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Debt Eliminationm Secured
Complicated, finances are complicated. No they are NOT! Everybody
in the financial industry wants you to believe it is impossible
to figure it out on your own but they are just keeping their job
security in tack, while your financial security falls apart. The
most basic premise of financial independence and security is: spend
less than you make. That seems fairly simple to understand. It becomes
harder to keep in practice once the advertising world gets a hold
of you but we will save that for another article.
Most of the millionaires I know never finished school and they all
talk about how they are not educated but they do seem to make and
keep money. Whenever I got the opportunity I always questioned them,
if they keep talking like they are stupid and “not educated”
why don’t they go back to school and learn. They have the
money to pay for the best schools. Of course they reply, what the
universities are teaching isn’t worth learning. Judging by
the percentage of poor university graduates, they may have a point.
These millionaires are of course highly educated from the University
of hard knocks. You do not make a lot of money without collecting
some scar tissue along the way.
The trick is to learn from it, figure a way to use it to your advantage
and move forward. Too many of us rush into an investment without
doing proper research on EVERY aspect of the business. A buddy tells
us it’s going to go up and we rush in and buy a whack of whatever
and it promptly drops like a rock. Wealthy people have already been
there and done that. They look long and hard before they leap into
something. But the key is once they have done their looking and
calculated their risk, they do leap in and from there they do what
it takes to make some money or to learn a valuable lesson.
My favorite rich person has amassed over 100 million. Starting
from nothing and like many of the super rich has lost it all a couple
of times. He told me making or losing money is not as important
as what you learn along the way. I would add having the ability
to use what you have learned is also essential.
What is the point of all this? The basic of investing, saving, debt
reduction etc. is easy stuff, so easy it is boring, very boring
and that is where people get into trouble. How many times have I
heard; “I just needed a bit of excitement so I bought some
XYZ company on a tip from my barber”. What normally happens,
you lose it. Until you have enough money to have a ‘wild and
crazy investment account’ forget buying the latest sure fire
winner. Yes it is true some people have made it big that way, but
do you know any of them, personally? There are very few of those
kind of people.
Pick an area of your financial life that needs work and go to the
library, internet, used book store and get some information on it.
For debt elimination, visit our www.winthedebtgame.com
web site. We have a simple e-book that if you followed would teach
you how to eliminate your debt and free up some money to start investing
for your financial freedom. It is simple to read, easy to implement
and doesn’t take an MBA to understand but it works.
Take the time to learn some things about the art and science of
making, keeping, investing and having a great time with money. Pick
one area at a time and keep at it until you know what’s going
on in your personal situation, then move to another area. In a couple
of years, spending a few hours a week you will be able to navigate
threw the financial world with ease and grace and best of all some
money in your pocket.
I have been poor and I am rich, rich is better. You can do it
also.
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