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 Money  
  Thursday, November 20, 2008

Quotations 
by the Sages
Read the Wisdom
of the Ages

"Money is a good servant but a bad master."
- Quoted by Francis Bacon 1561 - 1626

Oscar Wilde

 There is only one group who think more about money than the rich … and that is the poor!’      Oscar Wilde 

Who wants to be a Millionaire?

Stand up in any Pub or Club in Britain and shout 'Who wants to be a.........?  and a cry would go up to complete the question with the word Millionaire. Yet how many of these people know what a Millionaire is? 
Continues

Make no mistake, my friend, it takes more than money to make men rich. 
A. P. Gouthey

Today the greatest single source of wealth is between your ears.  
Brian Tracy

Wealth is not his that has it, but his that enjoys it. 
Benjamin Franklin

Wealth is the ability to fully experience life.  
Henry David Thoreau

Many speak the truth when they say that they despise riches, but they mean the riches possessed by others 
Charles Caleb Colton

" The poor and the middle class work for money.
   The rich have money work for them."   
Rich Dad Poor Dad by Robert Kiyosaki

MONEY & WEALTH

 
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COPING WITH FINANCIAL DISTRESS

Hello. My name is Susan Leigh and I am a counsellor and Hypnotherapist of some 20 years experience.

At times like the present time, with many businesses closing or staff being laid off and money becoming tighter, I find that many of my clients are feeling vulnerable about their future and the direction that their lives are now going to take.
 
This situation can provide an opportunity to evaluate what really matters in life.
 
I have many met many people who, at one time, felt their lives to be devastated by redundancy or losing their business, but who determined to take little steps, retrain in a trade, or got a grant to do teacher training, or maybe started a small project that fills a niche market in the service sector, and who have, a year or two later, been completely certain that that crisis forced a change of direction that would never have occurred otherwise. These people will frequently say that their lives have been changed for the better. They are thankful for the push that provided them with no choice but to pick themselves up and start again. However, courage and determination are necessary to see that bigger picture and see setbacks as opportunities in disguise !!! Working on self belief and being focussed on success are a crucial part of the winning formula. Just think of those Olympic athletes who tried and tried and failed countless times before picking up that winners medal.
 
And there are still many people in employment, but often bonuses are reduced or overtime has been cancelled.
 
It’s still important to have fun, and not necessary to spend a lot of money. A bit of creativity can go a long way.   Why not have friends round for a meal, but instead of one person providing it all why not let each invitee bring a dish - one person brings a salad, another some cheese, another brings dessert, someone brings the vegetables or a casserole.   Evenings like this can be a lot of fun and no one has to spend a lot of money. There could even be a theme to an evening, like Mexican food, or have a murder mystery night.
 Instead of taking the children to the adventure park and the expensive burger bar afterwards, why not organise a treasure hunt at home and hide clues around the house and garden, or organise a afternoon clearing the leaves, followed by a picnic laid out on the floor of the kitchen or dining room.   Al fresco afternoons like this are far more spontaneous and allow for a lot more conversation and real quality together time than more organised events. These are the times that are looked back on with affection in later years.
 It’s a good time of the year to make Christmas cards on the kitchen table and not mind when everyone gets covered in glue and glitter. Even organising a game of football, rounders, or cricket and getting the neighbours involved can be a good way of cheering up a glum afternoon or evening and can help build long lasting, positive relationships.   
 
Susan
  
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How much money do you need to live?

In these times of growing economic austerity, more people are likely to be taking a hard look at this question. It is when times get tough that one sees that some people raise their responsibility level to survive. 
 
For many people the question is unanswerable. They have no idea. When they may look at their bank statement or their card statements, all they see is a photograph of the situation as it is a t one point in time. Some put a lot of energy into making small savings in some areas while major amounts of money is being wasted in other areas. 
 
To help those people who want to take a more responsible approach to their finances, Positive Input has produced a simple form to analyse the expenditure of a family or a single individual. This will enable the person who completes this form to answer the question ‘How much do I/we need to live?’
 
The answer and its implications will almost certainly cause surprise. Sometimes good and sometimes alarming!
 
Once one can answer this question – then one can start to take control of ones economic future.
 
To see obtain a copy of this simple form – please click here
  
     

Good Servent or Bad Master?

Francis Bacon said that money is a good servant but a harsh master. To keep it as a good servant one needs to understand the principles of how it works so one can control it. Considering the importance of understanding of how money works, it is a mystery that it is not systematically taught.

You can read more about this topic by clicking on any of the short articles listed:

What does it mean to be rich or wealthy?

Why are we not taught about Money & Wealth?

What is a Millionaire?

Robert T Kiyosaki - Who is he?

Introductory Course on Money & Wealth Principles

In the meantime we can recommend some books and recorded material which you can self-study at home or in your car. In most cases these books and CDs are available from Amazon at well below full retail price. 

You can also do the Positive Input introductory course to Money & Wealth. By learning through Positive Input, we aim to provide you with understanding and practices to make sure you do not end your working life as one of those who is dependent on the charity of the state or others for their continued survival.

RICH DAD POOR DAD by Robert Kiyosaki - 1997
This is the first book published by Kiyosaki in the Rich Dad series. In the last ten years it has shaken traditional financial thinking with his ideas on individual wealth creation and wealth retention.
In this partly autobiographical book he explains how his financial thinking was derived from his two fathers. This very readable book exposes a lot of myths about money and will help us to redefine our beliefs about wealth creation, wealth retention and financial freedom.

RICH POOR DAD (AUDIO - 3 CDs)  Robert Kiyosaki 
For people who have little time to read this is an excellent way to get to know Robert Kiyosaki and his thinking. Keep this CD playing in your car for a month and it will radically change the way you see money and wealth for the better.

THE RICHEST MAN IN BABYLON - George S Classon
This is the classic book on achieving personal wealth. It has certainly stood the test of time having been written nearly 70 years ago. 
It is presented as a series of easily understood parables set in mythical antiquity.  
These stories show principles about wealth creation and wealth retention from which we all can learn.

PARABLE OF THE PIPELINE - Burke Hedges
Wealth is defined by all the gurus as income earning assets. They produce what is known as Passive or Residual income. In other words you don't have to work for this income, the assets do!   
These assets usually take work to acquire in the first place but then continue to earn you an income year after year with no further effort on your part for the foreseeable future. 
In this book Burke Hedges explores the different forms these assets can take and how to go about acquiring them. This is a very easy to read book with lots of examples and diagrams.

READ & GROW RICH - Burke Hedges
It sometimes happens that reading one book will change a person's life but which book can do that for a particular person is uncertain. What is certain however is that regular reading of books by people who have been successful will increase the magnitude and quality of the reader's success.
In this book Burke Hedges gives many examples of how people have changed their fortunes by reading books written by successful people.
  
     


HOW DO YOU FEEL ABOUT LOSING MONEY?  
The sad truth is that our money is shrinking in value everyday. Whether you keep your money under the mattress or in a bank, it is being eroded by inflation everyday. 
Ideally you would like your money to grow in value, wouldn’t you? 
To do that, or even for your money to keep its value, you will need to take some of that nasty word, RISK. 
Mark Anderson, a rising young Independent Financial Advisor in the Manchester area, gives some down-to-earth guidance to help you to see the options more clearly. 
Click here to Read this article

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"The man who does not read good books has no advantage over the man who cannot read them." Mark Twain

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