Wealth Building Articles

Finance » Wealth Building | By Sean Rasmussen @ Thursday, 6th December 2007 @ 9:51 PM

Napoleon Hill helped fill the ranks of the earliest success and self-empowerment writers. He brought a dream to life in his self-help success guide, Think and Grow Rich, paving the way for countless wealth creation success stories. Who Was Napoleon Hill? At birth, probably no one who knew Napoleon Hill would have guessed that he could become on the most famous self-success writers of all time. No one would have thought he'd have the experience and success that he did; there ... more...

Finance » Wealth Building | By Sean Rasmussen @ Thursday, 6th December 2007 @ 4:37 PM

Affiliate programs have been bandied across the internet as the next best way to make easy money. From websites to eBooks to blogs to articles like this one, much has been written about making money with affiliate programs. And while there is certainly no arguing the potential of a good affiliate program, those who hope to create wealth through affiliations need to learn to spot a good one first. First Things First First off, it's important to clarify one point: affiliate pr... more...

Finance » Wealth Building | By Adam Khoo @ Thursday, 6th December 2007 @ 1:51 PM

The first reason why a lot of people find it difficult to make money is because there are many people out there who look for the quick and easy way to make money. You see, a lot of people end up making the wrong decisions why they go into the business and some people think that wealth creation is an instantaneous overnight thing. I think there's so much hype about it that, you take a look at newspaper advertisements and it claims certain things about total earnings and so on. ... more...

Finance » Wealth Building | By Mike Kar @ Sunday, 25th November 2007 @ 5:27 PM

Most of us think of properties that have gone into foreclosure as old, beat up places that no one would want to buy. However, the truth is that in today's unstable economy, more and more gems are going into bank foreclosure simply because the owners of these properties have fallen on hard times. While mortgage lenders work with homeowners for a while to avoid the foreclosure process, eventually those who cannot pay their home loans lose their homes. Many people realize that t... more...

Finance » Wealth Building | By Mike Kar @ Sunday, 25th November 2007 @ 5:27 PM

Tax liens are liens placed on a house or other piece of real estate because the owner owes taxes on the property that he cannot pay. There is a potential investment for real estate investors in tax liens. However, there is a lot of competition in this field, so understanding the mechanics of the process is crucial to finding success in this field. When a homeowner does not pay the property taxes on his property, most counties will place a tax lien on the property. In many states, these ta... more...

Finance » Wealth Building | By Mike Kar @ Sunday, 25th November 2007 @ 5:26 PM

Purchasing and then reselling foreclosures can be a good way to make money. There are thousands of people across the country making money in foreclosures. Others are getting their dream homes at a fraction of the real price of the property by purchasing them at a foreclosure auction. While there are deals to be had in the foreclosure world, understanding a little about the foreclosure auction process is important before venturing into this investment opportunity. If you are intere... more...

Finance » Wealth Building | By Mike Kar @ Sunday, 25th November 2007 @ 5:05 PM

f you are interested in beginning a new career in real estate investing, there are many routes you can take. Foreclosure and short sale investing is one obvious option, but real estate investing is not limited to these two venues. There is actually quite a bit of money to be made by investing in probate property. Probate property is property that someone has inherited in a will. If there is an outstanding mortgage on the property, it is usually paid off through the deceased persons life i... more...

Finance » Wealth Building | By Adam Khoo @ Thursday, 22nd November 2007 @ 12:53 AM

Let me give you an example. Let's compare a doctor and Madonna. Now who creates more value? Who creates more value per person? I would say a doctor because a doctor can save your life, a heart specialist. Madonna can only make you feel good about yourself by listening to music. But why does Madonna make, a million times more than a heart specialist? Why? Because Madonna has this thing called scalability or leverage. Now, let's talk about magnification. For... more...

Finance » Wealth Building | By James Woolley @ Tuesday, 20th November 2007 @ 4:20 PM

'The rich get richer and the poor get poorer' is a saying that gets trotted out all the time but this is because it's essentially true. If you look at society in general this is exactly what happens, but why exactly is this? Well the major reason is quite simply that the rich have the capacity to invest their money into assets and investments that will make their money grow over time, whereas the poorer people in society don't have this option. The wealthier mem... more...

Finance » Wealth Building | By Sean Rasmussen @ Monday, 12th November 2007 @ 12:33 AM

Do you know how to make quick money when you need it? Often there are times when you just need some extra money. Perhaps, you have an unexpected expense or you need cash during a trip. Regardless of the reasons, it is helpful to have some viable options available in order to make extra money to supplement your income or just to have some cash in your pockets. What sort of jobs might you consider? Are there jobs you would not do? These are some of the questions you might ask yourself while ... more...

Finance » Wealth Building | By Sean Rasmussen @ Saturday, 10th November 2007 @ 12:35 AM

You've all heard or read about the countless advertisements proclaiming "Easy Money" for anyone who wants it, haven't you? Everyone wants a way to get money in his or her pockets with little to no effort. It has become a natural tendency with many people to seek out easier ways to obtain the money rather than spending precious hours at some boring job that does not really provide a reasonable income level. This is why easy money opportunities abound; they are communicated th... more...

Finance » Wealth Building | By Adam Khoo @ Wednesday, 31st October 2007 @ 6:32 AM

Besides taking steps too increase your value, you must also increase the time you spend creating value to boost your income. If you are self-employed, then you are usually paid by the hour or by the job. So obviously, when you work longer hours and more days, your income will increase! Now you may be saying to me, 'I am already working 18 hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, ' this does not apply to me... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 30th October 2007 @ 5:29 PM

Many people have the wrong idea about what being a millionaire is all about. Many also equate instant gratification with happiness. They believe that millionaires live lavish lifestyles and all that self-indulgence brings lasting happiness. Well, from my research and my own observations of the many self-made multi-millionaires I know, I find that most self-made, sustainable millionaires DO NOT live this way. What does sustainable mean? It means a person whose millions of dollars will las... more...

Finance » Wealth Building | By Adam Khoo @ Sunday, 28th October 2007 @ 9:33 PM

In the classic best-selling book 'Think & Grow Rich', Napoleon Hill found through intensive research that the five hundred richest men in the world all had one thing in common, they all belonged to a strong support group of like-minded individuals where they received the knowledge, advice, resources, contacts and emotional support to succeed in their creation of massive wealth. Yes. It has been proven time and again that behind every successful individual is a successful team. T... more...

Finance » Wealth Building | By Adam Khoo @ Thursday, 25th October 2007 @ 5:39 PM

Let me illustrate to you a very well known example of the power of goals. In 1952, there was a research study done on the impact of goal setting on the graduating batch of students at Yale University. When asked how many of them had clearly specified and written down goals, only three percent responded. The remaining ninety-seven percent, despite being highly intelligent and hardworking, had no road map where they would be five to ten years after graduation. Twenty years later in 1972, a follow ... more...

Finance » Wealth Building | By Adam Khoo @ Thursday, 18th October 2007 @ 4:40 PM

I am sure that no matter where you are in your career, you desire to create more income for yourself. For most people, only two options come to mind. Either they work much harder in their job and hope their boss notices their efforts and gives them a raise of 5-10%, or quit their job and find another company that will pay them 10-20% more. When I talk about increasing your income, I don't just mean by a measly 5%, 10% or 20%, I am talking about massively increasing your income by 50%... more...

Finance » Wealth Building | By Adam Khoo @ Thursday, 18th October 2007 @ 3:24 PM

The first step to take to increase your savings is to start reducing your expenses. So what is the first expense you must reduce and eventually eliminate? It is the interest expense you pay on consumer debt. While taking on a reasonable amount of consumer debt is necessary for you to afford a car and a house, you must avoid taking on too much for too long a period. Why? Because a 5%-6% interest rate may seem small but over an extended period of time, it compounds to a huge amount o... more...

Finance » Wealth Building | By Stephen Campbell @ Wednesday, 17th October 2007 @ 7:43 PM

Shopping money saving tips is another yet provides useful ideas for you to be able to save money. We are certain, with the soaring of prices in commodities nowadays, it is practical for us to save in order to cater our necessity that will probably cost higher in the upcoming days. Though, we are not certain about of how much price inclinations may we are to face, still it is a significant practice to have savings; one of ways to save is to spend your money allocated for shopping wisely.more...

Finance » Wealth Building | By Adam Khoo @ Wednesday, 17th October 2007 @ 12:40 AM

Let me give you an example of how I lost a potential $4,900 a day when I first started out in the training business by spending too much of my time on the wrong sort of work. Like every small start-up business person, I was a one-man show. Naturally, I had to do everything myself. I had to write proposals to clients, make cold calls, do sales presentations, conduct the training itself, prepare logistics, prepare training materials, do administration and finally, manage the financial accou... more...

Finance » Wealth Building | By Adam Khoo @ Tuesday, 16th October 2007 @ 11:59 PM

How do you achieve excellence in any area within a short period of time? The key is through modeling. Modeling is the technique of finding role models who are the best in their field and then studying and distilling the mental models and strategies that make them the best in what they do. By learning and applying their strategies, you will be able to produce the same phenomenal results they do, or maybe even better. While the role model may have taken thirty years of trial and error to find the ... more...