How to create wealth

 

 A lot of people want to create wealth approximately all human being wants this to lead a life in their own way and fulfilling their dreams but the reality are different. The majority of people just dream it and their life passed and they do not come out of the vicious circle of scarcity. It is true the world has limited resources and this is the rule of nature that everybody do not have the same fate but this is also the reality that the majority population do not even have the real financial concept so their way of thinking is wrong. we can earn wealth but first of all, we have to clear the financial concept so that our way of thinking  can change

In the world, 90 % of wealth is in the pocket of 1% rich people and if we can take that money from them and tell them to become a billionaire from the scratch the will again achieve that because of that proper thinking.

Below are the important financial concepts in this regard

Kitchen money

If somebody earns in six figures monthly and run his expenses then this money is called kitchen money , that is your earn that in a regular routine and you spent it accordingly. One cannot create wealth from kitchen money even it is very high because this is a chain made and once it is disrupted you collapse and also the kitchen money problem is that it is directly proportional to your routine lifestyle i.e. the person earning more money its kitchen expenses increases and vice versa

 

Self-employment vs business

This the greatest misconception that when someone is motivated and quits the job and starts his own work i.e. freelancing or offering some product to the public by working there a full time he thinks he is doing business. We cannot say business to the work that performance or running situation depends on owners presence, business is the something that running condition does not depend on the owner presence, but it earns for the owner even in his absence because he designed a system the people work and the businessman earns

So now we will discuss how to create wealth

So wealth cannot be created by the kitchen money instead of how much it is. According to business mentors and gurus and observation it is evident that wealth is created only by flippable assets. Flappable assets are those assets which are easily flipped means that the assets are created and sold to desiring on any time of the actual cost according to goodwill. A simple example is Amazon stores that are easily sold online legitimately to others on 30 times of the monthly revenue. Another world-famous example is WhatsApp is sold much time of its actual value.

In online media the flippable assets are e-commerce, private label, websites with enough traffic, domains, and a lot of more.