How to Create Wealth

When you look at the formula for Net Worth (Net Worth = Assets - Liabilities), you will notice that your Net Worth will increase by increasing your assets and by decreasing your liabilities. It is important that you understand how both assets and liabilities affect your net worth. I will show you how to manage both parts of net worth.

First, let's focus on assets.

Not all assets are of equal value in promoting long-term wealth. The real key to creating wealth is controlling wealth creating assets. In other words, assets that will actually increase in value, and thereby increase your personal net worth over time.

Here are some examples of Wealth Creating Assets:
Your home
Other Real Estate
Stocks
Bonds
Mutual Funds
Savings Accounts
401(k) & IRA accounts
Other Investments

Now of course, there are other assets that will not help you create wealth, but that we may still purchase out of necessity, for entertainment, or other reasons. Here are some examples of non-wealth building assets:

Cars
Boats
Bicycles
TVs
Furniture
iPods

The important thing to get from this lesson is that the more money that is spent on Wealth-building Assets versus non-wealth building assets, the faster you will achieve a higher net-worth.

Good Debt vs. Bad Debt

Wealth Building assets also determine what debt is good and what debt is bad. The best situation is to have NO DEBT! Avoid debt if at all possible; treat debt like a bad disease. However, in life, some debt may still be accumulated; despite your best efforts. All debt is not equal; some debt is better than other forms of debt. Good debt is used to purchase wealth-building assets and bad debt is used to purchase non-wealth building assets.

In other words, a loan to purchase a home can be good debt because the home will (usually) increase in value. On the other hand, if you use your credit cards to purchase an iPod or other consumer goods, then this is bad debt because these items will not increase in value, and will often decrease in value (depreciate) over time.

Take the 30 day Financial Challenge at Keyblast.com - This article is a small portion of the 30-day financial challenge. To access lots of free information, tools, and to see what the challenge is all about, visit Keyblast.com

Spencer has a BA in Finance, an MBA, and is currently a Commercial Banker advising Business owners on Business and Personal financial issues.
Article Source: http://EzineArticles.com/?expert=Spencer_Ray

Increase Income From Your Computer

When it comes to creating wealth, it is important to note that you know what you want, and added to that is knowing how to get what you want. This may sound crazy but i tell ya this is the real thing about creating and managing your wealth. I call it Power under control. Below is an article I read lately by David Garn.

Today the internet has opened doors to a variety of work at home opportunities. Even amateur marketers who do not know much about using the internet to sell products have started to amass huge amounts of wealth. You too can start to earn money at home in a short span of time if you put your mind to it!

Freedom from all debts

Imagine the kind of relief you would feel if you had surplus money to pay off all your existing debts? You could easily get rich quick by leveraging the power of the internet to pay off liabilities and bills. You could pay off your credit card bills, mortgage bills, utility bills, car and gas expenses and a whole lot of other miscellaneous expenses that always seem to pop up on your account! You can start making money right from this very instant as you read this! Imagine the freedom and luxury of being able to purchase your dream home, dream car and fund that fancy vacation you always desired? It is all about getting in control of your life and finances now!

The many opportunities available

There are plenty of home based business opportunities available online these days. Everyone from stay at home moms to even grandmothers are using the power of the internet to earn a bit of extra income. You don't need to be a tech-savvy person and neither do you need to be an expert at selling things. You don't need to badger your friends and family and you will never need to cold call anyone. Making money on the internet can be as easy as you think it is! Right from affiliate marketing opportunities, to MLM distribution, franchising etc. there are many opportunities available on the internet.

Starting your home based business

There are many work at home jobs these days that you can easily leverage. You could become a medical transcription expert whereby you transcribe the conversations between doctors and their patients into scripted documents. You could also take up franchising where you can sell products belonging to reputed brands and earn commissions for every sale made. You could also start your own home based business by setting up an online retail store of your own. You can collect and assimilate all the favorite products you wish to sell. Your website will do all the marketing and promotions for you - even while you sleep - literally!

Flexible working hours

You can easily get rich quick by using your computer and internet connection. You can decide on the number of hours you wish to put in and the days of the week you want to work. This provides you a great deal of flexibility in outlining your schedule on a daily basis. This way, you can earn money at home while also attending all important family functions, attending to your kids and spouse etc.

Big Ticket To Wealth has helped millions of users earn extra income using various home based business opportunities. They provide a gamut of work at home jobs to facilitate your dream of more wealth in less time!

David Garn is a successful six figure earner and a top income earner in the home business industry. David works with entrepreneurs from around the world. He devotes the time, energy, and effort into his team and works with them to ensure their success.

Article Source: David_Garn

Money Talk

Hi, there just wanted to boost your day with this article from Tim J. Jensen, hope you like it - its titled Wealth Building Tips but I call it Money Talk

To experience the life of easy wealth, outstanding success, and complete financial freedom would be well come for almost everyone! You can also join this bandwagon with minimum efforts! All you need to know is just a few secrets to climb the success ladder! Being party to certain wealth building tips would let you see more wealth, riches, money, and the abundance than ever before.

Creation of mindset of a millionaire
Your focus would be the key to obtaining the maximum amount of wealth. Consistency is the other aspect. If you wish of becoming wealthy, you need to thing big and dream big. After having conditioned the mind for focusing on abundance, prosperity, and riches more as compared to poverty, limitation, and lack- more money would start flowing in to the life of yours. This is the first step towards getting rich, and the first amongst wealth building tips.

Know the function of your money
If you are unaware of the above thing, you could end up strangling the flow of yours regarding abundance. If spending recklessly is your habit, or you are not used to paying bills from time to time, or are even ignorant regarding the amount of money coming in and going out, you better come to your senses; because, in actual sense, you are repelling wealth. You might be pushing the things out of experience of yours because somewhere inside, you have realized that you would not know the way of handling more money in spite of having it. You would be pleased to know how 'magically' you tap in to greater amount of prosperity on mastering the art of managing the money of yours. One of these wealth building tips should be considered on a serious note every time.

Have a constant watch on the money which is in bank already
The riches visualized by you in the life of yours would help in the accelerating money in to the experience of yours at the lightening speed. You should start seeing yourself through the mind's eye of yours as to making use of things bought by you with the help of your loads of money, staying in house built by you with the wildly wonderful money of yours, driving car purchased by you with the cash of yours, and many more. Do not forget to add the sumptuous feelings of gratitude, satisfaction, and love with these visualizations. This tip amongst various wealth building tips would prove to be extremely useful, if followed properly.

Be consistently appreciative for the abundant riches of yours
The most influential, yet underestimated affluence trick which can be used by you is gratitude. If you develop the attitude of being thankful at every instant, you are likely to be given more. This, amongst several wealth building tips, is the most challenging concept, especially if you're experiencing any sort of personal or financial hardship. By the end of every day, pen down no less than five things for which you're grateful-literally anything- sunshine on water, birds singing on trees, your child's cuddle, fact that it's the en of the day, and time to go to bed, etc. Let this be done consistently for next sixty days. You would be astonished at the arrival of abundance flowing in to life of yours. This is the most effective, amongst all the wealth building tips.

The author Tim Jensen has always thought that there was more to life than working hard for his money so Tim and his wife Sam went in search of ways to create a lifestyle of abundance so they would have financial freedom to add value to society and people's lives. Joining the 21st Century Academy has given them the knowledge and education to achieve these dreams.

Visit http://www.wealthywayseducation.com/ to find out how you too can gain your own financial freedom with a 21st Century Education.

Order your free DVD http://www.wealthywayseducation.com/freedvd.html that helped Tim and Sam have wealth and abundance within their lives.

Article Source: Tim_J_Jensen