Speaking about Building Wealth

Why Do We Want to Build More Wealth?

Building Wealth - Patrick SnowBuilding wealth is the key to obtaining the three things most people want:

  1. More time
  2. More money
  3. More freedom – the freedom you need to realize your destiny

In order for me to reach my destiny of helping others, I will need to become more diversified and increase my wealth at the same time.

Many people overlook the importance of diversification. Remember that from an investment standpoint, at no time should you put all your savings into one stock or one specific investment. With this in mind, why would you only have one source of income – your job?

When I ask this question, some have replied to me: “What would my employer think if he knew I had additional sources of income coming in?” My answer is this, don’t tell your employer what you are doing in your home-based business.

Secondly, make certain that your own business does not interfere with your day-job. Keep in mind that many presidents and CEOs are compensated one way or another by being on the board of directors of companies other than their own. I believe that they do this primarily (among other reasons) for income diversity – so should you.

Remember that your employer does not own you, he employs you because of your skills.

You must diversify…

…whether it means taking a second job, starting your own company or opening a home-based business. Only then can you begin the path to true financial freedom and wealth and move rapidly toward your destiny.

However, to put wealth in a different perspective, I do want to warn you to stay away from the trap of materialism (trying to keep up with the neighbors). This can be catastrophic over time. It was Socrates who said:

“He is richest who is content with the least.”

I challenge you to focus your energies each month on always improving your wealth-creation blueprint. If you do this, your debts will slowly decrease and your assets will gradually increase. Over the years, through proper execution of the wealth principles, your financial challenges will be minimized.

The Key to Building Wealth

Key to Building Wealth - Patrick SnowThe key is to soul-search for your inner passions, then turn these passions into an opportunity or business that you can own. When you are doing what you love, you will never have to work another day for the rest of your life.

This will free you up to more thoroughly pursue your destiny and experience more time, more money and more freedom as a result.

Doing what you love (in the context of building wealth) reminds me of what two-time Race Across America (RAAM) winner and million mile bicyclist Danny Chew said after winning this event:

“When you are doing something that you love, there is a seemingly endless flow of energy coming from within your heart that gives you the ability to accomplish anything that your desire.”

For Danny, this belief allowed him to win the RAAM on two separate occasions – riding 21 hours a day for eight straight days. If you, too, started doing what you love, what would your seemingly endless flow of energy allow you to accomplish?

**This is an excerpt from my book: “Creating Your Own Destiny”

As a Motivational Keynote Speaker, I can speak on this subject or adapt my subject to your audience.

Contact me the next time you need a speaker for your event.

 

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