5 Simple Steps to Maximum Dollars & Sense - Easy To Follow Principles For Financial Independence Pt2

Continuing with what was said last in the first part of this article. I can not stress enough the importance of having someone who know and understands money like a jeweler knows stones and a carpenter knows wood, so you need guidance from someone who has learned and is applying certain financial principles.

Now Simple Step 4. Don't throw your money in the ditch! What is the ditch? I am glad you asked. The ditch is both metaphorical and literal. First lets talk about the metaphorical aspect of the ditch. A ditch is anything that involves the use of your money in any situation that the borrower is not familiar with.

Again don't lend your butcher money to start a night club. Why not? Because your butcher does not know about the night club industry and so therefore would more likely lose the money you've loaned him. So, don't lend money unless the borrower is good for it and everything is written on paper and he/she knows the chosen industry.

And, Simple Step 5. Don't harlot your money. Earlier I said you want your money to have babies and you do, through wise counsel and investing. What we are talking about now is not making a harlot of your money. You know, running around the streets at night, being mistreated and disrespected by all. What does that mean financially?

It means that money and wealth will not come to the man who loosely gambles or blindly gives money into plotted schemes with exceedingly high returns. What I mean by plotted schemes with exceedingly high returns is supposed business opportunities that involve you investing a lot and going to make a rapid return of thousands times.

Now there are legitimate opportunities that do offer high returns in a short time. Of course these will tell you that it is going to take time and dedication on your part to make is bare fruit..

So lets recap the 5 Simple Steps to Maximum Dollars and Sense: Easy To Follow Principles For Financial Independence.

1. Save at least 10% of all earnings
2. Make your money have babies!
3. Money stays with those who are wise in its ways
4. Don't throw your money in the ditch!
5. Don't harlot your money.

Simply follow these 5 Simple Steps and you will be on your way to financial independence. If you have found this article helpful in any way, be sure to keep a copy for you and send the direct link for this article to friends, family and folks you meet anywhere.