Test Question (TQ):  What is the Key to Wealth?

When you look at the wealthiest people in the world, you will find that the majority of these people are investors.

Below are 3 ways to "invest" yourself into wealth.

1.  Invest in Yourself.

Provide yourself with information, learn the tricks of the trade that you have chosen.  Wake up thinking about your learning curve, go to sleep thinking about your learning curve.

Write down your goals.  Write down specific goals, do not generalize, pay attention to detail.  Its the details that will help you materialize your written words into a living reality.

Read your goals EVERY DAY.

Grow your faith.  You do this through your actions.  Learn what you need to know to feel comfortable with your decisions.  Do not get upset if you find that you need to adjust your goals.

Example:  One of my goals was to become a webmaster, after enrolling in the class, doing my homework and working hard; I realized that the industry was a little crowed.  To be more specific, a lot of artist were going into the field. 

I didn't want to be in an industry where the competition was fierce, I wanted something like taxes - something that people need, use and pay for every year. (I am a Tax Accountant part-time)

So I dropped web design school and studied for and obtained my certification in Internet Marketing.  My thoughts were:  "It does not matter what the web page looks like, without someone like me, nothing happens"

Well that belief, was true to a point.  Yes, I was one of only 40,000 Certified Internet Marketing Professionals in the world, but still not much happened when I applied my online marketing techniques.  Why?  Because, it does no good to know how to reach millions and millions of people if you don't know what to say to them!

So now, I am enrolled in Copy Write School!   And there are only about 300 top Copy Write Professionals in the world.

So it was not like I started out on this path; this is the path I had to take in order to become one of the very best Internet Marketing Specialists.

So, study, enroll in a short course, learn.

2.  Invest in Others.

A person can get anything they want in life if they will help enough other people get everything they want.

The more you help others, the more you will earn.  Its that simple.

Investing in the stock market, commodities, foreign currency or real estate can develop a solid and sometimes a wealthy outcome.   Especially if you purchased lots of real estate in California, before the prices started dropping. 

Just investing in real estate before the drop in prices (or stabilization as they call it) would not have been enough to generate enormous wealth, you would have had to sale a lot of property when they told you it was worth 7Xs what you paid for it -- These are the silent multi-millionaires.

Yes, this particular type of investor had to pay enormous capital gains taxes, but the wealth generated was unbelievable.   When I asked one of these types of investors, how did he know to sale most of his real estate holdings in California, he responded, "Because when they told me the 2 bedroom shack that I had purchased was worth $600,000 - I knew then, to get rid of it before they changed their mind"

3.  Invest in Your Company.

When you look at the richest people, minus athletes and entertainers, you will see a huge percentage work for themselves. They own their own businesses. They work for wealth, not for wages. Profits are better than wages because wages make you a living while profits can make you wealthy.

For tax purposes starting your home based business is an excellent idea, especially if you are short on tax deductions. 

The IRS will give you 3 out of 5 years, before they expect to see a profit.  After this period of time, the IRS may deem the business as a hobby.  This Tax Law, all by itself,  will give you the motivation to succeed.

The IRS is behind you 100% in development of a small business.  They provide more legal write offs for businesses then almost any other investment.  What better entity to have as a silent partner?

The Secret To Wealth

Based upon the above article, we would have to say that the secret to wealth, is to select a work that you LOVE, invest in yourself, invest in others and invest in your businesses....