Now you may be saying to me, 'I am already working eighteen-hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, 'This does not apply to me. As an employee, my hours of employment are fixed from 9am to 6pm. I do not get paid more for working longer hours.'

When I talk about increasing the time you spend creating value, I do not necessarily mean that you must work longer hours.

Once again, the key difference that sets people apart in their ability to create wealth is not just how much they earn but more importantly, how they manage the cash that flows through their hands.

The rich manage their money very differently from the average Joe. They have a very different set of habits in the areas of saving, investing and cash spending.

The truth is that many of these beliefs and attitudes that some people hold have about money are nothing but inaccurate generalizations and excuses that keep them from living a truly a happy and wealthy life.

In order to truly align your mind to wealth creation, you must debunk these negative myths and really look at the facts.

Myth: Having a lot of money will change you (into a bad person).

In my live Wealth Academy seminars, I usually do an exercise where I get people to stand up, go to as many people as they can and introduce themselves.

From this simple activity, I can tell immediately if they exhibit this very important wealth habit.

I notice that there will always be some people who will go around introducing themselves first and getting to know as many people as they can.

Wealth habit number three is the habit of taking responsibility for your results and wealth! Unfortunately most people choose to adopt the victim's mindset of giving excuses, blaming and complaining.

Remember when you give excuses to yourself (i.e. no time, no luck, no capital, no experience etc) or blame others for your lack of wealth, then you are putting others and external events in control of your life! When you are not in control, you do not have the power to change your circumstances.

Besides taking steps to increase your value, you must also increase the time you spend creating value to boost your income.

If you are self-employed, then you are usually paid by the hour or by the job. So obviously, when you work longer hours and more days, your income will increase!

Now you may be saying to me, 'I am already working 18 hour days! How much harder can I possibly work?' Or if you are working for somebody else you may be thinking, 'this does not apply to me.

Those people who always exceed expectations are known as Value creators and they end up as the rich and wealthy of our society.

If they are paid $3,000, they will work as if they are being paid $20,000. If they are expected to generate $10,000 worth of profits, they will create $30,000 worth of value!

They are called value creators because they create value for companies.

There is a very big difference between wanting to become a millionaire and being 100% committed to becoming a millionaire.

When you merely want, wish or hope to achieve a goal, it will rarely ever happen. Think about it. Everybody wants to be financially free, but very few ever make it happen.

Studies after studies have shown that people who achieve phenomenal success and wealth did not just want it, they were 100% committed to achieving it.

You see, making money is a game. If you learn the rules of this game, money will flow into your hands. If you do not play by the rules, you will struggle all your life financially despite working very hard.

Haven't you ever asked yourself why some people earn five times, ten times or even twenty times more than others? Is it because they are twenty times smarter? Is it because they work twenty times harder? Or are they many times luckier? The answer to all these questions is a resounding 'NO'!

I am sure you know people who seemed to be much lazier than you in school and had poorer grades but now they are so much more successful financially.

Is there a formula for wealth creation? Do all self-made millionaires take the same steps to amass their fortunes?

If we were to do an in-depth study of how self-made millionaires think and act, would we find some common clues that we can learn from? The answer is yes.

These are seven essential steps, each one representing a wealth creating skill that all self-made millionaires possess and practice.

There are basically four levels of wealth you must aim to attain.

Level 1: Financial Stability

The first level of wealth is known as financial stability. This is the most basic level of wealth that you must first attain.

You have achieved Financial Stability when:

1. You have accumulated enough liquid assets to cover your current expenses for a minimum of six months.