How to be the master of your wealth starts with recognizing the difference between Good Debt, Bad Debt
Too many people put off wealth-creation attempts, fearful of losing money or indefinitely waiting for the right time. Wealth has little to do with timing or even how much money you have – it i s merely a matter of education sharpened by determination.
‘Bad Debt’ can make you bankrupt and ‘Good Debt’ can make you wealthy but you need to know what the difference is between a real asset and a liability dressed in ‘assets clothing’. There are many million-dollar opportunities right under your very nose. Wealthy people don’t become millionaires working for someone else!
The rich are not smarter, it is just that they understand the rules of the money game – they play to win! The unfortunate work for money and the prosperous make money work for them. The unfortunate seek instant gratification (even if it means a life of debt) whereas the prosperous are happy to delay gratification. The unfortunate confuse liabilities with assets whereas the prosperous never make such mistakes. The unfortunate work hard and use limited savings, while the prosperous are far too impatient – they prefer to use other people’s money!
So what does all this mean? It means that the prosperous know the rules and how to win; they know when to make the moves and when to sit tight. Learn the rules of wealth and then apply them to formulate your own plan for your own financial future.
Your own retirement is probably a major worry to you as you struggle to bring up educate and provide for your children. You invariably have no time to save, or take advice to secure your future. Now in your prime you desperately need to invest but you have little idea of the principles of investment. You just know that you have to do something or spend your older years in abject poverty like the majority of pensioners do today. Wouldn’t it be smarter to take that initial step towards financial security now?
To become rich you need some fundamental knowledge, some basic skills and an innate desire to succeed. To turn your dreams and goals into achievable results you need to set yourself in motion towards your dreams.
Our Real Estate Mastery Course will educate and coax you into examining your principles, attitudes and strategies, a process that will enable you to deftly re-engineer your entire mind set.
While the establishment of a wealth mind set is crucial, it is also important that you have the knowledge required to take action and turn your dreams into results. Anything you want to know is already out there, it has been mastered and you can learn how to do it by reading books or asking people who have already achieved the results.
Once you learn this, you will realize that almost anything is possible. This is a very simple concept, but it is so surprising how few of us put it into action. So, one of the other main keys to success is to do something that you are truly passionate about. It has nothing to do with luck because luck is all about probabilities. The more proactive steps you take toward your goals the higher your probability is of achieving those goals. These steps might involve choosing a business that you are passionate about, finding the right product, learning about the industry, hiring the right people, learning about property investment and so on. The more you do, you will find that the ‘luckier’ you become because your probabilities of achieving success will dramatically increase.