Welcome to #InspireAfricaProject! I have never met anyone who doesn’t want to become financially stable. Those who pretend not to like it leave their houses between 5AM to 6AM every morning so that they can get to their shops and offices on time.
Money is not evil, it simply takes the character of its owner. Money is a neutral means of exchange, it doesn’t have the power to become either good or bad- the owner decides that. If you’re a bad person your money will become bad. If you’re like Bill Gates and Warren Buffet who uses their money to make the world a better place, then your money will become good.
It’s interesting to know that the first known billionaire on earth (John D. Rockefeller) was a dedicated Christian! Sam Walton who founded Walmart was a Sunday school teacher in their church before he died. Stop hugging poverty in the name of Christianity, that’s not the will of God for you.
The first principle of money is that a part of all you earn must be yours. By putting aside at least 20% of your earning, and making the money inaccessible for expensive, the money will keep multiplying itself with time through the power of compound interest. Many people built their fortune by paying themselves first.
The world’s most aggressive savers make investment a central part of their lives. To get in the habit of saving money every month, immediately take a predetermined percentage of your income and put it in a savings account that you don’t allow yourself to touch.
Keep building the account until you’ve saved enough to either invest in real estate, establish a business or any form of money making investment. If you fail to do this, you will keep wasting money till you die. That’s why some families struggle all their lives.
Dr, John Demartini is a chiropractor who now conducts seminars for other chiropractors on how to grow themselves personally and their practice financially. He said; “When I first got into practice years ago, I paid everybody first and took whatever was left over. I didn’t know any better.
Then I noticed that people who had only been working for me less than six months were all getting paid on time. I realized that their pay was fixed and mine was variable. That was kind of crazy. The most important person (me) was the one under the stress, while the others had all the stability.
I decided to turn that around and pay myself first. I pad my taxes second, my lifestyle budget third, and my bills fourth. I arranged for automatic withdrawals, and they’ve completely changed my financial situation.
I don’t waver. If bills pile up and money doesn’t come in, I don’t stop the withdrawals. My staff is forced to find a way to book more seminars and collect more money. Under the old system, if they didn’t book or collect, it was in my back. But now, it is the other way around. If they want to get paid, they figure out ways to make more money.
Another rule John suggests is that you never spend more than you save. John puts 50% of every dollar he earns into savings. If he wants to increase his personal expenditures by $45,000, he first has to earn an additional $90,000. Let’s say you want to buy a car for $40,000. If you can’t put an extra $40,000 into savings, you don’t buy the car. Either buy a cheaper car, make do with what you have right now, or go out and make more money.”
The key is that you don’t raise your lifestyle until you’ve earned the right to raise it by putting the same amount into savings. If you do raise your savings by $40,000, you know you’ve earned the right to raise your lifestyle by that same amount. This law will get you rich very quickly. It is the billionaire’s lifestyle. You too can do it.
Many people wait to start saving until they have some extra money lying around- a comfortable surplus. But it doesn’t work like that. You have to start saving and investing for the future now! And the more you invest, the sooner you will reach financial independence.
Sir John Templeton started out working for $150 a week as a stockbroker. He and his wife, Judith Folk, decided to invest 50% of their income in the stock market while still making tithing a priority. That left the two of them only 40% of his income to live on. John later became a billionaire! He kept that practice all through his lifetime and later started giving away $10 for every dollar he spends to individuals and organizations that supports spiritual growth.
Jack Canfield said; “The truth is that more than 99% of millionaires and billionaires are hardworking, methodical savers and investors. These folks typically make their fortune in one of three ways: From entrepreneurship, which accounts for 75% of all the multimillionaires in the United States of America; as an executive at a major corporation, about 10% of millionaires; or as a professional practitioner (doctor, lawyer, dentist, certified public accountant, architect). Additionally, abut 5% become millionaires through sales and sales consulting!
Indeed, most of U.S. millionaires are regular folks who worked hard, lived within their budgets, saved 10% to 20% of all their income, and invested it back into business, real estate, and the stock market. They are the people who own the dry cleaning business, the car dealership, the restaurant chain, the bread company, the jewelry store, the cattle ranch, the trucking company, and the plumbing supply store.”
Robert T. Kiyosaki said; “Rule one. You must know the difference between an asset and a liability and buy assets. Poor and middle class acquire liabilities, but they think they are assets. An asset is something that puts money in my pocket. A liability is something that takes money out of my pocket.”
If you want to become financially free I will recommend two books for you. The first 15 Laws of Money. The book will show you the secrets of making, managing and multiplying money. The second one is The Entrepreneur. It will help you to know where and how to invest your money for uncommon profits. Call Godwin on 07032681154 to order for the books immediately. Welcome to the world of unlimited financial abundance!
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