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Further
Reading ...
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PR Going According to Plan? - Robert A Kelly
Think carefully! You’re a department, division or subsidiary manager for a business, non-profit or association and you really need to achieve your operating objectives. But even a yes response to the headline above leaves the really big...
The Value of Building An Internet Community - Lois M Jeary
Synopsis: The internet is a constantly changing, evolving entity. Understanding new laws, new regulations and even new technology is vital to your success. Unless you are prepared to embrace these changes, you may be left behind. We see...
The 11 Best Money Saving Ideas of All Time - Part 2 - Palyn Peterson
At any time in history, no matter what the current state of the economy, no matter what the current trends, no matter what the unemployment rate is or where interest rates lurk, some money-saving ideas stay true. Some of you may have heard of...
My Top 12 Web Site Marketing Strategies - Herman Drost
Please feel free to publish this article in your Newsletter or on your Website with the Resource Box included. Word Count: 800 Wrap: 65 characters/line It can also be viewed by sending a blank email to: ...
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Building Wealth by Paying Yourself First
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Written By:
Ryan McKenzie
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When I look around at all of my friends, and a lot of my family, I see a lot of people living from pay check to pay check, under monetary stress. These same people watch the Calendar for payday like a hawk. Pay their bills, and then open up the spending flood gates, before they know it, they are itching for their next pay check. These same people are the people who don't think they make enough money to build future wealth. They are wrong.
The way I save money, is by paying myself first. I have automatic deductions come out of my bank account on the 15th and 30th of every month, which I put directly into a mutual fund for safe keeping. I take a small portion of my pay check, roughly 10% and put it away. This may not seem like much, but over time it adds up. In addition, with mutual funds you will have the benefit of compound interest on your side. You should EASILY be able to achieve 8% interest on average in - continued below ...
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a good a mutual fund, often times more. That’s $800 a year on $10000!
Once you start, you will be addicted. Watching your funds grow is incredibly addictive and will inspire you to invest a larger percentage as your income rises. If you have debt, put a portion of this percentage towards the debt and a portion into your mutual fund, so you have something positive to reinforce your automatic deductions.
The bottom line is this, if you have the money deducted in advance (and pay yourself first), you won't miss it and you can go ahead and spend what’s left of your pay check week in and week out. You will be investing in your future wealth, and your mind will be at ease that you aren't wasting your life in the rat race and never progressing.
Ryan McKenzie
http://www.debt-recovery-online.com
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| _Additional Resources ... |
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Marketing your Fundraiser for Success - Brooklynn Anderson
One of the biggest mistakes most groups and organizations make is to not properly market and publicize your fundraiser. Don’t make the mistake of thinking they will just find you because you and your group will be in the right place at the right...
Drop Shipping Is Your Perfect Home Based Business Solution - Mike Nalbone
Drop Shipping Is Your Perfect Home Based Business Solution Drop shipping is one of the greatest businesses to operate from home. With drop shipping you sell another company's products, use their warehouse and shipping facilities, and they provide...
Starting is the hardest part - Marsha Maung
You can’t imagine how many people ask me how I did it. To turn my back onto convention, to turn a deaf ear on the people who wants what is best for me, to snub my nose at people who thinks I am making one of the biggest mistakes in my life…etc. Hey,...
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