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January 9, 2008 at 7:49 AM #132814January 9, 2008 at 8:13 AM #132542JumbyParticipant
These are the building block books…
The Automatic Millionaire
The Millionaire Next Door
and my personal favorite The Richest Man in Babylon
I’ll sum up the rich dad poor dad book for you because 80% is BS….Buy assets instead of liabilities and get your own business even if it’s just on the side. He also calls your personal residence a liability and not an asset. I share this believe to a certain extent. The premise is your house doesn’t make you cash so it must be a liability.
Contrary to what Realtors say, you SHOULD NOT buy the biggest house you can afford, you should buy what you need and invest the rest of the money every month (that you would have spent on the mortgage, taxes, insurance, energy bills, etc).
My favorite quote in The Richest Man in Babylon book sums up wealth building through smart budgeting/purchasing and investing very nicely. “The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.”
January 9, 2008 at 8:13 AM #132725JumbyParticipantThese are the building block books…
The Automatic Millionaire
The Millionaire Next Door
and my personal favorite The Richest Man in Babylon
I’ll sum up the rich dad poor dad book for you because 80% is BS….Buy assets instead of liabilities and get your own business even if it’s just on the side. He also calls your personal residence a liability and not an asset. I share this believe to a certain extent. The premise is your house doesn’t make you cash so it must be a liability.
Contrary to what Realtors say, you SHOULD NOT buy the biggest house you can afford, you should buy what you need and invest the rest of the money every month (that you would have spent on the mortgage, taxes, insurance, energy bills, etc).
My favorite quote in The Richest Man in Babylon book sums up wealth building through smart budgeting/purchasing and investing very nicely. “The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.”
January 9, 2008 at 8:13 AM #132732JumbyParticipantThese are the building block books…
The Automatic Millionaire
The Millionaire Next Door
and my personal favorite The Richest Man in Babylon
I’ll sum up the rich dad poor dad book for you because 80% is BS….Buy assets instead of liabilities and get your own business even if it’s just on the side. He also calls your personal residence a liability and not an asset. I share this believe to a certain extent. The premise is your house doesn’t make you cash so it must be a liability.
Contrary to what Realtors say, you SHOULD NOT buy the biggest house you can afford, you should buy what you need and invest the rest of the money every month (that you would have spent on the mortgage, taxes, insurance, energy bills, etc).
My favorite quote in The Richest Man in Babylon book sums up wealth building through smart budgeting/purchasing and investing very nicely. “The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.”
January 9, 2008 at 8:13 AM #132793JumbyParticipantThese are the building block books…
The Automatic Millionaire
The Millionaire Next Door
and my personal favorite The Richest Man in Babylon
I’ll sum up the rich dad poor dad book for you because 80% is BS….Buy assets instead of liabilities and get your own business even if it’s just on the side. He also calls your personal residence a liability and not an asset. I share this believe to a certain extent. The premise is your house doesn’t make you cash so it must be a liability.
Contrary to what Realtors say, you SHOULD NOT buy the biggest house you can afford, you should buy what you need and invest the rest of the money every month (that you would have spent on the mortgage, taxes, insurance, energy bills, etc).
My favorite quote in The Richest Man in Babylon book sums up wealth building through smart budgeting/purchasing and investing very nicely. “The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.”
January 9, 2008 at 8:13 AM #132829JumbyParticipantThese are the building block books…
The Automatic Millionaire
The Millionaire Next Door
and my personal favorite The Richest Man in Babylon
I’ll sum up the rich dad poor dad book for you because 80% is BS….Buy assets instead of liabilities and get your own business even if it’s just on the side. He also calls your personal residence a liability and not an asset. I share this believe to a certain extent. The premise is your house doesn’t make you cash so it must be a liability.
Contrary to what Realtors say, you SHOULD NOT buy the biggest house you can afford, you should buy what you need and invest the rest of the money every month (that you would have spent on the mortgage, taxes, insurance, energy bills, etc).
My favorite quote in The Richest Man in Babylon book sums up wealth building through smart budgeting/purchasing and investing very nicely. “The purpose of a budget is to help thy purse to fatten. It is to assist thee to have thy necessities and, insofar as attainable, thy other desires. It is to enable thee to realize thy most cherished desires by defending them from thy casual wishes.”
January 9, 2008 at 8:23 AM #132552NeetaTParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
January 9, 2008 at 8:23 AM #132735NeetaTParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
January 9, 2008 at 8:23 AM #132742NeetaTParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
January 9, 2008 at 8:23 AM #132803NeetaTParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
January 9, 2008 at 8:23 AM #132839NeetaTParticipantInvest in a Limited Partnership with a fledgling company. You will break even in 3yrs and from then on collect 50% on initial investment. When it comes time for the General Partner to sell the company, you will get your money back plus appreciation sometimes as much as 500%. The tax benefits are outstanding and the risk / reward ratio is within a reasonable tolerance.
January 9, 2008 at 9:18 AM #132631poway_sellerParticipantRichest Man in Babylon NOTE NUMBER 5
Seven Cures for a Lean Purse
Babylon”s riches, of course, did not happen overnight. Its wealth was the result of the wisdom of its people. They first learned how to become wealthy and practiced what they knew. Here are the seven steps or “cures” to ensure a wealthier life:Step 1: Start Thy Purse to Fattening
For each ten coins you earn, spend only nineStep 2: Control Thy Expenditures
Budget your expenses that you may have coins to pay for your necessities, pay for your enjoyments and gratify your worthwhile desires without spending more than nine-tenths of your earnings.Step 3: Make Thy Gold Multiply
Put each coin to labor so that it may reproduce its kind.Step 4: Guard Thy Treasures from Loss
Guard your treasures from loss by investing only where the principal is safe, where it may be reclaimed if you desire so, and where you will not fail to collect a fair rental.Step 5: Make of Thy Dwelling a Profitable Investment
Own your own home.Step 6: Insure a Future Income
Provide in advance for the needs of your growing age and the needs of your family.Step 7: Increase Thy Ability to Earn
Cultivate your own powers, study and become wiser, become more skillful, and respect yourself.here is a summary of the book if you dont have time to read the whole thing
http://www.luinc.com/elibrary/rmb/richestmaninbabylon.pdfJanuary 9, 2008 at 9:18 AM #132817poway_sellerParticipantRichest Man in Babylon NOTE NUMBER 5
Seven Cures for a Lean Purse
Babylon”s riches, of course, did not happen overnight. Its wealth was the result of the wisdom of its people. They first learned how to become wealthy and practiced what they knew. Here are the seven steps or “cures” to ensure a wealthier life:Step 1: Start Thy Purse to Fattening
For each ten coins you earn, spend only nineStep 2: Control Thy Expenditures
Budget your expenses that you may have coins to pay for your necessities, pay for your enjoyments and gratify your worthwhile desires without spending more than nine-tenths of your earnings.Step 3: Make Thy Gold Multiply
Put each coin to labor so that it may reproduce its kind.Step 4: Guard Thy Treasures from Loss
Guard your treasures from loss by investing only where the principal is safe, where it may be reclaimed if you desire so, and where you will not fail to collect a fair rental.Step 5: Make of Thy Dwelling a Profitable Investment
Own your own home.Step 6: Insure a Future Income
Provide in advance for the needs of your growing age and the needs of your family.Step 7: Increase Thy Ability to Earn
Cultivate your own powers, study and become wiser, become more skillful, and respect yourself.here is a summary of the book if you dont have time to read the whole thing
http://www.luinc.com/elibrary/rmb/richestmaninbabylon.pdfJanuary 9, 2008 at 9:18 AM #132821poway_sellerParticipantRichest Man in Babylon NOTE NUMBER 5
Seven Cures for a Lean Purse
Babylon”s riches, of course, did not happen overnight. Its wealth was the result of the wisdom of its people. They first learned how to become wealthy and practiced what they knew. Here are the seven steps or “cures” to ensure a wealthier life:Step 1: Start Thy Purse to Fattening
For each ten coins you earn, spend only nineStep 2: Control Thy Expenditures
Budget your expenses that you may have coins to pay for your necessities, pay for your enjoyments and gratify your worthwhile desires without spending more than nine-tenths of your earnings.Step 3: Make Thy Gold Multiply
Put each coin to labor so that it may reproduce its kind.Step 4: Guard Thy Treasures from Loss
Guard your treasures from loss by investing only where the principal is safe, where it may be reclaimed if you desire so, and where you will not fail to collect a fair rental.Step 5: Make of Thy Dwelling a Profitable Investment
Own your own home.Step 6: Insure a Future Income
Provide in advance for the needs of your growing age and the needs of your family.Step 7: Increase Thy Ability to Earn
Cultivate your own powers, study and become wiser, become more skillful, and respect yourself.here is a summary of the book if you dont have time to read the whole thing
http://www.luinc.com/elibrary/rmb/richestmaninbabylon.pdfJanuary 9, 2008 at 9:18 AM #132883poway_sellerParticipantRichest Man in Babylon NOTE NUMBER 5
Seven Cures for a Lean Purse
Babylon”s riches, of course, did not happen overnight. Its wealth was the result of the wisdom of its people. They first learned how to become wealthy and practiced what they knew. Here are the seven steps or “cures” to ensure a wealthier life:Step 1: Start Thy Purse to Fattening
For each ten coins you earn, spend only nineStep 2: Control Thy Expenditures
Budget your expenses that you may have coins to pay for your necessities, pay for your enjoyments and gratify your worthwhile desires without spending more than nine-tenths of your earnings.Step 3: Make Thy Gold Multiply
Put each coin to labor so that it may reproduce its kind.Step 4: Guard Thy Treasures from Loss
Guard your treasures from loss by investing only where the principal is safe, where it may be reclaimed if you desire so, and where you will not fail to collect a fair rental.Step 5: Make of Thy Dwelling a Profitable Investment
Own your own home.Step 6: Insure a Future Income
Provide in advance for the needs of your growing age and the needs of your family.Step 7: Increase Thy Ability to Earn
Cultivate your own powers, study and become wiser, become more skillful, and respect yourself.here is a summary of the book if you dont have time to read the whole thing
http://www.luinc.com/elibrary/rmb/richestmaninbabylon.pdf -
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