Posts Tagged ‘Wealth’

Wealth Control

Posted: June 16, 2017 in Money Matters
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“You must take personal control of your wealth… The best part is that it doesn’t really matter how much you make. It only matters how much you save…” –David Eifrig

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“When you borrow money two things usually happen.  First, you’re taking capital that others saved in the past, and are probably using for consumption, not to create more wealth.  And second, you’re mortgaging your future, which makes you a serf when you have to pay it back.” -Doug Casey

Wealth Step

Posted: March 10, 2017 in Money Matters
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“The first step to building wealth is not to increase your income.  The first step is to curb your spending.” –David Eifrig

True Wealth

Posted: February 23, 2017 in Money Matters
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Many investors overlook the fact that your true wealth is your income.” -David Eifrig

“This is an important trait in human nature to recognize—that those who have been reckless with their money and have ended up losing it tend to hate those who were not reckless and have retained their wealth. Perhaps, observing someone who behaved responsibly is a regular reminder that they behaved stupidly.” -Jeff Thomas

Wealth Wish

Posted: January 29, 2017 in Money Matters
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“You can’t wish yourself to wealth, you have to plan for it…one detail at a time.” -Michael Masterson

“Many Americans – average folks working to build a comfortable life – assume the ‘rich’ have a secret.  It seems they know something about ‘how the world works’ that the rest of us don’t….  It turns out, the wealthy do harbor a secret – three of them, in fact….  And these secrets not only build wealth, they allow you to use it to live the life that you want to live….

You don’t need to be rich, though.  You don’t need to pursue money at all costs.  But having financial stability gives you freedom.  Reducing stress improves your health.  And understanding how to manage your income makes for better relationships with your family and loved ones.

Tenet No. 1: Save Religiously.  Tenet No. 2: Invest for the Long Term.  Tenet No. 3: Obsess About Risk

Only by following all three of these tenets can you successfully set yourself free from living paycheck to paycheck.  If you were to find folks with enough cash to live how they’d want to live, you’d find almost all of them followed these tenets.” -David Eifrig