Four Easy Steps to Instant Wealth

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Four Easy Steps to Instant Wealth (he is one of our writers in Omtimes Magazine)

Posted by Ken Lauher on Thu, Jun 10, 2010 @ 07:15 AM

 

This isn't a get-rich quick

scheme. But there's a way to feel wealthier instantly: Take inventory of everything you already own. This easy process lets you assess exactly

what you have and, as you do so, recognize how grateful you are for your material and cash assets. (You really do have more than you think!)  Step 1: Write down all your assets. Stocks,

bonds, savings accounts, checking, life insurance policies... The ideas

is to get a clear view of exactly how much you have in assets. It doesn't matter if you can't touch the money (or would suffer penalties if you did.) The point is, it's yours and represents your wealth. Step

2: List the money you expect to come in. This includes your salary, money you may be owed, potential money you could get for side jobs or freelance work (are there any moneymaking ideas you've been thinking about?), and residual income, interest from investments, even tax refunds. Recognize how grateful you are that the universe sends you money from so many sources. Step 3: Inventory your belongings. Spend some time going through each room of your house to inventory your belongings. As you do so, recognize how grateful

you are for all your material blessings. The beauty of this process is it shouldn't take long. Use only 10 minutes per room and write down the value of everything you believe you could sell for more than $50. Yes, this includes your own home, if you own it. Your car. Jewelry, antiques, fine artwork, and even your furniture. I'm not suggesting you liquidate all your assets just to have cash in hand. After all, the point of having money is to buy all the things you want and be able to do what you want to do -- when you want to do it. That is

true financial freedom. But this exercise causes you to consider the wealth you already have. Step 4: Make room for greater wealth. Now, go through everything on the list you just made. What doesn't bring you pleasure anymore? What haven't you used in years?

What no longer fits in with your home decor, personality, or personal beliefs? Consider selling it at a garage sale, on eBay or Craig's List, or even donating it to your local Goodwill store. Getting rid of the things we own that no longer fit in our life or represent the person we want to be opens the space so we can attract more of the wealth we do want.