Would you Analyze Your Life? If you knew it was the path to becoming Rich?

Would you Analyze Your Life?  
If you knew it was the path to becoming Rich?

Take a deep breath and take a break from acting like a rooster with his head cut off, for a few minutes at least.

Many of us are so busy trying to survive that we don't think we have time to waste taking a good hard look at our life.

Stop and smell the Roses, is a very old saying.

Learning to Become Rich.

Learning to Become Rich.

Is not something they teach you in school.
I have heard that in some High Schools a student can choose to take Basic Accounting.

If you are serious about Becoming Rich you need to know more then just how to Balance your Check-Book  You need to have a good understanding of Basic Accounting.

Knowing just the basic Nature of Money, is not going to make you Rich.  I'm not telling you that you need to become an Accountant.  I'm trying to tell you that YOU need to understand Basic Accounting.

Learn How to Avoid the Detours to Becoming Rich.

Learn How to Avoid the Detours to Becoming Rich.

Most believes the road to Becoming Rich is a pretty smooth paved road so they fall for the Detours.  The best description I can give you for the road to Becoming Rich is an over growing animal trail.  Yes I said growing instead of grown.  Without understanding the Nature of Money, you will quickly get lost on the over growing animal trail.

Money's most basic Nature is Trade.  You trade your time by working for someone who in trade gives you money.  You then take that Money to trade for things you Need, Want, or Desire, it is a never ending circle.

This is where that list I left you last week working on called Things I want that will make me Rich comes in.

You need to divide the list into 3 parts now.  Need, Want, and Desire.

Things I Need to Survive.

Food, Water, Shelter.

Things I Want that will make life a little easier.

Car, Computer, etc.

Things I Desire that will make me feel Rich.

Savings, Stocks, Bonds, etc.

The Rich Man has needs, wants, and desires, just like you.  The difference between you and him is that he doesn't buy things that are on his want list without a plan.

He sets aside 10% of each paycheck to feed his desire to be Rich, instead.

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You will find it under Coffee Mugs.