Money is simply a measurement of the value we bring to the marketplace and to the world. Wayne Huizenga, who founded Blockbuster Video, put this very clearly: "Money is a convenient means of keeping score." The more value you create in your market, the more money you make; the more money you make, the more you can give to others.
To increase your wealth, keep asking yourself: "How can I create more value for people?"
Almost everyone wants more income, and many people succeed in getting it. People launch their own business because they think they are going to make more money. But there's no amount of income that you can't outspend. Some CEOs and business owners are living paycheck to paycheck just like their assistants. So it's not increasing your income that's important. It's increasing your net worth so that it changes your world. That's what I mean by wealth, and that's the real goal.
To reach that objective, we need two pieces of information:
Where are you now financially?
Where do you want to be in the future?
Below is a simple financial statement. Write in today's date, and then fill out the statement to the best of your ability. Be honest, so that you have an accurate assessment of where you really are. Remember that assets are what you own, and liabilities are what you owe. When you've listed both these categories, subtract the liabilities from the assets to come up with your current net worth. Of course, if you have ...