Most people don’t know how to solve their personal finance problems. Some don’t even understand the term Money and the rules guiding its creation. Millions of people work practically all year round for their employer and never dream of starting something small for themselves. It is not the job of your employer to make you rich but your own personal responsibility. Solving your employer’s problem will only make your employer richer. Have you ever sat down to think about the problems you were created to solve?

Purpose is the first thing you need to establish on your road to wealth creation. The physical money you carry around is not the real money. Money does not drop from heaven. Money answers to some certain principles. You get money in exchange of the value you create. Organizations employ you because of the values you bring to the table. What are your own personal values? What are your talents? What are you good at? What problem were you created to solve for mankind? Cars were manufactured because we need to move around. We have soaps because we need to wash our dirty cloths. There is pure and bottled water because we need access to portable water. What problems have you been able to spot in your area of interest? When you identify your talents and values, list the activities around them that can bring money. Your wealth is hidden in those activities.

Second, how well do you treat and manage money. Do you know that the money in your hand today is a seed? Money spent on frivolities will never amount to anything. You need to develop your management ability when it comes to handling money. We increase our wealth by saving more than spending. It is what we keep and cultivate that has the potential to grow.

Your first step towards creating wealth is to spend less than you earn. Debt comes into play when you spend more than you earn. To grow richer, you need to save and invest some of your hard earned income. With the help of relevant advisors, you can invest in shares, bonds, treasury bills, certificate of deposits, real estate or start an income-generating business. When you begin to treat money like this, your money will make more money for you. Millionaires spend the dividends generated by their capital or principal. The poor on the other hand spends their capital hoping to get another one.

Have you paid close attention to your association lately? What kind of friends do you hang out with? Is it friends that encourages spending over investing? The relationships you keep in life have the potential to make or break you. He who works with the wise shall be wise but the companion of fools will be destroyed. You need to move towards people who have the mindset of creating wealth from ideas. Take advice from those who are millionaires and have achieved what you are trying to achieve rather than the paupers. The paupers have nothing good to offer you. Attach yourself to a millionaire mentor and learn valuable information that will help you grow your money. Invest time in your personal development by reading the books they read, go to places they go, listen to what they listen to, watch what they watch and make friends with their fellow friends.

Another route to financial independence is to start your own business no matter how small. You don’t need a brand new idea to do this. All you need to do is to look around and take up something that is already in existence either a product or a service. Add your own little idea to it or offer a better service. Watch out for what you can re-invent and launch yourself into business by starting with what you have.