The Science of Getting Rich – How Anyone Can Become Rich – Part 3

If you have read the two previous posts on “The Science of Getting Rich – How Anyone Can Become Rich then you will already have discovered that being creation oriented rather than competitive and; thinking and acting in a Certain Way will result in you becoming rich. Here in Part 3 we further explore practices in the science of getting rich.

In business, the key-thought in all your efforts must be to convey THE IMPRESSION OF INCREASE in other people’s minds. Continuous advancement and increase in life is what all men and women are seeking. People are attracted to those who can give them more of the means of life and this attraction will result in you becoming rich.

The Advancing Man

THE ADVANCING MAN is one who holds a clear vision of himself as successful in his field, who obeys the laws of faith and purpose, and gratitude. No matter whether you’re a wage-earner or a businessman; whether you’re a doctor, teacher, clergyman etc., you will attract a large loyal following and never be “out of a job”! …(read more)

Some Cautions – There is no limited supply of wealth. Don’t spend any time worrying about how you will meet possible emergencies. Concern your mind with doing today’s work in a perfectly successful manner. No possible combination of circumstance can defeat a man or woman who is proceeding to get rich in the Certain Way…(read more)

Guard Your Speech

Guard your speech. Never speak of yourself, your affairs, or of anything else in a discouraged or discouraging way. Never admit the possibility of failure. Never speak of times as being hard, or of business conditions as being doubtful. When you operate on the creative plane, you can create what you want. When others are having hard times and poor business, you will find your greatest opportunities. Train yourself to think of and look upon the world as something which is becoming, growing. Never allow yourself to be disappointed. Do not hesitate or waver with fear, go on in full faith…(read more)

The Science of Getting Rich may be a hundred years old but Wattles’ ideas are as relevant today as they ever were. Make sure you read more on The Science of Getting Rich Here

The Science of Getting Rich - How Anyone Can Become Rich - Part 2

Do you dream of getting rich? Well, a very simple book called ‘The Science of Getting Rich’ written by Wallace D. Wattles a century ago sets out how anyone can become rich.

If you have read my previous post called “The Science of Getting Rich - Can Anyone Become Rich? - Part 1” then you will already have discovered that everybody has the right to be rich; that we must get rich in order that we can

To set about getting rich you must learn how to use the wall upon yourself. It’s important not to force others to do what you wish done. When you have the picture of your desire strong in your mind all things in the universe are stirred toward bringing what you want into being. There is no room for doubt or unbelief. You must guard your thoughts from poverty if you want to become rich. The poor cannot be helped through charity alone; they need inspiration. Getting rich is, according to Wattles, the best way of helping the poor.

Creation NOT Competition

Further use of the wall - you cannot attain wealth if you hold opposing images of poverty and wealth in your mind. So, there’s no point talking about past financial disasters if you want to focus on getting rich. Think of yourself as becoming rich, instead of growing out of poverty. Be creative, rather than competitive and you will attain riches... (read more)

Getting into the Right Business

You can become successful in any business if you have the right faculties and skills. These are your tools. However, it will be easier to succeed by getting into the right business and using these tools in the right way. It is best to select the business for which you have the best developed talent and ideally one which you have a strong desire for. Desire brings power. This will result in your getting rich more easily and also with the most satisfaction. You may have to spend time doing what you do not like in order that you make it possible to do what you want. The best way, generally, to change business or environment is through growth...(read more)

The Science of Getting Rich may be a hundred years old but Wattles' ideas are as relevant today as they ever were. Read more on The Science of Getting Rich Here.

The Science of Getting Rich – Can Anyone Get Rich? Part 1

Wallace D. Wattles, in his 1910 book The Science of Getting Rich, details how you can get rich but his reasons for doing so are much more than the simple attainment of money and wealth. Prosperity – however you define it – is a timeless desire. According to Wattles, getting rich has a very important premise: He asserts that the desire for wealth is not specifically or solely centered on money but rather it is a measurable way of expressing our desire for a fuller, better, more meaningful life. Below are outlined some of the key ideas from the book which I believe are essential for the creation of wealth.

• The Right to Be Rich – According to Wattles each of us has the right to be rich. He asserts that it simply isn’t possible to live a really complete or successful life unless one is rich.
• The Science of Getting Rich - an exact science that has nothing to do with your environment or the possession of talent.
• Doing Things in a Certain Way – Getting rich is the result of doing things in a Certain Way that causes success.
• The Abundance of opportunity – Opportunity is everywhere for the man who will go with the tide; instead of trying to swim against it.
• The Power of thought – Having the right mindset is the first step toward getting rich.
• Increasing Life – You are neither destined to be poor nor rich. Life’s purpose is increasing life so we must get rich, so that we can live more.
• How Riches Come to You – have a clear picture in our mind and claim it as if it were already ours: in other words, we must dream big, see it clearly and behave as if we have already achieved the thing we desire!
• Gratitude – Gratitude will ensure your thinking is that of supply as unlimited. Faith is born of gratitude.

The Science of Getting Rich may be a hundred years old but Wattles’ ideas are as relevant today as they ever were. Read more on The Science of Getting Rich Here.

How to Get Rich with Household Budgeting!

Getting rich is ultimately achievable by first stopping the process of becoming poorer.

When we think of How to Get Rich, we probably think of business tycoons like Richard Branson owning multiple businesses or real estate veterans like Donald Trump buying, selling real estate. Yet, initial wealth creation can start at a much simpler level. A very simple wealth creation fundamental is the rather unexciting yet highly powerful personal financial management skill we call ‘household budgeting’.

Household budgeting plays an important part in the process of eliminating debt, managing expenses and ultimately getting richer. Initially it can feel like an uninspiring task to undertake and ultimately manage so, not surprisingly, few people create a household budget and even fewer still stick to it. Yet it is an eye-opener for many people to learn that household budgeting is a key strategy in ultimately becoming rich.

The Leaky Bucket Syndrome

To demonstrate how vital household budgeting can be we can use a very simple illustration: Imagine that your job is to fill a bucket of water and carry it from point A to B. The more water you carry to point B, the better. However, your bucket is only half full when you get to B because lots of water has leaked out of numerous holes in the bottom of your bucket.

The obvious answer to this problem is: “Find a bucket without any holes in it dooh!”. But in the real world, where our income is equivalent to the water and our bucket is our bank balance, we often don't think about plugging up the holes. Instead, we try to figure out more ways to pour more "water" (i.e. income) into our "bucket"! This is fine so long as the leaky holes are plugged first.

Running your Household like a Business

The FIRST STEP in establishing any possible leaks in your bucket is to collect all of your necessary financial information. Start tracking all your expenses: categorize your expenses into both household and personal expenses; accurately estimate how much you spend on each on average each month.
The NEXT STEP is to enter your NET income (after tax) above the expenses and subtract one from the other to determine whether there is a negative or positive balance at the end of each month. If you end up with a negative balance do not reduce your original expense estimate to try and end up with a positive balance. We must be 100% honest with ourselves at this stage...

To read the full article and find out more techniques on effectively managing your budget go to: www.millionairemindsetsecrets.com

Creating Wealth - 7 Insider Secrets of Wealth Creation

Many people dream of living a life with no financial worries but few free themselves of the shackles of their 9-5 day jobs. Here are 7 important factors you need to know so you can be successful in creating wealth.

Rarely will people be interested in creating wealth purely for the sake of having it. Frequently, it's because they want a cushion of prosperity so they don't have to worry about making ends meet. Below are 7 things you need to know to be successfully creating wealth in your life.

• Define What “Wealth Creation” Means To You
• Don’t Try to Earn Your Way to Wealth
• Learn How to Leverage Time, Talent & Money
• Build a Winning Team around You
• Be Willing to Invest and Take Calculated Risks
• Know When to Borrow Money
• Play Your Own Game

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How to Get Rich – 7 Secrets from the Richest Man in Babylon

Babylon. Its very name conjures visions of wealth and splendor. Its treasures of gold and jewels were famous throughout the ancient world. The book, The Richest Man in Babylon by George S. Clason, was first published in the 1920s. It is written in parable form using old-English and speaks of gold and gold coins in lieu of modern-day currency but the message is right on the money (excuse the pun)! In the book, Babylon is experiencing an economic downturn and the King approaches the richest man in Babylon called Arkad to teach Babylon’s citizens on how to create wealth.
I’ve prepared a summary of the fundamental ‘how to get rich’ tips from Chapter 3 in the book called “7 Cures for a Lean Purse”. Here are the first three:

Step 1: Start Thy Purse to Fattening
Spend only 9 out of each 10 coins earned. Save one-tenth of what you earn for yourself for worthwhile use in the future. This is the crucial first step on your journey to becoming rich.

Step 2: Control Thy Expenditures
Budget for your expenses. Make sure you have enough coins to pay for your necessities. Only pay for your enjoyments and gratify your worthwhile desires if you can do so without spending more than nine-tenths of your earnings. Make sure that you can continue to save one-tenth of what you bring in.

Step 3: Make Thy Gold Multiply
Put each coin to labour so that it may reproduce its kind. As you start to build up your savings, invest that money so that it makes more money for you. Don’t leave your savings sitting dormant in a bank account (unless it’s a very high interest rate savings account). Worse still, don’t leave it under your mattress depreciating in value!

To read the full article, go to: www.millionairemindsetsecrets.com