thing you must always keep in mind is that learning is a process of
discovering the new. It’s getting access to things you don’t know you
Because most people demonstrate they have learned
the skills of financial underachievement, it stands to reason that they
are capable of learning skills. Skills can only be learned over time and
they can only be learned with repetition. No skill that I know of can
be instantly learnt. All skills require time and practice. If people can
learn the skills of financial underachievement, it must also be
possible to learn the skills of being wealthy.
What You Need
All you need is some useful information, someone to mentor you in its application, time and practice.
you put all these together, and you apply all that you learn, you will
become wealthy. It's the Law of Cause and Effect. True learning works
from unenlightenment to enlightenment. It doesn’t work the other way
around. The trouble with most people is that they stop learning very
early in their lives and get stuck with blueprints of struggle and lack.
To be successful on your wealth journey, you must employ the
principle of total responsibility. If you are not prepared to take total
responsibility for your present economic circumstances, and quit the
blaming process, there is no need to read any further because you won’t
find anything in these pages that will help you. As soon as you quit the
blaming process and employ the principle of total responsibility, you
move from a position of being out of control to a position of being in
control of your financial destiny.
Where Wealth Creation Starts
The starting place for all
wealth creation begins with protecting what you’ve already got and
reclaiming the power of what you already earn. Most people start their
wealth creation strategies from the wrong assumption. A popular one is
that you must have money to make money. This is incorrect. If it were
correct then there could be no stories about people who start from
nothing and become multimillionaires in relatively few years. My story
is one of these and I’ll share some of it with you.
started with zero $’s and zero assets. What I did have was an absolute
belief in myself, a passion for learning, a commitment to succeed and a
determination never to go back to the lifestyle I was living. When I
started off, one of the best things I did was give myself permission to
be wrong. As soon as I gave myself permission to be wrong, I no longer
had to do what everybody else was doing. I no longer had to think what
they were thinking. I no longer had to believe what they believed and I
no longer had to behave the way they behaved. As a result it only took
me four years to make my first million dollars.
Focus On Solving The Right Problem
As I said, the starting
point for wealth creation is the protection of what you already have
and the protection of what you already earn. You must protect yourself
from people who want to lighten your economic load and not offer you
knowledge and a commensurate learning experience in return. Most people
attempt to solve the wrong problem and that’s the lack of money in their
lives. In other words, they focus on the result and not the cause.
people fail to solve the problem because in order to solve it you must
use information and knowledge you don’t presently have. Without this
knowledge you can’t solve the puzzle and you end up running around in
circles and using the same money habits that are presently causing the
results you’re achieving.
To Change, You Need Different Knowledge
If you want to be successful,
somewhere along the line there must be some intervention strategies. You
must change the way you think about wealth and to do this you need
access to different knowledge.
As mentioned above, most people
start from the wrong place. Your starting point must be, "how can I
reclaim the power of what I already earn?" Most of the 100% you already
earn has no power. If you’re like most Australians you'll currently be
spending around 115% of what you earn. If you’re like most Americans,
you’ll be spending 125% of what you earn and you’ll be surviving on
credit to make up the shortfall. This is simply not sustainable over the
long-term. If you want financial success, this strategy, despite its
popularity, will not work for you.
Ask Better Questions
If I ask you to reclaim 50%
of the power of the money you already earn, you might say, "that’s all
very well for you, but how do I live?" My response is, "that’s a better
question than how do I get more income." It’s also a more appropriate
problem to solve. Solve the problem of how you’ll live off 50% of the
income you already receive and then use the surplus for your investment
There are many ways to solve this problem and, if you
allow me, I’ll teach them to you. All you have to do is begin asking
questions. There are many ways to solve this problem and of course we’ll
teach them to you. All you have to do is begin asking questions.
explained in detail how to solve the biggest problem people face on
their journey to wealth. You can find it in the first book of the
Infinite Wealth Trilogy at
must begin by reclaiming all those dollars that automatically leave
your pay packet each fortnight/month. You must stop giving away your
dollars to the wealth creation funds of others. Over a lifetime, most
people are happy to drink a fortune, smoke a fortune, wear a fortune,
drive a fortune, and entertain a fortune. It’s these fortunes that you
And when you do, you can begin to use their power to create real wealth.
Written by Paul Counsel, self-made millionaire and author of The Infinite Wealth Trilogy, http://www.paulcounsel.com.au