Principles of Wealth Creation

Principles of Wealth Creation

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Many people want to be wealthy and fail to consider what it takes to create wealth. There are 5 key principles of wealth creation that will be discussed in this 5-part series. The principles of timing, cash flow, tax benefits of business ownership, lifestyle and residual income. When you look at the wealthiest people in the world, they embody these 5 principles of wealth.

To create wealth you must have a plan. This does not mean everything will go according to your plan. However, just like you would not travel across the country without a map, you cannot achieve sustainable wealth without a plan. The plan must include both how you will create wealth and sustain or grow your wealth.


Escape the Rat Race With the Principles of Wealth

Video reveals how most people are simply living as if they are in the movie, “Groundhog Day” or on a hamster wheel. You are exerting a lot of energy on a track that someone else put you on. You work tirelessly on this treadmill for 45 years to find that you are in the exact same spot that you started in.


“Go Confidently In the Direction of Your Dreams

Live the Life You’ve Imagined”

Henry David Thoreau 

Defining Wealth

The amount of money to feel successful or wealthy may vary from person to person.

Principles of Wealth Creation Defining Wealth

For most people, the pursuit of wealth really is about having the time and financial freedom to do what makes them feel fulfilled or self-actualized. You may want to be able to take numerous vacations a year to exotic destinations and travel better than comfortably in luxury. You may want the time freedom to be able to stay at home with your children or grandchildren. In today’s world, time freedom may mean that you want the time freedom to stay home with aging or terminally ill parents or grandparents.

Principles of Wealth Mansions & Yachts

It can also be said, that wealth creation is rooted in the strong desire to have options. We all know that there will be good days and there will be trying days. The principles of wealth dictate that if you follow them, you will have options when a parent or child is ill. You won’t have to ask your boss or human resources for a leave of absence. When the opportunity of a lifetime to travel and experience an exotic location or that band you always wanted to see, you won’t have to beg your boss for time off.

The 45 Year Plan Works Against the Principles of Wealth

Are you not where you want to be? If you are like most people, you went to college with the dreams of achieving more than your parents and grandparents. Now that you have been in the work force for some time, you are feeling stuck, threatened and maybe even behind. You must be thinking, there has to be a better way. There is a better way with the key principles of wealth creation.

The 5 Principles of Wealth Creation

This 5-part blog series will cover key principles of wealth creation:

  1. Timing
  2. Cashflow
  3. Tax advantages
  4. Residual Income
  5. Lifestyle

You will discover the definition of each of these principles and their role in creation wealth.

Principles of Wealth Oceanfront Mansion


 

About Tamira Hamilton Certified Motives Beauty Advisor, Tamira Hamilton, has over 20 years of sales, marketing and coaching experience. She specializes in helping others find their inner strength and leveraging it with a proven and duplicatable system to make money online using Blogs, Social Media and influence. Tamira is a servant leader and well respected in the industry. To learn more about becoming a Motives Beauty Advisor, please email tamirashamilton@me.com or visit  
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14 Comments

  • Robert ether says:

    Once again Tamira you continue to share quality info. Well put together and a easy read.. Keep them coming lady

  • Robert ether says:

    Great info my lady.. Well put together and a easy read.. Keep it coming.. People need to hear this
    Robert ether recently posted…Skino Brown and Bridgette Angelique “Chosen One” Video Release PartyMy Profile

    • admin says:

      I certainly will do. If there is anything you would like to see me write about, just let me know by clicking contact on the main menu. I appreciate all your awesome comments and enthusiasm.

  • Kristy says:

    Freedom to spend my time mostly as I want definitely makes me feel wealthy. I’m going to Bhutan soon and am very much looking forward to learning more about the country’s concept of wealth. Through their Gross National Happiness program, the health of their economy considers wellbeing beyond just financials.

    • admin says:

      You travels are definitely a “wealthy” treasure Kristy. The value of the experiences, people and landscapes are immeasurable. The lessons learned priceless and the memories of a lifetime.

  • Kendra says:

    It is important to define what one believes wealth to be. Many of us for years felt it all had to do with finances, which it certainly does. But, it is so much more than that. It is the experiences that life has to offer and the experiences that we go after whether they be large or small. Looking forward to the rest of this series!
    Kendra recently posted…Popcorn…the solo’s staple!My Profile

  • Julie says:

    Wealth is defined so differently between individuals. And being able to define exactly what that means to you is of utmost importance. I love how you are going to break this up into a 5 part series tackling each piece individually. Look forward to it!
    Julie recently posted…5 Ways To Become Superhuman With FlowMy Profile

  • Jane says:

    Wealth is many things, not just having the money, but what makes you happy. This could be, like you say, time freedom, or it can mean having abundance of all things that make feel safe and secure or feeling at peace with the world.

  • Lucy says:

    Wealth is freedom, be it time, money, creativity…looking forwards to reading more, will be bookmarking your site!

  • Great article, Tamira. It’s true that most people are stuck on a treadmill without ever looking up to realize it. And then years go by and they feel stuck on their treadmill. There are always other options to get off the treadmill but most people are too scared to try. Even though it’s a proven fact that no wealthy person has ever gotten that way through a job unless they were in sales (ex. wealth can be created through high commission sales like real estate, software sales, etc.). The #1 way to create wealth is through successful business ownership, followed by real estate ownership. The key word is ownership and the ability to create value for many other people. Thank you for the great article. I look forward to hearing more through the 5 principles that you will talk about.
    Michael Knouse recently posted…Episode 49: Activating Your Business Super Powers with Victoria ProzanMy Profile

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