Why is it that Million dollar income earners are sweating the economic times along with the thousandaire’s? Is it because they never learned the Principles of Financial Control and Stability? In other words, they are living well beyond their means. Out go is far greater than income, rather they are banking their livelihood on IF COME! Spending tomorrows wages today!
Along with bigger incomes comes a bigger appetite to spend. It’s not hard to spend more than you earn, even when you’re a millionaire, ask some of the mega stars who are splattered all over the front page news. The one’s who are losing their assets to the bank, the cars, yachts, mansions, and marriages.
Take Network Marketers for example. Many are earning fantastic incomes, yet if their company went under today, or gave them the boot on some technicality in the Policies and Procedures, they would have no money to sustain the outgo of their over indulgent lifestyles.
They wouldn’t have the 50 K a month they are used to spending, and the hammer would fall quickly.
Others gain incredible wealth, then decide they will become experts in Real Estate, Commodities, Metals, you name it, I mean experts overnight. They listen to the hype of the brokers, and forget to realize that if the brokers had such a sure thing going, would they really be working in some dingy cubical, barking hype at greedy hopeful’s who are wanting to double and triple their investment overnight?
If you aren’t educated in the Principles of True Wealth and Financial Freedom, you are sure to crash and burn like a Hollywood has been.
Serious Marketing Professionals will make the investment in their mind to prosper while the masses fail.
Hungry entrepreneurs take the time investment to learn. Hobby builders get more credit cards, new cars, wave runners and snow machines. Playing with borrowed time, compound interest eating them alive as they sleep. Debt is a cancer, you must learn to surgically remove it immediately to prosper your children’s children.
Learn from the best in the business!
Paul W. Murphy