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Tip of the Day Pay Your Bills On Time

Pay Your Bills On Time - We all get behind on our bills every once in a while, but when it becomes a constant practice it starts to cost us...

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Fundamentals of Finacial Prosperity

Posted On: 2005-10-29Length: 14:19

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Hi this is Joan and this is Prosperity Show #10. And thanks for listening today. Our main site is prosperityplace.com where we teach people how to improve their relationship with money and themselves. And what I'd like to talk today is about the nuts and bolts of prosperity. I really get a little annoyed when I read prosperity literature. A lot of the millionaire books and they talk about changing your thoughts and doing affirmations and making treasure maps, and a lot of things that really will affect your financial outcome. But a lot of them also never talk about things like cash flow management, and tell you how you're going to keep track of your money. There seems to be this fantasy that if you do prosperity work, lots of money is going to suddenly show up and it'll just be there. And the fact is, in order to change your financial position, you need to do something different than you're doing now. For example, you have to find new ways of bringing in money. You have to either charge more for what you're doing, change how you're bringing money in, get paid more at work, create multiple streams of income. You have to create a way for the money to come into your life, and once it comes in there, it just doesn't plop into your life. It comes into your life and it needs to be taken care of. Money definitely does not take care of itself. It has to be watched over by human beings if it's going to perform well. Money more than anything else, loves to be counted. Loves when you count it and keep track of it. When you do that I would say it tells its friends and it brings more if them along. And it's amazing to me how many people have dreams of becoming wealthy or changing their financial position, and their current skill level with money is pretty minimal. As a matter of fact, more people that I talk to than not, suffer from what I call financial vagueness syndrome. Just the other day I was talking to someone who's had a business for around 10 years, and I said to her, well, can you break down what part of your income comes from various activities in your business, and she said no. And I said, do you keep your money in some sort of software? And she said no. And it was amazing to me that she wondered why she was having trouble financially with her business when she really had no control over her finances. People who are willing to be wealthy, and it does take a willingness, are willing to take care of their money. And it's not very sexy when you think about it. And it sounds like a chore to most people. But the...

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Definition of the Day Outstanding

Outstanding – the word outstanding in the investment and financial industry means   2 different things.  When talking about outstanding debt, it means the amount of debt not yet paid.  When the word outstanding is used when talking about securities, the word means the amount of funds that is in...

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