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When you hear the word "poor" what do you think of? Not having any money? Broke? We need to understand being broke (no money in the bank), and being poor are two different things.
Healthcare reform is a hot topic and needs to be addressed but, are the right people talking to each other? The cost of healthcare affects everyone’s ability to save, invest and impacts a businesses bottom line. How’s your bottom line going to grow if it’s constantly being drained by rising costs of healthcare? Either you’re an individual or self-employed person buying health insurance for you and your family, or a business paying for employees’ insurance. If you’re one of the growing population who do not have coverage, you live in fear of going to the hospital. This problem affects your ability to create wealth.
In Creating Wealth you need to remember to stay focused and follow the basic rules. Equity & Appreciation; meaning you always want to build equity (ownership) and have the asset appreciate (grow over time) in value. Many of us loose site of this principle and spend our money on things that give us immediate gratification but go nowhere. We see in America today most people carrying a lot of consumer (non-residential mortgage) debt. They are simply spending more money than they bring home and this action destroys any chance of creating wealth.
The White House announced today that the unemployment rate climbed to 10%. Hey, Washington, I got news for you it’s more like 20%. If you count all the people who no longer qualify for unemployment benefits and the under-employed you’re double the 10%.
If you have an interest in becoming wealthy, and I’m talking about financial riches, there are only a few paths you can travel down.
A lot of people have lost their jobs in this recent economic down turn, and even more people have seen their paychecks shrink because of a cut in hours. Everyone keeps asking what should I do now? Remember "Tough times don’t last for ever but Tough people do". It’s a simple yet hard answer.
Have you ever wondered how the millionaires in this country built their wealth? After spending 10 years in the investment industry as an advisor, contrary to popular belief the richest people in America DID NOT accumulate their wealth by investing in the stock market.
We just recently posted the story "6 Reasons Why You Can’t Get Rich in the Stock Market, and Why You Never Will" and we got a surprising spike in traffic and interest in our site. One reader submitted this story to us that we want to share.
There is a plague that runs through the streets of Wall Street, and that is greed. If you have a stock broker, financial advisor, or financial planner, that is commission base, fire him or her now. I don’t care if he has five, ten, or fifty years of experience. It is not in your best interest to have an advisor that is compensated on a commission bases. I’m going to share with you some information that the public does not know or ever hears about.
Hey, what’s all this noise about Baby Boomers worried about retiring? "Don’t Worry Be Happy", isn’t this the B-Boomers motto. Why is it that when we start turning 60 it’s "Oh crap how am I going to retire on nothing"?
"Solving the Wealth Puzzle" is Now Available from Amazon and Other Fine Booksellers
Why Wall Street Won't Work for You, and What You Can Do About It
My Wealth Puzzle is created and maintained by Wealth Puzzle Media Group. We are dedicated to giving people the tools they need to change peoples lives by helping them to achieve their dreams of building true wealth through the path of entrepreneurship. This site copyright © 2006.