How Much Formula For A 3 Week Old Per Day Wealth Creation – How to Create Wealth Using Financial Intelligence

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Wealth Creation – How to Create Wealth Using Financial Intelligence

When it comes to creating wealth, it seems like everyone is looking for an easy way out. Well, I’m here to tell you that there simply isn’t one. There is no such thing as money for nothing, however, ways we can work smarter, as opposed to harder, exist. I first came across the term financial intelligence during the stock market boom of the 1980s, when people made huge sums of money relatively easily and in a short period of time.

These people traded property as if it were some kind of hot commodity, like an Ipod is today. They 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 seller in town. Hence the term financial intelligence.

These days, if you want to create wealth, you have to be a little savvy about being able to spot a profitable venture. It seems that the art of this revolves around finding trading systems that have very low overheads and high profits. It’s an old formula, first used by the original currency inventors of the world, 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 which, if you are savvy enough, offers the business owner a huge opportunity to produce and deliver a product at almost no cost. Hence the markup in profits becomes immeasurable. The following example shows why. Take this hypothetical scenario.

The hourly rate is not calculated, but a person then goes and spends three days, for example from Monday to Wednesday, 16 hours a day writing, an eBook on how to strip a BMW model 320i car engine. They then spend another day editing, packaging (supplying and supplying graphics) and supplying references, getting a copyright and disclaimer written, and sending their book to the various Internet bookstores for sale. The book sells for $20.00 and they collect a 25% commission ($5.00) per sale. they sell 100 units worldwide in the first week, 200 units the 2nd week and 300 units the 3rd week. After that they stop counting. The formula is something like this.

5 days @ 16 hours each = 80 hours

production cost = nil

profit week 1 = $500.00

profit week 2 = $1000.00

profit week 3 = $1500.00

Total profit = $3000.00 – for something I did once, and only once, even if it took 80 hours to do

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

And it grows exponentially as sales increase. Now, beyond a certain point, because there was no measurable cost factor involved, they cannot accurately measure profits in terms of percentage. This is financial intelligence at work.

It only becomes an unworkable model when we start setting ourselves on 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 work out what amount of time equals a specific amount of money?

Using the example of eBook production and sales above, for example, what if, 12 months from the date of the first sale, profit from that BMW book is at $25,000.00. Does the person then go and say that it took them 80 hours to get the book out, therefore they are now worth $25,000 divided by $80 = $312.50 per hour.

What if they had written another 10 books by then?. Everyone started selling. How do they monitor and calculate their hourly rate?

They don’t, and they can’t, unless they want to cling to the “time is money” illusion. The person is much better at recognizing financial intelligence when they see it, arresting the urge to measure their worth by how much money they can make per hour, and just relax and go with the flow, and enjoy doing what they do. Life is too short, at least for them, to do otherwise. When it comes to how to create wealth, I think financial intelligence is perhaps the best resource and perspective one can have. This lends itself to the creation of simple and effective business systems. It is what answers the endless quest to create wealth easier and faster than ever before.

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