Jay Peroni offers the following royalty-free article for you to publish online or in print. Feel free to use this article in your newsletter, website, ezine, blog, or forum. ----------- PUBLICATION GUIDELINES - You have permission to publish this article for free providing the "About the Author" box is included in its entirety. - Do not post/reprint this article in any site or publication that contains hate, violence, porn, warez, or supports illegal activity. - Do not use this article in violation of the US CAN-SPAM Act. If sent by email, this article must be delivered to opt-in subscribers only. - If you publish this article in a format that supports linking, please ensure that all URLs and email addresses are active links. - Please send a copy of the publication, or an email indicating the URL to [email protected] - Article Marketer (www.ArticleMarketer.com) has distributed this article on behalf of the author. Article Marketer does not own this article, please respect the author's copyright and publication guidelines. If you do not agree to these terms, please do not use this article. ----------- Article Title: Not Wealthy? Change the Rules! Author: Jay Peroni Category: Personal Finance, Wealth Building, Financial Planning Word Count: 533 Keywords: financial planning, certified financial planner, wealth creation, investments, savings Author's Email Address: [email protected] Article Source: http://www.articlemarketer.com ------------------ ARTICLE START ------------------
Have you ever seen a hamster running on a wheel inside a cage? Hamster wheels allow rodents to run even when their space is confined. They keep running and running and make no progress. Yes, they get exercise, but they do not travel any distance. For many, their finances are like the hamster on the wheel. They keep chugging along, spinning their wheels, and making little to no progress. Why is this? Many are programmed to live life by the rules of the world. Often I see people base their spending rules on how much income they make. The more they make, the more they spend. The true reality of wealth creation is that how much you earn has very little to do with your ability to build wealth. How much you spend is far more critical. Many falsely believe that the key to getting out of their financial holes is to add more income. Why, then, do people who add more income still live paycheck to paycheck? Why do most lottery winners end up dead broke even after winning millions? If income was the solution, why couldn't everyone just find better jobs to make more money? The reality is that unless there is a change in spending habits, these people will remain trapped on the same financial wheel spinning but going nowhere. You must change your rules. If you do not like the results, change the rules. Following the same rules that got you in trouble in the first place will only produce the same end result. Without a change, you are doomed to repeat past mistakes. Look at things in a new way. Follow these rules and you may find financial freedom is closer than you think. (Please note that the following allocations would apply to those who have already paid down substantial debt; otherwise, the percentage allocated to recreation could be dramatically reduced and the remainder used to pay down debt.) The rules are: 1. Pay God first: 10 percent toward giving 2. Pay yourself second: 10 percent into long-term savings 3. Pay for necessities: 60 percent into a checking type account 4. Pay for recreation: 10 percent into your fun account 5. Pay for freedom 10 percent into a financial freedom account Though learning to live on 60 percent of your salary is a tough feat for anyone, it should be your ultimate goal. If you control what you spend, you will find a way to live within your means. Reduced spending may also allow you to give more than 10 percent and save more for the future. If you have a burning passion to change, you will. Otherwise, you will be afraid. Don not let fear get the best of you. Fear may be present, but work to overcome your fears. If you are willing to do only what is easy, life will be hard. But if you are willing to do what is hard, life will be easy. Training your own mind is the most important skill you could ever own in terms of both happiness and success. You should recondition your mind with the knowledge that spending keeps you trapped in a world of limited financial progress. It impacts your ability to give and save more. Jay Peroni, CFP, and author of The Faith-Based Millionaire and The Faith-Based Investor. Jay is also the founder of http://www.FaithBasedInvestor.com, a faith-based investing newsletter and the founder of http://www.Values First Advisors.com a firm dedicated to faith-based financial planning. ------------------ ARTICLE END ------------------ [Non-text portions of this message have been removed]
