Money 03 (Sep 11 - Dec 13)

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Financial Success Is Not An Accident

The Law of Cause and Effect applies to money as much as to any other subject.

This law says that financial success is an effect. As such, it proceeds from certain, specific causes.

When you identify these causes and implement them in your own life and activities, you will get the same effects that hundreds of thousands, and even millions of others have gotten.

You can achieve whatever level of affluence you really want, if you will just do what others have done before you to achieve the same results.

And if you don't, you won't. It is as simple as that.

[winston]

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Your Beliefs Determine Your Success

There is perhaps no other area where universal laws are more in evidence, than in the acquiring and keeping of money.

In America today, there are several million men and women who have started with nothing, or deeply in debt, and achieved financial independence.

Their attitudes and behaviors have been studied in great depth. We now know the keys to wealth creation better than ever before.

And what we know is that your most cherished beliefs on the subject of money, will be the primary determinants of how much you acquire and how much you keep over the course of your working lifetime.

[winston]

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Your Primary Aim in Life

Your primary aim in life, should be the achievement of your own happiness.

However, happiness is something that exists naturally in the absence of fears, doubts and negative emotions.

One of the factors that most deprives you of happiness is worry about money.

And, by the way, when we talk about money worries, we're not referring to your having too much.

The problem is virtually always that people feel that they have too little money and their lives are suffering as a result.

[winston]

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Build a Financial Fortress

Perhaps the greatest single fear, the one that causes you more distress and unhappiness than anything else, is the fear of failure.

In the area of money, you experience this as the fear of poverty and the fear of loss.

Since one of the deepest needs of human nature is security, any threat to your security, real or imaginary, can cause you tremendous stress.

You can only free yourself from the fears of poverty and failure by achieving a specific level of financial worth and then by building a fortress around it, so that you are safe and impregnable.

This achievement of financial independence is a key responsibility of adult life. No one else will do it for you.

[winston]

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Action Exercises

Here are two things you can do immediately to implement the Law of Cause and Effect in your financial life:

First, begin today to implement the causes of financial success in our society. This requires that you spend less, save more, invest carefully and strive toward financial independence.

Second, study other people who are financially successful who have started from little or nothing.

Find out what they did to become financially independent and discipline yourself to do the same things.


Source: Brian Tracy International

[winston]

..:. Satisfaction .:..

If you love money and wealth, you will never be satisfied with what you have.

Ecclesiastes 5:10


Source: Life Changing Words

[winston]

It’s true everyone needs resources to pay for your bills, vacations, etc., yet beyond that there is no purpose.

But the greed drives you nuts. Just make enough money to pay bills, and if you have extra money donate it to charity.

Don’t make making money a priority in life.

~ Dr. Pillai

[kennynah]

bills...

food
water/electricity
home mortgage
cable tv
phone/mobile
rental
taxes
medical/hospital
parents' allowances
children education
children clothes
children toys
children eca
entertainment
gucci/lv/parad bags/shoes
diamond rings
gold ornaments
precious stones
paintings
42" TV
blaupunkt hi-fi stereo
mercedes/bmw/bentley/ferrari
manicure/pedicure
hair cut/treatment
spa
massage
abalone/sharksfin/bak kua for CNY
ang bow money
new clothes for CNY


and the list goes on...

[winston]

How Your Future Self Can Help You Save Money By Kimberly Palmer

How connected do you feel to your future self? It might seem like a strange question, but the answer determines how likely you are to blow your money today or save it for later.

A new report from the Columbia Business School and University of Chicago Booth School of Business reveals that consumers make money choices based on how connected they feel to their future identities—and that it's relatively easy to manipulate those feelings.

To convince yourself to delay gratification to achieve any of those goals, the researchers have a relatively simple solution: Take a moment or two to meditate on your future self, and just how similar it is to your current self.

http://www.mindpowernews.com/SaveForFutureSelf.htm

[winston]

Teacher Discovers $9.8B Bank Balance

A man in West Bengal, India, had expected to find a balance of $200 during a recent visit to an ATM but instead found 490 billion rupees, or $9.8 billion, in his account.

Parijat Saha, a schoolteacher in Balurghat, earns a salary of 35,000 rupees, or $700, a month, the BBC reported.

“I called up a friend in the bank and joked, maybe money is overflowing in your bank, that’s why your system has remitted so much money into my account,” Saha, shown above in a Facebook photo, told the BBC.

Saha had called the State Bank of India, where he keeps his account, to inform it of the error.

The $9.8 billion was “uncleared” by the bank, the BBC reported, so he couldn’t have withdrawn it even if he’d tried. State Bank’s motto on its website is “The Nation banks on us …”

“Even though I got my [own] money back, the account still holds the billions of dollars as an uncleared amount,” he said. “I don’t know how long I’ll have to keep that astronomical figure in my account.”

Subhashish Karmakar, chief manager of the bank’s branch in Balurghat, declined to comment to the BBC.

“I have been specifically asked not to comment on this issue,” he told the BBC.

http://abcnews.go.com/blogs/business/20 ... k-balance/