5% Of The Population Holds 80% Of The Worlds Wealth
Seriously, you must have seen this statement a couple of times already. You probably have seen this in so many years, yet fail to understand why is it that ordinary people can achieve greatness in a matter of years.
If you are serious about transforming debt into wealth using a proven system, then let me assure you that you are truly blessed today. More than 68% of all American households have an annual income that earns less than $30,000 a year. Why not earn double or even triple of that!
Step 1: Conquering The Fear Of Debt And Money
Your first task is to be able to overcome the feelings of fear in your mind when you see the bills come in. It makes your head ache and your heart pound faster. Nevertheless, keep this in mind. You are still alive and that means you have the capability to change your situation for the better.
God has entrusted every human to a task in this world and it is a command in the Bible to “be fruitful and multiply”. Therefore, if you have a debt try to be creative in clearing your highest interest rate debts first.
Step 2: Time To Manage Your Time For More Money
If you work on 60 hour weeks or more than I can understand where you are coming from. My friend has this kind of schedule but he’s serious in transforming debt into wealth and has a plan.
All it takes is some research in what you can do to increase cash flow. Here’s a few suggestions:
offer your neighbors weekly tuition for their kids on math
start a small business part time online
invest in a small investment fund that generates cash flow (oil and gas are popular)
Step 3: Learning Your Way To Success
Even though you might think that getting another degree or PhD certification is the key to earning a higher income, we will not discuss about this. There are many other articles talking about this but I’m going to point a different direction to you.
Some of the most successful people actually invests their time in reading books. Books that teach them how to generate income or improve their personal skills or development. My point is either you improve your mind or you stay on a plateau in your life.
In all of the steps above, probably the best advice that can help transforming debt into wealth very quickly is in step 3. You can invest in a business but it is really knowledge that will turn your future around. Oh yes, step 1 is important too. Every wealthy person first has a strong emotional control.