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Tuesday, October 6, 2009
Wealth Creation Cycle
The wealth creation cycle is just like any other cycle in life. Someone may achieve wealth at a certain point in their life, then all of a sudden they are back at square one. So many people do not realize that wealth is a cycle and you have to continue to work to have continuous wealth. Take Dave Ramsey for instance. He is the author of Total Money Makeover. He became a millionaire in his twenties, then he lost it all and declared bankruptcy. He said he was stupid and didn't do things right. Now he is a millionaire again and knows how to have consistent wealth by cycling his wealth. There are a lot of people like Dave out there trying to teach the public how to create this wealth creation cycle. If you fit into the category of someone that cant quite figure out how to develop this cycle, I would listen to those that do.
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