Friday, May 24, 2013

3 powerful financial principles.



  1. Learn to live on less than you earn. Advertisers spend billions trying to convince you to be unhappy with what you have. They tell you happiness is in more things, nicer clothes, faster cars, newer furniture, or great vacations. So how much is enough? Often people use shopping as a therapy to relieve stress, boredom, loneliness of depression. Shopping makes them feel better for a time but the feeling rarely lasts. It causes new problems if you spend money you don’t have on things you can’t afford.

  2. Put the power of interest to work for you. Are you paying interest or earning it? Money in a savings account or invested carefully, will earn you interest. Your money works for you – you earn more than your original investment. That’s putting the power of interest to work for you.

  3. Exercise financial discipline. Most anything is possible with self-discipline, and without self-discipline, almost nothing is possible. It takes discipline to follow your roadmap and stay on the road to financial freedom. Discipline to live on less than you earn and put the power of interest to work for you.

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