HOW TO BE YOUR OWN FINANCIAL MANAGER

Be Your Very Own Financial Manager

Financial freedom comes to the person who knows how to save ten percent 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 to Save Money and Practice Frugal Living

The first corollary of the Law of Saving and becoming a money saving expert  comes from the book The Richest Man in Babylon by George Classon. It is to “Pay yourself first.”

Begin today to save ten percent of your earnings, off the top, and never touch it. This is your fund for long-term financial accumulation and you never use it for any other reason except to assure your financial future.

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The remarkable thing is that when you pay yourself first, and force yourself to live on the other ninety percent promoting your living, you will soon become accustomed to it. 

You are a creature of habit. When you regularly put away ten percent of your earnings, you soon become comfortable living on the other ninety percent. Many people start by saving ten percent of their income and then graduate to saving fifteen percent, twenty percent, and even more. And their financial lives change dramatically as a result. So will yours.

The second corollary of the Law of Saving and becoming a money saving expert says, “Take advantage of tax deferred savings and investment plans.”

 Because of high and even multiple tax rates, money that is saved or invested without being taxed accumulates at a rate of 30% to 40% faster than money that is subject to taxation. Self-made millionaires, according to Dr Thomas Stanley’s book The Millionaire Next Door, are almost obsessive about accumulating their funds in assets such as real estate, self owned businesses and equities that increase in value without triggering tax liabilities.

Invest in company pension and retirement plans, 401(k) plans, IRA’s, Keough Plans, Roth IRA’s, Education Investment Accounts, stock option programs and whatever else has been approved by the IRS for long term financial accumulation. Make every dollar count!

2 Ways to Become Your Very Own Money Saving Expert Today

First, begin today to put away ten percent of your earnings. Set up a special account for this purpose and treat your contributions to this account with the same respect that you do your rent or mortgage payments each month.

Second, become a lifelong student of  how to save  money. Read the best books, take courses and subscribe to the most helpful magazines. Know what you are doing so you can always make intelligent decisions when you invest your funds.

Thank you for reading this article about how to save money and the importance of frugal living! Become your very own money saving expert today and achieve financial freedom throughout your life! Please share and comment

How To Make Extra Income

How To Make Extra Income: Two Business Secrets of Famous Entrepreneurs

When I reached the age of 30, I was still just as broke as when I was 20 and I truly did not know how to make money the right way. Then I did something that changed my life. I began asking myself, why are some people, especially famous entrepreneurs more successful in business and business development than others? This question set me off on a search for the answers, which led to this blog.

Key Business Development Secrets

These 2 “secrets” of famous entrepreneurs, are the keys to learning how to make money the right way and be a success in business development . Since you are reading this blog, I know that one of your great goals in life is to become an extraordinary business person. Each of these business success secrets will help you to move ahead more rapidly toward the wonderful life that is possible for you. Enjoy

 the journey!

Secret 1: Learn How To Make Money For Your Business

My secret for learning  how to make money is focused on what you can contribute to your business. The market pays excellent rewards for excellent performance. It pays average rewards for average performance and below-average rewards, failure, and frustration for below average performance. If you need to know how to make money for your business, your goal should be to become an expert in your chosen field by learning every single detail about how to do your work better and better.

Read all the magazines and blogs in your field. Read and study the latest books. Follow and add  famous business owners    in your industry on social media to receive their news feeds. Attend courses and seminars given by experts in your field. Join your industry or trade association, attend every meeting, and get involved with the other top people in your field. 

If you are in sales, become an aggressive, life long student  of the selling process. The top 20% of salespeople earn, on average, 16 times the amount earned by the bottom 80% of salespeople. The top 10% of salespeople earn even more. If you are in management, resolve to become an outstanding professional manager. If you are starting and building your own business, study entrepreneurial strategies, famous entrepreneurs and tactics and try out new ideas every single day.

Secret 2: Famous Entrepreneurs Get Around The Right People

Fully 85% of your success and happiness in life is going to be determined by the quality of the relationships that you develop in your personal and your business activities. Similar to famous entrepreneurs, the more people you know and who know you in a positive way, the more successful you will be and the faster you will move ahead.

At virtually every turning point in your life, someone is standing there to either help you or hinder you.  famous business owners make a habit of building and maintaining a network of high-quality relationships throughout their lives, and as a result, they accomplish vastly more than the person who goes home and watches television each night.

More than 90% of your success will be determined by your “reference group.” Your reference group is defined as the people with whom you habitually identify and pass the time.

You are like a chameleon in that you take on the attitudes, behaviors, values, and beliefs of the people with whom you associate most of the time. If you want to be a successful person in business, if you want to become one of the famous entrepreneurs, associate with positive.

 Associate with people who are optimistic and happy and who have goals and who are moving forward in their lives. At the same time, get away from negative, critical, complaining people. If you want to fly with the eagles, you cannot scratch with the turkeys.

Whenever you meet new people, ask them to tell you about their businesses and, tell you what you would need to know to send clients or customers to them. Then, as soon as possible, see if you can send some business their way. Be a “go-giver” rather than a go-getter. Always look for ways to put in before you start thinking of ways to take out.

The very best way to network and build your relationships is to constantly look for ways to help other people achieve their own goals. This is the best secret for learning how to make money without expecting something in return.

Become A Successful Business Person

If you consistently and persistently do the things that famous entrepreneurs and successful business people do, nothing in the world can stop you from becoming a big business success yourself. You are the architect of your own destiny. You are the master of your own fate. You are behind the steering wheel of your own life. There are no limitations to what you can do, have, or be except the limitations you place on yourself by your own thinking.

If you need to learn how to make money through business development, study the habits of the famous business owners and identify the trends in your business. What are the core competencies or key skills that you will need to lead your field in the future?

Make a plan today to develop those skills and then work on them every day. I wish you all the best!

don't forget to live and think positive.

26 INSPIRING FINANCIAL CLASS QUOTES

26 INSPIRING FINANCIAL QUOTES

1. Rich people believe "I create my life." Poor people believe "Life happens to me."
2. Rich people play the money game to win. Poor people play the money game to not lose.
3. Rich people are committed to being rich. Poor people want to be rich.
4. Rich people think big. Poor people think small.
5. Rich people focus on opportunities. Poor people focus on obstacles.
6. Rich people admire other rich and successful people. Poor people resent rich and successful people.
7. Rich people associate with positive, successful people. Poor people associate with negative or unsuccessful people.
8. Rich people are willing to promote themselves and their value. Poor people think negatively about selling and promotion.
9. Rich people are bigger than their problems. Poor people are smaller than their problems.
10. Rich people are excellent receivers. Poor people are poor receivers.
11. Rich people choose to get paid based on results. Poor people choose to get paid based on time.
12. Rich people think "both". Poor people think "either/or".
13. Rich people focus on their net worth. Poor people focus on their working income.
14. Rich people manage their money well. Poor people mismanage their money well.
15. Rich people have their money work hard for them. Poor people work hard for their money.
16. Rich people act in spite of fear. Poor people let fear stop them.
17. Rich people constantly learn and grow. Poor people think they already know.”
 18. “Don’t tell me where your priorities are. Show me where you spend your money and I’ll tell you                    what they are.” -James W. Frick

 19.“The interesting thing is: if you do it for love, the money comes anyway” – Richard St. J

20.“Money won’t create success, freedom to make it will” –Nelson Mandela
 21. Be nice to geeks, you’ll probably end up working for one” – Bill Gates
21,  “An investment in knowledge pays the best interest.” – Benjamin Franklin
22.Cocaine is God’s way of saying you’re making too much money.” –Robin Williams
23. “The individual investor should act consistently as an investor and not as a speculator.” – Ben Graham
24. “Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like.” -Will Smi
25. “I don’t look to jump over 7-foot bars: I look around for 1-foot bars that I can step over.” – Warren Buffett
26. “The way to make money is to buy when blood is running in the streets.” -John D. Rockefeller

Be inspired by this , know your weakness, ingnore them and maximize your srenght in what ever you do, and i bet you , you will soon be at the lime light.
 shalom !!

RIGHT EMOTION FOR WEALTH CREATION

THE RIGHT EMOTION FOR WEALTH CREATION

This lesson is from my Mother She always tells me that , my wealth creation goes together with the right emotion .She said ,if it’s not a good day it’s my own fault. I used to find that a little annoying because if a teacher gave me a bad grade or my brother hit me I figured it was not my fault things went badly. I have come to realize that everything in my life comes down to choices. Often a decision I made caused something to happen to me – so I had control over it in the first place. Or, even if it wasn’t my decision, I have a choice as to whether I let it ruin my day or not. I am not a bottle of happiness every moment of every day but when I am grouchy I do know that I am choosing to be that way and being happy is as simple as choosing to be happy. The same with wealth creation.
Do you know that most people who are trying to create wealth ,walk around with a chorus of negative voices sounding off in the back of their minds causing a great deal of confusion, distraction, loss of resolve, self doubt, lack of focus and concentration, indecisiveness, loss of energy and enthusiasm, reduced confidence and the drive to create wealth. But it is difficult to create wealth with negative emotions.
Do you know that negative "self talk"  about wealth creation is actually not coming from the "self" at all? Do you know that it comes from unwelcome intruders that have hijacked your mind and are also trying to take control of your life? Does this sound shocking or hard to believe?
Finally do you know there is a way to completely silence those unwelcome intruders for good? How does one do that you ask?
Those negative voices  about wealth creation and financial independence originate from a constantly playing audio tape that emerges from negative memories of past experiences stored in the subconscious mind. Many have referred to this as early conditioning and it corresponds to all of the negative messages one has received and recorded within
. Many of these messages get triggered whenever an event in one's current life in any way resembles the old past event of of failures about wealth creation and been rich.
wealth  creation is in some way wrong? Or are you afraid that you might not be able to manage wealth? If you watch yourself very closely, you will find that you are blocking off your own fullest expression in some way. A simple clarity about where you are creating these energy blocks for yourself is the first step towards wealth creating abundance.
Wealth Creation is all about high enthusiasm. Enthusiasm means being in a constant state of high energy for no particular reason. Whether you realize it or not, enthusiasm is a natural quality of all living beings. It is your very quality, just like your breathing. It is the natural life-force that runs through us all, urging us to move continuously towards greater and greater creativity and expansion. Expansion is the natural flow of life. The creation of abundance in any form is the very nature of life - whether it is material wealth, knowledge, relationships or spiritual wisdom.
Are you creating ‘wealth blocks’ for yourself? If you are not creating wealth, ask yourself where you are blocking off your life-energy. Are you carrying a secret guilt about wealth? Do you feel you are not worthy of wealth? Do you feel that been wealthy is a sin.
No, wealth creation is the easiest way to life fulfillment, happiness, influence and legacy.
Live with the right emotion to enable you to create wealth and retire financially free.

Thanks for reading ones more! We shall meet at the top!