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To give you an idea of how a money manager controls what they have, note which statements apply to you;
The Poor Money Manager
Spends all their pay immediately.
Must have it now, no matter how it hurts or how much credit they use
Has no goals or plans other than to be rich and famous
Follows the crowd and their friends
Mixes with people who have similar money problems
Believes they don’t need advice
Has no interest in gaining financial knowledge
Spends on items which lose value, e.g. Cars, stereos etc.
The Good Money Manager
Saves a minimum of 10% out of each pay
Minimizes borrowing for items which depreciate in value
Has definite goals, e.g. 6-12 months, 5, 10 and 20 years
Has a plan that they actually implement
Mixes with people who are successful money manager
Knows that strategic spending is a must
Seeks professional advice and has a wealth coach
Is keen to learn new things and ideas about money manger
Invests in items which gain in value by quality
Author: Greg Dempsey – Investor/Marketer
Title: Money Manager
www.OpulentWealth.com
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