CONGRATULATIONS TO ALL AMERICANS

I congratulate all Americans as President Obama takes the oath of office for his second term in office. May God give him wisdom to lead his people successfully.

RULES OF WEALTH

I read a book recently and the information i obtained from it was a great blessing to me. I would want all my readers to benefit from this book as it would help them financially. The book is titled THE RULES OF WEALTH. The rules of wealth are as follows: RULE 1: ANYBODY CAN MAKE MONEY RULE 2: DECIDE ON YOUR DEFINITION OF WEALTH RULE 3: SET YOUR OBJECTIVES RULE 4: KEEP IT UNDER YOUR HAT RULE 5: MOST PEOPLE ARE TOO LAZY TO BE WEALTHY RULE 6:UNDERSTAND YOUR MONEY BELIEFS AND WHERE THEY COME FROM RULE:7 UNDERSTAND THAT WEALTH IS A CONSEQUENCE NOT A REWARD RULE 8: SEE WEALTH AS A FRIEND NOT THE ENEMY RULE 9: DECIDE WHAT YOU WANT MONEY FOR RULE 10: UNDERSTAND THAT MONEY BEGETS MONEY I urge you toget a copy ofthis book and read the remaining rule in part one of the book .Thanks

FIFTY WAYS TO SAVE FIFTY DOLLARS A MONTH

All of us want easy money making tips, quick money making ideas which will turn our blogs to money making machine and we seek money making opportunities, but one of the skills we have to master to be able to achieve these objectives is saving habit. In MULTIPLE STREAMS OF INCOME, Robert Allen mentioned 50 ways to save 50 dollars a month. They are as folows
1. Shop with a list and stick to it
2. Just say NO to ATM with fees, plan ahead for your cash needs.
3. Does your bank charge high fees? MOVE YOUR ACCOUNT
4. Pay off that credit card balance
5. Look for lower preminums on your insurance policies
6. Consider higher deductibles for your home and auto insurance
7. E-mail your friends instead of calling
8. Skip the movies; rent a video instead
9. Dine out? Eat in.
10. Lunch is "in the bag" - or it should be.

Get a copy of the book MULTIPLE STREAMS OF INCOME and read the remaining 40 ways to save 50 dollars a month.

THE MILLIONAIRE MINUTE

The rich people have a peculiar way of approaching a money event everyday. The author of MULTIPLE STREAMS OF INCOME list the following:
1. They plan their purchase. As with airline tickets, the longer the planning horizon, the cheaper the purchase.
2. They expect, ask for, and often get a discount
3. They expect, ask for and always get a receipt
4. They always examine the receipt for errors.
5. They immediately write on their receipt a cetgory number.
6. They balance their account to the penny
7. They file the receipt as soon as they get home.

Millionaires may not spend more than a minute on these activities outlined, but the overall benefit is substantial in terms of money eventually saved. Practice the millionares minute today and receive a turning around of your finance for the better.

You may read about the millionire's minute on page 19 0f MULTIPLE STREAMS OF INCOME. Get your own copy today and read the full detail.

CONTROLLING OUR FINANCE THROUGH PLANNING

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.

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.

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.