When you think of leverage, what comes to mind? If you’re like most people, it’s some form of financial leverage – mortgage financing or debt financing – using other people’s money. You probably also think leverage is risky. But the truth is financial leverage is only one of six different types of leverage. Worse yet, it’s the most dangerous type of leverage because it increases risk as much as reward. The other five types of leverage can both decrease risk and increase reward… at the same time! So let’s pull these five other categories of leverage out of the shadows so you know how to multiply your wealth growth by taking less risk…
The Surprising Reason So Few People Succeed At Building Wealth - Revealed!
Why do certain postal employees and teachers with ordinary incomes achieve financial freedom, while doctors and lawyers earning multiple times more income end up in bankruptcy?
The reason is more complex than most financial gurus teach.
The truth is there's no magic wealth system or program that produces reliable results despite the over-hyped claims of marketers.
Instead, the wealth building process is mundane and practical - like a series of hurdles you must jump over, without tripping up - no different than building your own business or achieving any other serious economic goal.
The hurdles are:
- Commitment so that you prioritize everything necessary to build wealth; otherwise, life will just get in the way.
- Plan based on proven principles that actually work, and it must be uniquely designed to fit your skills, resources, and interests.
- Action because nothing happens without persistent, disciplined action over sufficient time to reach the end goal.
I know that doesn't sound nearly as sexy as the "hidden secrets of the rich" sold by marketer types, but it is timeless wisdom that actually works.
People want to believe in get-rich-quick and overpriced weekend bootcamps because they promise to deliver that "secret missing ingredient" that previously held you back.
The secret is there are no secrets.
The wealth system that works today is the same program that worked 250 years ago because people haven't changed. The principles are the same, and only the details have changed with time.
The hurdles you must clear to reach your wealth goals are timeless, and the fact that nearly everybody trips up on one of these hurdles remains the reason why wealth remains for the select few.
It is just human nature.
For example, just consider the second hurdle and all the difficulties hiding behind your wealth plan and the eduction required to develop it.
There’s no proven quality standard in financial education. There’s no vetting organization to separate good from bad, and most people don’t have enough financial background to spot a fake or tell quality from junk.
Who can you trust? How do you know?
It’s a serious problem.
The truth is all the information you could ever need to know for achieving financial freedom already exists, most of it for free. In fact, we’re overwhelmed by information.
But if you bought every wealth building program you’d never make any money because you’d be so tied up in knots trying to unravel the confusion and figure out which way to go that it would be difficult to commit to a direction and get started.
Here's the reality. Each one of the 3 hurdles listed above is required to achieve wealth, and each hurdle is surrounded by landmines just like the planning hurdle described above.
Fortunately, there is a scientifically proven way to engineer your life so that you achieve financial freedom in 7-15 years by clearing all of these hurdles.
Below are some free articles excerpted from Seven Steps To Seven Figures - a complete wealth building system...
- Expectancy - Millionaire Math That Converts Uncertainty into Profits: Reveals 7 ways mathematical expectancy helps you profit more consistently in your financial plan. Use risk management and leverage to control payoff...
- The Naked Truth About Multiple Streams Of Income... Revealed! How to avoid the inherent pitfalls lurking behind multiple streams of income so that you can profit from the benefits.
- The Ten Commandments Of Wealth: Learn the ten key success principles that lead to true wealth. (This is about much more than just making money!)
- How To Transform Your Dreams Of Wealth Into Reality: Discover the critical mental shift that can change your wealth building plans from a question of "if" to the security of "when".
- The Reason You Aren't Wealthy... Yet: Uncover the easy-to-understand but hard-to-live idea that keeps you from creating wealth.
- Step By Step Goal Setting To Achieve True Wealth: Learn Todd Tresidder's personal goal setting process that helped him retire early and wealthy... so that you can do the same.
- Benjamin Franklin - The Way To Wealth: Packed with timeless wisdom proving little has changed in 250 years. Learn the wealth building system that worked then and still works today.
- Warning! Why Most Wealth Building Programs Are Expensive Half-Truths: Learn the cause and effect chain that leads to true wealth, and discover which broken link in the chain has held you back from financial success... until now.
Building wealth isn't rocket science, and it’s not a revolutionary secret of the rich.
It’s about all the simple things WE THINK WE ALREADY KNOW like commitment, plan, and action, BUT DON’T DO PROPERLY.
Think of it like a chain where your wealth system is only as strong as the weakest link.
For every 100 people reading this tutorial you’d be lucky to see more than 1 person clear all the hurdles without breaking at least one link in the chain. It's not difficult. You just have to know what to do.
Who would you rather be? One of the 99 who fail? Or the one who succeeds?
Below you’ll find a list of our most recent articles about wealth systems & programs providing you with additional strategies and information so you can take the next step…or jump straight to 7 Steps To 7 Figures here.
How can you reliably profit from investing when the future is unknowable and the markets appear to be random? It’s the same answer that that will help you consistently grow your career and improve your earning capacity, and it will also help you reliably grow your wealth so that your financial goals are simply a question of “when”, not “if”? The answer is mathematical expectancy. This “must-learn” principle shows you how to convert an unknowable and uncertain future into statistical confidence producing a reliable outcome. When you understand how mathematical expectancy works, it will change how you play the wealth building game forever. Read this article to learn more…
The Way to Wealth, written in 1757, is a summary of Benjamin Franklin’s advice from Poor Richard’s Almanac published from 1733-1758. It’s a compilation of proverbs woven into a systematic ethical code advocating industry and frugality as a “way to wealth”, thereby securing personal virtue. His advice is just as relevant today as it was 270 years ago when first written. If you have any interest in financial security then you’ve gotta read this! You’ll be amazed how little has changed in all these years. The principles that lead to wealth are timeless wisdom, and you must know them to achieve your financial goals…
Most wealth building education can be broken down into three distinct schools of thought. The only problem is each is a dangerous half-truth leaving you prone to failure. You must connect these half-truths together like links in a chain where your wealth plan is only as strong as the weakest link. The only problem is most people are naturally good at just one link while inherently weak at the other two. Read more to find the solution…
You think you know all about goal setting already. The only problem is you’re probably not walking the talk. I realize another article on goal setting is about as exciting as watching paint dry, but you didn’t hire me just to entertain you. My job is to help you build your wealth, and there are few tools more powerful than goal setting. It costs nothing, risks nothing, saves time, and provides amazing results, but only if you use it correctly. This article shows you how…
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 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…
Forget everything you’ve read about multiple streams of income. They haven’t told you the real truth. The problem rests not in the idea, but in the practical application of the idea. The key problem is implementation – not theory. Let’s look at why multiple income streams can be problematic, how you can determine if this wealth-building system makes sense for you, and how to go about creating it the right way…
Wealth is math. That’s bad news for math phobics, but it’s great news for the rest of us because it means there are rules and science behind how wealth building works. The process isn’t random luck. In Episode 19 of the Financial Mentor podcast we’ll explore the most essential math principle to wealth building – the expected value formula – so that you know how to put it to work in your wealth plans starting today…
You’ve heard it repeated so many times that you no longer question if it is true. What is it, you ask? It’s called “the passion hypothesis”. The premise is you should do what you love and the money will follow. If you want to succeed then you should follow your passion. The only problem is it’s wrong. In this episode I take you beyond the superficial knowledge to a deeper layer of knowledge showing you how career development connects to wealth building so you can enjoy the freedom you desire long before your assets will support it…