Due to external temptations, it is much easier in...
Due to external temptations, it is much easier in today's consumer world to simply blow it out the expense columnBecause of weak mental fortitude, that money flows into the paths of least resistanceThat is the cause of poverty and financial struggle
I gave this numerical example of financial intelligence, in this case the ability to direct money to make more money
If we gave 100 people $10,000 at the start of the year, I gave my opinion that at the end of the year:
80 would have nothing leftIn fact, many would have created I greater debt by making a down payment on a new car, refrigerator, TV, VCR or a holiday16 would have increased that $10,000 by 5 quilted white bag percent to 10 percent4 would have increased it to $20,000 or into the millions
We go to school to learn a profession so we can work for moneyIt is my opinion that it is also important to learn how to have money work for you
I love my luxuries as much as anyone elseThe difference is, some people buy their luxuries on creditIt's the keep-up-with-the-Joneses trapWhen I wanted to buy a Porsche, the easy road would have been to call my banker and get a loanInstead of choosing to focus in the liability column, I chose to focus in the asset column
As a habit, I used my desire to consume to inspire and motivate my financial genius to invest
Too often today, we chanel jumbo flap bag focus to borrowing money to get the things we want instead of focusing on creating money One is easier in the short term, but harder in the long termIt's a bad habit that we as individuals and as a nation have gotten intoRemember, the easy road often becomes hard, and the hard road often becomes easy
The earlier you can train yourself and those you love to be masters of money, the betterMoney is a powerful forceUnfortunately, people use the power of money against them If your financial intelligence is low, money will run all over youIt will be smarter than you If money is smarter than you, you will work for it all your life
To be the master of money, you chanel pearl necklace need to be smarter than itThen money will do as it is told Instead of being a slave to it, you will be the master of itThat is financial intelligenceTHE NEED FOR HEROES: The power of mythWhen I was a kid, I greatly admired Willie Mays, Hank Aaron, Yogi BerraAs a kid playing Little League, I wanted to be just like themI treasured their baseball cardsI wanted to know everything about themI knew the stats, the RBI, the ERAs, their batting averages, how much they got paid, and how they came up 1 from the minorsI wanted to know everything because I wanted to be just like them
Every time, as a 9 or 10 year-old kid, when I stepped up to bat or played first chanel top base or catcher, I wasn't me It's one of the most powerful ways we learn that we often lose as adults
Today, I watch young kids playing basketball near my home On the court they're not little Johnny; they're Michael Jordan, Sir Charles or Clyde Copying or emulating heroes is true power learningAnd that is why when someone like OSimpson falls from grace, there is such a huge outcry
There is more than just a courtroom trialIt is the loss of a heroSomeone people grew up with, looked up to, and wanted to be likeSuddenly we need to rid ourselves of that person
I have new heroes as I grow olderI have golf heroes such as Peter Jacobsen, Fred Couples and Tiger chanel classic bags Woods