Wednesday, June 08, 2005

Financial Independence

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The Mechanics of Wealth
Lifestyle Enhancement Strategies
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Published By:

Mike Stokes
The Home Business Network
225.218.1469
http://www.WalkAwayWealth.com

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FINANCIAL INDEPENDENCE
(By - Jim Rohn)

Shortly after I met my mentor, he asked me,

"Mr. Rohn, how much money have you saved
and invested over the last six years?"

And I said, "None."

He then asked, "Who sold you on that plan?"

It is better to be a lender than a spender.

To become financially independent,

you must turn part of your INCOME into CAPITAL;

turn CAPITAL into ENTERPRISE;

turn ENTERPRISE into PROFIT;

turn PROFIT into INVESTMENT;

and turn INVESTMENT into FINANCIAL INDEPENDENCE.

Financial independence is the ability to live from
the income of your own personal resources.

If you depend on your company to take care
of your retirement, your future income
will be divided by five.

Take care of yourself, and you can
MULTIPLY your future income by five.

I remember saying to my mentor,

"If I had more money, I would have a better plan."

He quickly responded,

"I would suggest that if you had a better plan,
you would have more money."

You see, it's not the amount that counts;
it's the plan that counts.

If you were to show me your current financial plan,
would I get so excited by it that I would go
across the country and lecture on it?

If the answer is no, then here's my question,

"Why not?"

Why wouldn't you have a superior financial plan
that is taking you to the places you want to go?

I used to say, "Things cost too much."

Then my teacher straightened me out on that by saying,

"The problem isn't that things cost too much.

The problem is that you can't afford it."

That's when I finally understood that the problem wasn't "IT"-

the problem was "ME."

* These quotes are by Jim Rohn,
America's Foremost Business Philosopher.
Excerpted from The Treasury of Quotes by Jim Rohn.
Copyright © 1994 Jim Rohn International.
All rights reserved worldwide.

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Need help putting together a personal Financial Plan?

Go to: http://www.WalkAwayWealth.com

Let's talk...Call or email me...

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This FREE Newsletter is
COMPLIMENTS of:

Mike Stokes
The Home Business Network
225.218.1469
http://www.WalkAwayWealth.com

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"Got to stop wishing,
Time to go fishing,
Down to rock bottom again."

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Recommended Reading -

The Seasons of Life
By - Jim Rohn

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