Bodo Schafer: 22 principle of WEALTH

Principle No. 1 - delay by 25% income and 50% of the excess income to a separate account! Subsequently invest the money. Banks pay a penny and save only the money from inflation!

Principle No. 2 - Save! Only saving and investing the money, you can become a millionaire in a few years. Wasteful lifestyle rarely leads to increased welfare in the beginning.

Principle No. 3 - Our problem — we belong not to our money. Like money! Not in terms of how to spend and take care of them. Besides, nobody says you have to renounce pleasures!



 

Principle # 4 - Create your financial plan on 7 — 10 years. Decide what You are aiming for and how much you want to earn in a year, two, etc. Decide what You will do for this.

Principle # 5 - Dreams do not have to be small! Thinking globally! Dream about the billions and a big success (in career, politics, etc.) share Big dreams into small goals. Consistently encourage local (small goals), leading to a big dream.

Principle # 6 - Your principles of thinking must be like a billionaire or millionaire. Try to lather categories of rich people!

Principle # 7 - Be confident. Develop these principles. Money and people are drawn to confident people! Be sure in your success even when things go wrong! (Bodo Schaefer was bankrupt in 26 years and lost everything, but found the strength to rise again and become a millionaire)

Principle # 8 - don't be afraid of problems!!! Learn to enjoy the challenges and failures. Big goals often give rise to great problems and difficulties. Solving problems, we become stronger!

Principle 9 - (addition to rule # 8, in fact): the Fallen, up — becomes stronger. (to get a grasp in this phrase and think). A very important rule for those who are touched crisis.

Principle 10 - Financial prosperity is impossible without financial constraints and planning their spending. Financial freedom is through financial constraints!

Principle # 11 - good Luck dances with those who invites her to dance!

Principle №12 - If You decide to do something, but not begun to do so within 72 hours — in 85% of cases You don't do it ever!

Principle # 13 - do You Believe that you get rich? Not important believe it or not, but if you follow the simple rules and principles of personal Finance management, You will definitely get rich! Moreover, not later than 7-10 years. Get started right to take their money today!

 



 

Principle No. 14 (the"Rule of 20 to 80 at the Bodo Schäfer") Only 20% of efforts lead to 80% am results! 80% of the effort, respectively, provide only 20% of results.

Principle No. 15 - Wealth — our right given to us from birth. To be rich is not necessarily born into a wealthy family, get a good education, etc. properly belongs to their money and to strive for excellence.

Principle # 16 - self-Confidence and positive — Important principle of financial success. Get yourself a notebook (journal) success. Bodo Schaefer recommends write 5 things every day that You did well.

Addition to the principle №16 — If so does not reach You in a day (5 notes) — write what You just liked today. For which You give thanks today.

Principle # 17 - Think about your health. Success is impossible without good health. Wealth without health will not bring joy.

Principle №18: You should always have a supply of financial strength for 6 months at least. You can lose your job, income, ability and the opportunity to take the money. And even many successful businessmen often ignore these rules.

 



 

Principle №19 - For good earnings need good knowledge. Try to constantly learn, to read, to broaden my horizons. Fools are lucky only in the casino and then rarely.

Principle No. 20 - Capitalism is "swimming with crocodiles". It is impossible not to take into account the fact that You live under capitalism!... Survival of the fittest. Be rich and keep money strongest.

 

Also interesting: the Algorithm for determining life goals

In our life there are debts

Principle №21 - Wealth is not how much You have spent in the casino, the restaurant at the resort or in the store. Wealth is what You have put and saved.

Principle # 22 - You don't get paid what You are worth? No, if You work for the money means so much You stand. If something does not suit you — change work, lifestyle, change yourself! published

 



Source: esolang.com/articles/finance-articles/money_articles/bodo-shefer-principy-bogatstva.html

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