Blog

Let’s face it—we’re dealing with the biggest state of economic turmoil that this nation has ever seen since The Great Depression.  The good news? Surveys show that people are reducing their debt and saving more.  Still, people aren’t changing the way they deal with their money. We’re still basing our future on rolling the dice, even though we are uncertain about where that future lies in regards to our economic prosperity. It’s time we explored other options and updated our view on how to increase wealth and prosperity, and how do to that in an accelerated way.

Believe it or not, there’s more that you can do with your money than just relying on your standard 401K, IRA or Mutual Fund, hoping that by the time you’ve reached retirement there’s enough money there to last you the rest of your years. But is that how you want to do this? Just throw some money at a volatile market, then cross your fingers and hope it all works out? Think of it like this—would you ever jump out of an airplane before knowing how to properly utilize that parachute and just hope that it opens at the right time to avoid speeding down to a certain death? Of course not! This is how we have to view our financial futures. It’s time to stop waiting for the government to bail us out, get educated, and make a change. That’s what Prosperity Economics is all about.

There are an immeasurable amount of risks and questions that many of us (and the conventional financial planners that advise us) fail to realize and ask when considering our financial future.

• How will things like inflation and a changing demographic population affect my investments?
• As Social Security gets paid out to more and more people, how do I know that there will be enough for me?
• What happens in the event of a stock market crash? How long am I willing to wait to recover from such a drop, all while risking another drop?
• As life expectancy continues to increase, will we have the money to pay for those extra years tacked on to our lives?
• What happens in the event of death or disability?
• How will increased taxes or changing tax laws affect my current—or future—financial plans?

Feeling overwhelmed? Don’t be!

Prosperity Economics looks to not only answer these questions, but to plan for them, winning the war against financial crisis by doing something different with your money and taking action. There’s no better time than now to become more financially aware, thinking about all possible scenarios to plan our future and actually enjoy it!

So how’s it done?

The first and simplest step to economic prosperity is educating yourself. Without an all-encompassing knowledge, it’s nearly impossible to do the proper planning in order to be confident in your financial security. This is achieved by following the Principles of Prosperity; 7 steps, outlined below, that guide you to wealth and prosperity.

1. Own a Prosperity Mindset

Put yourself in the position to solve the problems of your current financial plans, and have the faith and open mind to make a change and do something different.

2. See It

It’s important to look at every single financial decision that we make and assess whether they’re working for us or against us, and how we can make them work together to our greatest benefit.

3. Measure

With every financial decision comes cost and benefit. The way to come out on top is to minimize the cost while maximizing the benefit.

4. Flow

It’s not all about net worth. Get your cash flowing and your net worth will follow as a result.

5. Control

Ultimately, investing in a 401K or IRA causes us to relinquish our money to someone else, losing control as a result. It’s important to remain in control of your money not only so you can actually use it if you need it, but to seize opportunity when it presents itself!

6. Move

Money is meant to move not to, but through assets, thus accelerating the rate of wealth and prosperity.

7. Multiply

Make one dollar do more than just one job. Instead, make that one dollar do the work of many dollars! It may seem paradoxical, but it really is possible for one dollar to be more than just one dollar.

Following these steps to economic prosperity will allow you to create the right income and savings plan that meets all of your needs. It’s all about  macroeconomic thinking, rather than microeconomic.

We work hard for our money- it’s time we made our money work hard for us!

 

To your prosperity!

Randy Whittle
Clarity Wealth Solutions
Clarity@ClarityWealthSolutions.com
877-914-1637

 

Forward this ezine to a friend. They can subscribe by sending a blank email to cwsprosperitypk@aweber.com

If you want to comment on this article, please do so on my blog.

What is the true purpose for increasing wealth or even becoming rich? To increase the richness of our lives, to enjoy life to the fullest. Today, men and women seek and increase in life, and wealth is often a means to an end. Rather than loving money or wealth as a possession to be worshiped, people desire wealth in order to be able to enhance or increase those experiences and relationships so important in life.

Some view the accumulation of wealth like a competition that is to be won. If you truly want to enhance and enrich your life, realize that building wealth is directly impacted by being creative rather than competitive. Many people equate financial freedom with unlimited money or wealth, when in fact true wealth – the purpose of wealth – means experiencing life the way you want without financial boundaries. When you cannot live life the way you desire or express yourself fully in your creative being, you will be motivated to pursue the wealth necessary to increase life.

Wealth building encompasses far more than acquiring assets and amassing huge sums of money. By increasing your own self-confidence and awareness of those dreams you want to pursue, prosperity can be yours sooner rather than later. Can anyone achieve prosperity in the present, or do all people even desire this level of living? Honestly, not everyone is meant to be prosperous – and there are a few characteristics that people who desire wealth both monetarily and in life share.

Those who are successful at wealth building are usually open-minded and think outside the box; they are dedicated to achieving the end result that is the focus of their efforts. These individuals recognize that there are some principles that apply to all areas of life, and that being open to these principles works to enhance every aspect of life, including the financial aspects. A true belief that you can achieve anything and attract those things you desire in life is essential in successful wealth building.

With the right approach, beliefs and mindset, wealth building for prosperity – both now and later on in life – is something that is easily within your grasp.

Wealth building involves much more than the money you command through your knowledge or experience. You can have a fantastic paying job, or you may be an entrepreneur with a firm belief that your knowledge or talents will provide you a stable financial future. What happens if you do not invest or manage your assets properly? Those interested in wealth building should delve much deeper, as the money you actually earn simply skims the surface when it comes to what can be achieved with proper implementation. It’s what you DO with this money that can make or break your financial future.

Unfortunately, too many people see wealth building as something that will help create a comfortable life at some future point. In order to be prosperous now, it is necessary that you learn how to think, be and do. As much as money can give you security, debt can make you insecure. No matter how much money you make, if you go too far in to debt you are setting yourself up for failure.

In fact, harmful debt is one of the biggest factors holding many people back from achieving the comfort and stability they desire in life. It is nearly impossible to build up your assets and create your desired lifestyle when you incur unnecessary debts that you cannot afford. This may include expensive luxury cars, excessive shopping, or even a home that is far above your means.

Attitude and action have much to do with how successful an individual is with wealth building. All too often, people put off doing those things necessary to improve their lives and continue living in the same old rut. Wealth building doesn’t simply apply to making money. While affluence can improve your circumstances, there is something to be said for improving yourself and not simply being wealthier than the next person.

After all, true wealth applies to the happiness and rewards often found in life through love, family, children, and experiences we share in those relationships. It is often these things that are the greatest rewards enhanced and enjoyed through our wealth.