slow and working off the excesses of spring and summer.
Winter is a great time to plan for a business or the future. To be defensive and be prepared. If you are ready to get prepared to start on your journey to wealth, you can pick up my latest report Baby Steps to Wealth
Hope you enjoy it.
To you wealth
Scott
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