Creating Wealth is it really a secret?

Why do so many people believe the road to wealth is only availed to those having the secret? What if there were no secret but instead a recipe for success that would work if you worked it? These are a few of the observations that come to mind when this questioned is posed. While I don’t disagree that it takes a focus effort, a plan and true motivation to gain wealth I don’t believe it is exclusive to any particular group or set of abilities. However, there are basis principles that have worked and continue to work if consistently applied and maintained for a calculated amount of time. What does that mean? It implies there are so many people on the verge of a significant breakthrough and unfortunately just before it happens for them they decide give up or switch gears. As an example we think of children having a short attention span. However, there are a number of our adults that fall into that same category and are constantly jumping from one lily pad to the next looking for the get rich quick approach to gaining wealth. It is not easy to avoid all the hype of business opportunity after business opportunity making claims that in a few shorts months you can fire your boss and be on the road to financial security. In this troubled economic times who can say they are feeling comfortable about their long term security? The magic however as I have said before is while there millions of business opportunities out there finding the one that truly fits you is the first step. It doesn’t matter if you have the best product or service if you don’t believe in it. There are so many people who are working hard to generate income from business opportunities that don’t fit their skill set, don’t align with their short term income needs, they don’t find enjoyable or they don’t have realistic goals that are supportable by the venture. It all leads to another business failure before it even gets off the ground. What are the key attributes required to generate wealth?

One of the first things is having something you truly believe in, the knowledge to execute and the willingness to take calculated risks to achieve. The ability to take risk is essential because in any business venture you have to be willing to invest either time, money upfront with a belief the future will net a profitable return? Once you have latched onto an business opportunity that you believe is a good fit for your belief system, ability and knowledge you need a plan of action backed by resources of time and most cases money. Managing the resources you have of both time and money are essential to success. It is about putting enough capital and energy in the earlier stages of your business development to confirm you are on the right track. Most of us need positive feedback and encouragement to continue working a plan that could result in wealth. This is not something you decide to do after you have accumulated wealth this is something you do from start to finish. The unfortunate truth is a poor bad money manager with wealth just becomes a bad money manager with wealth. It is like working hard to loss 20 pounds and then putting it back on in half the time it took you to loss it. However, just having a recipe to create something doesn’t by any means assure you of success it is the execution of that recipe that makes all the difference. It takes me back to the first time I attempted to make my grandmother melt in your mouth homemade biscuits. I mean she would get in the morning and start making breakfast and many a day all I cared about was the smell of the biscuits and the knowledge that soon those coupled with canned preserves would make my morning. I was taught my mom at an early age learn to cook the things you love so you don’t have to depend on anyone else to cook them for you. So one morning I asked my grandmother for the recipe of her homemade biscuit and she smiled and without hesitation gave me all the ingredients and explained to me the process of making what I believed could have been an award winning delight. Well with recipe in hand and the process clearly explained I set out to reproduce something I truly loved and being a bit of a cook it was pure pleasure in making the attempt. I stress the word attempt because after about three attempts I gave up because my resulting tray of biscuits didn’t even come close to the lightness, texture and taste of my grandmother’s even on her worst day. My point being to really achieve success in any area it takes more than having the recipe you must also have the drive, dedication and truly desire to succeed. Why didn’t my biscuits come out like my grandmothers because the kneading of the dough was almost an art learned after years of experience and I’m sure at some point along the way trial and error. So while these are some of the critical elements of gaining wealth they by no means are all inclusive. The last element I will mention in this segment is the need to plan and the critical importance of setting realistic and measurable goals to track your performance and hold yourself accountable to achieving wealth as you have defined it. Yes what is wealth to you makes a difference in the planning, tracking and execution. Dare to dream is key because if it is not a challenge to achieve you probably didn’t make it big enough. May the winds of success blow your way and create in you the motivation to keep moving forward in your endeavors. What is the opportunity that will be the right fit for you to branch out in a new exciting direction and built wealth as you invest in yourself and the future for the ones you love?