Are You a Genius Or A Gratification Groupie?
There is only one simple thing that differentiates you from those people who have the money you always wanted to have. It is not the connections you have, your skill, talent or even the things you own. It is the MINDSET.
What do I mean about mindset? The way you use your money immediately tells me if you are a Gratification Groupie or a Genius. Here is how I define those terms.
Gratification Groupie: Overspending is a habit and cash runs through your hands as quickly as it comes in buying stuff that you want rather than need. You think it is important to impress others with the material things you own. You follow the crowd and do what they do - shop, shop, shop, spend, spend, spend. You may give the appearance of having money, but you are drowning in debt that you cannot pay off. You look for ways to spend money, and spend your time deciding on things you would like to purchase instead of taking action to get out of debt and saving for your future financial survival. You are always worried about money.
Genius: Paying yourself first by investing part of every dollar that comes in the door for your future financial security is a first priority. You spend the rest of your money in ways that can help you produce more money for your financial survival. You methodically stash money away over time to purchase the things you really need, and you pay cash. Credit cards are seldom used, and they are paid off as soon as the statement arrives. You do not use your money to buy things to impress others or win popularity. You never worry about money.
What differentiates millionaires from the rest of the people? Very little. The only real difference is how they use their money when it comes in.
You see, It is not how much money you make, it is what you do with it that determines your financial condition. There is a simple system to managing your money the right way. Very rich people know this science.
If you really want to change your ways and convert from being a Gratification Groupie to a wealthy Genius and reach the goal of being financially free, here is the formula the Genius uses to manage the money when they make it:
1 - Put a minimum of 10% into an IRA for your future financial survival. Increase this percentage over time.
2 - Pay cash for everything, starting today. Knock off buying on credit.
3 - Use at least 15% of every dollar you earn to pay off debt and past due bills.
4 - Pay cash for your current necessities like the mortgage, utilities, and telephone.
5 - Base your spending decisisons on NEED rather than WANT. Buy the items you need that contribute to your ability to produce more income. Buy used instead of new. The instant you buy something it loses up to 80% of it's value.
At the risk of repeating myself unnecessarily, I am going to make this one very important statement again. It is not how much money you make, it is what you do with it that determines your financial condition.
What do I mean about mindset? The way you use your money immediately tells me if you are a Gratification Groupie or a Genius. Here is how I define those terms.
Gratification Groupie: Overspending is a habit and cash runs through your hands as quickly as it comes in buying stuff that you want rather than need. You think it is important to impress others with the material things you own. You follow the crowd and do what they do - shop, shop, shop, spend, spend, spend. You may give the appearance of having money, but you are drowning in debt that you cannot pay off. You look for ways to spend money, and spend your time deciding on things you would like to purchase instead of taking action to get out of debt and saving for your future financial survival. You are always worried about money.
Genius: Paying yourself first by investing part of every dollar that comes in the door for your future financial security is a first priority. You spend the rest of your money in ways that can help you produce more money for your financial survival. You methodically stash money away over time to purchase the things you really need, and you pay cash. Credit cards are seldom used, and they are paid off as soon as the statement arrives. You do not use your money to buy things to impress others or win popularity. You never worry about money.
What differentiates millionaires from the rest of the people? Very little. The only real difference is how they use their money when it comes in.
You see, It is not how much money you make, it is what you do with it that determines your financial condition. There is a simple system to managing your money the right way. Very rich people know this science.
If you really want to change your ways and convert from being a Gratification Groupie to a wealthy Genius and reach the goal of being financially free, here is the formula the Genius uses to manage the money when they make it:
1 - Put a minimum of 10% into an IRA for your future financial survival. Increase this percentage over time.
2 - Pay cash for everything, starting today. Knock off buying on credit.
3 - Use at least 15% of every dollar you earn to pay off debt and past due bills.
4 - Pay cash for your current necessities like the mortgage, utilities, and telephone.
5 - Base your spending decisisons on NEED rather than WANT. Buy the items you need that contribute to your ability to produce more income. Buy used instead of new. The instant you buy something it loses up to 80% of it's value.
At the risk of repeating myself unnecessarily, I am going to make this one very important statement again. It is not how much money you make, it is what you do with it that determines your financial condition.
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