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Action Steps You Can Do To Create Genuine Wealth!

SONY DSCCreating genuine wealth has always been a passion for me.  Not just to create it for myself, but also to help others know that they could, too.  I’ve always been fascinated with the energy of money, any belief system that might be holding us back, and what it takes to both create and sustain wealth (keep it flowing!).

Lately, I’ve become even more convinced that people can and should be creating financial freedom for themselves so that they can be living their purpose and more fully experiencing life.  Live, Love, Make a Difference…I think we should ALL be doing more of that, don’t you?

So let’s get your wealth foundation grooving right now.  And if you’re familiar with my style, you have to do the exercises along with me – otherwise there is a 99% chance that “good ideas” will stay just that – good ideas :)   So grab a pen and paper, your laptop or iPad, and let’s get your wealth on!


How To Create Genuine Wealth – Action Steps That Work!

1.  Make a Study of  Wealth

Unknown-1To get good at anything, I was always told, you have to make a study of it.  So when I was 27, I went straight to the classic, Think and Grow Rich, by Napoleon Hill.  But I didn’t just read it once, I read it three times in a row, cover to cover.  (I have my wise former husband to thank for that idea.)

T&G Rich was the start of my wealth journey and is probably at least 50% responsible for how I think and behave in terms of creating abundance.  It’s THAT transformational.

So what did it teach me?

The power of having a huge why, the power of the subconscious mind and the power of reading my goals morning and night – which I then did religiously for three years.  This produced an income I never would have thought possible at 29 years of age – it WORKS.

It taught me the necessity of focus.  It forever imprinted in my mind the brilliant analogy of how a magnifying glass kept focused on one spot in a field of dry grass will ignite a huge fire.  Contrast that with a constantly moving magnifying glass (un-focused efforts), which will never create even a spark.

It also reprogrammed what I believed about money, energy and how to create wealth.

Lastly, it taught me what became one of my core business beliefs: Creating wealth is a direct reflection of how much value you deliver in the marketplace.

Your Action Step:  Get your hands on a copy of Think and Grow Rich this week and read it three times in a row.  I guarantee this is a crucial physical and spiritual foundation for creating genuine wealth.

Will you do it?  Do you want financial freedom enough?

Commit to reading just 5-10 min every morning and night for the next three months and you’ll have it read three times. Write down your why + your goals, and read am and pm. This will instill the prosperity consciousness you need to create wealth.

2.  Identify Your Negative Money Beliefs

What do you believe about money?  Do you have any bad preconceptions about money, that might actually be PUSHING away abundance in your life?

Common Negative Money Beliefs and Phrases:

  • Wealth and Spirituality are Mutually Exclusive
  • Rich People are Bad, Mean, Superficial and/or Dishonest
  • Rich Bitch
  • Money Doesn’t Grow On Trees
  • He must be doing something illegal to have that kind of money

My Own Negative Money Beliefs That I Had to Transform:

  • I’m too young to make lots of money
  • I can’t do what I love and create wealth
  • I’m an English Lit Major, not a “Business Person”
  • There’s a whole other level of wealth I don’t know how to access
  • People know “secrets” about wealth creation that I don’t know

So how do you transform negative money beliefs?  Well, even just identifying them gets you 50% of the way there.

Look for books, google articles on the internet, and ask successful people you admire what their negative money beliefs were and how they broke through them.

And finally, if having a personal mentor resonates with you, get a coach.  It took me years to get to the core of my bad theories.  I wish I had  had a coach back then, as they are experts in helping you identify and shift unsupportive theories in your life.  They simply ROCK at this.

Action Step:  Write down at least two negative money beliefs right now that pop into your head.  Know that you are completely NORMAL to have them.  Don’t make yourself wrong for thinking or feeling them, simply decide you’re going to do something about it.

Commit to finding a book, googling your specific negative beliefs on the internet, talking to a successful person you admire, taking a course or hiring a coach to bust through your “broke” money beliefs.  Got it in your iCal to do by this weekend?  Good!

3.  Have Specific Monetary Goals

What do you want to make by the end of the year?  What do you want to have saved by the end of the year?  Five years?  Ten years?

The Uni-verse loves clarity and specificity.  Remember, you can always adjust your monetary goals.  But just the act of SETTING a goal will get your further ahead.

Action Step:  Write down what you want to be making by the end of this year, and how much you want to be adding to your savings.  Put this on your Dream Board.

4.  Track your Money

I still have a spreadsheet that I fill in on the first of the month.  How much do I have in my checking, business account and savings account?  How much do I have in my mutual fund? How much are my monthly expenses? Anything you focus on expands, so knowing exactly how much money you have, what your expenses are, and what is going in and out of your bank accounts is a trait of millionaires.

Do NOT bury your head in the sand about this – it will NOT go away!  As best-selling author and self-care coach Cheryl Richardson says, “No one is coming to save you.” Repeat to yourself:  No one is coming to save me in anything – my finances, my happiness, my purpose in life.  It is up to ME create the life I want – always.

Women: it is extremely empowering when you learn and know everything about your money.  It makes you feel confident and secure when YOU are running your money, not the other way around!  Even if you are in a partnership and your guy handles the money, start to take an interest in it.  Know where the money is going, what you’re saving, spending, etc.

Remember, whatever you focus on EXPANDS and whatever you track and measure, IMPROVES.  And baby steps are great in the beginning!

Action Step:  Right now, go to www.mint.com – and sign up for a FREE account.  I absolutely adore Mint.com.  It’s THE most fun and easy way to track your money that I have EVER come across and used.

Schedule an hour right now in your iCal to input your details this week (it’s EASY), and then commit to spending 30 min at the beginning of every month tracking your money.  Promise me you’ll do this, K?  It’s one thing I know will make such a huge difference for you.

5.  Start a business that will create an additional income stream.

At 27, I started my first business in the direct selling industry because I deeply wanted five things it offered:

  • I wanted to have my own business.
  • I wanted to create financial freedom and be completely in charge of my own life.
  • I wanted to integrate what I loved  into my daily work (health, dance and personal development).
  • I wanted to create residual income (the queen of all income).  And I LOVED the philosophy of creating wealth by helping others do the same thing.  Help others achieve what they want, and you will naturally achieve what you want.  BEAUTIFUL.

You may want to do something different to create genuine wealth, but do SOMETHING. Working for someone else will never set you financially free and I KNOW you have so much to give and offer the world with your time, passions and gifts!

Also, make sure you do something that creates residual income, as it is this type of income that gives you the most choice and freedom in your life.  Out of all my companies and income sources over the years, it’s my direct selling companies and my residual income that have given me the most income, freedom, flexibility, choice, creative expression and meaning in my life.

6. “Love up” your Money!

This next idea might seem a little odd, because it’s an energy thing, but it works!Unknown
Have you ever seen (or known really well :-) people who have scrunched-up dollar bills in their car, purse or shoved into their pockets after getting their change from cashier?  In essence, they’re sending the message to money that they don’t really value it.

Instead, you want to send the “energetic message” to money that it has a safe, secure and honored place with you.  How do you do that vibrationally?

I’ve done and taught this for years:  Line up your bills in your wallet from the greatest amount to the smallest amount and with the presidents facing the same way.  Never leave it scrunched-up anywhere – always put it away neatly and right away.  Weird as this may sound, it energetically connects you to taking care of, respecting and valuing your money, which pulls more of it to you.

Action Step:  Grab your wallet and organize your bills right now.   Commit to ALWAYS putting your money away neatly in your wallet, no matter how rushed you are at the check out counter.

7.  BE Generous and Abundant

Be generous and abundant in sweet, unique ways, so you can FEEL what it feels like to be in the energy of prosperity.  I don’t mean go out and buy a pair of Manolo shoes to feel “prosperous” if they’re beyond your means right now.  That will make you feel prosperous for about five minutes, and then really, really broke, and stressed.  Not good and counter-productive.

What I mean is, be generous in simple, unique ways that make you feel prosperous and abundant.  When I started this in my late 20′s, I would ALWAYS tip 20% (if the service was good, of course).  I would pay for my friend’s lunch or spring for their Starbucks latte.

I would buy fresh flowers once a week for our house (a generous and prosperous thing to do for myself).  I would do little things that made me feel abundant and generous so that I could EXPAND my feelings of how prosperity felt.  When you do this, you become a vibrational MATCH for more prosperity to be pulled to you.

Action Step:  What is one thing you can do this week to be and feel generous and abundant for someone else and for yourself (within your means)?

Share in the comments below or tweet anything you found useful in this article – I love to hear your stories, aha’s, questions and any area I can help in!

Be Happy…Be Vibrant…

Love,
Carmen xo

# # #

P.S. In fact, this topic is so important and so juicy that I think it deserves a full day of focus during my upcoming retreat, Creating A Life You Love and Life That Works – Bali 2014.  Of course, this topic won’t be our only focus.  It will be integrated with Bali exploration, yoga, dancing, raw food, beach time, self care and massage.  What do you think? :)

A true entrepreneur, lifestyle master and international wellness coach, Carmen is the founder of Create Your Amazing Life™ and the SexyFit™ Nutrition Challenge.  Carmen also works in partnership with the Handel Group Life Coaching and writes for Glam Fit Magazine as their Business and Lifestyle Expert.

Website | www.carmenmarshall.com

Facebook | www.facebook.com/carmenmarshallentrepreneur

Twitter | www.twitter.com/carmenmarshall

 

  • Inspiration

    Thank you for this article! I always put my money in order facing the same way in the same direction. Reading this article opened my mind to the fact that I do resonate with my money. I bought the book and am very excited to put the advice into practice.

  • http://beyouliveyourdream.blogspot.com/ Sarah Noel

    LOVE this, Carmen! Thanks for all the amazing tips and words of wisdom. :)
    I have always taken care with my money. I always put the bills facing the same way and neatly in my wallet. I never thought about it before, but I think that’s played a part in how money has always come to me when I needed it and I never REALLY worry about money. That being said, I’m not (yet) as financially prosperous and abundant as I’d like to be. I always have ENOUGH, but it’s limiting. I see now how I’ve been limiting myself by focusing always on just having “enough” and not on true abundance. I know how to “get by” and now I’m ready to live truly abundantly and generously.

    I’m the queen of thrifty and not buying things I don’t REALLY NEED. For me to get something (even like a latte) that I just WANT, and don’t NEED, is almost difficult. I’ve been getting better at this as I’ve learned to relax and treat myself. And also see how my being so tight-fisted with the money I do have has stopped the flow of more coming to me.

    As I’ve been focusing more on abundance, teachers have come to me. By that I mean, like this. Reading your blog. Listening to the podcast by Joe Vitale on abundance in the Hay House World Summit. Little lessons have appeared in my life, and I’ve made some changes in my behavior and how I think about money. I see how I’ve been doing some things all along that have likely been helping me (being organized and respectful with my money, and donating regularly to charities)… and how some things have been holding me back.

    I’m psyched to step into true ever-flowing abundance now!

    Sarah
    http://beyouliveyourdream.blogspot.com/2013/06/stay-open-and-observe-energy-flow.html

  • Rachelle Guterres

    Wow Carmen, so much valuable information in such a small space, and you go straight to the point too, very well said! I hope everyone heeds and follows the action steps you gave, I know I sure will! I have already read Think and Grow Rich 2 times but got inspired to read it again (3 times) with the tip you gave, that of reading a few minutes every morning and night. All of a sudden it sounds like something we CAN do as opposed to “one more thing to do”. Thank you for your clear and concise words and for all of the valuable information in this post, each one SO true and perfect! God bless you!

  • kelly

    This was a great read, than kyou for the inspiration. I am curious about what exactly is the direct selling industry? Can you explain further, please?

  • Jamie

    Just the kind of guidance I’ve been needing, thanks Carmen ; )

  • Bonita

    Thank you Carmen for this wonderful post. Money is the one area that I really need to work on as I know that I have plenty of blocks to money thanks to my childhood. I’ve overcome so much in the last few years, such as fears and negative thinking in other areas of my life, and now as I move forward into following my true passion in life things are really falling into place…except in the area of money…so these are great tips for me to use to move forward in the area of financial abundance…thanks again.

  • Lisa Hoba

    Thanks Carmen for a wonderful post. It great when experts put things into simple and direct explanations. Sometime I need a push int he right direction, and this article has motivated me to look more in-depth into my money. :)

  • Duane Spears

    Thanks Carmen. I appreciate your post. I have numerous copies of Think and Grow, however since now I do most of my reading on my Ipad I purchased a Kindle version from Amazon for only .99 cents. I’ll start re-reading it today. A complete version. All so, I purchased The Law of Success for only $1.99. With books this inexpensive there is no reason why everyone shouldn’t have a copy. I have a copy of all my Kindle books on my home computer and my Samsung phone. About a year ago I started treating my money with love by keeping it neatly folded in my wallet, as you suggested. Prior to that I wadded it up in my pocket. About two months ago I started using HomeBudget, an Ipad app, to keep track of my money. The first time in 69 years. I took my bank statements and entered everything for 2013 so I have a picture of the whole year. I’ll see you in Bali 2014. Thanks again for you precious advice.