Learn why you must expect wealth building success and have a real commitment to put forward the needed effort at a level that is your absolute best…

 

In the current economy many are letting anxiety and uncertainty about their future lead them toward unhealthy behavior and behavior that may not be in their best interest in the short, intermediate and long-term–in many instances.

 

In this discussion TheWealthIncreaser.com will discuss the importance of why you must expect success, be willing to move to action at a level that is your absolute best–and permanently put the notion of failure to rest!

 

When it comes to building wealth your confidence in yourself and your commitment to action is critical.  And as stated in the most recent post that has fast become a blog favorite–you must enthusiastically pursue your wealth building goals at a level that is your absolute best.

 

You must expect positive outcomes in any economic environment, and you must put an effective plan in place to achieve those outcomes.

 

Your knowledge and understanding of how you manage your cash flow, how you manage your credit and how you manage all areas of your finances will to a large degree determine your wealth building future and can realistically provide you a blueprint of how you can achieve your goals efficiently and provide you the clarity in your mind that can convince you that you can meet or exceed your expectations in your future–if you take the right action–consistently!

 

In the following paragraphs TheWealthIncreaser.com will discuss these topics in more detail in an effort to provide you meaningful direction–so that you won’t fail–as you learn what sincerely pursuing your wealth building goals entail.

 

You must realize that it is YOU who lie at the center of achieving real success and it is YOU who truly control actually making your dreams come TRUE!

 

1) Cash Flow Management

Your ability to manage your cash flow on a monthly and annual basis is of paramount importance and if you do it right consistently you can set yourself and your family up for untold success.

 

The yearly vacations that you desire, your membership at your favorite athletic club, your dream car that you always saw yourself driving, that vacation home that you always wanted, your volunteering for and contributing to your favorite cause(s)–and many other goals that you desire can be brought into clear focus if you manage your cash flow effectively and you have an expectation of doing so on a daily basis from this day forward.

 

Do you currently have an effective cash flow management system in place or are you taking whatever life dishes out at you?

 

Effective management of your finances can lead you toward what you want to happen in your future and help ensure a more rewarding and enjoyable future for you and your loved ones–so that you don’t have to do heavy lifting by the tons–as your wealth building success rotates around the suns!

 

2) Credit Management

As you enter the various stages of your life credit advertisements that try to sway you will come on a consistent basis and at many stages of your life you will be bombarded by credit experts (or advertisers and marketers) who are determined to get you to sign up and use credit services.

 

In many instances they may not be in your or your family’s best interest!

 

Do you have a system or the knowledge of how to know when credit will work best for you and do you know how to use credit in a manner that works best for you and your family?

 

If not, are you actively pursuing the knowledge of how you can manage your credit more effectively and are you putting that knowledge into action with the expectation that your credit management will take you toward the goals that you desire in an efficient manner and in a manner that is more favorable for you and your family–not creditors or others who have no real concern for you or your wealth building future?

 

3) Overall Management of Your Finances

Do you have a system that allows you to know at the drop of a hat what you must address effectively in all areas of your financial life–or are you headed toward financial strife by not having the knowledge that is necessary to take you where you need or want to be as far as your wealth building success is concerned–during your life?

 

It is important that you ask yourself the right questions and seek the right answers as you build wealth! 

 

If you don’t know what areas of your finances that you must address–you are adding stress to your life in ways that you may have never imagined and you make reaching your goals far more difficult than it should (or have) to be.

 

Your effective management of your insurance, investments, taxes, education funding, estate planning/wills and retirement planning along with properly establishing an emergency fund at the earliest time possible is a surefire way for you to attain success and attaining that success must be your expectation from this day forward.

 

Conclusion

 

In this economy or any economy, you must have an expectation of success.

 

Even though COVID-19 remains a major concern, housing prices and interest rates continue to rise in many areas and inflation and gas prices are on the rise in many countries and with news of wars and rumors of war that have created anxiety and disrupted the usual happenings for many in various parts of the world–along with many other downward spiraling activities that occur at a personal level–and can be disheartening to a large extent–it is still important that you have a vision of success and an expectation of success–if you are one who is truly determined and willing to give it your best to achieve that success.

 

You must expect success at this time, and you must be willing to do what needs to be done on a consistent basis!

 

It is important that you realize that your determination at this time to follow the three steps mentioned above has the potential to change your life for the better in a major way!

 

However, potential means that you have not done it, however by “expecting success” and taking the action steps that are relevant for improving your credit and finances whether by utilizing this site or any other source that works for you–you can turn potential into real results that can propel your and your family’s future for generations to come.

 

It is important that you prepare your mind with the right knowledge that can lead you toward what you desire in the most efficient manner possible!

 

You can choose to make a conscious, deliberate decision at this time and not only create a meaningful path toward the future that you desire–you can also travel on that path in the most efficient manner possible–thereby achieving what you expected to achieve–because by mastering the three steps above–you now truly believe!

 

Throughout your life you must “expect success” and you must know how to manage your money effectively, know how to avoid common wealth building mistakes, know how to manage you credit wisely throughout your lifetime or period that you desire to use credit, know how to avoid common home buying mistakes and know how to manage all areas of your finances effectively and efficiently–as you build wealth.

 

By frequenting this site and knowing your wealth building responsibilities (and acting on those responsibilities in a sincere way) you can change your future for the better–starting today!

 

All the best to your future success as you should “expect” nothing less…

 

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Learn why you must have fire in your heart if you are now ready to start building wealth effectively in a manner that will truly set you apart…

 

In the current economy with COVID-19 wreaking havoc, rising prices on many goods and services and other happenings at the local and global level it can be difficult for some to rise above the anxiety that could be inside of their mind and heart and move forward in a manner that can truly take them where they need or want to be as far as reaching wealth building goals that will serve a greater purpose in their life.

 

Even if others don’t want success, you can approach your wealth building efforts with more confidence and that begins by you having a true desire for wealth building success from this day forward–and throughout your lifetime!

 

Even though the creator of TheWealthIncreaser.com has been fighting through the COVID-19 virus over the past few weeks and has been less active in all areas–and enthusiasm or fire for life has been taken down several notches–this discussion is designed not only for you to achieve optimally but also to help the creator of TheWealthIncreaser.com gain back the “enthusiasm” and momentum that was recently taken away, and also to get you and others on a more determined and definite path toward lasting success as you build wealth.

 

By taking to heart the following “3 points” and determining where you can make improvements in your life you can move toward achieving your wealth building goals in a manner that makes more sense, makes your journey less intense and formulating and achieving what you truly desire will be made more relevant.

 

1) Your enthusiasm begins inside of you

It is important that you have a certain level of ambition or true desire to reach your wealth building goals.

 

Your goal is to set yourself apart from the crowd and pursue your wealth building goals with a high level of discipline, commitment and purpose (DCP–yeah you know me) as by doing so you put yourself in a better position for lasting success that allows you to live at a level that is your absolute best.

 

Your action on a daily basis in a disciplined manner, your commitment to action on a daily basis and knowing why you are doing what you are doing lies at the heart of your wealth building success–if you are now determined to give it your absolute best.

 

2) Your enthusiasm must be directed toward a specific goal(s)

As you build wealth it is important that you set meaningful goals that you have every intention on achieving.

 

By doing so you energize your mind and heart to operate at a higher level on a daily basis so that you can WIN the majority of your races!

 

By having a high level of enthusiasm toward paying off your debt, managing your credit optimally and looking at  and addressing your finances in a comprehensive manner,  you put yourself in position to attain success—and build wealth in the COVID-19 ERA or any ERA.

 

By setting meaningful goals and pursuing them at your highest level–you position yourself to excel and not fall downward into a never ending well.

 

By reaching higher, you put yourself on a more positive path toward achieving the goals that “you” require and you exponentially increase the odds of achieving what you desire and avoid finding yourself in a financial quagmire that makes your outlook for success–dire!

 

3) Your enthusiasm must never die out

You must pursue the success that you desire with enthusiasm and vigor.  You must see beyond the right now to see what is truly possible if you do what you need to do!

 

And just as the creator of TheWealthIncreaser.com will move forward in 2022 with more enthusiasm and focus in spite of starting 2022 in the worst way possible since being on planet earth due to COVID-19 that slowed down progress and delayed meaningful goals that were set for well over a month–so too must you not let adversity, distractions, emergencies, worry, anxiety, fear, frustration, excuses and not putting forth the required effort hold you back in not only 2022–but the remainder of your existence while here on planet earth.

 

Your mindset must be to “expect success” and “pursue that success” at a level that is your absolute best and permanently put the notion of failure to rest!

 

You must always realize that you have the power within to operate at a higher level and control the direction and outcomes of your future if you are willing to put in the effort and develop a never quit type of attitude that will never die out.

 

Conclusion

Your enthusiasm or “fire on the inside” that you have can be used effectively as you build wealth if you have the right approach.  It is imperative that you pursue your wealth building goals in a disciplined, committed and purposeful manner (remember DCP) if you are one who desire to achieve at your highest level of excellence.

 

Improving your cash flow position, managing your credit effectively and managing all areas of your finances effectively throughout your life can be made easier and more rewarding if you put both your heart and mind into the effort and you “sincerely desire” to achieve the goals that you are pursuing–regardless of what they may be.

 

Always realize that it is easier to change your financial behavior than it is to change your attitude–however, if you are disciplined, truly committed and you know your purpose for life–you can do both and permanently change the trajectory of your future in the strongest way possible.

 

You and your family deserve nothing less!

 

All the best to enthusiastically pursuing your wealth building success in a manner that will allow you to live your life at a level that is your absolute best…

 

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Learn why you must see the wealth building success that you desire–so that you can reach higher…

 

It is important that whatever your wealth building goals are–you have a vision of those goals and a clear vision about how you will go about achieving those goals–now during COVID-19 and throughout your lifetime.

 

Whether you desire to pay off your current burdensome debt, create that emergency fund that you know you need and deserve, plan for success by using a blueprint for success that includes creating a cash flow statement, creating an income statement, creating a balance sheet, knowing your net worth in terms certain, mastering your credit and attacking your finances in a comprehensive manner—you must have a vision of it happening–and you must know the steps that you need to take to make it happen!

 

If you have a vision of buying real estate and using the property for rental income or quick turning the property for a profit–you need to see it happening and know how it will happen.

 

You must ask yourself pertinent questions such as does the property that I am considering require repairs and if so how extensive–and what will the cost of doing so be?  When do I expect to finish the project and be on target to rent or sell (holding period) the property?  What is the “average number of days to sell” in the area that I am considering for purchase?  Will I be purchasing in an area with strong schools?

 

Will I be financing or will I make a cash offer?  What is my entry point as far as purchase price?

 

In short, what can I afford–acquisition wise and construction/renovation wise and what do I realistically expect to happen after I make this purchase?

 

Do I have a contingency fund (10% or more over what I expect to spend on repairs/renovations) in case there are costs that are not anticipated?

 

Unforeseen and unexpected renovation costs–usually have a cost associated with them and you want to know and plan for this on the front end!

 

Always consider your timeline of ownership as a factor as holding period can eat into your expected return.  Will outside forces slow you down or do you have a contingency plan?

 

Are you pursuing a 30% return or a 20% return?  It is important that you know what return you want and can realistically get–on the front end!

 

You also want to know what is going on in the neighborhood so that you can avoid the pitfalls that have negatively affected many home buyers.  It is important that you use your common sense on what needs to be repaired on the front end–and be aware of contractors and others who may be out to get you–financially speaking!

 

By looking at the property and doing a walk-through–you want to know whether window replacement, garage door replacement, roof replacement, hardwood floor repairs or replacement (in other words you need to know the basics) and other concerns need to be made “prior to making an offer” on the home that you intend to purchase for rental purposes, quick turn for a profit or even if you plan on using as your personal residence!

 

In short you must have a “vision of what must be done” to the property and a vision of how you will acquire the property!

 

Likewise, you must also have a vision of what needs to be done in all areas of your finances if you are to achieve at your highest level of excellence while here on planet earth.

 

Conclusion

Regardless of what you visualize to achieve–you don’t want to make mistakes on the front end if you can avoid them.  You can reduce your odds of making mistakes by frequenting this site, other helpful sites and proactively approaching your finances by having a yearning for success–and by getting out in front of your finances and not seeking knowledge after you have made a bad choice or decision!

 

Your vision of success must start by seeing the light–and the first step toward lasting success is to get your credit and finances right–whether during daylight–or at night!

 

By doing so you enhance the probability of success in your wealth building efforts and in ALL endeavors that you will pursue–including those goals named above that you may have or other goals that are particular to your and your family’s future success and desires.

 

Whether you have a vision of improving your insurance position, investment position, tax position, education planning position, estate planning/wills position and/or retirement planning position–it is important that you align with someone who provides a blueprint for success so that you can avoid common mistakes that are all too common (no pun intended)!

 

Where appropriate, you also want to select professionals of high integrity who can further assist you when and where necessary.

 

Although you may be one who likes to do it yourself in other areas of your life–your finances in many areas can also be done by you–if you learn in advance what you need to do.

 

However, in some areas professional advice may be warranted as some areas of finance are nuanced–and if managed effectively may have the potential to provide you additional and more beneficial success opportunities throughout your life–therefore it may be crucial that you get it right so that you can avoid financial strife!

.

Unforeseen, unexpected and unexplained events that you did not plan for will occur throughout your lifetime and it is important that you prepare for those events in advance.  Even so, you still want to plan appropriately so that you can still attain your vision and do what you need to do so you can achieve if you take consistent action over a number of years.

 

Your vision of success means that you will not make excuses and you will proactively attack your finances so that even when adversity occurs–there can be no other outcome other than the success that you desire–whether in the COVID-19 environment–or any environment.

 

Ultimate success must be a part of your process or theme as you reach higher to achieve your dream!

 

You must have a back-up plan in case your vision needs adjusting–and your drive toward your vision must be a true thing!

 

You truly are the determining factor for achieving the vision that you see–and being who you were truly put on earth and meant to be.

 

All the best to your vision of success as you now should expect nothing less if you are at this time willing to give it your absolute best…

 

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Learn why knowing what your “assets and liabilities” are can help determine your net worth and help you build wealth more efficiently in the current economy…

 

As you build wealth it is important that you have an understanding of the assets that you own and the liabilities that you have incurred so that you can do more to build your wealth to an acceptable level or a level that you need to attain to make your life more meaningful and significant while you are here on planet earth.

 

By knowing what you are worth you put yourself in a better position to manage your finances and reach your financial goals.

 

In this discussion TheWealthIncreaser.com will discuss the importance of utilizing a “personal balance sheet” so that you can know what you are worth “from a financial perspective” and provide guidance on how you can use that knowledge to build wealth more efficiently in the coming years.

 

This discussion builds off of Personal Financial Statements including  Cash Flow Analysis, Personal Income Statements and Net Worth that were discussed in previous articles.

 

By taking the following 3 steps you can help ensure a more prosperous future for your family and loved ones and by implementing those three steps at this time–help you “engage in your finances” in a manner that can lead to true and lasting success for the duration of your lifetime, and even after you transition!

 

1) Compile a list of your assets and liabilities

It is important that you take inventory of what you own and who you owe.

 

A personal balance sheet can help give you the needed focus so that you know who you owe and what you own in a more concrete and definite manner.

 

At this time you may want to gather all of your financial documents (bank statements, investment statements, mortgage statement, life insurance policy, auto loan statement, credit card statement, student loan statement, personal loan statement along with other documents that show ownership or in which you owe others) so that you can determine your “net worth” and start on a realistic path that can lead to you making better financial moves from this day forward.

 

By entering the required data in the form below you can get a better feel of where you can go in your financial future and you can enhance your probability of achieving the success that you desire from this day forward!

 

To determine your value of your home you may want to contact your real estate agent or the agent who helped you purchase your home to determine the value.  If you have a mortgage you would subtract what you owe from the valuation that you get from the real estate agent to determine your equity position of your home (asset).

 

On the form below enter the market value of your home under assets and what you owe on the mortgage(s) (if you have one) under liabilities.

 

To determine your value of your auto you may want to utilize the kelley blue book to determine the value of your auto and if you have a loan you would subtract what you owe from the valuation that you get from the kelley blue book or other auto valuation service to determine your equity position of your auto (asset).

 

On the form below enter the market value of your auto or other personal use  asset under assets and what you owe on the loan(s) (if any) under liabilities.

 

Keep in mind that “personal use assets” include your auto, motorcycle, boat or other watercraft, bikes, recreational vehicles and other assets that are of a personal nature.

 

For your household assets and other assets you can use an appropriate method of valuation or use professionals if you desire–just keep in mind the valuation may not be accurate as it is only an estimate and estimates may not reflect the true value of the asset(s).

 

However, your estimate or other professionals estimate of value will provide valuable insight (no pun intended) in helping you to determine your net worth as opposed to “shooting from the hip” and not being close to the true value of your assets, and hence your net worth.

 

How to create a Personal Balance Sheet in Simple Form:

 

Balance Sheet 10/16/2021 (Enter the date that you create your balance sheet)

Assets:

Cash/Cash Equivalents 

JT Checking                                     $_________

JT Savings                                        $_________

H Checking                                       $_________

W Checking                                      $_________

H Savings                                          $_________

W Savings                                         $_________

JT Certificate of Deposit                   $_________

JT Money Market                             $_________

JT Other                                            $_________

Total Cash & Cash Equivalents                                      $_________

 

Invested Assets

Cash Value Life Policy                       $_________

Stocks                                               $_________

Bonds/Mutual Funds                        $_________

Other                                                $_________

Total Invested Assets                                                         $_________

 

Personal Use Assets

JT Personal Residence                        $_________

JT Vacation Home                              $_________

JT Jewelry                                           $_________

JT Furniture & Household                  $_________

JT Auto(s)                                            $_________

JT Other                                               $_________

Total Personal Use Assets                                                  $_________

 

Total Assets                                       $_________

 

Liabilities & Net Worth:

Current Liabilities 

JT Credit Cards                                     $_________

H Credit Cards                                      $_________

W Credit Cards                                     $_________

Other                                                    $_________

Total Current Liabilities                                                     $_________

 

Long-term Liabilities

H Mortgage                                       $_________

W Mortgage                                      $_________

H Auto Loan                                      $_________

W Auto Loan                                     $_________

Other                                                 $_________

Total Long-term Liabilities                                            $_________

 

Total Liabilities                            $_________

 

Net Worth

Total Assets                     $_________

– Total Liabilities             $_________

 

TOTAL Net Worth                                                       $_________

 

Note:  JT means Joint Tenancy

H means Husband

W means Wife

 

2) Use your knowledge of your net worth and your current financial position to build your wealth more efficiently and reach your retirement number

After plugging in the appropriate numbers above and determining your net worth and knowing where you now stand financially, you are now in position to plan for long-term success.

 

You can now plan for your retirement years in a more appropriate manner because you now know your cash flow position on a monthly and annual basis and that allows you to use your discretionary income to save for retirement and reach your retirement number.

 

If you lacked the discretionary income you would know what you need to do to get in a better (pay off debt, get more income, gain new skills etc.) position so that you can pursue your retirement number and other goals at a later date.

                                                                                              

3) Ensure that you comprehensively manage your finances so that you can achieve more

By knowing your net worth at this time you can plan for your future in a more wholesome manner.

 

You can address your insurance, investments, taxes, education planning, estate planning/wills and retirement planning from a position of strength as opposed to letting anxiety and other excuses that you may come up with rule the day!

 

You can create and properly fund an emergency fund (if you have not done so already) so that you can achieve more and you can manage your credit, assets and other liabilities that you may owe in a manner that is more favorable to you and your family–not creditors.

 

Conclusion

By knowing what you own and what you owe “at a particular point in time” you can create written plans that can lead to your net worth increasing on a consistent basis.

 

Always realize that when valuation of your assets are concerned you may have to use estimates that you or other professionals make, and as we all know an estimate is only and estimate–however it does help you get a better handle on your finances and net worth than merely guessing.

 

Regardless of your net worth, you must realize that your self-worth is far more important in the long run as you must know that you are worthy of what you think you are worthy of.

 

By having that mindset, you position your mind and heart to make future moves that can increase your net worth to an acceptable level and help you manage your money more efficiently at the various stages of your life–even if you now have a negative net worth.

 

You can position yourself to manage your money better and achieve at your highest level of excellence.

 

It is imperative that you know your net worth at a particular point in time so that you have a metric that you can use to track your advancement over time so that you can truly reach your goals!

 

If your current net worth is $150,000 in October of 2021 and you manage your finances effectively for a number of years and your net worth increases to $500,000 by October of 2030, you know that you are making real progress and making good financial decisions.

 

On the other hand if your current net worth is $150,000 in October of 2021 and you manage your finances for a number of years and your net worth only increases to $200,000 by October of 2030, you know that you are not making real progress and you are not managing your finances effectively–generally speaking.

 

You now have an understanding of how you can use your personal balance sheet and other  personal finance statements to make your dreams come true if you do what you  need to do.

 

Over the past six weeks or so you have learned how you can use a budget or personal cash flow statement, personal income statement and personal balance sheet to improve your net worth and achieve your goals more efficiently.

 

It is important that you realize that your “personal net worth” and your “credit score” are in most cases the two most important numbers that measure your financial health–and your understanding of how you can use these numbers to your advantage is critical as you build wealth.

 

Y9u also know that your “retirement number” is a key number that you should aspire to reach if you desire to live out your life in a dignified manner that allows you to do what you want to do during your retirement years and even after you transition from planet earth.

 

While you may have thought it to be hard and time consuming to calculate your personal net worth prior to visiting this page and site, you now know that calculating your net worth is not as difficult and draining as you may have thought if you organize your financial data and you have an effective approach.

 

Likewise, your credit file and credit score is easy to access and improve upon if you have the right approach!

 

Always realize that your net worth and credit score are highly correlated, meaning if you have a high net worth you would generally have a higher credit score than those with a low or negative net worth.

 

Even so, your net worth is not used to calculate your credit score, as rating agencies use figures other than net worth to calculate your credit score.   In our next article TheWealthIncreaser.com will discuss in clear terms how you can improve your credit score and manage your credit effectively throughout your lifetime.

 

You are now on a serious path toward achieving your goals and you are now much more informed on how you can achieve more financially and make your journey toward significantly improving your finances a more joyous and rewarding experience.

 

All the best as you increase your net worth and improve your living conditions while you are here on earth…

 

NOTE: You or your in this discussion could mean you as well as other members of your household who contribute financially whether it be your spouse or other members of your household.

 

Find out what you can do to make your dreams come true–by visiting our most frequented page–Wealth Building & You…

 

More on Personal Cash Flow Statement (Budget)—Income Statement—Balance Sheet & Net Worth Statement

 

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Learn why your “decisive action” at this time can lead you toward effective wealth building throughout your lifetime…

 

When it comes to reaching meaningful and significant goals that you “really” want to achieve it is important that you have a decisive mindset if you sincerely desire to achieve those goals.

 

And when it comes to building wealth efficiently it is more important than ever that you are “decisive” in your decision to pursue what you desire most at your highest level of effort and energy.

 

In this discussion TheWealthIncreaser.com will discuss the importance of “being decisive” when it comes to building wealth and pursuing your goals in a manner that is more beneficial for you and your family.

 

Decisive Mindset

It is important that you have a “made up mind” when it comes to building wealth more efficiently.

 

It is important that you run through your mind in a serious manner what it is that you really believe and you really want to achieve.

 

You must know that success lives in you–because if you do–you put the most important ingredient necessary (that can lead you toward making your dreams come true) in the mix and that can be the needed ingredient that can give your finances a needed fix!

 

You must know in certain terms that you are responsible for achieving the results that you want to see and you must have the mental fortitude that is stronger than a palm tree.

 

Decisive Action

It takes more than just a mindset of decisiveness to get things done—you must also move to action toward what you desire to occur in a consistent manner.

 

You must act on what you know can move you forward and not just let what can move you forward exist in your mind.  Your daily habits and consistency in action is what will give you real traction.

 

When you really think about it your thoughts or plans that you have are really nothing!  

 

It is only when you take action and put into motion what you know you need to do to turn those thoughts into something (the goals that you desire or need to achieve) that you want to see come true that you will reach significant goals.

 

Decisive Determination

You must have an unrelenting spirit to pursue what you desire at a level that is the best that is within you and at a level that allows you to do what you need to do to make your dreams come true.

 

Even if you have the mental toughness and you plan on taking action on a consistent basis–that alone will not be enough if you are not determined or determined at a really high level.

 

You must put into motion what you need to do “and” you must also be determined at a high level to always take what you are pursuing in as serious a manner as possible as you must have every intention on achieving what you desire.

 

Conclusion

There is no reason for you to be MAD about your current state of your finances and there is no reason for you to “fear your wealth building future” if you possess in your mind the right tools and you use those tools to your best advantage at the various stages during your life.

 

You must have the right mindset, take the right action and determine at this time that you truly want success in your future!

 

It is also important that you know your money management personality at this time and then take action and choose to achieve at a higher level by taking the necessary steps in a determined manner (starting right now) that will allow you to achieve in a more definite and efficient manner.

 

Why leave your future to chance when you can put in place steps that can take you toward your destiny and who you were truly meant to be while you are here on planet earth?

 

All the best to your decisive action to work toward achieving a higher level of success…

 

Find out what you can do to make your dreams come true–by visiting our most frequented page–Wealth Building & You…

 

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Learn why you must really want success and you must put forth the required effort (utilize self-discipline along the way) if you desire to build wealth efficiently and achieve more in your future…

 

It is important that those who desire lasting success have the self-discipline that is needed to operate at a higher standard of excellence on a consistent basis.

 

In the times that we now live in many are looking for instant gratification and instant success.  And even though it will happen in what seems like a rapid pace for many, to achieve lasting success it will normally take time.

 

In this discussion TheWealthIncreaser.com will discuss the importance of “self-discipline” and how you can utilize this important quality to achieve at your highest level of excellence as you build wealth at the various stages in your life.

 

Self-discipline requires you to look inside and decide to do more

It  is important that you have a frank, honest discussion or internal conversation inside your mind to determine if you really want to forge a new path in your life where success is more likely to occur in all areas of importance to you.

 

That conversation could be the starting point that leads you on a path to operating daily in a more disciplined and focused way–and could provide the difference in leaving your problems of the past at bay or you continuing to focus on them in a negative way!

 

Self-discipline requires that you make a real commitment to do more

Your internal conversation must also provide you a nucleus or burning desire to reach higher!

 

That conversation must not allow you to be content with where you are now at or lets you off the hook once again by you letting that conversation state to you–I will start at a later date–and you accept that within your mind and heart.

 

For many, that later date never comes and they are often left wondering–what could have been. 

 

It is important that you use the time that you now have to make a real commitment to do more–and then actually put a plan in place to do more.

 

Self-discipline requires that you actually do more

It is important that you look within in a wholesome manner and decide if you are committed to take the necessary action at a very high level.

 

You must understand fully that “you” must do what is necessary to reach the goals that you desire! 

 

If you had bad habits in your past or you currently have bad habits you must make a real effort at changing those bad habits and getting into the habit of doing what you need to do (will help you create good habits) on a consistent basis.

 

Conclusion

By having the self-discipline that is needed to go after what you desire in a consistent manner you can position yourself for a future that is more certain and can take you where you need or desire to be.

 

You can fly faster and higher and set and reach goals in a more time certain manner, regardless of how big or small those goals may be.

 

By leaving all excuses behind and really going after what you desire in a disciplined manner you can achieve at a level that is beyond your imagination.

 

The key is you must get started and have a never quit attitude that says to your internal clock that nothing that raises its ugly head will deter or detour you as you move to action daily in an effort to sincerely achieve your goal(s) and live out your life with more abundance and joy.

 

Isn’t it time that you have an internal conversation within your mind that concludes (once and for all) that it is time for a shift in not only your way of thinking–but also a shift in how you operate on a daily basis?

 

All the best toward your improved self-discipline, will to win and unlimited success…

 

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Learn how you can take more decisive action and use 3D to your wealth building advantage… 

 

Delay!

     Don’t do it at all!

           Do it now!

 

When it comes to improving your finances and building wealth more efficiently you can choose to Delay, Don’t do it at all, or Do it now!

 

By choosing to “do it now”–you can truly gain the insight that is needed to manage your finances at a very high level and live your life more abundantly while here on earth.

 

By being Decisive at this time and Determined to Do what you need to do—you can put the right 3D glasses on that can lead you toward the vision that you deserve, the vision that is desired by you, and the vision that is doable by you–so that you can make your dreams come true.

 

In this discussion TheWealthincreaser.com will discuss how you can see your future with more clarity so that you can take the right action on a consistent basis to help you move toward your wealth building goals in a more sincere manner.

 

• Delay

It is important that you have a “do it now” type of attitude as you cannot operate like 90% (TheWealthIncreaser.com’s unscientific estimate) of the population and put off what you could do now by stating to yourself that you will do it later.

 

In many cases that later is often too late as many rob themselves of achieving meaningful goals because they “start too late” and are unable to reach their goals.

 

You have the opportunity to throw away the notion of delay and put procrastination at bay, so that you can get positive momentum rolling your way.

 

• Don’t do it at all

Even worse than delay is the attitude of many who don’t want to plan, have no desire to plan and they are (or seem to be) willing to take whatever life dishes out at them.

 

It is important that you realize that you have the ability to make favorable outcomes happen in your life if you prepare for the journey and you gain the right knowledge and confidence at the right time in your life.

 

Many worldwide visitors to this site had the attitude of letting their finances manage them and have turned their situation around and have achieved major success by changing their money management personality to that of a winner–and you can do the same.

 

• Do it now

Even if you now have the attitude of delaying what you need to do or not doing anything at all–you can change your habits and develop an attitude of “do it now” and change the direction and trajectory of your life in a way that you could never imagine at this time.

 

Although the process of building wealth may appear daunting and difficult, the process is not as difficult as you think if you attack your finances in a highly effective and logical way!

 

It is in your best interest to leave worry, anxiety, fear, frustration, lack of effort and excuses behind and make a determined and highly focused effort on improving your financial position (and life) so that you can avoid financial strife.

 

Conclusion

You can choose to “delay” and more than likely financial mishaps will come your way,  you can choose to “don’t do it at all” and  possibly fall or move along at a snail’s pace or not at all–or you can choose to “do it now” and you will soon learn how—as it relates to effective wealth building in this economic environment–or any economic environment.

 

By choosing to be active at this time you are operating in a proactive manner–and not like many who operate in a reactive manner!

 

You are showing a real concern for your finances and financial future and you should feel confident about actively managing your finances and pursuing your dreams at a higher level than most.

 

Even so, financial success (or any success) will not be given to you—it must be earned by you!

 

Part of reaching the success that you desire is knowing the action steps that you can take to make what you desire a reality in real time.

 

How long, wide and high is your thought process as it relates to your finances?

 

How deep and layered is your approach to wealth building?

 

How will you use the time that you have been granted here on earth to your and your family’s benefit whether financial or living in your purpose at the various stages of your life?

 

Always realize that time is also a dimension, as we all have a limited amount of it and you must use the time that you have been granted on earth in a wise manner!

 

By using your thought process in 3D you will achieve results that you can see and move closer toward who you were meant to be.

 

You will embrace and be in pursuit of new ideas, theories, models and concepts as it relates to wealth building in a more engaging and rewarding way–each and every day.

 

When you broaden, deepen and shift your thought process in a focused manner as it relates to your financial condition and challenge your mind to operate at a higher level of excellence you are putting your mind in position to give it your absolute best and by doing so you can help direct your future outcomes and make the wealth building goals that you desire a reality.

 

3D thinking supports your thought movements in pursuit of new goals and expands your creative and imaginative thoughts!

 

Even though the topics on this page may be tough to think about, you must know that it is something that you (and/or your financial planner) must do–even if the process seems boring–if you desire to retire and live out your life with dignity and purpose–and make your dreams come true.

 

In short, by actively pursuing what you desire most it will be your diligence in searching out the best sources of financial advice, your discipline and willingness to learn and take decisive action when it is in your best interest to do so–along with focusing on what is truly important at the right time during your life.

 

All the best as you actively pursue 3 Dimensional success…

 

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Learn why young people must value “avoiding common financial mistakes” if they desire to build wealth more effectively in the current economy…

 

During the past few months the creator of TheWealthIncreaser.com had numerous contacts with high school graduates, college graduates, those entering the workforce for the first time on a full time basis and those transitioning into a new line of work.

 

Many were enthusiastic and looking forward to striking out on their own and managing the affairs of life themselves.

 

In light of that enthusiasm and in a preventive measure to help them (and possibly you) avoid common mistakes or pitfalls that I have seen many young (and old) people make over the years–this discussion will primarily focus on what young people can do to ensure a more prosperous future and one where they can build wealth and avoid what has held back or delayed many as they pursued a more prosperous  wealth building future.

 

In this hard hitting and to the point discussion TheWealthIncreaser.com will leave no doubt about the most pressing concerns that you should have–and act on at this time–if you desire to avoid common mistakes and build wealth effectively and efficiently–now and in your future.

 

Concern #1 not understanding your personal finances

It is important that you understand your personal finances in the simplest of terms and it can be made easy if you have the right approach.

 

You must know how to effectively create a personal budget or cash flow statement, a personal income statement, a personal balance sheet and it is important that you know your net worth so that you can build wealth effectively and at a faster pace.

 

Furthermore, you must know how to build your credit, maintain  your credit and use credit to your advantage throughout your lifetime!

 

By doing the above you position yourself to manage your finances in all areas at an optimal level throughout your lifetime.

 

Concern #2 underestimating your cost of living

In life interest rates will rise and fall, inflation will rear its ugly head and public policy within and without government will change.

 

Therefore you must properly establish an emergency fund to guard against uncertainty and plan for price increases by knowing what can and possibly will occur in the larger economy.

 

You must know your cost of living on a monthly and annual basis and ensure upfront that you have the capacity to pay your monthly expenses based off of your monthly income.

 

If you are moving to a new state or country, be particularly aware of potential cost of living adjustments.  Child care, health care, transportation, food and recreational expenses can vary from city to city and changing economic environments, therefore you want to know upfront if you need to get more income, cut expenses or more than likely do a combination of the two.

 

Concern #3 underestimating your housing costs

Your housing costs–whether you rent, have a mortgage, have a roommate or other living circumstances or arrangements–you must not underestimate or budget inappropriately as it will often put you in a deeper financial hole.

 

Over the years we have seen many who live aimlessly and juggle paying their bills as opposed to planning for their housing in a manner where they know they can affordably pay in a timely and consistent manner.

 

Even though your housing costs were included in the first two concerns listed above, they are included again as a separate concern due to the fact that your housing is normally the core of your monthly budget and it is important that you get your housing costs right on the front end.

 

Even though your housing expenses can be fixed if you rent or have a mortgage, there are variable expenses that can change such as your homeowners insurance, supplemental insurance such as flood or hurricane, property taxes and monthly utilities.

 

Concern #4 underestimating your taxes

If you are new to employment or are getting your first full-time employment you must adjust your w-4 to a level that allows you to meet your tax obligations.  Furthermore, if you are a free lancer or work independently you must pay estimated taxes to ensure that your taxes remain current.

 

You cannot underestimate your tax payments and not have a feel for what your tax position will be in the coming years based on your employment at this time and changes that are expected in the future.

 

If you are moving to a new state be aware of taxation in that state and be prepared to make adjustments when and where necessary to reduce or eliminate your tax burden.

 

In the United States, nine states (Alaska, Florida, Nevada, New Hampshire, South Dakota, Tennessee, Texas, Washington and Wyoming) have no income tax, however New Hampshire does tax investment income for tax revenue.

 

In addition you must consider taxes at the local and state level that may sometimes go by other names but are in effect taxation.

 

Concern #5 overestimating your job prospects

You must know your job prospects and your hourly or salaried wages that you will earn once you are gainfully employed.  You must be able to distinguish among the various types of income and know the difference between what you gross (your total earnings) and what you net (your take home pay).

 

It is important that you know your skill level and the pay range that you can expect now and in the future.  If you have to relocate can you do so in an effective manner and are you positioned to find a job at a pay grade that allows you to live at a desired level of comfort?

 

If your company downsizes and eliminates your position, do you have a plan?  Be aware of unemployment laws and labor protections in your state as it will put you well ahead of most and put you in a better position for long-term success.

 

Conclusion

Whether you are generation x, y or z (or a millennial) you must put together a cohesive picture of who you want to be–at this time–so that you can truly see.

 

It is you who must create in your mind (and in writing) the pathway to the success that you really desire–so that you can reach higher!

 

By looking at (in a proactive manner) common mistakes that many young people have made over the years and preparing your mind with the right material at this time, you can avoid costly mistakes and build wealth in an effective and efficient manner so that you can move forward at a more prosperous pace.

 

By understanding how your personal finances work, properly determining your cost of living, addressing your housing needs and ability to afford prior to move-in, addressing your current and future tax position and determining how your job prospects will affect you now–and in your future–you can set yourself up for a more prosperous future.

 

Even if you have to move to a better location and tighten up your budget–the move could be worthwhile.  Higher taxes in a better school district and area may push up your cost of living but it could be worthwhile if it offers you a better quality of life–and particularly if you plan on raising kids.

 

The wealth building success that you desire is predicated on you making a determined and highly dedicated effort at managing your finances in an intelligent, consistent and proactive manner so that you can build wealth, live the lifestyle that you desire and retire in comfort by knowing what you can and can’t do during your retirement years.

 

In the end, always remember that there are things that you can proactively do to facilitate making your dreams come true!

 

It is important that you realize that at the time the creator of TheWealthIncreaser.com entered into the workforce there was no avenue on the web that provided guidance of a significant nature as it relates to personal finance and building wealth effectively.

 

By landing on this page and site at this time you have no excuse for not starting off right!

 

All the best as you avoid mistakes, refuse to put on the brakes and move rapidly toward your wealth building success by giving it your absolute best as you build a foundation that will pass any test…

 

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Learn why you must renew your strength and pursue your wealth building goals in a more forceful manner…

 

In life there will be many obstacles and pitfalls that you must avoid or manage effectively when you encounter them as you build wealth.

 

You cannot respond to criticism or any other obstacle in an inappropriate manner as criticism and obstacles are to be expected as you move toward your wealth building goals.

 

Just as the creator of TheWealthIncreaser.com has fought through obstacles since beginning his blogging journey in 2010 and continues to provide a worldwide audience pressing wealth building advice and strategies without worry or concern of criticism—so too must you use your strength to press on when difficult times occur, whether it be criticism or any other roadblock that you may encounter.

 

In this discussion TheWealthIncreaser.com will discuss ways that you can use the strength that you were enshrined with at birth and the strength that you  now have that can now be enhanced to help you achieve more as you build wealth.

 

Look within to see how you operate during difficult stretches in your life

In life there are many obstacles that have the potential to get you down, however you must have the mental fortitude to press on and achieve your goals regardless of how daunting the challenge is.

 

You must not let worry, frustration and lack of effort that you may be experiencing at this time hold you back from reaching your goals.

 

Do you have the strength to press on when difficult times occur or do you give up easily?

 

You must look within and determine in a “sincere way” how you operate when the events in your life go against the tide.

 

Expand your thought process

 You must no longer look at your wealth building activities in an isolated or incongruent manner.

 

You must expand your thought process to see how you can better manage your monthly income and expenses, manage your credit optimally and manage your overall finances in a way that benefits you the most—not creditors and others that you may owe!

 

Determine from this day forward that you will have the strength to press on regardless of the adversity that you will face

It is important that you never back down from a challenge that you face whether it be financial or otherwise.

 

You must expect adversity to rear its ugly head, however you must also expect continuous success regardless of how difficult the journey may appear—at certain stretches in your life.

 

Conclusion

You must have the attitude that you will be persistent when difficult times occur whether it be criticism from others, untimely life events that cause a major setback in your heart and mind and other unplanned events that push you in the opposite direction of your big dream.

 

You must enhance your future by responding appropriately and using your strength to move forward in a more efficient and empowering manner so that you can reach the altitude (goals) that you desire.

 

You may have to renew your strength by strengthening your positive habits that you now have or enhancing those qualities so that you can defeat your negative qualities or reduce the likelihood that they will play a detrimental role in your future.

 

All the best toward using your strength to achieve a new level of success…

 

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