Jack Canfield – Pay Yourself First

“You have a divine right to abundance, and if you are anything less than a millionaire, you haven’t had your fair share.” – Stuart Wilde

Hmmmm…..back in 2007 when I began working as a work-study student at college, I use to save EVERYTHING.  When I needed to move out of my apartment due to family transgressions, NO PROBLEM!

When I had emergencies, NO PROBLEM!

When I had the idea at just past 12am on a very early May morning in 2009 to fly to Australia, I checked my bank account and realized I had enough money for the plane ticket, and 100$ spending money per day.

But….WHAT IF I wasn’t an aggressive saver?

Some of you reading this right now are also thinking about your future in terms of saving and where to go next with ROTH IRA’s and 401k’s.

You’re going to have to learn to pay yourself first.

Jack Canfield wrote in his book about George Clason who wrote a book  called “The Richest Man In Babylon” – one of the great success classics of all time.  It’s basically a fabled story of a man named Arkad, just a simple kid who convinced his client, a money lender, to teach him the secrets of money.

The first principle the money lender tAught the kid was “a part of all you earn bus the yours to keep.”  He goes on to explain that by first putting aside at least 10% of his earnings – and making that money INACCESSIBLE for expenses – Arkad would see this amount build over time.

Many people have built their fortunes by paying themselves first.  It’s as true and effective today as it was in 1926.

Podcast – https://www.spreaker.com/episode/9591625

Tony Robbins – Money: Master The Game – Ending of Chapter 1.3

“If you don’t want to work, you have to earn enough money so that you won’t have to work.” – Ogden Nash

Welcome to the money series, people! On top of the other series that I have (Lisa Nichols – Abundance Now; Stephen Covey – 7 Habits of Highly Effective People; Jack Canfield – The Success Principles), this is the one about money, savings, mutuals, investments, among so many other things.

Tony Robbins, the guru (I believe) in the financial field, has an extremely good book in terms of how to invest and where to put your money.

I’ve already done a number of podcasts on here that could be found at – https://itunes.apple.com/us/podcast/the-arsenio-buck-show/id1181794790?mt=2

So before diving into this, I highly suggest you getting a rundown of what this book about.

Without further ado, we were suppose to come up with a number in mind about putting together a monthly withdrawal and putting it into a tax-free mutual fund or 401K.

Did you come up with that number? 5%? 8%? 10%? 20%?

What if you don’t have a number in mind to put towards compounding? What’s holding you back?  I can tell you. It feels like you’re losing something.  If it’s not being used today towards the materialistic world, you think you’re losing money, or will keep losing money for the next 10-20 years.

That’s the thing about humanity.  If we feel like we’re not getting it now, we won’t do it.  That’s why so many people don’t save and invest; however, you’re giving yourself a peace of mind and setting up a large fortune of return in the future.

But for those of you who do have a number, look at the following picture.

image1

Tony Robbins has recommend not going any lower than 10%.  If you look at the picture above, that’s the reason why. If you save as little as 3.5%, the returns are small.  However, if you save over 10%; let alone 13+%, the returns are MASSIVE.  You could go from buying a pair of shoes to a buying a sports car.

Ofcourse, you’ll still need to “earn” that little raise from your boss who probably won’t give it to you, but if you do achieve a raise, put that small percentage on top of what you’re already investing.

If you’re new to this, you can message me with any information @ArsenioBuckShow (twitter) or my Facebook page: The Arsenio Buck Show and ask me any questions you’d like.

Until then, begin following this process to financial freedom with the rest of my listeners from around the world.  If you want to hear the podcast, copy and past the link below.

Podcast – https://www.spreaker.com/episode/10228209

Multiple Sources of Income

Good afternoon, everyone, and welcome to my first blog post.

My name is Arsenio Buck and this blog (soon to be a website) is designed for people who are looking for a breakthrough in their life.  People who are and have been in endless slumps within their lives – health, wealth, personal development, hobbies, relationships, etc.

Along with this blog there will be a podcast episode where I talk about this specific blog for anyone who’s interested and the link will be provided below.

Without further ado, I’m going to talk about MSI’s today (Multiple Sources of Income).

                                                INCOME FROM MULTIPLE SOURCES

                                                             MSI is not another JOB.

                                                             MSI is not a better JOB.

                                                              MSI is not even a JOB.

This is simply creating and adding a source of income to your primary source of income.

First, let me ask you a question.

When times get rough, you lose your job, you have an unexpected expense towards your car…have you ever found yourself asking other people for money to pay off your own debts or to even buy food?

All of us have had these moments before in our life.  When times got rough for me here in Thailand, I was literally sitting at the end of my bed wondering how am I going to get through the week with just 10-20$ USD at hand.

Going back to my earlier days where my mother had to cook flour tortillas in oil for dinner just so we can get by.  After these struggles come, we subconsciously train our mind to never allow them to happen again.

This is the best way to do that. When the primary source of income goes obsolete, we can rely on other sources of income to keep us afloat.

You shouldn’t have to exchange time for these.  Look at it this way – wouldn’t it be wonderful if you were making money while sleeping?

There are a number of ideas such as….

  • publishing a book that’s available under public domain
  • invent something that’s needed in your community
  • have an online store
  • networking marketing companies
  • market something for someone else
  • franchise something

You can get creative with MSI’s, and they all have one thing in common – they all flow right into your bank account.

I know artists who actually make covers for books.

I know a lot of Thais and Indonesians who have online, exporting and importing businesses in terms of fruits, clothing and other miscellaneous things that make them a fortune.

The majority of the ultra-successful out there in the world just don’t have one source of income.  They have a variety of them.  This is one of the most brilliant ideas out there and just look at it this way, the more you give, the more opportunities you get.  Get involved and start to become a learner in a variety of different fields and see what other ‘average joes’ are doing to make an extra buck. I would recommend watching Bob Proctor and I even have a podcast that pertains to this blog down below.

Get with it!

Podcast – https://www.spreaker.com/episode/10205851