How To Spend Money Like The Rich

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Myths About Being Rich

When I say the word millionaire, what pops up in your mind? I believe that you must be thinking that a millionaire must own a yacht and, live in some mansion and even drive a Ferrari. I believe that the media had influenced us to have all this mental images in when we think about millionaires, but it is not 100% true.

Most of the self made millionaire are actually frugal and they do not splurge their hard earned money on liabilities. Instead, they protect their capital and also invest it intelligently to make their money work for them instead of them working for the money. Read the rest of How To Spend Money Like The Rich

10 Things To Do If You Lose Your Job

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Times Of Uncertainty

In this time of uncertainty, news of recession and mass jobs layoff are appearing a bit too frequently in the papers. The question today is how do you look at this recession? Is it a catastrophe or is it a blessing in disguise? How about jobs? Is losing your a job a bad thing or a good thing?

In my previous post I wrote about how to change disasters into meaningful events, so one of the worst disaster many may find is that they are losing their job or the job they are currently holding are not giving them enough security and it may be gone any time. >>Read the rest of “10 Things To Do If You Lose Your Job”>>

How close are you to be a millionaire?

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Myths of a Millionaire

Think of a millionaire lifestyle now. So what did you think of? Super cars? Fancy restaurants? Or owning an island?

Whenever we think of a millionaire, images of them driving super cars, dining at the finest restaurants or owning the huge property with a castle built on it are generated in our mind. Yet how much truth are there in these pictures? I believe the media and fairy tales have shown us too much false images of the guys in the “Super Rich Club”.

Research has shown otherwise. 80 percent of the millionaires generated their wealth in one generation and on average, millionaires live a decent lifestyle instead of the luxurious lifestyle that we thought of. Most of the millionaires are frugal and they may be driving a normal 1.6L car instead of a Ferrari.

Case Study: Warren Buffett VS Michael Jackson >>Read the rest of the entry>>

7 Cures for a lean purse

A classic book on wealth by George S.Clason. This book is written in a fascinating and informative story format that is easy to read and understand. The ideas are so simple that you will scratch your head and wonder why you did not apply the useful theories in your life before?

If you follow the ideas that are written in the book, you are guaranteed a road to happiness and prosperity. So here goes the cures of the lean purse!

1. First Cure. Start the purse to fattening.

Do you spend all the money you received every month? People struggle in life and complained that life is hard because the boss is not paying them enough money to keep food on the table. So why are people not paying themselves first? No matter how much we earned, we cannot be rich without first knowing how to pay ourselves first. If you have a basket and everyday you put in 10 apples in the morning and remove 9 apples in the evening, what will happen to the basket over time? It will become overflowing with apples. So what will happen if you save 10 percent of your income no matter how much it is and what will happen to your bank account overtime? It will be overflowing with money!

2. Second Cure. Control the expenditures.

If you are thinking… >>Read the rest of the entry>>