Wealth is defined as the abundance of valuable assets or money. The assets can vary and are often a mix, but most will agree that having more liquid assets is important to securing financial well-being and wealth.
Liquid assets are anything that can be quickly exchanged for legal tender because at the end of the day, it’s the money that is needed and most institutions will focus on your liquid assets when assessing whether to do any business with you.
Wealth brings financial security and freedom from want which is why people pursue or do their best to understand how to become wealthy. But if there are so many people doing their best to become wealthy, how come so few people ever do become wealthy? Why does it seem so elusive, hard, or unattainable?
Why So Few People Become Wealthy
In order to become wealthy, you have to first understand why you aren’t yet. It’s simple because you’ve not accepted it yet. Wealthy people have accepted wealth and it has come to them. They have unlearned all the blocking thoughts that hinder a lot of people. They have unlearned those discouraging and negative messages about wealth that most people carry around and most importantly, they have learned to love wealth.
Wealth is a state of mind. In order for you to have anything you desire, you first need to feel good and positive about it. Wealthy people feel good and positive about their wealth. They feel they deserve it and should have it. They feel it is easy for them to attain and that they easily attain it. They feel there is more than enough of it to go round and more, that wealth is absolutely abundant and easy to get and receive. They believe that they have a share of wealth too.
If you really want to connect to your own wealth reality, then you need to unblock and unlearn the hindering thought processes.
How to Build Wealth
Wealth is the abundance of money or valuable possessions. You will first need to be okay with having this abundance before you will see all the ways that you can make it and most importantly successfully and honestly receive it.
It is important to focus your wealth creation on good things. There are more than enough good ways to create wealth. Good ways are the honest ways that improve the lives of all people affected, promote fairness and responsibility. They are the ways that offer the best services to customers and treatment of employees.
Focusing on fairness gives you peace and security with your wealth. It is very strange for wealthy individuals to build walls that keep them away from the world around them. Instead, they use their wealth to become a patron of some aspect of their society such as improving streets, housing, landscaping, or services to ensure equal and best access for all. Such an approach protects your own children or even yourself in the event that you lose some investments or you hit a money block, your standard of living won’t fall too far because you’ve invested in improving the standards around you.
Build wealth by focusing on creating good and wonderful things that improve everyone’s standard of living.
Wealth is an attitude. You first have to have a good attitude towards wealth before you will ever successfully create any; otherwise, you’ll only ever see blocks or do so using greed or unfortunate means which always ends badly in loss of money or your freedom.
Once you’ve accepted, move on to understanding how you can improve people’s lives. This will open you up to all the available possibilities such as purchasing commercial real estate that you can develop into a beautiful sustainable building that will add to the beauty of the city and improve the lives of the people it will serve. Clean, beautiful spaces have been shown to improve the well-being of people that frequent them.
Let’s assume your commercial space is an outdoor shopping center. With a beautiful design that caters to pedestrians and festivals, you’ll have created a space people love to visit which will mean more money for you.