Thursday, April 16, 2009

Wealth Building Secrets

I want to welcome you to a new and revolutionary look at wealth building that transcends any economic swing – positive or negative. I want to share with you the fundamentals of how a free market economy, such as that which we live in, has the potential to produce wealth consistently if you are able to both see and, in a timely fashion, seize the abundance of opportunities that are constantly created.

Wealth building starts with a shift in perspective that requires a close examination of how the entire system works. Once you understand the rules (allowances and restrictions), and the nature of the economy it becomes easy to master over time.

This starts with understanding the foundation of our economy which you can find in Adam Smith’s 1776 masterpiece, “An Inquiry into the Nature and Causes of the Wealth of Nations.” Without getting into a long winded economic explanation of what a free market economy is based upon, it can be summed up in three major points:

1. It allows competition domestically and is open to trade with the rest of the world
2. It has institutions that make an economy work
3. It has a judicial system that enforces the rights of ownership

In the coming weeks, I will explain exactly how to employ these fundamental rules to creating an abundance of wealth through business ownership, real estate investing and securities investing that can be passed on from generation to generation.

To understand the nature of free market economies and how wealth is developed requires you to tap into your primitive survival mindset. It requires you to understand that “the market” like nature can provide everything you need to flourish, but “the market” just like nature is unforgiving if you do not pay attention. Mistakes can be catastrophic if you do not respect the power of the market.

Alan Greenspan summed it up best in this quote:

“Market economies have succeeded over the centuries by thoroughly weeding out the inefficient and poorly equipped, and by granting rewards to those who anticipate consumer demand and meet with the most efficient use of labor and capital resources.”

We are about to witness the greatest transfer of wealth in US history. For those who have the courage and tenacity to succeed, I will be offering - from my personal experience and the experience of others - tips, secrets and opportunities to be on the receiving end of this massive shift of wealth. I welcome any and all questions or comments and look forward to sharing with you.

3 comments:

  1. Greetings Heru Nekhet

    Nice looking blogsite. At least I will be able to visit it more frequently than I can to some of the workshops.

    Take care,
    bometernally

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  2. Heru,

    I agree with bometernally. Your blogsite looks great!!!

    Your blog is a great idea for a couple of reasons: 1- since many of us weren't interested in economics 101 either in high school and college, it's educational and can reduce or eliminate the mystique that surrounds the economy. 2- it allows for a discussion of issues and sharing of ideas pertinent to the economy on a large scale, and 3- it is fun to make sense of what's happening with the economy and the associated politics.

    My question, perhaps a bit premature in view of your stated agenda, is how can we predict and identify the current trends in business and real estate that can lead to financial wealth (for any of us)? What suggestions or predictions can you offer at this time?

    I look forward to your response and I will encourage others to check out your blog.


    Docgloria

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  3. Thanks for the comments.

    I will be covering in upcoming writings specifics about market trends and how to capitalize on them. First, I want to stress how important it is to understand how the system works and the historical trends that have occurred. This will make it easier to identify the somewhat predictable cycles that the market goes through, the responses that consumers have to these changes, and the innovations needed to keep you in front of the changes.

    The best piece of advice I can give you right now, in a few words, is invest in the inevitable before it becomes common.

    ReplyDelete