BUILDING WEALTH IS SIMPLY A PROCESS

Do you sometimes think it a cruel twist of fate that some people build great wealth while others have so little and can never seem to get ahead? It simply is not true. Wealth building is a process, much like baking a cake. When you want to bake a cake, you get out your favorite cookbook or go online or search favorite family recipes for the cake that your wanting to prepare. Then it's a simple matter to follow the recipe and directions until you've prepared the finished product.

Building wealth is basically the same. You do your research, find out how others have made their money work for them and you do the same. Once you've found a recipe or plan for making your work for you and earn more money, it's a simple matter to keep repeating the process or plan until you've made yourself wealthy.

Some good starting points: Live below your means. Pay yourself first. Learn to make your money work for you, instead of always working for money. Realize that there is truly "nothing new under the sun" in the sense that what others have accomplished can be learned and duplicated. So search out a process for making money that works for you and keep repeating it. It's as simple as that.

It's Not Your Bosses Job to Make You Rich

Since starting my new job, I've mentioned in some of my posts that I'm not making as much in pay as I'm used to. However, I don't want anyone to get the wrong idea. I'm thankful to have a job. Whatever the pay is, I always create a budget based on current income. For several years the income from my jobs went up. Now it's gone down, but I've still budgeted to live on the money I have coming in from my paycheck. I make allowances for my bills and living expenses and for building my investments.

So many people seem to think they are underpaid and in some cases, maybe they are. But what everyone should keep in mind is that it's not your bosses job to make you rich. Your reward for your hard work on the job is the pay and benefits package you agreed to when you accepted the job in the first place. Your bosses job is to see that you get what you were promised and that's it.

It is each individuals job to make themselves rich. And the way to do that is to learn to handle your cash flow. Whether you make a lot of money or minimum wage is irrelevant if you are unable to handle your money properly. If you constantly mismanage your personal finances, no matter how much money you make, you will never get ahead. That is why I feel so strongly about financial education. Accepting responsibility for your own financial future and taking action to reach your goals is about the only way the average person will ever hope to achieve wealth. Basically what I'm saying is, it's not how much you get paid, it's what you do with it when you cash your paycheck.