When you have worked in the financial services field for as long as I have; with over three decades of experience to form your belief system, you begin to understand the principles to prosperity.
The first principle is to think. Owning a prosperity mind-set helps to eliminate poverty or scarcity thinking, which can keep you stuck.
Second, is to see. To increase your prosperity, you need to adopt a ‘big picture’ perspective in which you can see how each one of your economic decisions affects all the others. Avoid ‘tunnel vision.’
Then, Measure. Always measure your opportunity costs. These are what your dollars could earn if you didn’t spend or commit them elsewhere. Awareness of opportunity costs enables you to create ways to recover those costs. Ignoring this is at your own peril.
Number four is ‘Flow’. The true measure of prosperity is cash flow. Don’t focus on just your net worth alone.
Five: Control. Those people with the gold make the rules. So, stay in control of your money rather relinquishing that control to others.
Six is “Move”. The velocity of money is the movement of dollars through assets. Movement accelerates prosperity; accumulations can slow it down. Avoid the stagnation in assets where dollars accumulate, but aren’t put into use.
Lastly, is to ‘Multiply”. Prosperity can come readily when your money “multiplies” meaning that one dollar does many jobs. Your money is disabled when each dollar performs one job.
Do you have a prosperity mindset? Let us help you discover if you’ve implemented the principles of prosperity for yourself.
[This information has been gathered from sources believed to be reliable, but Brooklight Place Securities, Inc. cannot guarantee the accuracy of this information or the reliability of these sources. This information in this Blog is not intended as legal or tax advice, consult your attorney or tax advisor regarding such matters.]