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Wealth Creation: Moneypete's two cents worth
Everyone wants to be successful. Do you think that is a true statement? No one fails on purpose. Well….there was the Black Sox scandal of 1929….but they threw the game for financial gain. As the old philosopher once said, “If something doesn’t make sense there is a dollar sign involved.” Everyone wants to be successful, but not everyone succeeds. Why is that? Why does one person seem to have the Midas touch with everything turning to gold and another loses their shorts? The keys to success are many and varied. There is no blanket answer because no two people are alike. That is why Moneypete.com will be a valuable tool for you on your road to wealth.
There are many facets to financial success, or success in any endeavor for that matter. If you have been interested in bettering yourself financially for any amount of time at all you have heard or read about lots of them. They are all important. Some of the things are tangible and some are intangible. The Moneypete.com Wealth Creation section deals with all of them. The tangibles are the businesses we start and the investments we make. The intangibles are the wisdom we seek, the things that we read and the kind of person we are or become.
You have probably heard the axiom that wealth starts with an idea. Wealth starts in the mind. The timeless classic “Think and Grow Rich” by Napoleon Hill is regarded as the template for thought by most wealth builders. Napoleon was hand picked by Andrew Carnegie to study the rich and to formulate a philosophy of success for the masses. Mr. Carnegie did this to help others achieve the kind of life that he enjoyed. This quality in Andrew was another reason why he achieved the success that he enjoyed for many years. The attitude that you have and the purpose that is in your heart is also a major part of the reason some people succeed and some people don’t. These things are intangible but are very much a part of the universal laws that govern wealth.
Some of the other intangibles that govern this world are passion, determination and diligence. Napoleon Hill calls it a “definiteness of purpose.” If you have this definiteness of purpose you will never, ever, ever give up! Failure will not be an option. If you don’t feel this passion from within about an idea or business venture it is the main tell tale sign that you are going the wrong direction. Those who are successful in business are those who are doing what they love to do. It is their passion. If a person is successful in a business they know little about it is most likely because they are simply passionate about the whole process of business and the dance steps that are involved. They don’t know much about a certain subject or business, but they get the right people around them that do. Andrew Carnegie and Henry Ford were both good at doing that.
You will hear a lot around Moneypete.com about Robert Kiyosaki and his Rich Dad Poor Dad brand. You will hear it a lot because Robert has a handle on some of the nuts and bolts basics of wealth building. He has a good grip on many of the tangibles that are involved. He also has some good things to pass along about philosophy too, but the information that he has to give about what to do is great. In Moneypete on Entrepreneurship we gave this link as well, but it deserves to go here again. Rich Dad Poor Dad is a classic. In the pages of Rich Dad you find out the difference between an asset and a liability. Robert has diamonds of advice in this book. An asset is something that puts money in your pocket while a liability is something that takes money out of your pocket. Your banker will tell you that your home is an asset. It is an asset for your banker. You are paying the bank, they aren’t paying you. Purchase “assets” that put money in your pocket and you are way ahead of the game. It is some great tangible advice from Robert’s Rich Dad.
