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Simple ways to build wealth & add value

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Welcome to Financially Focused MONEY TALK a programme dedicated to helping you have a better relationship with your money.  This programme is not just about stocks, bonds and savings.  We are looking at the systems behind making money so that you can make the money.  My name is Dennise Williams, your financial coach and this episode is about building wealth through knowing how to be the right person that adds value so that you can reach the right people who will help you build wealth. 

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 Tony Robbins, international coaching phenomenon says that “The secret to wealth is simple: Find a way to do more for others than anyone else does. Become more valuable. Do more. Give more. Be more. Serve more.”  So what does that mean from a practical perspective?     And that is where our resident Sales Guru, Duane Lue Fung comes in to help shed light on that concept of wealth building through adding exceptional value.  Essentially, you make money when you add value.  And according to https://www.kennethmd.com/wealth-creation-principles-for-making-money-and-building-wealth/,  “You must market and sell well. You must love and become good at marketing and sales. You cannot make money if you don’t sell something. You can own money in several ways: You can 1) Accept a donation or gift. 2) You can sell your skills (services) or products for it, 3) You can steal or extort people of it 4) You can do what Jesus Christ did in the Bible. Miracle. You can go catch a fish, open the mouth and viola, there is money! If you are employed anywhere (physician, nurse, manager, teacher, builder etc), you are selling something to make your money. The something you are selling is yourself. You sell yourself every day and that’s how you earn money. Other people who own businesses sell themselves and their products and services to clients to make money. Even money that you get via donations or gifts often come when you have something to “sell”, some value that you provide for the donor—this value may just be satisfaction for them that comes from their giving. I used to hate people who did business online thinking they were trying to sell something to me. While I still don’t like the overly aggressive sales people, I have come to understand that we all sell something if we have to earn money. The difference is just what we sell and how we sell it. For any business to succeed, you must be able to make a great product, sell it, and manage the money. You need three different people doing these three functions full time. However, the most important of them is sales. If you are going to create wealth, you have to learn to market and sell. You may not be the best and would still need a more competent person leading that role when you can afford it, but you have to be able to market and sell the product you make.”