Question about wealth

The Wealth Formula succinctly depicts the components that are necessary for you to create real wealth. The Wealth Formula is shown below:

M+K+P+A=W

It identifies four essential wealth creation stages and the relationship between them. These are:

Wealth Mindset
Wealth Knowledge
Wealth Planning
Wealth Action

It links each of these four component through the plus sign, +, which signifies that each of the four components are necessary for you to create wealth. In other words, missing one or more of the four wealth components will dramatically impact your ability to generate wealth.

For example, you could mentally prepare yourself, learn everything you need to make enormous wealth and create the most detailed plan to achieve your desired level of wealth, but if you don’t action it then all that preparation is worthless.

Similarly, if you mentally prepare yourself, learn everything you need to make enormous wealth and run off actioning your newfound mindset and knowledge but fail to make a plan it is like setting off in your car to go somewhere you’ve never been without taking a map. What’s your wealth destination? How will you know if you’ve achieved what you wanted to achieve? How do you know your using the right investment vehicle? How do you know if you’re on track or not to reach your target? Are you surpassing or underachieving against realistic milestones? All of these questions would be easily answered with proper planning.

So let’s look at each of the four wealth creation categories in turn.

Wealth mindset:

Wealth Mindset is the first of the four wealth creation categories and examines the importance of the correct mindset to creating wealth and financial freedom. Wealth mindset covers the interaction between you and your environment and the process of adjusting your thought process to think like the wealthy.

For example, the poor and middle class generally think that money is scarce and hard to come by. Saying such as “Money doesn’t grow on trees” and “I can’t afford that” spring to mind. The wealthy see a world of opportunity and abundance. They see money as little more than a concept and simply the by-product of providing value to others. They also know that offering value to others is only limited by their imagination and thus money must too only be limited by their imagination. The wealthiest people of the planet simply understand this and have incredible imaginations that create amazing value to others.

For example, Jeff Bezos realised that bookstores were severely limited in the amount of books they could offer their customers due to geographic and physical constraints. In other words bookstores could only service customers that lived near them and could only offer a limited amount of books, which fit in their store. He saw an amazing opportunity to solve these two problems by giving access to anyone anywhere via the Internet and offering a catalogue that is 40 times the size of a large bookstore. Jeff founded the multi-billion dollar company Amazon!

Wealth Knowledge:

Wealth knowledge is the second of the four wealth creation categories and examines the financial knowledge that is essential to create wealth and financial freedom. It is essential for wealth creation that you are knowledgeable about your own personal finances, the economy, the psychology of markets, compound interest and the asset classes and investment products available to you. Further, you need to understand how to interpret financial statements, investment strategies and risk management all from the wealth creation perspective.

Wealth Planning:

Wealth planning is the third of the four wealth creation categories and examines the essential component of planning to create wealth and financial freedom. Wealth planning is absolutely essential, yet on 3% of the population has clearly written goals and plans. A Harvard Business School study found that this 3% earned 10 times the average of the other 97% and they accumulated 98% of the wealth.

Wealth Action:

Wealth Action is the forth and final wealth creation category and examines the element of action in your wealth journey to create wealth and financial freedom. The importance of action to achieving wealth is obvious. Nothing can be achieved without action.

By using the wealth formula you can easily learn where your wealth creation strengths and weaknesses are and where you need to concentrate your efforts at improving.

Video related to wealth

This video basically sums up the distribution of wealth throughout the US population. The distribution of wealth in other countries, like the UK, is very similar. These figures are more than a decade old. It’s even more concentrated now.

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Question about wealth

I find it fascinating to read all the comment about wealth as the current financial crisis develops. There is always the presumption that wealth can be created but little about the basis for that presumption. It has been taken for granted for years because the evidence has been there. Many people have seen their paper wealth grow like a weed. Now it is dying and they wonder what went wrong. They wonder whether some more fertilizer will make it grow again. They do not know the difference between spurious paper wealth and real substantive wealth. After all, why should they when the paper wealth brought them all they could desire? Now they will have to learn to make do with what remains of the real wealth.

Society has used intelligence, motivation, skills and the tools they have invented to build up, operate and maintain the structure of civilization by irreversibly using the available natural capital at a high rate. That structure of civilization is the real material wealth of our society. It has been the rock on which the other elements of real wealth – social, cultural, intellectual – have developed. Financial wealth used to represent this real wealth but that is no longer so. The cancerous growth of financial markets in recent decades has ensured a growing disconnect between real wealth and this spurious financial wealth. Naturally, this cancer is now imploding.

The question is how much influence will this implosion have on real wealth. The real material wealth of civilization has been built by using natural capital, which is natural material wealth. Consideration of only one side of the ledger – the real material wealth of civilization – leads to the misunderstanding that is endemic to the human race. We have built up our material wealth at the expense of decimating the wealth of our life support system, the environment. It can be argued, and is a common belief, that we have done a successful job of creating real wealth of society from natural wealth. That argument and belief is based upon the stupid assumption that natural capital can continue to be drawn down ad nauseum. Society is now going to have to face the reality that natural capital is becoming scarce. Most of the natural wealth has been decimated. Society is addicted to using natural capital at a high rate for its development, operation and maintenance. Yet, it is becoming scarce. The symptoms of this malaise, including climate change and fuel, food and water supply problems, are becoming apparent to even our leaders. We now have to face up to the real material wealth of civilization declining. Hopefully sufficient wisdom will emerge to maintain some of the social, cultural and intellectual wealth.

The irony is that money, in spite of its inherent lack of real value, continues to be the driving force of the operation of society. Those who have money can buy a high material standard of living without having to worry about the consequences. The well-off in society are doing a tremendous job of doing more than their fair share of decimating the life support system of civilization! The consequences of this ravaging will only slowly trickle up. There have been a small minority who have amassed financial wealth, often without contributing to the real wealth. They will be the last to power down as the economy contracts. The masses are already paying the price of the decimation of the real natural material wealth.

This discrepancy between real and spurious wealth comes about because of a simple hallucination of humans. We believe that we can ‘make money’. We ignore the fact that limited natural capital evolved slowly over eons under the driving force of insolation. We can thank the sun for making that capital. But we have developed the means to irreversibly use up that natural benefaction with money we have made!

Video related to wealth

Om Mahalakshmyai cha vidmahe Vishnu patnyai cha dhimahi Tanno Lakshmihi prachodayat Translation: “Om. Let us meditate on the Great Goddess Sri Lakshmi, the consort of Sri Maha Vishnu. May that effulgent Maha Lakshmi Devi inspire and illuminate our mind with understanding.” Laxmi Gayatri: This is the one Shakti believed to help in acquiring wealth, status, greatness, and fame; therefore, this mantra is used to invoke this Shakti. This video contains 11 Repetitions of Lakshmi’s Gayatri for learning to accurately pronounce this mantra (important). 108 repetitions (or 1 mala) is recommended daily. Pray to the Divine to guide you as I felt guided to make this. Even just regularly hearing the sacred Sanskrit words of this mantra will help you. “Goddess Lakshmi, consort of Lord Vishnu, is also the goddess of wealth and prosperity. The word ”Lakshmi” is derived from the Sanskrit word Laksme, meaning “goal.” Lakshmi, therefore, represents the goal of life, which includes worldly as well as spiritual prosperity. Worship Goddess Lakshmi for promotion, success and personal virtues. Women who chant her mantra will develop irresistible beauty and radiance, that shines from within. Praying to Laxmi you will learn how to be truly feminine and win everybody’s admiration. This mantra is a supplement for those, who are in show business or in acting and modeling. The mantra will help you to be noticed, brings luck and fortune. The drawing of Laxmi’s footprints are used as a magic charm in <b>…</b>

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Question about finance

THE HEART OF FINANCES

As with the physical heart and the spiritual heart, so it is with the financial heart. In the matter of your finances or money, if you want to bring about a change in your finances you must get to the heart of the matter.

1.  

   1. The heart of finances, the thing that provides the power needed for financial increase, prosperity and wealth are the thoughts that dominate your mind about your finances, your attitude.

Your thoughts are the heart of your finances. If your thoughts about your finances aren’t right then your finances will not be right either.

 

You cannot wish, hope and desire financial increase and then have thoughts of poverty, lack, barely making ends meet and living paycheck to paycheck dominating your thought life.

1.  

   1. Either one thought pattern or the other will dominate your mind and produce results in accordance with the dominating thoughts you’re thinking.

 

1. “For as he (a man) thinketh in his heart, so is he.” Proverbs 23:7

You can’t think one way and expect another way to come forth the thoughts you’re sowing in your mind you will reap in your life and there’s no way around it. You will become what you think.

1.  

   1. You need to put this scripture in your spirit until you get the revelation of it in your heart.

You must come into the knowledge that your thoughts are what you will become. There is no exception to this rule you will become the dominating thoughts that you’re thinking

At this moment, thoughts of poverty, lack, limitations, barely making ends meet, financial loss and living paycheck to paycheck may be the dominating thoughts of your life.

These dominating thoughts have a direct correlation and connection with the things that you are currently experiencing in your life.

THE BUM ON THE STREET AND THE RICH MAN ON WALL STREET

The only difference between the bum on the street and the rich man on Wall Street are the difference in the thoughts that’s dominating their thinking

The attitude of one is totally different from the attitude of the other. The bum on the street, have dominating thoughts of poverty, lack, and wondering about their daily drink and food.

The dominating thoughts of his mind have produced the events of his life. Even if once in a while he has thoughts of plenty those thoughts are soon evaporated and suppressed by the negative thoughts of lack and limitations.

Thoughts of plenty have no voice in his mind because of the dominating thoughts of poverty and barely making ends meet.

The bum with this state of mind will never arise from his position until he change the dominating thoughts of his thinking. “For as a man thinketh in his heart, so is he.” Proverbs 23:7 As he continues to think so he continues to be.

The rich man on Wall Street have dominating thoughts of plenty, wealth, riches and abundance. The dominating thoughts of his mind have in return produced the events of his life.

Even if once in a while he has negative thoughts of lack and loss, those thoughts are soon evaporated and suppressed by the thoughts of plenty, abundance, wealth and riches.

Thoughts of lack has no voice in his mind because of the dominating thoughts of plenty and abundance.

The rich men with this state of mind will never (with all things being equal) fall from his state of prosperity unless he changes the dominating thoughts of his thinking.

“For as a man thinketh in his heart, so is he.” Proverbs 23:7

The only difference between the bum on the street and the rich man on Wall Street are the dominating thoughts of their mind, their attitude.

If each of the examples above would simply change to the dominating thoughts or attitude of the other over time the circumstances of each person would likewise change from one to the other.

The bum would then become the rich man on Wall Street and the rich man on wall street would become the boom by simply changing the dominating thoughts of their mind. The heart of it all is in the matter of thoughts.

There is a universal law in the realm of the mind that works the same for all mankind, that law is “like attracts like,” “cause and effect,” “what you sow, you will reap,” and “everything produces after its kind.” Genesis 1:11-12 A apple trees cannot produce oranges nor can a pecan tree produce plums. Every tree only produces after its kind. Luke 6:43-44

DOMINATING THOUGHTS

 

The dominating thoughts of your mind, is the heart to your world of financial abundance or financial lack.

1.  

   1. Like the heart is the pumping machine of the physical body and provides the power needed for physical life.

1.  

   1. The thoughts that dominate you’re thinking about money and finances are the pumping machine of your financial life.

 

These thoughts then provide the power needed for financial increase, prosperity and wealth.

If you’re daily pumping into your mind thoughts of lack, limitation, poverty, barely making ends meet and paycheck to paycheck thinking this is the only thing you can ever receive.

“For as he (man) thinketh in his heart, so is he.” Proverbs 23:7

If you’re daily pumping into your mind thoughts of increase, plenty, abundance, wealth and riches then this is the only thing that you can receive.

If you don’t believe it, go and ask any financially prosperous person how often they think of lack and limitation and they will tell you either not often or not at all.

Ask them how often they think of increase, abundance, and plenty and they will tell you either often or all the time.

However, if you ask the person living in lack and poverty how often they think of abundance, plenty and wealth (if they’re honest with themselves and you) they will tell you either not often or not at all. Unless they’re an exception to the rule and there’s not many exceptions.

Yet, ask them how often they think of lack, limitation and paycheck to paycheck living (if they’re honest) they will tell you either often or all the time.

If you don’t desire to ask anyone then simply ask yourself and in accordance to whether you’re in prosperity or lack, you’re thinking one way or the other often or all the time.

As he continues to think so he continues to be.

• If the dominating thoughts of your mind presently are thoughts of lack, poverty and paycheck to paycheck living don’t be dismayed, for the individual that have thoughts of plenty and abundance had to start those thoughts at sometime and some place.

• Today is your time, where you are right now is your place.

• Now is the time to apply your hidden riches in secret places and take on your new heart of finances.

• Now is the time to begin pumping into your mind dominating thoughts of increase, prosperity, plenty, abundance, wealth and riches.

• Now is the time to take out and cast aside that old stony financial heart (thoughts) of lack, poverty, barely making ends meet and paycheck to paycheck living.

• Now is the time to receive a new financial heart (thoughts) of increase, prosperity, wealth, overflow and unlimited supply.

Video related to finance

Present Value and Future Value explained from teachmefinance.com

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