How to apply time-tested principles to create, manage and build personal wealth. Wait a minute, principles arent secrets; here we go with another thick book to waste time
but Ill spare you a few hours.
Seven main reasons people fail
1. Procrastination
2. Failure to establish goals
3. Ignorance about what money must do to accomplish those goals
4. Failure to understand and manage credit
5. Failure to understand and apply tax laws
6. Failure to properly prepare for the unexpected
7. Failure to develop a winning financial attitude
The good point is, those issues need to be addressed and if you do that youll be prepared to win by not losing because you started on a good foundation. As for the principles:
1. Set goals
2. Pay yourself first
3. Harness the power of time
4. Diversify your investments
5. Manage your credit wisely (good debt)
6. Safeguard your future (insurance)
7. Seek professional guidance