Thursday, January 14, 2010

More millionaire mindset...

Continuing on with what we started yesterday,

2. "Is this expenditure contributing to my wealth or taking from it?... It's no coincidence that the wealthy put their money in their homes instead of their cars. Homes usually appreciate. Cars almost always depreciate."

3. "Is this an Impulsive purchase or a planned purchase? Am I being pressured to make an expenditure I'm not certain about?"

"... Never forget that compound interest is just as powerful working against you as it is working for you. What might seem like a small expense now can, in the long run, steal your wealth. Simply put, there are two kinds of people: those who earn interest and those who pay it. That's the fundamental difference between the wealthy and the desperate. The Millionaire Mentality sees clearly the danger of credit and knows that freedom and power are infinitely better than short-lived pleasure."

The final quote for today is one that resonates with me the most. It is something that I think is not only wrong, unfortunate and unfair, it's just sad. I hate that it is the truth, but I have seen it in action - way more times than I wish I had - in the lives of so many people we know or are acquainted with. They are some of the same people who are easily scammed by the get-rich-quick schemes, the lure of easy money, and the enticement of hitting it big while gambling. Perhaps the most disturbing and the most despicable to me though is that these are often the same people who are deceived into giving "seed money" to Word of Faith "ministers" in order to "receive a hundred fold harvest", yada, yada, yada, ad nauseum. I could list many verses that caution God's people from the mistreatment of the poor, but I won't try to go there now. Needless to say, He doesn't look kindly upon it.

"The poor and the uneducated are particularly susceptible to interest schemes. That's one of the reasons why they stay poor."


JunkerJorge said...

have a need? sow a seed! LOL

Lori McGuire said...

Is that like, "Need a penny? Take a penny. Have a penny? Leave a penny." ;o)