Advice from Leading Wealth Builders
Dave Ramsey, Author of The Total Money Makeover
First, establish a $1000 emergency fund, second, eliminate all debt, third, create a cash account with three to six months worth of living expenses. After these three steps, Mr. Ramsey recommends a diversified investment strategy. Click here to read his recommendations from daveramsey.com.
T. Harv Ecker, Author of Secrets of the Millionaire Mind
“I too encourage you to work ‘or yourself.’ Start your own business, work on commission, get a percentage of revenue or company profits, or stock options. Whatever your vehicle, make certain you create a situation that allows you to get paid based on results.”
“If you don’t have a brilliant business idea, not to worry: you can use someone else’s. First, you can become a commissioned salesperson…. Second, you can join a network marketing company…. If it resonates for you, network marketing can be a dynamite vehicle for wealth. But, and this is a big but, don’t think for a minute that you’re going to get a free ride. Network marketing will work only if you do.
Secrets of the Millionaire Mind, pg. 127
Donald Trump and Robert Kiyosaki, Authors of Why We Want You to Be Rich
Why We Want You to Be Rich is filled with stories, concepts and teachings from two of the most successful businessmen of our time. In the final chapters of their book, Kiyosaki and Trump recommend the following three strategies for wealth building.
- Invest in Real Estate – the obvious recommendation from two of the most well known real estate investors in the world
- Build a Network Marketing Business – low cost to get involved, franchise-like systems, mentors to assist and great profit potential
- Start Your Own Business – for those with new ideas or a better way to do things. The risks are there but the rewards can be too
Applying the Advice of Leading Wealth Builders
It doesn’t matter which vehicle you choose, but choose one and get started. You don’t have to be good to start, you just have to start to be good. There is no shortage of information about creating wealth through financial investment, real estate investment and building a traditional business.
The Direct Selling Association (DSA) is the national trade association of the leading firms that manufacture and distribute goods and services sold directly to consumers. More than 200 companies are members of the association, including many well-known brand names. If you want to consider building a business with the help of an organization that already exists, this is a good place to start. Their Web site is www.DSA.org.