THE MYSTICAL, MAGICAL TRUTH ABOUT MONEY
THE MYSTICAL, MAGICAL TRUTH ABOUT MONEYWADE B. COOK THIS ARTICLE WAS EXCERPTED FROM TURBO MONEY
To get started, let’s just assume a truth about you and money. You want to be wealthy. You want to succeed. To you the word rich is not a bad four letter word. I presume that is why you are here reading this book. If we can’t settle on that truth, there is no way this chapter and this book will be of service to you. Truth is vastly important. Why? Because as one man said when discussing the maxim: “Honesty is the best Policy,” it is true because there is so little of it. I won’t be quite that skeptical, but there truly is power in truth telling. If you seek the truth then so many things make sense. Knowledge changes as the years pass by. From medicine to space, from raising kids to underwater exploration; from vacations to vocations—like making money—there is an elasticity to knowledge. There is no such elasticity to truth. Truth gets awash in our own preconceived perceptions and opinions. That is why the first thing we all must do is focus our attention on gathering facts, prioritizing them and making and implementing better decisions. Let me give you a short financial truth right now. What you think about it is more important than the statement itself. Here it is. There are many people selling this or that tax shelter. They have products for sale. This is how they make a living. They profit from what you buy and do. This author says that the greatest tax shelter in the world is to make more money. It’s so much easier and so much more profitable and so much more fun. What do you think about this? There are three benefits of owning things, like investments and businesses. They are Cash Flow, Tax Write Offs and Growth. Which one is important to you? This is your truth. Each of these benefits is designed to solve a problem, but most people need more cash flow. How about you? Shortly we will use some numbers associated with making money. You will enter this discussion as you enter the investment or business bus station of life. You’ll look at this or that bus and determine, is the signage right, is the bus in good shape—in short, will it get me to where I want to go? How does the bus driver look? If the bus breaks down or has to travel on detours and pitted roads is it road-worthy? How safe do I feel?
TO BE CONTINUED