How Many Ounces Of Formula For A 1 Week Old Wealth Creation – How to Create Wealth Using Financial Intelligence

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Wealth Creation – How to Create Wealth Using Financial Intelligence

When creating a breach, everyone seems to be looking for an easy way out. Well, I’m here to tell you that it just doesn’t exist. There is no such thing as money for nothing, but there are ways we can work smarter, not harder. I first came across the term financial intelligence during the stock market boom of the 1980s, when people made large sums of money relatively easily and in a short period of time.

These people traded real estate like it was some kind of hot commodity, like the iPod is today. They had basically hit on a certain formula that allowed them to harness the power of supply and demand and create wealth like never before. Honestly, it was like selling shovels to gold miners and being the only shovel dealer in town. Hence the term financial information.

Today, if you want to build wealth, you have to be a little savvy to find a profitable venture. The art of it seems to revolve around finding very low overhead and high profit business systems. It’s an age-old formula first used by the world’s original inventors of currency, but it never ceases to amaze me the amount of people who miss it and can’t recognize it, even when it’s staring them in the face.

The Internet is one such example that, if you are savvy enough, offers a huge opportunity for an entrepreneur to make and ship a product for virtually free. Therefore, profit markup becomes immeasurable. The following example shows why. Take this hypothetical scenario.

The hourly rate is not calculated, but the person then spends 16 hours each day for three days, say Monday through Wednesday, writing an e-book on removing the engine of a BMW model 320i car. They then spend another day editing, packaging (acquiring and shipping graphics) and providing references, writing copyrights and disclaimers, and submitting their book to various online bookstores for sale. The book is sold for $20.00 and a 25% commission ($5.00) is collected on each sale. they sell 100 copies worldwide in the first week, 200 in the second week, and 300 in the third week. After that, they stop counting. The formula is something like this.

5 days @ 16 hours each = 80 hours

cost of production = zero

1st week of profit = $500.00

2nd week of profit = $1000.00

3rd week of profit = $1500.00

Total Profit = $3000.00 – for something I’ve done once and only once, even if it took 80 hours to do

Divide by 80 hours = $37.50 per hour paid profit.

And it’s growing exponentially as sales increase. Now, after a certain period of time, since there was no measurable cost factor, they cannot accurately measure the profit as a percentage. This is financial information in the workplace.

It only becomes an unworkable model when we start setting ourselves up for a measurable hourly rate. That’s when, as they say, time is money. But this is an illusion. I say this because how do you figure out what amount of time equals a specific amount of money?

Using the example of producing and selling ebooks above, what if 12 months after the first sale date, the BMW book has a profit of $25,000.00. Does the person then go and say it took them 80 hours to get the book out, so they are now worth $25,000 divided by $80 = $312.50 per hour.

What if they’ve written 10 more books by then? Everyone has started selling. How do they track and calculate their hourly rate?

They won’t and can’t unless they want to fall for the “time is money” illusion. A person is much better off recognizing financial intelligence when they see it, arresting the urge to measure their worth by how much money they can make in an hour, and just relax and go with the flow and enjoy what they are doing. Life is too short for them, at least, to do otherwise. When it comes to building wealth, I think financial information is the best resource and perspective you can have. This is what makes it possible to create simple and efficient business systems. That’s what goes into answering the never-ending quest to create wealth more easily and quickly than ever before.

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