Creating Wealth - A Matter of Focus

A greater sense of freedom is the basis of most people's desire to have more money in their lives. Having more money doesn't guarantee more freedom, but it is the belief that inspires the desire.

Now, let's take a look at a person who wants more freedom and has decided to significantly increase her wealth. How does she go about it? Where does she begin? Where will she make her first million?

There are a few general areas where a person could direct attention: real estate, stock market, internet, information marketing, and business of all kinds - from network marketing to producing widgets.

In their eagerness to create wealth, people sometimes make the mistake of trying to make a go of it in all of these areas at once. And it is true that ultimately, a person should have multiple streams of income.

But most people who eventually do create massive income from a variety of sources made their breakthrough by initially focusing intensely in one area.

If you'd like to join them in financial success, instead of being all over the map, choose an area to develop expertise. Once you've achieved success in that area, you'll have the confidence and foundation to move on to the next area and the next after that. But first, focus.

How do you choose where to focus?

First, take a personal inventory. Wherever you end up making your first million, it will be related to something you already enjoy. If it isn't innately satisfying work, you're unlikely to stick with it, no matter how surefire a get-rich idea it seemed at first.

Second, does it have leverage? You can never get rich trading your time/expertise for money. You might get the resources to invest in real estate, or business, or the market by trading your time for money, but if you have to be physically present in order for whatever you do to make money, then it's an unlikely ticket to massive wealth - even if you're providing a high end service like a lawyer, doctor, etc.

The income doesn't have to be passive, such as royalties from intellectual property; residual income is fine, such as overrides from network marketing. But the area of focus has to be a venture that can make money while you sleep, so to speak. In real estate, that might be a matter of appreciating value or rental income. Online, that might be an information product that clients download. You get the idea.

Third, can it be systemized? By creating a system, you remove your personality from the equation. Anyone can step in and do what is necessary to keep the ball rolling. With a system, you are replaceable. You can still own whatever it is that makes the money, but you don't have to *do* the money-making actions.

Once you've narrowed your focus, what next?

Find a mentor, someone who has succeeded doing something similar to what you want to do. The mentoring could come via role models you never personally meet, but who have shared their expertise through books or other media that you can study. In addition, however, a personal mentor or coach is tremendously helpful to you in maintaining focus.

Once you've narrowed your focus and have studied what others have done to succeed in your area of interest, you're ready to make a plan of action and take the first step. Then, keep taking steps and keep your focus; you will create the wealth you desire.

About the author:
Lila Norden, internet publisher and business consultant, offers valuable information and insights for advancing your business or career. For helpful resources, strategies, and additional articles, visit F-Com Finances

More Finance information like Lila Norden's at Credit-Voitures.com

How much did you learn from this article?

Not yet Rated

Click the XML Icon to Receive Wealth Building Articles Via RSS!

Additional Articles From - Home | Finance | Wealth Building

9 Ways to Keep the Cash Flowing - By : seomul Evans
Money and Fame Without Too Much Work Through Private Label Rights - By : Sebastian Marders
Attracting Money With The Law Of Attraction - By : Trevor Emdon
How are You Doing in the Stock Market? - By : Mark Espy
9 Ways to Become Wealthy - By : Tarik Pierce
How To Recognize The Best Cash Gifting Programs - By : Ranju Kumar
Multi-Family Offices Can Go Global - By : Tom Burroughes
Building Wealth Through Increased Tax Deductions - By : Kathy Jodrey
Family Limited Partnerships Seen as Next Big Thing in Wealth Planning - By : Tom Burroughes
21 Ways to Turn Your Excel Hell Budgeting into a Strategic Weapon - By : gary Patterson

This Article

	Blog This
	Print This Article
	Post Comment
	Add To Favorites
	Email it
	Ezine Ready
View in your own language (translate) Using Google™ Tanslator

Webmasters/Ezine Tools

Top Authors
Most Popular Articles
Ezine Notifications
Article RSS Feeds

Additional resources

Credit-Voitures.com

Link to Us
Contact Us
Privacy Policy
Terms of Service

Monetize Your Site

Get 1750 private label articles and 15 reports EVERY SINGLE MONTH!

Promote Ebooks with ClickBank
PayDotCom

CPA Empire
Modern Click

The Affiliate Classroom
The Science of Getting Rich

This site is hosted with

Finance News

Click the embed button to show this video box on your site

Click the embed button to show this article box on your site

© 2007 Credit-Voitures.com™ All Right Protected.
Use of our free service is protected by our Privacy Policy and Terms of Service

Disclaimer All articles published by www.Credit-Voitures.com are for informational purposes only.
All articles are not meant to be used for legal, medical, or any other type of advice.
If you require such advise, please refer to a certified expert.