Posts Tagged ‘wealth’

It’s not how much you earn – it’s how much you keep

October 8, 2008

All wealth books talk about paying yourself first. Put aside money whenever you receive any income. Make that amount a set percentage every week, every month and whenever you receive money ad hoc. 

For years after I first read those books, I nodded and agreed but did not take action. Months go by and if you don’t put anything aside, the money is whittled away. By the end of the month, you have nothing left (or for many people, you have minus nothing left with credit card debt).

When I finally decided to start paying myself first and putting that money aside BEFORE paying bills, I realised how powerful an action it really is. 

If you want to kickstart your wealth and your freedom, you MUST pay yourself first. 

It goes like this: 

  • Money comes into your bank account 
  • Immediately move 10% of that into an account that you call “Cash” or “Abundance” or “Freedom” or whatever you want – but make sure you only put money INTO that account. You can move it into investment and wealth creation accounts, but it is not for paying bills or spending. It is not a Savings account that you will spend on a holiday. 
  • Pay bills from the balance. Do not dip into that account. 

You may say you can’t afford it – but actually, you can’t afford not to do it. 

It is not about how much you earn, but how much you keep. 

If I earn $500 per week and put away $50 per week, I will have $2600 in that account at the end of the year. Maybe that is all the wealth I have, but I have that. 

If I earn $2500 per week and put away nothing, but I spend it all on having fun, buying stuff and going out a lot, I end up with nothing at the end of the year. The person who earnt less, but who kept more is the winner. 

Add on the interest on that account, and that money will grow. 

I am now fanatical about my 10% account – it has become a habit I will not stop. In just over a year of doing this I have seen how effective this approach is.

This blog is about sharing with you what works when it comes to wealth and success.

Well, this does work. So please try paying yourself first this next pay cheque, put that money aside and start your wealth account.


The Secret and The Law of Attraction: Basic Principles

October 3, 2008

“The Secret” has had phenomenal success globally and began the renewal of interest in the Law of Attraction. Perhaps you read the book, or watched the DVD, but it has been a while since it came out, so this is a recap and my personal experience of it.

Reading “The Secret” was a turning point for me. I knew some fundamentals of wealth building but I didn’t seem to be able to apply them. I was stressed at work, our flat was ant-infested and I had headaches every day. I read the book, and then watched the DVD several times …here are some of the things I learnt.

  •          You attract into your own life everything that happens. We are all energy vibrating at a certain frequency. The energy levels we give out are what we receive in return. This was an epiphany for me as I was focussing on being stressed and miserable, which I continued to attract. I was stuck in that miserable job rut.


  •          If you want to change your results, change your energy. When I realised the power of my focus was keeping me in that stressed state, I changed my energy. I started focussing on what I wanted for work, and the positives in my life. I tried to keep my energy positive, playing upbeat music if things were bad, and changing my feelings deliberately instead of being miserable. Within a few months, I was out of that job and in a new one with less hours, more money and no stress. That gave me the time to work on other projects.
  •          Thoughts become things. Focus and act on them and they will happen. This principle has to be augmented by the law of gestation – everything takes time to grow, and will not just miraculously appear in front of you right now. It has to be focussed thought over time, as well as energy applied.
  •          To attract wealth, you need to feel wealthy now.  Start changing your self-talk to positive views on money. Start educating yourself so money is not a dirty word, or a subject that confuses you. Focus on abundance. Give of what you have, and make room for more to flow in.
  •          Be grateful. Gratitude is a powerful positive thought and by being thankful for what you have now; you will become more positive about the future. Say thank-you to God or the Universe every day for even the little things you are grateful for.
  •          Be alert for opportunity and take it when it appears. Once you start focussing on what you want for your future and being grateful for the present, opportunities will arise that just weren’t there before. Call it synchronicity, or fate, or the Universe, or chance – but it does happen. You need to jump at these opportunities. If you want that future, take those chances. You have your goal, pursue it and the way will be made clear as you move towards it.

One of the criticisms of “The Secret” is that it is too simplistic and seems to be just about “positive thinking” with no practical application. It does describe the law of attraction as a way of thinking, but it also encourages action in the pursuit of your dream.

For me, it was just a starting point. I went on to read material by the teachers in the book (which I will also be reviewing over the next months), and I started to apply the principles and act on my ideas. I began to believe I could make a change, and that enabled me to carry on and implement ideas I had. 

 “The Secret” will give you a foundation to start along the path. Wealth is a process, and takes time, during which you will learn and grow.

“Set a goal that is big enough that in the process of achieving it
you become someone worth becoming”
Jim Rohn

I recommend that you watch “The Secret”, be inspired and start thinking about the principles it teaches.  You can buy “The Secret” at

You can watch the trailer of the movie at

Why is it important to be wealthy?

October 2, 2008

This blog centres around learning about wealth and success, but why is it important to be wealthy anyway?

  •          Freedom and choice. Working every day for the money to pay the bills stops most people from doing something they love. Being wealthy enables choice of lifestyle and choice of work, travel and fun. People don’t want to stop working completely, they just want to do something enjoyable.
  •          Ability to provide. We all want to be able to provide for our families, especially in times of need. Wealth enables us to have the choice to help our family. Do you want to pay off your parent’s mortgage? Pay for their healthcare? Put your children through college?  
  •          Ability to give. Very wealthy people give a great deal of money to charity. The Bill and Melinda Gates Foundation now has an endowment of approximately $37 billion, after Warren Buffett contributed his wealth to the cause in 2006. Even if the average person gives a high percentage to charity, they can never match the giving of the super-rich. If you want to give a great deal, make a lot of money and then give it away!
  •          No one else is going to look after you. The financial markets are currently wiping out government investments as well as private ones. The baby boomers are followed by the smaller X and Y generations who cannot earn enough to pay taxes to fund the government pensions. The truth is – there will not be a government pension for most of us. What little is available will not be enough to live on. It is your own responsibility to look after yourself and your future, so you owe it to yourself to become wealthy.
  •          Become the best person you can be. If you consider wealth to be in all areas of your life, then you will become a better person if you pursue it. Emotional, relational, health, financial and spiritual wealth are all important in your life, and in a lifetime of learning, you can improve on all these areas.  

What are your reasons for wanting to be wealthy?
If you don’t have a good reason, it is unlikely that you will get there. 

This blog is dedicated to learning about wealth and sharing it with you.  Please do let me know any topics you would like to learn about.