The Five Lessons

I just finished a great little book entitled The Five Lessons a Millionaire Taught Me about Life and Wealth. It fits right in with a lot of other things I am focusing on right now. It was authored by Richard Paul Evans, bestselling author of The Christmas Box. To summarize the book, these principles are the keys for truly wealthy people throughout the ages, and if we follow the five lessons or principles, we will be free to focus on God, family, and relationships.

So, the five lessons are:

1. Lesson One - Decide to Be Wealthy
1. Thoughts become reality
   
2. Lesson Two - Take Responsibility for Your Money
1. Know how much money you have
2. Know where your money comes from
3. Know where your money is going
4. Know what your money is doing
   
3. Lesson Three - Keep a Portion of Everything You Earn
1. Start and Build a Nest Egg
4. Lesson Four - Win in the Margins
1. With Extra Income
2. With Savings
1. Mind-Set One - the Millionaire Mentality Carefully Considers Each Expenditure
1. Is this expenditure really necessary? (Or is it possible to get the same personal effect without using money or using less of it?)
   
2. Is this expenditure contributing to my wealth or taking from it?
3. Is this an impulse purchase or a planned purchase? Am I being pressured to make an expenditure I'm not certain about?
   
2. Mind-Set Two - the Millionaire Mentality Believes That Freedom and Power Are Better Than Momentary Pleasure
3. Mind-Set Three - the Millionaire Mentality Does Not Equate Spending With Happiness
1. The successful nest egger fosters gratitude as a strategy against materialism and unhappiness
   
4. Mind-Set Four - The Millionaire Mentality Protects the Nest Egg
1. Is the person I'm trusting with my wealth sufficiently skilled to handle my money?
   
5. Lesson Five - Give Back
1. Share what you have and what you know with others - it will come back to you multiplied
   

I'll post some links later for those who might be interested in more information along this line of conversation.