After such long time AbangAbu re looking into all giving all of my beloved readers another interesting tip in creating wealth the millionaires way.
After some studies and conducting workshop, I would like to share tips on creating wealth. To build your wealth just get into this WEALTH tip.
So how to create wealth… Just get WEALTH with this tips below.
W= WANTING
Wanting to be wealthy is important and the most important step in getting wealthy. Many of the people who are not getting wealthy have the fear in them to get wealthy. So it will be important to ask yourself the question what you want? where are you going? Set your goal in wanting to be wealthy. As a guide and help AbangAbu created MAP2BRICH ECoahcing for you learn in step by step process and plan your journey.
E = EDUCATE
Education / knowledge is key in making money. Financial literacy is the key in making money in today’s economy. Financial worlg becoming even complex and without financial literacy you will be left behind. Get your self up to start read books, attend seminars and talks , as well get into some groups that discuss about money and finance.Ask people you know to explain things to you, and start applying the lessons learned. These lessons include living below your means, avoiding buying on impulse, always trying to negotiate better deals (on cars, cable bills, furniture), staying in your home even long after you can afford a more expensive one, and putting 20 percent of your annual salary into investments. Start with family and friends too. Again MAP2BRICH E COACHING is designed to give you important financial knowledge for you to become financially intelligence.
A = ADD PASSION
Add passion in what ever you do in making money. Many survey been conducted and found that millionaires really passionate about the things they do. They never do things for money as 1st priorities but money is an important priority. They more do things they do because of the passion that they have towards what they do.
So find out your passion and start to work on that passion to create money and wealth. Never get involve in things that never create wealth for you. Get into finding your passion and create business out of that passion. I have created a guide for it . MANUAL Business.
L= LEARN to GROW
Learn to grow your money. Lets put some saving with a sole purpose of creating money and wealth. Be it in retirement fund, side business, property investments. the important thing is pay yourself first.
It is about learning to make your money work for you and start creating wealth. This need coaching and skills too. Attend seminars or get a coach in making it happen for you. Something that you can learn from a webinar on INVESTMENT is coming soon. check it out too
T= TAKE RISK
No Guts,No Glory. Creating and building wealth needs risk taking. You need to do it in order to know if it will work. And you must be prepared to also face challenges and ready with options when that happen.
Every successful millionaires take risk and many had fallen many times. In a recent LiveWire Shell event , i listen to Mr Teo Ser Luck who shared where he failed in many ventures and succeed in 2 ventures that cover up all the losses from failed ventures. Take Risk coming with never Give Up attitude. So dont be afraid to take risk, just make sure it is a calculated risk. meaning you know what will happen if it never happen.
H=Have Spending Plan
According to the 2007 Annual Survey of Affluence & Wealth in America, some of the richest people “spend their money with a middle-class mind-set.” They clip coupons, wait for sales and buy luxury items at a discount. So, if you want to become a millionaire, it’s time to stop the unnecessary spending and start focusing on building your nest egg. Have a spending plan , AbangAbu have a workbook in english for you to track, trim and train yourself and your family be become a prudent spender. Money Compass.
AbangAbu believe that these tips on creating WEALTH will be useful. So lets build our WEALTH…..
