The Path to True Wealth
Welcome to Money Manifestation Monday, where leaders like yourself are provided with resources and strategies to manage the income you have, serve others to potentially gain money and build a financial legacy for your family.
Many people believe that the path to true wealth begins with a huge money making opportunity. This is only partly true. While a good wealth building opportunity does come up from time to time, they are actually few and far between. Most of the people who attain true wealth are those that budget wisely, work hard, and do not live as if they were wealthy.
1. Determination. When you are determined to amass wealth, you will be successful, even if it does not happen right away. Determination spurs will power, hard work, and pinching pennies. However, determination is not enough.
2. Make a plan. The chances of finding that get rich quick scheme that everyone talks about making millions from are pretty slim. Discovering your motives behind wealth attainment and ensuring its for the sake of serving others is key. If you are believer in God, we honor God with all things. However, you do need to make a plan for a profitable career path, business, or money making opportunity. You also need to make a plan for investment.
3. Budget and invest. Do not spend all of the money that you earn. Save some back until you have enough to invest. This is actually easier than it sounds. When you have reached a lifestyle that is comfortable but not excessive, stop increasing your lifestyle. Instead, sock the money away into a savings account or money market account until you have enough to invest and try to amass true wealth.
You might invest in low risk, high return investments such as money market accounts, or you might invest in precious metals (i.e. gold or silver), stocks or commodities. Investing in new and upcoming companies that are very promising, sometimes called penny stocks, is one of the best ways to invest your money and accumulate true wealth quickly. Investing the money that you do not spend is the best way to accumulate true wealth.
This is a perfect example of how to amass true wealth. One man started out working in a rock quarry. He moved his way up into management, then into executive management. In the early eighties, the man invested almost ten thousand dollars in savings into penny stocks in a company that many thought would never float. Later, he was a millionaire when Cellular One took off like a rocket. He took the money, reinvested it, and made yet more money. Still, the man only lived in a house just big enough for his large family. When he finally passed away, he had over one million dollars to be divided among his family, and he had not worked in twenty years.
Cheers to your wealth journey! Stay tuned as we (The ILEAD Company) will soon release an eBook regarding online wealth laws for leaders. In the meantime, don’t forget to grab your guide on passive income, a major key to transitioning off of a 9-5 and maintaining your business journey.
I’ve asked myself a few things about money since I am a believer in Christ. These questions include:
✔Will God make me prosperous and wealthy?
✔Why do people have money problems, even when they are serving God?
✔Why hasn’t God answered my prayers to get out of debt?
✔Where does it say God will prosper me?
I couldn’t agree Christian Bible Reference Site more when it references a few things from the Bible regarding money and wealth.
1. The Bible does not promise wealth. It doesn’t say that being Christian will lead to a good job, wealth, freedom from debt, etc….. God’s faithful may be rich or poor. The scripture on His plan to prosper us in Jeremiah 29:11 was directed to Israelite exiles in Babylon. Prosperity in Hebrew means peace, completeness, safety, health, blessings. It doesn’t really mean financial prosperity.
2. Wealth is not a sign of God’s favor. Think about. Even the ungodly are wealthy but it doesn’t mean that God’s favor is with them. Jesus denied that wealth is a sign of God’s favor. Think about and read the Parable of the Rich Man and Lazarus (Luke 16:19-31).
3. Wealth IS a gift from God to be used in His service. Consider reading Matthew 25:14-30. Its given to us to be greedy but to serve others and assist the poor, to carry out His work on earth.
4. Wealth is dangerous. Consider reading Mark 10:23-27. A devotion to gathering wealth is incompatible with devotion to God. God must always be the most important in our lives. (Luke 16:13). The craving for wealth can lead to all kinds of temptation.
Therefore, we must be careful, check our motives, and seek the Kingdom first. He shall guide us in the management of what we have and the ability to potentially serve more people as He provides us with the education and means to do so.