FINANCIAL LITERACY
We get paid for bringing value to the market place. We don’t get paid for the number of hours we work; we get paid for value.
You can be valuable to your family or church or community but if you are not valuable to the marketplace- you won’t earn much money.
To become valuable to the marketplace – work
harder on yourself than you do on the job
Success is something you attract because of
the person you become. Success is not
something you pursue – it will elude you
like a butterfly.
Wealth Philosophy – Many people think it is the economy but it is philosophy. If one couple can live on 5K a month how come another couple needs 5,500 per month to get by? The difference is not your paycheck, it is your philosophy. Train yourself to leave any business operation better than when you found it..
Attitude toward wealth – Feed the goose to lay the golden eggs”
Financial ambition is good – not greed
Legitimate ambition says, “I only want something at the service of others. Not the expense of others, but at the service of others.
Financial independence Definition: It’s the ability to live soley from the income of your own personal resources. You’re not placing the burden on others to support you. And you have the ability and desire to support others because you know you could never had made it alone. What you do with what you get is more important than what you get.
Learn to live on 70% of your income. Net means the money you have left after paying your taxes. 10% charity, 10% risk – venture capital, 10% savings.
Decide how you want to live now, versus how
long you want to work. Be careful with
credit, it is the easiest way to get into
debt. It is hard to get rich quickly but it
is easy to get rich slowly. List you assets
and liabilities – Keep excellent books, not
only for tax purposes, but for yourself,
your financial future and for your own sense
of self worth.
More money will only make you more of what
you already are”
Written by Jim Rohn “Leading An Inspired Life”