There are some common myths that hold work at home businesses and investors from achieving success. These myths can has a powerful psychological impact on small business owners, stopping them from building wealth, and preventing them from reaching their full potential.

Money breeds Money

This may have been true pre discovery period, but it is not true in the Internet age. The myth that you need to be born into money, or attend an Ivy League school, or you’ll never know how to make real money is a difficult roadblock to overcome.

Millionaires are made every day. Most start with nothing, and use a program that failed for thousands of other business owners. Bill Gates, Ophra, and Martha Stewart all started from humble origins.

Money is Made on the Backs of the Poor

If you are afraid of going for the brass ring because you fear ruining someone else’s life, then relax. Your playbook can be moral, ethical, and built on old fashion values, and it will lead you to untold wealth. The easiest way to become rich is to create value in other people’s lives.

This myth is high-grade, premium quality nonsense. There is enough money for everyone. Many ‘work at home’ programs prove this. The company may sell 10 000 programs. Just because only 100 people succeeded doesn’t mean that the program was a rip off. Those who do not succeed don’t believe they can.

Remember that success starts in the mind. You need to believe that you can succeed before you will succeed.

You Must Sacrifice Family to Build Wealth

The baby boomers believed this and introduced one of the highest divorce rates in recorded history. However, their children have learned the value of balance, and the truth behind wealth. The rich and famous do not work as hard as the factory workers who run the companies that built their wealth.

This generation has coined a new phrase, ‘work hard, or work smart.’

There’s a difference between working hard and working smart. Successful people learn to work smart. They learn emulate successful people and use them as models so they can avoid mistakes other people make.

You can save a lot of time, money, effort as well as some major headaches by finding a mentor, or hiring a life/success coach.

Getting your business started and running require work but you can chose to have a successful business and a family.

Rich People Cannot Live Normal Lives

Most of today’s millionaires live in suburban towns and lead normal lives. The dream of living the rich and famous life has lost its luster. More people are learning that the fantasy of wealth was more attractive than the reality.

However, you can live the good life without giving up a normal life. There is no reason why you cannot take a vacation with your family at a local camp ground on the weekend, and then attend a conference in a $2 000 outfit and $800 shoes through the week.

Don’t let the fear of being rich stop you from reaching your dreams.

Life is sweet. It will be what you decide to make it as long as you remember that no one can define who you are – unless you give them the power to.

Your Wealth?

I have been speaking at several seminars lately on the topic of building permanent wealth. One of my favorite things about speaking at seminars is talking with the participants one-on-one. In just the past few weeks I’ve met hundreds of people with diverse backgrounds, various educations and different professions. All of them wanted to know how to build permanent wealth. And much like those of you I heard from last week, they wanted to know exactly what they needed to do.

Whenever someone asks me what to do to build permanent wealth, I answer that question with a question: Where is your wealth? Where is your wealth today and where is your wealth going?

In other words, where are you today in terms of how much you own versus how much you owe? And, where do you want your wealth to be?

Take a few seconds to think about your answer.

- The Answers -

It is very rare that any one answers my question with absolute certainty. Here are the answers I typically receive:

Most popular: “I have no idea”

Close second: “Oh, somewhere around….ummmmm….about…$X and I want it to be X times that”

Funniest: “I keep wondering the same thing! Where is my wealth? I work and work and work, make great money, but I have nothing to show for it! Where is it going?”

At first, it’s easy to conclude that these people must just not care about their wealth because they have no idea where they are today or where they want to be with their wealth. But the people I spoke with recently are people attending seminars specifically to learn more about building wealth, so obviously they care. So then why don’t they know the answer to this question?

I’ve concluded that most people don’t know the answer because they don’t know how to get started on building their wealth. I’m learning that this is a common place for people to be.

The traditional route to getting started has been to meet with a financial planner and find out when you can retire based on a certain amount of savings each month.

My approach to wealth strategies is the same approach I use when I create tax strategies. In fact, the two are intertwined. A successful tax strategy will produce tax savings and then leverage those tax savings by integrating them into a wealth strategy. This is a great way to supercharge a wealth strategy! But my approach with both always begins with (1) Where do you want to be? and (2) Where are you today? If this sounds similar to traditional financial planning, it’s not.

Simple But Not Easy

This concept of starting with where you want to be and where you are today is a simple concept to understand. But, it’s not always easy to do.

It’s very similar to a fitness program. When I started my fitness program, I needed to establish where I was when I started and where I wanted to be. This was a simple concept for me to understand. But, when I went to execute it, I found it wasn’t so easy. I knew what my weight was and where I wanted it to be, but what else was there? At the time I started, I didn’t know what else there was, but since then, I’ve learned many other ways to measure these two points in time – body fat, key body measurements, specific goals, like completing a triathlon in a certain amount of time by a certain age. Now I can create a list that goes on and on but that wasn’t’ the case when I first started.

When determining where you are with your wealth, there are financial calculations that need to be done, soul searching to be done to determine what you really want and, of course, the time to actually sit down and do it! All of these are not necessarily easy to do. But the good news is that they are not impossible to do, it just requires time (and it doesn’t have to be a huge amount of time), effort and focus.

So, Where Is Your Wealth?

A major pump is expected in hospitality and tourism industry with Delhi, the National Capital Territory of India, being selected as the host of the 2010 Commonwealth Games in 2003.

The tourism industry is now bound to focus Delhi and cities around it. Travel agents have geared up to grab this oppurtunity as during Common Wealth Games, tourists from around the world would be visiting India. This would be the best time for them to reap benefits. The GOI ( Government of India) along with Tourism Ministry and Archaeological Survey Of India (ASI) has plans to launch special programme ‘Discover India in CWG 2010′.

Common Wealth Games 2010 are scheduled to be held in Oct 3 to Oct 14, 2010 and according to Industry reports there would be a increase in International visitors. ASSOCHAM ( Associated Chambers of Commerce & Industry of India) has speculated 10 million international foreign tourists in the year 2010. Interestingly, these figures are limited for the month of October.

The major hike would be seen in the months in and around October with an expected increase 25 million from last year to 45 million by 2010. There would also be an increase in foriegn tourist with an estimated rise from 4.43 percent to 10 percent.

More tourists are expected from countries like Australia, the UK, Canada, Mauritius, Sri Lanka and South Africa.

Even Avian Industry would see an increased activity with more travellers opting for private planes.

Eco, Addventure, Spa and Spirituality Tours would rate high amongst travellers and travel agents would be preparing them in all sphere to cater thier best services.

Some of the known travel agents who would be interested in providing travel services during Common Wealth Games are :

http://www.indiatouristspots.com/

www.ecoindia.com