How You Can Become Rich

By Charles Neshah:

Self-control is what you need to cut your expenses to just one-tenth of your earnings while at the same time find a venture into which to put your money to work for you and multiply itself on a continuous basis. However, you must be careful to invest in a secure business that will not disappoint your objective. Use  your credit card  wisely, buying only necessities.

Self-confidence is what a loaded credit card should do for you first and foremost, just like putting money in your purse. However, do not  treat such money  like a loss money, money you are simply holding to give away for one reason or the other.  Because sooner or later you must give all or some of the money out,  it is very important that you have a source of reoccurring income,  not only for  reloading  your credit card, but to act as a money bearing tree -  as source of wealth unlike wages.

You may be  at a loss about   how to  make your money multiply or how do you plant a money tree so that you can have more to spend as wisely as I am advocating here. Think, open your mind, imagine and you will find the answer. Alternative, look at my author bio at the end of this article for direction.

Okay, think of  what is it that the banks do to have so much money.  I will tell you. Banks take deposits for safe keeping and collect interest on them for their services. Now, can that  alone make banks as rich as they are? No.  The real source of bank profits are not mainly  from the little interests they accumulate but from the multiplier effect generated when the interests accruing to the banks are lent out to borrowers who in turn pay interests to the banks for loans. The profits from this source is uninterrupted  for  every bank, because lending money to customers is an on going business for banks.

As a bank deducts interests from its customers it gives same out to other eager customers and the stream of interest for the bank becomes a powerful current, not only increasing the bank's capital base but always increasing the bank's earning power. Credit card companies also get wealthy collecting little interests which they in turn invest wisely for the same multiplier effect discussed above.

Imagine also how much you will be worth now if at birth your parents had signed up with  a foremost multi level marketing company where you now have a huge network of down lines on whom you earn bonus for the purchases they have ever made and still make.

Money for use is not wealth. Wealth is the aggregate source of income that continually flows into your account such that your expenses never catches up with it and depletes it. This is the kind of income everyone should aim for, an income that does not stop because you are ill, on holidays or engaged in other activities of life - Affilliate marketing is one such business, because one calculated action  can bring recurring in come for a long time.

Think about an investment that will without fail generate a sustained and considerable turnover and income stream like interest do for credit card companies and banks. Little steady income from a particular investment will soon grow into a huge reservoir of cash…and if you are able to create multiple income streams then your status as a wealthy person will be eventually realized sooner than later.

I have surely in my years spent considerable amount of money. Now consider how rich I would be today if I had applied the principle I propound here by just investing one-tenth of all the millions I have so far spent, in a business or businesses that continuously bring back to me, no mater how little, return on my investments.

The incremental effect on money wisely invested is so dramatic even when the income comes in trickles. So also is the effect of regular commission checks from affiliate programs.

Remember to invest wisely though, not all investments bring about gain. Men have invested huge sums of money that got lost in business. Invest your penny wisely and it will soon bear pounds. In the case of affiliate marketing, be careful, all that glitter are not gold.

Paid employment yield predetermined short term income, but since you were appointed the tendency is that you will one day be disappointed for one reason or the other. Think about it and make an investment that will continuously funnel income your way. Have you heard that a  stitch in time saves the shirt? It sure does.