Sunday, 10 March 2013

The secret of achieving wealth....

 The secret to achieving wealth ......

Fundamental Rule of money :-

1. MAKE MORE MONEY THAN YOU SPEND

2. SPEND LESS THAN YOU MAKE

3. DON'T BE AVERAGE AND OVER CONSUME

4. KEEP MORE OF THE MONEY YOU MAKE, IN ORDER TO LEVERAGE THAT INTO ASSETS

* Don't over complicate wealth building.........keep it simple



To live financially healthy :-

SPENDING - If you buy things you don't need, you'll soon sell things you need

SAVINGS - Don't save what is left after spending, spend what is left after savings

HARD-WORK - All hard work brings profit but mere talk leads only poverty

LAZINESS - A sleeping lobster is carried away by the water current

EARNINGS - Never depend on a single source of Income

BORROWINGS - The borrower become lender's slave

ACCOUNTING - Its no use carrying an umbrella, if your shoes are leaking

AUDITING - Beware of little expenses; a small leak can sink large ship

RISK - TAKING - Never test the depth of the river with both feet

INVESTMENT - Don't put all your eggs in one basket


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