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Wealth Generation

Wel-Fi: is an electronic network that supports the reciprocal flow of capital and accountability; while simultaneously providing financial services to allow individual clients to build their personal wealth. [WEaLth building-FInancial services]

Why is wealth the goal?

It is said that money can not buy happiness. However, people without financial resources can live in great peril to their well being.  Poverty can grind men into ones who at their core or in their soul are deeply alienated and dissatisfied.  These people are not the bedrock of a strong nation.

In English, “wealth” is a word that in its original form meant “doing well” in life. This included but did not exclusively refer to financial resources. Simply put, having money did not equate well being and wealth.  The scripture asks, “What shall it profit a man he gain the whole world and loose his own soul?” 

What do you mean build wealth?

There are five ways to accumulate wealth.

 

  1. The best way is to inherit it.

  2. The worst way is to steal it.

  3. Workers get jobs where they trade their time and effort for wages.

  4. Entrepreneurs use ingenuity, effort and capital to build increased value and create (money) wealth.

  5. Investors: let money work for them.

How is this commonly done?

The ordinary model to allow individuals to become financially secure is number 3: “Trade time and effort for wages.” This step requires:

    • An education to obtain employment skills

    • Gainful employment

    • Saving earnings to accumulate wealth.


Why is this model not always working?

The challenge is that the steps of the ordinary path can become unavailable to ordinary people:

  • Inhibition: Poverty holds some people back from getting a quality education.

  • Unavailability: Individuals do not always live near or cannot compete successfully compete for good jobs.

  • Lack of access: Individuals have limited access to banks and function in a barter economy.

  • Result: Wealth accumulation is difficult.


What is the proposed model?


We propose that some people are in need something other than the ordinary model to build wealth.  This is the Entrepreneurial model. Entrepreneurs use ingenuity, effort and capital to build increased value and create wealth.

What is required to broadly implement the entrepreneurial model?

 

1.      Micro enterprise development programs.

2.      Access to capital.

3.      Reliable record keeping and finical services.

 

How does Wel-Fi fit in?


Wel-Fi is the structure that allows individuals accountable access to capital markets and financial and accounting services.

 

 

stephenkeel@reinmex.org                 800 783-6344