These Are The 8 Steps To Creating Long-lasting Wealth

Many people in our world today want to become wealthy and financially free but they do not know how to.

Those who do know fail to act on what they know.

The words ‘wealth creation’ implies that wealth has to be created.

Any creation requires a creator, raw materials, and a process, and so also does wealth.

If you want to create wealth for yourself that will transcend generations, these are the 8 steps you must follow.

1. Discover your gift/talent/potential

I want you to ponder on the following.

Your gold is tied to your gift.

Your treasure is tied to your talent.

Your profit is tied to your potential.

The first step towards wealth creation is discovering what you have in you.

No one is born empty, we all have at least one gift, talent or potential that can be discovered, developed and deployed to create wealth.

So instead of roaming through life aimlessly and hoping for a lucky day, take the time to look within yourself and find out what you can offer.

If it is your desire to create long-lasting wealth, you must concentrate on discovering what you have.

2. Discover your target market

Every gift, talent, potential, product, service, etc. have a market.

After discovering what you have, the next thing to do is to discover who needs it and where you can find these people.

Money flows in exchange for value, therefore, people will be willing to pay you as long as you can give them value.

You also need to understand that your network is your net worth, so the bigger your target network, the greater your income.

3. Develop your product/service

As I mentioned earlier, money only flows in the direction of value, so in the marketplace, if you have nothing to offer, you cannot get anything back.

Without a product or a service, you cannot create wealth because you are not bringing anything to the table.

Look in introspect, carry out a SWOT analysis and keep going until you can come up with products and services that will be valuable to your market.

Doing this successfully is the key to creating wealth.

Are you offering solutions, solving problems or answering questions? Then you are already creating wealth.

4. Develop your business uniqueness and packaging

Once you have discovered what you have, have figured out your target market and have come up with products/services, the next step is to develop your uniqueness and packaging.

Package your products/services in such a way that they will be appealing to your target market so that you can get your own chunk of the market.

Your uniqueness is what separates you from others in the market and your packaging goes a long way in determining your patronage.

5. Publicize your product/service

A product without publicity is like winking in the dark and expecting a response.

Good product + no publicity = bad sales

Bad product + good publicity = some sales

Good product + good publicity = great sales

You need to maximize every opportunity you have to let people know about your products and services.

6. market your product and service

Publicity is one thing, marketing is another.

In order to create wealth, you do not just publicize or make noise about your product/service, you also need to create strategies and structures to market them, and make sure people pay for them.

If people are aware of your products and services but cannot access or see them to buy then you will not make sales.

There are adverts that have become like nursery rhymes but getting the products to buy is something else because they are not widely spread.

Ensure that you market your products and make them available for people to buy.

7. Manage your cashflow

It is not how much you make that matters but what you do with what you make.

A lot of people make money but due to improper money management, they are not able to multiply their money or create wealth.

If you want to learn how to make, manage and multiply money, then get my book The Pathway to Wealth or get any of my CDs on wealth creation.

8. enjoy your wealth

It’s such a big surprise that many people will labour to create wealth and still find it difficult to enjoy their wealth because they have become addicted to labour.

I have seen people lose their health in pursuit of wealth only to start trying to use the wealth to buy back their health.

Enjoying your wealth is a way to perpetuate and preserve wealth because it will give you peace and comfort to keep moving.

So eat well, rest well, exercise regularly, go on holiday, learn to relax, etc. so that you can really enjoy your labour and sweat.

Do not die before your time, lest others eat the fruits of your labour.

keep your dream alive.