Happiness, Health, Wisdom and Wealth ™"The Owner's Manual for Your Life" |
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WealthWealth is an important part of your life. Our definition of wealth is: "Wealth – a state of being measuring the sufficiency of equity to meet present and future financial challenges." Wealth is not about how much you have but how much you have to meet your needs. No doubt you’ve heard the saying, “The rich get richer and the poor get poorer.” Have you ever really thought about it? Is it true? If so, why is it true? The implication is that the rich are doing some hidden evil to gain riches at the expense of the poor. Is that true? What if we changed the context to help us understand? What if we said, “Runners get better at running and non-runners get worse”? Would that surprise anyone? Would it imply that runners were doing some hidden evil to gain running skill at the expense of non-runners? Or how about, “The wise get wiser and the foolish get more foolish”? You get the idea, right? Runners improve because they run a lot and non-runners continue to let their running muscles atrophy. The wise use their wisdom to pursue still greater wisdom while the foolish wallow deeper and deeper into foolishness. The rich get richer because they have invested time and effort in learning how to manage money effectively and the poor get poorer because they haven’t developed these skills. Another way of making our original statement would be, “People who manage money well gain money and people who don’t manage money well lose money.” Now, said that way, it’s kind of obvious isn’t it? Of course the rich get rich and the poor get poorer. The question is, “Which do you want to be?” How do you make a small fortune without getting good at handling money? Are you ready for the secret? The magic answer? Here it is… Start with a large fortune!!! Lottery winners prove this every day. Winning a million dollars doesn’t get you money skills, it just gives you more to mismanage. And mismanaging money is a sure way to end up without any. Getting good with money is no harder and no easier than getting good at most anything. There are basic principles to learn, skills to practice, research to be done, and choices to make. Anyone can good at managing money. Anyone can get rich. The links below have some of the best information available anywhere, they're a great place to begin. Let’s start learning!!! |
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Wealth NewsMommy Millionaire 15 tips to help moms become millionaires Wealth LinksCredit Saving State-sponsored college savings plans Investing Start learning about investing Everything about the bond market Reading annual reports (the fun way) Taxes Your Personal Financial Advisor Great help from the other side Smart Shopping Retirement |
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