Hello Readers.....
How is everyone? Hopefully it's
in good condition So this time I will review the last part, Part V: Success and
Money and Part VI: Success in the Digital Age, from the book The Success
Principles written by Jack Canfield.
PART V: SUCCESS AND MONEY & PART: SUCCESS IN DIGITAL AGE
The fifth set of principles,
Success and Money, includes advice on how to make and maintain the finances we
need to achieve our goals. First, it must identify our limiting beliefs about
money. Most people are familiar with phrases like "money is the root of
all evil," and "money does not grow on trees"; while this phrase
is not intended to be taken seriously, they do say something about the public's
perception of money. We ourselves must believe that we can make money by doing
what we like, and must also move past negative connotations of wealth.
If we want to be rich, we must first
determine what wealth means to ourselves. Find out your own net worth (this can
be done with the help of an advisor, or with a free online calculator) and then
determine how much money is needed to live the desired life. For many people,
this means determining how much the pension costs. Use these numbers to create
and write goals for yourself, such as, "I will have X net worth in year
Y."
The important practice at any
level of wealth is to realize how much we spend. Excessive spending keeps us in
debt and destroys our financial goals. To get an idea of our excessive
shopping habits, try this exercise. Go through the house, room by room, cupboard
with the closet, and collect all the items that have not been used in the past
year. Then add the price we pay for each and every item. We may be surprised to
find expensive items that have not even been opened, and maybe we will find
that the cost of these items is combined greater than our total credit card
debt.
If we want to spend more money
and live a more extravagant lifestyle, we have to save more money or make more.
The best way to make more money is to become an entrepreneur. Start our own
business by identifying needs and filling them out. Current technology makes it
easier than ever, because internet businesses are a great way to start serving
customers immediately and experimenting with new products and / or services.
One of the last ways to use our
money is to share it. By supporting and investing in local communities and
those in need, we will build a strong reputation and inspire others to do the
same. When we give freely, we send positive energy which will eventually return
to ourselves, both financially and vice versa.
So,from my blog, hopefully it
will be useful and add insight to those of you who like to read all my blogs
from the beginning until now.
Thankyou Everyone-
