Feedback Form
Home Features Mastermind Videos About Advertise Blog Network Contact
   

Have A Suggestion?
Toronto Salsa Classes / Toronto Salsa Lessons Email us your ideas on how to make our website more valuable! Thank you Sharon from Toronto Salsa Lessons / Classes for your suggestions to make the newsletter look like the website and profile younger entrepreneurs like Jennifer Lopez and Sean Combs!
Have A Suggestion?

Featured Ebook


ebook Famous Entrepreneurs - Modern Empire Builders


Featured Ebook

More Evan Carmichael
Have A Suggestion?

Sales Lessons From Starbucks And Dell

Time, Money and Life-Balance, Part 2: Money!



Time, Money and Life-Balance, Part 2: Money!
   

We began this series on Time, Money and Life-balance by looking at time. As I stated last month you cannot manage time. Your only choice is how you manage yourself so you use time effectively.

This time, we turn our attention to Money, and the good news is that there is an abundance of money, and it is all around us! Many people will earn hundreds of thousands to several million dollars during their careers, so there is plenty to work with. And, it can be replaced, managed, and invested to create even more! The only stipulation is that you are fully responsible to manage it
well.

This can be difficult, because money is not "real". Money is simply an invention, or a concept, that allows us to quantify the value of our contribution to society. I read a story on diamond mines the other day, and while they earn millions of dollars every day, one man pointed out that this is a "miracle of marketing" since we don't use diamonds for any practical purpose. They are merely pieces of compressed carbon. But society values them very highly because we like diamonds!

The ancient rule is that to earn more money, you must produce more of what society values. To make more, contribute more.

Secondly, to become wealthy, you must invest some of the cash you receive as "seed" to produce even more money. Most people will never earn large amounts of cash, and even if you do, taxes and temptation make earned income the LEAST efficient way to achieve wealth. A far more effective path is through investment.

Saving five or ten percent of your income and investing it over time is a simple, powerful and nearly full-proof recipe for wealth. It's simple, but not "easy".

We live in a consumer society that encourages us to spend every penny we earn, and even a bit more. I recently read that Americans get 3000 marketing messages per DAY! No wonder we spend until the money is gone.

The road to riches is paved with small, consistent investments that accumulate over time. Einstein referred to compound interest as the "eighth wonder of the world." The cost of your morning latte, invested daily, will make you rich in 30 years. There is no mystery here.

Money wants to grow. It wants to flow into the hands of people who treat it well and use it wisely, but most of us have never mastered the art of managing money and becoming rich.

Fortunately, there are thousands of books and dozens of magazines available to help you. There are classes and workshops, professional advisors and other resources all around us, and yet most people have never seriously studied money, and that's a shame.

Do yourself a favor and master the art of money. Avoid or get out of debt. Spend less than you make. Save the difference and invest over time. Treat money as an honored guest in your life, one who will quickly flee if you do not treat her well, but one who will stay and enrich your life beyond measure if you treat her with skill, care and respect. This is not difficult, but it is an art most of us have never mastered. Study money. Learn to invite it into your life, and encourage it to stay once it has come to visit.

Time, Money and Life-Balance, Part 2: Money! - To learn more about this author, visit Rodger Blaker's Website.

Like this article? Share it with your friends
[Get Copyright Permissions] E-Mail | Print | More  


Related Articles Related Articles
Are you Positive or Negative
  Magnetism is a wonderful thing. We often hear that someone "has a magnetic personality", or that they are "full of magnetism", even that opposites attract "like magnets". Why the fascination with magnetism?
What Is Success?
  Very frequently I'm asked to give my definition of success. Here is one of my responses: I believe success is getting a reasonable number of the things money will buy and all of the things that money won't buy. (P...
Prosperity Can Be Yours
  Using visualization to create prosperity
How Many Ways Are There To Make Money?
  Changing the way you think to create wealth.
Money Is Your Servant
  Money issues seem to be an ongoing challenge for many of us. We tend to try to control it, as if it were a beast. We put boundaries, rules, limitations, and goals in place to make us feel like we're being "good" and...

Related Forum Posts Related Forum Posts
Re: Which would you start: a Blog or Online Community? Re: Which would you start: a Blog or Online Community?
QuickBooks vs. Microsoft Money vs....? QuickBooks vs. Microsoft Money vs....?
Re: A Book For New or Experienced Entrepreneurs - Act Now Re: A Book For New or Experienced Entrepreneurs - Act Now
Get on Oprah, make a fortune! Get on Oprah, make a fortune!
Show the Benefits Show the Benefits
Successful Strategies for the Self-Employed Woman Successful Strategies for the Self-Employed Woman
Internet Business Magazines - Top 20 Internet Business Magazines - Top 20
More For Your Money More For Your Money

 
About the Author


Rodger Blaker
(Visit Rodger's Website)
Rodger Blaker Coaching LLC Phone: 214-485-2238 www.rodgerbla ker.com Rodg er@rodgerblaker.com Rodger is a Professional Certified Coach who is an expert at creating positive change in business behavior, working with solopreneurs and small business owners. Through a proven coaching process, Rodger helps very busy, successful leaders to slow down, reflect, and map out critical changes they need to make to significantly grow their business and improve personally. Before opening his coaching business, Rodger spent 25 years working for fortune 500 companies where he gained valuable leadership experience by working with senior and executive management as a senior project manager. Rodger is a graduate of the CoachU Certified Graduate Coaching Program and he is a member of the International Coaching Federation where he earned his certificate as a Professional Certified Coach. He is a member of the ICF North Texas chapter where he holds the position of Treasurer. Rodger also holds a certification as a Project Management Professional or PMP.
Have A Suggestion?

View Author's Blog
Become An Author

View Author's Video
Become An Author

Free Downloads


Rodger Blaker's

Complete
List Of
Business-Coach
Articles

First Name
Last Name
Email
 
If you enjoyed this article, get Rodger Blaker's Complete List of Business-Coach Articles For FREE!

More Rodger Blaker
Marketing Means Networking
Why Are You In Business
Ya Gotta Have a Plan
Find a Need and Fill It
Systems for Extraordinary Success
Marketing Success vs Sales Success
Operating from Super Abundance
Have You Backed Up Today
One Small Step At A Time
Reality Never Lies
Become An Author