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Total Losers guide to finance, and investing.

My first total loser guide is on money, and investing. I have spent years reading books, and studying the subject, and have learned quite a bit about it. I will be sharing with you what I have learned, as well as recommending books that will help you on your way to financial freedom.

Total Losers Guide to wealth, and financial freedom.

How well do you like your Job? If you won a few million dollars in the lottery after taxes, would you continue to work at the job you have now? I believe most people today do not like what they do for a living. They are only there because they need the money. I would also go so far as to say that, most employers pay their workers just enough not to quit, and most employees work just hard enough not to get fired. If you have to work because you need the money, then your employer is in control of your life. They tell you, what to do, when to start, when you can take a break, when you can have a lunch, and when you can go home. In most cases they even tell you when you may have a vacation too. They determine how many hours a week they will allow you work, so you have no control over a dependable paycheck. How does that make you feel?

Sorry guys I can’t go out tonight, I have to be at work early in the morning... I’d like to go, but I have to work tomorrow. I am sure you can think of many others, and can also think of a thousand other things you would rather do in the morning then go to work.

Do you want to do something about it? More importantly will you do something about it?

I know some of you may be saying that it is part of life, and we should get use to it. If that is the case then stop reading now, and live the rest of your life saying, “Yes master…. Right away sir… As soon as possible…” For the rest of you, I have a few strategies to help change that. It wont happen over night. It takes time to build the kind of wealth that allows you to tell your boss to, “Take this job, and shove it.” Every step you take though is one step closer to freedom.

My a wise old man once told me the ultimate freedom is being able to wake up naturally, and I tend to agree with him. I don't know about you, but I curse my alarm clock every morning when it goes off. Sure if my alarm goes off at five in the morning to go fishing I don't mind, but to get up for work every day is a different story. Being able to live comfortably off my investments is the freedom I seek. If that is the freedom you seek too then read on, and I will share with you what I have learned.


I have read countless books on investing. Some of them were garbage, and some were quite helpful. Before I started my education into the subject, I didn't know what a mutual fund was. Now I could tell you about the different types of funds and the fees that they charge as well.

I think the best book I have ever read on the subject is "The Richest Man In Babylon." by George S. Clason. In fact a lot of books that I have read refer to that book.

Written in 1926, the book contains several parables based on 5000-year-old text written on clay tablets that tell the story of how the people of Babylon lived, and became one of the richest nations in the world. The lessons taught 5000 years ago still hold true today. If you follow what is taught in that book the inescapable result will be a lifetime of financial security for you. In my opinion most other books teach you what to do with the info learned in that book. This guide is no exception. Check it out on Amazon here The Richest Man in Babylon

So where do you start on your journey to financial freedom? I am glad you asked that question. Robert Kiyosaki in his Rich Dad, Poor Dad books says you should, "Mind your own business." (Not someone else's.) To me that means that you should run your financial life like a business. Any business has to make more money then they spend to stay in business, and you must run your financial life the same way.

The first thing you need to do is find out how much money you have coming in, and how much you have going out of your life. The only way to do that is to write it down. You must write down every penny that you spend, lose or give away. Every penny that goes out of your life must be accounted for. I know it sucks, and it is boring, but it is necessary. (What sucks more doing this, or having to get up, and go to work every day just to pay your bills?) Not only is it necessary to write it down, you also need to categorize it, so you know exactly what you spent it on. At the end of the month you put all your figures into a chart so you know exactly how much you spent on various things such as fast food, entertainment, clothing, etc. I think you will be surprised as I was how much money is being wasted each month.

To me it is a very simple formula spend less then you earn, and invest the difference. It is much easier to spend less then it is to earn more. If you earn more money, then you have to pay taxes on it. (Unless you own a business, and know how some things can be written off on your taxes.) You also pay taxes as you spend your money. You are not taxed for being a wise consumer. Ben Franklin said, "A penny saved is a penny earned." Actually a penny saved is a penny earned, TAX FREE.

With the aid of your chart you know where all of your money is being spent, and can take control of where it is all going. Find ways to reduce your spending to gain your freedom. Instead of ordering a pizza, get one at the store, and cook it yourself. Instead of going out partying every weekend pick one weekend a month, or every other weekend, and just relax at home watching television, or playing a game with friends. I know you are saying that you work hard, and deserve to treat yourself to something nice, but don't you also deserve to have freedom from having to slave away just to live week to week. Don't you think you deserve to start investing so that your investments can one day pay your monthly bills for you, so you can have the freedom to live your life the way you want?

Right now go get your last pay stub, and look at your take home pay, and divide it by the hours you worked. This is how much you make an hour. Every time you spend that amount of money, you are trading what you spent it on for an hour of your freedom. Now whenever you spend your money, ask yourself, "Is this worth X amount of time of my freedom?" To Be continued...

Find other great books about investing on Amazon here Investing

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