Tuesday, August 31, 2010

We all want to get "rich" right??

Hi Guys,


We all want to get or be rich, right???
So why is it  few people get the money they dream of??


Well this is my theory maybe not yours but how i see it.

We start school at maybe 4/5 years of age and are thought
the educational system of how to read or write, among other
things like draw a circle or straight line using the guideline of
a ruler Etc. etc. etc.

Well point being a lot is BLA... because most people at the 
end of the day want good money healthy and wealthy lifestyle,
freedom to come and go as they please and never worry about
endless amount of bills. right??

So whats the secret that most people don't know??

Remember John? (just picking an name as example)
Well john sat beside me in school, he was a quite fella who didn't
really mix with the other kids, never kicked football at break times,
was never the type to put his hand up to say yes teacher i'll help
or give that a go, always was the one who was laughed at when
he give a wrong answer, always had bad grades.
Teacher thinking to themselves he is at a dead loss but never said
it, as maybe they worked more with the top graders.(maybe)
So what was going through John's head?? most likely he was
saying some day i will show them all...

John's step to showing us all is very simple but like you or I we were
never thought this in the early stages, sure we were told if you get 
good grades you will get a good job, or if you serve your time like
I have done you will be set for life. Thinking of it we were a being lied
to by the previous generation unintentionally of course.

The secert or lesson never thought to you by anyone is:

THE RICH DO NOT WORK FOR MONEY THEY MAKE MONEY 
WORK FOR THEM...

So lets have a few simple examples of what I mean:

Say you have €100 in your pocket and someone tells you if I can
borrow your €100 I will give you back €105 in its place
(Bank maybe)??
The reverse to this of course is a bank lets you borrow €100
they want you to pay back €110 most likely.
This is an everyday example of money working for you, there is no
getting up at 7 in the morning to make a sandwich for your tea break
come 10 a.m and bursting your bum all day in the rain hail or sunshine
but you still get the same results at the end of the day, you make profit.

Lets have another example: the stock market you invest a couple of 
thousand into this stock market to make a profit back,or at least you hope
so. well let me tell you stock markets are not always the way to go as the
Euro,Sterling or Dollor  are designed to have less and less value everyday.
Why?? This time last year a pint of milk may have been €1.50 but this time
next year it maybe €1.60 or more. Do you agree?? But you are still being paid
the same if not less money. Right??

My top ten reasons why you aren't rich...

1. You Care What Your Neighbors Think: If you're competing against them and their material possessions, you're wasting your hard-earned money on toys to impress them instead of building your wealth.

2. You Aren't Patient: Until the era of credit cards, it was difficult to spend more than you had. That is not the case today. If you have credit card debt because you couldn't wait until you had enough money to purchase something in cash, you are making others wealthy while keeping yourself in debt.

3. You Have Bad Habits: Whether it's smoking, drinking, gambling or some other bad habit, the habit is using up a lot of money that could go toward building wealth. Most people don't realize that the cost of their bad habits extends far beyond the immediate cost. Take smoking, for example: It costs a lot more than the pack of cigarettes purchased. It also negatively affects your wealth in the form of higher insurance rates and decreased value of your home.

4. You Have No Goals: It's difficult to build wealth if you haven't taken the time to know what you want. If you haven't set wealth goals, you aren't likely to attain them. You need to do more than state, "I want to be a millionaire." You need to take the time to set saving and investing goals on a yearly basis and come up with a plan for how to achieve those goals.

5. You Haven't Prepared: Bad things happen to the best of people from time to time, and if you haven't prepared for such a thing to happen to you through insurance, any wealth that you might have built can be gone in an instant.

6. You Try to Make a Quick Buck: For the vast majority of us, wealth doesn't come instantly. You may believe that people winning the lottery are a dime a dozen, but the truth is you're far more likely to get struck by lightning than win the lottery. This desire to get rich quickly likely extends into the way you invest, with similar results.

7. You Rely on Others to Take Care of Your Money: You believe that others have more knowledge about money matters, and you rely exclusively on their judgment when deciding where you should invest your money. Unfortunately, most people want to make money themselves, and this is their primary objective when they tell you how to invest your money. Listen to other people's advice to get new ideas, but in the end you should know enough to make your own investing decisions.

8. You Invest in Things You Don't Understand: Your hear that Bob has made a lot of money doing it, and you want to get in on the gravy train. If Bob really did make money, he did so because he understood how the investment worked. Throwing in your money because someone else has made money without fully understanding how the investment works will keep you from being wealthy.

9. You're Financially Afraid: You are so scared of risk that you keep all your money in a savings account that is actually losing money when inflation is put into the equation, yet you refuse to move it to a place where higher rates of return are possible because you're afraid that you will lose money.

10. You Ignore Your Finances: You take the attitude that if you make enough, the finances will take care of themselves. If you currently have debt, it will somehow resolve itself in the future. Unfortunately, it takes planning to become wealthy. It doesn't magically happen to the vast majority of people.

In reality, it is probably not just one of the above bad habits that has kept you from becoming a millionaire, but a combination of a few of them. Take a hard look at the list, and do some reflecting. If you want to be a millionaire, it's well within your power, but you'll have to face the issues that are currently keeping you from creating that wealth before you will have a chance to call yourself one..

Spending money is one of the easiest things to do,
But why not spend or use it wisely???
What we "need" to do is learn how to make money
work for us and not how we work for money!!!

Success Awaits:
Fergus.
+00353419865606
http://www.facebook.com/?ref=home#!/fergus.fahey2

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