Money can create greater possibilities for you, but you have to be educated about it; you must be empowered. I learned that the hard way.
My father created immense wealth. He took the money he was given and he invested smartly. Throughout my life, I watched him generate ever-greater wealth and business success to become one of the wealthiest individuals in the USA. My father was a prodigy at making money. He was also a big spender.
I grew up watching my father continuously spend money on himself. He collected rare artifacts and pre-Columbian gold, and he had two huge closets that were outfitted like a fine men’s clothing store. He never refrained from buying something he wanted; he never said “no” to himself.
For many people trying to create greater wealth, a lottery win would be a dream come true. There is a common point of view that if you are given a large sum of money, you will continue to generate wealth forevermore. However, the sad truth is that 70% of lottery winners lose all their money within five years. Instead of using wealth to create more wealth, most people end up squandering their money and creating poverty.
I often say that it doesn’t matter whether you have been raised in prosperity or poverty – with a healthy approach to money, anybody can create wealth. As the lottery statistics show, an abundance of money is not the answer to wealth creation. Instead, I believe, prosperity comes when you have an abundance of...
We are taught to believe that wealth comes from having access to lots of money. But experience has shown me that this is not true. I was raised in a billionaire household and yet lived most of my early adulthood in deep anxiety about my personal finances. At the age of forty, I was a single mother with $2 million of debt and no idea of how financial systems work.
Living a life of prosperity – creating the right riches for you – has nothing to do with how much money you have around you. It is about having a healthy mindset and a willingness to create.
Of course, wealth creation is easiest if you have the right tools, so here are some that I believe are key to financial freedom. Most exciting, every single one of them is within your reach, right now!..