Investing, Making Money, Saving Money, Self-Help

Wealth Knowledge Explained

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What is wealth knowledge? It is knowing how money is made, and how wealth is protected. It isn’t really a secret. In fact, there are hundreds of books out there that spell it all out for anyone willing to pay a little bit. The problem is that the essential truths are not popular with those who want to get rich easily.

The first thing to understand if you want wealth knowledge, is that wealth is created. It isn’t shuffled around from person to person depending upon who is “trickier.” There is more wealth on the planet now than ever before, and more being created every day. No one has to get poorer for a man to become wealthy.

Start to recognize and understand the ways in which value is created. This is the basis of your own financial enrichment. You have to create something of value to others, and that is how you really make money. Any other way of making money is fragile, probably unethical, and likely temporary.

In the business of property “flipping,” for example, it may appear that there is no value created. Buy a fixer-upper for $120,000, sell to another investor for $130,000, where is the value you created? In the application of your knowledge of values, how to find properties, and how to structure deals. You put a neglected property into the hands of someone who will renovate it and make it a nice home for some family.

Think first of how you will give people what they need and want. In any business you’ll make more money finding ways to solve other people’s problems than in finding ways to get paid. There are always enough ways to get paid if you create enough real value.

A wealthy person is different from a poor person. No, he or she doesn’t have different feelings, or even a superior character. What makes the wealthy different is what they consistently do. Wealth knowledge is in knowing what habits to cultivate.

Debt is a means to buy “toys” for most people. Put another TV on the credit card. It isn’t that wealthy people avoid debt. They have much more usually. The difference is that they use debt to invest, to generate more wealth. The next time you borrow any money, do it to buy income producing real estate, or to start a business.

Wealth knowledge is about knowing what pays you the most for your time. Discover that and do those things more. Make it a habit. Just spending two hours to re-arrange your banking, might make you hundreds more in interest over the years. Does your job pay you $100 per hour? Those you sell real estate know you can make several times as much for the same time selling $300,000 properties as selling $30,000 lots. Why not concentrate on working where the money is?

Everything gets easier as you do it more. There are tasks that you want to avoid but are important to your financial future. It’s tough to get motivated to do them. Get in the habit of starting each day with these most difficult tasks, though, and it gets easier. Of all the things you need to learn and do, developing good habits is the key to wealth knowledge.

“Use your money wiser. Then you get to retire.” Michael “MJ The Terrible” Johnson – Founder & Owner – Masters of Money, LLC.

3 Ways To Create More Wealth – https://www.mastersofmoney.com/3waystocreatemorewealth/

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About mastersofmoney

Masters of Money, LLC., was founded by Michael "MJ The Terrible" Johnson, to create and sell how to information, to people looking for ways to make and save money. The goal of Masters of Money: Provide the tools, resources, and strategies, to help anyone who wants to be more successful, create the life of their dreams. Masters of Money's products and services list: Opt in email marketing - Online advertising - Social media marketing - Content creation - Content marketing - Internet marketing - Public relations campaigns - Web design - Direct response marketing - Copywriting - Company and / or product branding campaigns - Fundraising - Lead generation - Company and / or product launches - Business consulting - Partnering for profits campaigns - Blogging - Content library development - Content library maximization marketing - Multi-channel marketing creation and consultation - Ghostwriting - Ebook creation - Company continuity programs - Ezine creation - Ezine marketing - Digital newsletter creation - Digital newsletter marketing - Content trading - Information brokering - Company and / or product endorsements - Guest blogging - Business opportunity offers - Create and sell making and saving money strategies and information Company contact information: Masters of Money, LLC. 1401 Lavaca St. #502 Austin, TX 78701 Phone #: (512) 297-3535 Fax #: (512) 599-5958 Email: info@mastersofmoney.com Website: www.mastersofmoney.com Blog: www.mjtheterrible.com
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