It's Your Future - Digital Education Edition v1 | Page 61
RULE #17
Learn to respect and
manage your money
H
ow do you view money? Money is to be looked at as a seed.
Let’s take a look at an apple seed, for example. An apple seed
is amazing because each seed possesses the ability to produce an innumerable amount of apples. We cannot possibly know the
amount of apples that one seed will end up producing. In the same manner, see your money as a seed that cannot be wasted or thrown away.
If you have a desire to be financially free then you must grab a hold of
this principle.
Look around and look at these horrible businesses that allow you to borrow money on a paycheck that you have not yet received ("Cash Today"
or "Cash Right Now"). Remember, the borrower becomes a slave to the
lender. Owe no one. Learn to be a master of your money.
Good advice for any young aspiring entrepreneur given by Jim Rohn
is to learn to never spend more than 70 cents of every dollar you earn
or are given. Here is the breakdown of what you are to do with the remaining 30 cents:
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