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inside my mind.

25.1.08

"Stock" Market?

O nce upon a time in a village, a man appeared and announced to the
villagers that he would buy monkeys for Rs10.
The villagers seeing that there were many monkeys around, went out to the
forest and started catching them.
The man bought thousands at Rs10 and as supply started to diminish, the
villagers stopped their effort. He further announced that he would now buy
at Rs20. This renewed the efforts of the villagers and they started catching
monkeys again.
Soon the supply diminished even further and people started going back to
their farms. The offer rate increased to Rs25 and the supply of monkeys
became so little that it was an effort to even see a monkey, let alone catch
it!
The man now announced that he would buy monkeys at Rs50! However,
since he had to go to the city on some business, his assistant would
now buy on behalf of him. In the absence of the man, the assistant told the
villagers. Look at all these monkeys in the big cage that the man has
collected. I will sell them to you at Rs35 and when the man returns from the
city, you can sell it to him for Rs50."
The villagers squeezed up with all their savings and bought all the monkeys.
Then they never saw the man nor his assistant, only monkeys everywhere!!!
Welcome to the "Stock" Market!!!!

8.1.08

From Jim Rohn: FINANCIAL INDEPENDENCE

Shortly after I met my mentor he asked me, "Mr. Rohn, how much money have you saved and invested over the last six years?" And I said, "None." He then asked, "Who sold you on that plan?"

It is better to be a lender than a spender.

To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence.

Financial independence is the ability to live from the income of your own personal resources.

If you depend on your company to take care of your retirement, your future income will be divided by five. Take care of it yourself, and you can multiply your future income by five.

I remember saying to my mentor, "If I had more money, I would have a better plan." He quickly responded, "I would suggest that if you had a better plan, you would have more money." You see, it's not the amount that counts; it's the plan that counts.

If you were to show me your current financial plan, would I get so excited by it that I would go across the country and lecture on it?  If the answer is no, then here's my question: "Why not"? Why wouldn't you have a superior financial plan that is taking you to the places you want to go?

I used to say, "Things cost too much." Then my teacher straightened me out on that by saying, "The problem isn't that things cost too much. The problem is that you can't afford it." That's when I finally understood that the problem wasn't "it" – the problem was "me."

The Bible says that it is hard for a rich man to enter into the kingdom of heaven. It doesn't say that it is impossible!