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Showing posts from May, 2011

Is Your Mindset Keeping You Poor?

What's keeping you poor? What's keeping you from achieving your goals and dreams? Is it your job? Is it your family or is it you? Do you find yourself constantly struggling with money? Do you always find there's more days in the month than there is money? Check your wallet, do you see cobwebs in it? If you are constantly having money issues no matter how hard you work, the problem may be you. Your mindset about money could be that's keeping you poor. Basically, you have a poor man's mentality. What do I mean by that? It means that if you believe you don't deserve to have a lot of money, then your subconscious mind is going to do everything to keep you from keeping money. It's going to sabotage you every time you come into a lot of money. Whether from working or winning the lottery. You may be saying, "that's not true, I want to have a lot of money". That may be true, but if deep down inside, in your core, you believe that you don't de
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Lessons About Money In the Bible

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The Bible has many lessons regarding wealth. The one I like most is the Parable of Talents. The parable tells of a master who was leaving his home to travel, and before going, entrusted his property to his servants. One servant receives five talents, the second two talents, and the third one talent, according to their respective abilities. I found a video that tells this story very well. Putting the religious lesson aside, the Parable of Talent teaches that one should have respect for money and make money work for you to let it grow. If you give money the respect it deserves, you will be richly rewarded. However, if you are lazy and let your money stagnate or keep it under your mattress, you will have the same amount of money and it will eventually lose it just like Hod, the last servant in the video. Like the master said, if Hod was not willing to risk the money, he should have at least given the money to the bankers so that the master would have earned interest on it. Inste
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Saving For Retirement Is a Marathon Not A Sprint

A lot of people like to get rich quick. But in reality, the majority of millionaires made their money over a long time. The book by Thomas J. Stanley called the Millionaire Next Door exemplifies this very well. The people in his book who retired millionaires are ordinary folks with ordinary jobs and businesses who saved money diligently and invested them wisely. It takes years to build wealth and you build it slowly over time. Be frugal and increase your capacity to earn to amplify your ability to make money and save money. Most financial advisers tell you to avoid debt. There is nothing wrong with debt as long as the debt is not bad debts. Imagine you are training for a race and part of your training have you pulling a 100 lbs sack much like football players do in training. If you are training for the 100 meter dash and you are pulling 100 lbs weights across your back. It will help build your muscle and get your across the finish line faster. That's akin to a trader us
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