How To Build wealth Starting From Zero

A Man was born to be rich, or inevitably to grow rich, through the use of his faculties.

Ralph Waldo Emerson

How_to_build_wealth

What does it take to build wealth from scratch?

Is it possible to build wealth even if you don’t have money?

Is it possible to become wealthy even when you are barely able to pay your bills? 

Is it possible to go from  an unemployed person, someone who does not know where the next meal will come from and getting rich

 

These questions about building wealth are important. Because this may be your financial  position today . or you may know someone is broke and is wondering if it’s possible to bounce back financially

 Yes, you can build wealth starting from zero.

 You can build wealth from scratch. Because every year,  individuals from humble background are joining the rank of self-made millionaires globally

 

In  1964, a couple started a company that now owns one of the largest chains of filling stations in the United States of America.

The couple spent $5000 to lease an abandoned service station in Watonga Oklahoma an hour Northwest of Oklahoma City.

Over the last 40 years, the Love County Stores now has 3000 filling stations in 39 states and more than $24 billion in sales in the US

 

Tom and Judy Love have amassed  a fortune with a net worth of $3.6 billion according to the forbes.com list of 400 richest Americans

 

By the way, Trudy and Judy are septuagenarians, and they enjoy a real life.

You would not know that this couple is wealthy if you came across them in the mall.

 

Maybe you don’t aspire to become a billionaire like the Loves you may just want to become financially independent.

You may just want to become financially independent because you don’t wish to worry about having enough money when you retire. 

 

No matter your circumstance you need to start your journey from where you are right now to where you wish to be before you can become wealthy

 

There are four steps you must take to  build wealth from zero

 

Step #1 Determine the income you need to live your dream lifestyle

 

Albert Einstein said imagination is better than knowledge. To become wealthy, you must be a dreamer.

You must dream about how rich you want to become. The best way to make your dream real is to visualize yourself as if you already wealthy.

To do this, you must come up with an income you’ll like to earn

 

Step #2. Determine how wealthy you want to be in the future

The next thing you wish to do once you have come up with your ideal income is to figure out how much net worth you want to accumulate.

 

The best way to calculate your net worth is to calculate the amount of asset you need to acquire that will earn your ideal income

 

Those are the first two steps to building wealth from scratch. These two steps require setting goals.

 

A goal is a dream with a deadline. In other words, a goal is the bridge between your vision and achieving your goals.

The best way you can learn how to improve your goal setting by practice

 

What are you waiting for now?  Start with the first two steps  to building wealth from scratch today

 

 


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