Robert Kiyosaki of Rich dad.com Explains Ponzi Schemes

We have all heard of Madoff ripping off his clients for $50 Billion and  is serving time for his crime deservedly so.

Robert Kiyosaki writes a great article explaining what a Ponzi scheme is and how you may be involved in one and not know it.

Read. Learn. Check it out,

http://www.richdad.com/Resources/Rich-Dad-Financial-Education-Blog/December-2012/Rich-Dad-Ponzi-Schemes.aspx

Are You In Debt?

I am. I was going through the first page of David Neagle's Money Map book
and I looked at everything I was paying and it was ALL Debt. I said, "Damn"--
that is not good. I appreciate David' s book because it helped me really see where I am at financially compared to where I want to be. I am pissed at myself for allowing  myself to get into this situation.

Since I am taking 100 percent responsibility for my life, I won't complain. I will pay off this debt and take steps to increase the cash flow in my life by learning how to  build a successful business and not get in bad debt ever again. No more credit card and doodad debt for me.

 I realized that as long as I was paying off Debt, I was NOT building Wealth. I' d much rather be doing that; wouldn't you?

Whether you want to own a business or not, you should take control of your finances and check out David Neagle' s Money Map or David Bach or Suze Orman, Michelle Singletary or whoever has debt payment -- how to -- info you can put into action.
 You won't be sorry.

To your Health and Wealth,

Do you know how much it Costs for the Life you and your Family are Living?

Well, do ya? When was the last time you sat down and took a piece of paper
 and added up your bills on an ANNUAL basis?  Well thanks to David Neagle of www.lifeisnow.com, and his Money Map, I did that today and WOW. It was so telling. It helps you to see how you're living and what you are spending.

This tool is used by entrepreneurs but I would encourage anyone who spends money, has a family, etc. to do this exercise. It showed me what I value and forced me to look at what I am spending my money on and ask do I really need that?

If you're curious or serious, check out the Money Map. You will be surprised but empowered too!

To your Health and Wealth,

Pay Yourself First

Do you pay yourself first or do you pay your bills first and then try to save from what is leftover?

Unfortunately, most of us do and this is NOT the way to build wealth or prepare for that rainy day.

Frankly, if you don't pay yourself first then why are you going to work everyday?

Please don't say to pay your bills. Paying your bills cannot be the only reason you
go to work.

It doesn't take a lot of money to do this but do this you must in order to have control over your finances and to build wealth.

Start small if you have to. Most people say to pay yourself ten percent, David Bach says women should pay themselves 12%. I have started paying myself 20% of every piece of money that I get. But I must confess it has not always been like this. I was petrified to pay myself anything at all. I used to feel that pain in the pit of my stomach when I first started to pay myself. I decided to keep doing it because I knew it would be better for me so I continued to do it and now it is so empowering to know that I have money when I need it. You have to create the habit of paying yourself first.

If it feels funny at first, that's ok push through that feeling and keep doing it. It won't be long before you will look forward to paying yourself.

Remember, you and your family are a living corporation known as a family and you have to pay your corporation family.

Do it! You won't be sorry.

To Your Wealth!