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The number of people who don’t dream of becoming wealthy are few and far between. While money isn’t everything, it sure does make life easier. Having too little or too much money both create problems to deal with, but wouldn’t you rather have problems with too much money? I’ve looked all over the web at different methods or claims of creating wealth. It’s ashame that there are so many people out there who are using the method of telling someone how to become rich to become rich themselves. Grounding ourselves in the founding principles of our company, trust & truth, I cannot tell you any guaranteed way to become wealthy. Quite honestly there is no magic formula for doing so because every one will have unique experiences in their individual circumstance. That said, I’ll share with you the techniques I’ve used to construct my own wealth plan. It’s something I’ve created an acronym for: LACED™.

The LACED principle™ is fairly straightforward. LACED™ stands for:

Leverage

Automated

Compounding

Ethical

Duplicatible

If you create a plan using all of these principles, you’ll likely have a strong plan.

I’ve heard many wealthy people speak about leverage. Basically you’ll want to use as much leverage as possible to build wealth. You can do so by utilizing vehicles that allow you to control large assets with smaller assets. Some examples of this are, buying an investment piece of real estate with 10% down. This is incredible leverage if you think in terms of the fact that you can control $180,000 worth of property for $18,000. In some cases you may be able to control real estate with absolutely no money down! Another example would be buying stock options. In this case you purchase the right to buy or sell stock but not the obligation. This is a highly risky proposition and should not be tried without extreme due diligence and some understanding of how options work. Suffice it to say that with options, you can control 100 shares of stock (1 contract) for a small fraction of the price of the underlying security. By the same token, a small movement in the right direction on the underlying security can magnify the value of the option considerably.

Next, you should try to automate as much of your plan as possible. Anything that doesn’t require you actively working on it will free your time to build greater momentum towards your wealth goals. The internet has greatly enabled strides in this way. Consider how quickly you can buy and sell stocks online, research real estate information, or even sell products completely online through an automated payment process.

Compounding is one of the most powerful tools we can use to build wealth. There are a lot of different strategies for compounding. You may want to reinvest profits in your business to grow the business larger. You may reinvest your returns in the stock market to grow your portfolio more quickly. The more you are able to make your existing assets work for you, the faster you will propel yourself towards wealth.

Some might say that doing things ethically is more of a moral choice than an actual tool for wealth creation, but I will counter with the fact that every major religion on earth I’ve studied has in some way said what goes around comes around. In other words if you cheat, eventually you’re going to lose. Deal with everyone honestly and you’ll get wealthy faster. An interesting take on this is something many people won’t think about. When you don’t have a lot of cash, you don’t want to spend money on CPAs, Attorneys or other professionals to help you grow your wealth. You’d like to have their service but don’t want to pay the price. This isn’t ethical. You wouldn’t want to give your labor away, and yet you feel they should. This is where those ethics are really going to make a difference! You get what you pay for and if you try to be cheap you’ll very likely get cheap advice.

Finally, you want to make sure the core components are as duplicatable as possible. If something works one time, it may get you a large gain, but if it doesn’t work twice it may give you a huge loss the second time around. I’ve had a lot of my mentors tell me that a lot of small gains are much better than having one big homerun. Find things that leverage, compound and are as automated as possible and then pick those that are duplicatable and you will have an astonishing wealth building machine in place.

I hope you can take this lesson and build your own wealth plan with it. It may sound vague and it is, but I believe it holds all of the secret ingredients you’ll need to work your way towards having your wealthy future all LACED up!

All the best to you!

Bill White is one of the nations top E-Business Coaches and is the world’s #1 Synchronicity Expert. His techniques will unlock the Hero or Heroine in YOU! Bill is a contributing author in 101 Ways To Improve Your Life Volume 2, co-author of the soon to be released Enthusiasm Day by Day as well as the host of Success Radio 11:11. ( successradio1111.com successradio1111.com)
Bill has a Newly released and free course called, “Discover Your Destiny” that will help you transform your life AND he will give you a free 10 minute Success Assessment by quickly going to:
synchronicity-expert.com/ synchronicity-expert.com/

Do you have a 401(k) retirement account? Are you vested yet? Before you move on to your next job, it is critical for you to find out if you are fully vested in your retirement account before you make the move. If you are not, you could lose hundreds if not thousands of dollars in employer contributions.

Vesting refers simply to the non-forfeitable percentage of your account’s assets. In other words, whatever you contribute to your 401(k) plan is always yours to keep including any rollover money.

If your employer contributes to your plan, a vesting schedule for the employer’s contribution is part of the plan. This schedule ties in a non-forfeitable percentage to the employer’s contribution for each year of service until you are fully vested – 100% – in the employer contribution.

Vesting schedules vary with the employer. A sample schedule could include you being fully vested after three years of service. After year one the schedule may have you one third vested; after year two you could be two thirds invested; finally upon your third anniversary you would have full entitlement to your employer’s contributions, thus you would be 100% vested.

In all cases, upon leaving a company your contribution and any rollover funds are yours to keep. However, depending on your employer’s vesting schedule only a percentage of the funds contributed by your employer may actually be yours to keep. If you leave before you are fully vested, you stand to lose a significant amount of money. Thus, it behooves you to calculate whether the financial benefits of the new job outweigh any potential loss of employer contributions to your 401(k) account.

Matthew Keegan is the owner of a successful article writing, web design, and marketing business based in North Carolina, USA. He manages several sites including the corporateflyer.net Corporate Flight Attendant Community and the aviationemploymentboard.net Aviation Employment Board. Please visit thearticlewriter.com The Article Writer to review selections from his portfolio.

Cash rebate credit cards are just one of the many types of credit cards offering rewards. The credit card companies are in great competition for business and by offering rewards they hope people will choose their card over another. Cash rebate cards are considered the best of the reward cars because they actually pay cash as a reward for using them. Everyone loves getting money and the credit card companies have realized that offering cash rebate credit cards are a very good way to lure customers to choose their credit card.

The first cash rebate credit cards were offered by Discover. Discover’s ‘Cashback’ program rewarded consumers for the purchases made on their Discover card by letting them earn actual money back. Once other companies saw the popularity Discover gained form this program they begin to offer their own cash rebate credit cards.

Cash rebate credit cards work by figuring a percentage of each purchase made into the cash rebate. Of course, the credit card company is not going to give a person back the amount they spent, but rather they figure a percentage and that is the actual rebate. Some cards have teamed up with certain companies so that purchases made form these companies offer a higher cash rebate percentage. This not only benefit’s the credit card company, but also those stores they team up with as people are more likely to shop there because they get more cash back on those purchases.

Cash rebate credit cards seem like a great idea and many people have gotten them simply for the reward. However, they are still a credit card and that fact can sometimes be overlooked. It is often tempting to use the card just to get the reward which can lead to overspending. This is especially true when it comes to partnership between a credit card company and a store. A person may shop at that certain store just to get the higher reward percentage, but they might lose out. For example, a person buys socks from the credit card partner vendor for $4 and they get a higher rebate percentage which equals $1, which make the final cost $3.

The problem is that they could have shopped at a different store and gotten the socks for $3 with a lower rebate percentage which equals $.30, which makes the final cost $2.70. They ended up spending more, even with the higher rebate percentage. This type of shopping for rewards is what leads to problems with this type of card. This is the reason that getting a cash rebate credit card requires good credit. These cards are very selective and a person should have a good credit rating in order to be approved.

Cash rebate credit cards can be a nice way to earn some money back on spending. However, the bottom line is that a person needs to think about how much they are spending, not about how big the reward they get will be. This will help a person to use their cash rebate credit card responsibly.

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