Today I wanted to bring you a really great article by Robert Allen. He is a master at creating wealth and is someone you should read a lot from. In fact I totally recommend you go out and get his books. I hope you enjoy!

The Seven Money Skills of Extremely Prosperous People By Mark Victor Hansen and Robert Allen Creating a million millionaires in a decade Making Them Yours Why do some people earn ten times more money in their lifetime than the rest of us? Do they work ten times harder? Are they ten times smarter? Of course not. The bottom line is that wealthy people are good at the seven following money skills. Anyone can learn them: Money Skill #1--Value. They value each dollar bill as a money seed. Just like a tiny acorn contains the power to grow into a mighty oak tree, each dollar has the power to grow into a mighty money tree. If you destroy an acorn, the oak tree inside also dies. So, too, with a money seed. Wealthy people know that a dollar a day can grow into a million dollars. So they are very respectful of every dollar they spend. Money Skill #2--Control. They control their money down to the penny. Prosperous people take a few extra steps every time they spend money: (1) They shop for the best value, (2) they ask for and expect a discount, (3) they examine their receipt for mistakes, (4) they attempt to turn each expenditure nto a legitimate tax-deductible business expense, (5) they balance their checkbook to the penny, and (6) they file their receipts upon returning to their home or office. These activities only take an extra minute of time but build long-term financial peace of mind. Money Skill #3--Save. Wealthy people love to save money by spending wisely. But they don't stop there. They save at least ten percent of what they earn. Money Skill #4--Invest. They have a system for investing their money. Imagine a series of buckets where money is siphoned from your main bank account. The first bucket is your emergency bucket. Let your 10 percent savings flow there first until you have at least three month's living expenses saved in an insured bank account. Once this first bucket is filled ! up, the stream of 10 percent overflows into one of three additional buckets--conservative investments, moderately aggressive investments, and very aggressive investments. Contact a reputable investment advisor to help you put your savings into these three types of mutual funds. The money should! be automatically deducted from your bank account so you never forget. Money Skill #5--Earn. Wealthy people are developing Multiple Streams of Income (MSIs) outside their job. Your direct-selling business is one example of a stream of income that provides immediate as well as long-term, residual income. But don't stop there! Seek out information on diversifying your income portfolio by developing additional streams of income outside your primary income source, such as real estate investments, stocks, Internet income or infopreneuring. The possibilities are endless. (Two recommended resources for learning about this Money Skill are: Multiple Streams of Income by Robert Allen and The One Minute Millionaire--The Enlig! htened Way to Wealth by Mark Victor Hansen and Robert Allen.) Money Skill #6--Shield. They protect themselves with trusts, corporations, limited partnerships, LLCs, and other legal entities. In truth, you don't want to be a millionaire. You want to live like a millionaire but have very few assets in your own name. Money Skill #7--Share it. They are generous, donating at least ten percent of their income. The secret is that money multiplies faster when it's divided. When you share freely, you prime the pump of the Universe. We encourage you to establish a legacy that will outlive you. Plant money trees from which others will harvest the fruit. This is true prosperity. Action Steps To Prosperity Take a look at the way you spend money by reviewing your check register and credit card statements. What two new spending behaviors are you committed to putting into practice immediately? If you have not established your emergency fund of three months income, arrange to have a specific amount deducted from your checking account each month and automatically deposited into a secure investment account. Get out your checkbook and write a check to a charitable cause that is near to your heart. If the money is not there today, date it for one week from today. The act of writing this check will begin to attract new opportunities that will enable you to honor your promise. ----------------------------------------------- Article by Robert Allen http://www.multiplestreamsofincome.com/ ----------------------------------------------- P.S. Have you heard about the TOPS program yet? ~ Discover how many are working from home and loving it ~ http://www.toponlineprofits.com/tops-123/index.html

Until next time,

Shelly MacDonald