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Credit is Wealth
 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Credit is Wealth Newsletter
June 2008 

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in this issue
Why Get Rich When You Can Be Wealthy?
The Worst Way to Increase Your Wealth
Live today to the fullest because tomorrow is not promised
 
Welcome to the June 2008 newsletter. 
There is some changes that will be happening later this month, that we are excited to let you know about. 
First we are going to start doing our newsletters on a bi-monthly basis.  There is so much information to be delivered to you. 
We are also changing our servers for our website, which will mean we will have a new company delivering our newsletters to you.  We will also have a new look on the website.  We will be offering more information to you so that you can be up to date, and learn more knowledge.
You will also notice that there is a place that you can go and see my blogs. 
Lastly in the next issue, I am going to make some announcements that I think you will find valuable.  So Stay tuned and watch for the next newsletter.
Getting rich is the main goal for a lot of people. That is unfortunate however, because there is something so much greater than simply the accumulation of money. Now don't get me wrong - I am not saying people shouldn't have large sums of money. In fact, I believe greatly in the power of money for good when in the hands of the right people. I think money is simply a tool that people can use to do great things - or bad things.

What is unfortunate is that so many people give up so much else in life in order to get those large sums of money.
First of all, let me explain my quote about rich fools. Just turn on the TV or read a popular magazine and you will find lots of rich fools. You will see people with tons of money but who have no happiness, have drug problems and who leave behind them a string of broken relationships. These people are rich, not wealthy.
Rich people are people with lots of money. Wealthy people are people who are rich in life. This would include financial stability and freedom, but goes deeper into spiritual health, emotional and relational health, and of course physical health.
I think getting rich is easy. It is simply a discipline that anyone can do if they so choose. There are many examples of people who have made very little money who have left vast fortunes. Spend less than you earn, save more than you spend. Put what you spend into an interest bearing investment. Do this over a long period of time and you will get rich.
Wealthy? That is something altogether different. I have found that in most cases you must give up some wealth to get the riches. I know many rich people and very few of them are people who I would call wealthy. Most of them sacrificed their families, their health or their relationships as they pursued the accumulation of riches. The fact is that it takes time to make money. And every moment of time you spend in the pursuit of money is a moment of time taken from something else that would make you wealthy in life.
So let me ask you: Are you on the fast track toward riches? Or are you on the long-track toward true wealth?
Are you being wise with your finances so as to secure long-term financial stability and independence? I hope so, because that is certainly a part of being wealthy.
Are you investing in those closest to you? I hope so! The fact is that when you lay on your deathbed, it won't matter how much money you have. The grim reaper doesn't need any more money and so he can't be bought with yours! The only thing that will matter are those faces that surround you, the looks of love they give you, and the memories you have of good times spent with them.
Are you taking good care of yourself physically? I hope so because if you don't, you won't get the mileage out of it that you were intended too! Physical health is part of being wealthy!
Are you taking care of your spiritual life? I hope so because I don't think there are any more important questions we can answer than those who's answers will play themselves out for eternity. In my mind, spiritual questions make all the others seem like child's play.
Are you taking good care of yourself emotionally? I hope so because it is your internal state that will give you the energy you are looking for to live long and the peace to enjoy that life of yours.
All in all, I have decided that I don't want to stoop to being rich. That is too low of a goal for me. I want to be wealthy - financially yes, but not to the exclusion of my body, soul and spirit. Not to the exclusion of deep and meaningful relationships with my friends and family.
How about you? Will you be rich or wealthy?Why Get Rich When You Can Be Wealthy?
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There are a lot of bad things you can do with your personal finances that will impede your ability to create wealth and retire rich. Take out too many loans, max out your credit cards, not diversifying appropriately... the list goes on.

But there the absolute worst thing a person can do that can have the greatest impact on their future wealth is not starting soon enough.
If you do not participating in accumulating money, you could be shorting yourself millions of dollars down the road, literally. Just a few extra years of investing added to a lifetime has a huge impact.
So where do you get started? If your company offers a 401k, there's no better option. You invest pre-tax dollars in a 401k, which means you end up paying less money in income tax. Secondly, if your not taking advantage of company matches to your contributions, you are leaving free money on the table. So try investing 10% of your income in your 401k and see how much that affects your ability to stay within your means.
If you find you could easily invest more and still have plenty of spending money left over, boost it up as much as you can. Just by maxing out your 401k you could have a million dollars accumulated in less than 15 years.
If your employer does not offer a 401k, simply set aside a fix amount of money every week or month, and deposit it in an IRA or a Roth-IRA, These retirement programs also offer great tax benefits that will allow you to keep more of your money.
Because of compound interest, the difference between someone who starts investing at 25 versus 30 is obscene. Get investing as quickly as you possibly can. If you already invest, work harder to invest more in order to reach your financial and personal goals quicker.
Learn the wealth creation strategies of the rich and reach your financial goals
 
One day a woman's husband died, and on that clear, cold morning, in the warmth of their bedroom, the wife was struck with the pain of learning that sometimes there isn't anymore. No more hugs, no more special moments to celebrate together, no more phone calls just to chat, no more 'just one minute.' Sometimes, what we care about the most gets all used up and goes away, never to return before we can say good-bye, say 'I love you.'

So while we have it, it's best we love it, care for it, fix it when it's broken and heal it when it's sick. This is true for marriage ... and old cars . and children with bad report cards, and dogs with bad hips, and aging parents and grandparents. We keep them because they are worth it, because we are worth it.
Some things we keep -- like a best friend who moved away or a classmate we grew up with. There are just some things that make us happy, no matter what.
Life is important, like people we know who are special. and so, we keep them close!
Suppose one morning you never wake up, do all your friends know you love them ?
And just in case GOD calls me home .....
I LOVE YA!!!

Live today to the fullest because tomorrow is not promised!
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