I guess this is the last step in achieving debt-free status(or should I say this is the unending step) that you and I has to do. Let us recap the steps:
3. Discipline
If you think the rich has no problem keeping their goals because they have a lot of money your wrong. People who are truly rich(as differentiated who are just rich) struggle the same way simple person like you and me in keeping one’s goal.
But there is a difference.
Persons who are struggling to keep their goals who are buried in debt worry asking themselves where in the world where will they get money to solve their debt problem.
source: http://www.learnvest.com
Truly rich people on the other hand worry how are they going to generate money from their money to pay off current spending.
source: http://mamacanon.blogspot.com
If you have read Robert Kiyosaki or Bob Procter this is what they call “the role of money” in one’s life.
For people buried in debt or financially illiterate, they work for money. Day in day out even though they have earned billions or even trillions but they are still buried in debt so they keep working for money thus they become slave of money.
source: http://i38.tinypic.com
What should we be doing then? We must make money work for ourselves by becoming the master of money.
You might blurt out the Bible says “Love for money is the root of all evils” and I agree with you so you ask why then you want me to be the master of money?
Here is one truth: Money is neither good nor evil, its the person using it that is good or evil.
So let us make things straight, whether you are rich or buried in debt we face the same struggle in keeping our goals. If you are debt free your goal is to get out of debt. When you do get out of debt and become rich never ever stop keeping your goal to be debt free. Continue that goal and whatever extra you have save it and make it work for you.
When you finally become rich my friend please do me a favor. As the master of money use it wisely.
There is another truth I have learned and I want to share it to you: The best way to enjoy blessings is to share it.
When you are at the giving end it feels so good and it creates that “ABUNDANCE MENTALITY” thus you struggle more not to get out of debt(because you are not anymore) but to make money work for you so that you can give more.
About the blogger
Louis Delos Angeles is a Certified Public Accountant, blogger behind Investing in Philippines, and author of Investing in Stocks: Preparing for the future small amount at a time. Learn more about Louis and his financial freedom advocacy here.
Keep posting stuff like this i really like it