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Showing posts from September, 2019

Never spend your money before you have earned it.

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“Never spend your money before you have earned it.”-Thomas Jefferson Living on credit means you are eating your future in the present time. It is easy for a person to spend money on credit than it is to pay it back and most people spend credit money on things that are liabilities thus it will continue draining money out of their pocket. The future is unknown and if a person is spending money that he has not earned yet later on it will put him in a tough situation if something goes the wrong way or if a person loses his job and the job was his only way to pay the debt he has accumulated. Therefore a person should be still and not to auction what they have in the present time by using money that they acquired by using credit or seeking to get loans.

Happiness is not in the mere possession of money.

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“Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.”-Franklin D. Roosevelt Possessing money gives a person credit to trade it with whatever he wants and happiness is not in the mere possession of money. Happiness lies in the joy of achieving something, in the thrill of creative effort. Enthusiasm gets build by the burning desire to achieve something worthwhile since you will be motivated to think of creative efforts to make the achievement true. Once a person has achieved something he obliged to put their creative effort consistently since obstacles will arise along the way and you will need to renovate to keep it in good condition. Being an achiever doesn't mean its the end of the road and that a person should stop having the thrill of creative effort but it does mean a person will be needed to have the thrill of creative effort to protect what they have already achieved.

Money is good for nothing.

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“Money is good for nothing unless you know the value of it by experience.”-P.T Barnum Money is good for nothing until a person starts working to get it since some people who money is passed to them don't have to worry much since they have got their backs covered and at that certain point in life they don't see the value that comes with money and they end up squandering what they have and when they lose what they had they start recognizing the value that money comes with it. An empty stomach and a broken heart can teach the most valuable lessons in life since when a person has much he puts valuable lessons in his pocket and when he has little he puts it in his heart. For a person to be responsible he has to think of the consequences that come with each action he takes, therefore, money is good for nothing unless you know the value of it by experience.

The real measure of your wealth.

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“The real measure of your wealth is how much you’d be worth if you lost all your money.”-Unknown People like the security that comes with money and that is why most people save and are cautious about wasting money. Money makes most people bold and makes them feel confident since the are in control of their circumstances. What if someone who relies solely on money and come to lose it all? How would his life be affected? it will affect his life tremendously since they have lost the power they had with money. When a person loses all his money at that moment is when you can measure the worth of a person. How a person conducts himself in tough situations shows his inner man will a person become a victim of the situation or a victor in the situation. A person has two options when life hits them hard they can either blame or start working to get themselves out of that situation. A person's skills, intelligence, wisdom, personality, and character will show how much you’d be worth if

It's the money.

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“When a fellow says it ain't the money but the principle of the thing, it's the money.”-Artemus Ward The way a profitable business operates it's by its principle. Wisdom is the principal thing and with all your getting get understanding. Reasons produce principle and the reasons behind why a person is doing something is very essential because it is the driving factor in any business. If a person has a weak reason why he is doing something his results will be weak since what a person sows that he will reap. The principle also means truth, since a person can not plant a banana tree and wait to reap mangoes, therefore, a person, receives what measure and substance he has planted if a person wants to reap more he has to sow more. A person's principles will drive their beliefs and their beliefs will influence their behavior. Principles are like laws that convict a man, therefore, a person operates according to the laws so that he can protect his character. The principl

If we command our wealth, we shall be rich and free.

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“If we command our wealth, we shall be rich and free. If our wealth commands us, we are poor indeed.”-Edmund Burke For a person to be wealthy he should have the capability to command his wealth to be rich and free. If wealth commands a person he is poor indeed. To be a wealth person one should have ways in which money works for him it might be in real estate, businesses or in commodities therefore if a person acquires one of this three he can command his wealth since they in control. If a person is in a job relining on a salary they can't command their wealth since they are working for money. Being wealthy requires a person not to be reliant on other people but to acquire valuable commodities that will make you be in control of your wealth since you are rich and free. If a person is always relining on a paycheck and has no other means of creating wealth he is poor indeed.

I made my money the old-fashioned way.

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“I made my money the old-fashioned way. I was very nice to a wealthy relative right before he died.”-Malcolm Forbes House and riches are an inheritance from fathers, therefore, the making money the old-fashioned way is still applicable. An inheritance quickly gained at the beginning won't be blessed in the end. A person needs to be careful how he treats the elderly and seek to be a helping hand in return the elderly will return the favor since no good deed that is done will go without being blessed. A person who is very nice to a wealthy relative right before he died can make you money the old-fashioned way.

Capital as such is not evil.

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“Capital as such is not evil; it is its wrong use that is evil. Capital in some form or other will always be needed.”-Gandhi Most of us have a perception that money is evil and it should not be so since we all need to use capital to acquire some certain things in our lives. The wrong use of capital makes it evil since capital will be needed in certain points of our lives. If we use capital for the betterment of others and to help those who are less fortunate this shows a person is doing good and is using capital to do what is right since those who are given much from him much is required. Therefore we should note the love of money is the root of all evil and a person should avoid loving money since no one can be satisfied with its increase.

I will tell you the secret to getting rich on Wall Street.

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“I will tell you the secret to getting rich on Wall Street. You try to be greedy when others are fearful. And you try to be fearful when others are greedy.”-Warren Buffett Greed of any nature is destructive probably Warren Buffett was meaning a person should invest more when others are fearful and be fearful when other are mostly investing. Joining the crowds require nothing from a person but standing alone requires everything. a person should not follow the crowd since the road that leads to destruction is broad but the road that leads to life is narrow. Therefore before a person invest he or she should be cautious and have had done research on what they are going to invest in. Productivity is the number one factor in all businesses and it should not be overlooked when some in going to invest.

If you would be wealthy.

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“If you would be wealthy, think of saving as well as getting.”-Ben Franklin People like spending money more than saving the more a person starts earning the more his spending rate increases. For a person to become wealthy he should cater to his spending habits and look how much he is spending on things that are not valuable. Saving little by little is a good habit since the rule of saving requires one to save today and money will save a person tomorrow. Therefore if you would be wealthy, think of saving as well as getting.”

It's not the employer who pays the wages.

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“It's not the employer who pays the wages. Employers only handle the money. It's the customer who pays the wages.”-Henry Ford The saying that "the customer is always right" is effective because once a person is ready to start an argument with a customer he is ready to lose him or her. If a person loses all his customers he will run out of business since without a customer there is no business. And the profit made from the customer transaction pays the workers. Finding new customers to replace old ones take more time and energy and it is more effective to retain old customers by having good customer service. Therefore good customer service is important to both the employer and the customer since it helps them build a relationship where the employer can even monitor the customer journey in the business. Take care of the customers and in return, they will take care of you.

Money is like muck.

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“Money is like muck—not good unless it be spread.”-Francis Bacon Money is like dirt- not good unless it be spread this means money is only good when it is shared. Money is only effective only when it is used since if you have a lot of money and put it in a safe you can go on with your life and even forget you had put the money there. Money is good only when is given out to help others since a generous person will always be prosperous but a stingy person will forever be encountering the bitter way of poverty. Therefore money is nothing until it is used for the benefit of others.