A Part Of All You Earn Is Yours To Keep

By
Real Estate Agent with RE/MAX Results

I am swinging back into my Prosperity Secrets theme from February, and wanted to start out with some practical tips that deal right with your finances.

I work with a lot of buyers and come to know their situation. Often people can't buy a home because of their credit, sometimes people are delayed in buying because they don't have money down.  

I am reading the George S. Clason classic The Richest Man In Babylon.  In there the prosperous character is teaching others eager to hear about how he became the richest man in the city by learning that A PART OF ALL YOU EARN IS YOURS TO KEEP.

For those of you doing this it may sound like a no brainer.  However, working in this business, and having my own challenges in the past, I know this is not a simple concept more most.  You want to PAY YOURSELF AT LEAST 10% of what your earn.  You want to soon after have this money go to work for you!  Financial talk show host Dave Ramsey would want you first to have 3-6 months in the bank for an emergency fund, but after that you want this money to be working for you.

IF your doing this great!  See still if you can look through your budget and find more money that can go to work for you.  If your not doing this, then sit down and look over your budget and see what you can do to start paying yourself.  Having read this book before I know it goes into working out deals with your creditors so you can still pay yourself first even if your budget seems to be 100% accounted for by your bills.

Thus, it would be a great idea to pick up this book The Richest Man In Babylon or attend a financial course like Financial Peace University to help get you on track.

 

Posted by

 

 

 

 

 

 

Chuck Carstensen is a Realtor with RE/MAX Results in Elk River and Cambridge, MN.  Helping buyers, sellers and investors in great Minnesota counties like Sherburne, Isanti, Wright, Anoka, Chisago, Hennipen and Mille Lacs. He is a Certified Distressed Property Expert (CDPE).

Contact Chuck by emailing him at chuck.carstensen@results.net or by phone at 612-290-3809. 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the cat to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
ActiveRain Community
Groups:
Storms or God's Opportunities
100 Days to Change
Minnesota Professionals
anythinggoes
Out Of The Box!
Tags:
the richest man in babylon
financial peace university
paying yourself first
prosperity secrets

Comments 6 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the world to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
783,280
Joe Petrowsky
Your Mortgage Consultant for Life
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709

You are seeing it correctly and this thought process is a must that all of us should follow. How often has it been said, if you haven't paid yourself first, you have worked for nothing.

Thank you for sharing the post with all of us.

April 18, 2012 02:51 AM
Rainmaker
613,522
Bob Miller
The Ruiz/Miller Team - Ocala's Dream Team
Keller Williams Cornerstone Realty

Hi Check, excellent suggestion.  Look forward to more of these.  Have a great Wednesday!

April 18, 2012 03:16 AM
Rainer
230,615
Barbara Tattersall
GRI
Keller Williams Realty Metropolitan (Keene,NH)

Good Morning,  Saving is always a good idea.  We waste a lot on unnecessary "stuff". Thank you for an important reminder.  I'll go look for that book.

April 18, 2012 03:20 AM
Rainmaker
464,269
Jordon Wheeler
J W Group Real Estate Sales and Service
The Jordon Wheeler Group

Hey Chuck,

I'm with you on this one.  Sometimes the creditors are screaming so loud, you have to find that quiet place where you value you - and pay yourself.  Thanks and best of success to you this year!

April 19, 2012 07:37 PM
Rainmaker
329,642
Laura Filip
THE SIGN OF SOLD STARTS HERE. CALL US TODAY
RE/MAX UTOPIA WHITESBORO,SHERMAN,DENISON TX,TEXOMA

Chuck great post thank you for sharing it with us. Have a blessed day

April 29, 2012 12:39 PM
Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the balloons to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
693,657

Chuck Carstensen

Minnesota Real Estate Expert
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

I help buyers, sellers and investors with their real estate needs. In this blog I post my listings and give real estate, social media and personal development tips. I enjoy giving people tips, suggestions and hints that can improve their business and life.