UNBREAKABLE LAWS OF MONEY

 

 

UNBREAKABLE LAWS OF MONEY

One of our major goals in life is to be financial independence. Most people aim to reach the point where they have enough money so that they never have to worry about money again.

The good news is that financial independence is easier to achieve this days than it was in the past. We live in the information age and this create avenue for people to rich easier in all human history.

The world is now a global village, so anything can happen. We are Surrounded by more wealth and affluence than ever before. Your goal should be to participate fully in what many people are starting to refer to as the “Golden Age” of mankind.

Money has energy of its own and it is largely attracted to people who treat it well. Money tends to flow toward those people who can use it in the most productive ways to produce valuable goods and services, and who can invest it to create employment and opportunities that benefit others.

At the same time, money flows away from those who use it poorly, or who spend it in non-productive ways. Your job is to acquire as much money as you

honestly can and then to use it enhance the quality of your life and the lives of

those around you.

Here now are the  Unbreakable Laws 0f

The Law of Conservation:

It’s not how much you make, but how much you keep, that determines your financial future.

Many people make a lot of money in the course of their working lifetimes. During peak or boom periods, people mostly exceed their expectations and make more money than they ever thought possible.

The true measure of how well you are really doing is how much you

Keep out of the amount that you earn. Successful people are conscious about putting away chunks of money regularly and paying back all their debt during prosperous times so that they have reserves set aside when the economy or business turns downward.

Parkinson’s Law is one of the best known and the most important laws of money and wealth accumulation. It was developed by English writer C. Northcote Parkinson many years ago and it explains why most people

retire poor.

This law says that, no matter how much money people earn, they tend to spend the entire amount and a little bit more. Their expenses rise to meet with their incomes. Many people are earning today several times what they were earning at their first jobs. But somehow, they seem to need every single penny to maintain their current lifestyles. No matter how much they make, there never seems to be enough.

Now what do you do; financial independence comes from violating Parkinson’s Law.

It is only when you develop sufficient will power to resist the powerful urge to spend everything you make that you begin to accumulate money and move ahead of the crowd.

The second thing to do: If you allow your expenses to remain at a reduced rate than your income, and you save or invest the difference, you will become financially independent in your working lifetime.

This is the key. It is called the “wedge.” If you can drive a wedge between your increasing earnings and the increasing costs of your lifestyle, and then save and invest the difference, you can continue to improve your lifestyle as you make more money.

By consciously violating Parkinson’s Law, you will eventually become financially independent. From this point forward, resolve to save and invest fifty percent of any increase you receive in your income from any source. Learn to live on the rest. Save fifty percent of any amount that you receive from any source. This still leaves you the other fifty percent to do whatever you like.

The Law of Saving:

Financial freedom comes to the person who saves ten percent or more of his income throughout his lifetime.

One of the smartest things that you can do is to develop the habit of

saving part of your salary, every single paycheck. Individuals, families and

even societies are stable and prosperous to the degree to which they have

high savings rates. Savings today are what guarantee the security and the

Possibilities of tomorrow.

How to start is to: Pay yourself first.

Begin today to save ten percent of your income, off the top, and never touch it. This is your fund for long-term financial accumulation and you never use it for any other reason except to assure your financial future. The remarkable thing is that when you pay yourself first, and force yourself to live on the other as a result you will be happy.

The Law of Magnetism:

The more money you save and accumulate, the more money you attract into your life.

The law of magnetism has been a primary reason for wealth building throughout history. This law explains much of success and failure in every area of life, especially in the financial arena.

Money goes where it is loved and respected. The more positive emotions you associate with your money, the more opportunities you will attract to acquire even more. The first corollary of the Law of Magnetism as it applies to money is

that: A prosperity consciousness attracts money like iron filings to a

magnet.

That is why it is so important for you to start accumulating money, no matter what your situation. Put just a few coins into a piggy bank. Begin saving even a small amount of money. That money, magnetized by your emotions of desire and hope, will begin to attract more to you faster than you can imagine.

So what next: It takes money to make money.

As you begin accumulating money, you begin to attract more money and more opportunities to earn more money into your life. This is why it is so important that you start, even with a small amount. You’ll be amazed at what starts to happen. Take time every day, every week, and every month to reflect on your

Financial situation and look for ways to deploy your finances more intelligently. The more time you take to think intelligently about your finances, the better decisions you will make and the more money you will have to think about. And the more you think about your savings and investments, the more money you will attract into your life.

The Law of Accumulation:

Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.

The achievement of financial independence will require a tremendous number of small efforts on your part. To begin the process of accumulation, you must be disciplined and persistent. You must keep at it for a long, long time. Initially, you will see very little change or difference but gradually, your efforts will begin to bear fruit.

You will begin to pull ahead of your peers. Your finances will improve and your debts will disappear. Your bank account will grow and your whole life will improve.

As your savings accumulate, you develop a momentum that moves you more rapidly toward your financial goals.

It is hard to get started on a program of financial accumulation, but

once you do get started, you find it easier and easier to keep at it. The “momentum principle” is one of the great success secrets. This principle says that it takes tremendous energy to overcome the initial inertia and resistance to financial accumulation and get started, but once started, it takes much less energy to keep moving.

When you first begin thinking about saving ten or twenty percent of your income, you will immediately think of all kinds of reasons why it is not possible. You may be up to your neck in debt. You may be spending every single penny that you earn just to keep afloat.

However, if you find yourself in this situation, there is a solution,Begin saving just one percent of your income in a special account, which you

refuse to touch.

Begin putting your change into a large jar every evening when you come home. When the jar is full, take it to the bank and add it to your savings account. Whenever you get an extra sum of money from selling something, an old debt is repaid, or a bonus comes unexpectedly, instead of spending it, put it into your special account.

These small amounts will begin to add up at a rate that will surprise you. As you become comfortable with saving one percent, increase it to two percent, then three percent, then four percent and five percent, and so on. Within a year, you will find yourself getting out of debt and saving 10%, 15% and even twenty percent of your income without it really affecting your lifestyle.

Alright I will stop here. Next week I’ll continue with more of the laws. I believe you have grabbed something good from this report. Your comment is welcomed.

Moreover”

 

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To your success

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