Saturday, December 25, 2010

5 Lessons ...

The 5 Lessons A Millionaire Taught Me
about life and wealth.
~Richard Paul Evans

Lesson One:
Decide to be wealthy.
"Today I decide to be wealthy".

Lesson Two:
Take responsibility for your money.
1/ know how much money you have
2/ know where your money comes from
3/ know where your money is going
4/ know what your money is doing

Lesson Three:
Keep a portion of everything you earn.
Starting your nest egg.
Definition: A real or artificial egg that is put in a hen's nest to encourage it to continue laying after the other eggs have been removed.

Lesson Four:
Win in the margins.
Mind-set 1/ carefully consider each expenditure
Mind-set 2/ freedom & power are better than momentary pleasure
Mind-set 3/ does not equate spending with happiness
Mind-set 4/ protects the nest egg

Lesson Five:
Give back.
"The thoughtful man must shortly say, 'I would as soon leave
to my son a curse as the almighty dollar.'"
~Andrew Carnegie

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