Financial freedom comes to the person who knows how to save 10% or more of his income throughout his lifetime.
One of the smartest things that you can ever do for yourself is to develop the habit of saving part of your salary, every single paycheck.
Individuals, families and even societies are stable and prosperous to the degree to which they save money. Savings today are what guarantee the security and the possibilities of tomorrow.
How much do you know about money?
It’s interesting that most people think about money all the time and don’t know anything about it…. Read more
A general rule in your financial success in business is that you cannot increase profits directly, only indirectly. You cannot just say that you are going to increase profits of your business without some specific strategy.
The only thing that you can do to increase profits is to improve the variables that ultimately determine your level of profitability. When you improve these 10 variables about your business you will increase profits and affect your bottom line. … Read more
How much are you worth? Do you think you are worth more than the amount of money you make at your job?
There is a direct relationship between your self-concept, on the one hand, and your performance and effectiveness, on the other.
Your self-concept is the bundle of beliefs that you have about yourself. Self-concept is the way you see yourself and think about yourself in every area of your life. … Read more
If you want to be the best and learn how to become a millionaire, you must first find out what the top people do and then do it yourself. The top three percent of Americans in all fields, act as if they “own the place.” They look upon everything that happens in their companies as though they own one hundred percent of the stock. They take everything personally. They feel personally responsible for sales, quality, profitability, distribution, and cost-effectiveness. They are totally engaged with their work and with their products and services…. Read more
Do you wish to become financially independent? More than eighty percent of self-made millionaires in America began with nothing or in many cases, less than nothing. I can certainly relate to that because when I was growing up and right into my early 30s, I never had any extra money with which to start a fortune. It seemed to me that there was always enough, if not more than enough bills, to absorb every penny I earned. I was always in debt.
The primary reason for financial problems in life is lack of self discipline, self mastery, and self control. It is the inability to delay gratification in the short term. It is the tendency for people to spend everything they earn and a little more besides, usually supplemented by loans and credit card debt…. Read more
To obtain the type of financial independence you’ve been dreaming about all your life, you must learn to develop a “millionaire mindset”. Thomas Stanley and William Danko, in The Millionaire Next Door, explain that most wealthy people and self-made millionaires drive used cars, live in average neighborhoods, wear average-priced clothes and watches and are very careful with their money…. Read more
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