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Wealth Formula That Can Never Fail
A question that continues to come up in my conversations with some of my readers this coming year is, “What can I do to earn a steady income and stand out from the crowd?”
Every time someone asks me this question, they think. I turn the question around and ask, “Is there a formula for creating wealth that never fails? If so, what is the formula? And how complicated is it? Only anyone with determination can do it?”
After months of deep thought and extensive research, I believe I know the answers to those questions. Yes, indeed, there is a formula for creating wealth, which never fails!
Before I tell you what a formula is, let me quickly explain the word formula because it holds the key to giving you a clear understanding of what I’m trying to share with you here.
A formula, according to an online dictionary, is a form of words, such as to express or communicate something with certainty or authority, to indicate a procedure to be followed, or to indicate the use of something.
In other words, it is a fixed or customary way of doing something; a rule or principle, a recipe or recipe.
By that definition, you get the idea that a wealth creation formula is a set of principles or prescriptions. So what is the formula now? It is a four-part process that, when combined, enables you to create wealth.
Here are four parts:
1. Make GOD your foundation
2. Find a way to start earning legitimate income with regular frequency and discipline yourself to never spend it all;
3. Learn the art of how to get paid for your service and
4. Focus completely on steps 1, 2 and 3, finding a way to make it better and better.
This is the formula. Now, let’s break it down. The first part is straightforward, isn’t it? It means that you make a decision to be in accordance with God’s word. This means you must know what GOD has said and be able to reconcile yourself to it.
The best way to achieve this is to be a serious student of GOD’s Word and, when you know what the Word says and are faithful to do it, you are laying a solid foundation for creating wealth.
For example, if your God is the one I serve, then you will be a faithful listener to what God has said and recorded in the Bible. A faithful and passionate doer of the Word is a sure candidate for lasting wealth.
That person alone cannot achieve full success. Thus the Word confirms this claim: “Do not let this Book of the Law depart from your mouth; meditate on it day and night, that you may do all that is written in it. Then you will be rich and successful. .” Joshua 1:8.
If you are hearing and doing the Word, this should make your heart sing for joy. Why? Because you just heard Him say it [hearer] And if you go now and do what the Word says, you’re done.
Then you will appreciate what the Word has promised. And my God never denies himself. He will do everything He said in His Word. Nothing is difficult for him.
The second part of the formula says to find a way to start earning legitimate income with regular frequency and never spend all of your earnings.
Usually, this doesn’t mean an income from a dream job or a high-flying career. We’re talking here about someone who is probably unemployed and has no clue where the next meal is going to come from or someone whose total monthly income is “nothing to write home about.”
The temptation for those who find themselves in this situation is to either become so desperate and desperate that they give up on life.
I must admit that this is a very difficult situation. But if you can just hold on and do what I suggest, you will not only find your feet, you will also be freed from the shackles of poverty.
All you have to do to overcome this challenge is to get up and find a good service that you can pay for someone that you will pay for it. And, whatever that thing is, make sure it’s legit.
Then when that effort starts generating some income, go one step further and discipline yourself not to spend all of your income no matter how little.
This is a very important component of the wealth creation formula. Most people do not pass this stage. They either get stuck with the meager work they do, which is their steady income, or they look down on the money they earn instead of thanking God for it.
But if you understand how this formula works, you will have a different mindset. First, you will understand that this is a temporary phase in your life. It’s not a place you want to stay too long.
All you want to do here is to earn some money that you can buy food for [not necessarily a regular satisfactory meal] and also some left to invest in self development.
To invest in your development, be careful in your choice. Here’s a secret I want you to learn. Acquiring a specialized skill that you can be very good at and using your knowledge to serve others is the best way to go.
For example, you know for a fact that there are certain things that people and companies will always pay others to do for them. Pick one of the things you love, learn how to do it, and then work to become the person who delivers the service better than anyone else.
If you can discipline yourself to do this, you are halfway out of poverty. Before I move on to the third part of this formula, I want to dwell on one more thing. Earlier, I didn’t thank you for the risk you take because of the little income you get from doing the wrong things in the second step of the formula.
Well, you really have to be careful about it. If you don’t allow a lack of gratitude to enter your heart, it will consume you so that you will not be able to own your progress. If you allow it to happen to you, you will be in deep trouble. So be careful!
Okay, now you’ve passed that first dangerous hurdle that many people stumble upon. In the third part of the formula, your goal is to hone your skills in order to get paid for your work again.
What does this really mean? Remember that you now have a skill? And have you honed that skill to the point where you can position yourself as someone who can do it better than anyone else? Now is your time to build a business based on that professional skill.
Once you’ve opened a store, being number one in your area of expertise doesn’t automatically translate to making your business profitable. This is another trap that often trips people who are just starting a business.
When most people start their business, they expect it to be booming. And they can’t wait to start banking their profits. But it never happens like this. And when it doesn’t, most people lose interest in the business and move on to other things.
To get this part of the formula right, you have to learn to be patient. And I can tell you from experience that this stage of the process leading to your financial freedom can be even more difficult than when you had to do odd jobs to generate cash flow.
A collection of all the lessons you learned in parts one and two of this formula is what you will rely on to help you get through the winter season that you will face in part three of the formula. face pass
There will be a new demand on you to learn other skills, especially skills like how to run a successful business, how to market your products and services, how to manage human and material resources and how to attract customers and keep them alive. please
Your ability to learn these things and develop them will determine how successful your business will be. But if you persevere and put everything you learn into practice, never compromising on integrity and ethical behavior in your business, you will reach a place where the profits you thought would be invisible or too late will be the order of the day. .
When you get to that point, all you need to do is apply everything you learned in steps 1, 2 and 3. But this time, you will do it better, smarter and faster. And the more you keep doing it, the bigger and bigger you will get.
That is my formula for creating wealth that never fails.
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