Getting Rich While Having Fun
September 1, 2006
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One of the principles I’ve seen looking at the lives of extraordinarily successful people is that the vast majority of them really seem to love what they do. They are very dedicated and often work long hours at their chosen field, but usually seem to have fun along the way.
Steven Scott, in his book A Millionaire’s Notebook, suggests that having fun might even be a requirement to achieving success. He says that you are far less likely to have the commitment and determination that it takes to become successful unless you are having some fun doing it.
Fun First Then Success
Some of you may be thinking at this point, “Well if I became successful and rich of course it would be fun for me.”
Steve says that’s exactly backwards. Read more
One Simple Change That Will Increase Your Financial Success
August 26, 2006
One of the biggest differences between people who are financially successful and the vast majority of the rest of the masses of people just making it living paycheck to pay check is that financially successful people know where there money is coming from and where it is going.
The equation is simple. It looks like this:
Income - Expenses = Cash Flow
If our Expenses are greater than our Income then our cash flow will be negative and we gradually slide deeper into debt.
If our Income is bigger then we accumulate money and we have extra to save and invest toward our financial success.
Most folks have a reasonably good handle on the first part. They know they get paid on Fridays. They know they make so much an hour or so much a year.
But often that is as far as it goes.
