Article - Rich or Poor …
Ξ June 3rd, 2008 | → | ∇ Articles and Faves |
Here’s an EXCELLENT article by my friend, Gary Simpson. I hope you
enjoy it!
In Peace:
Coach B
“Rich or Poor - Get the Knowledge”
by Gary Simpson
Most people work hard all their lives only to “retire” poor
then try to live off meagre savings or a small (rapidly
disappearing) Government pension. They are forced to live
out their twilight years struggling with constant money
problems.
Many of them have to buy only the cheapest food and are
unable to enjoy the little pleasures of life like going to
an occasional movie, eating out or taking short trips. They
have to watch every cent they spend.
If only these people had saved, on a consistent basis, just
a small percentage of their earnings and set it aside.
George Classon, in his marvelous book called “The Richest
Man in Babylon” suggests that putting aside just “ten
percent of what we earn and investing it”, is enough to make
for a comfortable retirement.
Let me ask you a question. Are you saving a percentage of
what you earn or are you like most people who spend
everything? Alarmingly, there are new statistics which
suggest that most people, in fact, are spending more than
what they earn. The latest studies are saying people are
currently spending 104% of their income.
It sounds impossible, doesn’t it? It’s not! The advent of
credit cards has led to spiraling debt. Multiple credit
cards and “store” cards allow people to buy now and pay
later. I call this “payment by the twelfth”.
I refer, of course to that famous Johnny Mathis song “The
Twelfth of Never”. Many use the “roundabout” system of using
one credit card to pay for another and so on. This is a
recipe for disaster.
I recommend you purchase “The Richest Man in Babylon” and
study it. The information it contains can make a positive
impact on the way you handle your finances. At least if you
read the book and understand it you can make a conscious
choice to ignore its wisdom. You are then in a position to
decide whether you want to be rich or poor because you will
have the knowledge.
There is no better time than right NOW to start becoming
responsible with money and investing for your future. What
you keep putting off today will eventually return to haunt
you when you have a diminished capacity to do anything about
it.
In other words, the longer you leave it the more difficult
it will become. You cannot work forever. Eventually, the day
will come when you will either want to retire or you will be
forced to retire.
Rich or poor - get the knowledge!
________
About the Author: Gary Simpson is the author of the personal
development manual and e-book “How to Stop Wasting Your Life
and Start Getting What You Want.” His email address is
budo@iinet.net.au. You can read more articles like this and
request sample e-books at Gary’s Motivation & Self Esteem
for Success website at http://www.motivationselfesteem.com
——–>>
Gary Simpson is featured in One Question To Success.
To learn more and get your copy of this powerful success package, go here now to see
why the critics are raving about it … be sure to grab your copy and launch yourself to
higher personal achievement … starting right now!
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