The Wealth Creation Prize

Category: Finance.

Successful wealth creating depends on a balance between mindset and financial strategy. To determine whether you have the right mindset to succeed and create wealth, take this simple test, devised by Jamie McIntyre of the 21st Century Academy: - Suppose you were given a choice between being given$ 1 million dollars, and being given a wealth creation education.

Understanding and accepting this determines the success of an individual s efforts at wealth creation. Which would you choose? And that majority would also think that all their financial problems were solved. It seems fairly obvious that the majority of people would instantly choose the$ 1 million in cold, hard cash. Really, you could do a lot with a cool, easy million. Honestly, you could do a lot with a million dollars. Would A Million Dollars Really Solve Your Financial Problems?

If you knew what to do with it to make that million last a lifetime. How many years would it take you to spend a million dollars, assuming no investments and no change to your current lifestyle, if you were given a million dollars cash free and clear? But really, how long does a million dollars last these days? How much of that million would go right to paying off your debt? Even if you took that million dollars and did nothing but pay the bills you have, you d be out of money in a matter of years. How much would you be left with? Long before the end of your life.

Sound unrealistic? Chances are you d even find yourself worse off in the end than you are today. Consider this. - A study of Australian lottery winners showed that of those who win a million dollars, most are worse off in a period of three to seven years. Because they have nothing but a lifetime of financial reaction to guide them. Why? They have no money skills, and no mindset to guide their efforts at spending and investing, no commitment to financial success! Had that million dollars been paired with the knowledge and mindset to succeed financially, that money could have been invested and turned into more money, money virtually out of thin air!

Now, given a wealth creation education, people are far more likely to succeed. The point of this exercise is to show that the solution to financial struggle is not money in and of itself. What Is A Wealth Creation Education. The solution to financial struggle is an effective financial education, a wealth creation education. A wealth creation education consists of two parts. Lessons in financial strategy, how to make money work to make more money. Lessons in developing the mindset for financial success.

Together, these two parts make up 100% of the whole necessary to achieve financial freedom for life. What then? To go back to the original exercise, let s suppose that this education were chosen over the million dollars. In that instance( assuming a true commitment to wealth creation) , the outcome is far different. In three to seven years, the wealth creation student is retired( or working only because he or she wants to) . Even starting with seemingly nothing, the individual learns to create wealth by utilizing the various money systems and financial strategies of the world. In three to seven years, when the lottery winner is struggling more than ever financially, the wealth creation student is letting his/ her money work for him, rather than the forcing himself to work for more and more money.

Faced with these realities, it becomes obvious that the real wealth creation prize is the wealth creation education. The Wealth Creation Prize. With a wealth creation education, the possibilities are limitless, and wealth continues to build. Where one income stream ends, another can surely begin. Money comes and goes, as the wealth creation student understands. And while a million dollars can only get you so far, a million and a wealth creation education can take you on for life.

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