michael jordan shoes for sale 9 False Assumptions About Wealth

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9 False Assumptions About Wealth
False Assumption 1: Having a Job is Good jordan shoes jimmy jazz and Leads Ultimately to Wealth.
I asked a young telephone receptionist in Columbus, Ohio, to tell me her idea of the most important factor in wealth acquisition. She replied, "A good job, a great job,michael jordan shoes for sale, a fantastic job." I was surprised by how often this same answer was given by those whose income is average and below. Millionaires rarely respond this way.
It is commonly held in our society that finding a good job, working hard, and moving up the ladder to more responsibility will eventually take us to golden retirement years of wealth and happiness. As one shrewd observer put it, "Wealth jordan shoes doernbecher is when small efforts produce large results. Poverty is when jordan shoes jumpman large efforts produce small results."
No matter how much you love your job, expecting it to make you wealthy is like looking for gold in a salt mine. If your large efforts are only producing small results you had better check the roadmap. You may be on the road to poverty."
The answer is not to work harder, but to work smarter. A job should be looked upon as a temporary inconvenience. It is a method for generating cash flow for living expenses while you jordan shoes big kids are setting up a "money system". Thus, having a job is necessary for a while,Air jordan pas cher boutique, but don't forget the other part of the equation. Your ultimate goal is to acquire ownership of a generous source of income which flows to you regardless of your job.
False Assumption 2: Saving Your Money Is a Good Investment.
How many millionaires do you know who have become wealthy by investing in savings accounts? I rest my case.
But don't get me wrong. Saving money is good. In fact, it is important to the wealth building process. It's not the money saved that is important. It is the discipline required to save it. But you can't expect your savings to carry you to wealth. And this is the fact that is customize jordan shoes online so widely misunderstood. Even the seemingly exciting high interest rates paid by the popular money market funds are not enough. in finance to realize that any dollar that earns less than about 15% per year is a losing venture. At best it is the slow liquidation of wealth.
"But," you say, "savings accounts and certificates jordan shoes oreo 6 of deposit are safe and the money comes easy." And I reply, "Does it jordan shoes all make you feel safe and secure to know that every day you are getting poorer and poorer?"
One of my grandfather's favorite sayings was: "Early to bed/Early to rise/Work like hell/And economize!"
There is nothing wrong with economizing. There is a place for jordan shoes te 3 it in the scheme of wealth. However,buy air jordan 1 shoes, if jordan shoes discontinued your goal is to become wealthy you must learn how to save smart. The money you save jordan shoes over the years is only parked temporarily in liquid, interest bearing accounts waiting for a better place to invest. This smart money is then shifted into long range, less liquid investments which generate wealth producing rates of return rates well in excess of 50% per year. Anything less is tantamount to treading water in the swimming pool on the deck of the Titanic.
False Assumption 3: Debt Is Bad Avoiding jordan shoes stores online It Like The Plague.
Have you ever heard this before? There is truth to the statement, but it depends on the kind of debt we are talking about. If we are talking about consumer debt, yes. Avoid it like a plague. Avoid borrowing money to buy the "appearances of wealth" which lose value and are often worthless before the debt is repaid.
But investment debt is another story. In fact,cheap air jordan sale, self made wealth never comes without going into debt. I repeat: You can never become wealthy without going into some form of investment debt. jordan shoes olx And probably a lot of jordan shoes kids size 6 it.
It is true that debt is terrifying to most of us. It signifies bondage. And ironically, the only way we can develop a sizable nest egg and stay out of long term financial bondage is jordan shoes october 2014 to go into short term debt. You can actually leverage/borrow your way to wealth.
There is no other way short of theft or inheritance. And that brings us to our next false assumption, which is the reason most of us fear debt in the first place.
False Assumption 4: Security Is Good.
Our entire society is obsessed with security. We demand social jordan shoes encyclopedia security, job security, seniority, and federal deposit insurance. But security is only an illusion. Le me illustrate. A few months ago a fireman friend of mine was called out to fight a large brush fire. He and his cohorts rushed to the closest fire hydrant, connected their water hoses, and ran to jordan shoes names the flames. But when they turned the water on at the hydrant, nothing happened! The water lines had not been new michael jordan shoes release dates properly connected by the developer. All they could do was stand there and watch the blaze,cheap air jordan shoes, helpless.
Those who place too much faith in security often end up trying to put out fires with empty water hoses. Would you feel financially secure if you had to rely on an almost insolvent social security system?
How dangerous it is to assume that security is good! The more you love security the more likely you will avoid risk. And if you avoid risk, you also avoid opportunity, because risk is the price you pay for opportunity. You can't hate risk and hope for freedom.
Risk is an essential part of progress. Learn to view it positively, as an essential step in the road to wealth.
I was driving down a California freeway recently and heard a radio advertisement for a local bank. Their slogan was: "Come in out of the risk."
If I could rewrite this commercial, I would jordan shoes article say: "Come out into the risk. For that is where you find the opportunity. There is no such thing as security. There are only varying degrees of risk."
False Assumption 5: Failure is Bad.
I used to be ashamed of my many failures and mistakes. And I have made plenty of them! But as I became more mature I realized that failure is part of success. A very important part. If you develop a positive mental attitude about failure, you can learn a great deal from it. You will develop ingenuity, flexibility, and an ability to create new ways of achieving goals. When you fail for a time to obtain something you really want, you join the ranks of some pretty important people.. Do you know of any successful person who has risen to the top of his or her field without some failure?
Herb True once said, "What people don't realize is that jordan shoes black and white successful people often have more failures than failures do. But they keep going." You don't drown by falling in water. You drown by staying there.
Failure is not bad. In fact, one good failure can teach you more about success than four years at the best university. Failure can be the best thing that ever happened to you.
False Assumption 6: Wealth Is Measured In Material Possessions.
Wealth is not money. Money is just the appearance of wealth. The form but not jordan shoes outlet the substance. Wealth is thoughts, not things. You can be wealthy without having lots of money. And you can be rich and not be wealthy.
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