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The ‘Secret’ to Creating Wealth or How to Make A “Wealth Engine”

in How To

 

Creating a Wealth Engine

Creating a Wealth Engine

Do you want to know what the ‘secret’ is to creating wealth?

Like most really powerful pieces of information that truly have the potential to change your world and your life - this one is so simple, so instantly “Oh yes – well that’s obvious isn’t it”….that most people don’t take it onboard and of those few that do – even fewer use it…

Life doesn’t have to be complicated – yes this is simple but after you read this, don’t do what you were intending to do after reading this – and do yourself a favor…read it again and think about it…

So…here it is…the Secret to Creating Wealth is your ability to….leverage.

What is leverage?  Some people would say its the ability to make more with less….or better yet, the ability to make full use of all of the resources which you have access too – and the secret sauce is being expansive in your thinking about what you truly have access too…

…get creative when thinking about that…creating wealth is often about pulling the different pieces together and creating something productive from it…creating a “Wealth Engine” by leveraging all of the resources you can find….

There…simple right? Too simple?

Lets go through a few examples….you have $1000 and you decide to put it into a savings account…and given today’s interest rates, you get a grand sum of 1 or 2% after a year.

Are you leveraging your cash to make you wealthy? Have you created a Wealth Engine?

Let’s also take a look at an entrepreneur – the founder of a company that sits in his or her basement and works on their ideas – tinkering and experimenting.  What are their chances of creating a Wealth Engine?

Slim right.  Ideas are just the start…you need to leverage multiple resources to create a wealth engine.  You will never be rich from just the ideas…eventually, you have to bring them up into the daylight and let others get involved.  You have to leverage the expertise of other people to stand the chance of creating your own “Wealth Engine”.

Unfortunately that’s what many of us do, although we don’t realize it, we go through life being a productive person of one - what we absolutely need to do is to get others involved, especially people that have done it before and we need to have others working hard with and FOR us….that’s leverage.

I read an article sometime ago from a person in a different field called Yaro Starak – the article was about how he was able to make a step change in his business, a transformation that allowed him to significantly increase his person wealth – that day was when he stopped trying to do everything himself – he literally recognized that by leveraging the expertise of others, he could be more productive with a much higher quality output than if he tried to pull it all together himself.

The same lesson can also be seen in the use of money…the assumption or standard thinking is “Debt is bad!”

In almost all cases that would probably be right…most people use debt to get poorer.

But consider leverage – if you can borrow for 5% and invest with a return of 8% – is that bad or good debt?

And lets come back to the entrepreneur again…if an entrepreneur truly understands how to leverage all the resources at their disposal, the people, their experience, their motivation, the advisors, the investors and more….then the entrepreneur has a real chance of creating a Wealth Engine and the investors will have a better than average chance that they will be a considerable return on their investment. Their secret to creating their own wealth engine is spotting the entrepreneur that can leverage all of the resources available to them…

Your secret to creating wealth is to look around you and think smart about all the resources you have access too and how they can be leveraged to make you wealthy – one day at a time.

Reading these articles and establishing a relationship with me through your emails and comments is a good start at getting more leverage.

…and again – thanks for all your emails and comments – I appreciate hearing your suggestions and thoughts. Keep them coming!

If you found this useful or thought provoking, please join my mailing list. I am in the process of creating tools that will help entrepreneurs with investors and venture capitalists – this is a prime way to get more leverage…plugging into the experience of someone that has done it multiple times themselves and helped others go through the process too….so, join my list and I’ll tell you all about them when they’re ready to be launched.

Andrew

Ps: Any more questions?  Reach out via the contact page above and join my mailing list by adding your name and email in the box to the right. I’ll also send you some valuable downloads to help…

PPS – here’s some help that will be briefly available before I bundle with a larger offering

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Did you break down your Wall today?

in Offering Help,Raising Money

 

Berlin Wall

Berlin Wall

If you have come to this site you are probably interested in raising money for your startup or growing venture – thanks for stopping by…

I also appreciate all those people who reach out via the contact page or twitter – always happy to help whenever I can…

Now there are hundreds if not thousands of blogs out there written about the Venture Capital community – if this were just another one of those sites I’d pack up and go do something more useful…lets face it, anything would be more useful than yet another one of ‘those’ sites.

So, rather than write yet one more article which you could read somewhere else – I thought I’d add a slightly different take on what makes today ‘special’.

As you all know, today is the 20th year Anniversary of the bringing down of the Berlin Wall. Yep, twenty years since the physical divide between Eastern and Western Germany was torn down the people of Germany were allowed to move freely.

Throughout the day, a few ideas have been bubbling up – why did the wall get brought down then? And why, perhaps as important, why did it stand for so long? Why was it allowed to stand, dividing a country, for thirty years as people died trying to escape from one side to the other?

Doesn’t it strike you as odd?

Hundreds of thousands of people walked along the graffiti ridden walls for decades, allowing soldiers with rusting guns to stop them from going where they wanted to go. But, on November 4th,  nearly half a million people gathered together and demanded to be allowed to cross the border without hindrance – five days later they got their way.

Why am I bringing this up?

Well, the Berlin Wall was only effective as long as everyone believed that it would always be there. Thousands of people walked along it, brushing their fingertips along the deteriorating concrete and dreamt of what life would be like on the other side – but most of them never truly believed that the wall would ever come down, that they could ever break through to a better life, a life of freedom and economic abundance. But one day, as the thought that maybe, maybe the wall really could be smashed through – that thought grew and spread, until enough people started to believe it and to come together with enough passion to face down the threats and allow the burning heat in their hearts to rule their heads and overcome their fears.

That thought became a belief, a conviction and its what allows people to smash through their own walls and push through to the freedom of creating a life of which the had only previously dreamt.

Just as the Berlin Wall signified the divide between two ideologies – we each of us has walls inside of ourselves – walls where we tell ourselves to “play it safe”, “Keep doing what we’re doing and not risk it…” to in effect, keep walking along that divide between the life we have and the life we could and perhaps should have. We walk along, our fingertips brushing along the barriers and wondering what our lives would be like on the other side.

I have spent the last few months creating a set of tools to help entrepreneurs learn the steps to raise the money they need for their new businesses from investors – but in the last few weeks, I’ve found myself hesitating – slowing down as I get closer and closer to finishing and I haven’t been able to understand why. But seeing that wall come down toay, has made me wonder…perhaps I have my own walls.

…its true that I have started different businesses, have helped entrepreneurs start businesses and get ready for investment – I’ve always taken to heart that ‘the only constant is change’ – but I am realizing that I have become used to helping individual entrepreneurs….I am comfortable working with each of them to create the pitch and the plans to help an investor see the potential of their business…

…but a set of tools, a course that gives entrepreneurs an easy to follow process and tools they can use over and over again throughout their careers to raise investor funds….well, that’s on a whole new level…and it makes me nervous…why? I have no idea – perhaps just because it’s different, perhaps I’m concerned that the tools won’t be any good…or even that they’ll be too good…can you image what being able to tap into a flow of investor funds whenever you need it for your businesses as you succeed in your business career? Whew! Scary stuff!

Looking at images of the Berlin Wall coming down on the various news stations today, there is one thing that is certain – even though the future may be unclear and just a little nerve-wracking, you can only truly change your life if you are prepared to break down those walls, whenever and wherever you find them…

So – let’s break down those walls together and make the life of our dreams.

As always, I appreciate any comments you may have or feel free to send me a note directly – I respond to them all (well, all except the crazy one and the spam….a guys gotta have standards you know….)

To your entrepreneurial success…

Andrew

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