How to Create Long Term Wealth


Visitors: 217

“Everything we would ever need to become rich and powerful and sophisticated is within our reach. The major reason that so few take advantage of all that we have is simply, neglect. ” -Jim Rohn

The better question might be how not to create long term wealth. There are number of great opportunities out there for investors, new and old, to create and continue to build wealth well into their retirements.

There are several factors which seem to make investors veer from the path and find themselves not creating wealth but creating debt. Below are several common mistakes and a few great guidelines to follow as you beginning your investing adventure into creating long term wealth.

Know Why – It is important to know why you are investing. If you do not have goal how can you ever reach it? Once your know your reason, ask yourself “is your current technique working?, is it safe?, and can I increase my profit?”

Start Small – Most people jump head first into trying to create long term wealth. People will literally mortgage their house, to have large capital to buy stocks with. Most people do not realize that for $1000 dollars you can create long term wealth. There is no need to sell a kidney or take money out of the kid's college fun.

With a $1000 dollars you can invest in low price stock. If you invest twice a year for even a short amount of time, you are already on your way to creating long term wealth. Each time you invest your rate of return will be double. In 5 years, with the right investments, you are going to near a million dollars in net worth. If you can only afford to invest once a year, that is all right, you will have to wait nine year to become a millionaire.

Avoid Stock Obsession – Your investment portfolio does not have to be monitored all day everyday. Once a established, a check up a couple of times a month is just fine. Obsessing over stocks is just a waste of time, go out and have yourself drink!

No Gambling – If you do not know why you are buying, what you are buying, or how you are buying – then don't. Unless you have some pretty solid research, you have no business gambling your hard earned money away on stocks you know nothing about. Remember the goal of investing is to build long term wealth not debt.

Building long term wealth is not hard but you have to stay on path and not get lazy. While it is fine to seek out advice from family and friends to not substitute their judgment for your own. It is your money. It is your choice, and it is your responsibility to secure your future wealth.

Visit the Global Investment Institute and signup for our free Investing For Beginners E-Course at

Investment webmasters or publishers, please feel free to use this article provided this reference is included and all links remain active.


Article Source:

Rate this Article: 
Ebook Secrets - How to Create Unbelievable, Long-Term Profits From Ebooks!
Rated 4 / 5
based on 5 votes

Related Articles:

Fast Tactics For Long Term Forex Wealth

by: Tyler Ziggler (June 25, 2008) 
(Finance/Currency Trading)

Financial Planning for Building Long Term Wealth

by: Natalie Aranda (September 17, 2006) 

Entrepreneurs - 3 Ways To Profit From Your Website And The Secret To Long Term .

by: Yaro Starak (June 01, 2005) 
(Internet and Businesses Online/Internet Marketing)

Apartment Investing For Long Term Profit - Appreciation and Wealth Creation

by: T. Karsch (August 20, 2008) 

How Can We Create a Long Term Change?

by: Deepak M (May 31, 2008) 
(Self Improvement/Coaching)

How You Can Use Rehab, Refinance and Cash Out as Long-Term Wealth Building Real .

by: David Neese (January 06, 2006) 
(Real Estate)

Forex Trading - 7 Tips To Make Money Fast and Build Long Term Wealth

by: Sacha Tarkovsky (March 21, 2007) 

Create Long-Lasting Wealth with Simple Home Business Solutions

by: Chris Robertson (January 26, 2007) 
(Home Based Business)

Create Long Term Memories With Your Wedding Guest Book

by: Chris Ryerson (September 05, 2006) 

Ebook Secrets - How to Create Unbelievable, Long-Term Profits From Ebooks!

by: Fabian Tan (August 09, 2008) 
(Internet and Businesses Online/E Books)