I started seriously looking at my bad financial habits in December 2009. My first step was to start studying wealth books: Personal finance books, books about how other people became wealthy, business growth books and self improvement books too.
One of the first books I picked up was Dave Ramsey’s “Total Money Makeover.” Now I’ve personally never had problems with credit cards because I haven’t used them over the years, and browsing other reviews, blogs and websites online I quickly discovered that not everyone agreed with Dave Ramsey’s wealth plan but that didn’t matter to me. Many things in that book struck home and I’ll reveal those in a later review, but one of the first things I realized was I needed to get a …
Misc Wealth Notes, Wealth Reviews
When you’re building wealth, the only thing you can’t afford is being lazy. Everything else is just waiting for the budget to catch up.
I’m not as wealthy as I want to be yet, but I’ve found myself toting around some bad habits for the last 6 months or so. I’ve been sleeping till 10… 11… sometimes even noon.
Now that my kids are grown and out of the house I don’t have to be up at 6am to see them off to their day, and since I work from home I can work whatever hours I please.
Unfortunately that attitude can lead to laziness like you wouldn’t believe.
If I don’t wake up till noon, I’m lucky to get 2 or 3 productive hours of work …
Misc Wealth Notes
Pay Yourself First
A part of all I earn is mine to keep.
(and)
It should be not less than a tenth no matter how little you earn
from The Richest Man in Babylon
We see this advice time and again throughout all personal finance and wealth building books. Too many people unfortunately brush it off with annoyance because it’s “nothing new.”
Another part of The Richest Man in Babylon addresses this exact sentiment…
Remember this, the sun that shines today is the sun that shone when they father was born, and will still be shining when they last grandchild shall pass into the darkness.
There’s a reason this first rule is repeated so often throughout the years of history… it works.
So pay yourself first–at least …
Wealth Wisdom
