Creating Wealth

by David George

The tricky thing about creating wealth is that once wealth is obtained it is too tempting to spend it. Our consumer society has conditioned us that the only useful purpose for money is to spend it. Unfortunately that totally neglects the idea of investing money which is certainly a useful purpose. I’ve discovered (along with millions of others) that invested money produces more money if given time. Thus the Proverb: “…he who gathers money little by little makes it grow.”

Perhaps the first step in creating wealth has less to do with actions and more to do with our mind. We actually have to reprogram our minds away from the consumption mentally. Not that consumption is bad, but we need to do all things in moderation. Typically we do too much consuming and too little investing and giving.

If you think that this is good for everyone else in country to hear except you, figure out as a percentage of your income how much money you invest, give and consume. The results might surprise you.