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Pay yourself first
Always pay yourself first before you use it for your expenditures. At least 10% of your income should go to your savings. This is the money you are going to use for investments and build your wealth.
Control Your Expenditures
Think about all the things you are getting for yourself. Do you really need it or because you want it?
Most of the time we are attracted to material things but we can live without it. Instead of eating out at expensive restaurants for your date, why don't you try cooking a meal for your romantic evening?
Be creative and find ways to control your spending.
Invest Your Money
Learn how to invest your money. If you don’t have an idea or investing is foreign to you.
Get some books or learn from a mentor.
It's important for you to grow your money otherwise it will lose value every year due to inflation and rising costs.
Preserve Your Wealth
Always be careful of the investments you make. If the deal sounds like it's too good to be true, then it's probably is. Safe guard your money and take calculated risks. Be an intelligent investor and take Warren Buffet's advice. He gave 2 rules to his company's CEOs. "Rule No 1 - Don't lose money.
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- Tags:2012 Ebooks Master Resale Rights