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Consider These Tips for Building Wealth, Rather Than Wasting It.
By Muyi Shogbuyi
A Chinese proverb states that "making money is like digging a well with fingernails, but spending money is like pouring water on the sand."
Makes a lot of sense to me. To get rich, the easiest method you can use is to start keeping more of what you make. This will allow you to start compounding wealth, rather than squandering it.
Use the following methods of reorganizing and repositioning to amass your own fortune.
1. Pay Yourself First--Every paycheck, make it a point of duty to pay yourself first. Even if it is $10. Put this money in a set aside savings account that you do not touch or use for anything else. When this money accumulates to a few hundred dollars, invest in a stock or mutual fund.2. Join an Investment Club--This may be one of the smartest moves you will ever make. To learn more about investing, contact the National Association of Investment Corporations at (248) 583-6242.
3. Maximize Your Personal Exemptions for Payroll Withholding--Take the maximum exemptions you are entitled to. You'll get more money to take home, rather than a refund when you file your tax return. This will be money you can save right now and compound the interest. Much advantageous to you NOW, rather than a refund a year later with no interest.
4. Raise Your Insurance Deductible--Doing this will lower your yearly premiums by as much as $500--quite a saving, that is! Money in your pocket now.
5. Buy Term Insurance Instead of Life--Term insurance allows you to get the coverage you need for your family. This is crucial. Life insurance with built-in savings doesn't amount to much in the long run, and it costs more.
6. Get Rid of Insurance Coverage You Don't Need--Why pay for uninsured motorist, for instance, when you already have insurance on your own vehicle? Or having a medical coverage on your auto insurance, when you already have health insurance. These add-ons are wasteful additions mainly to enrich your insurance agent. Knock them off.
7. Use Your Credit Card Sparingly--Use your credit card only for items you can afford to pay off when the bill is due. High-ticket items like a TV, computer or stereo should be bought with planned savings. Also using your card for regular expenses like groceries or dining out can lead to debt that can easily get out of hand.
8. Use a Credit Card With Low Interest Rate--There are many of them out there and you can save quite a lot by having a low interest rate card. Send for my report, "Best Credit Card Deals." The list includes over 20 banks that offer lower interest rates. Names and toll-free numbers are provided. It's only $3 for the report and you can save yourself a bundle.
9. Buy Through Mail Order--Buying through the mail can be a real saving, and there's no sales tax on out-of-sate orders.
10. Choose a Bank That's Right For You--Better to shop around for the bank that will serve your interest. Some banks charge for using ATMs, some don't. And bank charges vary from bank to bank. For full details on choosing a bank, send for the report, "Choosing a Bank That's Right For You." It includes all you need to know about choosing a bank and it includes numbers to call to investigate any bank. Only $2.
11. Sell, Don't Throw Away--Some of the items you bought some time ago and have lost interest in or grown tired of can still have some value. You never know. Your "junk" may be somebody else's "treasure." Offer to sell them at a garage sale. Send for the report on Garage Sales. Only $2.
12 Negotiate Your Fees, Commission, and Purchases When You Can--If you buy at a flea market, you can haggle over the price. You can also negotiate with your real estate agent or insurance agent for a reduced rate. All these seemingly little things amount to something when you add them all up. Don't discount them. Remember the saying, "a penny saved is a penny earned."
To SAVE Money NOW, send $5 ONLY, for the complete Reports mentioned above:
1) Best Credit Card Deals
2) Choosing a Bank That's Right For You
3) Garage Sales
You will also receive a FREE 400-page book, THE LITTLE BOOK OF FREE THINGS (a $10 value). It contains thousands of great thing you can get for FREE...just for the asking. Also ask for details on how you can start and make a fortune in your own business. Send your order to:
Muyi Shogbuyi MAS Enterprises Chicago, IL 60640 www.wealthlink.com/masenterprises
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