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.
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Much has been written about Warren Buffett having sold a substantial amount of stocks. And his company, Berkshire Hathaway, is sitting on a record $325 billion cash pile as a result.
Buffett has often said that his preferred holding period for an investment is "forever". So the fact that he has sold so much stock has many observers proclaiming that "Buffett is predicting an imminent stock market crash."
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Except that he's not. Buffett is a pretty transparent guy who has never been afraid to speak his mind. If he were predicting a crash, he'd probably say it.
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It was early January 2020, and weird things were happening in the world.
Socialism was on the march in the Land of the Free. Conflict, it seemed, was exploding everywhere, both abroad (North Korea, Iran, Yemen) and at home.
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As a retiree, you’ll need your money to last for the rest of your life. You should fill your hours with people who bring you joy — and you must protect your finances by avoiding those who could undermine your financial security.
Unfortunately, problematic people can hurt both your mental health and your long-term prosperity, so it's critical to be cautious about who you spend time with.
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Whether you’re a seasoned coin collector or just started looking into precious metals and numismatics during the recent resurgence of interest surrounding this investment community, it’s important to know when — and where — to eventually unload some of your prize pieces.
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Part of the reason so many lottery winners and heirs blow their windfalls shortly after getting rich is that they never learned the skills to manage, guard and grow that kind of money. The other reason is that they never had to sweat, sacrifice and risk the fortunes that fell in their laps.
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