Business entrepreneurship is the most common path to wealth, but also the least discussed. It gives you many unexpected benefits including community, connection, contribution, a sense of purpose, and a creative outlet. You can also achieve your freedom goals through business entrepreneurship long before you hit your financial goals because passive income isn’t connected to equity like in real estate or paper assets. In addition, business entrepreneurship is a great way to catch-up on your retirement goals if you’re behind on savings. But business entrepreneurship isn’t for everyone despite all the benefits. That why Brennan Dunn and I explore in this podcast episode the tricks and traps to this critically important asset class you may want to consider using in your wealth plan. Learn from our experience so you can decide what works for you. Brennan has developed several businesses in the six to seven figure range and will show you how to use this asset class to achieve your financial goals.
True Wealth 101 Tutorial Guide
Freedom Isn't Just Financial, And True Wealth Is More Than Just Money
The only worthwhile reason to build wealth is for a happy and fulfilling life.
However, the illusion of building wealth is the "more, better, different" lifestyle you can afford.
The sooner you overcome the illusion so you can live the reality, the sooner you will experience true wealth and personal freedom.
True wealth is about experiences - not stuff.
For example, if playing guitar and raising your children is important to you, and attaining financial freedom allows you to spend more time doing those things then you are heading toward fulfillment and true wealth.
If financial freedom allows you to exercise more frequently and eat better then you are on track to true wealth because your desires and the financial means to attain them are congruent.
However, most people confuse money and happiness. They falsely believe the "more-better-different" stuff they can buy with wealth will make them happier.
The truth is once your income rises above abject poverty all the research studies prove little or no relationship between having more money and experiencing greater happiness.
You only need one bed to lay in, one chair to sit in, and neither of those cost a lot of money. Wealth and happiness simply aren't related once you rise above poverty level.
So why waste your time pursuing the illusion?
At FinancialMentor.Com we support the pursuit of financial freedom as a tool for living true wealth and personal freedom. There is more to wealth than money, and freedom is more than financial.
These articles will show you how...
- The Secret To Happiness... And Why It Has Nothing To Do With Money: Learn how a simple daily habit can create more happiness than achieving financial freedom.
- The Ten Commandments Of Wealth: Discover the ten key success principles that lead to true wealth. (This is about much more than just making money!)
- How To Find Your "Sweet Spot" For Building Wealth: There exists a sweet spot to building wealth where you spend no more effort than is necessary on acquiring money; yet, you grow your wealth to the point that money doesn't limit your ability to enjoy life experiences consistent with your values. Learn how to find your sweet spot...
- Andrew Carnegie - The Gospel Of Wealth: A politically incorrect assessment of wealth in America from one of the greatest philanthropists and industrialists of all time. Learn from his experience and uncommon wisdom.
Below you’ll find a listing of our most recent articles about true wealth and personal freedom so you can take the next step…
The Zen of Wealthy – When Is Enough… Enough!
How much is enough? It’s a question you’ll inevitably confront on your wealth building journey, and if you’re not prepared the answer may surprise you. The truth is less can be more because you’ll pay a price for every choice you make. The key is to know what’s right for you. There’s a sweet spot where you spend no more effort than is necessary to grow your wealth to the point that you can enjoy life experiences consistent with your values. In this article I’ll show you how to find that sweet spot…
The Ten Commandments Of Wealth Building
Building true wealth takes a lot more than simply amassing a certain amount of money. There are ten key wealth building principles that lead to true wealth, not just monetary wealth. The objective is not just to become rich, but to build a balanced, fulfilling, wealthy life. Following these ten success principles will put you on the path to true wealth — because life is too short to settle for anything less…
Andrew Carnegie “The Gospel Of Wealth”
Andrew Carnegie was a poor immigrant during the 1800s who became one of the wealthiest men in the America. He built a vast steel conglomerate and became a philanthropist giving away more than $350 million during his lifetime. Carnegie was also one of the first public figures to assert that building wealth included the responsibility to use it wisely for the benefit of others. Discover his timeless wisdom and put it to work in your own wealth building plans today…
The Secret To Happiness… And Why It Has Nothing To Do With Money
The secret to happiness is well within your reach. It is a state of mind and completely within your control regardless of your financial situation. Don’t make the same mistake I made by waiting until your financial house is in order to learn these lessons. Discover the simple daily habit that will bring you more happiness than any level of financial achievement…
How To Become A Millionaire – 5 Secrets Revealed
After more than 120 interviews with self-made millionaires, the patterns for how to become a millionaire have become clear. Fortunately, these patterns are repeatable, which means that if you learn the proper habits and attitudes then it can help you reach your goal to become a millionaire too. Here are the top 5 tips…
FM 007: The Wall Street Journal & Citi Guide To Money And Happiness With Jonathan Clements
Jonathan Clements reveals universal financial truths developed over his 17 years as a featured columnist for the Wall Street Journal (and more recently with Citi Personal Wealth Management for 5 years). His most recent work involved combing his decades long collection of writings and distilling them down to just the essential core “notions” that every wealth builder must understand. Now you can benefit from this unusual depth of knowledge in this exclusive interview with one of the true veterans of Wall Street personal finance journalism…
