Friday, November 22, 2013

Ten Steps to Awaken Your Financial Genius

Ten Steps to Awaken Your Financial Genius #Blog 

Financial Genius














1) Find a reason greater than reality, a big dream. Think of the freedom,
the lifestyle wherein you control your own time. Think of what you don't
want, i.e. "I don't like being an employee".

2) Use the power of choice, daily. You can choose to watch MTV, or watch
CNBC. It's how you choose to use your time and energy everyday that
brings financial success in the long run.

3) Choose your friends carefully. It pays to have friends who are focused
and achieving their goals. Surround yourself with friends you can learn
from.

4) Master a formula. Learn a new one, and learn fast.

5) Pay yourself first. Practice self-discipline by keeping expenses low.
Tenants can pay for your expenses if you rent out apartments or mini storage,
for instance. Savings are used for investing and creating more
money, not for paying bills.

6) Pay your broker well. Attorneys, accountants, stockbrokers, and real
estate brokers will have more incentive to work harder for you. If they
make more money, it means you make more money as well. 3-7% is a
good incentive.

7) Be an Indian giver. It's the concept behind ROI. (Return on investment)
Invest and then take the initial money out after a time when the investment
has earned for you.

8) Buy luxuries last. Let the income from your growing assets afford you the
new car. Wait for your asset base to grow first. Middle class people buy
luxuries first, on credit.

9) Find yourself a hero. When you play golf you can imagine you are Tiger
Woods. When you do business, you can ask yourself, "What would
George Soros have done if he was in my place right now?"

10) Teach and you shall receive. As in money, love, or friendship. If you give
without expecting anything in return, you receive more.

To Your Success!
--Will Lopez
   Internet Marketing Scientist

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