Excerpt
It is very sad to see people who worked diligently from age eighteen to age sixty-five be forced to retire with less than one thousand dollars in the bank. Experts say that when most Americans retire, they will be financially dependent on the government or on other family members. You can protect yourself from being dependent on the government and family members by preparing for your future and having a clear understanding of money. The problem is that most people don’t understand money, how money works, how to accumulate money, and how to utilize it efficiently. Let’s start by understanding the definition of money. Money is only an object that represents the value of your efforts. Therefore, you are paid based on the value of your efforts. If you want to increase the amount of money you earn, you must first increase your efforts.
To increase your income from your job, start to think: how can I accomplish the tasks of my job faster or cheaper? How can I increase the bottom line or customer base for my company? By intensifying your efforts, you become more valuable to your employer. Producing excellence in service to your employer equals more money in your pocket! Now that you understand the definition of money and how to increase your value, let’s look at what happens when you receive money. Once you receive money, you must decide what you are going to do with it. You can spend it, save it, or invest it. Whatever you decide to do with the money you receive, you will have to live with the consequences. What are you doing with your money? Money is not for spending! Money is for giving, investing, saving and spending — in that order! How can you give and invest your hard-earned money when you need every penny for your daily living expenses?
You give and invest your hard-earned money by establishing a systematic approach. This book will outline practical applications to help you accomplish and measure your goals. As you read this book and apply the steps outlined to your daily life, you will begin to systematically eliminate bad debt, create wealth, and attract money to you.
You are well on your way to becoming a Money Magnet and being abundantly supplied. Let’s get started!
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