Thursday, December 27, 2007

Getting Started

- Each of us has a financial genius within us. The problem is, our financial genius lies asleep, waiting to be called upon. It lies asleep because our culture has educated us into believing that the love of money is the root of all evil.

- I offer you the following ten steps as a process to develop your God-given powers:
  1. I NEED A REASON GREATER THAN REALITY: The power of spirit. IF YOU DO NOT HAVE A STRONG REASON, THERE IS NO SENSE READING FURTHER. IT WILL SOUND LIKE TOO MUCH WORK.
  2. I CHOOSE DAILY: The power of choice. choice we all make daily, the choice of what we do with our time, our money and what we put in our heads. That is the power of choice. All of us have choice. I just choose to be rich, and I make that choice every day.
  3. INVEST FIRST IN EDUCATION: In reality, the only real asset you have is your mind, the most powerful tool we have dominion over.
  4. CHOOSE FRIENDS CAREFULLY: The power of association.
  5. MASTER A FORMULA AND THEN LEARN A NEW ONE: The power of learning quickly. In today's fast-changing world, it's not so much what you know anymore that counts, because often what you know is old. It is how fast you learn. That skill is priceless.
  6. PAY YOURSELF FIRST: The power of self-discipline. If you cannot get control of yourself, do not try to get rich. the lack of personal self-discipline that is the No. 1 delineating factor between the rich, the poor and the middle class.
  7. PAY YOUR BROKERS WELL: The power of good advice. The more money they make, the more money I make.
  8. BE AN "INDIAN GIVER": This is the power of getting something for nothing. The sophisticated investor's first question is, "How fast do I get my money back?".
  9. ASSETS BUY LUXURIES: The power of focus. Too often today, we focus to borrowing money to get the things we want instead of focusing on creating money.
  10. THE NEED FOR HEROES: The power of myth. Copying or emulating heroes is true power learning.heroes do more than simply inspire us. Heroes make things look easy. It's the making it look easy that convinces us to want to be just like them. "If they can do it, so can I."
  11. TEACH AND YOU SHALL RECEIVE: The power of giving. Whenever you feel "short" or in "need" of something, give what you want first and it will come back in buckets. That is true for money, a smile, love, friendship. "Poor people are more greedy than rich people." He would explain that if a person was rich, that person was providing something that other people wanted.

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