The most benevolent people in the world typically happen to be the most generous, and it’s no coincidence. Consider Carnegie’s wonderful contributions to libraries and Bill Gates’ donations to education systems and (inter)national disasters and you will instantly recognize the glory of shared wealth. These benefactors know part of money’s power lies in being distributed. There exists a supernatural force that returns that money in multiples to givers time and time again.

This wraps up the Money Skills shared in One Minute Millionaire.

Truly prosperous people have discovered the value of being able to protect their money. They go through great lengths to secure what they have earned. They use insurance, partnerships, corporations, trusts, and other methods to limit their liability. They know that their resources require shelter, and will do whatever is necessary to shield their money.

Using Multiple Streams of Income, wealthy people are able to earn more money at a greater rate. Having multiple streams of income frees a rich person or millionaire from having to rely solely upon one source of money. Being empowered by these cashflow creeks they’re able to continue to produce real wealth constantly and simultaneously.

Wealthy people have a system for investing. First, they use a system to create some savings for security, 3 to 9 months worth of expenses. They’ll have this money invested in an insured bank account that earns interest. They’ll then continue to use the same system to provide funds to investments, deciding which type of investments suits them best. Continuing to use this system indefinitely provides a continuous stream of cashflow.

The financially intelligent save money. They save at least 10% of their earnings. In this way, they’re paying themselves first.

The truly wealthy people control every cent. Fortunate people practice a few extra steps before deciding to spend money. These include:

• Shop for the best value
• Demand a discount
• Audit reciepts and invoices to verify correctness
• Use legitimate tax benefits when possible
• Balance their checkbooks regularly
• Immediately file reciepts of purchases to be able to refer to them later

Making these additional steps a habit and using them before each expenditure will bring us one step closer to being prosperous. We will actually be modeling the wealthy and leveraging the prior experience of the opulent to our benefit.

A wealthy person understands the value of their money. They realize that money is a symbol of power. They also value each dollar as a seed and see that a tiny little seed can grow into large quantities of money. Like a seed, it has to be nurtured and receive care. Eventually that seed will bear fruit and they will be able to feast from the yield in the future. Because of this foresight, they respect the dollar the way that it should be.

Seven Money Skills Of Extremely Prosperous People

I found this in One Minute Millionaire. These are the seven money skills that wealthy people possess.

• Value
• Control
• Save
• Invest
• Earn
• Shield
• Share It

Of course there’s more to it than these few words listed on some web site or in a book. It takes actually having these in our character, and using them to our betterment. Over the next 7 days, I’ll be going into further detail on each of these skills, so please stay tuned.