Wednesday, 11 March 2009

Debt Management (escaping mediocrity)

Spend less than you earn, and invest the difference!
Tony robbins

Ever since I heard this, I've been constantly doing this.
four houses, 3 businesses later. I'm still doing it!
I'm not greedy, but in a habbit of saving and investing.
and things come easy now. It was hard to do to begin with
but I'm very glad I began, becasue at 38 i'm close to being
able to retire.



As Pt Barnum(the greatest show on Earth)
stated "Vanity is the cause of many
wasted fortunes". So, care less about the eyes of others
and more about what you want to happen in the
future for yourself.

If you want abject poverty, spend every penny on
things that will break or will mean nothing in 10 years.

If you don't want to be boring, split your money into
different pots.
Debts, Investment, Living, tithing & Fun!
Living(rent, mortgage, food, utilities)
investment 10% (saving, property stocks, business)
fun 10%(new clothes, beer,meals)
debt(as much as you can)
Loans(only if you can earn more than you pay)

remember investments should breed more monies
always seek professional advice( read the
richest man in babylon-George Clason &
rich dad, poor dad-Robert Kiyosaki.

But definately spend less than you earn
Aim:
to Have more month than money!!

Lol
Have fun, live long and be financially litererate!

warmest regards
Richard Saupe
AaaRepairman.com
YourCurrysir.com

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