A personal finance blog dedicated discussing such topics as budgeting, asset allocation, 401K, IRA, cash flow, insurance, financial planning, portfolio management, and other areas in personal finance.


Wednesday, April 27, 2005

The 13 Absolutely Unbreakable Laws of Money by Brian Tracy

I found this on the internet several years ago and thought I would share it. I can't find the source for the information but I will tell you that it is written by Brian Tracy and that I received permission to reprint it here. This is worth printing and posting on your refrigerator.

1. The Law of Abundance: We live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition.

2. The Law of Exchange: Money is the medium through which people exchange their labor in the production of goods and services for the goods and services of others.

3. The Law of Capital: Your most valuable asset, in terms of cash flow, is your physical and mental capital, your earning ability.

4. The Law of Time Perspective: the most successful people in any society are those who take the longest time period into consideration when making their day-to-day decisions.

5. The Law of Saving: Financial freedom comes to the person who saves ten percent of more of his income throughout his lifetime.

6. The Law of Conservation: It's not how much you make, but how much you keep, that determines your financial future.

7. Parkinson's Law: Expenses always rise to meet income.

8. The Law of Three: There are three legs to the stool of financial freedom: savings, insurance and investment.

9. The Law of Investing: Investigate before you invest.

10. The Law of Compound Interest: You become financially independent by investing your money carefully and allowing it to grow at compound interest.

11. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.

12. The Law of Attraction: The more money you save and accumulate, the more money you attract into your life.

13. The Law of Acceleration: The faster you move toward financial freedom, the faster it moves toward you.