Wealth and Fortune - Brainstorming to Wealth, Gary Spirer

Overview

It is easy to become comfortable and complacent. If you are looking to move from the 99% of the general population to the 1% of the truly wealthy, then you need to look at new ways of earning, financial planning and wealth creation.

Brainstorming

Much of the wealth in this country is the direct or indirect result of innovation and disruptive invention. Microsoft is as famous for the creation of an entire generation of millionaires and the movement of Bill Gates from college dropout to one of the world's top earners as it is for the development of the personal computer that we have come to rely upon.

Jobs do not generally provide enough capital to create real movement in wealth. Real estate holdings, development of business, innovative patents and celebrity are more likely sources of real movement in wealth.

Ideas for business, innovation and invention come from creative thinking, open environments and the fostering of brain storming techniques. It is important to learn to listen for opportunity, to be open to even the wildest of ideas and to drive innovation in the way you approach work, wealth creation and finance in order to create disruptive movement in your own financial picture.

Surround yourself with creative thinkers, attend workshops and seminars, go to innovation museums and exhibits, meet new people from all walks of life and listen for opportunities.
Establish time for quiet reflection, meditation and strategic planning from the ideas you hear. Process carefully, plan appropriately and take time to do the proper research before acting on ideas. But when you have it mapped out, don't be afraid to jump.

Network

There is strength in numbers. Build the type of relationships that power up ideas. Join associations, professional organizations and meet with creative minds of all ages to develop and exercise your ability to be innovative and to generate both new ideas and new money.
People who invest in ideas have powerful positive energy. They are open and great facilitators for innovation. They belief in wealth mobility, as they have experienced it and in some cases they have created it; they will help you to develop the same characteristics as environment and positive energy can lead to great new ideas.

Conclusion

Acting as you always have will lead to the same results you have always gotten. Break out, break the box and be willing to explore even the wildest notions for new sources of revenue, innovation and wealth.

Moving into the upper levels of wealth will always be a daunting task. Acting differently, thinking creatively and nurturing all ideas to find what will be the vehicle for your wealth mobility is essential.

Think, reflect, plan and act. New results are just a brainstorm away.

Gary Spirer, MBA, has developed, syndicated and invested in properties that in today's value, aggregate over $500 million. He now sharing his best business, entrepreneur, and investment secrets for free at http://www.stepsto.com.
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Speed Your Path to Wealth

The authors of "The Millionaire Next Door" studied the ancestry groups of American Millionaires. The top three groups with the highest concentration of millionaire households are the Russians, the Scots, and the Hungarians, in that order. But the Scots have something beyond all the others...

1) Thrift: At the time of the initial research (mid-1990's), fewer than 40% of Scottish ancestry millionaire families had incomes over $100,000. The Scots' descendants were the ones with the highest percentage of millionaire households from such a small percentage of high-income producers.

They lived below their means, spending less than others at their income level do. This allowed them to save and invest more in wealth building, ultimately growing larger wealth than would be expected for their income level. In fact, the Scottish ancestry group paid less than any other did for their typical consumer items such as cars, watches, suits, and shoes.

2) They have wealth to pass to the next generation, in part because their youngsters become economically independent at an early age and don't drain their parents' resources. One good example of this is who may bear the cost of higher education. By not having to spend upwards of $100,000 per child to send them to college, the parents can use these resources instead to build their own wealth. The student will often find ways to pay for their own education: for example, scholarships, aid available for the financially independent, and even student loans.

frugality, economic growth, restraint, and financial independence. The above instance of paying one's own way through higher education is an excellent example of how these values are first learned, then put into action by the younger generation.

Think about what the above behavioral traits mean to you. How can you learn from these Scottish Wealth Secrets? How can you begin to use their knowledge for your gain, to speed your path to riches?

Resources: "The Millionaire Next Door", by Stanley & Danko, 1st Edition 1996
Ryan Papesh is the founder of Scottish Wealth Secrets, dedicated to helping you Speed Your Path to Riches! Visit http://www.scotswealth.com/ for ideas, inspiration, tools, and free tips for building your wealth.

Article Source: http://EzineArticles.com/?expert=Ryan_Papesh

Achieving Your Dreams

Achieving Your Dreams by Jim Rohn

While most people spend most of their lives struggling to earn a living, a much smaller number seem to have everything going their way. Instead of just earning a living, the smaller group is busily working at building and enjoying a fortune. Everything just seems to work out for them. And here sits the much larger group, wondering how life can be so unfair, so complicated and unjust. What's the major difference between the little group with so much and the larger group with so little?

Despite all of the factors that affect our lives - like the kind of parents we have, the schools we attended, the part of the country we grew up in - none has as much potential power for affecting our futures as our ability to dream.

Dreams are a projection of the kind of life you want to lead. Dreams can drive you. Dreams can make you skip over obstacles. When you allow your dreams to pull you, they unleash a creative force that can overpower any obstacle in your path. To unleash this power, though, your dreams must be well defined. A fuzzy future has little pulling power. Well-defined dreams are not fuzzy. Wishes are fuzzy. To really achieve your dreams, to really have your future plans pull you forward, your dreams must be vivid.

If you've ever hiked a fourteen thousand-foot peak in the Rocky Mountains, one thought has surely come to mind "How did the settlers of this country do it?" How did they get from the East Coast to the West Coast? Carrying one day's supply of food and water is hard enough. Can you imagine hauling all of your worldly goods with you... mile after mile, day after day, month after month? These people had big dreams. They had ambition. They didn't focus on the hardship of getting up the mountain.

In their minds, they were already on the other side – their bodies just hadn't gotten them there yet! Despite all of their pains and struggles, all of the births and deaths along the way, those who made it to the other side had a single vision: to reach the land of continuous sunshine and extraordinary wealth. To start over where anything and everything was possible. Their dreams were stronger than the obstacles in their way.

You've got to be a dreamer. You've got to envision the future. You've got to see California while you're climbing fourteen thousand-foot peaks. You've got to see the finish line while you're running the race. You've got to hear the cheers when you're in the middle of a monster project. And you've got to be willing to put yourself through the paces of doing the uncomfortable until it becomes comfortable and until you realize your dreams.

To Your Success,

Jim Rohn

Your Credit Makes You Rich?

I am dumbfounded by people who think their credit rating and/or their home is their wealth.
Your credit rating and your home are not your wealth.
Your wealth pays you money. Your debt does not pay you money. Your house does not pay you money.
A wealthy person never has to work again if he/she chooses not to because they have assets that they cap tap into that will pay their bills indefinitely. Homes and credit cards do not do that.