10 steps to creating wealth

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makemoremoney
You’ve probably heard of the Millionaire Next Door, The Richest Man in Babylon, Dave Ramsey’s Total Money Makeover, Rich Dad Poor Dad, Graham’s The Intelligent Investor, Think and Grow Rich, and The Millionaire Mind. I’ve read them all, and many many more just like them. The thing is, they all say about the same thing.  In my experience, if you follow that advice, it will work to generate wealth.  In this article, I’ve picked out the top 10 steps you can take to generate wealth for the long haul.  Certainly there is some value to reading all of these books, but I for one like to keep things simple.  So let’s get started! Here are my top 10 steps to generating wealth.
  • It Can be Done

  • Pay Yourself First

  • Give Some Away

  • Create a Plan

  • Execute the Plan

  • Prepare for Emergencies

  • Work Hard

  • Find Mentors

  • Invest

  • Enjoy Life

More information on each of these steps can be found in the full article.

How to raise $1,000. It’s easier than you think…

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1. Raise $75 – Ask 3 family members to give $25 each

3. Raise $250 – Ask 10 friends to give $25 each

4. Raise $300 – Ask 15 coworkers to give $20 each

5. Raise $90 – Ask 6 neighbors to give $15 each

6. Raise $125 – Ask 5 local businesses to give $25 each

7. Raise $50 – Ask 5 members of a group, club or organization to which you belong to give $10 each

8. Raise $110 – Ask 5 of your facebook friends to give $22

Grand total: $1,000