Wednesday, March 2, 2011

The Problem with Saving Money

By Trace Trajano

Most financial pundits will say "Live within your means and you will
be OK financially." While it is BAD to live above your means...or to
spend more than you earn, I have never seen a millionaire or a
billionaire who saved his or her way to financial success. Meaning...
saving money is good but it is not enough to make you a
millionaire or a billionaire.

Here's the solution: live within your means AND expand your means.

You need to have an additional streams of income other than your job.
If not, you will always need to work to make money. I don't care even if
you earn one million pesos a month. If you have to always work 8, 10
or 12 hours a day for's not the way to become wealthy. As Robert
Kiyosaki, author of Rich Dad, Poor Dad would say "Wealth is the
number of months or days you can afford not to work." If you always
need to work, then you're not wealthy. You can be rich...or someone
with a lot of cash but if you always need to work long hours to earn it,
then you're not wealthy.

You need to have passive income. Passive income is defined as
income that comes in with very little or NO work. I get passive income
from the monthly cashflow of real estate and royalty from my books.
Essentially, passive income is income that comes in even while you

To learn how to make money even while you s.leep, clic.k HERE.

dedicated to your success,
P.S. Last time I emailed about my upcoming "Quick CASH Real Estate"
seminar, I got deluded by requests on how to pay for it with bank deposit.
Here is how you can pay via bank deposit.

No comments:

Build A Semi-Passive Income on the Internet that You and Your Family Can Enjoy

Popular Posts