Understanding The Laws Of Wealth Creation Formula
For thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
In making wealth, there are five major areas that determines you getting the result you want. No just for obtaining money, but to know the process it takes to earn wealth. Today, we’ll focus on some areas of wealth creation, this include:
- The law of creative mentorship.
- The law of burning desire.
- The law of definite purpose.
- The law of richment.
- The law of entrepreneurship.
First we must understand law are set of principle that guide every basic of our existence of life. And in making wealth, we have to live by these laws, and to also sustain wealth we also have to apply these set of laws which differentiate what you want to be from who you are now. [Becoming A Ready Man For Leadership]
What Is Wealth Creation?
This process described by a few essential laws of money. If you live by these rules your chance of financial success is very good. And yet the majority of people will struggle financially as they go through life. Why is this?
You may have the desire to make more money and fulfil all your dreams, but if you don’t know how to get the process going, you cannot expect to achieve your goals.
Wealth creation has to start somewhere. Identifying where and how to begin is probably the most difficult step. But once you get the ball rolling it becomes very easy from there onwards. If you don’t have a definition how can you judge success?
In defining each of the laws of wealth creations, we’ll look at the following:
1. Law of Mentorship:
Why do I need a mentor over me to earn achievement in being successful?
This is because your mentor helps to guide you in accurate direction to go about your goals. Because they have also gone through same or similar process. This is to say;
When it comes to making wealth creation, you have to follow someone who is skillful, creative, talented to bring your ideas into reality. i.e. creativity is a channel of wealth creation. [ What Is A Mentor And How To Find Your Mentor ]
For someone to mentor you, there has to be relationship between the mentor and the mentee.
2. The Law Of Burning Desire:
In wealth creation, you need a burning desire to go towards achieving a result. A quickening from the inside towards your goals and dreams.
You are either inspire by the burning desire of your dream or the drive to go beyond that limitation of life. [Dealing With Conflict: Your Life Conflict It’s Just A Test]
Note: You need a motivating factor to create. The journey of wealth creation is a decision based on “Must.” a must based on acquiring that skills, building on your talents to create wealth.
3. The Law Of Definite Purpose:
Nothing in life is earn easily or forceful without a purpose to why you want to get what you want out of life.
In wealth creation, you must have a definite purpose of why you need wealth. As a matter of fact, wealth comes to those who strive towards it.
God said to Solomon, Because this was in your heart, and you have not asked riches, wealth, or honor, nor the life of those who hate you, neither yet have asked long life; but have asked wisdom and knowledge for yourself, that you may judge my people, over whom I have made you king: 12 wisdom and knowledge is granted to you; and I will give you riches, and wealth, and honor, such as none of the kings have had who have been before you; neither shall there any after you have the like (2 Chronicle 1:11- 12).
solomon ask God for wisdom. He was definate of what he needed wisdom for, and when God saw that he didn’t ask for other things, but wisdom with definite purpose. He grant him his desire, even to that which he didn’t ask
When we have definite purpose, not wavering purpose, we get definite result to obtain wealth.
4. The Law Of Enrichment:
The law of enrichment to wealth creation is a law of seed and harvest. After you have earn wealth, you have to learn to sow to others to enable them benefit from whatever amount of wealth you’ve attain. This is to say; “You should not be so concern about yourself alone, give back to the society will keep you ahead, – also improve your ideas about wealth.”
5. The Law Of Entrepreneurship:
In wealth creation, you must have a business to fall back to. This should be your source of creative resource and re-investing. Note that you business is first your number one priority of creating wealth. You can’t rely on working for someone alone and become wealthy, if you don’t have a source to put you seed to earn harvest, you may not earn the true taste of wealth creation.
Wealth creation is entrepreneurship. Using your business to solve society problems.