Build Lasting Wealth

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From: Marks Motivation Mail <motivation@chattertonworld.com>
Date: Fri, May 7, 2010 at 6:17 AM
Subject: Build Lasting Wealth
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Three Strategies to Build Lasting Wealth

Jean Chatzky knows the habits of the wealthy—work hard, save habitually, invest soundly and give back. But the award-winning journalist and financial editor of NBC's Today show, also has some less common strategies for building wealth. Chatzky, author of Money 911: Your Most Pressing Questions Answered, shares her strategies.

1. Harness your intuition. Chatzky says developing your intuition leads to smart decisions. "We have to learn to listen to the fact that our intuition is trying to tell us something," Chatzky says. "For example—if you can't make up your mind, one way to read your intuition is flip a coin, assign each side and flip it in the air. Now, the important part—pay attention. You are going to hope it lands on one way or the other and your hope is your intuition."
2. Keep a journal. Chatzky says keeping a journal—whether it's an investment journal or a gratitude journal can help you build your sense of wealth. "The one secret of successful dieting is keeping a food journal. If we write it down—whether we are talking about exercise, food or money—it becomes real. We can't forget what we did because we have a map in front of us. We have notes and details. It keeps us honest."

Assess if your reason for wanting wealth is internal or external. "If you are wanting wealth because you want to add more things to your world, that is not going to be a healthy reason necessarily to want to build sustaining wealth. The healthiest reason is a desire to give back. People who continually give back to make the world a better place, see the rewards personally and see the impact their work is having on others and the world—that is a positive all around.