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The 13 Absolute Laws of Money
McReggae
#1 Posted : Thursday, August 06, 2009 7:38:00 AM
Rank: Elder


Joined: 6/17/2008
Posts: 23,365
Location: Nairobi
I found this absolutely important and thought to share it here at SK!!!
The 13 Absolutely Unbreakable Laws of Money (by Brian Tracy)
1. The Law of Abundance: We live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition.

2. The Law of Exchange: Money is the medium through which people exchange their labor in the production of goods and services for the goods and services of others.

3. The Law of Capital: Your most valuable asset,in terms of cash flow,is your physical and mental capital,your earning ability.

4. The Law of Time Perspective: The most successful people in any society are those who take the longest time period into consideration when making their day-to-day decisions.

5. The Law of Saving: Financial freedom comes to the person who saves ten percent of more of his income throughout his lifetime.

6. The Law of Conservation: It’s not how much you make,but how much you keep,that determines your financial future.

7. Parkinson’s Law: Expenses always rise to meet income.

8. The Law of Three: There are three legs to the stool of financial freedom: savings,insurance and investment.

9. The Law of Investing: Investigate before you invest.

10. The Law of Compound Interest: You become financially independent by investing your money carefully and allowing it to grow at compound interest.

11. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.

12. The Law of Attraction: The more money you save and accumulate,the more money you attract into your life.

13. The Law of Acceleration: The faster you move toward financial freedom,the faster it moves toward you.

What do you think???


The chief value of money lies in the fact that one lives in a world in which it is overestimated.
..."Wewe ni mtu mdogo sana....na mwenye amekuandika pia ni mtu mdogo sana!".
ecstacy
#2 Posted : Thursday, August 06, 2009 7:53:00 AM
Rank: Elder


Joined: 2/26/2008
Posts: 4,449
I agree with most...but..explanation for the first one in my view is flawed..'sufficient money for all who really want it '....rich class..poor class..the latter will by design exist to serve the former
mwenza
#3 Posted : Thursday, August 06, 2009 8:02:00 AM
Rank: Elder


Joined: 4/22/2009
Posts: 2,863
Law No. 14

Never show your money to a woman who is not your wife


WOULD RATHER DIE FIGHTING 4 MY RIGHTS THAN LIVE FOREVER WITHOUT ANY RIGHTS
IF YOU EXPECT ME TO POST ANYTHING POSITIVE ABOUT ASENO, YOU MAY AS WELL SIT ON A PIN
emem
#4 Posted : Friday, August 07, 2009 2:41:00 PM
Rank: Member


Joined: 1/11/2007
Posts: 10
@ectasy,it is because of believing that they exist to serve that they exist to serve...,

True nobility lies in being superior to your former self.
obiero
#5 Posted : Thursday, February 21, 2013 9:42:21 PM
Rank: Elder


Joined: 6/23/2009
Posts: 13,497
Location: nairobi
interesting read

HF 30,000 ABP 3.49; KQ 414,100 ABP 7.92; MTN 23,800 ABP 6.45
ChessMaster
#6 Posted : Thursday, February 21, 2013 9:55:13 PM
Rank: Elder


Joined: 2/23/2009
Posts: 1,626
I'd sum it up to two laws - the Law of Capital and the Law of Three.
Uncertainty is certain.Let go
For Sport
#7 Posted : Friday, February 22, 2013 7:16:33 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
mwenza wrote:
Law No. 14

Never show your money to a woman who is not your wife


S

Laughing out loudly Laughing out loudly Laughing out loudly
So how will she become your wife?
For Sport
#8 Posted : Friday, February 22, 2013 7:25:56 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
No.7. Expenses rise to meet income.
It's why some people never quite get financial freedom.
Wanting a better phone or better car or to move to a better neighbourhood simply because your pay rise / increased income can accommodate it.
Money that's just lying around will always find some use.

@Mcreggae, unafanya nini pande hii?
youcan'tstopusnow
#9 Posted : Friday, February 22, 2013 10:31:41 AM
Rank: Chief


Joined: 3/24/2010
Posts: 6,779
Location: Black Africa
For Sport wrote:
No.7. Expenses rise to meet income.
It's why some people never quite get financial freedom.
Wanting a better phone or better car or to move to a better neighbourhood simply because your pay rise / increased income can accommodate it.
Money that's just lying around will always find some use.

@Mcreggae, unafanya nini pande hii?


Angalia date. This was a 2009 post.smile
GOD BLESS YOUR LIFE
For Sport
#10 Posted : Friday, February 22, 2013 10:41:04 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
youcan'tstopusnow wrote:
For Sport wrote:
No.7. Expenses rise to meet income.
It's why some people never quite get financial freedom.
Wanting a better phone or better car or to move to a better neighbourhood simply because your pay rise / increased income can accommodate it.
Money that's just lying around will always find some use.

@Mcreggae, unafanya nini pande hii?


Angalia date. This was a 2009 post.smile

Totally missed the date....certainly explains it
Rahatupu
#11 Posted : Friday, February 22, 2013 11:19:36 AM
Rank: Veteran


Joined: 12/4/2009
Posts: 1,982
Location: matano manne
For Sport wrote:
No.7. Expenses rise to meet income.
It's why some people never quite get financial freedom.
Wanting a better phone or better car or to move to a better neighbourhood simply because your pay rise / increased income can accommodate it.
Money that's just lying around will always find some use.

@Mcreggae, unafanya nini pande hii?
.

I think the point is more on enterprise expenses rising to meet income rather than personal expenses. Why would you move neighbourhoods just because your income has rises?
This is where we miss it. Most successful individuals let their ratio of income to expense rise by the highest margin before their own expenses rise.
tycho
#12 Posted : Friday, February 22, 2013 2:47:51 PM
Rank: Elder


Joined: 7/1/2011
Posts: 8,804
Location: Nairobi
McReggae wrote:
I found this absolutely important and thought to share it here at SK!!!
The 13 Absolutely Unbreakable Laws of Money (by Brian Tracy)
1. The Law of Abundance: We live in an abundant universe in which there is sufficient money for all who really want it and are willing to obey the laws governing its acquisition.

2. The Law of Exchange: Money is the medium through which people exchange their labor in the production of goods and services for the goods and services of others.

3. The Law of Capital: Your most valuable asset,in terms of cash flow,is your physical and mental capital,your earning ability.

4. The Law of Time Perspective: The most successful people in any society are those who take the longest time period into consideration when making their day-to-day decisions.

5. The Law of Saving: Financial freedom comes to the person who saves ten percent of more of his income throughout his lifetime.

6. The Law of Conservation: It’s not how much you make,but how much you keep,that determines your financial future.

7. Parkinson’s Law: Expenses always rise to meet income.

8. The Law of Three: There are three legs to the stool of financial freedom: savings,insurance and investment.

9. The Law of Investing: Investigate before you invest.

10. The Law of Compound Interest: You become financially independent by investing your money carefully and allowing it to grow at compound interest.

11. The Law of Accumulation: Every great financial achievement is an accumulation of hundreds of small efforts and sacrifices that no one ever sees or appreciates.

12. The Law of Attraction: The more money you save and accumulate,the more money you attract into your life.

13. The Law of Acceleration: The faster you move toward financial freedom,the faster it moves toward you.

What do you think???


The chief value of money lies in the fact that one lives in a world in which it is overestimated.


I have read the laws to a group and evryone is in agreement!!!

Thank you!!!
Ngong
#13 Posted : Friday, February 22, 2013 3:47:38 PM
Rank: Veteran


Joined: 11/17/2012
Posts: 1,461
Location: Ngong Forest
This is time well spent than siasa!
mtu wa reggae you have a fanatical following,spend more time this side and SK [Politics] wil die a natural death!
King G
#14 Posted : Friday, February 22, 2013 5:14:58 PM
Rank: Elder


Joined: 6/20/2012
Posts: 3,855
Location: Othumo
Ngong wrote:
This is time well spent than siasa!
mtu wa reggae you have a fanatical following,spend more time this side and SK [Politics] wil die a natural death!


Breaking news on investments.
Thieves
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