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.
cleaning service near Bannockburn ..As a woman Netpreneur, I sat down via e-mail with... Read More
Most people work hard all their lives only to "retire"... Read More
Have you seen a picture of the Parthenon in Athens,... Read More
Whenever we read about building wealth or even attend a... Read More
I recently came across startling figures about the average American's... Read More
SCENE 1: Pharaoh has just woken up from a very... Read More
No one has complete control over their thoughts. But with... Read More
1) Pay off your loan, credit and store card debt... Read More
Part of learning to become financially free is to begin... Read More
Are you setting the right money goals?Most people believe having... Read More
Like I said, If you are poor and on social... Read More
At any time in history, no matter what the current... Read More
One of the things most of us have old ideas... Read More
Here's the truth: I have read hundreds and hundreds of... Read More
At any time in history, no matter what the current... Read More
Before I had a lot of money, I was really... Read More
There are only 2 ways to grow your wealth -... Read More
Building wealth is as simple as saving a little bit... Read More
"If you know how to spend less than you get,... Read More
Anyone knows that material wealth is measured in goods: apples,... Read More
U.S. Supreme Justice Louis D. Brandeis"I live in Alexandria Virginia.... Read More
Time and time again entrepreneurs are losing out on getting... Read More
Many of us do not consider the underlying belief system... Read More
"Ooooooh," you may say, "I could NEVER be good at... Read More
OK, this article will start with the cheapest piece of... Read More
pet-friendly home cleaners Mundelein ..When Building Wealth by Russ Whitney was released a few... Read More
1) Pay off your loan, credit and store card debt... Read More
Steve Martin once delivered an opening monologue for Saturday Night... Read More
One very important wealth creating habit is to set up... Read More
Most people know it's important to keep and organize all... Read More
Turn to the year 1999, a couple of friends sitting... Read More
Building wealth is as simple as saving a little bit... Read More
Self-Made Millionaires are not smarter or better than you. They... Read More
Many people have a false understanding of what it actually... Read More
In my last article on Creating Residual Income I mentioned... Read More
What is "The Commodity of Kings""Power is simply "the ability... Read More
I have given many prosperity lectures over the years and,... Read More
Financial planning is an ongoing process individuals and businesses should... Read More
Whether an established conglomerate or a fledgling company, a business... Read More
Like I said, If you are poor and on social... Read More
A residual income is one that comes in no matter... Read More
Let's begin easing you out of the pits. I mean,... Read More
Ever think about how eating all those fast food meals... Read More
"My people are destroyed for lack of knowledge." Hosea 4:6... Read More
They are the object of thinly disguised envy. They are... Read More
There are plenty of people who are in love with... Read More
OK, this article will start with the cheapest piece of... Read More
Points to ponder as you consider what can be done... Read More
Some people in this world are thinking that their poor... Read More
Financial independence is having the freedom to support yourself through... Read More
Wealth Building |