My Wealth Desire

Wealth Building Strategies & Steps to Financial Success

December 11, 2014
by Wealth Desire
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Christmas Money Saving Tips that You Will Consider in Celebrating Holidays

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Christmas money saving tips is important to consider in celebrating holidays.  It is practical not to waste too much money on buying and spending things that are costly.  What matters most is you celebrate the true meaning of Christmas.

The excellence of a gift lies in its appropriateness rather than in its value. – Charles Dudley Warner

Christmas is the time to share and cherish the goodwill.

The most important meaning of celebrating the yuletide season is to give love and sharing blessings to our love ones and other people around us.  Giving gifts is not necessarily the most expensive one but as long as it is meaningful to the receiver.

Practical Ways of Celebrating Christmas

Practical Ways of Celebrating Christmas

8 Best Christmas Money Saving Tips

Reuse old Christmas decors

It is practical to reuse your old Christmas decors.  We bought our Christmas tree three years back and still in good condition.  After the yuletide season, you can keep immediately your Christmas balls, lights, lanterns and others so that you can use it again in the next Christmas.

Every year, the price and cost of Christmas decors are keep increasing.  Avoid over decorating your house with expensive decors.  The simpler the design, the better.

Prepare a Christmas Plan and Budget

It is a good idea to have a plan how you will celebrate your yuletide season. Make a budget how much you spend for the gifts, foods, shopping and house decoration.  Stick to your budget and plan.

Christmas is not the time of overspending but the time of giving.  You should give something from the heart.  It is not important how much is the price tag of your gifts but the essence and spirit of celebrating Christmas.

Real Spirit of Christmas

Real Spirit of Christmas

Use Your Credit Card Rewards

It is now time to redeem your credit card points or rewards.  This is one of the practical Christmas money saving ideas.  You can use your rewards for shopping and buying gifts.

I will use my credit card rewards for this year to purchase clothes for myself.

Avoid Spending too much on food

Another ways to save money at Christmas is to void buying too much food.  Most foods are perishable and it is not good idea to stock it in the fridge.

Plan what menu you will prepare during Christmas or New Year.  Two or three menus are enough to fill up your stomach.

Give Personalized Christmas Cards instead of Gifts

If you have a skill to draw, you can create your own version of Christmas cards.  It is more practical to make personalized Christmas greeting cards rather than to buy branded one.

Again the practical way of celebrating Christmas is not to spend.  The most important is your pocket is full and happy.  Show your love and care to your love ones.

Remember that there is a personal touch on your own cards.  Many people now will appreciate your arts or creative design.

Look for Discounted Price

Always look for discounted price when buying foods, Christmas gifts and decors.  Sometimes bulk items are cheaper than buying one piece.

Online shopping can give you lower price and at the same time you can avoid traffic and hassle.  In fact, this is one of my favourite Christmas shopping saving tips.

The items will be delivered in your front door without wasting your precious time and money for fuel.

Christmas Shopping Saving Tips

Christmas Shopping Saving Tips

Avoid using Credit Cards for Christmas Shopping

To control your overspending habits or temptation of spending more, it is recommended to leave your credit cards at home.

It is proven that using cash to buy can save money during Christmas shopping.  There is pain or uncomfortable psychological reaction if you handover your cash to the cashier rather than credit cards.

You can use your card only to redeem the points or rewards.

Shop Early as Possible

Shopping ahead of holiday seasons give you ample choices to buy non-seasons gifts at lower price.  The price of wine and chocolates are cheaper before December.

Last minute spending means you are shopping with time constraint.  You cannot select quality items.

Meaning of Christmas

Meaning of Christmas

Related Topic

                                How to Make Money on Christmas Holiday

Cheap Christmas Gifts Ideas for Married Couple

Why Wealthy People Are Living Below Their Means

Key to Wealth Building – Secret to Get You Rich Fast

Tips on How to be a Millionaire

Bottom line

We can celebrate a joyful Christmas while practice saving money habits.  We can still be frugal while giving and sharing to others all our blessings.

Remember what Richard Bach said,  “Every gift from a friend is a wish for your happiness”

To all my readers : I will wish you a Merry Christmas!

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November 27, 2014
by Wealth Desire
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The Importance of Saving Money for the Future

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Importance of Saving Money for Future

Importance of Saving Money for Future

Saving money for the future is one of the great habits of wealthy people.  The rich is getting richer because of the way they spend their money.

They have successful habits of controlling their expenses in order to grow their wealth.  One example is Warren Buffett, one of the world’s wealthiest.  He always practices spending money wisely.

He is not fond of buying expensive things.  He knows the benefits of saving money.

Saving money does not mean that you have to be frugal.  You can spend your income provided you pay yourself and save first.

“You must learn to save first and spend afterwards.” – John Poole

If you want to achieve your financial goal the most important step is to save first.

You cannot grow your wealth or money if you will not start saving first.  Don’t you know that Mark Zuckerberg, one of the youngest billionaires and co-founders of Facebook, is great saver?

During their weeding, the reception was held in their backyard in Palo Alto, California rather than in a fancy five star hotel.  During their honeymoon in Italy many people saw them eating in McDonalds.  This guy is still wearing ordinary t-shirt to work every day.

I understand why he practices saving habits.  Saving money is important to him to grow his wealth more and fast.  He use extra money into other businesses, investments and acquisition.

Saving Money for future vacation destination

Saving Money for future vacation destination

5 Importance of Saving Money for Future

“Save a part of your income and begin now, for the man with a surplus controls circumstances and the man without a surplus is controlled by circumstances.” – Henry Buckley

  1. Start investing

With your savings you can immediately start investing.  However if you are overspending your income, there is no money left for investment.

Carlos Slim Helu the world’s second richest man is very keen of saving money at young age.  It became his habit to save money out of his allowance.  Every week he was reviewing with his father his saving development.

With his saving money, he started buying stocks of Banco Nacional de Mexico at the age of 12 years old.

 

  1. Gives Protection

 

“All days are not same. Save for a rainy day. When you don’t work, savings will work for you.” - M.K. Soni

Saving money for the future gives you protection for unexpected circumstances.  You don’t know what will happen to you next days or weeks. If you will lose your job still you can survive while looking for a job because you have your savings.

benefits of saving money

benefits of saving money

You will not stress out if there is an emergency because you have money to spend of.

  1. To have a debt free life

Living below your means can give you plenty of room to save.  You can use your savings to increase your monthly amortization in order to pay off your mortgage early.

You can also pay down your debts from friends, family and even other lenders.  The bigger you have saved the earlier you can achieve debt free life.

Saving money offers a worry free life.

 

  1. Retire Early

People who are fond of saving money early for future can retire early.  These are the people who are thinking about their future, dream life after 10 years or 20 years.

Saving for Retirement funds

Saving for Retirement funds

They sacrifice not to spend things that are expensive.  They are particular on preparing themselves to quit the stressful life of working with someone. They are putting savings to their retirement funds.

If you want to retire early, you have to start saving early.  It is the power of compounding interest will work hard in your favour and to your savings.

 

  1. Improve Financial Being

Having a saving habit will improve your life.  It avoids you from overspending, debts and stress of thinking of your financial obligation and financial struggle.

You are committing yourself to improve your financial status.  You care to achieve your financial goals.

Bottom Line

Saving money for the future is very important.  Today will not be the same as tomorrow.  You don’t know when the rainy season will come.

Every day is full of surprises and to be ready with uncertainty is to save now for your future.

Related Topics

 

How to Achieve Goals and to be Wealthy

Why Warren Buffett and Carlos Slim Started Saving Money Early

Why Wealthy People Are Living Below Their Means

10 Top Tips to Save Money on Groceries

Proven Ways on How to get Richer

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November 20, 2014
by Wealth Desire
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Why Financial Education is Important in Achieving Financial Success

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Financial Education is important to achieve financial success

Financial Education is important to achieve financial success

Financial Education is the first investment a man should have.  Gaining adequate financial knowledge can be useful in creating wealth, making money and even quitting a job.

Personal education about money and wealth is the key to unlock the door of financial success.  Without knowledge about finances, a person cannot create financial planning for his future.  A person cannot improve or change his life without education.

It was on the first quarter of 2005, I visited one of the book stores in Dubai.  I was intrigued by the book entitled “Rich Dad Poor Dad“.  I read few pages and I love the contents.

Everyday is vacation day if you have financial education

Everyday is vacation day if you have financial education

Then, I decided to buy it and bring it to my room.  I read the whole book and the rest is history.

This blows my mind.  It changes my life with the way I think and spend my money.

That was the start of my awareness and learning process about money and wealth.  I was awaken by the truth of finances and why rich people get richer.

Financial literarcy is the key to wealth building

Financial literarcy is the key to wealth building

It is true that there are no financial literacy lessons in school.

Financial education is not only for those who own tons of money.  This is very important for everybody.  In fact, if you don’t have this, you will be in financial trouble.

“The number one problem in today’s generation and economy is the lack of financial literacy.” – Alan Grenspan

Before, prior to reading this book, I am not aware at all how wealth is created.  Then, I found out that it is possible to build wealth from nothing.

For me, Rich Dad Poor Dad book is one of a great financial education books.  It opens my mind and heart.

I learned also that we can let our money work for us.  Not like the other way around that we are working for money yet still short of money.

Lack of financial know-how keeps a person poor.  It is the ignorance that blocks us the door to financial success.

Financial literacy can help us to take advantage the tax loophole, to lower the risk of losing money and securing a better financial being.

Financial education is the most powerful weapon which you can use to change your life and your financial being.

Financial education is the key to financial success.  Reading books like this is the starting point to be financially literate.

We are the main driver of our life.  If we want to change our economic or financial status, we have to be financially literate.

Rich people are armed with this education.  That is why they are buying time to get rich.

Before making the first step of investing your money, you should invest first yourself.  Learn and acquire the knowledge that successful people have.

Rich people invest in acquiring knowledge.  They get richer because they are full of financial knowledge and wisdom.

Invest yourself to become financial successful

Invest yourself to become financial successful

“An investment in knowledge pays the best interest.” – Benjamin Franklin

But for all those who are illiterate, they are selling their time to the wealthy people.  Employees are trapped with their job because they are contented to trade their time.

Never overestimate or think that successful people are smarter than you.  Some of them are college dropped out or an average only.

One of the geniuses in terms of finances is Bill Gates who bought the time of Mr. Michael Larson to manage his business while he is enjoying most of his time.

Bill Gates is a very busy man, managing his foundation, Bill & Melinda Gates Foundation.  He hired Mr. Larson to oversee his company, Cascade Investment LLC.

He became the world’s richest man again even without managing his businesses like Microsoft, Cascade Investment and many more.

He uses his financial education to buy time.  He keeps earning bigger income using other people.

Financial Literacy

Financial Literacy

Conclusion

Billionaires and millionaires become financially successful because of what they learned about money.  They used their financial knowledge to take advantage every opportunity comes on their way.

In fact most wealthy and rich people are paying taxes lower than the middle-class family or their employees.

If you want to become successful, you should do what successful do.  If you want to get rich, then you should arm what wealthy people have.

Related Topic:

7 Wealth Creation Secrets of World’s Richest Man

Top Ten Best Personal Finance Books to Become Financially Successful

Why Warren Buffett and Carlos Slim Started Saving Money Early

Small Business Venture and Next Wealth Building Steps

 No. 1 Secret of Rich People        

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November 13, 2014
by Wealth Desire
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Personal Financial Planning Is Important For Creating Wealth Fast

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Personal Financial Planning

Personal Financial Planning

Personal financial planning is one of the most important steps in creating wealth fast and building fortune. You will never get rich if you don’t have this. With proper financial planning tool, you are creating a clear pictures of your own dream wealth.

Yes you may not see your future now. However, you can start to create your future. Planning is the key to create the life of your dreams.

A pilot of an airline cannot see first his end destination but with appropriate tools, it helps him or her to reach his/her journey.

Imagine if you’re riding an air plane with a pilot who had not planned ahead how to reach your flight destination, for sure you will never reach to your correct destination.

A pilot needs to set the speed, the radar, communication and set the appropriate directions.

Why Personal Financial Planning Is Important for Creating Wealth Fast?

Financial planning can change your life. It can tells you your present financial location.

It can give you a right direction. This can help you creating wealth fast.

Tool to Create Wealth Fast

Tool to Create Wealth Fast

In our case, If we din’t plan our finances, we cannot pay off our home mortgage. We budget our money wisely. We set a higher payment every month in order to finish paying as early as possible.

We know that if we keep paying small amortization every month, it will take a longer time to pay off. The longer the time, the higher the amount of money we are wasting for the interest.

Same with my car loan. I set to pay it off within 4 years. I don’t want to have longer period of loan contract with the bank.

I know that most successful people retire young and rich because they plan ahead their life. They apply action based on their plan. They focus on the action or taking path that can help to achieve financial success. The secret is they have a simple but attentive preparation of getting rich.

It is important to set up now, how you will spend your money. What are your strategies to make more money or to grow your money? The right time to make plans for yourself to be wealthy is now.

Rich people are retaining wealth adviser. Wealthy people get richer because they have financial plan. Wealth adviser is the one who is creating and updating all financial management plans for theirs and their families’ wealth.

Personal Planning in Creating Wealth Fast with License Financial Planner

Personal Planning in Creating Wealth Fast with License Financial Planner

The Importance of Personal Planning in Becoming Millionaire

 

Like Anton Ivanov of Financial.com, at early age of 16, he had already a plan to become millionaire. He plans carefully how to save his income from Subway and how to get education. Now at the age of 27 he is a self-made millionaire.

He plans wisely which career will have a financial advantage. At an early age, he set up also how to invest his money and how his money will work for him.

Planning is bringing the future into the present so that you can do something about it now. – Alan Lakein

As soon as we paid off our main home mortgage, we set new plan to save. We set certain amount of money that goes directly to our monthly saving. We keep our cost of living low.

Our personal financial plan is to save bigger amount every month in order to have a debt free life early. We don’t want to experience again any harassment from the lenders or bankers.

Before, I experience not paying the monthly due for one of my four credit cards. Then, I got a call from the bank and they are telling me that they will report to the police if I will not pay it.

In Dubai or any part of UAE, any bank can report you to the police once you default paying your credit card or loan. Read here about the “Late Payment Credit Cards Worst Consequences”.

Personal Financial Planning for the Fastest Way to Build Fortune

Personal Financial Planning for the Fastest Way to Build Fortune

This experience made me decide that I don’t want it to happen again in my life. I want to have a worry free life. I like to sleep at night without thinking about the harassment from my lenders. From now on I use financial plan to improve my financial being.

Bank wants to control our finances and our life. But I hate this. That is why I keep saving as much as possible. This is also one of the reasons that I paid off my mortgage early.

Summary

Personal financial plan is a tool like a map and navigational instrument that will help us in our journey toward a successful path.

Indeed, financially planning is one of the greatest tools to create wealth fast.

Related Topic

Personal Financial Planning: The Effective Wealth Strategies

Achieving Financial Success – 5 Secret Steps to Achieve It Easy

How to Get Debt Free Life

No. 1 Secret Of Rich People

Proven Ways on How to Get Richer

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October 30, 2014
by Wealth Desire
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How Money Mindset Affects in Achieving Financial Goals

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Achieving financial goals

Achieving financial goals

Having a right mindset about money is the first step of achieving financial goals in life.  If you change your money mindset, you can change your life. It is the attitude and state of mind that stimulate your being to achieve your desired wealth.

Everyone can build wealth from nothing.  Most of the successful people started from being broke or from bowels of poverty. It all begins how they set their money mindset.

Successful people like Bill Gates, Carlos Slim Helu, Steve Jobs, Warren Buffet, Mark Zuckerberg , Amancio Ortega and others self-made billionaires and millionaires have common mindset.  They accumulated massive wealth because they have a high level money mindset.

It is not impossible for ordinary people to become financially successful if he or she has positive mindset and motivation.

 “I truly believe in positive synergy, that your positive mindset gives you a more hopeful outlook and belief that you can do something great means you will do something great.” – Russell Wilson

Life if you Achieve Success

Life if you Achieve Success

How Money Mindset Affects in Achieving Financial Goals

A human mind has a big role in attaining financial goals. A person cannot act or apply actions if his or her mental attitude is not aligned to his/her objectives.

Money mindset has a positive effect in aiming success.  It motivates, inspires and boosts everyone.  It also stimulates a person to apply action up to the desired level of success.

Mindset Makes a Person Motivated

Succcess Mindset to attain financial goals

Succcess Mindset to attain financial goals

Having a right mindset makes a man motivated to work hard or to achieve smartly his goal in life.  It gives an excitement feeling.  It energizes the senses of human being.

If you are motivated, you are full of energy to achieve what you want in life.  You cannot wait the time to tackle your journey in reaching your goal.

“When you look at people who are successful, you will find that they aren’t the people who are motivated, but have consistency in their motivation.” – Arsene Wenger

Many people become successful because of their rich mindset.  They attain their objective because of goal-mode mindset.  It is because of motivation, it works naturally to you.

If you dream to become wealthy, then, put your mindset into abundance and prosperity of money.  You feel better to work regularly accumulating wealth and earning higher income.

Mindset to achieve success influence a lot your mind and motivation.  It greatly inspires you to show your strength and potential.  You become confident of achieving your wealth.

Successful people are motivated to build fortune to get rich.  They are inspired to invest and to grow their money.  Their excitement helps them choose the right strategies of investment and creating wealth that suit for them.

You will observe that the more you are enthusiastic the more money you will make.  Enthusiasm is the result of motivation.  You become eager to provide quality services and products that most people love to buy it or patronize from you.

Mindset Energize a Person to Act

Succcess Mindset to attain financial goals

Succcess Mindset to attain financial goals

If a person has a positive attitude on how to succeed, he is committed to his goal.  He or she makes a solid plan on how to do it or achieve it.  Successful person is not intimated about failure.

Successful men and women are not giving up until they achieve what they want in life.   With a right mentality, these men and women are not easily getting bored to change their life.

In fact, they are mentally stimulated to work hard to become successful.  Most of the successful people did not lose hope.

Take a look at the life of Richard Branson, a British billionaire; he failed many times before he became successful.  He tried different businesses before his Virgin brand became a globally famous brand.

“Develop success from failures.  Discouragement and failure are the two of the surest stepping stones to success.”  – Dale Carnegie

It is better to learn from failure than to afraid from it.

Mindset is the driving force of a person to act.  A goal without action becomes a wish.  With a right success mindset, a man becomes powerful to work harder in achieving richness.

Mindset is the internal force to push our own self naturally to cross the barrier of achieving financial objectives.

“In order to carry a positive action we must develop here a positive vision.” – Dalai Lama

Keep in mind that an action is the key to achieve financial goals. The very difficult stage is the first step of action.  However, once you started doing it, it stays in motion.

Remember that it is impossible to become financially successful without applying action.  Money will not grow or multiply if you will not invest it.  You will not have multiple streams of income if you did not accumulate multiple assets.

In every action there is an equal level of success.

Achieve your Financial Success and relax in this place

Achieve your Financial Success and relax in this place

If you keep applying action it means you are increasing the momentum force in your mind.  It creates a powerful effect to reach your desired level of success.

Action is carried out from the instruction of the brain.  The brain gets all information or data from our mindset.

Indeed, success can be achieved once you applied action.

Summary

Financial success can be attained if we set our mind based on our desire.  A positive mindset gives confidence to us that we can do anything or extremely exceptional in order to meet our financial goals.

Mindset gives us energy, strength, enthusiasm and determination to conquer the barriers.  It is the mindset to achieve goals that makes us motivated to do without complaining.

It is also the driving force to act.  It turns us to be always on the go in achieving success.  We feel the fulfillment once we become financially successful.

Related Topic

How to Achieve Goals and to be Wealthy

The Truth of Creating Financial Wealth and Its Advantageous Rewards

Secret for Getting Higher Salary

How to Build Wealth from Scratch – as an Employee

13 Ways to Solve Not Having Enough Money to Live on

 

 

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October 23, 2014
by Wealth Desire
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Building Wealth from Scratch Success Stories of Top Billionaires

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Billionaires Wealth building from scratch

Billionaires Wealth building from scratch

Building wealth from scratch can happen in real life of ordinary people. How many billionaires and self-made millionaires are using these strategies to create wealth from nothing like most of the successful people who created their fortune using their resourcefulness?

If you have a burning desire to get out from rat race and want to make money without a monetary capital, then you don’t have to be worried. There is always a means if we want to. Creativity can make you wealthy.

In fact, there are many rags to riches stories. I admired the stories of wealthy people who came from unfortunate families or from bowels of poverty. They achieve their dream wealth through their own resourcefulness.

Many immigrants who were new to their adopted country that became self-made millionaires or billionaires.

I read that some of them came to USA to study or to earn a degree from different prestigious universities in the United States.

Then after earning the degree and few years of working, they set up business from scratch.

How successful and wealthy people create wealth from nothing?

The Richest Man in Asia

Yes, not all business can be set up from the businessman own money. There is always a means to start up if you desire to have a business. The inspiring stories of Asia’s richest man, Li ka-Shing is one example who builds his empire from borrowed money.

Li ka-Shing Wealth from Nothing

Li ka-Shing Wealth from Nothing

At the age of 22, Li ka-Shing started his plastic flower manufacturing company from borrowed money. He loaned from his family and that was the start of Cheung Kong Industries.

Related Interest: No. 1 Secret of Rich People

To make his factory business profitable and viable, he hired only the best salesmen and best technician in Hong Kong.

When he expanded his business into property development and real estate, he used other people’s money again before building the apartments. He applied the pre-selling technique to his friends, associate and colleagues to fund his property development project.

Wealth can be created through starting business. Any business can be set up even without the owner’s capital. Like Li ka Shing, he/she can utilize the other people money to create his/her fortune from nothing.

It is really true that we can build our own wealth using other people money.

Related Interest: Best Personal Finance Tips from the Billionaires

Europe’s Richest Man

The Europe richest man is famous of building his wealth from nothing. He is a son of a railway worker. I am sure he cannot accumulate $55.6 billion of net worth (October 2014) without his creativity and determination.

Amancio Ortega Wealth from Scratch

Amancio Ortega Wealth from Scratch

In 1960, he became manager of a local clothing shop and at the same time, he observed that only affluent family could afford to purchase expensive clothes. Through his desire to offer affordable clothing to his countrymen, he started buying lower cost textile from Barcelona. That was how he used his creativity to build his own business.

Related Interest: Proven Ways on How to Get Richer


Then, he cut the fabric into pieces using a cardboard pattern and sold his products to other local shops. In 1972 he founded the Confeccioness Goa, selling quilted bathrobes. With his ingenuity and resourcefulness, he contracted and organized the local women to sew his products.

He knew that the local women will accept the job with little money. This is another vision to produced inexpensive products but quality made.

Amancio Ortega knows at young age that he can make huge money from starting business that serves the customers demand. He used his creativity to achieve his dreams at the same time while building his wealth.

Creating Wealth from nothing

Creating Wealth from nothing

Conclusion

Building business is the best strategies to build fortune for most billionaires in the world. In starting business, it is not important to have money.

You can start business and wealth from scratch. Your creativity is the key to build wealth. Indeed, it is the creativity that makes money.

RELATED TOPIC

Small Business Venture and Next Wealth Building Steps

Key to Wealth Building – Secret to Get you Rich Fast

Wealth Buildings like Jim Rogers: 5 Best Ways to Invest in Silver

Top 5 Richest People in the World and Billionaire’s Wealth Building Strategies

Top Ten Best Personal Finance Books to Become Financially Successful

 

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October 9, 2014
by Wealth Desire
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Amazing Reasons to Start Your Own Business

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Successful People Who Started Their Own Business

Successful People Who Started Their Own Business

Starting your own business might be the answer for your problems. Do you want to live like the luxurious life of what successful people do? Billionaires like Bill Gates, Mark Cuban, Mark Zuckerberg, Larry Ellison, Richard Branson etc. are the living proof that they become wealthy because of their own business.

Setting up and managing business is not for all. Many of us still preferred to work for someone. Don’t get me wrong about this; I know most of these types of people love to have security.

Employees or working people don’t want to gamble their love for freedom. They are contented to live pay-check to pay-check. They love to get benefits from their company.

However, I am admired those people who step out from their comfort zone to seek their freedom and passion. These entrepreneurs quit their jobs to start their own business.

Entrepreneurs are risk players. They don’t mind the risk involved in leaving a secure job. They are not afraid to conquer the uncertain of doing business.


Entrepreneurs are not contented to follow what their supervisors or managers tell them to do. They believe on their faith, the faith to do business without somebody dictating them.

5 Great Reasons to Start your Own Company

If you want to quit your job or get out from rat race, building your own company is the solution. To know why, find out here the amazing reasons.

  • To have flexible time

Being an entrepreneur, you have the control of the most precious wealth on earth. You can decide what time you will visit your business or set a meeting with your staffs.

You have the flexible time when you will get up from your bed. The choice is yours to decide your time preference

Entrepreneur who can meet his staff in his preferred time

Entrepreneur who can meet his staff in his preferred time

.

Do you experience begging from your boss to allow you to take a leave or a short vacation?

Imagine, you can visit your family or love ones any time without getting approval for your leave application or asking permission from your boss.

  • To earn more income

If you have a dream to create wealth while you are young, you need to have a bigger income. Earning higher income while maintaining your low cost of living will absolutely achieve this dream.

Due to the desire to increase income, many people decided to venture into business.

During the honeymoon stage of the business, the income or revenue is still small. However, as the business growing, the income becomes bigger.

In business, your potential revenues or income is higher and even unlimited. You as the owner you can control how much you earn either small or big. Not like if you are an ordinary employee, your income is limited.

  • To have a Priceless Freedom

Having a freedom is like winning a jackpot prize. In fact, freedom is a priceless state. There is no harm or bad about achieving financial and personal freedom.

Most of us want to quit our job in order to be our own boss. We desire to be our own business. It is because we believe that being an entrepreneur or having business can help us reach freedom faster.

Start your Own Company now to have freedom to enjoy this paradise

Start your Own Company now to have freedom to enjoy this paradise

It is true that the burning desire of every aspiring entrepreneur is not merely to be a boss but the precious freedom.

Being your own boss, you have also the freedom to choose your work place. Many modern entrepreneurs chose to have his/her office and work place in the comfort of his/her own home.

They can monitor their business through on line communication, correspondence, email and telephone.

Online and internet entrepreneurs are the new brand of businessmen and businesswomen. They are working most of the time at their home office or at remote places. They can work even they are on vacation.

  • To Build Wealth and Legacy

One of the safest ways to build wealth is through having a business. Most of the wealthiest persons in the world have their own business.

Bill Gates built Microsoft to be one of the great global companies. He has also one holding company that making him richer every second or minute. Cascade Investment LLC is the real secret why Bill Gates remains the richest American man and the world’s wealthiest person.

Carlos Slim Helu has plenty of businesses and conglomerates. He builds his fortune through his businesses. He will not accumulate $81.6 billion net worth (as of October 2014) without his conglomerate or various corporations.

Billionaires Who Build Wealth Through Business

Billionaires Who Build Wealth Through Business

Like these two guys, I am positive that through setting up your own business can absolutely build your own fortune that you can pass on to your children.

You can transfer your wealth or your business not only to your children but also to your grandchildren or to the next generations.

  • To have a sense of pride

Running your own business can boost your confidence and pride. You develop a high sense of pride with your own establishment.

Your company is the outcome of your hard work, creativity, dedication and good customers/employees relationship. You then become proud of the success of your enterprise.

You gain a sense of pride because you create jobs, you help other people and you pay taxes to the government. You become fulfilled because you earn out from your passion and being a responsible citizens as well.

Being Your Own Boss you can afford this properties

Being Your Own Boss you can afford this properties

Entrepreneurs are happy to do what they love to do. They are delighted to work without someone telling them what to do.

Indeed, as a businessperson, you became satisfied with your life and accomplishments because it is the realization of your dream.

Conclusions

Starting your own business or company will change your life positively. At the start of your business it requires too much hard work, planning, marketing, capital and time. However, the rewards that you will reap from your establishment are really worth it.

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October 2, 2014
by Wealth Desire
0 comments

Progress of My Debt Free Journey

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Financially Free Life

Financially Free Life

Absolutely, debt free life can be achieved by anybody. People with determination and persuasion to pay off debt are amazing. For me, this is a big challenge to have a better family financial future.

To be financially free is a priceless state. Once you pay off your debt, you are worry free from your financial obligation, creditors and lenders.

Financial planning, budgeting, discipline and lifestyle are the few factors that will help us improve our no liability journey. I am sure that if we are equipped with these, we can easily achieve our financial independence.

Updates for My Debt Free Journey

I will humbly share here my progress towards my commitment to have a financial freedom and no liability living.

I am grateful and proud to say that we already full paid our home loan just this end of July 2014. This is our small house. Our journey is not a short cut one. It took us six years continuously paying the monthly amortization.

Our car loan was also paid off last May 2012. Presently, my car is still in good condition and I am using it every day. What I only spend now is for its maintenance and fuel.

Pending Financial Liability

We are still paying our lot property investment. There is one and a half more years to pay it fully. We purchased the property in a gated community 10 minutes away from the crowded city.

We are planning to pay out this property within one year though we don’t have plan yet to build a house in this lot.

We have also a condominium unit that we bought in pre-selling. The unit is not yet turned over to us. We are also planning to sell this unit very soon.

The money from the condo unit will be used as a capital for another business ventures in the future. As much as possible we are now avoiding bad debt like this.

Paying off Home Loan

Paying off Home Loan

I want to pay off my debt as much as possible. I know that by paying off debt I can I achieve my desire to be financially free earlier.

I want to have a freedom from debt and financial obligation from the banks or lenders.

Most of the people who hate their jobs cannot quit because they are trapped with debt problems. Unfortunately many of us keep working. We are still in the rat race.

Actually, having a free from financial liability is the first step to get out from rat race.

We understand that by paying early we can go to the next level of our life. We want to expand our existing business as soon as we can.

We can only do this if we don’t have debt. If we don’t have any financial obligation, it means a lot to us. We have the capability to save more and invest more.

Actually our journey to be financially free and to be our own boss started since two years back. We decided at that time that we must stop working with someone.

We want to run and manage our own business. We decided that working to someone or to anybody is enough.

Debt is the slavery of the educated and bright people.

We are working hard to let our company and boss get rich. We trade our knowledge, skills expertise, energy and time with money.

A man in debt is so far a slaveRalph Waldo Emerson

Working with someone is the modern type slavery. You are not only slave by your boss but you are also slave by money.

Money controls your being. It is because of money you force yourself to wake up early in the morning. You waste too much time in the traffic or in commuting.

No Liability & Debt Free Journey

No Liability & Debt Free Journey

Conclusion for Financially Free Life

In this journey, we experience a lot of obstacles and hindrances. Yet, we are determined to keep moving toward our end goal.

Anyway, in getting out from debt takes time and there is always no short cut.

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