This book will teach you simple principles on how to build wealth.

Lesson 1: Decide To Be Wealthy

You must develop a wealth mindset in order to become wealthy. Anyone can be wealthy, but you have to decide first. Those who obsess about money are those who don't have money. Remember, life is all about balance.

The more money you have, the more money you can donate. Money can be a powerful force for good. It is not money itself that is the root of all evil, but the lack of money.

Being extravagant does not equal being wealthy. Many billionaires look like ordinary people. Mark Zuckerberg for instance wears the same t-shirt every day.

To be wealthy you must constantly be thinking thoughts of wealth, and then develop a plan to turn those thoughts into reality. These days the law of attraction is well known by many people. It simply states that like attracts like.

All you have to do is ask the Universe for exactly what you want, believe that you already have it, and then take massive action. Ask and you shall receive. Write down a list of your goals, and then start taking action, slowly, one step at a time. Write down your goals on a card and read aloud every day.

Lesson 2: Take Responsibility for Your Money

You must know how much money you have, where you spend that money, and how much you spend. In other words, you must constantly keep track of your income and expenses.

There are three steps to take responsibility of your money:

Know how much money you have.
Know where your money comes from.
Know where your money is going. As you begin to track your money you will realize that often time’s things cost more than you realize. For example, car insurance, cell phone plans etc., may be more expensive that you think.
Know what your money is doing. Make money your servant. Learn how to invest your money wisely. There are many free resources online.

Lesson 3: Keep a Portion of Everything You Earn

To create wealth, you must save a portion of everything you earn every month. You must pay yourself first. It is not how much money you earn that makes you rich, it is how much you keep that makes you rich. Save as much as you can every month. If you're just getting started, try saving 10% of your income every month. Remember, the more you save the quicker you will reach your goal.

Compound interest is a powerful force when creating wealth. If you consistently save a portion of your income every month, a few years down the line you will be very wealthy because of compound interest. Compound interest is basically Interest that is earned on the principal amount, and is added to the principal amount every month.

Saving money is not about depriving yourself. You can save money and still live an awesome life full of abundance. The aim of saving money is to build a nest egg. In addition to building a nest egg, you should also get a financial advisor.

You must seek financial assistance in order to keep learning about investing. Also, you must resist the temptation to spend your nest egg. The longer your money compounds, the more it will grow. Don't kill the goose that lays the golden egg.

Furthermore, you should consolidate your debts and pay a lower interest rate. Also, cut up your credit cards. If you can’t afford something, don’t buy it.

Lesson 4: Win In the Margins

Find ways to increase your nest egg. Earn extra income. Keep more of what you earn and save more.

There are many ways that you can increase your income, you can:

Start a home business.
Start an online business.
Have side projects.
Work full-time and have a side gig.
Get involved in network marketing.
Or even self-publish a book. There are three important questions to ask yourself:

Notice what you spend your money on. “Is this the best you can do?” Ask these golden words to get a better quote on a product. Having a lot of materialistic things will not make you happy in the long term. Ask yourself “Is this expenditure really necessary?” Free yourself from wasteful spending.
Is this expenditure contributing to my wealth? If it’s not, consider not spending your money.
Is this an impulse purchase? Never shop on an empty stomach. When you are hungry you are more likely to make impulse purchases. Also, always shop with a shopping list to avoid impulse shopping.

It is very important that you constantly top up your nest egg, in order to build wealth. Also, you must delay gratification. Sacrifice a little bit now, so that you can be financially free in the future. Never borrow money. There are 2 types of people, those who earn interest, and those that pay interest. Make sure you’re earning interest, instead of paying it.

Remember, spending does not equal happiness. Material things only bring short term happiness. It doesn’t last in the long term. Use gratitude to fight consumerism. You may want to consider getting a journal and writing down a few things every day that you are grateful for, whether they are small or big, and really feel the feelings of gratitude.

Protect your nest egg. Avoid get-rich-quick-schemes, and always look for the lowest fees when it comes to investing. Also, make sure that you use a qualified financial adviser, who himself is wealthy.

Lesson 5: Give Back

Giving back to those less fortunate is the duty of a wealthy man. Contributing to the well-being of your community brings true happiness to your life. It is often a cliché that giving is better than receiving, but is it a coincidence that some of the richest people in the world are also some of the biggest donators in in the world?

Bill Gates is one of the richest people in the world, is also is one of the biggest philanthropists in the world. The more you give, the more you receive, not only in terms of financial wealth, but also in terms of emotional well-being and happiness.

Many religions in the world have the concept of tiding, where people donate a percent of their Income every month. Whether you are religious or not, this concept of donating 10% of your income is a good practice to have. The Universe has a funny way of rewarding people that give to those less fortunate. The more you give, the more you receive.

It is never too late to start living these principles. Progress is progress. Remember, life is not only about money, it’s about balance.

Conclusion

I strongly believe in the concepts in this book, and I think that if you study them and apply them in your life, you will truly be financially, and emotionally wealthy.

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