April 20, 2010

Jim Rohn - Rich Vs. Poor

The philosophy of the rich versus the poor is:

The rich invest their money and spend what is left;

The poor spend their money and invest what is left.
-Jim Rohn

Good investment habits are right up their with good eating habits, good business habits and good exercise habits. Knowing that you have it reduces stress and can ease the day to day grind.

Many who read this blog are thinking, "THAT'S BS!!, If you don't have money, you can't invest any money!". But it's all a matter of perspective.

I like to think of it as percentages. If you invest 1% of your income (before spending any of it), every 100 paychecks, you have one spent. If you only make $1,000 a month, that's only $10 that you have to put away. If you can invest a little bit more, say %5, then every 20 paychecks you have one month stashed away. It may not seem like much, but it will add up.

Save your change, save rebates, use coupons and save the difference. Just like any other improvement on yourself, work on it, practice and you will get better at it each time.

Have a Blessed Day,

Brandy Deming


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