June 17, 2008

How to Master Money & Wealth | Intro

Money is an emotional topic for a lot of people.  A lot of us worry about money - do we have enough to pay the bills? Will we have enough to retire?  A lot of people define their identity by the money they do or do not have. Research tells us that most fights that couples have are centered on finances.

Needless to say, money is an important topic.

For the past few years, and the last year especially, I have really focused on studying money and wealth.  I've read a dozens of books - from investing and money management to business development and wealth consciousness.  I've also been very fortunate in that I've had the opportunity to meet several millionaires and interview them on the secrets of wealth mastery.

Applying this knowledge in my life, I have seen a dramatic increase in my financial success and, in this series, I will venture to share the ideas that have been central to my improvement.  Take the advice I give with a grain of salt: I have the goal of becoming a millionaire and, as of now, I am only 10% of the way there.

What to Expect

There are both inner and outer laws that you must follow, if you are to be financially successful.  The inner laws deal with your thoughts and feelings about money.  They deal with becoming internally aligned with wealth.

You've heard stories of people who skyrocket financially in a very short term time and lose it all.  Take for example, someone who wins the lottery.  He works a regular 9-5 job and makes a modest income.  Suddenly, millions of dollars are thrust upon him.  A miracle, right? Well, not quite.  History suggests that within a few years, he will be back to his previous financial level.

Why does this happen?  The internal world of the lottery winner is incongruent with the outer world.  Over time, the external world adapts to match his internal world i.e. he loses the money.

The opposite effect can also occur.  Consider someone who is internally aligned with being wealthy.  They may make some mistakes on the external level and lose their money.  However, within a few years, they will rebuild their wealth.  Consider Donald Trump for example.  Here is a man who became a billionaire and then lost it all.  But within a few years, he became a billionaire again.  That clearly was not a matter of luck.

In this series, I will cover some the strategies to become internally aligned with wealth.  In addition, I will also cover some of the outer laws of wealth such as saving and money management.

Incorporating both the inner and outer laws of wealth, you can, with some diligent work mind you, master money and wealth.

In the next post, I will begin by outlining one of the first principles for financial success: financial awareness.

This post is part of a series on mastering money & wealth:

  1. Intro
  2. Raising Your Financial Awareness
  3. Commitment and Focus
  4. Wealth Mindsets
  5. Clean Up Your Limiting Beliefs About Money
  6. Generate a Higher Income By Creating More Value
  7. 25 Ways to Create More Value
  8. Create Multiple Streams of Income
  9. The Key to Financial Freedom
  10. Money Management
  11. Summary and Resources

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This entry was posted by Anand Dhillon and is filed under Money & Wealth

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[...] Anand presents How to Master Money & Wealth: Intro posted at Anand Dhillon.com, saying, "A complete series that covers how to master money and [...]

June 22, 2008
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Carnival of Financial Learning #4 | Financial Learn @ 9:09 am

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June 27, 2008
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July 10, 2008
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How to Master Money & Wealth | Summary and Resources @ 12:38 pm

[...] Intro - Setting the background for the series. [...]

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March 19, 2009

debtconsolidation @ 6:52 pm

You really made my day with this post.