Wealth Creation

Wealth creation is one of our favourite topics and something that we take seriously in our own personal lives as well as our professional day to day lives.

In fact, a common saying around our office is that. . .

“is a wealthy person’s mentality” or “a poor person’s mentality”

depending upon what is being discussed.

The pillars, or foundations of Wealth can be summarised as:

At GGA we believe that you have a right to be wealthy and live a full and abundant life; and so we want to help you achieve this goal!

Creating wealth is a lot easier than most people realize.  It is a simply a matter of making your money and assets work hard to make more money.  You’ve probably heard it put this way:

“Poor people work hard for their money,
Wealthy people have their money work hard for them.”

It is not possible (for many reasons) for us to tell you what to invest in and neither would we want to.  Instead, we’d like to teach you the basic skills so that you are confident enough to do the right things for yourself and create your own wealth.

Wealth is often achieved through investing in:

  • Property
  • Shares
  • Businesses

Each investment class requires differing skills and knowledge, but all can be mastered with time, dedication, training and a belief in yourself and your right to the wealth and abundance that you desire.

We often say that investing in property is the easiest of all three because;

  • It is less volatile
  • It is more forgiving

So, even if you buy the wrong property, at the wrong time and at the wrong price. . . over time you will recover.  The same cannot be said for shares or businesses.

Buying assets is often for one of two purposes:

  • To generate growth in the value over time; or
  • To generate an income now.

A good investor may get both at the same time.

Real wealth takes time.  The best way to grow wealthy is still to put aside  some money from each and every pay packet (rent cheque, dividend etc.) and then invest that money wisely and carefully.  There is no magic in this approach other than the fact that it works!  I know, it is what we do for ourselves, and not just recommend to our clients.

In many ways, creating wealth and abundance is a simple thing to do that must happen if we follow 3 basic steps. . .

1.        Maintain the right mentality

  • Simply believe that you can be wealthy and that it is OK for you to be wealthy;
  • Simply believe that you can create wealth whenever you need to, or want to; and
  • Simply believe that you do not have to go without the things that you want along the way to achieve your wealth; and
  • Simply think about yourself as already being wealthy.

2.        Take Action

  • Develop and maintain your financial education. eg. through reading or finding a mentor
  • Set specific and detailed goals
  • Do small deals until you are ready to do big deals
  • Look for more deals – even if you’re not ready to do them.

3.        Review and Fine Tune

  • Can you measure your progress towards your goals?
  • Do you need to change what you are doing?
  • Can you do more?
  • Repeat Step 1.

Yes, it really is that easy!!  Just don’t stop believing and don’t stop doing!

Good luck and enjoy!!

For more information see: