Personal Wealth

Is accumulated money and/or access to money synonymous with Wealth? Or is Wealth something entirely different? First, let’s define our term.

The Old Oxford Dictionary of Wealth

1. The condition of being happy and prosperous; well-being.

2. Spiritual well-being.

3. Prosperity consisting in the abundance of possessions; ‘worldly goods’, valuable possessions, esp. in great abundance: riches, affluence.

Let’s look at this a little closer.

Prosperous – Having continued success or good fortune; consistently successful; flourishing, thriving.

Spiritual well being is listed as second and certainly is a condition to well-being.

It is not until the third definition that worldly goods or possessions are described. In modern dictionaries, it is always used as the first definition.

Riches – Abundance of means or valuable possessions; wealth.

We can see in the definition of riches that it is important to have an abundance of means, or actions, which we can use to discern and grow Wealth.

Before significant accumulation of, or access to money occurs, Wealth already exists in another form: perhaps in a skill, an attitude, an idea, an insight, knowledge or in a way of doing things.

Wealth-filled living is a life filled with personal, exponential growth in all areas of the definition:

1. Health and general well-being
2. Lifelong cash flow
3. Lifelong skill building
4. Ability to transfer true wealth to heirs
5. Lifelong acquisition of relevant knowledge and mental stimulation

Personal wealth is your means of attaining the highest possible level of financial security every day of your life. Personal wealth involves you, grows with you, is retained by you and transferred by you, not just when you die but while you live.

Most people cannot accumulate enough money to fulfill their traditional financial planning requirements and therefore have no hope of future financial security. By using this blog to teach people how to distinguish, develop and manage personal wealth, I will assist, coach and mentor those who want to take the next step towards attaining the highest possible level of personal wealth.

Would You Respond to No-Hype Marketing?

Most Internet marketers, marketing gurus and web designers don’t think so. They tell us we need to grab your attention quickly and capture interest with something flashy to create “buzz” with sex appeal or an emotional hook.

How many times have we heard, “Sell the sizzle, not the steak?”

We at the TeamLeverage blog have decided to stick to our convictions and challenge that advice!

Why?

1. We believe our message is worthy of your time and attention.

2. Probably like you, we dislike most flashy marketing and distrust the people behind the products and services sold in this manner.

3. We also believe that you have the intelligence to absorb a few facts and use logic to grasp the long-term, life-changing system that we introduce here.


Everyone agrees that America is the world’s strongest financial power. Yet private debt, credit usage, and anxiety about money are at an all-time high. For example:

· More young people than ever attend college yet the average student graduates with a debt load higher than the combined mortgages of their parents and grandparents.

· Trillions of dollars have been lost forever in the last few months.

· The gap between the skyrocketing cost of living and what we actually earn keeps growing.

· Company retirement plans are either becoming insufficient due to the ongoing loss of purchasing power or are disappearing altogether.

· Even though most folks know that Wal-mart is the world’s largest employer, less realize that they are also the single largest employer of people 70 years old and up. The average Wal-mart wage $8.26 per hour with the top wage being $9.76. Who can live on that?

· It takes $230,000 invested at 5% annual interest for a $1000 per month return on investment. That means it would take almost $1,000,000 at that rate to receive a monthly return of approximately $4000, before taxes!

· 63 out of 100 people age 65 or older depend on Social Security, family or charity to meet their basic needs of food and shelter because of the exponential rise in the cost of living.

· Only 4 out of 100 people age 65 and older independently support themselves.

· Only 1 out of 100 people over 65 is considered financially wealthy.

Doing the same thing as our parents’ did to create financial security is no longer sufficient.

Different times require different approaches to success if similar quality of life is to be enjoyed.

So how can an individual or family respond to these mounting personal economic challenges? Common choices are:

· Downsize your lifestyle.
· Increase credit use and debt.
· Take on a 2nd or 3rd job.
· Speculate via lotteries, stocks, gambling of all kinds.
· Find new sources of cash flow.

What we’re suggesting is finding new cash flow via a home-based business. That said, in these times, it still takes something more than having your own business to be truly successful today. That something more is leverage. You need a leveraged business that utilizes the Power of a Leveraged Team. Stay tuned for the Guide Posts that will serve you for the years to come.


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