We have two choices, we can build wealth into our lives, or we can use up or waste all the resources available to us. We can either give ourselves a false—and temporary—sense of having wealth by living on credit. Or we can use the credit we have available to us to build a real and substantial wealth for ourselves.

It takes money to make money. But then the question is, "How does someone who does not have money, make money?" There are people who did this. In fact, there are many. Some people get "lucky" but some people—and these are the ones who truly benefit from the money—keep it.

The people who build wealth and retain it are those who have learned not only to manager their money, instead of letting their money manage them, but they have learned to use every source available to them to make even more money, which ends up being a significant amount of money in time.

There is a certain amount of your income that you need to spend, such as for food, shelter, or clothing. In essence, then, this money is money you do not have, but there is a way where you can turn some of those expenses into a source for building wealth.

You are probably already aware of the one I am going to explain, but I would bet you still need to change your thinking about it in some ways to reap the benefits for yourself. You may be reaping some of the benefits already, but most people have not taken full advantage of it.

Let's put it this way. It costs money to have a place to live. And this is usually the largest necessary expense for most people. To supply this necessity, you can do it in one of several ways. You could rent, giving the landlord a large part of your income, with you having nothing to show for it. You could purchase a house and give your mortgage company twice as much as your house is worth in interest payments—which makes the banks lots of money. Or you could change the way you think about managing your money, and instead of trying to manage it in order to spend as little of it as you absolutely have to, you can transform the money your bank earns from you in interest to money that goes into your pocket. Take the money they are getting to build their wealth and build wealth for yourself, instead.

The tool to use is credit. You can borrow the amount of money you earn each month so that you can invest it at the beginning of each month and then pay it back as you actually earn the money during the month. If this is done, you can eliminate a good portion of the interest the bank charges you with a mortgage, which accrues on a daily basis.

This is one step in building wealth, but it is a big one. It takes an expense you have and turns in into a source for building wealth. This principle can be used in a wide range of areas.

Do you want to learn the best way to escape paying interest? You can get my free ebook, How to Significantly Lower the Interest on All Your Loans, Including Your Mortgage, and That Without Refinancing.

To get the free ebook, click here: Lower Interest On All Loans.

Alfred Spengly currently works with a company that has been registered with the better business bureau since 2006 with zero complaints. It is a company that strives for its customer's satisfaction, helping individuals and families manage their own money by providing the tools they need to establish their own financial security.

Personally, Alfred has worked in the financial field for almost 15 years.