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Tuesday, May 19, 2009

what's the difference?

I was listening to an"author" this morning. He indicated he is an entrepreneur not an author because he believes what he writes and not just report. He also indicated that he doesn't believe in financial magazines because they teach society entirely wrong.

In case you're wondering he has a successful financial book that guides you how to be rich.
  • He doesn't have a financial background
  • He boasts about his inability to write
  • He indicates he only wanted to tell a story

This entrepreneur says that living below your means is a misinformed concept that most financial experts try to embed in their audience.

I coach people to live within your means. To live within your means is to:

  • set a budget
  • not exceed your budget
  • enjoy your daily life while being conscious of your spending habits
  • have a leisure spending account that won't interfere with your household finances

To live below your means is to:

  • deprive yourself of your needs
  • become oblivious to your financial goals
  • inability to properly take care of household finances

As you see there is a huge difference between the two. Educating yourself will allow you to have a successful financial ability to move forward.



Be inspired,
Bahiyah Shabazz

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