#1: Change the Way You Think About Money
The general population has a love / hate relationship with
wealth. They resent those who have it, but spend their entire
lives attempting to get it for themselves. The reason a vast
majority of people never accumulate a substantial nest egg is
because they don't understand the nature of money or how it
works.
Cash, like a person, is a living thing. When you wake up in the
morning and go to work, you are selling a product - yourself (or
more specifically, your labor). When you realize that every
morning your assets wake up and have the same potential to
work as you do, you unlock a powerful key in your life. Each
dollar you save is like an employee. Over the course of time, the
goal is to make your employees work hard, and eventually, they
will make enough money to hire more workers (cash).
When you have become truly successful, you no longer have to
sell your own labor, but can live off of the labor of your assets.
#2: Develop an Understanding of the Power of Small Amounts
The biggest mistake most people make is that they think they
have to start with an entire Napoleon-like army. They suffer
from the "not enough" mentality; namely that if they aren't
making $1,000 or $5,000 investments at a time, they will never
become rich. What these people don't realize is that entire
armies are built one soldier at a time; so too is their financial
arsenal.
A friend of mine once knew a woman who worked as a
dishwasher and made her purses out of used liquid detergent
bottles. This woman invested and saved everything she had
despite it never being more than a few dollars at a time. Now,
her portfolio is worth millions upon millions of dollars, all of
which was built upon small investments. I am not suggesting
you become this frugal , but the lesson is still a valuable one. Do
not despise the day of small beginnings!
#3: With Each Dollar You Save, You Are Buying Yourself
Freedom
When you put it in these terms, you see how spending $20 here
and $40 there can make a huge difference in the long run. Since
money has the ability to work in your place, the more of it you
employ, the faster and larger it will grow. Along with more
money comes more freedom - the freedom to stay home with
your kids , the freedom to retire and travel around the world, or
the freedom to quit your job. If you have any source of income,
it is possible for you to start building wealth today. It may only
be $5 or $10 at a time, but each of those investments is a stone
in the foundation of your financial freedom.
#4: You Are Responsible for Where You Are in Your Life
Years ago, a friend told me she didn't want to invest in stocks
because she "didn't want to wait ten years to be rich..." she
would rather enjoy her money now. The folly with this school of
thinking is that the odds are, you are going to be alive in ten
years. The question is whether or not you will be better off when
you arrive there. Where you are right now is the sum total of the
decisions you have made in the past. Why not set the stage for
your life in the future right now?
#5: Instead of Buying the Product... Buy the Stock!
Someone once asked me why they weren't wealthy. They
always felt like they were putting money aside, yet never
seemed to get any further ahead. The answer is simple. I told
them to stop buying the products companies sell and start
buying the company itself! A survey of America's affluent (those
who make over $225,000 a year or own $3,000,000 in assets)
revealed that 27-30% of all the income the wealthy earned went
into investments and savings. That isn't a result of being rich,
that is why they are rich. When the pain of getting out of the
bondage of financial slavery is greater than the pain of
changing your spending habits, you will become rich. Either
change, or be content to live as
Michael Lan#1: Change the Way You Think About Money
The general population has a love / hate relationship with
wealth. They resent those who have it, but spend their entire
lives attempting to get it for themselves. The reason a vast
majority of people never accumulate a substantial nest egg is
because they don't understand the nature of money or how it
works.
Cash, like a person, is a living thing. When you wake up in the
morning and go to work, you are selling a product - yourself (or
more specifically, your labor). When you realize that every
morning your assets wake up and have the same potential to
work as you do, you unlock a powerful key in your life. Each
dollar you save is like an employee. Over the course of time, the
goal is to make your employees work hard, and eventually, they
will make enough money to hire more workers (cash).
When you have become truly successful, you no longer have to
sell your own labor, but can live off of the labor of your assets.
#2: Develop an Understanding of the Power of Small Amounts
The biggest mistake most people make is that they think they
have to start with an entire Napoleon-like army. They suffer
from the "not enough" mentality; namely that if they aren't
making $1,000 or $5,000 investments at a time, they will never
become rich. What these people don't realize is that entire
armies are built one soldier at a time; so too is their financial
arsenal.
A friend of mine once knew a woman who worked as a
dishwasher and made her purses out of used liquid detergent
bottles. This woman invested and saved everything she had
despite it never being more than a few dollars at a time. Now,
her portfolio is worth millions upon millions of dollars, all of
which was built upon small investments. I am not suggesting
you become this frugal , but the lesson is still a valuable one. Do
not despise the day of small beginnings!
#3: With Each Dollar You Save, You Are Buying Yourself
Freedom
When you put it in these terms, you see how spending $20 here
and $40 there can make a huge difference in the long run. Since
money has the ability to work in your place, the more of it you
employ, the faster and larger it will grow. Along with more
money comes more freedom - the freedom to stay home with
your kids , the freedom to retire and travel around the world, or
the freedom to quit your job. If you have any source of income,
it is possible for you to start building wealth today. It may only
be $5 or $10 at a time, but each of those investments is a stone
in the foundation of your financial freedom.
#4: You Are Responsible for Where You Are in Your Life
Years ago, a friend told me she didn't want to invest in stocks
because she "didn't want to wait ten years to be rich..." she
would rather enjoy her money now. The folly with this school of
thinking is that the odds are, you are going to be alive in ten
years. The question is whether or not you will be better off when
you arrive there. Where you are right now is the sum total of the
decisions you have made in the past. Why not set the stage for
your life in the future right now?
#5: Instead of Buying the Product... Buy the Stock!
Someone once asked me why they weren't wealthy. They
always felt like they were putting money aside, yet never
seemed to get any further ahead. The answer is simple. I told
them to stop buying the products companies sell and start
buying the company itself! A survey of America's affluent (those
who make over $225,000 a year or own $3,000,000 in assets)
revealed that 27-30% of all the income the wealthy earned went
into investments and savings. That isn't a result of being rich,
that is why they are rich. When the pain of getting out of the
bondage of financial slavery is greater than the pain of
changing your spending habits, you will become rich. Either
change, or be content to live as
Michael Lan#1: Change the Way You Think About Money
The general population has a love / hate relationship with
wealth. They resent those who have it, but spend their entire
lives attempting to get it for themselves. The reason a vast
majority of people never accumulate a substantial nest egg is
because they don't understand the nature of money or how it
works.
Cash, like a person, is a living thing. When you wake up in the
morning and go to work, you are selling a product - yourself (or
more specifically, your labor). When you realize that every
morning your assets wake up and have the same potential to
work as you do, you unlock a powerful key in your life. Each
dollar you save is like an employee. Over the course of time, the
goal is to make your employees work hard, and eventually, they
will make enough money to hire more workers (cash).
When you have become truly successful, you no longer have to
sell your own labor, but can live off of the labor of your assets.
#2: Develop an Understanding of the Power of Small Amounts
The biggest mistake most people make is that they think they
have to start with an entire Napoleon-like army. They suffer
from the "not enough" mentality; namely that if they aren't
making $1,000 or $5,000 investments at a time, they will never
become rich. What these people don't realize is that entire
armies are built one soldier at a time; so too is their financial
arsenal.
A friend of mine once knew a woman who worked as a
dishwasher and made her purses out of used liquid detergent
bottles. This woman invested and saved everything she had
despite it never being more than a few dollars at a time. Now,
her portfolio is worth millions upon millions of dollars, all of
which was built upon small investments. I am not suggesting
you become this frugal , but the lesson is still a valuable one. Do
not despise the day of small beginnings!
#3: With Each Dollar You Save, You Are Buying Yourself
Freedom
When you put it in these terms, you see how spending $20 here
and $40 there can make a huge difference in the long run. Since
money has the ability to work in your place, the more of it you
employ, the faster and larger it will grow. Along with more
money comes more freedom - the freedom to stay home with
your kids , the freedom to retire and travel around the world, or
the freedom to quit your job. If you have any source of income,
it is possible for you to start building wealth today. It may only
be $5 or $10 at a time, but each of those investments is a stone
in the foundation of your financial freedom.
#4: You Are Responsible for Where You Are in Your Life
Years ago, a friend told me she didn't want to invest in stocks
because she "didn't want to wait ten years to be rich..." she
would rather enjoy her money now. The folly with this school of
thinking is that the odds are, you are going to be alive in ten
years. The question is whether or not you will be better off when
you arrive there. Where you are right now is the sum total of the
decisions you have made in the past. Why not set the stage for
your life in the future right now?
#5: Instead of Buying the Product... Buy the Stock!
Someone once asked me why they weren't wealthy. They
always felt like they were putting money aside, yet never
seemed to get any further ahead. The answer is simple. I told
them to stop buying the products companies sell and start
buying the company itself! A survey of America's affluent (those
who make over $225,000 a year or own $3,000,000 in assets)
revealed that 27-30% of all the income the wealthy earned went
into investments and savings. That isn't a result of being rich,
that is why they are rich. When the pain of getting out of the
bondage of financial slavery is greater than the pain of
changing your spending habits, you will become rich. Either
change, or be content to live as
Michael Lan

Did you press the ''SEND'' button three times? Cos your post appeared three solid times. oh well! you just confirmed the network you are using.