People that make money work in the Mint. If one wants to earn money, one simply must increase the service rendered to others. The same holds true, that it’s not how much money one makes, but how disciplined and consistently that person saves and invests. So, I would like to share the 7 cures for a lean purse, from The Richest Man in Babylon, by George Classon.
- Start thy purse to fattening. (Part of all you earn is yours to keep 10%)
- Control thy expenditures. (Create a budget, do not spend more than you earn)
- Make thy gold multiply. (Invest your money, where it can earn dividends)
- Guard thy treasure from loss. (Protect your assets from any losses)
- Make of thy dwelling a profitable investment. (Buy the home you live in)
- Insure a future income. (Invest in your future self, you will not be young forever, protect your family in the event of premature death)
- Increase thy ability to earn. (Self-improve, learn, grow expand your skills)
These money principals are very sound. If you are one that struggles with your money and are not sure where to start, begin today saving 3% of everything you earn. Put it in a place you can’t touch. Put it in a safe or some place in your home that is not that easily accessible to you, I know this sounds a bit old school but for some people this it what it takes until you have developed the discipline. Then gradually increase what you pay yourself. There is something empowering about seeing your money grow. This is what I call the law of the process. Everything in life has a process even the accumulation of money. Learn to pay yourself first it is vital to your financial health.
Stop for a moment and think. How do you feel when you think about money? Does your stomach get upset or do you feel a sense of power and security? Take the time to examine this feeling and trace it back to your childhood and ask yourself, why do I feel the way I feel about money? What was my first encounter with money? was it a positive or a negative encounter? This will help you uncover where your subconscious “lid” on money is and what’s really holding you back from earning more money, saving more money and being more aware of money. It all starts with our awareness, we must first become aware of our feelings about our finances then make a decision to change it and start taking action. George Bernard Shaw stated that, “It’s the duty of every man not to be poor.”
Martin Perdomo is a seasoned entrepreneur, co-founder and CEO of elite sales consulting group. Martin has presided over three companies and still continues to thrive in todays business environment.
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By: Martin Perdomo CEO
Elite Sales Consulting Group
“Strong Mind, Strong Will”
The Richest Man in Babylon By George Classon