Tuesday, August 19, 2008

Fabulous Thoughts

Last night at my investment group meeting, we discussed the importance of having one's financial life together & staying in the mindset. Meaning it's important to continuously seek new information on retirement, investments, savings, etc. no matter how weary you may get. Persistance is the key...if being disciplined enough to be rich were easy, everyone would be rich, right? Exactly! And that's why everyone isn't rich. Everyone doesn't want to take the time to write out goals and stick to them, budget and stick to it, invest regularly, or stay in the mindset of growing rich.

So from now on...my mindset is "Think and Grow Rich." Just like the book, which I'm currently reading. It's all about changing the way you think about things in your life and how if you consistently have money on your mind, you're bound to see and create opportunities that may pass others by.

Then I get on CNN and find the above referenced article about saving at a young age which inspired me even more. So I definitely feel like I'm on the right track, it's just about staying focused in order to continue my quest towards financial fabulousity.

Here are some thoughts that I read in my book, which I intend to write on index cards to stay focused:

  • Wishing will not bring riches. But desiring riches with a state of mind that becomes an obsession, then planning definite ways and means to acquire riches, and backing those plans with persistance with does not recognize failure, will bring riches.
  • ...there is one quality which one must possess to win, and that is definiteness of purpose, the knowledge of what one wants, and a burning desire to possess it.
  • No one is ready for a thing, until he believes he can acquire it.
And finally, I'll end with Six Ways to Turn Desire into Gold from Think and Grow Rich:
  1. First, fix it in your mind the exact amount of money you desire. It is not sufficient merely to say "I want plenty of money." Be definite as to the amount.
  2. Second, determine exactly what you intend to give in return for the money you desire. (There is no such reality as "something for nothing.")
  3. Third, establish a definite date when you intend to possess the money you desire.
  4. Fourth, create a definite plan for carrying out your desire, and begin at once, whether you are ready or not, to put this plan into action.
  5. Fifth, write out a clear, concise statement of the amount of money you intend to acquire, name the time limit for its acquisition, state what you intend to give in return for the money, and describe clearly the plan through which you intend to accumulate it.
  6. Sixth, read your written statement aloud, twice daily, once just before retiring at night, and once after arising in the morning. As you read -- see and feel and believe yourself already in possession of the money.

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