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How To Become Financially Wealthy!

26 February 2010 by Chris Cooper

 

Why do some people become financially wealthy and others do not? What are some of the most important keys to wealth?

 

Currency Keys


One of the most significant keys is your VALUES AND BELIEFS. If you don't have saving and generating income high up in your values list, then you are unlikely to become wealthy.

We all have values. These are things that are important to us. They shape our lives. If your not getting what you want from life, you should look carefully at your values.

If your top values are about education for example. You may spend a large proportion of money on educating yourself and your children (if you have them). If your top values are about enjoying life today, you will spend your money accordingly. If you believe for example that the state should provide for you, they you are unlikely to find employment.



Therefore the way you live is based upon what is most important to you, which in turn determines where your money goes. Or as some say where your money flows!

 

The success of business owners is therefore also linked to their values. If giving is at the top of their values they might be attracted to leading non profit making organisations. If it is about growing a highly profitable business that is likely to be what they will grow. Their values impact the performance of the business and nature of organisation.



Whatever is low in your values you will not create. You therefore may need to concentrate on your lower values and seek to turn them into higher more important items, if for example income is a weaknesses. If your business is not performing for example, how focused are your really in generating income?

 

Another key to wealth is your LIFE PURPOSE. Finding out what you love to do in life and focusing on it. When you do you are more motivated and inspired.This something I relly enjoy helping people define within my coaching programmes.It is a very powerful personal experience.



Also if you can link what you really love to do (your purpose) to creating something that PEOPLE REALLY NEED AND THEN LEVERAGE IT you are there! This is what people like Richard Branson, Bill Gates, Oprah Winfrey have been masters at.


I have already mentioned that SAVING IS IMPORTANT. A disciplined habit of which I have got out of lately and need to give more attention. The more money you have the bigger the opportunities. Saving can move from putting money aside in a jar and eventually grow to large levels of savings and investments. I actually have a jar on my desk which I put my loose change into and then change back into savings.



Think about your values and what may be limiting you. Do what you love and love what you do. Concentrate daily on your priorities. Be ruthless with your time. Make sure you are dedicated to doing service to others.  Be grateful for what you have now.


These principles I discuss more within my Mastermind Programme. Note the 6 month Mastermind is for entrepreneurs wishing to develop or grow their business and commences in April 2010. It is a combination of weekly group study, workshops and coaching. For more information call 01455 824233. There will also be another Wealth Retreat in the Summer which focuses specifically on wealth creation and the 7 Wealth principles. Dates are to be confirmed.

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