From the previous article you have learn't how adding value creates wealth. The formula is simple and powerful. Ask yourself, "How can I add more value to any environment I'm in? In your work environment, ask yourself the question, "How have I made or saved my company money in the last twelve months?
True contribution makes life richer, so don't limit yourself to adding value strictly for personal gain.
How can you add value in your home, In your church, in your school, in your community? If you can figure out a way to add atleast ten times more value than what you're looking for, you'll always feel fulfilled.
Imagine what life would be like if everyone followed your example.
2. The second key is to maintain your wealth. Once you have an effective strategy for accumulating wealth, for earning large sums of money, how do you maintain it? Contrary to popular opinion, you can't maintain wealth simply by continuing to earn money.
We've all heard of the famous people who've made fortunes and lost them overnight: the athletes whose talent allowed them to make huge sums but who have created lifestyles that depleted it the moment their income changed. When their income dropped, they often had tremendous demands that they couldn't possibly meet, and they lost it all.
There's only one way to maintain your wealth, and that is simply this: spend less than you earn and invest the difference.
Without question it is the only way to secure wealth over the long term. What never ceases to amaze me though is to see that no matter how much money people earn, they seem to find a way to spend it. People from even the highest-earning categories are often broke, "Why? Because they make all their economic decisions based on the short term rather than the long term . They have no clear-cut spending plan, much less an investment plan....
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