The Rules of Money

How many times have you purchased a book with the intention of reading it soon after you've bought it, but let it sit for a time before actually reading it? Well, if you're like me, you have probably done that more than once.

I'm currently reading a book, which I bought several months ago. It is called "The Rules of Money." The title caught my attention, so I bought the book. After reading the introduction and the first few rules it reinforced what I believe is necessary for creating and building financial wealth. That is, you must understand what money is, and you must understand how it is acquired and accumulated. The "how" is the plan. But, to execute your plan you must first have set rules in place to guide and discipline your plan to its completion.

Before discussing a single rule, in the introduction to section one of his book, Richard Templer acquaints the reader with what money is. Have you ever considered what money really is? Is it the currency in your wallet or purse? "Moneyis a concept. You can't really see or touch it (unless you are holding a gold bar in your hand). You can only do that with some physical symbol of it like paper currency or a check. They are bits of paper, yes, but bits of paper with enormous power."

ANYONE CAN BE WEALTHY

Whenever Msn.com or Forbes.com lists the wealthiest people in the world one fact is clear, this is a group that is made up of people from all corners of the globe, and from all walks of life. There are Russians, Mexicans, Germans, Italians, Indians, Chinese as well as the British and Americans. Even thought they represent diverse cultures and ethnicities they all have one thing in common. They all have a plan and rules to enforce their plan. That's the common thread among the wealthy. They may be different in every way, but they all follow similar rules to create their wealth. And, they also possess an understanding about what money is. Money doesn't discriminate. Anyone can obtain it.

WHAT DOES WEALTHY MEAN TO YOU?

Before anyone can set the goal of being financial wealthy they must define what wealthy means for them. As the author says, 'you can't get anywhere without a destination', and your definition of wealthy is that destination. Mr. Templer has a friend that defines wealthy as living off of the interest that the interest on his money is making. That definition sets the bar very high. I define wealthy as having enough capital to do what I want, when I want, where I want for as long as I want. If I get to live off of the interest of my interest, well, let's just say that would be a bonus.

SET OBJECTIVES

Once you have a clear definition of what wealthy means, you now have a destination to strive toward, which you strive toward through the objectives that you set. Objectives are markers. They are milestones or goals. They mark scheduled goals that are achieved through the passing of time. Every journey is marked with milestones. The journey to your destination of wealth is no different. It must be marked with milestones. One such milestone is this very site that you're now on. The concepts for Wirespeed Wealth, and for the website, have been concepts in my mind for a few years now. The publishing of its blog is just one accomplished milestone on a journey that has many left to go. There will be more on the subject of Wirespeed Wealth.com in later articles. Establishing the blog was only a beginning. As the development of Wirespeed Wealth.com continues we will be referring to this book as well as other resources to move forward toward our goal of helping everyone who is interested in reaching their destination of wealth.

To become financially wealthy three things are necessary. To be financially wealthy you must understand what money is, you need a plan and you need rules to enforce your plan. This is the only difference between someone who is wealthy and someone who is not. The wealthy have these, do you?