7 Practical Ways to Slowly Acquire Wealth by Shirland Carrington

George S. Clayton writes in "The Richest Man inBabylon" about seven cures for a lean purse. The setting for this book is in ancient time, yet his practical advice is very relevant to today times. The concepts presented are very simplistic in nature, but once applied these principles could help you to acquire wealth. It will be necessary to apply consistent and persistent actions to achieve success. The inner actions of developing your mind are even more important than the outer actions. The seven cures below takes discipline to control your mindset because a breakdown in your mindset might lead to a breakdown in one of the stages.

The 7 cures for a lean purse are listed below:

1. Start saving money now

Pay your immediately living expenses with 90% of your income and save the other10% of your income.

2. Control what you spend

You must control the money that you spend on a daily and monthly basis. Your results will be drastically different if you constantly spend your money on a want instead of a need. You must figure out your needs and minimize your wants to control your expenses.

3. Make investments with your savings

Your purse is fattening so now you must invest it. The true way to build wealth is by finding ways to invest your savings. You must find profitable investment that will give you a great return on your money. If you fail in your first attempt to build wealth, then start over at step 1 again. The point of failing is learning from it and continues to move towards your goals.

4. Protect your Return on Investment

You must weigh the risks versus the rewards of every possible investment. You must only seek advice from people who specializes in investment strategy. You must make sure that you select the right person, interview and researched their credential. Your due diligence at all stages before investing in a risky enterprise that may eradicate your nest egg.

5. Invest in property

This cure is self explanatory because everyone always dreams about owning his or her property. You would be wasting money if you are renting instead of buying your home.

6. Insure a future income

Strategic planning about your future when you have a growing surplus will help you keep your wealth. Your investments must be enough to take care of your family during your retirement years.

7. Invest in knowledge

The best way to keep your newly acquired wealth is to always invest in acquiring new skill sets. Perfecting your craft with a solid commitment to your goals will be greatly rewarded. What would you do with your last $200.00 if you had a home based internet business?

The seven cures to a lean purse described above are a simple plan that may be followed in the Babylon of yesteryear as well as the World of today. Saving 10% of your income on a consistent basis is only the beginning. The advice offered by "The Richest Man in Babylon" may be used by everyone now or in the future.

Success Mindset by Matt Hefner

This article is intended to help people deal with a negative mindset. In order to be successful you must possess The Mindset Of Success. With all doubt removed anything is possible.

As human beings we all feel the need to become more than what we currently are. Whether it's getting better at our job by learning, helping someone with a problem that they are having, trying to break an old habit, trying to lose weight or looking for ways to increase our wealth.

This amazing human element is a wonderful thing because it always pushes us toward growth and keeps us looking forward to the future. If you will stop and just take a look around you will see that everyone around you has this mindset to a certain degree. They are all working towards something that they think will better their lives, we all are.

If you will, take a moment and remember back to when you were a small child. Now think about a time when there was something that you really wanted. If you were like me as a child you did not have the doubt in your mind that told you that it was impossible for you to have this "something". You only knew that you wanted it and you dwelt upon that thought. If you remember correctly, most of the time you ended up getting your "something" or something even better.

The point that I am trying to make here is that with all doubt removed anything is possible. Somehow as we grow older we lose this and begin to doubt just about everything, yet we push forward and keep trying. The fact that we are willing to keep going even with all of this doubt in our minds means that there is still hope. We just need to re-train our minds.

In order for us to be successful individuals we must believe beyond the shadow of a doubt that whatever we set out to do will actually be a success. We can no longer go into anything with an attitude of failure. I can tell you from experience that if you go in with a failure attitude you will absolutely fail everytime. That being said, if you go in with an attitude of sucess and keep that mindset even when it gets frustrating you will absolutely be a success everytime.

Let me ask you a question. Would you rather be around someone with a positive outlook on life or someone with a negative attitude who is always seeing the bad in everything? I hope you picked the person with the positive outlook. Why do we want to surround ourselves with these types of people? Because they are attractive. There is just something about them that makes us feel good.

You will do well to impliment these mindset changes in your own life. I encourage you to go back to that time when you were a child whenever you are feeling doubtful or negative about something that you are trying to do. Remember that with all doubt removed anything is possible. Take on the mindset of success today. You will be amazed at where it will take you.

9 Action Steps For A Success Mindset by David Schaefer

Learning how to focus and nurture the mind to achieve goals is a primary path for successful results. Understanding and implementing proper techniques for a success mindset can reap huge benefits. Learn about the 9 ways to achieve a mindset for success.

The ability of the human mind can serve us beyond our wildest imaginations. It has an unlimited capacity to learn; and when properly nurtured, it promotes clarity of thought, achievement, and even longevity of life. Taking responsibility for the successful activity of your mind and deliberately stimulating it for productive output can reap tremendous rewards.

It is easy for us to project our mental activities toward external matters instead of looking within ourselves and intelligently utilizing the natural gifts of the brain. But, introspection is precisely where success begins and effective action gets processed.

When you understand that the mind is where imagination, inspiration, belief, change, and self-discipline must take place, and you begin to infuse powerful insights and techniques to structure the process, the potential results can be remarkable.

Taking control of your mental faculties and nurturing them to their best advantage provides significant inroads toward accomplishing your important goals. For example, you learn how to overcome doubt, mental clutter, tolerations, resistance, and other self-limiting obstacles which can undermine, distract, and sabotage your personal growth and actions for the success you envision.

To help you find greater clarity toward achieving what matters most to you, carefully consider how you can begin to implement some or all of the following 9 key action steps for a successful mindset. Once you realize the potential impact these points can have in your life, you will certainly want to make them a part of your everyday action plan for success.

1. Understand that happiness and success originate from within you.

It is the world inside you that creates the conditions of your life. To positively change and grow you must truly realize that success or failure is a reflection of your inner world. Put another way, what you reveal outwardly depends on your inner thoughts and beliefs and how you decide to process and act on those elements. Once this is understood and actively addressed, inward and outward success can nurture one another and contribute to personal happiness and the life you desire.

2. The mind holds a tremendous desire to be positively stimulated and to experience the feeling of success.

This part of you that feels, perceives, and reasons thirsts for your input and follow-through to achieve. In other words, your brain is designed to solve problems and to help you reach the goals that you give it. Think of your mind as a clean slate, where you have the opportunity to nourish and empower it with only the healthiest thoughts, beliefs, and intentions. The thoughts you choose to contribute toward your desired outcome gage the results you derive.

3. Choice of thought and beliefs shape your life.

What you think about and believe is what you attract to your life. Clearly, thinking positively and actions of integrity beget the opportunity for more positive results. Likewise, negative, limiting or defeating thoughts beget the likelihood of negative results. Have you heard others declare that you should be careful what you wish for (say or think) as you may very well get it? There is truth in those words, and it can work for or against you. The way that you interpret or explain things to yourself is critical in determining who you are as person and the outcomes you experience.

4. Decisions, actions, and results are your responsibility.

To experience a purposeful, balanced, and fulfilled life, it is imperative to accept 100 percent responsibility for the choices you make. This includes what you think, the beliefs you hold, the decisions you make, the actions you take, and the results you derive from those activities. There is only one person responsible for the quality of life you live. That person is you. By accepting full responsibility for your decisions, actions, and results, your approach going into any endeavor is optimized for the potential of a more positive outcome.

5. The mind concentrates on a single thought at any given time – use it wisely.

If you accept that the mind holds a single thought at any given time, it would then seem advantageous that each thought should be truly constructive and contribute to your life. Perhaps that would not be realistic 100 percent of the time, but working toward a more effective choice of thought is certainly a better alternative than living with self-limiting or disempowering thoughts.
Learn to swiftly replace negative thoughts with positive, productive, or inspiring ones. It takes practice to do this consistently. But, you will find as you develop this insight and habit of capturing worthwhile, energizing thoughts, negative thoughts will be inhibited and eventually lose their power.

6. Know that your thought patterns are habits, and some habits need to be changed.

Like most habits, you can change your patterns of thought. This includes what you think about and the best use of your mental energy. Often, we succumb to thinking patterns which do not offer much value. It is easy to become stuck with the same thoughts and beliefs, speaking the same words, and repeatedly doing the same things. Such a pattern can stifle creativity, learning, and opportunities for a more interesting and adventurous life. Learn to identify your patterns of thought and recognize where, or if, change is needed. But, you must be diligent when making changes, as familiar patterns (habits) which are not serving you well are deeply entrenched and new thinking patterns take time to establish.

7. Self-image must be nurtured.

Each of us has our own native abilities, signature strengths, learning styles, and personality traits. As you move through your daily life, your self-image can support or sabotage your efforts. It can mean the difference between feeling inspired and taking action or being apathetic and remaining stagnate. An immediate way to begin addressing this issue is to take note of the mental pictures you hold of yourself. Are those images in alignment with what you actually desire for your life? If they are, that is outstanding. Continue to nurture and support yourself. If, however, after an honest self-appraisal, you feel a change is required to match the self-image you want, then figure out what change is necessary and make a commitment to accomplish it.

8. Goals require belief, commitment, and persistence.

After determining what you want, with the end result in mind, establish both short and long term goals which are worthwhile, achievable, crystal clear, and measurable. Know why these goals are important to you and what inspires you to achieve them. Then courageously commit to your goals with specific time frames. Do not let fear, false starts, adversity, or other people derail your pursuit. Believing in the outcome determines the outcome. Know that you deserve what you want and that you will achieve your goal. Hold fast to your vision and maintain your focus.

9. The subconscious mind is central to your success.

To truly effect worthwhile and long-term change toward achieving what matters most to you, your affirmative thoughts must reach the subconscious mind. It is said that as much as 90 percent of ones behavior and beliefs are the result of what the subconscious mind accepts. And, it has been shown that if you earnestly practice the exercise of feeding your mind with well-chosen information for at least 20 to 30 consecutive days you will have an excellent chance of impacting the subconscious mind for positive change. Rather than letting your environment control your life, you will be astonished at how your subconscious mind can energize and support you when you learn to consult it and nurture it with the information that serves you best.

Achieve Success By Following Your Inner Guidance by Enoch Tan

he reason why we have been taught all those things about success is because it has been studied from the wrong angle. There are people who try to study the secrets of successful people and to figure out what is it that they do to achieve big things. They try to study their actions and their characteristics. But they are looking at it from an outside-in perspective. They do not know what’s really going on in the inside of these people.

Everyone wants to learn the secrets of being successful in life. There are many people who have achieved success in this world. We seek to know how did they manage to achieve it, so that we can become successful like they are. We read a lot of books about how people become successful, but yet so many of us are still struggling with achieving our own success even though we posses such knowledge. What is the mystery that is holding people back from the success that seems so elusive to achieve?

We are taught that to be successful, you must have goals in life. You must work hard towards them and you must take advantage of opportunities that come your way. You must take a lot of action and make lots of mistakes in order to learn from them. You must be disciplined and diligent in your work. You must think creatively and try all kinds of ways to get results. You must get to know the right people who can help you. You must believe in yourself and you must persevere all the way until success.

Thinking about success this way makes it seem like it is so hard to achieve. It seems to take a lot of effort and energy. It seems that success is something that doesn't come to us, but we must fight for it. We wonder why life is such a struggle. Why can't we just relax and enjoy living it. Why can't we simply experience everything we desire in an easy and effortless way. It just seems so wrong that this is the nature of success. The truth is that it really is wrong to think that success is so difficult to get.

The reason why we have been taught all those things about success is because it has been studied from the wrong angle. There are people who try to study the secrets of successful people and to figure out what is it that they do to achieve big things. They try to study their actions and their characteristics. But they are looking at it from an outside-in perspective. They do not know what's really going on in the inside of these people. Sometimes even successful people also teach from an outside-in perspective.

But when you look from an inside-out perspective, someone who appears to have persistence, is simply doing something because they have a great desire to fulfill an idea that they have. It is not that they are trying to persevere in doing something, but it's that they just can't stop doing it because it's something they want to express or create. Perseverance and persistence isn't even on their mind. It's ridiculous to drive yourself to do anything at all. They are just being totally driven in the direction they are taking.

They do not try to set goals to achieve things, but they are following what is already in their heart to do. They do not go around searching for opportunities and grabbing any they can find. They simply do what their heart desires to do, and to go for anything that allows them to express more of it. Situations show up along the path that they are on to bring them further and to greater heights. They do not try to network with as many people as they can, but they simply relate with those they are drawn towards.

When you do something you are naturally drawn towards, all the energy, drive and opportunities will just show up to aide you along. That is because what is in your heart is your purpose. The universe has chosen and created you for a special part in everything, and it is directing you from within. The universe has also arranged everything necessary for the fulfillment of your purpose to be present along the path. You are not trying to create anything at all because it is all already there when you step into it.

People can try to set goals and work hard and do all the things necessary to achieve success and succeed at it. But they still won't be truly happy and fulfilled when they achieve it. That is because they have set out to achieve what they think they should achieve when it isn't really what they want. They bought into the world's idea or someone else's about what success is, rather than allowing spirit to guide them. True success is expressing what makes you happy deep down within and living it fully.

You can also follow your passion and do what you truly desire to do and still find it such a struggle. That is because you are trying to work at it rather than allowing it to work through you. You may be doing something you like, but end up doing it for something else rather than doing it for the pure expression of it. That is why many people who started out doing what they love end up being miserable because they strayed from the path. You must always remember to focus on doing because you love doing it.

The characteristics of success are what is observed when looking at it from an outside-in perspective. We miss the point when we are trying to model the ways by which successful people achieve their success when they are simply following their personal guidance. You cannot look at what someone else is doing and follow it to get what you want. You have to do it your own way by allowing yourself to be guided from within. You have to shine your own light just like they shine theirs. Follow your purpose.

We are taught that you must have the right mental attitude in order to flourish at what you do. But the right mental attitude will be present naturally when you do what you love, rather than trying to love what you do. If you simply do not love what you are doing, then you shouldn't do it because it is not what the universe has chosen you to do. You must change to doing what you truly love because that is where your success is waiting for you to live it. Love comes naturally when you do heart work not hard work.

How To Achieve Internet Financial Freedom With An Internet Business by Lee Scutchings

Many people dream of achieving internet financial freedom with an online business of their own. Some actually reach this goal and are successful starting and running an internet business.

However, there are many people that struggle and don't make their business a success. The difference between the people that succeed and the people that struggle is that the successful people understand what it takes to achieve internet financial freedom and how to make it happen for them.

So how do they know what to do and a lot of other people don't? Here is what they understand that you haven't figured out yet when it comes to an internet business.

One: You have to educate yourself. This will always be something that you will have to do even after you become successful because there are always new things coming out for home businesses. If you ever want to achieve internet financial freedom then you can't skip this.

You have to educate yourself on all of the different ways to advertise your internet business. Learn them one at a time and when you are comfortable with one then add another. Don't try and learn everything at once or you will quickly get frustrated and confused.

Two: Advertise your business constantly. You have to advertise in a lot of different ways if you want to make money and be successful. If people can't find your internet business then you will never see success. This is why educating yourself is so important. So advertise, advertise and advertise some more.

Three: You have to want success bad enough. That may sound weird when it comes to how you can achieve internet financial freedom but it is imperative to your success. You are the only one that can make your internet business successful.

No one will be there to tell you what needs to be done or when to do it. You have to be willing to work hard, learn all you can, go over, under, around or through any obstacles that get in your way and don't ever give up no matter what. You will achieve financial freedom, and never fail, if you do this.

In order to achieve internet financial freedom these three things are not the only things that you will need to do or have. They are however the most important ones.

You will always struggle to succeed if you do not do, or have these. So make the choice that no one and nothing is going to stop you from being successful with your internet business and before you know it you will have financial freedom

TEN REASONS WHY MOST PEOPLE DO NOT ACHIEVE FINANCIAL SUCCESS by Craig Lock

Reason One: Lack of knowledge: or more specifically, a
lack of a desire to gain knowledge. Make the effort to read
to read about financial matters and you will learn. make
your money work for you by using the magic of compound
interest a t 7% interest per year your money doubles after
approximately 10 years and at 10 % interest after 7 years.
Remember the rule of 72. Divide the interest into 72 to
see how long it takes to double your money (or reduce it
because of inflation). So the sooner you get started the
better. Many people don't know where to go for unbiased
advise so they do nothing.

Reason Two: Failure to set plans. Did you know that only
5% of the population sets goals and only 2% have any form
of written goals? Their actions have a sense of purpose -
they are results oriented, they are motivated, they are
positive - they are life's winners. Where do you want to be i
n five years time? Without a plan it is easy to drift aimlessly,
and live from day to day. If you have set goals you will know
what you want to achieve. People fail to succeed because
they never plan to succeed. It is not that they plan to fail,
they fail to plan . So set your financial goals (targets).

Reason Three: Inefficient use of time and poor work habits.
Time is like money - you can spend it or invest it in building
a better you by self-development. When you waste you are
wasting yourself. Plan your day - what do you really want to
achieve today?

Reason Four: Lack of foresight. Achievers have an ability to
look beyond the immediate and into the future. Although
some may see your visions as dreams do not forget that
you have to have a dream to make a dream come true.
Unless you are fortunate enough to be left a legacy, the only
money you will ever have working for you is that what you
save from current income and invest. People with vision
can multiply their income by investing in growth investments.
Work for your money then make your money work for you.

Reason Five: The need to conform. Dare to be different
which is why the majority of people are not successful. Don't
be afraid take calculated risks. Remember the people who
make big money are the ones who do the opposite of what
everyone else does - sell when everyone else buys and vice
versa.

Reason Six: Poor debt management through excessive
borrowing. Lack of discipline through poor spending habits
and having no budget. Borrowing for things that loose value,
so that with interest payments you pay much more the
article than it cost initially. (Especially new cars, furniture
etc.)

Reason Seven: Lack of desire as a result of a poor attitude
to acquiring wealth. Bad mental attitude has caused more
personal problems than any thing else. What we expect to
happen usually does. Successful people are optimists while
unsuccessful people have a pessimistic attitude . Block out
negative thoughts and stereotypes and mix with successful,
positive people.

Reason Eight: Inadequate protection against unforeseen
events. It may be the loss of a home due to natural disaster
or the death or disablement of the bread winner. Adequate
protection (insurance) against these events is vital to financial
success. Not being properly covered has financially wiped
out many potentially successful people.

Reason Nine: Lack of discipline. Most people find it difficult
to save because they save - buy -save -buy, while others
simply buy. It is easier to say yes than no. Those who lack
discipline to say "no" will find financial success an impossible
achievement. The "must have it now" mentality - buy now
what your can't afford by charging it up in the hope that
you can pay for it later. Most people are easily led by
advertising and the easy availability of credit.

Reason Ten: Procrastination (big word, hey!). Many people
put off a savings programme until it is too late. Young
people have a wonderful opportunity and advantage because
they have time on their side.
The reasons people give for not starting a savings programme
are varied and many are genuine. They also vary according
to age. In their twenties they are just getting started in life
with a first job and want to enjoy themselves by spending
on cars, stereos etc. In their thirties they have a young
family and a mortgage to support and no money. In there
forties they say things are tough with kids to put through
university and unexpected medical expenses.................
and in their fifties it is already too late with no time left to
accumulate capital through the magic of compound interest.

A CONVENIENT TIME NEVER COMES.

IT IS ALREADY LATER THAN YOU THINK.

The Power of Systematic Investment Plan (SIP) by Samir Kunvaria

As explained in my article 'Planning financial goals', a goal can be any target that needs to be achieved in a stipulated period. I have also explained different types of financial goals like, buying a flat, children's education, marriage or retirement living expenses. All of these are critical long term goals in your life. These goals need to be achieved in a disciplined and systematic manner. When I say systematic, I mean investing a fixed sum of money each week, month or year to achieve the targeted financial goal. In this article let me make you understand the different advantages of SIP investing. SIP as everyone knows is Systematic Investment Plan. Generally SIP relates to investing a fixed sum of money each month in mutual fund scheme. The rupee cost averaging and the power of compounding are two main advantages of SIP investments.

Rupee Cost averaging: If you wanted to buy units of a mutual fund you end up purchasing more units when the net asset values of the units are down, and vice versa. Here, it is the average purchase price that matters and not the purchase price of one unit as you will keep on purchasing each month on a particular date. The returns are based on this average cost. This way you average the cost of your purchase and sell the units in future to achieve your financial goal. This helps in negating the volatility in the markets.

Power of compounding: It refers to returns earned on the principal as well as the interest amount unlike simple interest where you earn returns only on the principal amount. It also rewards investing at regular intervals and works best over long tenures. The larger the tenure of investment, more are the returns. Also, the earlier you start to invest, the more you benefit. For instance, if you begin investing at age 30 and invest Rs.10,000 a year for the next 10 years at 9 per cent per annum, and roll over the proceeds until you're 60, you'll end up accumulating Rs 9.28 lakh (your total investment only Rs 1 lakh). On the other hand, if you begin saving at age 40 and invest Rs 10,000 a year for 20 years at 9 per cent a year, you will end up accumulating Rs. 5.58 lakh (your total investment of Rs 2 lakh). This means that by keeping your money invested longer, you can get the benefit of compounding and can become richer by Rs 3.70 lakh (if you start investing from age 30), although your principal investment was just half of what you would invest by starting at age 40. Take a lesson from the above example and start saving as soon as possible. Remember, you will have to fulfill many goals in future for which you will have to start investing systematically from now.