According to business woman Loral Langemeier, who regularly builds millionaires, many people are convinced having a lot of money is beyond their reach. Does this sound a lot like you? In her best-selling book Millionaire Maker (2006), she explains how you can develop the kinds of financial insights that wealthy people use to maintain and/or build their fortunes. She developed a wealth cycle process to teach anyone that living without financial concerns is possible. Her life experience evolved after growing up herself on a traditional Nebraskan farm. Consider this:
1) Believe you have to give in order to get. In this life, nothing comes from nothing. People who are financially well-off typically work hard to earn what they have or, must at least work hard to keep or grow their asset base. If you simply aim to hoard and don't desire to share what you get, then you'll close yourself off from opportunities to develop yourself and your fortune. To understand the universal balance is to grasp giving resonates outward and reflects back at you.
2) Accept you already possess key tools. Reading can introduce you to new strategies yet, the fundamental belief that reaching your goal is possible will initially make or break you. Thinking like wealthy people can be useful, but modeling yourself after them, showing initiative and being willing to learn, is more far-reaching. To move ahead with hope and optimism is essential.
3) Recognize wealth concerns information access. Lessons learned send powerful messages. To know where and how to access the experiences that will help you is exactly what you need. Loral has strategies that can be applied by anyone in debt, on low income or, even people living a great lifestyle on very little. Learn more about why you are where you are and what it will take to get your money-building ventures in forward motion. This goes beyond building your net worth to develop your know-how about consistent cash flow. What do you really want?
4) Grasp wealth is generated by a team not an individual. Mentoring is used to develop sucessful investors. Her team-made millionaire community involves, for instance, a construction manager with a 12 million dollar goal within 2 years, a telecom tech who became a millionaire within 9 months through 'bread-and-butter' real estate, and a law firm receptionist on entry level salary who began a dog walking venture and became a millionaire in a few years. People come from all walks of life and financial backgrounds. Tap into leadership, teamwork and gain new insight into new financial ways of thinking.
5) Take the mystery out of wealth-building. Many ways exist to earn money. Learn more why money generating assets will build your cashflow and create more wealth. Learn ways to create passive income streams so your money is working for you as you're living. Assets can be used to create more assets. This isn't realistic if you don't grasp your money situation. Empower yourself to learn details. Reach out for clearer financial decisions. Make new plans.