Wealth Foundations Essay Series

The vast majority of readers and members of our little Preneur Community come here for the marketing podcast + business advice – which I love … but more and more, we have a growing group of readers who are just starting out with their businesses, online and offline, primarily because they need a little bit of extra cashflow.

However, starting a business is not always the smartest or quickest way to get there, no matter what those sales letter are telling you!

I believe for a lot of people, the goal of less debt, more cashflow, and little bit of financial breathing room can be achieved a lot easier in ways OTHER than starting a business.

This series of essays are on “those other ways”…

I’m talking about some of the best tips and advice I was lucky enough to receive along the way (I’ve pulled out old notebooks, dated emails, and even had to get a transcript from an old cassette tape.)

So I’m bundling them all together in a series I’m calling ‘Wealth Foundations’ … because that’s what they are, the foundations that we all need to master, before we can become financially wealthy. (Plus, what’s the point of making all this money in business, and not being able to keep hold of it)

Now, I’m not saying I am a master of each of these, some far from it … but most – absolutely!


One of my early financial mentors, real estate investor Steve McKnight has a theory called the three pillars of wealth. (It was actually in Steve’s 2nd book that I first had my name in print – and thank god it’s now out of print, as the chapter on me features a photo with a horrible goatee – but that’s a whole other story.)

Anyway, I dug up some old notes and adjusted his model to what I believe are the:

Three Pillars of Entrepreneurial Wealth:

  1. Develop strong business & personal wealth habits
  2. Start & grow a successful business
  3. REinvest in Positive Cashflow + Growth Assets (other businesses, stocks or real estate etc)

I’m far from a financial advisor, and I’m not even trying to play one on the internet, so these ‘Wealth Foundation’ essays are going to focus solely on the first two pillars – because as you will discover while reading along, the two tie in perfectly together.

As we take action and tackle the tactics, tools and advice I’ve been given along the journey, in these essays, four key things should happen:

  1. You will get immediate cashflow results (some small, some large)
  2. You will be developing the right personal wealth habits that will stick with you for decades.
  3. You will be sharpening your marketing and business sword, which will help fast track your business growth (the key reason you hang around our little community)
  4. If you’re anything like me; when I was first taught these lessons; you’ll discover a whole new way at look at quote, unquote - wealth.

So to start our little ‘Wealth Foundation’ series I’ve put together an essay titled ‘From Clutter To CashFlow

This essay covers the single best way I know how to get instant cashflow within 7 days; whilst honing one of the most important marketing and business skills you can ever develop.

  • http://www.mikedancy.com/ Mike Dancy

    This sounds really interesting. I’ve started my fair share of businesses, I should say that I’ve attempted to start my fair share of businesses. Though I usually just end up spinning my tires and just burning through start-up cash and getting no-where. If I had a push in the right direction when I started, then I probably would’ve made the first business succeed.

Pete Williams is an entrepreneur, author, and marketer from Melbourne, Australia.

Before being honored “Australia’s Richard Branson” in media publications all over the continent, Pete was just 21 years old when he sold Australia’s version of Yankee Stadium, The Melbourne Cricket Ground For Under $500! Don’t believe it? You will! Check out the story in the FAQ section (it really is our most asked question).

Since then, he’s done some cool stuff like write the international smash hit ‘How to Turn Your Million-Dollar Idea Into a Reality’ (+ the upcoming ‘It’s Not About the Product‘) and he’s created a bunch of companies including Infiniti Telecommunications, On Hold Advertising, Simply Headsets and Preneur Group.

Lots of other people think he’s pretty good too! He’s been announced as the Global Runner-Up in the JCI Creative Young Entrepreneur Awards for 2009, the Southern Region Finalist in the Ernst & Young 2010 Entrepreneur of the Year, and a member of SmartCompany’s Top 30 Under 30.

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