If I Saved My Money When I Was Young ...
I was chatting with a good friend of mine a few days back.
He's a professional programmer that is currently working in
a multi-million dollar software company.
As we were chatting, he told me that a 60-year old man was
going for an interview to be a software programmer in his
company that morning.
I began thinking,
"That's awesome. This man is being productive and still
seeks new challenges in his life even at the age of 60!
Most people would have already stopped working."
Then, I paused for a moment.
"What if he's seeking a JOB because he doesn't have any
money to spend at the age of 60?"
Now, let's do a paradigm shift for a few moments.
Neither you nor I (Nor maybe even my friend) may ever know
the reason why this man wants to work again at the age of 60.
But if I want to play the Devil's advocate, I may think
that this man is working because he doesn't have any money.
How can a man end up with no money at the age of 60?
It's almost impossible to believe, but the shocking fact is
that there are many people who can't afford to retire at
that age or work less.
Why?
Lack of financial and budgetary understanding? Perhaps a
total ignorance of financial education?
As I said, it seems almost impossible for a man, at the age
of 60, to have no money. For instance, if you save $2,000 a
year at the interest rate of 8% for only 10 years, you
would have accumulated $340,060 in 30 years!
That's about $166.67 a month. Even if you can't obtain an
investment return as high as 8%, you should still have at
least $150,000 sitting in your bank account after 30 years.
Worst case. If you hid your money under your bed, you still
have $24,000 saving if you saved $100 a month for 20 years.
What could have happened in the last 30 years that this man
did not manage to save his money?
I don't know. There are just too many possible
explanations. But one thing seems certain, the money most
probably was not saved and invested at all. Or maybe it was
squandered or lost on bad investments.
Or maybe – It was not a priority to save that time because
he could be thinking,
"What can I do with $100.00? I can earn that amount of
money easily next month so it's best that I use that money
first this month."
I just can't stress how important it is to be financially
educated.
This financial literacy must be accompanied by it's two
good 'friends', Mindset and Attitude.
Some people know that if they save the money and invest it,
then it can create a snowball of financial freedom, but
they never do it! Why?
You have to master your mindset and attitude first
before educating yourself with wealth knowledge. A
lot of people don't understand this important fact.
If you think that you have already mastered it, then it's
obvious that you have not. In fact, you don't know a thing
about it and you demonstrate this merely because you
"think" you know. Just simply by "thinking you know"
closes your mind to everything. Go and ask any wealthy
person whether they still continue to educate themselves
about how to be wealthier. You’ll almost certainly get
'Yes' as the answer.
As I was reading The Infinite Wealth Trilogy by Paul
Counsel, I became embarrassed at how little knowledge I
actually have about financial literacy. There is just so
much information in this book - like how to create a cash
flow income or earn money from capital gains by investing
in real estate.
I couldn't finish reading the ebook in a week – Because
it's a whopping 600 pages!
But like I said, financial literacy alone will not help.
First you need to understand your mindset and attitude.
Once you have successfully done that, then, and only then,
can you use 'this knowledge' for your benefit.
When I was conducting Paul Counsel's 6-Week Millionaire
Coaching Program, I had the privilege of learning from a
self-made millionaire who was sharing his knowledge of how
to be financially free.
=============================================
Special note: Participants in Paul Counsel's 6-Week
Millionaire Coaching Program will receive a copy of the
600-page Infinite Wealth ebook for FREE worth $97.
You can still register by clicking here.
=============================================
Here's what one of the participants said:
Amazing! Paul Counsel and Patric Chan truly have cracked
the code to unlock your mind to allow you to make Quantum
Leap breakthroughs to remove your financial barriers that
have been holding you back your whole life and they guide
you to build a solid foundation on which to build your own
success empire!
Keith "The Teleseminar Expert" Schaffer
www.theteleseminarexpert.com
==
No matter what age you are right now, you can still take
control of your financial future. It's never too late IF
you have the correct financial education and know what
to do to be financially free. Of course, it'll be
much easier if there's someone to show you the quickest and
easiest way to achieve that.
But then, there's always this little voice telling you the
never-ending sad stories like,
"I’m too old to start."
"I was abused when I was young."
"Opportunity never comes to me."
"I'm in debt."
And the list goes on and on ... and on.
These are probably valid reasons to stop you becoming
financially rich.
WAIT! Did you read what I have just said?
They're probably valid reasons to stop you. Why are you
letting them stop you? Ooh, more reasons.
"I'm too old to start because when I was young I needed to
do this and that ..."
"I was abused when I was young because my parents didn't
love me ..."
"I'm in debt because I spent too much on my credit card ..."
These are probably valid reasons to stop you again.
Do you see the cycle? THE LITTLE VOICE IS STOPPING YOU
IRRELEVANT TO WHETHER IT'S TRUE, VALID OR NOT!
Do you want to know what my advice is? I suggest that you
tell your little voice to take a hike. Tell the little
voice, "Good bye, I don’t need you anymore". You know, and
I know, that it's not going to help you to become rich, so
why keep listening to the little negative voice?
Take charge of your life. It's YOUR RESPONSIBILTY. The
mighty creator has already done one of the best things in
the universe – He created you. But it's not His (Or your
parent's, your children's, your friends, the government's
and etc) responsibility to make sure that you have a happy
and wealthy life.
You are the one who makes the choices.
Honestly, how would you feel if you have reached the age of
60 (or more) and you still needed to work because you don't
have any money? Do you have that kind of fear? I would
because at the age of 60, I will work because I want to
work, NOT BECAUSE I HAVE TO WORK. That's why I'm taking
control of my financial destiny. You should too.
About the author:
Patric Chan is considered one of those ordinary
'Average Joes' who has achieved extraordinary
results in making money online and offline.
He's an author, speaker and infopreneur who has
worked with many other successful individuals
around the world.
His eSuccessMastery Newsletter is subscribed by
thousands of people around the world, and it is
where Patric shares valuable self-improvement tips
and information that will take the subscriber to
the next level of personal improvement.
http://www.esuccessmastery.com
====
If you are using this article ...
You now have permission to reprint this article on your
web site or in your e-zine as long as it is not edited and you
will kindly leave the signature with the article. Please let
me know if you are publishing this article so that you
can replace the signature link with your affiliate link.
He's a professional programmer that is currently working in
a multi-million dollar software company.
As we were chatting, he told me that a 60-year old man was
going for an interview to be a software programmer in his
company that morning.
I began thinking,
"That's awesome. This man is being productive and still
seeks new challenges in his life even at the age of 60!
Most people would have already stopped working."
Then, I paused for a moment.
"What if he's seeking a JOB because he doesn't have any
money to spend at the age of 60?"
Now, let's do a paradigm shift for a few moments.
Neither you nor I (Nor maybe even my friend) may ever know
the reason why this man wants to work again at the age of 60.
But if I want to play the Devil's advocate, I may think
that this man is working because he doesn't have any money.
How can a man end up with no money at the age of 60?
It's almost impossible to believe, but the shocking fact is
that there are many people who can't afford to retire at
that age or work less.
Why?
Lack of financial and budgetary understanding? Perhaps a
total ignorance of financial education?
As I said, it seems almost impossible for a man, at the age
of 60, to have no money. For instance, if you save $2,000 a
year at the interest rate of 8% for only 10 years, you
would have accumulated $340,060 in 30 years!
That's about $166.67 a month. Even if you can't obtain an
investment return as high as 8%, you should still have at
least $150,000 sitting in your bank account after 30 years.
Worst case. If you hid your money under your bed, you still
have $24,000 saving if you saved $100 a month for 20 years.
What could have happened in the last 30 years that this man
did not manage to save his money?
I don't know. There are just too many possible
explanations. But one thing seems certain, the money most
probably was not saved and invested at all. Or maybe it was
squandered or lost on bad investments.
Or maybe – It was not a priority to save that time because
he could be thinking,
"What can I do with $100.00? I can earn that amount of
money easily next month so it's best that I use that money
first this month."
I just can't stress how important it is to be financially
educated.
This financial literacy must be accompanied by it's two
good 'friends', Mindset and Attitude.
Some people know that if they save the money and invest it,
then it can create a snowball of financial freedom, but
they never do it! Why?
You have to master your mindset and attitude first
before educating yourself with wealth knowledge. A
lot of people don't understand this important fact.
If you think that you have already mastered it, then it's
obvious that you have not. In fact, you don't know a thing
about it and you demonstrate this merely because you
"think" you know. Just simply by "thinking you know"
closes your mind to everything. Go and ask any wealthy
person whether they still continue to educate themselves
about how to be wealthier. You’ll almost certainly get
'Yes' as the answer.
As I was reading The Infinite Wealth Trilogy by Paul
Counsel, I became embarrassed at how little knowledge I
actually have about financial literacy. There is just so
much information in this book - like how to create a cash
flow income or earn money from capital gains by investing
in real estate.
I couldn't finish reading the ebook in a week – Because
it's a whopping 600 pages!
But like I said, financial literacy alone will not help.
First you need to understand your mindset and attitude.
Once you have successfully done that, then, and only then,
can you use 'this knowledge' for your benefit.
When I was conducting Paul Counsel's 6-Week Millionaire
Coaching Program, I had the privilege of learning from a
self-made millionaire who was sharing his knowledge of how
to be financially free.
=============================================
Special note: Participants in Paul Counsel's 6-Week
Millionaire Coaching Program will receive a copy of the
600-page Infinite Wealth ebook for FREE worth $97.
You can still register by clicking here.
=============================================
Here's what one of the participants said:
Amazing! Paul Counsel and Patric Chan truly have cracked
the code to unlock your mind to allow you to make Quantum
Leap breakthroughs to remove your financial barriers that
have been holding you back your whole life and they guide
you to build a solid foundation on which to build your own
success empire!
Keith "The Teleseminar Expert" Schaffer
www.theteleseminarexpert.com
==
No matter what age you are right now, you can still take
control of your financial future. It's never too late IF
you have the correct financial education and know what
to do to be financially free. Of course, it'll be
much easier if there's someone to show you the quickest and
easiest way to achieve that.
But then, there's always this little voice telling you the
never-ending sad stories like,
"I’m too old to start."
"I was abused when I was young."
"Opportunity never comes to me."
"I'm in debt."
And the list goes on and on ... and on.
These are probably valid reasons to stop you becoming
financially rich.
WAIT! Did you read what I have just said?
They're probably valid reasons to stop you. Why are you
letting them stop you? Ooh, more reasons.
"I'm too old to start because when I was young I needed to
do this and that ..."
"I was abused when I was young because my parents didn't
love me ..."
"I'm in debt because I spent too much on my credit card ..."
These are probably valid reasons to stop you again.
Do you see the cycle? THE LITTLE VOICE IS STOPPING YOU
IRRELEVANT TO WHETHER IT'S TRUE, VALID OR NOT!
Do you want to know what my advice is? I suggest that you
tell your little voice to take a hike. Tell the little
voice, "Good bye, I don’t need you anymore". You know, and
I know, that it's not going to help you to become rich, so
why keep listening to the little negative voice?
Take charge of your life. It's YOUR RESPONSIBILTY. The
mighty creator has already done one of the best things in
the universe – He created you. But it's not His (Or your
parent's, your children's, your friends, the government's
and etc) responsibility to make sure that you have a happy
and wealthy life.
You are the one who makes the choices.
Honestly, how would you feel if you have reached the age of
60 (or more) and you still needed to work because you don't
have any money? Do you have that kind of fear? I would
because at the age of 60, I will work because I want to
work, NOT BECAUSE I HAVE TO WORK. That's why I'm taking
control of my financial destiny. You should too.
About the author:
Patric Chan is considered one of those ordinary
'Average Joes' who has achieved extraordinary
results in making money online and offline.
He's an author, speaker and infopreneur who has
worked with many other successful individuals
around the world.
His eSuccessMastery Newsletter is subscribed by
thousands of people around the world, and it is
where Patric shares valuable self-improvement tips
and information that will take the subscriber to
the next level of personal improvement.
http://www.esuccessmastery.com
====
If you are using this article ...
You now have permission to reprint this article on your
web site or in your e-zine as long as it is not edited and you
will kindly leave the signature with the article. Please let
me know if you are publishing this article so that you
can replace the signature link with your affiliate link.
