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.

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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%.

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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.

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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.

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