Be Financially Happy!
“11 Universal Laws of Financial Happiness”
o Pay yourself 10% of your take home pay
o Not to be used for unexpected expenses
o Permanent savings
o This is your bases to be financially free
§ This will increase your confidence
§ This will satisfy your soul
§ This will enable a worry free life
2. Control your expenses
o Establish and maintain a budget
o Budget only what is necessary
o Budget your entertainment too
o Be disciplined to follow your budget
o Make it a practice to live on nine tenths of your income
o Invest a tenth of your income
o “A Man’s Wealth is not in the coins that he carries, it is the stream of income he creates to continuously flow into his bank account.”
o Stocks is not the only way to invest
o Real estate—But they are telling me now Rental properties are the best way to invest
4. Guard your principle
o Ensure that the principle part of your income is not at risk
o Get professional advice
o Do not get involved in quick money schemes
o Own your own home and ensure that you keep it in good shape
o Invest in your home
6. Ensure a future income for retirement
o Insurance
o IRA’s
o Get out of dept
o The more valuable you are to society the more you will earn
o Education, training, growing, knowledge, self development, etc. is something that no one can ever take away from you
o People will pay for your knowledge and skills
8. The goddess of luck
o Hard work—Thomas Jefferson said “The harder he worked the luckier he got.”
o Action—Take action on opportunities as they come up
9. Develop a plan on getting out of dept
o Make war on your dept
10. Live the life you love
o Your calling is your work
o Your Purpose is your calling
o Love what you do
11. Give back
o 10% to charity
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