Wealth mindset – This is by far the most important aspect of building wealth. By the time we become adults, most of us lack that mindset, simply because we have been told all during our childhoods that money doesn’t grow on trees, that we must finish our vegetables because of the starving children in China (because there isn’t enough to go around), and that it takes hard work to get anywhere in life. These are commonly referred to as “limiting beliefs”. The rest of journey-to-success.com deals specifically with how to adjust your thinking so your focus is on abundance for all, not scarcity and competition.

Knowledge – You will need certain skills in order to make money and to keep it, if you don’t already have them. Foundational issues such as basic bookkeeping and understanding certain financial statements are critical to anyone who is serious about creating wealth. You will need general and specific knowledge about the business, industry, and/or investments you are involved with. In order to keep your money once you start amassing wealth, you will need to learn about how to use entity structuring and other legal protections, as well as specific tax strategies to make the most of tax laws.

Wealth Building Team – You will need to form a team of experts to help you build your business and your wealth. Nobody becomes wealthy all by themselves. This team will include accountants, lawyers, financial experts, assistants, marketing experts, etc. And depending on the types of investments or businesses you engage in, it may include real estate experts, Web development and marketing consultants, business development experts, and so on. Wherever you have a gap in expertise or time, you will need to fill it with an outside expert. And you will not want to scrimp on cost for these people—hire the best, they will more than earn their way.

Opportunities – Once we start taking notice of them, opportunities to make tons of money begin to appear all around us. This is part of having a wealth mindset, and ties into the Law of Attraction. This is like when you buy a new car, all of the sudden you see cars just like yours all over the place. They were always there, you just never noticed them before you started paying attention. But also, you will want to spend at least some of your time around other people who have a wealth mindset. These are the people who are making money and making deals on a daily basis. A network of like-minded people who are on the fast track will help you succeed much faster than if you’re working alone. We currently have more opportunities than we can possibly pursue coming in every single week, and that’s mostly because we started paying attention! It’s also because we started hanging out with people who think about money in entirely different ways than the average person. And that rubs off over time!

Multiple Streams Of Income – We’ve all heard about “hedging our bets”, right? Well, it’s true. You will want to invest in at least three or four different areas over time (not all at once or you’ll drive yourself crazy). In our case, we are building this online business, plus we’re investing in real estate, loaning money to others, and getting involved in one or two network marketing opportunities. Eventually we plan to buy some other businesses as well. As you can see, even if the real estate market takes a hit, we are well insulated by our other investments. Many people we know also invest in oil and gas wells. Very few of them are in the stock market at this point, but more on that later. The key is that it’s important to not put all your eggs in one basket, and to build passive income over time so that working eventually becomes a daily choice. Now wouldn’t that be nice?

Now, this all probably sounds quite daunting, right? But you don’t have to do it all in one week! And you certainly don’t have to do it alone, nor should you! It took us more than a year to get all these things in place, and we’re still building. Remember, just one bite at a time…and eventually you will have a beautiful quilt of various investments, and your books and files completely organized, with other people doing much of the lifting for you.

However, as I’ve said in other places on this site, I strongly believe the number one priority for building wealth (or success, or happiness, or anything else you desire) is to focus on “raising your awareness”. Work on yourself most, and the rest of the pieces will fall into place. It’s that simple (but it ain’t that easy!). So relax, enjoy the ride, and remember: The journey is much more important than the destination!

Our main goal with this site is to help you realize that you are just as capable and deserving as the next person to build as much wealth as you could possibly desire. But in this section, we offer you the things that we have learned along the way that can get you started on your journey to financial success.

Ways Of Making Money

There are four ways to make money:

* Work for someone else – Requires your time to make more money – therefore your income is limited by your available time

* Work for yourself as a sole proprietor or in a partnership – Requires your time to make more money – therefore your income is limited by your available time

* Direct investing – You invest in something over which you have some control, such as a business you own or a piece of real estate – some or all decision-making is in your hands

* Indirect investing – You invest in something over which you have limited or no control, such as stocks or bonds – decision-making is out of your hands

Passive vs. Active Investing

* Active investing – You are doing some of the legwork in locating and evaluating your investments, playing a part in the actual transaction

* Passive investing – You loan money to others who do all of the legwork in locating and evaluating your investments, and all you have to do is evaluate them for their risk and returns, and whether they are appropriate for your investment criteria

* Active income – You have to spend time to earn your nut

* Passive income – You have either bought something or built something that you no longer have to spend your time on – it pays you whether you work or not (my favorite!)

So, what kind of wealth builder do you want to be? Ultimately, you will probably end up doing some or all of these things.