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Tuesday, December 28, 2010

Building Wealth In A Changing Economy - Opportunity

Most people around the world have been shaken by the recession which began a couple of years ago, and many have felt the sharpness of its sting . People have lost their homes, their jobs, and their retirement funds, and are still doing so. Foreclosures, bankruptcies and debt defaults are at an all time high.

People who had retired and expected to enjoy the fruits of their many years’ labour have been forced to go back to work - if they are able to get employment - because the money which they were counting on to provide for them has all but gone. If you have any sort of retirement fund, you will know how that has fared – is there going to be enough to enable you to live comfortably in retirement? And who knows how long your retirement will be.



It is very likely, also, that the Social Security which is provided by the governments of many Western nations will no longer be available, either, as the Governments find it more and more challenging to provide it.

You may be wondering by now if this is just another story of doom and gloom? It most certainly isn’t! For with every adversity – and the recession is definitely an adversity, and one with a huge impact! – there is also opportunity. Here is a snippet of information that you may not be aware of – the Great Depression of the 1930’s made more millionaires than any other time in history.

The people who were ‘financially literate’ or, in other words, knew how the financial world worked, and who knew the kind of things that go on out of sight of the rest of the world, took the opportunity that presented itself in that great adversity and turned it into much good, benefiting themselves, and others, and for many years. They were the ones on whose backs the economies of the world rose again to stability and growth. These people were able to achieve so much, and make such a contribution because they were prepared.



Over the next several years the world will see the greatest transfer of wealth in its history. It has already begun; it will affect your future, your children’s future, your grandchildren’s future. With the correct preparation, you can be on the right side of that equation.

What kind of preparation will you need? The catalyst for your success will include:-

1. Financial literacy – you need to know what goes on behind the scenes so you can make greatest progress with lowest risk.
2. Vision – you must be able to ‘see’ the future or result that you are aiming for in order to take the steps necessary to achieve it.
3. System – your plan which will tell you what actions you have to undertake to achieve the future you want.
The three components of your success, listed above, will require that you undergo a change in the way you think and in what you know.

“If you want to be rich, you need to ‘think.’ Think independently rather than go along with the crowd.” - Robert T. Kiyosaki

Rich people think in a way quite different to, and often apparently contradictory to, the way the average man in the street thinks. If your mind is to be alert to all the changes occurring that can affect your finances and your wealth creation, and ultimately, your future, it must be trained.

You may be thinking by now that it all sounds too hard and you won’t be able to do it. Are you willing to resign yourself and your future to whatever may happen? Think again – you can ride on the backs of experts in all these areas – you don’t have to re-invent the wheel. It really is not too hard!

TAGS;Income Opportunity Investments Opportunities Investment Options Wealth Strategies Risk Management Financial World Wealth Advisors Business Opportunity Wealth Program Online Business Internet Wealth Wealth Creation Wealth Wisdom Net Wealth Building Wealth Financial Losses Financial Goals Outer Wealth Wealth Builders Financial Security

1 comments:

Caolan Patrick – Wealth Creation Expert said...

There are multiple ways and means to make that extra money as we know. We can make use of the natural resources available in our own garden, backyard or surroundings. There are plenty of avenues available for one looking at how to earn more money. You will find things that you do on a daily basis can help you make a few extra dollars.

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