Building Rich Money Habits 101: my personal finance story
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Building Rich Money Habits 101: my personal finance story
By: Rich Money Habits
Posted: Oct 24, 2009
Comments: [1]
I have always thought there’s only one formula in making money. That is work hard and at the end of each month, you get your paycheck. Growing up in a family of farmers, I have seen what working hard really means. I’ve experienced waking up early in the morning, go to the farm, plant or harvest rice until the sun sets in. When you go home after a long day of working, the aching muscles says it all. It is HARD work. I’ve learned from my parents that if you want to have some money, you have to work for it. Often times, I’d go along with my mom to harvest tobacco leaves from a nearby town, and afterwards, she’d pay me for how much I was able to harvest. That’s always been my training in terms of making money. That was my first money habit – work to earn.
When I was in College, I wanted very much to help my parents pay for my education. I was fortunate to have been granted a full scholarship, so that took care of the tuition. Even then, making money from a far away province, and spending it in the most expensive city in the country is no easy task. It is an uphill battle similar to walking up to a going down escalator. So in my own little way, I also tried to make money by applying as student assistant to one of the universities’ projects. It doesn’t pay much since it is a government project but enough to pay some of my daily expenses and grow my confidence.
After graduating, I immediately started work as a mainframe programmer for a multinational IT company. The offer I got then was around 16,000 pesos which was BIG money then for someone who’s fresh out of college and don’t have much working experience. I worked very hard and was fortunate enough to be promoted almost every year.
As my paycheck increased, my appetite for consumption also increased. I bought a refrigerator, a washing machine, gas stove, shoes, etc, ALL at the same time, EVEN when I didn’t have the money to pay for it. I just used my new credit card! That’s when my debt started to pile up. The “easy” monthly payments never lived up to its promise. No monthly payment was easy, especially when you only have your paycheck to rely on. As my debt seemingly increased every month, I also had to worry about paying my monthly house rental, buying groceries, eating out with friends, and more. There were times I was so out of money I even had to do “cash advance” on my credit card. As some of you might know, you get to pay a hefty “fee” for doing a cash advance. This is on top of the amount of money you actually “advanced”. My already big debt, ballooned even more! I was so ashamed of having to do cash advance, I promised right there and then, I had to pay for my debt no matter what. It was like a having compound interest working against me. I had to learn how money works. I had to figure it out no matter what. I had no choice.
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While pondering my huge debt, I tried to look for ways to earn more money. I tried doing some programming projects for friends. I even entered the world of network marketing, tried selling wellness products and failed miserably. I remember that my only “downlines” (a term indicating those you’ve recruited into the business) was my mother, my aunt, and a few of my friends. It was a learning experience. The thing that struck me most, was that my “need” for money, was being transferred to my “clients”, without me being conscious of it. It was hard “selling” something you don’t 100% believe in and it’s even harder when your motivation is “making” more money without necessarily helping other people. I think this mindset barrier is one of the reasons why I was not able to make it work. Everyday, I had to battle with myself. Am I here to really help other people? Or is it just because of the money?
One time, while me and my friends were hanging out at a bookstore, I saw the book Rich Dad, Poor Dad by Robert Kiyosaki. I heard my friend say it’s a great book, so I bought it, took it home and devoured the stories and financial lessons in the book. The book opened my eyes to the world of money I never knew existed before. That’s when I realized that the rich have different sets of money habits from the poor and the middle class. For the first time, it finally made sense why I can’t seem to be making a dent on my credit card debt; why I can’t seem to sell anything at all. Because I had the wrong money habits. I had to learn rich money habits to achieve financial freedom.
After that, it got me excited to learn more about money. First, I signed-up for our company’s savings plan. I started really small. At first, only about 2% of my paycheck is automatically deducted and kept under my savings account. I don’t even get to hold the money. After a month, I increased it to 5%, then to 10%. After a year of saving, I was able to set aside 20% of my paycheck without necessarily scrimping myself too much. That was rich money habit #1 – pay yourself first.
With the savings, I had, I was able to pay my debt slowly buy surely. More than that, it gave me confidence to know that I can do it, with the proper discipline and rich money habit. When the opportunity came for me to be assigned to the US for a 6-month stint in my company, I was able to save even more and pay-off the rest of my credit card debt. That was rich money habit #2 – get out of bad debt as soon as possible!
I also started to take serious notice of the numerous calls I got from insurance agents offering life insurance. Before, I would always make up numerous excuses just to avoid talking to them. But now, I wanted to know more how I can use the different insurance products to protect myself and my family. I also started reading more on business, money, investing and personal finance. After a few years, I managed to save up for an emergency fund. That’s rich money habit #3 – Get some protection!
I’m still a long way to go from financial freedom. That is my goal. I am in the process of learning how to build passive and semi-passive income, and I am loving every minute of it. In this website, I will share whatever I learned so that you too can build your own rich money habits and ensure your financial success and freedom!
Rich Money Habits – About the Author:
Allan Inocente is the owner of Rich Money Habits by akosiallan.com You can learn more about him at http://www.akosiallan.com/about
Source: http://www.articlesbase.com/personal-finance-articles/building-rich-money-habits-101-my-personal-finance-story-1374764.html
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Article Tags:
rich money habits, business, investing, money, pay yourself first, personal finance, personal finance story, rich dad poor dad
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PAYPAL VERIFIES THAT THIS INVESTMENT SCHEME IS 100% LEGAL AND IS A
BIG HIT THIS YEAR SEE THEIR NOTE BELOW OR ASK THEM DIRECTLY… THIS
SCHEME MIGHT TAKE 15-30 MINUTES AND JUST , BUT IT IS 100% WORTH IT TO
MAKE THOUSANDS SO QUICKLY. THIS IS NOT ANOTHER SCAM THAT
TAKES LOTS OF YOUR HARD EARNED MONEY; THIS IS A NO RISK INVESTMENT THAT
WILL MAKE YOU THOUSANDS OF DOLLARS VERY EASILY AND QUICKLY.
>From PayPal:
“Dear Member, it has come to our attention that there
is a paypal scheme floating around at the moment you
may have heard or seen the scheme. You may have
even taken part in it well we have been asked a lot of
questions about this scheme the answer is yes it does
work and yes it is safe to use providing you follow the
rules it is legal and has made a big hit on the internet
this year. If you would like to take part in this scheme
or would like a bit more information then please see the
attached file that was kindly donated to us. Thank you for
using PayPal!”
TURN INTO ,000 IN ONLY 30 DAYS…HERES HOW!
You have most likely seen or heard about this project
on TV programs such as 20/20 and Oprah, or you may
have read about it in the Wall Street Journal. If not,
here it is below – revealed to you in step-by-step
detail. This program is by no means new. It has been
in existence in many forms for at least a decade. But
in the early days, it required a lot more time and
effort, as well as an investment of a few hundred
dollars. However, thanks to PayPal and the Internet,
the investment is now virtually ZERO! And what’s more,
the entire process is FASTER, EASIER, and MORE
LUCRATIVE than it has EVER been! Below is the email
sent to me:
How to Turn into ,000 in 30 Days with PayPal
I WAS SHOCKED WHEN I SAW HOW MUCH MONEY CAME FLOODING INTO MY PAYPAL
ACCOUNT I turned into ,706 within the first 30 days of operating
the business plan that I am about to reveal to you free of charge. If
you decide to take action on the following instructions, I will
GUARANTEE that you will enjoy a similar return! STILL NEED PROOF? Here
are just 3 testimonials from the countless individuals who decided to
invest nothing more than and half an hour of their time to
participate in this program:
“What an amazing plan! I followed your instructions
just 3 weeks ago, and although I haven’t made 15 grand
yet, I’m already up to ,135. I’m absolutely gob
smacked.” -Pam Whittemore , Ohio
“Well, what can I say?… THANK YOU SO MUCH! I sent 40 e-mail’s out
like you said and then I just forgot about the whole thing. To be
honest, I didn’t really think anything would come of it. But when I
checked my paypal account a week later, there was over ,000 in it!
After 30 days I now have over ,000 to spend! I can’t thank you
enough!”-Juan Tovar, NY, NY
“I was shocked when I saw how much money came
flooding into my paypal account. Within 3 weeks my
account balance has ballooned to ,449. At first I
thought there had been some sort of error with my
account!” -Richard Barrie, Boulder, CO
The only things you will need are: An email address. A
Business PayPal account with at least deposited in
it, and just 15 to 30 minutes of your time. This
program takes just half an hour to set up. After that,
there is absolutely no work whatsoever to do on your
part. You have absolutely NOTHING to lose, and there
is NO LIMIT to the amount of income you can generate
from this one single business program.
Let’s get started, just follow the instructions exactly
as set out below and then prepare yourself for a HUGE
influx of cash over the next 30 days! Here’s what you
need to do. . .
REQUIREMENTS
#1) an email address
#2) a Premier or Business PayPal account
STEP #1 – Setting up your FREE PayPal Account
It’s extremely safe and very easy to set up a FREE
PayPal account! Copy and paste this to the address bar
https://www.paypal.com (notice the secure “https” within the link)
Be sure to sign up for a free PREMIER or BUSINESS
account (and not just a PERSONAL account) otherwise
you won’t be able to receive credit card payments from
other people.
STEP #2 – Sending PayPal money “It is an undeniable
law of the universe that we must first give in order to receive.”
Now all you have to do is send .00 by way of PayPal
to each of the six email addresses
listed below.
Make sure the subject of the payment says… *PLEASE
PUT ME ON YOUR EMAIL LIST* (this keeps the program
100% legal.. so please don’t forget!)
Note: (If you do not see the full email address for the 6 members, just
hit reply To this email and they will show up.)
(Just in case you still haven’t opened your PayPal
account yet, use this link to open one in your name),
https://www.paypal.com
#1) faithmichelle…@yahoo.com
#2) reesef…@yahoo.com
#3) artoffic…@grics.net
#4) wingm…@shaw.ca
#5) chr0m3spar…@yahoo.com
#6) scottchelsea@tiscali.co.uk
Remember, all of this is ABSOLUTELY LEGAL! You are
creating a service!
If you have any doubts, please refer to Title 18 Sec.
1302 & 1241 of the United States Postal laws.
STEP #3 – Adding Your Email Address
After you send your six .00 payments, it’s your turn to add your
email address to the list!
Take the #1) email off the list that you see above, move the other
addresses up one (6 becomes 5 & 5 becomes 4, etc) then put YOUR email
address (the one
used in your PayPal account) as #6) on the list.
**MAKE SURE THE EMAIL YOU SUPPLY IS EXACTLY AS
ITAPPEARS IN YOUR PAYPAL ACCOUNT.**
STEP #4 – The Pure Joy of Receiving PayPal Money!
You are now ready to post your copy of this message,
to at least 200 newsgroups, message boards, etc. (I
think there are close to 32,000 groups)
All you need is 200, but remember, the more you post,
the more money you make – as well as everyone else on
the list! In this situation your job is to let as many
people see this letter as possible. So they will make
you and me rich!!!! You can even start posting the
moment your email is confirmed. Payments will still appear in your
PayPal account even while your bank account is being confirmed.
HOW TO POST TO NEWSGROUPS & MESSAGE BOARDS
Step #1) You do not need to re-type this entire letter
to do your own posting. Simply put your CURSOR at the
beginning of this letter and drag your CURSOR to the
bottom of this document
, and select ‘copy’ from the
edit menu. This will copy the entire letter into your
computer’s temporary memory.
Step #2) Open a blank ‘Notepad’ file and place your
cursor at the top of the blank page. From the ‘Edit’
menu select ‘Paste’. This will paste a copy of the
letter into notepad so that you can add your email to
the list.
Step #3) Save your new Notepad file as a .txt file. If
you want to do your postings in different sittings,
you’ll always have this file to go back to.
Step #4) Use Netscape or Internet Explorer and try
searching for various newsgroups, on-line forums,
message boards, bulletin boards, chat sites,
discussions, discussion groups, online communities,
etc. EXAMPLE: go to any search engine like yahoo.com,
google.com, altavista.com, excite.com – then search
with subjects like ?millionaire message board? or
?money making message board? or
?opportunity message board? or ?money making
discussions? or ?business bulletin board? or ?money
making forum? etc. You will find thousands &
thousands of message boards. Click them one by one
then you will find the option to post a new message.
Step #5) Visit these message boards and post this
article as a new message by highlighting the text of
this letter and selecting ‘Paste’ from the ‘Edit’
menu. Fill in the Subject, this will be the header
that everyone sees as they scroll thru the list of
postings in a particular group, click the post message
button. You’re done with your first one!
Congratulations! THAT’S IT!! All you have to do is
jump to different newsgroups and post away. After you
get the hang of it, it will take about 30 seconds for
each newsgroup!
REMEMBER, THE MORE NEWSGROUPS AND/OR MESSAGE BOARDS YOU POST IN, THE
MORE MONEY YOU WILL MAKE!! BUT YOU HAVE TO POST A MINIMUM OF 200**
That’s it! You will begin receiving money within days!
**JUST MAKE SURE THE EMAIL YOU SUPPLY IS EXACTLY AS IT APPEARS ON
PAYPAL.**
$ $ $ $ $ NOW THE WHY PART: Out of 200 postings, say I
receive only 5 replies (a very low example). So then I
Made .00 with my email at #6 on the letter. Now,
each of the 5 persons who just sent me .00 make
the MINIMUM 200 postings, each with my email at #5 and
only 5 persons respond to each of the original 5, that
is another .00 for me, now those 25 each make 200
MINIMUM posts with my email at #4 and only 5
replies each, I will bring in an additional 5.00!
Now, those 125 persons turn around and post the
MINIMUM 200 with my email at #3 and only receive 5
replies each, I will make an additional 5.00! OK,
now here is the fun part, each of those 625 persons post a
MINIMUM 200 letters with my email at #2 and they only
receive 5 replies that just made me ,125.00!!! Those
3,125 persons will all deliver this message to 200
newsgroups with my email at #1 and if still 5 persons
per 200 newsgroups react I will receive ,625.00!
With an original investment of only .00! AMAZING!!
When your email is no longer on the list, you just take
latest posting in the newsgroups, and send out another
.00 to emails on the list, putting your email at number 6
again. And start posting again.
The thing to remember is, thousands of people all over
the world are joining the internet and reading these
articles everyday, JUST LIKE YOU are now!!
So can you afford ?? And see if it really works?? I
think so? People have said,what if the plan is played
out and no onesends you the money? So what are the
chances of that happening when there are tons of new
honest users and new honest people who are joining the
internet and newsgroups everyday and are willing to
give it a try? Estimates are at 20,000 to 50,000 new
users,every day, with thousands of those joining the
actual Internet.
Remember, play FAIRLY and HONESTLY and this will work. This really
isn’t another one of those crazy scams! As
long as people follow through with sending out .00,
it works!
With warm wishes, bless you and your loved ones,
https://www.paypal.com
$ $ $ $ $ REMEMBER, IT IS 100% LEGAL! DON’T PASS THIS UP!
bumblewalker
Jul 19, 2010
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