7 Steps to Abundant Wealth

Rockefeller, Bill Gates, Martha Stewart, Oprah Winfrey, David Geffen, Sam Walton… the list of super rich is long, but how did so many people manage to amass so much and so relatively quickly? Learn 7 rules of wealth summarized from the works of the most distinguished and voluminous authors on the subject.
7 Steps to Abundant Wealth
We all know the basic rule that money must circulate, or else it is useless. Money is the means to get objects, status, power, love, and many other things with an exception of one- happiness. Martha Stuart, by no means the only one, proved that pursuit of wealth comes with a very ugly side effect - greed. Who would think that homemaking diva Martha needed money so badly to engage in inside trading?

Introduction - The Story of a Good Tipper

In general, the generous person is treated more differentially and is granted all kinds of small privileges the stingy don’t even realize exist. It is obvious in a case of a good tipper in a restaurant. The tip establishes a social status and control over the recipient. The good tipper presents him or herself as the one who expects to be pleased. The generous patron in the restaurant enjoys better food, the respect, and a special treatment. Is it worth couple of extra bucks?

7 Steps to Wealth

Step One is all about perseverance. A lot of fabulously rich people made it without college degree. They had something else to compensate for it- dream, dedication and perseverance.

Step Two is all about luck. Luck is just an opportunity, everybody gets an opportunity not everybody can see it as such.

Step Three is smart risk taking. If you know exactly what you are doing, you should not be afraid to take a risk.

Step Four- to become wealthy you don’t need to invent anything new, just improve on existing product or service. Bill Gates made his fortune with Windows OS by improving on the older version of Unix/Linux system. Everything created is based on something else created earlier.

Step Five is about focusing completely and entirely on your idea and work, work, work towards its realization.

Step Six timing is everything. Become a detective of the right timing; learn to stand back when the time is wrong, and to move quickly and fiercely when the time has reached fruition.

Step Seven the final goal should never be the money itself; money is the path to something else, something creative, exciting something for which you have passion.
   By Julie DiBartolo
Published: 6/7/2008
 
Use the feedback form below to submit your comments.
Your Comments:
Your Name:
Use the form below to email this article to your friends.
Recipient Email Address:
 Separate multiple email addresses by ;
Your Name:
Your Email Address: