How to get wealth and keep it is the subject of a lot of opinions and conjecture. There is more than one path to wealth. What we’ll discuss here are the elements that need to be employed to make it happen. What most people don’t know is that wealth is more than money, although money does play a role as a motivator and financial solution.
The fact that you want to know how wealth is created suggest that you are not currently wealthy. Also, If you were ever wealthy, chances are you would have some idea of how to get wealth again.
So with that understood, there are things associated with wealth that might not be immediately obvious. For one thing, there is a required change in thinking that would condition an individual mentally to be able to appropriately handle the coming change in status. Secondly, good health is necessary to enjoy whatever wealth you might accumulate.
Being wealthy only in cash is not a very good idea or strategic plan. The reality is that diversification of wealth into many different forms is crucial because of the uncertainty in the economy and in the world in general.
Some people have holdings in land, buildings, gold, silver, bitcoin in this country as well as other countries. In fact when it comes to currencies, it would not be unusual to have some positions in the dollar and some in the euro as a well as other currencies as a hedge against asset depletion.
As a part of a well diversified portfolio many choose to have a healthy share of income producing holdings, such as stocks, bonds, commodities and of course rental property.
As part of your change in thinking, you have to realize that wealthy people have a lot of specialists around them that posses skills that they don’t have. That is necessary because of the increased complexity that comes with being wealthy.
Also legal representation of all types are required to deal with many of the potentially complex matters. When you have a lot of money, it costs money to maintain your status.
And of course tax professionals would certainly be required to ensure what you pay is at the minimum possible.
And finally, you will need some training and coaching to prepare you for your new life. If you don’t think preparation is important, just consider the stories of some lottery winners who won millions of dollars and not even 2 years later they are hundreds of thousands of dollars in debt. How does that happen? Lack of preparation.
Members of your family household will also need to be trained and coached, for they would certainly be in new territory. The world of wealth is a new world that is vastly different than the one you inhabit today.
One final caution – Be careful what you ask for because you just might get it. It’s the truth so can you handle the truth.
Now I would like to talk about a way that I know of where you could create wealth. That is in online marketing. There are hundreds of online marketers that are making 5, 6, and 7 figures online. If this sounds appealing to you then you should check out Wealthy Affiliate. They have the training , infrastructure, network, and community to assist anyone with the “more money itch” .