THE LAWS OF WEALTH
The First Law Of Wealth:
Plant Your Seeds, Water your Garden
The First law of wealth says: Pay Yourself First! This means that out of whatever money you
make, no matter the size, set aside 10% of it for yourself. This money is called your Principle and it is
that money that will start the building of your wealth, thus it is often
referred to as seed money.
Anyone who has a source of income can use this law to pull themselves
out of the doldrums of poverty into the sunshine of wealth with the only
difference being “Time”. The younger one
starts to adhere to these laws, the more wealth they can acquire, but it doesn’t
matter how much money they have at the time, they can become a wealthy person
by adhering to the laws.
Poor people work for money while rich people have their money work for them.
Many people are under the impression that they need a large pool
of money from which to pull their principle. In order to live comfortably and they resign themselves to the mindset of a job and hope they can get as close to becoming a millionaire as possible. They look for high paying jobs
that give them large salaries and options, often being bogged down by these
very things with family life, love life and health often suffering as a result. However, every so often we hear of some who have pulled themselves
up the ladder of wealth by their own bootstraps, with minimal education and
cashflow. This thereby proves education is not the final determinant factor in
wealth and neither is a 6 or 7 figure salary.
The determinant factor is the number formula and consistency of
application. The number formula is called Compounding and
is spoken of in several sources of aged wisdom, but the most well-known man who
spoke highly of it was Albert Einstein, one of the greatest intellects of the
20th century. He said that
the most powerful force in the universe was compounded interest and confidently
stated that he could show how even if a person worked for minimum wage, as long
as they follow the laws of wealth, they couldn’t help but become wealthy. Wow, what a statement huh?
Prepare Mentally for Wealth
Becoming wealthy requires some preparation, mental and
physical. First one must believe that they deserve wealth regardless of their
background or history. Wealth is no respecter of persons. Everyone deserves
wealth! In this society, the mind has been trained to
want things incessantly which ultimately ends up in debt. Debt restricts one’s ability
to build their principle from incoming earnings because it overextends a person’s
ability to pay and inflates interest so that makes it very hard for a
person to pay the debt off, let alone pay themselves first. Therefore, in preparation to become wealthy,
first know you are truly deserving and it is possible for you! Secondly, do not squander
your Principle by buying things to satisfy the ego and portray wealth, but let your
seed money grow and then when it’s time, place it somewhere to grow by itself,
or what we call compounding.
FUNDME247
Fundme247 is a good place to both create wealth and compound
wealth. Reason being, it is affordable to initiate the
seeds of wealth since it only costs $58 to start. Furthermore can compound your principle 3 times, using 3 streams of income: Fundme247, Fundme2Infinity and Feedme247! We
will talk more of this and illustrate this practical application of compounding
in the next article. Stay tuned!
To join Fundme247 please refer to the person who sent you this article. If you do not have a sponsor, contact support@fundme247 for a link.
Carolyn McTush, Fundme247 Admin
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