On the Road to Wealth

The Secrets to Wealth

People whose net worth ranged from "comfortable" to approaching a billion dollars all achieved significant financial wealth, and all of them have done it on their own. There was no inherited money they accumulate money. TIPS for uu.

1. Save 10% of everything you make, no matter what. The amount they recommended varied slightly, but they were unanimous: Live within your means and save money every month.

2. Invest for the long haul. They pointed to Warren Buffet and noted that he buys and holds a stock for 20 years or longer. Invest in things you understand, and hold on!

3. Avoid debt. They talked about raising capital for their businesses (sometimes borrowing from investors), but insisted that personal debt be eliminated. One woman said, "consumer debt is devastating. If you want to achieve financial wealth, kill your credit cards." Another added, "no car or boat or anything else is worth the cost (financial and emotional) of borrowing money."

4. Crunch the numbers. They talked about doing their financial statements "every month, no matter what." Another added, "Only the numbers tell you how you're really doing; you've got to watch them like a hawk and use the information every day."

5. Have a plan. They expect their investments to grow steadily over the years (not over-night), and they plan accordingly. They emphasized setting 20, 30, even 50-year financial goals.

6. Know that money is one way of keeping score, but it's not the game itself. Money comes from investing or creating or doing something other people value and will pay for. They emphasized that "it's fun to have nice things" but noted that the money was secondary to doing "interesting things."

All of them had stories of starting out with school loans, small children, a "stuffy little apartment," working for minimum wage or eating "lots of macaroni and cheese," and yet knowing that they could "achieve some measure of success." Now, they've done it, and so can you. We can learn from the experts!

Thought for Today Saturday September 5 2009

The Fear you let build up in your mind is worse than the situation that actually exists.

Examine the times you were fearful. Think back to what actually happened when you face whatever it was you were fearful of. How did you feel after facing the Fear?

Leave a comment.

Your thought for the day.

It is never too late to be what we might have been. George Eliot.
What are your thoughts?

Motivation

There are days when we want to do everything possible and others when we want to just lie in and do nothing. Ever wonder why?
Check out the following.

I've been getting a wonderful Newsletter from Dr Philip Humbert,
a great success coach and motivational speaker. Every week he
sends one of the best newsletters around, one of the few I
actually read. It has a warm, personal touch with lots of
motivation, great business tips, quotes and even some nice humor!
This month he's giving away a free report (and a self-assessment
form) to help you achieve your goals and create the life you truly
want. And best of all, it's FREE! I love it and thought you might
find it useful, too. Get your copy at: http://philiphumbert.com/Free

++++++++++

Affordable Home away from Home on your vacation

Are you not tired on that same old hotel room? Come join me at West Gate. Enquires can be made on this blog. I will answer any questions you may have.
I'll show you how to do a virtual tour and see what you can experience for 4- 7 nights, for less than 3 nights in a hotel room.
Ask away.

A Thought for Today.

You can improve your life situation, but you cannot improve your life. Life is already whole, complete, perfect.

What are your views?

Why Vacation?

That is a question we should all answer. We work for the most part 44-46 weeks per year. Should we not go away from our routine for at least a week or two or three?

For me a vacation away from the usual is a MUST. Whether it is a family vacation, to spend time with a friend or just to see some new exotic place.

And to those who think it cannot be done, look at the low airfare, the special hotel rates and if cost is still a factor, take a friend.
Share the cost and that way you would have some one there to go to dinner with to chill with or just someone familiar.

If you live in the Islands, try the cities of the Americas, New York, Orlando, Chicago where ever your spirit leads you.

Just do it.