The good news is that financial independence is easier to achieve this days than it was in the past. We live in the information age and this create avenue for people to rich easier in all human history.
The world is now a global village, so anything can happen. We are Surrounded by more wealth and affluence than ever before. Your goal should be to participate fully in what many people are starting to refer to as the “Golden Age” of mankind.
Money has energy of its own and it is largely attracted to people who treat it well. Money tends to flow toward those people who can use it in the most productive ways to produce valuable goods and services, and who can invest it to create employment and opportunities that benefit others.
At the same time, money flows away from those who use it poorly, or who spend it in non-productive ways. Your job is to acquire as much money as you
honestly can and then to use it enhance the quality of your life and the lives of
those around you.
Here now are the Unbreakable Laws 0f money
#1: The Law of Conservation:
It’s not how much you make, but how much you keep, that determines your financial future.
Many people make a lot of money in the course of their working lifetimes. During peak or boom periods, people mostly exceed their expectations and make more money than they ever thought possible.
The true measure of how well you are really doing is how much you
Keep out of the amount that you earn. Successful people are conscious about putting away chunks of money regularly and paying back all their debt during prosperous times so that they have reserves set aside when the economy or business turns downward.
Parkinson’s Law is one of the best known and the most important laws of money and wealth accumulation. It was developed by English writer C. Northcote Parkinson many years ago and it explains why most people retire poor.
This law says that, no matter how much money people earn, they tend to spend the entire amount and a little bit more. Their expenses rise to meet with their incomes. Many people are earning today several times what they were earning at their first jobs. But somehow, they seem to need every single penny to maintain their current lifestyles. No matter how much they make, there never seems to be enough.
Now what do you do; financial independence comes from violating Parkinson’s Law.
It is only when you develop sufficient will power to resist the powerful urge to spend everything you make that you begin to accumulate money and move ahead of the crowd.
The second thing to do: If you allow your expenses to remain at a reduced rate than your income, and you save or invest the difference, you will become financially independent in your working lifetime.
This is the key. It is called the “wedge.” If you can drive a wedge between your increasing earnings and the increasing costs of your lifestyle, and then save and invest the difference, you can continue to improve your lifestyle as you make more money.
By consciously violating Parkinson’s Law, you will eventually become financially independent. From this point forward, resolve to save and invest fifty percent of any increase you receive in your income from any source. Learn to live on the rest. Save fifty percent of any amount that you receive from any source. This still leaves you the other fifty percent to do whatever you like.
Watch out for Law #2
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