Money can be your servant or it can be your master. The choice is yours to make. If you want to be the master in this relationship, you must learn to assert your control.
This process is simple. It may not, however, be easy. You are habituated to certain beliefs and behaviors towards money. The mass mindset of your culture, including the pervasive advice of advertisers, banks and advisors, is extremely persuasive in convincing you that you are a servant to money and its mysterious and magical attributes.
Nevertheless, if you have the discipline to enact these simple control mechanisms, you will become the master in your relationship with money and, in so doing, will begin to create the financial success you desire.
1. Spend less than you earn.
This is so obvious that it should not even need to be said. However, we live in a society that is predicated to debt financing. If you can't pay cash for it, do without.
2. Pay yourself first.
Take 10% of your income and save it. Don't spend it. Don't lend it. Live off the other 90%. That 10% will build your wealth. It is your foundation.
3. Get out of debt.
The interest you pay on borrowed money, if saved or invested instead, would be enough to retire on. Debt does more than make you a servant to money, it turns you into a slave.
4. Have multiple sources of income.
Reliance upon a single source of income is a recipe for disaster. If your primary source of income supports your lifestyle, your secondary sources will build your wealth.
5. Create passive income.
So long as you work for your money, you are the servant. When your money works for you, it is your servant. Simple, isn't it?
6. Invest in yourself.
Wealth is a product of mind. Expand your mind. Educate yourself about wealth creation. Learn, and then apply, the millionaire mindset secrets of the masters. I give away a free ebook on my website that will help you get the mindset that allowed me to become a self-made millionaire.
Understand that money is not wealth. It is simply an agreed upon medium of exchange that enables you to trade one form of wealth (what you are and what you can contribute) for another form of wealth (food, shelter, security, freedom, pleasures,etc.
The more value that you can offer, the more valuables you can accumulate. Become more valuable. Invest in you. You will get to have wealth after you become wealthy.
? Leslie Fieger. All rights reserved worldwide.
Leslie is the author of The DELFIN Knowledge System Trilogy: The Initiation, The Journey and The Quest plus many more success publications. He also the co-author of The End of the World with Hugh Jeffries and Alexandra's DragonFire with his daughter Ashley. Subscribe to his free and ad-free eZine at http://www.prosperityparadigm.com or http://www.prosperityparadigm.com
Reprinting and republishing of this article is granted only with the above credit included. Permission to reprint or republish does not waive any copyright.
home cleaning services Deerfield ..As someone who loves to shop, enjoys holidays and owns... Read More
Why not run a lucrative paper business? Paper businesses do... Read More
At any time in history, no matter what the current... Read More
Wealth - an abundance of values. Each of us determines... Read More
Steve Martin once delivered an opening monologue for Saturday Night... Read More
Simple tips on saving can very often make quite a... Read More
The idle are a peculiar kind of dead that cannot... Read More
How Much Money Will I Need to Earn to Retire?This... Read More
Financial planning at an early age may seem complicated, however... Read More
Anyone knows that material wealth is measured in goods: apples,... Read More
Parents must give serious thought to protecting their family through... Read More
Have you seen a picture of the Parthenon in Athens,... Read More
Before I had a lot of money, I was really... Read More
To lose weight in the 80's, we went on low-calorie... Read More
Time and time again entrepreneurs are losing out on getting... Read More
Despite what you may have read or heard, anyone is... Read More
The word 'diversity' is a unique one. It can represent... Read More
If you're wondering where to create passive income, then you... Read More
For most of us, the idea of retiring simply on... Read More
It is sometimes pitful how many projects are never born... Read More
When young men ask me how to succeed, I tell... Read More
Want to be one of the lucky ones on the... Read More
At any time in history, no matter what the current... Read More
E-currency is very popular on the Internet today. People use... Read More
1. Pay off high-cost debt. The best investment most borrowers... Read More
recurring housekeeping Highland Park ..There could not be a better time to mull over... Read More
Ever think about how eating all those fast food meals... Read More
You know about compounding right? You understand what pyramiding your... Read More
This is a true story from my own experience that... Read More
Financial planning is an ongoing process individuals and businesses should... Read More
"Any fool can rich, the wise get wealthy." Chris WidenerGetting... Read More
Key 1 Pay your self firstkey 2 Saving is not... Read More
Everyone wants to be wealthy. Only a few actually achieve... Read More
I am often amused by the ads and offers I... Read More
It's no secret that the market goes UP...the market, goes... Read More
In his best selling book, "Rich Dad, Poor Dad, Robert... Read More
There is no questioning that the amount of unclaimed money... Read More
This article focuses on generating cash as a full time... Read More
"My people are destroyed for lack of knowledge." Hosea 4:6... Read More
I have given many prosperity lectures over the years and,... Read More
"Join our program and retire in 3 months..." yeah, right.We... Read More
You can learn the secrets of world monetary flow if... Read More
Bottom line. No exaggeration. No hype. If you want to... Read More
Why not run a lucrative paper business? Paper businesses do... Read More
A residual income is one that comes in no matter... Read More
If you don't have discipline then walk away from the... Read More
Have you wondered why financial experts only tell you certain... Read More
1. Save up to 50% per month on convenience cleaner... Read More
Giving and ReceivingIt seems that people generally find it easy... Read More
Perhaps the primary message of Rich Dad, Poor Dad is... Read More
Wealth Building |