Prosperity Pursuit MRR Ebook

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Foreword

Those who truly want to attain a financially free mindset, have only to set their minds on it, and acquire the proper means, as they do in relation to any other aim which they want to achieve, and it can be easily done.

But however simple it might be to make revenue, I have no doubt many will agree it's the hardest thing in the world to hold on to it. It consists merely in spending less than we bring in; that appears to be a really simple issue. A lot of my readers might say, “we comprehend this: this is mindset, and we know mindset is wealth; we know we can’t eat our cake and have it as well.”

Yet maybe more cases of failure arise from errors on this point than almost any other. The reality is, many individuals think they understand mindset when they really don't.

Prosperity Pursuit!

Developing The Financially Free Mindset The Right Way.

Chapter 1:

Mindset Basics

True mindset is misconceived, and individuals go through life without properly grasping what that principle is.

One says, “I've an income of so much, and here is my neighbor who has the same; yet yearly he flourishes and I fall short; why is it? I understand all about mindset.” He thinks he does, but he doesn't.

There are men who believe that mindset consists in scrimping, in cutting off two cents from the wash bill and doing all sorts of little, mean things. Mindset isn't meanness.

The misfortune is, likewise, that this class of individuals let their mindset apply in only one direction. They fancy they're so wonderfully frugal in saving a penny where they should spend two cents that they think they can afford to waste in other directions.

What It Is

Before kerosene oil was exposed, one might stop overnight at nearly any farmer’s house and get a really good supper, but after supper he may attempt to read in the living room, and would find it impossible with the ineffective light of one candle.

The hostess, seeing his quandary, would state: “it's rather hard to read here evenings; we never have an additional candle except on special occasions." These special occasions happen, perhaps, twice a year. In that way the woman saves 5, 6, or 10 dollars: but the information which may be gained from having the extra light would, naturally, far outweigh a ton of candles.

But the difficulty doesn't end here. Feeling that she is so frugal in candles, she believes she can afford to go often to spend 20 or 30 dollars for ribbons and frills, many of which are not essential. This false belief may frequently be seen in other instances.

You find great businessmen who save old envelopes and scraps of paper. This is all OK; they might in this way save 5 or 10 dollars a year, but being so frugal (only in paper), they believe they can afford to squander time; to have expensive parties, and to drive their fancy cars. This is an illustration of “penny wise and pound foolish.” I never knew a man to succeed by applying this sort of mindset.

True sound financial mindset consists in always making the profit exceed the expenditure. Wear the old clothes a bit longer if essential; give up the new pair of gloves; fix the old dress: exist on plainer food if need be; so that, under all conditions, unless some unexpected accident happens, there will be a allowance in favor of the profit.

A penny here and a dollar there saved, goes on accumulating, and in that way the desired result is accomplished. It requires some training, possibly, to achieve this mindset, but when once used to it, you'll discover there's more satisfaction in rational saving than in irrational spending.

Here is a formula which I advocate: I've found it to work a great cure for extravagance, and particularly for mistaken mindset. When you find that you've no surplus money at the end of the year, and yet have a great income, I advise you to take a couple of pieces of paper and mark down each item of expenditure.

Post it daily or weekly in 2 columns, one headed “essentials” or even “comforts”, and the other headed “luxuries,” and you'll discover that the latter column will be double, or more, larger than the former. The true comforts of life cost but a small portion of what most of us may earn.

Think of the keep up with the Jones' attitude: One may say; “there's a man who has an income of fifty thousand dollars annually, while I have but one thousand dollars; I knew that young man when he was poor like myself; now he's wealthy and thinks he's better than I am; I'll show him that I'm as good as he is; I will go and purchase a fancy car; no, I can't do that, but I'll go and rent one and ride this afternoon on the same road that he does, and therefore prove to him that I'm as good as he is.”

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