Keys to Your Wealth

Keys to Wealth have been talked about for thousands of years. King Solomon himself wrote about many of those principles. What fascinates me most is that the principles seem to endure the ages. While principles endure, techniques and methods can change. In fact, during this internet age, it seems that there is a new idea every hour. 

Wealth too, needs to be clarified. For the purposes of this series of articles, I am talking about financial wealth, but you can be wealthy in friends, talent, health and more. You can be happy and have no money, though anyone who's been in both situations will probably say that while money itself doesn't make you happy, it certainly helps in taking a lot of worries off your mind.

Financial wealth is more than having money. You can make millions of dollars a day but if you spend a million and one each day, you're broke. If you build your financial empire on a house of cards, then you will not have true wealth. True wealth endures because it is built on principles that endure.
Here are the seven principles that will help you to have and keep wealth:

1. Know what you want--Dream Big Dreams, see it in your mind
2. Think like the Wealthy--the rich get richer because of how they think, it isn't a zero sum game
3. Budget--spend less than you make and invest the rest
4. Understand how money works--Spend on Assets, Be Debt Free, Budget, Understand Compounding
5. Provide Value--Give people what they want
6. Use Slight Edge Principles
7. Take Action

These principles have worked for a long time and they continue to work in people's lives. While these principles have worked for ages, there are certainly environments where they are much easier to apply. Living in a country that leaves you relatively free to pursue your interests and that don't overtax will make things considerably easier.

Also, by definition, for our purposes, wealth is long term. Long term wealth requires honesty, integrity and service to others.

Killing the goose killed his fortune.

It's the old Goose that laid the Golden Eggs principle. Daily, the owner of the goose got his egg. He had a very nice lifestyle but he thought that he could get all of the rest of the eggs at once. So, he killed the goose and found that the goose actually created the eggs, one per day. There wasn't a big stash inside. Killing the goose killed his fortune.

If you lie or cheat, you are killing the golden goose, YOU! If you aren't providing value to others, you cutting off the food supply to the golden goose. Don't act to make profits without looking at the long term consequences.

This is part 1 of a 9 part series. In each of the next 7 sections, I will go into detail about each principle.

Rich Freeman
Keys2Wealth.com

Part 2 of 9