Tuesday, April 21, 2009

Creating Wealth – Who, What, Where, When, How

Creating wealth and the who, what, where, when, how and why that is involved with creating the type of wealth that you are searching for. Everyone wants the “American Dream” and all of the wonderful freedom that comes with it. Within today’s economy and strain on job security it seems harder than ever to feel like you could ever reach your wealth creating goals. However, even though America is going through an economical struggle, there will still be hundreds of new millionaires created this year. So knowing that even through hard times you can create wealth, the question becomes, how can you do it?

It is helpful to understand that wealth is the fundamental thing. Wealth is stuff we want: food, clothes, houses, cars, gadgets, and travel to interesting places. You can have wealth without having money. Money is a side effect of specialization. In a specialized society, most of the things you need, you can't make for yourself. If you want a potato or a pencil or a place to live, you have to get it from someone else. How do you get the person who grows the potatoes to give you some? By giving him something he wants in return. But you can't get very far by trading things directly with the people who need them. If you make violins, and none of the local farmers wants one, how will you eat? The solution societies find, as they get more specialized, is to make the trade into a two-step process. Instead of trading violins directly for potatoes, you trade violins for, say, silver, which you can then trade again for anything else you need. The intermediate stuff-- the medium of exchange-- can be anything that's rare and portable. Historically metals have been the most common, but recently we've been using a medium of exchange, called the dollar, that doesn't physically exist. It works as a medium of exchange, however, because its rarity is guaranteed by the U.S. Government. The advantage of a medium of exchange is that it makes trade work. The disadvantage is that it tends to obscure what trade really means. People think that what a business does is make money. But money is just the intermediate stage for whatever people want. What most businesses really do is make wealth. They do something people want.

Who can create wealth? Anyone that has the desire, the will to focus on what needs to happen, the insight to see wealth creating opportunities and acquire the ability to take action in making it happen can create wealth.

Where can you create wealth? The United States of America is, has been and will continue to be the #1 place for an individual to have the freedom to create individual wealth. America is the home of the entrepreneur and holds more possibilities for an individual with nothing to become a self made millionaire than anywhere else. Entrepreneurialism has been a part of the USA since Christopher Columbus discovered America and boomed through the industrial revolution and boomed again through the Internet .com years. And now hundreds of thousands of individuals are finding entrepreneurialism through real estate investing and work from home opportunities that allow them to walk away from their corporate jobs.

When can you create wealth? You can start creating wealth as a child, teenager, college grad or as an adult. Even as a child you can start creating wealth by focusing on what you need to do in order for you to receive the things you desire. However, what most people consider true wealth involves having an abundance of money because money is a way of moving wealth. So the sooner you start focusing on creating long term wealth the more likely you are to have even more wealth into your later years than if you didn’t start as soon. For example, if you started investing your money in a Mutual Fund from the time you got your first job at 18 the ability for that money to grow and create more opportunities to create more wealth is much higher than if you wait until you are 40 to start investing for long term wealth. You can also look at the “when” of creating wealth as simple as when a good opportunity is in front of you.

How can you create wealth? The “how” of creating wealth can literally be an endless number of possibilities. You can start up your own company, be a part of a tech start up company, find your way into buying and selling businesses, find unbelievable investment opportunities in the stock market or invest in real estate. How you create wealth comes down to understanding what people need. If you create something that people need you gain the ability to trade what you have created for something, such as money, in return. Or you simply buy and sell what people need for a profit. In most recent years, after the .com boom, the most common way of creating wealth has been to find a product that someone else has created, buy it for a low price and sell it to someone who needs it for a higher price allowing you to make a profit. This is where investing in real estate is a very beneficial aspect because you can be the owner, the seller, the creator, the middle man or a combination of all of them. Real estate investing is probably the #1 easiest way for any individual to create multiple streams of income and allow for fast or short term and long term wealth. Wealth is what you want, not money. But if you want wealth you need money as a way of moving wealth.

Why would you want to create wealth? The “why” of creating wealth is the easiest to understand. You want to create wealth so that you can have all of the things you want and desire, physically and mentally. You want to create wealth so that you don’t have to stress about having money. You want to create wealth to have the freedom that you desire. You want to create wealth to be able to give and help the less fortunate. You want to create wealth for individual satisfaction and for your family. You want to create wealth to achieve the American Dream!

Learn how to invest in real estate to create wealth and multiple streams of income. A lot of people are interested in finding out whether they can really make money by investing in real estate. Many people dream of becoming real estate investors, but not everyone has what it takes. Not everyone gets serious about it and approaches real estate investing as a true means of creating wealth. However, the Nouveau Riche Real Estate Investment College can give you the education and knowledge you need to take action and get started in real estate investing the right way the first time. If you want to learn how to invest in real estate to create wealth there are several important questions to consider, long before you buy your first investment property. Nouveau Riche can expand on every aspect that you need to know about investing in real estate. If you are already a serious real estate investor Nouveau Riche can advance your current knowledge and allow you to incorporate the most current strategies in real estate investing. In addition, Nouveau Riche will be there to support you as you put your education into ACTION. Nouveau Riche will also give you exclusive access to network of companies that are vital to finding a full spectrum of success when investing in real estate. This network of companies will help you with all aspects of real estate investing, including; finding properties to invest in, mortgage services, accounting services, credit repair services and incorporating your business.

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