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January 30, 2007

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This is the most simplest way to become rich, produce more than you consume. It means that we have to earn more than we spend. It is being frugal, thrifty and a savekaholic (It means developing the habit of always saving some amounts in the bank.) Ask not what money can do for you but rather ask what you can do for the good of money. Treat money with tact and respect and it will return to you a hundredfold. Spending less than you earn will only be possible if we feel and spend only on our needs rather than our wants. Once you have made spending less than you earn it will afford you to have money for possible investment objective. Never trust money but put your money in a trust or trust account like mutual funds, savings and time deposits would enable a person to become rich and financially independent in the future. Spending less than you earn would enable one to make the excess money be its servant by letting it work for you instead of against you. If you spend more than you earn it will lead to insolvency and eventually lead to borrowings which will make money to be your master since you have to pay interest charges to the borrowed money, hence it becomes your master instead of becoming its slaves. Spending less is also congruent to delaying instant gratification. It means that once you lessen your expenditures, halt small pleasures for a greater, nobler and lasting investment objectives you will tend to attract more money and wealth in your life. Money begets money as poverty attracts more poverty. Earn your money first before spending it is one of the wisest money advice we can get. In the end we can sum it up in one phrase: " If your outgo exceeds your income then your upkeep becomes your downfall."

This is the most simplest way to become rich, produce more than you consume. It means that we have to earn more than we spend. It is being frugal, thrifty and a savekaholic (It means developing the habit of always saving some amounts in the bank.) Ask not what money can do for you but rather ask what you can do for the good of money. Treat money with tact and respect and it will return to you a hundredfold. Spending less than you earn will only be possible if we feel and spend only on our needs rather than our wants. Once you have made spending less than you earn it will afford you to have money for possible investment objective. Never trust money but put your money in a trust or trust account like mutual funds, savings and time deposits would enable a person to become rich and financially independent in the future. Spending less than you earn would enable one to make the excess money be its servant by letting it work for you instead of against you. If you spend more than you earn it will lead to insolvency and eventually lead to borrowings which will make money to be your master since you have to pay interest charges to the borrowed money, hence it becomes your master instead of becoming its slaves. Spending less is also congruent to delaying instant gratification. It means that once you lessen your expenditures, halt small pleasures for a greater, nobler and lasting investment objectives you will tend to attract more money and wealth in your life. Money begets money as poverty attracts more poverty. Earn your money first before spending it is one of the wisest money advice we can get. In the end we can sum it up in one phrase: " If your outgo exceeds your income then your upkeep becomes your downfall."

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