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Wealth Formula That Can Never Fail
Another question that keeps coming up in my interactions with my students this coming year is, “What can I do to earn a steady income and stop depending on people?”
Every time someone asks me this question, I think. I turn the question around and ask, “Is there a formula for creating wealth, that will never fail? If there is, what is the formula? And how difficult is it? Can anyone who is determined do it?”
After months of deep thought and extensive research, I believe I know the answer to those questions. Yes there is, indeed, a formula for wealth creation, that never fails!
Before I tell you what this formula is, let me quickly explain the word formula because it holds the key to your clear understanding of what I am trying to share with you here.
A formula, according to one online dictionary, is a set of words, such as to state or declare something with certainty or authority, to indicate a procedure to be followed, or to use something in a prescribed manner.
In other words, it is a prescribed or normal way of doing something; a rule or rule, a recipe or command.
With that definition, you get the idea that a wealth creation formula is a set of rules or recipes. So what is the formula? It is a four-part process that, when combined, can create wealth.
Here are four areas:
1. Make God the foundation
2. Find a way to start earning regular income and train yourself to never spend it all;
3. Learn the art of getting paid repeatedly for your service together
4. Concentrate fully on steps 1, 2 and 3 by finding a way to get better and better over and over again.
That’s the formula. Now, let’s break it down. The first part is straightforward, right? The point is that you have to decide to agree with what GOD says. That means you need to know what GOD has said and you can align yourself with it.
The best way to achieve this is to be a serious student of God’s Word and, as you come to know what the Word says and are willing to do it, you lay a solid foundation for creating wealth.
For example, if your GOD is the same one I serve, you will be a devoted listener and doer of what GOD says written in the Bible. A dedicated and passionate doer of the Word is a sure candidate for enduring riches.
That person cannot fail to have all the success. That is how the Word affirms these words: “This book of the law shall not depart from your mouth; meditate on it day and night, that you may keep and do all that is written in it; to be successful, to be successful; .” Joshua 1:8 .
That should make your heart sing for joy if you are a hearer and doer of the Word. Why? Because you just heard him say it [hearer] and if you now go forward and do what the Word says, you are a doer.
So you are worthy of what the Word has promised. And my GOD will never deny himself. He will do whatever He said in His Word. Nothing is impossible for him.
The second part of the formula is to find a way to start earning regular income and never spend all your earnings.
Usually, this doesn’t mean you’re getting a salary from a dream job or a high-flying flight. Here we are talking about someone who either has no job and has no idea where the next meal is going to come from or someone whose monthly income is “nothing to write home about.”
The temptation for people who find themselves in this situation is that they become tired and despair until they give up on life.
I have to admit that this is a very difficult situation. But if you can just persevere and do what I’m going to suggest, you will not only find your feet, you will also escape the shackles of poverty.
What you need to do, to overcome this challenge is to wake up and find a valuable service that you can provide to someone who will be paid for it. And, whatever that is, make sure it’s legal.
Then when that effort starts producing some income, go to the next step and train yourself not to spend all your income no matter how small.
This is a very important factor in the wealth creation formula. Most people don’t get past this stage. They even get stuck in this menial job that gives them a steady income or they look at the money they get with disdain, instead of thanking GOD for it.
But if you understand how this formula works, you will have a different attitude. First, you will understand that this is a temporary stage in your life. It’s not a place you want to stay for long.
The only thing you need to do here is earn money that will provide you with food [not necessarily a regular satisfactory meal] and that it remains for them to invest in their own development.
In your investment in personal development, be careful when making your choices. Here is a secret I want you to learn. Finding a special skill that you can master and use your knowledge to serve others is the best way to go.
For example, you know for a fact that there are some things that people and companies will always pay other people to do for them. Choose one of those things that you love, learn how to do it and work on becoming a better service person than anyone else.
If you can train yourself to do this, you are halfway out of poverty. Before I go to the third part of this formula, let me stress one more thing. Earlier, I showed you the danger of being ungrateful for the small salary you get by doing menial jobs in the second step of the formula.
Well, you really have to be careful. If you allow ingratitude to enter your heart, it will consume you to the point where you will not have the desire to develop yourself. If you let that happen to you, you will be in big trouble. So be careful!
Okay, now you’ve crossed the first dangerous hurdle where many get knocked down. In the third part of the formula, your goal is to improve your skill so that you get paid more often for your service.
What exactly does this mean? Remember that you now have a skill? And if you’ve managed to get to the point where you can position yourself as the one who can do it better than anyone else? Now is the time to set up a business based on that unique skill.
Being the first in your niche doesn’t automatically translate into your business turning a profit after you open up shop. This is another trap that often trips up entrepreneurs.
When most people start their business, they expect it to take off with a bang. And they can’t wait to start banking their profits. But it rarely happens that way. And when that doesn’t happen, many people lose interest in the business and wander off to other pursuits.
To get this part of the formula right, you must learn to use patience. And I can tell you this from experience that this stage of the process leading to your financial freedom can be more challenging than when you have to do menial tasks to generate cash flow.
The combination of all the lessons you learned in the first and second part of this formula is what you will rely on to help you overcome the winter season that you will encounter in the third part of the formula.
There will be a new need for you to learn other skills, especially skills such as how to run a successful business, how to sell your products and services, how to manage human and material resources and how to attract customers and make them happy in life.
Your ability to learn these things and excel at them will determine how successful your business will be. But if you persevere and apply everything you learn, never giving up on integrity and good behavior in your business, you will get to a point where those profits that you thought would never come or were long overdue will be the order of the day. .
When you get to that point, all you have to do is apply everything you learned in steps 1, 2 and 3. But this time, you’ll be doing it better, smarter and faster. And as you continue to do that, you will get bigger and bigger.
That is my way of making a fortune that never fails.
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