Three Important Factors That Matter When Building Wealth


I see it all the time. You do, too, right?

You can get rich quick if you will just pay $5,000 to do this or that. You can become wealthy if you invest $500 a month or purchase a product to get rich quick.

There is no free lunch. You’ve heard that, right? True value is built with real things. Fortunately, true value can come from a commitment to save and invest regularly.

If you save regularly and build a proper emergency savings fund and then begin investing regularly, you can absolutely become wealthy over time.

Here’s what matters:

1. How much money are you willing to invest regularly?
2. How much time will you allow that money to “work for you”?
3. What is the best rate of growth you can get (and the safest way you can grow it)?

If you look at your money in two simple piles, you can get ahead quickly. It really shows you how this works.

Pile One:

Money you need to live – rent, mortgage, bills, et all. We always say this is money in your checking account. “Checking accounts are money laundering accounts for other people’s money.” If you leave all your money in checking, it will leave you.

Pile Two:

Money you can “push to the other side.” This is money you can put to work for you and your family. You should use any excuse you can to push money to saving and investing vehicles. There is a saying that if you are willing “to work hard now, you will have it easier later.”

People get caught up in the rat race and feel saving and investing is not for them.

But you can be different. Why focus on how much you save? Focus on what percentage of your after-tax income you are saving. Set goals. Develop your plan and always work to keep your PILE TWO money working for you.

Regular saving of money will give you an edge over people who want to save but don’t.

More than this, you should develop your saving and investing plan to fit your goals and your ideas of what is comfortable for you. If you do this, you will reach higher than you thought possible when you began.

Try. Start. Begin. Don’t listen to those who tell you that you can’t. Find additional ways to earn money outside of your regular day job. Put that money strictly to investing.

Be willing to work harder now so you can have it easier later.

You’ll be glad you did, and you will set an example others can follow.

You’ll help others.

HELPING YOUR KIDS GET AHEAD

In this country we don’t do enough to teach our children about money, managing money, saving regularly (and automatically), compound interest and steady investing for a long-term future. As a parent, we are always concerned that they get a good education and go to a good college so they can make a lot of money or have a valued career path. The truth is that we could do our children the biggest favor and one of the best things by sharing with them sound saving and investing principles.

You can join our free Facebook group (or have your children do it, too) by searching in the Facebook bar on your “wall” for “Live The Lifestyle Your Family Deserves.” Click on “become a fan.” It’s free and it ties our free blogs into that group.

If you want to give your children the same information we are giving ours, you can purchase the only thing we sell on any of our blogs or groups. It’s called “How To Survive Any Financial Crisis” and you can get it for only $4.95 at http://www.middleclassmoney.com.

Thank you for reading our blog and good luck!

Loyd Ford
http://www.stickyasset.com/blog
http://www.middleclassmoney.com
http://www.boostmywealth.wordpress.com
http://www.squidoo.com/boostmywealth
http://www.stickyasset.com

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s