Wealth creation is not a matter of luck it is the result of applying an appropriate
strategy. Although myself I am not Wealth, but I would like to get there. Here are
seven wealth building secrets that can help all of us put together our own winning
strategy to increase OUR personal wealth:
Secret 1: Have a Strong Reason To Become Wealthy
You need a stronger motivator than the money. What is the real benefit that you will
receive from becoming wealthy? How will your life change for the better? Unless you
have an emotionally strong reason to become wealthy, you are unlikely to do what it
takes.
Remember that mediocrity in the western world is a pretty good lifestyle than in
Tanzania and it's easy to achieve. You need some special potential benefit to get
you to go the extra mile and achieve wealth. If you dont have one, find one or join
any serious Networking initiatives.
Secret 2: Find a Strong Market Place
Your wealth has to come from somewhere and that somewhere is called the marketplace.
What marketplace are you targeting?
It is important that you choose a marketplace that is strong enough and healthy
enough to provide you with all the opportunity you need in order to reach your
financial goals. Serious Networking is a good Market place if you dont have one.
Secret 3: Have a Strong Vehicle
How are you going to tap into that strong marketplace? You need to have a vehicle
that has the potential for providing the results you seek. The vehicle needs to be
strong enough that it will do the job you are asking of it, both now and for a
reasonable time into the future, regardless of how the market is changing.
Secret 4: Develop or Hire Strong Knowledge
Applied knowledge is power. If you are going to take your vehicle to the heights it
needs to achieve in order to provide you with wealth, then you must have the
knowledge of how to do that. Some knowledge you need to have yourself and other
knowledge you can hire in the form of employees or outsourcing or simply from
Networking.
What knowledge do you need to add to your knowledge bank and where are you going to
get it? I guess good Networking has all knowledge it takes.
Secret 5: Develop and Tap Into a Strong Network
Nobody gets rich on their own. You need a strong network of contacts, each of whom
will play their role in your journey to riches.
Your will need a network of people to help you stay on track. A network to
brainstorm with. A network to help you market your vehicle. What is your current
network like? Do you have good relationships with all the people who can help you
achieve your goals? If not where are you going to find them and how are you going to
recruit them into your network?
Secret 6: Have a Strong Risk Management Strategy
The self-made rich don't avoid risk, like the average person does; they find ways to
manage risk. When you know why you are becoming wealthy, and you have the right
market place and the right vehicle, make sure you also have a strong risk management
plan to keep it all on track.
Secret 7: Have a Strong Commitment to Your Success
The last secret, and the most important behind knowing why, is to have a strong
commitment to succeeding. Your commitment has to be unshakable. You are highly
likely to meet with obstacles along the way and some of them may be very
challenging. The thing that will get you over, around, or through those obstacles is
a strong, unwavering commitment to achieving your goals.
Watch out for the next Article number 4.
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