Robert Allen listed ten categories where the money we spend daily could be categorised. These ten categories are as follows:
1. GIVING: This represents the 10% you give to God Almighty as tithe, the offering you paid in your church and the money you spent in helping others around you.
2. SELF: After paying the first 10% to God, the next 10% should belong to you. This is in line with the advice given by the author of THE RICHEST MAN IN BABYLON. You may get the book and read further.
3. TAXES: The next category is taxes which you paid regularly.
4.SHELTER: This represents the money you spent on house rent
5. HOUSEHOLD EXPENSES: This includes money spent on feeding, clothing, etc.
6. AUTO: This includes money spent on transportation.
7. FUN AND ENTERTAINMENT: Anytime you spent money on movies, fast food, etc they should be in category seven.
8. INSURANCE: Payment for insurance, health, life and disability should be in category eight.
9. DEBT/MISCELLANEOUS:
10. BUSINESS EXPENDITURE:
If one is able to discipline himself to carry out this exercise whenever one spends money, it will not be difficult to have enough money for saving. To be able to understand this concept of financial control better, i suggest you get MULTIPLE STREAMS OF INCOME and THE RICHEST MAN IN BABYLON. These two books will change your financial fortune.
Saturday, February 11, 2012
7 ESSENTIAL SKILLS NEEDED FOR FINANCIAL SUCCESS
Robert Allen listed seven skills needed for financial success in his boosk titled MULTIPLE STREAMS OF INCOME. The seven skills are as follows:
1. VALUE IT: This skill involves valuing every money that comes to us. Nothing should be wasted.
2. CONTROL IT: We should also learn how to control our money. This involves planning our expenses to have some money left for saving. Get this important book and get the full details.
3. SAVE IT: The amount of money left after all our needs have been met should be saved. This is very crucial for financial success..
4. INVEST IT: The author discussed the various investment mountains available to everyone. This is fully explained in chapter four.
5. MAKE IT: This skill involves getting ideas which could be turned to money. It is different from investing in existing businesses.
6. SHIELD IT: This involves finding various legitimate ways to protect all the assets you accumulate in your lifetime.
7. SHARE IT: God wants everyone of us to be blessings to others around us. We therefore have to share some of our money with them.
1. VALUE IT: This skill involves valuing every money that comes to us. Nothing should be wasted.
2. CONTROL IT: We should also learn how to control our money. This involves planning our expenses to have some money left for saving. Get this important book and get the full details.
3. SAVE IT: The amount of money left after all our needs have been met should be saved. This is very crucial for financial success..
4. INVEST IT: The author discussed the various investment mountains available to everyone. This is fully explained in chapter four.
5. MAKE IT: This skill involves getting ideas which could be turned to money. It is different from investing in existing businesses.
6. SHIELD IT: This involves finding various legitimate ways to protect all the assets you accumulate in your lifetime.
7. SHARE IT: God wants everyone of us to be blessings to others around us. We therefore have to share some of our money with them.
Sunday, February 5, 2012
PROCRASTINATION AS AN ENEMY OF FINANCIAL SUCCESS
It is commonly said that procrastination is the thief of time. This statement is very true in all areas of life particularly with respect to saving and investing. This is because the longer one invests, the higher the turnover that is expected.
In the book MULTIPLE STREAMS OF INCOME, which i am still discussing, Robert Allen shows how dangerous and unprofitable it is to procrastinate on our investment goal. He made the following statements which i found very amusing:
"Let me show you the terrible cost of procrastination. Suppose you had the discipline to soak away $200 a month over a 20-year period of time with a target interest rate of 20%, how much could you accumulate? According to my calculator, $200 a month at 20% for 20 years grows into $632,000. Not bad. Now suppose instead of starting this year, you wait a year to get started. This leaves you only 19 years of growth instead of 20 years. According to my calculator, you would have only $516,000 in your account in 20 years. That is $116,000 less than you could have had if you had started on schedule. In other words, your procrastination cost you $116,000 in future dollars."
This statement is very easy to understand, therefore i warn all my readers against procrstination. Let your motto be DO IT NOW. Get a copy of this important book here and learn all you need to know to succeed financially.
In the book MULTIPLE STREAMS OF INCOME, which i am still discussing, Robert Allen shows how dangerous and unprofitable it is to procrastinate on our investment goal. He made the following statements which i found very amusing:
"Let me show you the terrible cost of procrastination. Suppose you had the discipline to soak away $200 a month over a 20-year period of time with a target interest rate of 20%, how much could you accumulate? According to my calculator, $200 a month at 20% for 20 years grows into $632,000. Not bad. Now suppose instead of starting this year, you wait a year to get started. This leaves you only 19 years of growth instead of 20 years. According to my calculator, you would have only $516,000 in your account in 20 years. That is $116,000 less than you could have had if you had started on schedule. In other words, your procrastination cost you $116,000 in future dollars."
This statement is very easy to understand, therefore i warn all my readers against procrstination. Let your motto be DO IT NOW. Get a copy of this important book here and learn all you need to know to succeed financially.
PRAISE FOR MULTIPLE STREAMS OF INCOME- BY FINANCIAL EXPERTS
MULTIPLE STREAMS OF INCOME is a smart, instructional read for anyone just beginning , or well on their way to financial freedom. You can't go wrong with this book. It is right on target. Michael Geber, founder and chairman The E-Myth Academy.
The information contained in the first paragraph of page 283 alone is worth 100 times the price of this book. Gary Halbert, Author, The International Gary Halbert Letter.
Robert Allen's book, MULTIPLE STREAMS OF INCOME, is provocative and should be read cover to cover by everybody from the entrepreneurial or investing novice to the most experienced and seasoned of us. It will be difficult to come away without new, profitable information, but for many, just the kick in the butt to be more aggresive in diversifying could prove very valuable. Dan S. Kennedy. Author, How to succeed in Business by Breaking ALL the rules.
I have really benefitted immensely from reading this book i strongly recommed it to my readers. It should be read along with MULTIPLE STREAMS OF INTERNET INCOME by the same author
The information contained in the first paragraph of page 283 alone is worth 100 times the price of this book. Gary Halbert, Author, The International Gary Halbert Letter.
Robert Allen's book, MULTIPLE STREAMS OF INCOME, is provocative and should be read cover to cover by everybody from the entrepreneurial or investing novice to the most experienced and seasoned of us. It will be difficult to come away without new, profitable information, but for many, just the kick in the butt to be more aggresive in diversifying could prove very valuable. Dan S. Kennedy. Author, How to succeed in Business by Breaking ALL the rules.
I have really benefitted immensely from reading this book i strongly recommed it to my readers. It should be read along with MULTIPLE STREAMS OF INTERNET INCOME by the same author
MULTIPLE STREAMS OF INCOME
I came across a book recently, titled “Multiple streams of income. The author is Robert Allen. The book contains great insights on financial freedom, which I would like to share with my visitors on this page. The book contains seventeen chapters, which are full of information that can really make one to be rich.
I will advice my readers to get a copy of this important book, to be able to derive maximum benefit from the contents. The book contains many money making ideas, and money management tips which can be applied by anyone interested in changing his or her financial fortune. You may follow this link to see what I am talking about.
The first chapter is titled Easy Money: Financial freedom on a Dollar a day. Do you really believe this? See the book here to confirm this statement for yourself. Strange as it may be, the author shows that it is possible to become a millionaire by saving and investing one dollar a day. The chapter was aimed at showing how important it is for us to value money, and to see every dollar bill as a seed which could be planted to yield more money. Get a copy of the book and start planting your own money seed today.
I will advice my readers to get a copy of this important book, to be able to derive maximum benefit from the contents. The book contains many money making ideas, and money management tips which can be applied by anyone interested in changing his or her financial fortune. You may follow this link to see what I am talking about.
The first chapter is titled Easy Money: Financial freedom on a Dollar a day. Do you really believe this? See the book here to confirm this statement for yourself. Strange as it may be, the author shows that it is possible to become a millionaire by saving and investing one dollar a day. The chapter was aimed at showing how important it is for us to value money, and to see every dollar bill as a seed which could be planted to yield more money. Get a copy of the book and start planting your own money seed today.
Tuesday, December 27, 2011
HAPPY NEW YEAR TO ALL MY FANS
I wish all my fans a happy and prosperous new year. May God bless all of us in the new year
Monday, August 29, 2011
THE CONCEPT OF FINANCIAL FREEDOM AND HOW TO ATTAIN IT
As far as I am concerned, financial freedom means you are in complete control of your money since you spend les than you earn, thereby having a reserve which you can fall back on any day any time. Even though you have an expertise as a money making machine, yet you are an expert at managing your money and financial resources very well. Financial freedom may also mean that you would not need to worry for money again for the rest of your life. For this reason, you may afford to travel to any part of the world, not minding what would happen to your business in your absence. Looking at this concept from another perspective, it may mean that you are increasing your saving and assets regularly until you have more than enough. Lastly, it means you are not forced by circumstances to do any job just to be able to make money and make ends meet. In order words you only do what you enjoy doing, rather than what circumstances forced on you and when you are exposed to money making opportunities, you are able to turn such opportunities to stupendous wealth.
Looking at the concept of financial freedom as defined above, are you financially free at this moment or you are deeply in debt? This article will reveal to you how you can come out of debt completely. I will advise that you regularly visit this website in order to get timely information on offline and online money making opportunities as well as quick ways to make money and enjoy life to the utmost.
STEPS TO FINANCIAL FREEDOM
1. Have a desire to attain financial freedom: Napoleon Hill, in his popular book titled Think and Grow Rich, identified desire as the beginning of all worthwhile achievement in life. You must have a desire to be financially free because if this desire for change is not present, your condition will not change at all. Don’t you agree with view? Let me have your comments.
2. Pay Yourself First: All experts in financial matters agree that you must pay yourself first in order to be financially free. In order words, you should be able to save a portion of your income on regular basis. The amount saved regularly should not be less than 10% of your income. This is the first principle in any money making program or money making scheme.
3. Start early in your working life: The earlier you start your plan towards financial freedom, the better and easier it is for you to attain your goal and the longer you are able to enjoy what you have. For you who are close to retirement, you can still be financially free provided you start today. There must be a conscious effort to follow these money making tips that I will be sharing with you on this page.
4. Avoid debt as much as possible: Pay your outstanding debts and try not to add new debts. Consider the benefits before you make any purchases. Avoid spontaneous purchase as much as possible.
5. Pray for divine assistance: In all maters that affect your life, you need God’s help to be able to achieve success. This help can only come if you pray to God and seek His intervention. God, being a loving father, will gladly answer your prayers and show you how to make money, how to manage the money made and even, good making ideas that are almost free and will transform your life permanently. Think about the few ideas I share with you today till I come your way again. Thanks.
Looking at the concept of financial freedom as defined above, are you financially free at this moment or you are deeply in debt? This article will reveal to you how you can come out of debt completely. I will advise that you regularly visit this website in order to get timely information on offline and online money making opportunities as well as quick ways to make money and enjoy life to the utmost.
STEPS TO FINANCIAL FREEDOM
1. Have a desire to attain financial freedom: Napoleon Hill, in his popular book titled Think and Grow Rich, identified desire as the beginning of all worthwhile achievement in life. You must have a desire to be financially free because if this desire for change is not present, your condition will not change at all. Don’t you agree with view? Let me have your comments.
2. Pay Yourself First: All experts in financial matters agree that you must pay yourself first in order to be financially free. In order words, you should be able to save a portion of your income on regular basis. The amount saved regularly should not be less than 10% of your income. This is the first principle in any money making program or money making scheme.
3. Start early in your working life: The earlier you start your plan towards financial freedom, the better and easier it is for you to attain your goal and the longer you are able to enjoy what you have. For you who are close to retirement, you can still be financially free provided you start today. There must be a conscious effort to follow these money making tips that I will be sharing with you on this page.
4. Avoid debt as much as possible: Pay your outstanding debts and try not to add new debts. Consider the benefits before you make any purchases. Avoid spontaneous purchase as much as possible.
5. Pray for divine assistance: In all maters that affect your life, you need God’s help to be able to achieve success. This help can only come if you pray to God and seek His intervention. God, being a loving father, will gladly answer your prayers and show you how to make money, how to manage the money made and even, good making ideas that are almost free and will transform your life permanently. Think about the few ideas I share with you today till I come your way again. Thanks.
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