Four Keys to Success with Money

First, earn as much as you possibly can. Do everything possible to excel in your field so that you are paid extremely well for what you do.

The second key to money is for you to hold on to as much as you possibly can. Remember, it is not the amount you make but the amount you keep that counts in the long run. Resist the natural tendency of most people to throw their money around, spend it impulsively and end up broke everymonth, no matter how much they earn. Don't let this happen to you.

The third key to money is for you to reduce and control your costs of living. Look for every opportunity to practice frugality in everything you do. Buy less expensive items. Put off important buying decisions for a day, a week or even a month so that when you finally do make the decision, it is a good one. All wealthy people are very careful with their money and theirexpenditures. That’s how they became wealthy.

Finally, the key to money is for you to invest it carefully and make it grow as rapidly as you can. Because of the miracle of compound interest, combined with dollar cost averaging, you can become wealthy in a few years by saving and investing 10% to 20% of your income, every single month, off the top, as you go along.

This is a wonderful time to be alive. It has never been more possible for you to make more, save more, accumulate more and grow your money faster than it is today. Your job is to take full advantage of the wide range of opportunities that are available to you. Your job is to apply these laws to fulfill your financial destiny and become wealthy in your working lifetime.