Nicholas Bate

The A to Z of Personal Wealth

Z is Zen and the Art of Personal Wealth

"Money is one form of power. But what is more powerful is financial education. Money comes and goes, but if you have the education about how money works, you gain power over it and can begin building wealth. The reason positive thinking alone does not work is because most people went to school and never learned how money works, so they spend their lives working for money."

Robert Klyosaki

The A to Z of Personal Wealth

Y is Yin and Yang

This letters reflects the complementary nature of true personal wealth:

Less is more. Often as we acquire more stuff, it's simplicity which makes us happier.
Now rather than later. Pension planning is good, but enjoy the moment.
Abstract rather than concrete. Relationships, health, time and empty beaches often bring more enjoyment untimately than the finest wines.
Giving rather than taking. One (even random) act of kindness can sometimes give more buzz than yet another well-brokered deal.

Enjoy your day.

The A to Z of Personal Wealth

X is multiply

Multiply your personal wealth by using more than one factor: what about if you really gave attention to your passion and applied some quantum thinking?

Quite: the effect should be remarkable. Re-visit The A to Z of Personal Wealth and do some multiplication.

The A to Z of Personal Wealth

W is Who?

As in who can help you? There's someone out there who is ahead of you on this Personal Wealth track and they would probabably be happy to help you. Why? Just because they would or maybe because you could offer them something in return. Seek out someone who can help you.

The A to Z of Personal Wealth

V is Vision

Stop chasing: start drawing. What's your vision? Take pencil and paper. A4 is a good size; turn it landscape and draw your vision; how do you want things to be in about three years time?

Your reaction to this exercise will be anywhere from 'easy' to 'impossible to do'. But it does seem to be very imporant to personal wealth to have a vision of what it looks like. So, give it some time but get it done.

The A to Z of Personal Wealth

U is Uncertainty

Can you guarantee anything? The stock market? Return on your property investments? Your spend rate when you retire at age 35? No. You need to live with a little uncertainty. Spread the risk. Don't shove all your money in pension funds. Don't go all the way on your buy-to-let stratgey. Don't rely on the sale of your business. Get a good mix. Minimise uncertainty, then get used to living with it.

The A to Z of Personal Wealth

T is Today

Today is a very good day to take an action. Perhaps open that savings account? Up your pension contribution? Scrap the pension and buy a property? Cut up a credit card? Read a book on the stock market?

Take an action, today.

Review the rest of the A to Z of Personal Wealth, here.

The A to Z of Personal Wealth

S is Success

It's very difficult to become personally wealthy unless you know what success is for you. Time to define it. What is success for you? Write it down, keep it close and read it every day. Without a target you can't hit it. With a target you are not necessarily going to hit the target: but you are a lot more likely.

The A to Z of Personal Wealth

R is RainMaker

The RainMaker is of course the guy who makes it happen. He brings the villagers rain in time of drought. He know there is always a way when things are difficult.

Be a RainMaker; you can sort your personal wealth. Simply start working some of these ideas.

The A to Z of Personal Wealth

Q is Quantum Thinking

What is Quantum Thinking? Small change in thinking/behaviour creates big result/s. Thus:

From spend, then save to save, then spend
Smaller coffee to go each morning. Possible saving 150 dollars/75 pounds/100 euros a year.
Use internet. 5 minute search to check pricing.
Never automatically re-new anything (e.g. insurance) without asking for lower price.
How can I earn money which is NOT connected to the hours I work?

You get the idea. Become a Quantum Thinker, especially where your Personal Wealth is concerned.