25 September, 2010

New Rules to Get Rich In The New Economy

There is little doubt that the world has seen tremendous change over the past century with the accelerating rate of change over the last few decades. This change has affected all aspects of life from the home to the office. The result is that processes that were part and parcel of life in yesteryears have either changed so much that they are unrecognizable or have moved on to complete redundancy.

But with the changing technology that many are now so used to, not as many have recognized that a number of age old economic principles that have been relied on by the millionaires and billionaires of times past are tottering on the brink of extinction. The New Rules To Get Rich in the new economy training series by Garrett Gunderson is a new, eye opening and revolutionary way of thinking that exposes the old principles and removes the veil from the new ways of thinking that create today's 'magnets of wealth'.

So what are some of the old rules that Garrett Gunderson covers? First, is the often quoted statement that high risk is the only way to realize high returns? But looking at this concept critically, it is just a loosely disguised form of good old gambling. Gunderson goes on to asset that those that are truly wealthy today rarely take high risk financial ventures. And when they do, they often lose out and it is a momentous financial hit. The truth is that you can still Achieve high returns on investments by taking little or no risk at all

The other old myth that Garrett Gunderson dispels is the notion of debt avoidance, at all costs. This statement might have some truth but that is just about it - some truth. There is 'good' and 'bad' debt. For example, debt that is driven by greed solely and the need to impress others are bad, limiting and destructive. The good kind of debt is an important tool for creating wealth when in the hand of the financially wise. It is this good debt that is often avoided by ordinary people leaving them exposed to little more than a hand to mouth existence.

Ever heard that money is power? Well, it is time to forget that rule and embrace another of the new rules to get rich in the new economy - people are power. As Garrett Gunderson Sun boldly states, money is useless and has always been just own a piece of colorful paper or engraved coin that can not do anything on its. It is people that hold the power to put money to beneficial use and obtain maximum value from it. It is time to put money and people in their right place - wealthy people rule over money and not the other way around.

Another of the new rules to get rich that Garrett Gunderson discusses is the concept of the infinite pie as opposed to the idea of a finite pie where one person's win is another's loss. The size of the pie is determined by your innovation and belief in possibilities, and can be as big and as therefore small as you imagine it to be. There are enough opportunities for wealth to cater for everyone.

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