Bill Gates, Michael Dell, Richard Branson, Henry Sy, Lucio Tan, John
Gokongwei Jr., if they created their wealth through SAVING, growing
their own food, etc.
Those who became really wealthy created BUSINESSES. These businesses
bought them HIGH LEVEL INVESTMENTS and not CHEAP INVESTMENTS such as
MUTUAL FUNDS or PRENEED PLANS. Wealthy people CREATE THEIR INVESTMENTS
and they invest through their corporations and not as individuals.
Don't listen to mediocre investment advice if you wish to be wealthy.
Read Robert Kiyosaki's RichDad Poor Dad (only Php 299 at National
Bookstore), Cashflow Quadrant (only Php 315 at National Bookstore) and
RichDad's Guide To Investing - A MUST READ IF YOU WANT TO REALLY LEARN
TO INVEST (only PHp 315 at National Bookstore). Why get advice from
EMPLOYEES (such as brokers or RFPs) when you can learn it from
ENTREPRENEURS and WEALTHY PEOPLE.
I then invite you to our Free Wealth Course. This is a MINDSET COURSE,
which will teach you your money blueprint and how to recondition it.
Wealthy people have a certain mindset that allowed them to create their
empire. Poor people (employees) have a scarcity mentality.
To reserve seats for our Free Wealth Course please send me a text
message at (0917)8348308 or (0917)8258308. I also want to invite you to
our Online Community (www.ca2020. net
personal invite from Coach Ryan Vergara).
For your abundance!
Sincerely,
Coach Ryan Vergara
--- In entreplinkphilippin es@yahoogroups. com, Edmund Lao
>
> >
> >
> >
> >
> > On 1/4/09, Llonard Yap llonard_yap@ ... wrote:
> >>
> >> **
> >>
> >> How Real People Grow Their Wealth
> >>
> >> *For most people, wealth does not come in a windfall but instead
gathers
> >> gradually as a result of years of hard work and diligence.*
> >>
> >> Bankrate readers offer their tips for growing wealth. You'll find
no
> >> winning lottery numbers or surefire stock recommendations among
them, but
> >> all are sensible suggestions for savings.
> >> [image: community_garden. jpg]
> >> AP Photo/Bloomsburg Press Enterprise, Bill Hughes
> >>
> >> *1. Grow Your Own Food*
> >>
> >> I have a plot in our local community garden that I share with two
of my
> >> friends.
> >>
> >> It is a fun, inexpensive hobby for us -- plus it keeps us active
and
> >> teaches our children important life skills.
> >>
> >> We keep our 20- by 30-foot parcel planted year-round, and it
provides our
> >> three families with fresh, organic produce.
> >>
> >> -- *Anonymous*
> >> *More from Bankrate.com: *
> >>
> >> • 8 Ways to Ruin Your Chances to
Retire
> >>
> >> • Tips to Cope With the Economy in
2009
> >>
> >> • Smart Money Moves for
2009
> >>
> >> *2. Set Limits and Stick to Them*
> >>
> >> I try to save at least three to four part-time paychecks so that I
can
> >> elect to make a hefty payment on a credit card account and buy
myself a
> >> little something I waited to get.
> >>
> >> Also, I have inventoried my home and gathered up all half-full or
almost
> >> empty bottles of lotions, soaps, hair creams, cleaning products and
vowed
> >> not to make a purchase until we absolutely had not one drop of a
particular
> >> thing. So I have not been to the store to buy these items --
including
> >> makeup and colognes.
> >>
> >> I limit my driving and only buy $20 (of gas) at a time about once a
week
> >> …so $80 a month. Not an ounce more.
> >>
> >> As for groceries, I am using only fresh or frozen vegetables. At
the store
> >> I purchase only the item that is $0.99 per pound and pull out my
cookbook to
> >> find an exciting way to cook it and make great meals. Chicken can
be cooked
> >> 100 different ways.
> >>
> >> -- *Sharon Dorsey*
> >>
> >> *3. Buy Savings Bonds*
> >>
> >> I have always made a 10 percent deduction on my pay.
> >>
> >> If you do it every week, you will see that you don't miss it. After
a few
> >> years it can really accumulate into a nice sum of savings. The best
vehicle
> >> is savings bonds. You buy them and just hold them.
> >>
> >> -- *Michael de Gennaro*
> >> [image: raise.jpg]
> >>
> >> *4. Redirect Your Raises*
> >>
> >> Anytime I get a raise or a bonus, I don't have the additional money
> >> deposited into my checking account.
> >>
> >> I have already proven I can live without the money, so first I
direct it
> >> to my 401(k).
> >>
> >> Once I maxed out my 401(k) contributions, my raises went directly
into my
> >> HSA.
> >>
> >> Once that was maxed out, they went directly into a savings account.
> >>
> >> I now have my 401(k) fully invested, my HSA fully funded and a
great
> >> emergency fund.
> >>
> >> -- *Sam Hohman*
> >>
> >> *5. Split Raises in Half*
> >>
> >> Each and every job raise should be split -- half you keep and half
is put
> >> into a monthly retirement vehicle. It is a foolproof way to retire
early.
> >>
> >> -- *Chere*
> >>
> >> *6. Track Spending*
> >>
> >> Tracking spending (even for 30 days) allows you to know exactly
what you
> >> spend.
> >> *More from Yahoo! Finance:*
> >>
> >> • How to Make Money With 0% Interest
Rates
> >>
> >> • Study: Spendthrift Men Lure More
Mates
> >>
> >> • 6 Best Budgeting Web
Sites
> >> ------------ --------- ---------
> >> *Visit the Banking & Budgeting
Center*
> >>
> >> Have you ever gone to the ATM and two days later asked yourself, "I
know I
> >> got $60 on Tuesday -- where did it go?"
> >>
> >> You may remember some of it, but you will not remember all of it.
Tracking
> >> spending takes out the guesswork and puts you firmly in control of
your
> >> finances.
> >>
> >> From there, it's easy to determine what you can cut or, better yet,
what
> >> you can save.
> >>
> >> -- *Jude Gilford*
> >>
> >> *7. Spend Less by Budgeting*
> >>
> >> We found that if we keep track of our spending on a month-to-month
basis,
> >> we spend less.
> >>
> >> We are also good at paying ourselves first through auto-pay on the
> >> paycheck that goes into savings and 401(k) accounts.
> >>
> >> We also are good at putting our loose change in the change jar so
that
> >> maybe we can take that trip someday.
> >>
> >> -- *Brenda*
> >> [image: credit_card. jpg]
> >>
> >> *8. Save by Using Credit*
> >>
> >> My husband and I do not carry any significant amounts of cash --
have
> >> approximately $20 to $40 maximum in each wallet.
> >>
> >> All purchases -- food, gasoline and nominal retail purchases -- are
on the
> >> card. All credit purchases are paid up completely every billing.
Savings are
> >> twofold: 30-day float and no credit card interest ever for the past
30 years
> >> or more. Our motto is, if we pay any interest charges, they must be
> >> tax-deductible!
> >>
> >> -- *Kathleen McHugh*
> >> *
> >> * [image: rewards_cards. jpg]
> >>
> >> *9. Take Advantage of Rewards*
> >>
> >> I charge all food, gas and household bills such as electricity, car
loan
> >> and house insurance.
> >>
> >> I pay the card off each month. I am left with reward points to turn
into
> >> cash, restaurant certificates, gift cards at various stores and so
on. I
> >> actually make $40 to $70 a month by doing this.
> >>
> >> -- *Diann Williams*
> >> *More from Bankrate.com: *
> >>
> >> • 8 Ways to Ruin Your Chances to
Retire
> >>
> >> • Tips to Cope With the Economy in
2009
> >>
> >> • Smart Money Moves for
2009
> >>
> >> *10. Save With Coupons*
> >>
> >> Use coupons at the grocery store and put that money in a piggy
bank. It's
> >> amazing how much it adds up.
> >>
> >> Years ago the stores gave you cash back for coupons you used, but
now it's
> >> just deducted from the balance you owe at the store and your
receipt shows
> >> how much you saved. But you haven't really saved if you aren't
actively
> >> saving that money -- you are just spending less.
> >>
> >> Start saving by taking the amount of cash out of your wallet and
putting
> >> it away.
> >>
> >> -- *Lisa Anderson*
> >>
> >> *11. Use Direct Deposit*
> >>
> >> The best savings secret is using direct deposit from your paycheck
into a
> >> savings account.
> >>
> >> I also have direct deposit to an additional savings account at a
bank that
> >> I don't frequent very often for my vacation and Christmas fund.
Even small
> >> amounts add up if you leave it alone.
> >>
> >> -- *Karla*
> >>
> >> *12. Leverage Automatic Savings*
> >>
> >> The key in our household is automatic deposits. Here are some
examples:
> >>
> >> A. Every month we have a set amount taken out of our checking
account and
> >> put into our two children's college savings plans -- $50 each.
> >>
> >> In this way we are setting aside $600 per year for each child for
their
> >> college education. At $600 each year for 18 years we will have a
lot more
> >> than I, or my parents, had saved for my college education. They
will be
> >> expected to work, apply for scholarships and take out loans if
necessary to
> >> help fund their education.
> >>
> >> B. Part of our paychecks goes to various savings accounts
automatically:
> >>
> >> - Savings accounts for each of our children (both are under age 8)
to
> >> buy them clothes or other necessary items. We save $10 per month
for each,
> >> so that is $120 per year for each child, plus birthday and
Christmas money
> >> they receive from relatives helps toward clothing expenses.
> >> - A money market fund for future vacations to the tune of $50 every
> >> two weeks, which turns out to be $1,300 per year. We usually take a
big
> >> vacation every two years, so we have at least $2,600. Any money not
spent on
> >> a previous vacation is left in the account.
> >> - A money market fund for the down payment on our next vehicle.
> >> Whenever we pay off a vehicle, that money gets set aside instead of
spent,
> >> currently $150 every two weeks, which turns out to be $3,900 per
year. We
> >> try to go at least two to four years after paying off a vehicle
before
> >> replacing it.
> >> - A savings account for Christmas spending; we save $80 per month,
or
> >> $960 total, to put toward Christmas presents for family and
friends.
> >>
> >> C. We fund our 401(k)s directly through our employer, taken out of
our
> >> paychecks pretax. Paying for our retirement comes first.
> >>
> >> By having our money moving automatically around to various savings
> >> accounts or into the college funds or 401(k) plans, there is no way
not to
> >> have that money available for those reasons.
> >>
> >> -- *Jen Richardson*
> >> [image: do_not_touch. jpg]
> >>
> >> *13. Don't Touch the Money*
> >>
> >> I have a certain amount allotted to a bank account each payday that
I do
> >> not use to pay bills, nor do I withdraw that account. I never miss
the money
> >> because it is allotted before my pay is deposited.
> >>
> >> -- *Christina*
> >>
> >> *14. Pay Attention to Progress*
> >>
> >> I keep a chart of my debts and assets, including school loans, car
loan,
> >> mortgage, my savings account and 401(k).
> >>
> >> Then I watch them closely, actually daily right now, to see my
savings
> >> grow and my debts come down. At the top of the chart I put how much
I
> >> originally owed, and it has been very motivating. My savings
account shows
> >> me daily how much I'm earning -- by doing nothing!
> >> *More from Yahoo! Finance:*
> >>
> >> • How to Make Money With 0% Interest
Rates
> >>
> >> • Study: Spendthrift Men Lure More
Mates
> >>
> >> • 6 Best Budgeting Web
Sites
> >> ------------ --------- ---------
> >> *Visit the Banking & Budgeting
Center*
> >>
> >> I've always been a saver, but don't have much. For many years, I
was a
> >> single mom with two children, no education and no child support --
earning
> >> $5 an hour in Southern California.
> >>
> >> The kids are now on their own, and I've been at the same job for
almost 10
> >> years making a decent income. I just can't figure out why I didn't
make the
> >> chart before. It has significantly helped me save while paying off
my debts.
> >>
> >> -- *Cindy Troyer*
> >>
> >> *15. Save a Little Each Week*
> >>
> >> I needed to save money for several long-term goals and ongoing
bills, such
> >> as a new car, vacation fund, emergency vet fund for my pets and my
personal
> >> emergency fund, and so on.
> >>
> >> So I created an ING account for each fund. I started out the first
week by
> >> putting $1 in each account. The second week I put $1 into each
account plus
> >> an extra $1 into the personal emergency fund, third week went $1
into each
> >> account plus $2 into the personal account, and so on.
> >>
> >> The second month I put $2 a week into each account plus the extra
$1 into
> >> the savings. Third month was $3 into each account each week plus
the extra.
> >>
> >> Doesn't sound like much, but you slowly learn to live without the
money --
> >> paying yourself first!
> >>
> >> At this point I am putting away almost $100 a week spread out over
several
> >> accounts. Some accounts are just gathering funds for long-term
goals, for
> >> instance a new car, while others get tapped into on a regular
basis.
> >>
> >> -- *Alexis Heydt*
> >> [image: grocery_ads. jpg]
> >>
> >> *16. Check Grocery Store Ads*
> >>
> >> I have found that one of the best ways to save a few bucks is to
watch out
> >> for grocery store ads.
> >>
> >> I retired about 10 years ago and love to grocery shop. At my local
grocery
> >> market there is never a week that goes by that they don't have a
great
> >> discount on something. I save on average $40 to $45 per week, or
$1,300 to
> >> date this year.
> >>
> >> Every item I buy is something to eat or use for the household. It
beats
> >> the heck out of coupons.
> >>
1 comment:
Post a Comment