Wealth that Does Not Stop

So for the final note on our series pertaining to wealth creation, sustenance and its relationship to charity, we have arrived to the next phase in wealth – answering the question: Does wealth really stop?

The answer will be a resounding NO.

However, it will only stop if you halt yourself from motivating and putting effort in its creation, sustenance and expounding it through charity. Wealth will be always there and it is up to us to pursue its creation and make the world a better place.

Always bear in mind our previous posts pertaining to goal setting and realizations about failure and success. They are also crucial elements to help you more in your wealth creation venture. I have mentioned there the importance of knowing your true goals, setting them accordingly and having the right attitude towards success and failure.

Again, let me point out also that whenever it comes to creating wealth, always make sure that you make realistic expectations. Not at all times do things work according to your plans. There will be hindrances along the way. You must be realistic in handling the situation, come up with a good contingency plan and be flexible enough to accommodate sudden changes.

Life will not be worth living if you do not know how to face its realities and uncertainties, meet its challenges and putting humane expectations to yourself and everybody.

Remember, there are times that wealth can appear right under your nose. So get out into the world, open your mind to new ideas, and know that it takes patience and effort to work things out.

The Wealth and Charity Connection

We have talked about creating wealth in the previous post. Now let us explore the connection between wealth and charity. In common business dealings, the word charity only appears as an institution in which a company practices its corporate social responsibility. There are even times that stringent businessmen wouldn’t even consider doing charity simply because they believed in the principle that in business, the only word they know is profit and charity is non-existent. But we will be taking the word charity into a higher level – not merely as an institution wherein a company can practice corporate social responsibility. It is more a response to the principle – you get what you give and expounding it further.

Can you be wealthy and charitable at the same time?

The definite answer is YES.

True wealth is not meant for selfish consumption and prestige. True wealth involves creation, sustenance and sharing. It is a continuous cycle. Wealth does not happen in just one instance nor grows itself on trees. Sharing wealth can be your significant contribution for humanity. Sharing wealth or becoming charitable is acknowledging that wealth is not reserved for one person only, but it is meant to be shared to others so that they will also reap its benefits as well as continue the attitude of sharing it again to other people.

You may want to imagine living in a selfish world. I can tell you that progress, growth and sustenance will not happen if people exhibit their selfish and greedy ways. Real life business cases also points this case: businesses that don’t care about creating and sustaining real wealth, companies whose aims are only profits regardless if they get it through ethical means or not, they tend to end up one of the biggest busts during their existence. These companies failed to realize the basic principle of wealth creation as well as its relationship to charity – and yes, they failed big time.

Again, the bottom line is that the definition of charity is not limited to institutions where you can make your donations. In its higher sense, it is involving wealth creation through sharing so that others may also benefit from the wealth you are enjoying.

Until my next post! See you.

Calculating Risk and Managing your Timeframe

Earlier, we mentioned that in order to create wealth, you must understand the principle of you get what you give. Now, we will talk about risk and timeframe.

Now is it worth the risk? Does the investment fit for your timeframe?

Calculating risk is important because in order to earn or gain something of value, then be ready to invest something of value too. Calculating risk is not restricted to the business sense only but it is also applied in the everyday aspect of our lives. Life can be a gamble sometimes – there are times that our decisions also curtail risks and you have to make sure that you can carry those risks and their potential impacts.

And if you choose for bigger risks (and we cannot discount that other people have bigger risk taking personalities than you), you have to make sure that you have this word: CONTINGENCY. Otherwise, if you do not know how to take failures, it will be harder for you when all your plans go to bust.

And then there is the timeframe. When dealing with the timeframe, you need to make into an account if your investment seed is for the short term or the long run. In this way, you can set your expectations and goals on the kind of investment and return you would like to have.

Creating wealth is not easy as you think. So do expecting a return from what you have sown. But just like being a farmer, you need to have the patience and fortitude to see through the challenges of creating wealth, setting your expectations pertaining to your chosen timeframe and calculating risks as well as coming up with back up plans of your own.

In our next post, we will talk about taking your wealth to the next level – charity.

You Get What You Give

In the previous post, we have talked about wealth and the things that you considered as such. Now let us dwell on this particular saying: “You get what you give”.

This particular golden phrase is considered as a core principle in wealth creation. You cannot create wealth if you don’t know how to give first. This is also reflecting the age old adage, you reap what you sow…

When you know what are the things that you value, you determine the things that make you wealthy. And when you know the things that make you wealthy, then you will know how to start creating more. Putting effort in creating wealth (whatever are the things that make you wealthy) and investing on its seeds is the right way to go. You cannot expect money to grow on trees without any invested effort and that also happen with wealth.

If you will look into the lives of prominent people in this world; regardless of what field they are in – the one thing that makes them wealthy and successful is that they know the principle of giving before getting something in return. They know that you cannot reap apples if you sow orange seeds. They know that the secret to continuous wealth creation is to know what, when, where and how they would invest.

Investing is the required effort in wealth creation. I am pertaining to investing in wealth; regardless of whatever kind it is. If you started thinking of sowing the seeds of your potential investment, then you will face two questions: Is it worth the risk? In what timeframe it must be reaped?

Remember the lessons in my previous goal setting posts? They also worth noting for when you are considering your investment for potential wealth creation. Investing towards further wealth creation is also like setting goals. But this time, the next questions to be asked are about risk and timeframe.

In my next post, we will explore further into risk taking and managing the timeframe for your goals.

A Wealth’s Worth

Every human being has the economic need of creating and obtaining wealth. Because of the demands of our world today, this particular need has become one of our priorities and even in some people, a personal goal in itself. But let us examine first, what comprises our definition of wealth.

The dictionary tells us that wealth is defined as abundance of valuable possessions or money and the state of being rich or material prosperity. Wealth is also synonymous with opulence, riches, affluence and fortune. Most of us associate wealth with money. To be wealthy, you have to really rich. And so goes the famous pop song; “I wanna be a billionaire so freaking bad…”

If you have a clear definition of what wealth is, then most likely, you know the things that you put value on. Why did I say this? It is because in order to determine the things that bring you wealth, you must know what things have the most value for you. True, that most of us will associate wealth with riches and money but there will be a certain few would say that health, family and friends are their wealth.

Knowing what you value the most is a crucial step in determining your personal definition of wealth as well as the things that make you feel wealthy despite a simpleton living. And reflecting more on what you value the most also reveals your life philosophy and the life course that you would like to take.

So go ahead and ask yourself:

1. What are the things that you value the most?
2. Are they making you wealthy at the same time?

Let us know your answers to these two questions in the comments section below.