Skip to main content

Master the fear of poverty

To whip fear of poverty one must take two definite steps if one is in debt. First , quit the habit of buying on credit, being free from the worry of indebtedness, you are ready to revamp the habits of your mind and redirect your course toward prosperity.

The habit of saving a portion of your income. Very soon this habit will begin to take hold of your mind and you will actually get joy out of saving.

The spending habit must be replaced by the saving habit by all who wish to attain financial independence.

Merely to discontinue an undesirable habit is not enough, as such habits have a tendency to reappear unless the place they had occupied in the mind is filled by some other habit of a different nature.

The discontinuance of a habit leaves a hole in the mind, and this hole must be filled with some other form of habit or the old one will return and claim its place.

The person without money is at mercy of the person who has it regardless of the amount of ability one may possess, the training they have had, or their native genius or natural gifts.

Without a savings fund the individual suffers in two ways: first, by their inability to seize opportunities that come only to the person with some ready cash. Second, by embarrassment due to some unexpected emergency calling for cash.

Every failure, every adversity, every heartache may be a blessing in disguise providing it softens the animal portion of our nature.

The idea of saving, and the self control and self sacrifice that would be needed to do so, is always accompanied by thoughts of an unpleasant nature.

Comments

Post a Comment

Popular posts from this blog

Maximizing Your Profits with Scoring

SETTING YOUR MAXIMUM INTRADAY TRADING LOSS First things first: set a max intraday trading loss. There will be days when you just do not have it. Why do you think coaches pull their players when they are not playing well? They are more harmful on the field than off. When you are underperforming, you are hurting your team and your trading business. You need a system to yank yourself over to the bench. A stop loss is your answer. TRADING BASED UPON THE TIME OF DAY A good trader makes note of what time of day it is, when he trades most profitably, and adjusts his trading to fit such times. Your numbers at the end of the month will not reflect your true trading potential. Make the most trades with the most size during the trading periods that statistically are most profitable for you. Money saved during your weaker trading periods is money earned. Consistency The fact is that most trades you make will start working for you right away. But the new traders also hold stocks that are trading ag...
Post a Comment
Read more

Self-Discipline

One must gain mastery over self the person who is not master of himself can never be master of others. Lack of self-mastery is, of itself, the most destructive form of indefiniteness. By mastering the three appetites responsible for most of one's lack of self discipline. The three appetites are (1) The desire for food, (2) The desire for expression of sex, (3) The desire to express loosely organized opinions. When a man becomes master of these three appetites, he has developed enough self-discipline to conquer easily those of lesser importance. Self mastery contempates sufficient control over the appetites to enable one to feed them what they need and withhold food not needed. Take the desire for physical food, for example. The majority of people are so weak in self discipline they fill their stocmachs with combinations of rich food which please the taste but overwork the organs of digestion and elimination. They pour into their stomachs both quantity and combinations of food which...
Post a Comment
Read more

Blessing In Disguise

I used to hate my enemies. But that was before I learned how well they were serving me by keeping me everlastingly on the alert lest some weak spot in my character provide an opening through which they might damage me. In view of what I have learned of the value of enemies, if I had none I would feel it my duty to create a few. They would discover my defects and point them out to me, whereas my friends, if they saw my weaknesses at all, would say nothing about them. ACCEPT FAILURE AS A NORMAL PART OF LIVING. VIEW IT AS PART OF THE PROCESS OF EXPLORING YOUR WORLD; MAKE A NOTE OF ITS LESSONS AND MOVE ON.  -Tom Hobson  There can be no failure for the person who "still fights on:' No one has ever failed until they accept temporary defeat as failure. I am convinced that failure is Nature's plan through which she hurdle jumps those of destiny and prepares them to do their work. Failure is Nature's great crucible in which she burns the dross from the human hear...
Post a Comment
Read more