The journey of a 1000 miles starts with a single step - Chinese proverb
Nearly everyone has heard this proverb and if you hadn't then you have now! Along with others like how do you eat an elephant - one bite at a time.... building wealth is often massive for a lot of people (again asking the question what does wealth mean for you?) and so become overwhelmed by the thought of it, but the key is to just start, just start. start getting into the 'Mindset for Wealth' whether that means start saving 1% of your income in a savings account or other investment vehicle.
Failure to start.
When we get overwhelmed by something, if we think it's too much we become like a rabbit in the headlights and do nothing, the key is to pick something and then do it. 'Failure to plan = plan to fail' is another saying but then there is another saying 'Ignorance on fire is better than knowledge on ice' now both are very valid sayings and I've seen people on both ends of the scale people that spend all their time planning and not doing and those that jump straight in and then mess something up when their should be a bit of planning. The key is to be balanced and recognise where you are now on that scale.
When you start grow your wealth the quickest way is not to put masses of money into a mindset of growing that wealth and start bit by bit whether that is putting £1, £10, £100 in to an investment or 1%, 5% or 10% of your monthly income into it. By doing this small activity on a regular basis you'll see your wealth slowly at first in which it'll seem hardly worth doing but eventually it'll hit what's called a 'Tipping point' where it will grow rapidly.
To you success
Paul
ps If you want to know more about applying the theories in this post to any part of your life to get a big change then I'd recommend the following 3 books.
Slight edge - Jeff Olson
