Creating wealth quickly and feeling the freedom that comes from abundance is probably something that you think of often. The desire to have all your bills paid, money to do what you desire as well as know that your financial future is secure is something that we all want. We want things and we want to give the people that we love a better life and a bright future. We want to leave something behind to be remembered by whether it be a charity in our name or children that have grown up to be strong and wise. We all want a better life for ourselves and the ones we love.
Creating wealth might not be a problem while creating wealth quickly is relative. Often we desire riches as soon as possible when the need is dire. When it is simply a dream of ours to achieve greatness, that desire is not so powerful. The dream is often forgotten or left to ponder another day since there’s something good on TV and we had a long, hard day. Change is also very difficult for many of us and we can often find fault in any plan that comes to mind that involves changing even if the outcome is pure financial freedom. For those with a desire and determination, financial independence can be brought about rather quickly.
In order to create wealth as quickly as possible you should focus on eliminating debt and expenses as soon as possible. Paying off the smallest debt first and then taking that money budgeted for that debt and using it to pay off the next debt often works best. Interest payments accumulated over a year can quickly add up. If you take a look at this and calculate how much you are paying in interest, you may be shocked. That is your money that you’re giving away every year to make someone else rich. Hold onto that money. There might be something that you can do with it someday.
Leverage your time to start a small business. This time spent creating a business and executing that plan will pay you huge dividends in the future as your business grows. All of us have skills that we can make profitable. We all have interests that with very little effort can be turned into a marketable asset for you and your family.
Perhaps you have an interest in cars or computers. You could turn this interest into a business by offering services or writing a book. Maybe you enjoy cutting grass and working around the yard. You could start a small landscaping business. You might say that you don’t have the time for all of this or that you enjoy your weekends too much to give them up to build a small business. This is the common attitude many people have and all they can see is more work and the absence of freedom. Don’t worry. The good part is coming.
Growing a small business into a larger business is simple. Investing your profits back into your business is how you make a business grow. Investing in advertising and outsourcing or hiring employees is how you go from a one man show to having a staff of skilled labor doing the work for you. Try not to find problems before they occur or dismiss this idea as being false. If you stick to this plan and slowly build your business, the right people will come along who will make it possible for you to have your cake and eat it too. You will be a business owner with and employee or partner who will allow you to have freedom that you want while enjoying the financial benefits of owning your own business.
In addition to expanding or growing your business, it is wise to invest in other revenue generating vehicles. You can either start another business or invest some of your profits into stocks, bonds, precious metals such as gold or any other investment that you are familiar with and feel comfortable with. Plan your investments to work together with your financial goals. Pick both long term and short term investments that will give you the flexibility to reap rewards quickly as well as those investments that offer tax benefits and long term earning potential for later on in life.
These steps are very simple but very logical. Anyone can follow this path and find success in creating wealth rather quickly. All it requires is some determination and stubbornness to stick to the plan and never give up. There may be short term discomfort in the early days as you start your business. You may doubt that you have what it takes to be a successful business owner. You might think that you don’t look like a business owner but do you know what a business owner looks like? He looks like you and me. You can achieve any financial goal that you set your mind to if you believe in yourself.