Many thousands of successful investors have been interviewed over the years in an attempt to gain financial advice and discover their so-called secrets of success. Here are some of their recommendations and tips on how to invest money to make even more money:… Read more
One of the most important responsibilities you have to yourself and your loved ones is for you to achieve your own financial freedom over the course of your working lifetime…. Read more
The way you think about money will determine how much of it you accumulate more than any other factor. Your attitude toward money affects your ability to learn from self-made millionaires and wealthy people to achieve financial freedom…. Read more
Virtually every single person in America who is financially independent started off with nothing. But they acquired good personal finance habits, learned how to save money, and improve their money management skills, eventually becoming some of the most successful people in their communities. And anything that anyone else has done, you can probably do as well…. Read more
The fact is that all of life is a contest of some kind. You are in competition with everyone else who wants a salary increase and promotion, whether you like it or not. A race is on and you are in it. Your job is to move yourself into the lead and then figure out how to move ahead faster than the other people around you.
Fortunately, there are proven and tested ways to get ahead and stay ahead. One of the most important of these strategies is for you to continually ask for more responsibility. Volunteer for every assignment…. Read more
“Why is it that people don’t become wealthy?”
In a country like ours, with the opportunities that we have, why is it that so few people retire financially independent? And I eventually found the answers. Here are what I consider to be the five reasons why people don’t become wealthy…. Read more
Most entrepreneurs are motivated by ideas, concepts, hopes, desires, and optimism. They like to interact with people, to market and sell. They enjoy negotiating, communicating, and persuading. They are action-oriented and like to be in continuous motion. They start early, work hard, and stay later.
But most entrepreneurs are not “numbers” people. They have little patience for the details of financial statements and accounting. They are eager to get on with the business of meeting with people and selling the product. In fact, for most entrepreneurs, dealing with numbers is irritating and frustrating.
But nonetheless, for you to move solidly along the way to wealth, to become a successful entrepreneur, and eventually, a self-made millionaire, you must master the numbers in your business. You can hire bookkeepers, accountants, and financial advisors to help you, but you can never abdicate the responsibilities of fully understanding every penny and every dollar that comes in and out of your business.
A part of all you earn is yours to keep, and if you cannot save money, the seeds of greatness are not in you.
-W. Clement Stone
Resolve today that you are going to save and invest at least 10 percent of your income throughout your working life. … Read more