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I love the old saying in economics "cash is trash". What this essentially means is that your cash or savings will ultimately go to its real net worth value "nothing". You see, throughout our history, there has been currency crashes and also time and time again our currency has been devalued. This is where we get the expression "cash is trash". Its man made money and the moment you start keeping large amounts of this "trash", you start to get poorer because inflation will ultimately eat your currency until its worth nothing.
So what do you do?. This may shock you but the richest people of our society are cash broke. They only hold petty cash. Any profits that come from their businesses are re-invested continuously. To completely understand how the rich get richer, I suggest you read the book "The richest man in Babylon". This again confirms the statement that "cash is trash" and once it comes into your possession, get it into a vehicle that is working continuously for you. The poor work for money, the rich have their money work for them.
Two things the above book really recommend are the following
1. Are part of what you earn is yours to keep
2. The money that you keep must be put to work for you (your brothers). When your brothers have sons and daughters (interest and profits and dividends etc), they in turn must be put to work for you.
Wealth knows no boundaries. By exercising these activities, your wealth will be begin to soar like a plant in the ground to a tree with multiple numbers of branches and sub branches and more sub branches etc.
Remember, cash is trash, invest your cash and then reinvest your profits. You will have all you want!
As a Man Thinketh, James Allen
Multiple Streams of Income, Robert G. Allen
Smart Women Finish Rich, David Bach
The Automatic Millionaire, David Bach
Start Late, Finish Rich, David Bach
The One Minute Manager, Ken Blanchard and Spencer Johnson
Mach II with your Hair on Fire, Richard B. Brooke
The Aladdin Factor, Jack Canfield and Mark Victor Hansen
Dare to Win, Jack Canfield and Mark Victor Hansen
How to Win Friends and Influence People, Dale Carnegie
Acres of Diamonds, Russell H. Conwell
The Richest Man in Babylon, George S. Clason
The 7 habits of Highly Effective People, Stephen R. Covey
The 8th Habit: From Effectiveness to Greatness, Stephen R. Covey
Think and Grow Rich, Napoleon Hill
Rich Dad Poor Dad, Robert T. Kiyosaki and Sharon L. Lechter
Cashflow Quadrant: Rich Dad's Guide to Financial Freedom, Robert T. Kiyosaki and Sharon L. Lechter
Conversations with Millionaires, Mike Litman, Jason Oman, et al.
The Greatest Salesman in the World, Og Mandino
The 21 Irrefutable Laws of Leadership, John C. Maxwell
Failing Forward, John C. Maxwell
The Power of Positive Thinking, Norman Vincent Peale
You Can If You Think You Can, Dr. Norman Vincent Peale
You Were Born Rich, Bob Proctor
Leadership Secrets of Attila the Hun, Wess Roberts
Cultivating an Unshakable Character, Jim Rohn
Seven Strategies for Wealth and Happiness, Jim Rohn
The Art of Exceptional Living, Jim Rohn
The Challenge to Succeed, Jim Rohn
The Five Major Pieces to the Life Puzzle, Jim Rohn
The Seasons of Life, Jim Rohn
True Leadership, Jan Ruhe, Art Burleigh, et al.
The Magic of Thinking Big, David Schwartz
The Millionaire Next Door, Thomas J. Stanley and William D. Danko
21 Success Secrets of Self-Made Millionaires, Brian Tracy
The Science of Getting Rich, Wallace D. Wattles
All You Can Is All you Can Do, But All You Can Do Is Enough, Art Williams
Breaking the Rules, Kurt Wright
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6:45Why Most People Will Never Become Richby rybest3626,980 views
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