7 Wealth Steps to
Wealth is the abundance of valuable resources or material possessions or the control of such assets. The word wealth is derived from the old English wela, which is from an Indo-European word stem.[1] An individual, community, region or country that possesses an abundance of such possessions or resources is known as wealthy.
INDEX: 1. Understand what the word value means and then understand what the market place is. 2. Understand the equation Wealth = Value x Leverage + Control 3. Think of 10 action steps you could take right now to create more value in you and what you are currently doing. 4. Move your action into a goals program to make sure you achieve them 5. Learn how to celebrate 6. Complete a full goals cycle, set the goal, achieve the goal, celebrate. 7. Build on the goal make it harder and harder, bigger and bigger when you achieve it. Conclusion Acknowledgements
7 Wealth Steps to
8 Types of Entreprenur ... Which are you?
Step 1 Understand what the word value means and then understand what the market place is. Value : http://en.wikipedia.org/wiki/Value_(economics) The economic value of a good or service has puzzled economists since the beginning of the discipline. First, economists tried to estimate the value of a good to an individual alone, and extend that definition to goods which can be exchanged. From this analysis came the concepts value in use and value in exchange. Wealth maximization predicts that a person will choose to obtain the goods or service in the place where it is cheapest, where the amount given up is the least. Market Place : http://en.wikipedia.org/wiki/Market_place A marketplace is the space, actual or metaphorical, in which a market operates. The term is also used in a trademark law context to denote the actual consumer environment, ie. the 'real world' in which products and services are provided and consumed.
Step 2 Understand the equation Wealth = Value x Leverage + Control What is your value to the market place, what is it that someone will exchange money / time / love / energy for? Once you know what that is you will see the income you can produce. You will see what will be coming to you (income). Now you know your worth to the market place, how do you control that? How do you add to that value or devalue it? Example: I work as a receptionist and my value to the company is the first impression of the business I work in. How can I increase the value of my position, I can make my interaction with the person calling more valuable to the business. I can develop a system of question while people are waiting to find out how they found the business and why they choose to do business with them. I can make the client aware of new products or services the business offers. I could even recommend new products or services we offer above what the client is interested in. I am now more valuable to this organization therefore my worth to the market place is more.
7 Wealth Steps to
Step 3 Think of 10 action steps you could take right now to create more value in you and what you are currently doing. Examples: Ask your boss, colleges, business partners what are the most valuable parts of what you do here? Ask your clients or the clients of the business what are the main reasons you come here to do business? Find out what action produces the most value to the marketplace or support your business from your role to help provide the market place a better product or service. Write down ten now!
Step 4 Move your action into a goals program to make sure you achieve them Ensure your goals are S.M.A.R.T.I.E.S. Specific M easurable A ttainable R ealistic T angible I nspirational E motional leading to Success Start with: I’m so happy... Example: I’m so happy that I’m 85kg and I stay at this healthy weight each and everyday with ease and grace. This is my simple smarties goal that will have me achieve with ease and grace, be sure to start off with something you are confident about achieving, we call this setting yourself up for success. Create your goals in a way that will have you take them on easily and will guarantee your success.
Step 5 Learn how to celebrate Simple hey? well many people never celebrate. This is a vital part of achieving any kind of wealth in your life. You should do this everyday; ask your partner or someone you see daily, what was your best thing today? Share the experience and live more from gratitude.
7 Wealth Steps to
8 Types of Entreprenur ... Which are you?
Step 6 Complete a full goals cycle, set the goal, achieve the goal, celebrate. Write your goals out for a month or better yet use a tool online like http://onelifegoals.com that will send you your goals, daily, weekly or monthly and will even help you set them with a goals setting workshop. Run the full cycle and see what you learn, did you achieve anything? Was it a complete let down or did you benefit from the experience? If nothing changed you will need to look at your goals and find out if they really move you or not, if they don’t, change them, make them more specific so you get really excited. Keep at it, to do a goals setting program each day will have you so far above the pack, it’s not funny, most people bump around running into things all their life don’t be like that! Be focused, being focused leads to clarity, clarity leads to power and power is in the present. Your decision will be clear and focused leading you to what you want.
Step 7 Build on the goal make it harder and harder, bigger and bigger when you achieve it. Once you have completed a cycle that has had you excited and you have made a change in your life you are on your way to true wealth in your life. “Success is the progressive realization of a worthy idea”Earl Nightingale You can now change anything in your life you have the formula start creating more value in all parts of your life with your new system to wealth. Goal Setting. Conclusion Up and Downs plague our life, though I have found that my focus on goals has kept me going in the worst of times. We should always keep our focus where it is best suited to move us to a better position in life. Happiness and Depression are results of our actions, depression a result of action towards other people’s goals (focused on what we don’t want most often) and happiness, a result of a positive action towards a desired outcome of ours. This makes it clear that depression can never enter your life if you focus in on a passionate goal of yours. Keep it simple on yourself and have an achievement each day if not weekly and you’ll have a happy journey to wealth.
7 Wealth Steps to
Acknowledgements Roy McDonald Author, educator self-made multi millionaire. Roy has been my mentor for the past 3 years on my journey from Job to business owner; He has shown me the power of the “best thing” approach to day-to-day activities, and ones daily saboteur. “You’ll be in a constant battle with yourself to set yourself up to fail, be mindful of this and make sure you never let it take you over. Our thoughts are far more powerful then we may know or comprehend. Work hard on yourself and your goals”, he said. I would like to thank Roy and the team at OneLife for all their support. http://roy-mcdonald.net
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8 Types of Entreprenur ... Which are you?
7 Wealth Steps to