Why should you build wealth and then buy toys? Better toys and no stress. If you drive a 911 but you're killing yourself and working like a maniac or doing something you hate because you have to are you really winning?
Look, here we are coming out of the worst recession since the great depression, which I was not even alive for. I did get many stories but until you feel the real deal you just don't get it. Today I get it. Well brace yourself for the next decade or so because business and government have some ground to make up and they want your money to do it with. That right and it's not a conspiracy theory, just Google it.
Large organizations are loading their marketing guns and they are going to shoot as fast and hard as they can. They need to get things cranking and getting every day Americans to buy things they don't need is how they are going do it. Keeping up with the Jones equates to a lot of Dough and there is no cooking the books on this one. Fact is in today's world we get hit in more directions than ever. The ways to reach people has multiplied so we are more influenced than ever before by commercials and marketing. Consider all the options there are to reach you today to entice you to buy:
- Newspaper
- Radio
- Television
- Email spam
- Text spam
- Social media ads
- Google ads
I have been very fortunate in my life that I have made a lot of money, I have also wasted a lot of money which is why I know what I am talking about. It is more important to have cash on hand then the car you drive or the TV you watch. Opportunities arise but if you are not ready to pull the trigger you let them pass you by. I could have bought Apple when it was $20 a share and had a ton of extra money today but I didn't because it seemed to be a stretch financially. Well what a difference it would have made today.
So what do you do to position yourself for opportunities that come up?
SIMPLE!
1- Open up 2 bank accounts and label them opportunity and savings
2- take a percentage of what you make and put it into each account when you get paid.
3- Pay into these accounts like it is a bill that must be paid and never to be missed so set up the numbers so you can manage them no matter what happens.
Now.
The first account is called opportunity and the only withdrawal you can make from that account is for something that may make you money. It has to be a venture of some sort that you outline and commit to. You aren't risking the money because that is what it is for. Be careful what venture you consider and get counsel on the pitfalls. Worst case you lose that investment and learn a great deal. I have lost Millions in real estate which is why people come to me for advice today. I know what not to do as well as what to do.
The second account is a savings account and you may have one now but a simple question kills it. HAVE YOU EVER MADE A WITHDRAWAL FROM YOUR SAVINGS ACCOUNT? If you have then it isn't really an account building for your future. You have to commit to never taking this money out until you retire. The you can have a true savings account and more for later. It's not about living less it's all about living with more opportunities and less stress.
So open your accounts and pay them like bills and try to do things that will build your future. I have a 14 year TV and nobody cares. I can do nice things for my family and I don't stress about money or work and candidly my vacations rock!!
I leave you with one final question. Is it about how much money you have or how long you could live the way you want to without having to make any more?
The true battle is time
Beware of THE LIFESTYLE TRAP
Article Source:http://EzineArticles.com/?expert=Brad_Park
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