4 Laws To Generate Wealth
4 Laws To Generate Wealth
By The Money Mix
Want to generate wealth? Play by the rules.
Have you ever come across the phrase – ‘play by the rules’? It’s perhaps the most powerful phrase in the world we live in. Why? Because the world itself is in existence because it plays by some specific rules.
All-natural laws are just what they are; they are not there for us to judge their fairness or otherwise. The best we can do is to take advantage of them and be a blessing to ourselves and our generation.
If you want to generate wealth, for whatever reason you might need it for, these laws should be your best companion.
I have compiled these four laws because of the evergreen nature, and if they are considered with a kin eye, you are on your way to wealth.
The Great Law To Generate Wealth – Law Of Saving
Unto he who continues to keep not less than 10% of his income shall more income visit, and from he who keeps no such store shall fresh income avoid, and even the little that struggles to get to him shall be quickly removed and given to he who keeps the store.
Gentle words fall lightly, but they have great weight!
We already know that more leads to more, and that loss lead to more losses until something drastic stops the trend. If you want to generate wealth seriously, you must be careful with our saving plans, why we must not lose the momentum.
The Law of Income According To Earl Nightingale
This states that all money that will come to you as an individual, group, state, company or nation, all income hinge on demand for what you do, how well you do it and the difficulty of replacing you.
From this, you can infer that as you improve your earning capacity by taking in more useful information and motivation, you earn more.
To continue reading, please go to the original article here:
What Does It Mean To Have A Plan B?
Notes From the Field By James Hickman (Simon Black) December 10, 2024
What does it really mean to have a Plan B— especially these days?
We’ve used the term Plan B for almost the entire 15 years since I started this business in 2009.
Back then the national debt was really starting to become a major problem. The Federal Reserve was printing trillions of dollars to bail out irresponsible bankers. The economy was on the ropes after the Global Financial Crisis.
What Is A SIM Swap Attack & How You Can Protect Yourself
California man says he lost $38,000 — money meant for his mom — to a SIM swap scam. Here's how you can protect yourself
Danielle Antosz Mon, December 9, 2024 Moneywise
Justin Chan of Carlsbad, California, says a hacker drained $38,000 from his bank account after his phone number was compromised in a SIM swapping scam — and he’s not sure he’ll get the money back.
“This could happen to anybody,” he told ABC 10 News in a story broadcast Nov. 25.
6 Financial Moves You Should Make By Dec. 31: Wills, Trusts, Iras, More
Daniel de Visé, USA TODAY Sun, December 8, 2024
We’re nearing the end of 2024. So it's an especially good time to assess what financial moves you should make before the clock runs out. Luckily, financial planners spend the final weeks of the year thinking about just such things.
Back in 2023, we asked several experts for their thoughts, and we made a list of six key financial steps to take by Dec. 31. Readers responded, so we reached out to the same experts again this year, along with one or two new ones, to see if their advice had changed. The answer: Not really.
8 Common Mistakes Retirees Make With Their Social Security Checks
Jordan Rosenfeld Sun, December 8, 2024 GOBankingRates
Beginning to take Social Security benefits can be an overwhelming process for retirees since there are lots of rules and regulations, often tucked into the fine print, so to speak.
It’s easy to make choices, or fail to, that can have a negative impact on your Social Security checks in big and small ways.
Here are some common mistakes retirees make with their Social Security checks so you can hopefully avoid them.
Suze Orman: 3 Things You Should Never Do When Buying Gifts This Holiday Season
Gabrielle Olya Sat, December 7, 2024 GOBankingRates
The holiday shopping season tends to be an expensive one. This year, the average American plans to spend around $528 on holiday gifts — an amount that could be budget-blowing for some. As many Americans are prepared to spend hundreds of dollars on gifts, money expert Suze Orman is cautioning against going financially overboard.
“Are you going to give yourself the best possible holiday gift this year? … I am talking about not overspending on gifts — when you spend more than you can afford out of a sense of love or obligation,” Orman wrote in a recent blog post
6 Signs You’re More Financially Savvy Than the Average American
Vance Cariaga Fri, December 6, 2024 GOBankingRates
There’s no magic formula to being financially savvy, but there is nuance to being good with money. It’s mostly a mix of planning, common sense, your credit score, commitment and a little cost-of-living calculus. People who actively build a financial blueprint they can follow — budget included — are prepared for the future and manage their money in a way that builds wealth.
So how do you stack up? Are you savvier than the average American? Here’s a look at several signs you’re on the right path.
Warren Buffett: 6 Tips on How To Get Rich
Cindy Lamothe Thu, December 5, 2024 GOBankingRates
There is some advice that stands the test of time, and that is certainly what we can glean from one of the most successful investors in history — Warren Buffett.
He’s imparted a lot of wisdom over the years when it comes to both money and life in general. Below is a deep dive into some of his best advice when it comes to building wealth and achieving financial success.
Half of Americans Feel Safer Holding Cash Over Other Investments. Are They Right?
Laura Bogart Wed, December 4, 2024 GOBankingRates
These days, you can get the lowdown on virtually any kind of investment delivered right to your fingertips. You can Google information about stocks and instantly find articles, YouTube tutorials and explainers galore. Then there are the TikTokers sharing their stock picks. Or, if you really needed to, you could always ask Alexa — not the device, but your cousin, the financial advisor.
Yet, despite the abundance of investment information, a survey conducted by Empower suggests that cash still reigns supreme. Roughly 52% of people surveyed preferred to keep cash instead of exploring other investments.
7 Key Signs You’ve Reached Financial Freedom
Caitlyn Moorhead Tue, December 3, 2024 GOBankingRates
Achieving financial freedom is a goal many aspire to, but how do you know when you’ve truly passed that financial finish line?
This concept goes beyond just having a hefty bank balance in your savings account; it’s about living life on your own terms. Whether you have just started investing or have been consistently adding to your retirement accounts, how you reach your short-term or long-term financial goals has many paths.
Financial advisors have an array of methods you should try such as developing passive income streams, diversifying your investment portfolio or even moving your savings to where you can earn the highest interest rates. No matter what financial advice you take, determining when you reach financial freedom will feel differently depending on your ultimate goals.
Great News If You Own A Company
Notes From the Field By James Hickman (Simon Black) December 7, 2024
Right at the beginning of the year in early January, I wrote to you about one of the dumbest laws to hit the books in the Land of the Free in a VERY long time. It’s called the Corporate Transparency Act.