Dr. Judith Gerhart, CFP
Certified Divorce Financial Analyst 
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More Money Lessons
January 4, 2009
#6: Take Advantage of Compound Interest. This is the gigantic pile of money that you can accumulate is you start saving just a few dollars a month.
#7: Buy a Home (with a fixed interest rate). The average homeowner has a greater networth than a rentor, because your house is considered an asset and something you can put equity into. Rentors only rent and the only people making money and building equity are the owners.
#8: Tithe. Give because you want to give… not because you have to. The more I study the rich, the more I’m convinced that many people who achieve great wealth have one thing in common: giving to others, even before they become rich. You will lead a much more abundant life when you give.
#9: You control your destiny or someone else will. Most of us were raised to go to school, earn good grades, and get a good job. This is not a formula for living richly. The rich invest in companies and become their own boss. Learn to an entrepreneur- this is the key to prosperity and security. This world needs more dreamers, more doers, more builders-and that means more entrepreneurs.
#10: Don’t repeat mom’s and dad’s mistakes. Think about how you’ve handled your finances over the years. What would you have done differently? Isn’t it time you made a change. If you keep doing what you have always done…you’ll keep getting what you have always gotten.
By Rachael Tiedeman
Posted by Judith Gerhart on January 4, 2009 | Permalink | Post a comment
Topics: Finance |
