tag:blogger.com,1999:blog-177003022011-04-21T11:43:33.558-07:00Golden rules for making money and keeping it. Free financial advice for individuals and small businesses. Steps for making money, avoiding debt, creating income, financial planning.staffwritersnoreply@blogger.comBlogger291100tag:blogger.com,1999:blog-17700302.post-1128987976921165332005-10-14T22:00:00.000-07:002005-10-15T18:17:53.403-07:00

In the world today, we go through several years of schooling, but we are rarely taught how to manage our finances. Everyone has an income but some people become rich and others go bankrupt. I discover these golden rules of making money and keeping it. I narrow them down to about 20, and now I’m trying to apply them in my own life. These rules are ideal for someone trying to start a new business

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129091397072720692005-10-14T21:00:00.000-07:002005-10-15T17:48:28.716-07:00

The first golden rule."True economy consists in always making the income exceed the expenditure. Wear the old clothes a little longer if necessary; dispense with the new pair of gloves; mend the old dress: live on plainer food if need be; so that, under all circumstances, unless some unforeseen accident occurs, there will be a margin in favor of the income. A penny here, and a dollar there,

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129093214632307792005-10-14T20:00:00.000-07:002005-10-15T17:49:21.163-07:00

"You cannot accumulate a fortune by taking the road that leads to poverty. It needs no prophet to tell us that those who live fully up to their means, without any thought of a reverse in this life, can never attain a financial independence. Men and women accustomed to gratify every whim and impulse, will find it hard, at first, to cut down their various unnecessary expenses..., and will feel it a

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129094076902810172005-10-14T19:00:00.000-07:002005-10-15T17:49:45.170-07:00

The author tries to equate good health with wealth and the connection to addictions. I personally do not agree, but his arguments are very persuasive."The foundation of success in life is good health: that is the bedrock of fortune; it is also the basis of happiness. A person cannot accumulate a fortune very well when he is sick. He has no ambition; no motivation; no energy..." "...Of course,

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129095023875023042005-10-13T03:00:00.000-07:002005-10-15T17:44:11.080-07:00

"...They have got hold of a poisonous, Tobacco, or rather that takes a firm hold of them. Here are married men who run about spitting tobacco juice on the carpet and floors, and sometimes even upon their wives besides. They do not kick their wives out of doors like drunken men, but their wives, I have no doubt, often wish they were outside of the house..." Consider using the nicotine patch or

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129095825833785052005-10-13T02:00:00.000-07:002005-10-15T17:43:42.733-07:00

"...I have noticed its effects on myself, having gone so far as to smoke ten or fifteen cigars a day; although I have not used tobacco during the last fourteen years, and never shall again. The more a man smokes, the more he craves smoking; the last cigar smoked simply excites the desire for another, and so on incessantly...""...Take the tobacco chewer. In the morning, when he gets up, he puts a

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129097827153772232005-10-13T01:00:00.000-07:002005-10-15T17:43:09.586-07:00

The good health golden rule applies to alcohol abuse too."...These remarks apply with tenfold force to the use of intoxicating drinks. To make money, requires a clear brain....""...A man has got to see that two and two make four; he must lay all his plans with reflection and forethought, and closely examine all the details and the ins and outs of business...""...As no man can succeed in business

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129418309695459622005-10-12T01:00:00.000-07:002005-10-15T17:42:01.970-07:00

Is not wise to pick a career that does not fit your personality, this is one of the main reason for failure in life. Some people choose the wrong career to please their parents or follow their foot steps.Barnum wrote:"...The safest plan, and the one most sure of success for the young man starting in life, is to select the vocation which is most congenial to his tastes. Parents and guardians are

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129418438875390492005-10-11T05:00:00.000-07:002005-10-15T17:41:43.526-07:00

After selecting the correct vocation, "...you must be careful to select the right location. You may have been cut out for a hotel keeper, and they say it requires a genius to 'know how to keep a hotel.' You might conduct a hotel like clock-work, and provide satisfactorily for five hundred guests every day...""...yet, if you should locate your house in a small village where there is no railroad

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129418560310085852005-10-11T03:00:00.000-07:002005-10-15T17:41:20.146-07:00

Don't fall into the credit trap. People "...starting in life should avoid running into debt. There is scarcely anything that drags a person down like debt. It is a mindless position to get sick, yet we find many young people, hardly out of his teens, running in debt. He meets a chum and says, 'Look at this: I have got trusted for a new suit of clothes.' He seems to look upon the clothes as so

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129418623618638852005-10-11T02:00:00.000-07:002005-10-15T17:40:54.546-07:00

Set a goal and stick with it."...When a man is in the right path, he must persevere. I speak of thisbecause there are some persons who are "born tired;" naturally lazy andpossessing no self-reliance and no perseverance. But they can cultivatethese qualities, as Davy Crockett said: -This thing remember, when I am dead: Be sure you are right, then go ahead-""It is this..." go ahead attitude "...

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129418664878835662005-10-11T01:00:00.000-07:002005-10-15T17:40:29.550-07:00

"...Work at it, if necessary, early and late, in season and out of season, not leaving a stone unturned, and never deferring for a single hour that which can be done just as well now. The old proverb is full of truth and meaning, 'Whatever is worth doing at all, is worth doing well...'"...Many a man acquires a fortune by doing his business thoroughly, while his neighbor remains poor for life,

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1128989527363242352005-10-10T17:07:00.000-07:002005-10-11T21:25:57.723-07:00

Frugality=economy"True economy is misapprehended, and people go through life without properly comprehending what that principle is. One says, "I have an income of so much, and here is my neighbor who has the same; yet every year he gets something ahead and I fall short; why is it? I know all about economy." He thinks he does, but he does not. There are men who think that economy consists in

staffwritersnoreply@blogger.comtag:blogger.com,1999:blog-17700302.post-1129419147662372682005-10-10T07:00:00.000-07:002005-10-15T17:39:54.236-07:00

"The eye of the employer is often worth more than the hands of a dozen employees. In the nature of things, an agent cannot be so faithful to his employer as to himself..." "...Many who are employers will call to mind instances where the best employees have overlooked important points which could not have escaped their own observation as a proprietor...""...No man has a right to expect to succeed

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129419261465063472005-10-10T06:00:00.000-07:002005-10-15T17:39:23.140-07:00

"...Men in engaging employees should be careful to get the best. Understand, you cannot have too good tools to work with, and there is no tool you should be so particular about as living tools. If you get a good one, it is better to keep him, than keep changing. He learns something every day; and you are benefited by the experience he acquires..." "...He is worth more to you this year than last,

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Young people "...after they get through their business training, or apprenticeship, instead of pursuing their avocation and rising in their business, will often lie about doing nothing. They say; 'I have learned my business, but I am not going to be a hireling; what is the object of learning my trade or profession, unless I establish myself?'''Have you capital to start with?''No, but I am going

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129419418835872392005-10-10T04:00:00.000-07:002005-10-15T17:38:40.796-07:00

Every parent should make his son or daughter learn some useful trade or profession, so that in these days of changing fortunes of being rich today and poor tomorrow they may have something tangible to fall back upon. This provision might save many persons from misery, who by some unexpected turn of fortune have lost all their means.

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129419550445278502005-10-10T03:00:00.000-07:002005-10-15T17:37:45.156-07:00

but don't be too visionary"...Many persons are always kept poor, because they are too visionary.Every project looks to them like certain success, and therefore they keep changing from one business to another, always in hot water, always "under the harrow." The plan of "counting the chickens before they are hatched" is an error of ancient date, but it does not seem to improve by age..."

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129419623536422992005-10-10T02:00:00.000-07:002005-10-15T17:37:10.116-07:00

Engage in one kind of business only, and stick to it faithfully until you succeed, or until your experience shows that you should abandon it.A constant hammering on one nail will generally drive it home at last, so that it can be clinched. When a man's undivided attention is centered on one object, his mind will constantly be suggesting improvements of value, which would escape him if his brain

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129419713739981332005-10-10T01:00:00.000-07:002005-10-15T17:36:39.366-07:00

People "...should be systematic in their business. A person who does business by rule, having a time and place for everything, doing his work promptly, will accomplish twice as much and with half the trouble of him who does it carelessly and slipshod. By introducing system into all your transactions, doing one thing at a time, always meeting appointments with punctuality, you find leisure for

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Read the newspapers"Always take a trustworthy newspaper, and thus keep thoroughly posted in regard to the transactions of the world..." "...He who is without" news "...is cut off from his species." "...In these days of" the internet and instant communication "...many important inventions and improvements in every branch of trade are being made, and he who don't consult the newspapers will soon

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129419823969732922005-10-08T16:42:00.000-07:002005-10-15T17:34:52.990-07:00

From richest to rags."We sometimes see men who have obtained fortunes, suddenly become poor...""...In many cases, this arises from overindulgence, and often from gaming, and other bad habits. Frequently it occurs because a man has been engaged in 'outside operations,' of some sort. When he gets rich in his legitimate business, he is told of a grand speculation where he can make a score of

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129421484061718612005-10-07T17:11:00.000-07:002005-10-15T17:34:28.156-07:00

I hold that no man ought ever to indorse a note or become security, for any man, be it his father or brother, to a greater extent than he can afford to lose and care nothing about, without taking good security.Here is a man that is worth twenty thousand dollars; he is doing a thriving manufacturing or mercantile trade; you are retired and living on your money; he comes to you and says:'You are

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129421572301869632005-10-06T17:11:00.000-07:002005-10-15T17:33:48.060-07:00

We all depend, more or less, upon the public for our support...We all trade with the public--lawyers, doctors, shoemakers, artists, blacksmiths, showmen, opera stagers, railroad presidents, and college professors. Those who deal with the public must be careful that their goods are valuable; that they are genuine, and will give satisfaction.When you get an article which you know is going to please

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129421638912818462005-10-05T17:13:00.000-07:002005-10-15T17:33:31.066-07:00

How to attract more customers.Sometimes a man makes himself popular by an unique sign or a curious display in his window, recently I observed a swing sign extending over the sidewalk in front of a store, on which was the inscription in plain letters,'DON'T READ THE OTHER SIDE'Of course I did, and so did everybody else..., and I learned that the man had made all independence by first attracting

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129421729615881202005-10-04T17:14:00.000-07:002005-10-15T17:32:51.946-07:00

Be polite and kind to your customersPoliteness and civility are the best capital ever invested in business.Large stores, gilt signs, flaming advertisements, will all prove unavailing if you or your employees treat your patrons abruptly. The truth is, the more kind and liberal a man is, the more generous will be the patronage bestowed upon him. 'Like begets like.' The man who gives the greatest

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129421786767851802005-10-03T17:15:00.000-07:002005-10-15T17:32:02.730-07:00

Of course men should be charitable, because it is a duty and a pleasure.But even as a matter of policy, if you possess no higher incentive, you will find that the liberal man will command patronage, while the sordid, uncharitable miser will be avoided.Solomon says: 'While some scatter, and yet increase; others withhold more than is meet, and it tends to poverty.' Of course the only true charity

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129422235900224222005-10-02T17:23:00.000-07:002005-10-15T17:31:29.826-07:00

DiscretionSome men have a foolish habit of telling their business secrets. If they make money they like to tell their neighbors how it was done.Nothing is gained by this, and often times much is lost.Say nothing about your profits, your hopes, your expectations, your intentions. And this should apply to letters as well as to conversation. Goethe makes Mephistopheles say: 'Never write a letter nor

staffwritersnoreply@blogger.com0tag:blogger.com,1999:blog-17700302.post-1129421926348006802005-10-01T17:17:00.000-07:002005-10-15T17:29:23.236-07:00

It is more precious than diamonds or rubies. The old miser said to his sons: 'Get money; get it honestly if you can, but get money:' This advice was not only atrociously wicked, but it was the very essence of stupidity: It was as much as to say, 'if you find it difficult to obtain money honestly, you can easily get it dishonestly. Get it in that way.' Poor fool! Not to know that the most

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