A Part Of All That You Earn Is Yours To Keep

Article extracted from the book "This Book Will Finally And
Certainly Get You Rich No Matter Who Or Where You Are, Now,
Guaranteed" by David Cameron (www.imagesofone.com).

Wealth comes from the growth of assets (cash, stocks, property,
or any other asset). Assets are purchased with income. If you do
not put aside part of your income to acquire assets, you will
find it extremely difficult to acquire wealth. However, if you do
put aside part of your income to acquire assets, you will find it
very easy to acquire wealth. It is all very simple.

Just to summarize:

No savings = no investment = no wealth growth

You can't invest what you don't have. So the first step is to,
guess what, save some money! Not once, but consistently and
systematically. But look at it like this:

Lets make up a simple example for illustration. Lets say one week
is composed of 10 days. And lets say you work for all those 10
days. You earn $100 each day. This is week 1. By the end of week
one, you have earned 10 x $100 = $1,000. Now, if you spend the
entire $1,000 and you have none of it left by week 2 (or even by
week 30 or week 200), your entire efforts for week 1 have
evaporated! You have nothing left to show for your efforts.
Nothing! What were you working for? For who? You gave away all
your money. You paid everyone else except yourself! Now, here is
something you should know: No successful corporation or wealthy
individual does that! None! And if you are doing it, then it
shouldn't be a surprise that you aren't accumulating wealth. So
how should you live if you wish to start accumulating wealth?
Well, let us continue with our example. In week 1, you would keep
the money you earn on day 1 (so you keep 10% of your income), and
spend the money you earn in the remaining 9 days. And you would
do the same in week 2, in week 3 and in every week. No matter
what, you would keep that contract with yourself, the contract to
pay yourself first. It is honoring you, valuing yourself. It is a
testament that you believe that you have a future worth investing
in. it is a testament that you value your work, your income, what
you make for yourself. You don't pay everyone else and remain
with nothing! Why on earth would you do that when it is your
money! You deserve to keep part of it; after all it is you who
earned it. So, even in week 200, you would still have with you
the 10% from week 1, week 2, and every other week. And you
wouldn't keep this money so you can spend it on a holiday, car or
something like that (that should come out of your other 9 days).
You keep it so that it can work for you, bear children for you,
and make you more of its own. You worked for it, and now its time
to have it work for you. So, you invest it right from the
beginning. So by week 200, you would still have with you the 10%
from week 1 plus its children (what it has earned in your
investment), week 2 plus its children, and every other week plus
their children. And because you are re-investing your returns
(the children the money bears), your investment will be
compounding itself, so the children themselves will be bearing
children of their own, into many generations. The gains you made
in week 1 will be re-invested and they will earn more money
themselves in week 2 and so on, and that money itself will earn
more money in week 3 and so on... And this just grows into what
you call wealth, generations upon generations of your money
earning for you. And it all starts when you honor yourself enough
to ensure that no matter what happens, you keep at least 10% of
what you earn every week! You pay yourself first.

Now, as your investments grow, you are of course entitled to
enjoy some of your money, but you must remember that keeping it
invested is what gets it growing. So, you may choose to spend,
say, 30% of your investment gains (your returns) and re-invest
70%.

Arrange your life so that, no matter what, no matter what, you
keep at least 10% of your income every week. And don't spend and
hope some will be left over to save and invest. Pay yourself
first, first, before the bills, the gasoline, the food, the
clothes, the ... Pay yourself first.



Article written by David Cameron Gikandi. For even greater
insights into your quest for wealth and financial liberty and
ability, go here:

www.Imagesofone.com