Archive | March, 2010

Track Your Income As Well as Your Outgo

Wealthy people track their sources of income monthly, too. Most of them have multiple income streams – not only from a job, if they have one, but from other endeavors that pay them money, like investments, rents or royalties, receivables from loan repayments made to them, even interest on their checking accounts.  The only way [...]

Read full story Comments { 0 }

Keep Track of Your Cash and Expenditures

Most wealthy people can tell you exactly how much money they have in their pocket or purse.   The money they do spend is tracked carefully.  You need to know where your money is going – all your money.  If you write checks for cash, or debit your checking account for spending money, do you know [...]

Read full story Comments { 0 }

Pay off All Your Credit Card Balances

The wealthy, whom I often call Money Masters, do not carry credit card balances.  They NEVER pay credit card interest! I know people who have never carried a credit card balance in their life. You should become one of them NOW. You want to turn your credit card interest payments (debt service payments) into wealth payments as [...]

Read full story Comments { 0 }

Look at Your Debt Patterns to See What You Need to Change

Wealthy people take charge of their debt, and they use debt sparingly to create leverage.  Seldom do they carry credit card balances month to month.  If frequent debting has become your bad habit, here’s how to get a handle on the problem: Take your credit card statements from last month.  Use your Cash Flow Statement, [...]

Read full story Comments { 0 }

Face the Truth of Your Financial Situation Today – and Review it Frequently

Wealthy people know their numbers.  I ask each of my clients and students to fill out several financial statements.  You have to know where you are financially now to get to where you want to be.  The biggest mistake I see is that people often do not face the truth of their money habits and [...]

Read full story Comments { 0 }

Say Daily Affirmations About Each Dream You Truly Want

Wealthy individuals believe they have a right to be wealthy, and they constantly remind themselves of the wealth they want.  They affirm to themselves that they want certain things and are going to get them.  You, too, can say such words to yourself each morning — in bed before you arise, in the shower, on [...]

Read full story Comments { 0 }

Decide What Dreams You Want To Fund In Your Life

I’ve observed that wealthy people think big, think rich, and are very decisive about what they want to manifest in their life.  This wealth habit is crucial.  It’s going to affect the numbers you put down in your written plan. For example, think about: Your dream house Your dream vacation Your dream career The dream [...]

Read full story Comments { 0 }
Powered By: Wagit Editor