Wealth Building has a recognizable pattern that the most successful people have gradually learned and mastered during their lifetime. The difference between the rich and the poor is that the former learned and mastered the three basic principles of the science of money and utilized six core competencies for their financial success for wealth growth.
Money works differently in each of the three levels and requires that one have a different mindset and approach.
Making money is the first level - skill is the main aspect of the process. Like an artist perfecting his art, you need to grow certain skills which will create value. If you are a businessman, a professional, or a worker, the amount of money you will be able to make will be highly correlated to your skillset.
The second level is Keeping Money- keeping money needs real commitment. This is not just about having a budget or saving a part of the income. Keeping money is about cultivating financial habits that are almost part of your nature. View discipline as a warrior's sword that's protecting your fortress of wealth from being constantly attacked by the onslaught of uncalled for spending or taking part in the emotional side of your finances.
The highest level comes next - multiplying money. Here is the place where real wealth is birthed, and it is just like art. In the same way a master artist can mix and blend colors to always get the result he wants, so do successful wealth builders by using a mix of opportunities, investments, and strategies to get exponential growth.
What makes this game so interesting is that the six core competencies are at the center of this game, and these competencies interact with each other without any trouble. Focus limits your attention to your financial goals only, thus it will protect you from the noise and distractions that might trick your progress. Knowledge empowers you with the insight needed to take the right actions, therefore you will be able to identify the opportunities that others are not able to.
Strategy changes your financial activities from random moves to planned steps towards your goals. It is like your personal wealth map, where every financial decision you make is guided. Foresight extends your horizon beyond the immediate, enabling you to set up for future opportunities and challenges before they come.
Patience looks as if it is a passive role, however, it is actually one of your most powerful weapons. Emotional decisions that could cost you a lot are prevented by it and it also keeps you calm during times of market volatility. Furthermore, discipline acts as the base that is always there when you execute your plans despite what is happening around you. It is the one that brings all the other elements together.
These elements are not separate entities working on their own. They make up a system where each component is one step closer to the next and the strongest part is that one leads each other. Your focus makes you gather knowledge more effectively. Your knowledge contributes to your strategy. Your strategy is the tool that improves your foresight. Your foresight not only gives you support from patience but also gives your patience balance. And your patience makes your discipline stronger.
Wealth creation is not a matter of a lucky streak or having special connections. It is to be achieved by mastering the fundamental principles and applying them on a regular basis. Every successful wealth builder took their first step by grasping these basics and subsequently they gathered more proficiency in every element.
The advantage of this system is in its very nature, the ultimate system is simply. You do not require the use of sophisticated financial instruments or any insider tip. What is needful is a clear money concept and the dedication to the daily application of the principles. Every financial decision you make gives you an opportunity to exhibit and consolidate these skills.
The route to financial success is not ambiguous. Learn the skill of making money, cultivate the discipline of keeping it, and use the talent of multiplying it. Your wealth journey will be through understanding these principles and dedicating yourself to their mastery. Time to raise your level, witness your financial future change dramatically with the diligent execution of these tried and true principles.
