How To Make Money And Keep It

All day long, from birth to death, we're indoctrinated with images of flaunted wealth. Somehow we've gotten it in our minds that a wealthy, successful person, someone who knows how to make money, is someone who drives a Jaguar, wears expensive Italian suits, goes on international vacations once a month, eats at only the finest restaurants and dates expensive supermodels. If you want a more accurate picture of the modern day millionaire, picture a small business owner who drives a used truck, stays actively involved in every business and property he manages, gets $10 haircuts, and probably lives a few blocks from you.

Today's millionaire is not flaunting his or her wealth, but reinvesting it and protecting it. Many of us could very well become millionaires from where we stand right now. By living within our means, driving a modest vehicle, getting rid of credit cards and debt, owning a humble home and not a two story condo with a bedroom we never need and so on.

The fact is that being wealthy today, building your own wealth, is really all about being thrifty in every area of your life. This means taking a few minutes to grab those coupons to save money on groceries, spending a little more up front to drive a car that consumes less gas and is cheaper to insure, taking out a reasonable mortgage and not one that has us struggling to keep up and so on.

Today's successful people, people who built their own businesses from the ground up, who built their own wealth, who never inherited a dime or got a full scholarship to Harvard, they are simply people who are capable of planning for the long term. They buy groceries at places like Costco where they can pick up staple items in bulk and spend far less over time. They spend a little more on a car that allows them to pay almost nothing for car insurance.

Long term planning is the most important point if you want to make money and keep it. Today's millionaire trades luxury for security and stability. They don't go out to eat every night, they spend a couple hundred on some cooking classes so that they can save money in the long run making 5 star meals at home. They don't buy every new HDTV that comes out, they get one that will last for a long time and they replace it when it breaks down.

When making a purchase, it's a good idea to ask yourself how this purchase is going to benefit you 1, 5, or 10 years from now. Not all purchases will go that far, but you'd be surprised how many purchases do. Cigarette lighters, for instance, can be bought in bulk for a dime apiece. Car tires can last for years.

When you have very little money, it's hard to plan for anything but the short, short term, because that's probably all you can afford, but when you do start to earn real money, it's very important that you recognize the opportunity to build real wealth rather than squander it on short term needs and desires.

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