Monday, November 05, 2007

You don’t need to have a large income to be wealthy. You just need to spend less than you make. Unfortunately in our society, we’re so focused on working to pay for “stuff” we sometimes forget about building wealth.

I’ve heard the comment, “Why is it so important to you to have money? Don’t you think that’s being a little greedy?” Well, I really don’t want to spend my life going in circles. Make money, spend money, make money, spend money and on and on and on. I want to make money, save it, enjoy it, and live a fun life.

You may think that being wealthy is out of reach for you. There are plenty of millionaires out there who have never had an income of over $50,000. How do they do it?

They don’t:

  • drive SUVs. In fact, their cars are several years old.
  • go out for dinner or drinks 3 or 4 times a week.
  • buy $100 shoes or purses.
  • go on shopping sprees.
  • have expensive jewelry.
  • live in expensive houses.
  • feel the need to keep up with the Joneses.
  • rely on credit to pay the bills.

However, they also don't:

  • lie in bed at night worrying about debt.
  • Wonder if they’ll have enough money to go on a vacation.
  • Worry about paying for the kids’ education.
  • Work at a job they hate because they have to.
  • Worry about how much it’s going to cost to get the car fixed.
  • Avoid the telephone, because it may be a creditor.

Every single one of us has the potential to be a millionaire if you are willing to do the work. Are you willing?