7 laws of Money

in #busines8 years ago

Each person has their own relationship with Finance. Someone with money friends, someone not really, but almost everyone wants to have as much money as you need and even more. As a rule, money love to those who know how to handle them and follow their laws. These laws are not so complicated. Many ignore them, considering absolute nonsense and it is in vain. After all, money requiring respect, and the laws of money – even more so.

  1. The law of choice
    Its essence is simple: each person chooses him to be rich or not. We create hundreds of beliefs that limit themselves – do not believe in their abilities, nor the opportunities that surround us, but consider ourselves smart enough.

  2. The law of capital
    Here we are talking not just about the money. Genuine capital is your ability to earn. The amount that you get today, is a measure of how you have developed the ability to make money. Increase your personal value, to develop their abilities and skills. Strive to ensure that the work is not more, but BETTER. The best investment is an investment in yourself.

  3. Law perspectives
    Taking financial decisions, calculate their steps ahead. In other words, starting a new business or project, it is foolish to count on a quick profit. Let now your income is small, but if in the future your business can increase its tens and even hundreds of times – be patient and follow the plan. Rich people always look to the future.

  4. The law of savings
    Always have to defer 10% of their income. At first glance it may seem that this is too much, and situations in life are different – debts, unforeseen major expenses, too little income, etc. If 10% is for you too large sum, start with at least 1%. Then after some time start delay is 2 or 3% and gradually bring to 10%. The money – your financial reserve, which will allow you to feel in relative safety.

  5. The law of investment
    One of the most important cash laws. Never in a hurry to part with their money and, before investing, carefully study the case in which you are going to invest their money. Money is in some sense a part of your life, because you spend some time to make it. So whether or not take lightly the results of their work? Always ask yourself: what happens if you lose all that you are going to invest? If this loss will be painful for you, then it is wiser to abandon such an investment, it is better to preserve what you have than to lose their belongings.

  6. The law of conservation
    The strength of your financial future is determined not by how much money you earn and how much you have earned. The 10% that you set aside – do not count.

  7. The law of analysis
    Regularly take time to analyze your financial situation. And this must be done not once a year, but at least once a week. Ponder how it is wiser to manage their own money. The more time you spend thinking about finances, the more thoughtful and reasonable will be your decision.