People who have more money, abundance, prosperity they know well the laws of money. The wisdom of the ages do provide us with a helping hand to live a prosperous, rich, free and happy life. We may have traveled much, learned much, laboured much and earned much but if we have little money then we have been following unwise advice.
People have more money when they know the five laws of money and adhere to them. However wealth that comes quickly goes the same way, as the saying goes. George S. Clason said, "wealth that stays to give enjoyment and satisfaction to its owner comes gradually, because it a child born of knowledge and persistent purpose."
These five laws of money are important and meaningful today more than ever for people who are messed up in life with regards to money transactions. It can help the young people who are just stepping into the real world and the couples or singles who are already in the world experiencing tough times.
The First of Law of Money
"Money comes gladly and in increasing quantity to those who will put one-tenth of their earnings to create an abundance for their future and that of their family."
If you plan to pay yourself first one-tenth after every paycheck consistently, invest it wisely and follow this plan minutely, the plan will bring you future prosperity. Set aside that percentage of your income as yours to keep. Those who do keep one-tenth and don't spend is good for their families. But those who spend it are indifferent to their families. And still those who have not saved anything are unkind and disloyal to their families.They don't seem to love themselves and their lovely families.
The Second Law of Money
'Set aside the seven-tenths of all you earn to provide for you and your family a home, clothes to wear, food to eat, cars to buy, vacation and entertainment to have so that you don't miss any enjoyment and pleasure.'
Keep in mind that you should not spend more than seven-tenths of what you earn for these essential things of life. You must live upon the allotted portion and never use more or buy what you may not be able to pay for out of this portion. This is a great secret for those struggling financially.
"Money works and labours diligently and contentedly for the wise owner who finds for it profitable jobs."
Many of us know that only humans must work. It is not so today. Your talents, skills, ideas, thoughts, plans, qualification, training, money, patents, royalties, dividends, interests and profits etc can work as hard as you leverage them according to your capacity.
Money is a willing worker. It is ever ready to multiply when opportunity comes. It is a known and accepted fact that those who have the habit and discipline of setting aside a portion of their total income, nice opportunities present themselves for more profitable investment returns.
The Third Law of Money
'The two-tenths of all you earn should be divided honorably and fairly among all your creditors who you are indebted.'
When you divide equally the two-tenths to pay back your debts, any amount of debts could be easily paid without much pain and stress or struggle. Your banker won't threaten or blackmail you if you come up with a proposal to pay every month or quarter some fixed amount. You must write down all the names of people from who you borrowed money for your personal needs and allocate the money fairly. Mark my word, in due time you will have paid back all your creditors.
"Money clings and protects the cautious owner who invests it under the advice of wise men who deal with such investments themselves."
Money stays with the wise owner but flees the careless owner. The wise owner learns as much as he can from other experts and follows his own gut and intuition to discern its truthfulness.
The Fourth Law of Money
Money slips away from those who invest it in businesses which they are not so familiar with or which are not approved by those skilled and wise people.'
The inexperienced owners or those who don't educate themselves about the financial matter, lose their hard earned money in mutual funds or stock markets. Mutual funds and pension funds are not the best investment portfolios because they are highly risk oriented. You don't have any direct control over your investment. You handover your money to the third party and pray for the money to work hard for you. When the stock market crashes, you can do nothing than to sit and cry over the loss.
The Fifth Law of Money
'Money flees those who force it to work hard and bring impossible earnings and dividends or who follow the tempting advice of frauds and schemers or who trust their money to their own inexperience and romantic desires and fancies.'
If you have followed these five laws of money, you can have abundance, prosperity, wealth, freedom and happiness. Be true to pay yourself one-tenth, pay seven-tenths to run the family, and pay two-tenths to all your creditors fairly to pay off your debts. Once you have paid back all your debts, your burden will be light and you will feel energetic and free to live a great life once more.
Remember, 'in the strength of your own desires lies a magic power. Follow this power with your knowledge of the five laws of money and you shall be able to inherit almost everything that your heart truly desires.
Alwed Ekka
Guide Coach Mentor
