where do you get your money from? - Page 4 - Mercedes-Benz Forum

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post #31 of 35 (permalink) Old 03-25-2005, 12:49 PM
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RE: where do you get your money from?

You will be rich if you:

1. Pay yourself first

2. Live within your means

3. Stay away from get-rich-quick scams

4. Insure yourself and property intelligently

5. Choose your partner carefully

1. Pay yourself first. This is the first rule, and a hard and fast one, of accumulating wealth. You may have heard the phrase, "It is not what you make, it's what you keep." It's true. Make saving a portion of your income, preferably 10 percent, a priority and have the 10 percent automatically deducted from your paycheck and deposited into a mutual fund of your choice. Do this into a tax-deferred account such as a 401(k) and you'll see results even faster. During lean years when income is tight saving 10 percent is difficult to do and sometimes doesn't make any sense. But, the wealthy know that compounded interest is your best friend (next to a rich uncle) when your goal is to become rich and the sooner it starts compounding the better.

2. Live within your means. As discussed above, to get rich you want your money to work for you, not you for your money. If you will allow me another colloquial phrase, "Neither a lender nor a borrower be." Extending your income with credit costs you money in interest charges. Borrowers are not saving any money, which means they aren't earning interest, and worse, they are making money for someone else by paying a premium to spend tomorrow's money today. Also, refrain from co-signing loans or lending money to friends or relatives. Give them a copy of this column instead!

3. Stay away from get-rich-quick scams. It's true that someone is going to win the lottery and that you can't win if you don't play. However, taking a chance with your hard-earned money on get-rich-quick schemes is a good way to lose money, not make it. Pyramid schemes and other quick ways to make money typically only make money for the person who perpetuates the scheme. Make your money the old-fashioned way and work for it

4. Avoid the big disasters out there by insuring your self and property intelligently. Insuring your life, health, vehicles and home is the best way to protect your investments. Without the proper types and levels of insurance, a medical emergency or unexpected home accident could cause financial ruin.

5. Choose your partner carefully. When you choose a sweetie with whom to share your life, discuss financial and life goals to get a better idea if you are both headed in the same direction.

Don't forget that there is more than one way to be rich. I've shared some financial moves to help you get rich and I leave you with this last piece of nonfinancial advice to have a rich life: Be generous in spirit, light in heart and share your love with compassion and you will truly be a rich man!

**My finger may be little, but my Daddy is wrapped all around it!!**
~*Think Big and Live Large*~ By. Donald J. Trump
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post #32 of 35 (permalink) Old 07-29-2005, 04:52 PM
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RE: where do you get your money from?

independently wealthy.

never had to work a day in my life..
thanks god !

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post #33 of 35 (permalink) Old 07-30-2005, 09:20 PM
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RE: where do you get your money from?

i get my money from women who are looking for a little more in the "romance" dept. ..... marital aides, it's a growth industry ... take business classes, get your foot in the door with any good company that has a good rep and sell yourself ... even if you have to work for free or close to it, it's all about networking and meeting the right people ... believe me kid, don't ever sell yourself short and know your limitations .... once you get to understand these two principles you'll be shocked at what you can accomplish
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post #34 of 35 (permalink) Old 07-30-2005, 10:33 PM
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RE: where do you get your money from?

This is the problem with todays youth!!! It's all about MONEY MONEY MONEY!! There is no strive to become a productive citizen just to better our society, everything has a price tag!!
When I was coming up we had morals and a strong work ethic that far superceded any big payoff.
Thats why I got into loan sharking and extortion.
I like to work with my hands....and other peoples hands....and kneecaps. I'd be willing to loan you the money for a new SL if you'd like. My associate, Dominick, should be contacting you real quick like.

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post #35 of 35 (permalink) Old 07-31-2005, 04:36 AM
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RE: where do you get your money from?

I think the cocaine business is going down right now because crack isnt selling like it used to. heroin is also a big seller, not much profit on weed but a lot is moved........[:0]

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