Do You Know ? 4 Laws of Wealth Creation- Earn, Spend, Save and Invest
There has always been the concept of Cause and Effect. Nothing happens automatically. Any Business or individual has two things common. How can be input minimised and output maximised. Same With People.
Your earthly success is measured by How much Wealth you accumulate.I have not seen people who are very successful but broke. Cause and effect concept says the More value you create to the market place the more rewards you get. Now the question is how to create value and how to collect more rewards. This article will help you to understand why massive Wealth is being created by handful people in the World and the rest just have mediocre wealth.
There are 4 Laws of Wealth Creation and Should be practiced in the same order. This article will be a reflection of some of you who are struggling with money management. Use this article to create awareness , build the acceptance of what is So on that and then Take massive Action.
1- Law of Earning :
ALL HUMAN WEALTH IS CREATED BY THE HUMAN MIND.
The application of the EARNING LAW involves the pleasurable creation of an abundant income. Earning is being created by formless substance which is an Idea. it is the thought where everything starts. More thoughtful you are , More earnings you will have. Thought will help you to work and get more Earning.
2- Law of Spending :
THE VALUE OF MONEY IS DETERMINED BY THE BUYER AND SELLER IN EVERY TRANSACTION.
Application of the SPENDING LAW involves enjoyment of the things that you spend money for and living within your means. The core purpose of earning money is to spend.
People go out from home because of 2 reasons- either to earn money or to Spend Money. and one can not spend without earning. Spending which is prudent and has a sound background will give you pleasure, peace of mind and happiness while you spend.
3- Law of Saving :
THE ACCUMULATION OF A SURPLUS FROM YOUR INCOME.
Application of the SAVING LAW involves saving a percentage of your income. This habit produces an attitude of extra, of abundance, which you can expect to see reflected in your future income. Money Attracts Money. All the scriptures of almost all religions say if you are thankful to the money , more money will come to you .
When You have some savings, you have different feelings and that feeling is of security , Gratefulness, abundance and respect for money itself. the more feeling of having you will have , the more money you will be provided.
In book-The Richest Man in Babylon by George S. Clason , one of the most influential books on Finance, says why people in Babylon were rich Because they were saving at least 10% of their income.
This Law will work today as well. If you commit to saving You will find ways to do so. And Believe in me it’s fun to save and see it growing.
4- Law of Investing :
SPENDING YOUR CAPITAL IN YOUR NAME FOR THE PURPOSE OF INCREASING YOUR INCOME.
Application of the INVESTING LAW is a combination of the first three LAWS OF WEALTH because the factors of earning, spending and saving all come into play. Included in the explanation of the INVESTING LAW are ideas about selling and about your own business.
When you have savings then only you can think about investing and doing business which can create more income for you. People can grow when they invest . Investment may be in any area like in Education, training to themselves, in business, in opportunities, in creating something unique which can create value in the marketplace.
This is like a cycle Earn>Spend>Save>Invest : Repeat the whole process.
This is what everyone is doing in this world. If someone breaks the steps in he can’t go ahead in terms of creating wealth.
Why People struggle with money is simply that they don’t follow the steps and they don’t follow the law. Basics of Money and Wealth will never change. It will hold true in all aspects of life.
- Follow the steps of Wealth creation. Don’t mess with them.
2. Earn>Spend>Save>Invest : Repeat the whole process.
3. Save at least 10% of your income. Make it work for you by Investing. Make it Automatic. Don’t worry of Earning more. Manage first what you have. Have fun while Calculating how much you have saved.
4. Investment is the key to creating massive wealth. Investment time wise , money wise, Effort wise all are required to create wealth.
Most important Investment you will ever have in developing yourself.
For more Interesting Topics on Wealth , Money and Personal Finance you Can Join my WealthAccelerator Mastermind Facebook Group Where You will get simple and Very practical Nuggets to Create Wealthy Mindset and massive Wealth.
With Love and Wealthy Wishes !!
I am a Wealth Accelerator Coach. I coach people how they Can accelerate wealth by decreasing the liability and by increasing their Income and by growing their Money. I designed 6 Steps of Financial Planning which Optimise the Wealth you have. I love to Talk about Spiritual Laws of Money. How the universe can help you to grow the Wealth. I help people to take control of their money and enjoy life of Freedom and abundance.
Disclaimer: Above some concept has been taken from Book Money is my Friend and he Richest Man in Babylon.