10. Knowledge of the law of money is the key demand for wealth. To obtain this knowledge, find mentors, coaches, teachers, and partners for wealth.
9. The first thing to do with money is to save.
8. Minimize expenses.
7. The reason for failure in life is ignorance and laziness.
6. Don't keep liabilities. Keep only income generating assets.
5. Money comes by producing goods or services.
4. Wealth comes by investment. Save in order to multiply the savings, retain by minimizing costs, and multiply by investment and production.
3. Income does not determine wealth; Knowledge does.
2. Do not despise the day of small beginnings. Start with small savings.
1. Don't listen to the dictates of money - it is a good tool but a bad master.
Stay tuned as i still have more to come your way. No man is an island. I have a lot to learn, likewise you. That's why we're all here, isn't it? Every successful man is an ongoing project. As i learn i will unfold.
June 29, 2010
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