Five Lessons a Millionaire Taught Me
Disaster can strike anyone at any time. How we survive the situation often times is dependent on how well we've prepared for the unforeseen. When Richard Paul Evans was 12 years old, his father, who worked in construction fell through a stairwell shattering the bones in both his legs. His parents had no medical or disability insurance and the effects of this accident was nothing short devastating.
This was a frightening time in young Richard's life but one that opened his mind and heart to learn some very valuable lessons about life and money. About that time a neighbor invited the youth in the area to a lecture. Kerry Heinz, a multi-millionaire, wanted to teach them about money. Mr. Heinz presented five lessons that if followed, would lead to financial success and prosperity. As Richard recounts, "The lessons he taught that day lit a flame of hope within me." And they will for anyone who learns and puts these lessons to work. The following is a brief description of each of these powerful lessons. Learn them, live and you too will be on the road to financial success and freedom.
1. Decide to be wealthy. If we don't have a definite idea of what we want our lives to become, it really doesn't matter what road we take to get there. If you want more than living from paycheck to paycheck, the first step is decide you are going to be wealthy. 2. Take Responsibility For Your Money. "Money makes a good servant but a bad master." It is vital to your fiscal survival to be in the driver’s seat of your finances; they are yours and you are the steward. Regardless of past financial mistakes, there is hope. Take these four steps to get on track with your money: A) Know how much money you have. B) Know where your money comes from. C) Know where your money is going. D) Know what your money is doing. 3. Keep a Portion of Everything Your Earn... because it’s yours to keep and is your key to building wealth. Too many people think that what they earn today, they’ll earn forever. Remember, we never know when disaster will strike. 4. Win in the margins. Successful wealth builders find additional ways to add to their growing nest eggs and building financial nest eggs can be done in two ways: 1) Increased earnings or 2) Increased savings. Richard Paul Evans recommends both. In life, we attract what we wish for. When we look for ways to make extra money, opportunities will come. Actively search for those opportunities. Luck favors the bold. “It’s never too late to do the right thing or the smart thing and enjoy the benefits it brings.” 5. Give Back. . The most honorable and enjoyable use of money is when you use it to help and serve others. Remember, generosity feeds the soul and brings blessings. Along with sharing your financial wealth, share your new-found wealth of knowledge in money management principles with those around you. “The sin of the desert is knowing where the water is and not telling anyone.” One of the main focuses is how building multiple streams of residual income is important to being financially independent and that means earning money while you sleep. That's what BookWise can do for you. Just as Mr. Evans stated in his book Five Lessons a Millionaire Taught Me, It's important to that Bookwise is an enlightened company, meaning it is a socially responsible company that gives back to charities that bring help and hope to those in need. Also each month bookwise offers a tax wise training. So that when you own a home-based business, you will know what items that can be deducted of your taxes. Dramatically lowering your overall tax bill. Along with learning how to lower your tax bill, Rick and Bob will coach you to financial independence. Learn from these experts the secrets to wealth building.
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Richard Paul Evans is Book Wise | 5 Lessons a Millionaire Taught Me | Winning in the Margins