Laws of Money
Written by admin on December 5th, 2010your money carefully and allowing it to grow at compound interest will eventually make you rich.
– The key to compound interest is to put the money away and never touch it. Once you begin accumulating money and it begins to grow, you must never touch it or spend it for any reason. If you do, you lose the power of compound interest, and though you spend only a small amount today, you will be giving up what could be an enormous amount later on.
– Make a decision to choose long-term financial independence over short-term pleasures.
The Law of Accumulation. Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.
– As your savings accumulate, you develop a momentum that moves you more rapidly toward your financial goals. The “momentum principle” is one of the great success secrets. The principle says that it takes tremendous energy to overcome the initial inertia and resistance to financial accumulation and get started, but once started; it takes much less energy to keep moving.
– By the yard it’s hard, but inch by inch, anything’s a cinch. Practice the Law of Accumulation in other parts of your life as well. Resolve to master a subject one page at a time. Lose weight one ounce at a time. Learn a language one lesson at a time. The cumulative effect can be enormous.
The Law of Magnestism. The more money you save and accumulate, the more money you attract into your life.
– A prosperity consciousness attracts money like iron filings to a magnet. Imagine that you are already a big financial success. Treat your money, investments, and your expenditure as if you were a wealthy person who has earned that money as the result of having a very sharp financial mind.
– Take time every day, every week, and every month to reflect on your financial situation and look for ways to deploy your finances more intelligently. The more time you take to think intelligently about your finances, the better decisions you will make and the more money you will have to think about.
The Law of Accelerating Acceleration. The faster you move toward financial freedom, the faster it moves towards you.
– Changing your financial life is very much like changing the direction of a great ocean liner. You can do it only one degree at a time. However, once the changes are put into place, they begin to speed up and gather momentum as they move you toward your goals. Identify those areas where you have invested an enormous amount of time and energy without seeing a significant return.
The Laws of Money explain how you can achieve financial independence. No matter where you are starting from, even deeply in debt or working for someone else, you can make a start. Even if you haven’t been serious about money in the past, you can start today to save your money, invest it carefully, get out of debt, and achieve your financial goals in life.
When you follow these principles and laws, and if you persist long enough and hard enough, nothing can stop you from achieving great financial success.
The author of the article is Iyer Subramanian. Presently, working with Bombay Chamber of Commerce and Industry, Mumbai. E Mail: iyerpdkgnm@yahoo.com Cell No. 9892523163.
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