So you'd like to...

create wealth and enjoy financial freedom

A guide by Thomas Herold "Thomas Herold" (Fairfax, CA USA)

Products sampled from this guide:
What sensible person would not be interested to learn the secrets to increase wealth and achieve an early retirement? This may sound like a far fetched notion to you today in light of the dismal economy.

Actually, I strongly believe that the current economic problems are also a result of not understanding what wealth is, and the principles of building it. Too much focus these days is on money, which is only a derivative of wealth.

The truth is that you can reach these enviable goals if you follow twelve basic principles. These twelve principals are outlined and described for you in the paragraphs that follow.


1. Study the History of Money
-----------------------------

There is more to know about the history of money than you might suppose. When you study about money and its historical norm, then you will understand the dangers that today’s fiat money poses to your investments, retirement accounts, and other savings.

You have to know that the government employs fiat money to intentionally and steadily debase, or devalue, money by stealth. This is so that modern day sovereign governments can constantly spend more money every year and grow their debt little by little.

They then inflate away the value of their debt as they quietly print more and more money over time. You the saver and investor are one of the losers in this equation, unless you learn the ways to fight the ongoing stealth devaluation.

Web of Debt


2. Understand the Cycles And New Rules of Money
-----------------------------------------------

There are many things that have changed about money in today’s economy and world. You must understand these in order to grow your wealth. For instance, not all debt is bad. Some forms of debt leverage can allow you to create passive income investments that generate cash flow and give you additional net income on a regular basis.

Whenever interest rates are changing from low to high or high to low the economy functions on new rules. These periods are also called wealth cycles.

In 1971, the world experienced one of the largest global financial shift it had ever known. President Nixon removed the U.S. from the gold standard and with that single, seemingly insignificant act, the American dream ended for most of us. The dollar is no longer real, value-based money; it has become worthless currency and it’s value is headed toward zero!

Savers and employees are now the losers, debtors and entrepreneurs the big winners.

Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money


3. Know the Difference between Money and Wealth
-----------------------------------------------

This may come as a shock to you, but money does not equal wealth. Wealth is the financial means to not have to work, or to pursue the activities that are of interest to you personally with your time.

Wealth is defined in the dictionary as: An abundance of valuable material possessions or resources; riches, the state of being rich; affluence, all goods and resources having value in terms of exchange or use, and a great amount; a profusion. It is also interesting to mention that health and wealth are closely related to each other.

Naturally, this means that the exact definition of wealth is different from you to the next individual. Until you comprehend the difference between money and wealth, you will not set your goals for reaching retirement early with the maximum effectiveness.

The Soul of Money: Reclaiming the Wealth of Our Inner Resources


4. Leave the Past Behind You
----------------------------

Maybe you have made a mess of your financial situation in the past. Perhaps you are half way to the retirement age and you do not have much of anything, or even anything at all, saved for the golden years. It is time to forget about your past. Stop letting it control you.

Instead, pour all of your time, effort, and energies into what you can do to improve your financial condition in the present day. When you squander your days mulling over the bitter past, you only cheat yourself out of the more promising future that could await you with some hard work and prudent financial planning.

Your attention is one of the most valuable assets you have. Your attention span is limited and if you have attention fixed on the past you have less available to create and manifest your future. Wealth building is a long term commitment that goes far beyond your lifespan.

The poor prepare for Saturday evening, the middle class prepare for retirement and the wealthy prepare for generations to come.

Living Deliberately: The Discovery and Development of Avatar
Resurfacing: Techniques for Exploring Consciousness


5. Tap Into the Wealth Mindset
------------------------------

The biggest difference between the wealthy and everyone else is their outlook on life and their attitude. Poor people tend to be pessimistic. Middle class individuals are often realists by nature. The wealthy instead are optimists in every area of their life.

They realize that each day presents them with a golden opportunity to improve their financial lot in life. You can draw on the considerable source of power that this offers the rich too, whatever your present day financial circumstances may actually be.

A wealthy mind is focused on solving problems and working towards a solution. The wealthy mind is also interested in serving and improving the life of others.

Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth


6. Research Ways That Create Money
----------------------------------

Did you know that there are smarter, more effective ways to create more money than only by working? You can look into effective avenues to set up passive income streams. This might involve you starting to develop an online business, an e-commerce website, or to invest in high yield dividend stocks with your portfolio.

When you put some time into this research task, your rewards can be far greater than whatever time, funds, and energy you expend to learn these secret ways to have more money every month.

We have left the industrial age, and are now in the information age. With this paradigm shift comes new rules. The traditional employment structure is vanishing and replaced with more entrepreneurs. The Internet is one of the new platforms of doing business, which is completely independent from the physical world.

The Accidental Entrepreneur: The 50 Things I Wish Someone Had Told Me About Starting a Business


7. Learn How to Protect Your Money
----------------------------------

Risk management is a fancy way of saying that you should protect your money and not gamble it away in a risk fraught investment casino. There are effective strategies to protect your stock portfolio and other investments.

Insurance on many forms of investments is both available and a prudent choice for you. But you will not even know that this financial insurance is available to you for a reasonable premium if you do not spend some time to learn how you can protect your money.

Keep What You Own: Protect Your Money, Property, And Family From Courts, Creditors, And The IRS


8. Understand How to Budget Your Money
--------------------------------------

It may come as a surprise to you to learn that many people do not even have a monthly budget off of which they work and operate. Over half of American households fall into this category. Until you learn how to budget your resources so that there can be money put aside with which to save and invest, you will never get ahead financially. This is one truth that you can take to the bank.

Money for Life: Budgeting Success and Financial Fitness in Just 12 Weeks


9. Learn to Work with Other People’s Money
------------------------------------------

Believe it or not, you will probably never grow rich or retire early unless you learn to use other people’s money. Look at Donal Trump as a classic example of the success of this principle. He has built up an over five billion dollar personal fortune by borrowing other people’s money and then using it to develop real estate, resorts, casinos, and commercial properties over the decades.

Better still, he brings in banks and other investors as junior partners, and then he does not even have to pay back the money that they put into the ventures from his own. You can do this too, even if it is on a smaller scale.

Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate Leverage


10. Continue to Improve Your Financial Education
------------------------------------------------

You should never stop learning until the day that you pass away. This is especially true where your financial education is concerned. Every day you should make it a point to read some kind of useful financial publication, whether it is Bloomberg online, the Wall Street Journal, Forbes, Money Magazine, or the Economist.

All of these well respected publications will teach you how to manage your money and invest more effectively. Keep the reading mantra going with books and workshops on finances too.

Unfair Advantage: The Power of Financial Education


11. Become an Investor
----------------------

Hopefully you are among the elite people who consider themselves to be savers. Saving is only the start of the journey towards wealth and retirement, not an ends in itself. You must make the next leap into the more exclusive investor category if you want to get ahead of the pack and truly succeed financially. This is where that last point about building up your financial education is especially important.

Schools still teach us to be employees as their methods of teaching are still based on the industrial age. In order to become an investor you must teach yourself or find a good mentor. The best way to learn is to practice with someone who is already a successful investor.

Building Wealth with Silver: How to Profit From the Biggest Wealth Transfer in History


12. Write And Follow Your Action Plan
-------------------------------------

All of these twelve principles are noble goals. Noble goals that you do not write down and follow up on will be nothing more than altruistic ideas, also known as wishful thinking. Do not become a victim of the “could have, should have, would have” syndrome.

- Write down your concrete actionable steps and start working down this list today.
- Where do you want to be in 1 year, 2 years , 10 and 20 years from now?
- Where do you see yourself living?
- What will you do?
- How much income will you have?
- Where will your income come from?

These twelve principles are essential cornerstones in any effort to reach true wealth, financial freedom and an early retirement. When you put them into action, then you will begin to see results that start out as small at first but gradually snowball into real measurable progress.

Products mentioned include:
1.  Web of Debt  by Ellen Hodgson Brown
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2.  Rich Dad's Conspiracy of the Rich: The 8 New Rules of Money  by Robert T. Kiyosaki
Used & New from: $3.98
4.0 out of 5 stars   (182) | 1 customer discussion
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3.  The Soul of Money: Reclaiming the Wealth of Our Inner Resources  by Teresa Barker
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4.  Living Deliberately: The Discovery and Development of Avatar  by Harry Palmer
$13.50 Used & New from: $0.01
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5.  Resurfacing: Techniques for Exploring Consciousness  by Harry Palmer
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6.  Secrets of the Millionaire Mind: Mastering the Inner Game of Wealth  by T. Harv Eker
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7.  The Accidental Entrepreneur: The 50 Things I Wish Someone Had Told Me About Starting a Business  by Susan Urquhart-Brown
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8.  Keep What You Own: Protect Your Money, Property, And Family From Courts, Creditors, And The IRS  by Adam Starchild
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9.  Money for Life: Budgeting Success and Financial Fitness in Just 12 Weeks  by Steven B. Smith
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3.4 out of 5 stars   (17) | 1 customer discussion
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10.  Rich Dad's Advisors: OPM: How to Attract Other People's Money for Your Investments--The Ultimate Leverage  by Michael A. Lechter
Used & New from: $0.49
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11.  Unfair Advantage: The Power of Financial Education  by Robert T. Kiyosaki
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12.  Building Wealth with Silver: How to Profit From the Biggest Wealth Transfer in History  by Thomas Herold
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Customer Discussions about products in this guide
Discussion Replies Latest Post
So, how many folks who read this book are millionaires now? 22 Jul 16, 2014
"Web of Debt" -- Purpose, Plans, Doctrine, Organization, Etc. 8 Mar 17, 2013
EXCELLENT QUESTION... 2 Nov 27, 2012
How to Aquire a Millionaire Mindset? 0 Mar 27, 2012
Do White People Have An Unfair Advantage? 2 Oct 29, 2011
What would be better, CD's or the Book? 2 May 24, 2011
Best Book Ever! 1 Feb 23, 2011
The 11 Lessons I Learned From The Secrets of The Millionaire Mind 0 Dec 31, 2009
What happens during the MMI Seminar? 7 Sep 10, 2009
As We Face the Shock of Inadequate Credit, This Book Demands Reading and ACTION 1 Jun 2, 2009
Any behaviors changed? 0 Sep 30, 2007
Beware "better together" offer 0 Jul 12, 2007
 
   

About this Guide

 

Author

Thomas Herold "Thomas Herold" (Fairfax, CA USA)
Qualifications: Financial Educator, Entrepreneur, Author, CEO
Last updated: 8/29/11
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