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Wealth Building 101: The first step in your Perfect Wealth Formula

Posted on Monday, March 29, 2010 in Financial Education, Money Smart Skills

The first step in your perfect wealth formula is to have a dream. Wealth = Achieving Your Dream! Without a dream to focus on, the chances are you will never do the other steps required in the perfect wealth formula. So let me ask you a few questions.

First, what does wealth mean to you? What is your dream, your definition of wealth? Wealth is something different to each person and it goes far beyond money.

For instance, I have achieved my dream to have my own farm, now I find myself dreaming of improvements. Yesterday I had an automatic gate opener installed at my property entrance.

This made me feel very wealthy. Why? Because I dreamed about it. I love my farm but I hated wrestling with the gate. The pleasure I get from watching that gate swing open and closed while I sit in the comfort of my vehicle keeps me focused on what I love in my life.

Focusing on what I love keeps me working my perfect wealth formula.

Second, do you focus on what wealth means to you or do you try to meet expectations of others? When you try to keep up with the Jones there can be no perfect wealth formula. Wealth has to spring from your heart alone. A perfect wealth formula starts with connecting to your greatest heart desire!

I was visiting with a friend of mine the other day and we were talking about her dreams. She never mentioned money. She spoke with deep passion of her desire to own, train and ride an Olympic level dressage horse. Yes, that will take money but her desire was not for the money but for the experience. Her desire will drive her to seek her perfect wealth formula.

So here is the way to successfully work step 1 in your perfect wealth formula.

Get clear on what you really want in life and be willing to do whatever it takes to get there.

Write your dream down and make a plan to achieve it.

Ask yourself constantly if what you are currently doing is getting you closer to your picture of wealth.

Never waste a moment in worry or regret.

Dwell on your dream!

Once your dream is strong in your heart you can move into the other money smart steps of the perfect wealth formula such as getting rid of bad debt, increasing your cash flow monthly and investing in assets. Madalyn

Does this hit a chord with you? Have you given up on your dream and feel all is hopeless? Please share your thoughts and comments so I can know if what I am saying is helpful.

For similar line of thinking check out Hope is not a strategy

Bring on the comments

  1. Leta says:

    Congratulations on your automatic gate!!! What a perfect symbol of and metaphor for dream realization. Plus good feng shui too. May all our “passages” be as easy as our automatic gates make them!

  2. Madalyn Ward says:

    Thanks for the comment. I love it.

  3. Madalyn,
    Congratulations on your new gate. I loved the article and the simple way you explain things. You really know what you are talking about.

  4. unlock nokia says:

    Do you think that this blog platform is good for first website ?

  5. Madalyn Ward says:

    I love Word Press. I am not a computer expert and I find the website easy to use and understand. Still a learning curve but not bad. Madalyn

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  7. This post definitely strikes a chord with me. I often am so immersed in “problem solving” that I forget to dream. This is food for thought … and I’m headed outside to sit in the sun and ponder just that! Hmmm…

  8. Is it me or did this article make you want to buy an iPad?

  9. Joann Egbert says:

    hello it is my first post on this web and to start with I would like to thank for the useful information, which I were able to find in this and all previous posts , it really helped me very much. I will definitely iclude this blog on my rss reader :) Also, I would like to ask – don’t you mind if I will quate some information from your website since I am writing articles for the Helium, Ezine and other articles directories (this is my part time job)? It would really help me with some of mine articles. Of course, I will mention your website name or URL (not all articles directories allows URL’s , so I can’t 100% promise that you will get a direct backlink to your blog).

  10. Madalyn Ward says:

    Joann,
    You are welcome to use any of my stuff as long as you give me credit for it by name, Madalyn Ward. thanks and glad you like the articles. Madalyn

  11. hello, thank you for this latest information. Therefore, I would like to ask for your permission to add some of this information in my blog. Of course, I will provide a link to your blog, as a source of my quoted information.

  12. Madalyn Ward says:

    Jackie,
    You are welcome to use this information. Glad you find it helpful. Madalyn

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