‘The Secrets Of Millionaires-SSssssssh-Exposed!”
The Secrets of Millionaires Exposed
By: Axel Henriksen
The Law of Saving
Financial freedom comes to the person who saves ten percent or more of their income throughout their lifetime.
One of the smartest things that you can ever do for yourself is to develop the habit of saving part of your salary, every single paycheck. Individuals, families and even societies are stable and prosperous to the degree to which they have high savings rates. Savings today are what guarantee the security and the possibilities of tomorrow. The best way to do this is to set up an automatic deduction from your pay into a high interest savings account.
Start With Yourself
The first corollary of the Law of Saving comes from the book The Richest Man in Babylon by George Classon. It is to “Pay yourself first.”
Begin today to save ten percent of your earnings, off the top, and never touch it. This is your fund for long-term financial accumulation and you never use it for any other reason except to assure your financial future.
Develop New Habits Regarding Money
The remarkable thing is that when you pay yourself first, and force yourself to live on the other ninety percent, you will soon become accustomed to it. You are a creature of habit. When you regularly put away ten percent of your earnings, you soon become comfortable living on the other ninety percent. Many people start by saving ten percent of their income and then graduate to saving fifteen percent, twenty percent, and even more. And their financial lives change dramatically as a result. And So will yours.
Build Your Wealth Now
Did you know there’s over 5-million millionaires in America? Australia the country that is developing more millionaires per capita than any other country in the WORLD! Did you know that there are more billionaires in India than anywhere else?It’s shocking to find out that America, Australia, Hong Kong, Singapore and India are breeding so many successful people. Do you want to know how they do it?
Learn To Attract Money
You make your own choices and decisions about money. If you’re unhappy with the amount of money you’re making - the only question you should be asking is “How can I make more money?” Yes Go Ahead and ask Yourself That Question RIGHT Now!
Take Every Advantage
The second corollary of the Law of Saving says, “Take advantage of tax deferred savings and investment plans.” Because of high and even multiple tax rates, money that is saved or invested without being taxed accumulates at a rate of 30% to 40% faster than money that is subject to taxation. Self-made millionaires, according to Dr Thomas Stanley’s book The Millionaire Next Door, are almost obsessive about accumulating their funds in assets such as real estate, self owned businesses and equities that increase in value without triggering tax liabilities. Peter Sibold in his Book “Pay Zero Taxes clear states “if You Don’t have a Home Based business you must be brain Dead”
Americans and Australia Invest in company pension and retirement plans, 401(k) plans, IRA’s, Keough Plans, Roth IRA’s, Education Investment Accounts, stock option programs and whatever else has been approved by the IRS for long term financial accumulation. Or any Similar products that are available in your country. Make every dollar count!
Action Exercises
Here are two things you can do to apply this law immediately:
First, begin today to put away ten percent of your earnings. Set up a special account for this purpose and treat your contributions to this account with the same respect that you do your rent or mortgage payments each month. When you are self employed you simply take 10% of every payment you receive after allowing for your basic business costs. And be aware that that a big cheque is often followed by a big bill so don’t spend on depreciating assets such as cars and boats etc.until you have a huge amount of surplus cash. I would recommend that have at least 3 years of expenses in cash on hand before you waste any on the toys.
Second, become a lifelong student of money. Read the best books, take courses and subscribe to the most helpful magazines. Check out your Risk Profile by doing a MyProfile Report so that you will Know what you are doing and that way you can always make intelligent decisions when you invest your funds.
“Become a Millionaire Simply By Changing Your Habits”
You can develop habits that will make you a millionaire. When you become a millionaire you’ll finally be able to buy that house, take that vacation, make that big purchase, and take care of your family and friends. *Not Just a Paper Millionaire But When You Can get Your Hands on a MILLION Dollars in Cash!”
It sounds crazy - but it’s true.
Almost every self-made millionaire has strong financial habits. Habits that help them ear n money, habits that help them save money, and habits that help them to achieve their financial goals.
If you haven’t achieved your financial goals yet - You may not have the right financial habits.
Do you want to learn the habits that will make you a millionaire?
In my program MyMillionaire Coaching Programme, I will teach you successful financial habits that will turn you into a millionaire guaranteed! www.mymillionairecoach.com