Home > Mom's Life > Family Finances > Family Budgets > Basic Rules for Financial Freedom: Make Wealth Happen

Slideshow Iconslideshows MORE

|

Basic Rules for Financial Freedom: Make Wealth Happen

5 of 15
businessmenandwomenworkinghard

You Have to Work Hard to Get Rich Enough Not to Have to Work Hard


I cannot emphasis how strongly I feel about this one. I watch and learn from the seriously wealthy and have reached the conclusion that in nearly every case, they worked like crazy to get where they are. They often started early. They worked late into the night. They sacrificed a lot. They didn't take long lunch breaks. They didn't waste time. They didn't watch television in the evenings. They worked their socks off. They knew money doesn't grow on trees.

Let me make one very important point here. This Rule does NOT mean that if you work hard at anything, you will become wealthy. An office cleaner on minimum wage will not become rich by working all hours as an office cleaner or by cleaning really hard and thoroughly. He might, however, become rich by starting his own cleaning company, working very hard at getting it off the ground and finding new clients, and making sure his staff is great, happy, and motivated.

What I'm saying here is that even if you've got a great business idea or have some money to invest in shares, you will only maximize your return if you work really hard at your idea or invest the money wisely and manage it carefully. You have to put the effort in before you can reap the dividends.

Next: Learn the Art of Negotiating

From The Rules of Money Copyright © 2007, FT Press. Used by permission of FT Press, and Pearson Education. All rights reserved.

To order this book, buy on Amazon.

stay connected

Sign up for our free email newsletters and receive the latest advice and information on all things parenting.

Enter your email address to sign up or manage your account.

Facebook icon Twitter icon Follow Us on Pinterest

editor’s picks

highlights

Join BIC on our mission to save handwriting and Fight For Your Write! Writing helps kids become better readers, boosts their confidence and sparks their creativity. Visit BICFightForYourWrite.com to sign our petition to save handwriting!

7 Tips for Reading Aloud to Babies & Toddlers
The AAP advises reading aloud to babies and toddlers because it boosts brain power and has many other benefits. Get some tips for making the most of story time with your tot!

Kindergarten Readiness App Wins Gold
Our Kindergarten Readiness app won the Gold Award of Excellence in the educational category at the 2014 Communicator Awards. This valuable checklist comes with games and activities to help your child practice the essential skills she needs for kindergarten. Download the Kindergarten Readiness app today!

How to Survive Summer Boredom
When the kids are home all day, every day, summer boredom strikes hard and fast. Learn the best summer boredom busters and tips for surviving until September.

12 Birthday Party Favors that Won't Get Thrown Away
The next time you're planning a birthday, forgo the penny candy and cheap toys. Send your guests home with one of these fun and creative party favor ideas!