Building Real Wealth Part 6

TREAT A CENT AS YOU WOULD TREAT ONE MILLION DOLLAR

Track and control your expenses first as stated in the earlier parts, people who cannot track and control their expenses cannot build Real and Lasting Wealth. Now if you really desire to build Real and Lasting wealth you must as a matter of fact treat a cent with the same degree of respect you would treat a million dollar. Because God does not tolerate waste in any form He will hold you accountable for every cent that He permitted to pass through your hands, I tell you wealthy people treat a cent with the same degree of respect they would treat a million dollar.

There is a wise saying that says: "There are many nerves in the human body, but the most sensitive is the one that leads from the brain to the pocket book". That is the more reason why you should keep records of your financial expenditure properly. Do not put these records in your memory as your memory is meant for imaginations and not for keeping financial records. If you read the book of Habakkuk in the Holy Bible, we were asked to write down our vision and make it plain to people.

You cannot acquire Real and Lasting Wealth until you learn to document every cent you spend and track the trend of your expenses.

The same thing applies to every income that comes your way, you must document the source and dates. It's only by writing your expenses down and analysing them that you can know whether you are spending your money on the right items or not. By writing your income and expenses, you can prepare a personal financial balance sheet which will be a snapshot of your financial status at any given point in time. By writing down your transactions, you can prepare an income statement which will enable you match your expenditure with your income, with this you can easily determine if you are approaching the red signals.

God wants us to have complete control over the money He had given us , hence if you loss control over money, you have lost control over this vital item which God had given to you. It is an offence to God for you to allow any money He had allowed to pass through your hands to waste . The point is this , if you are not faithful or thrifty with a cent , you cannot be faithful or thrifty with one million dollars. There is not an informed Millionaire that does not respect the smallest denomination of his/her currency the way he/she would respect the highesdenomination. Money as I said is a spirit and it flows in the direction of those that knows how to treat it. When misused or abused will fly away. Again working with a financial record keeping mentality is the greatest antidote to impulsive spending. Always create a list of your shopping with a budget before you go to buy and try as much as possible to stick to your list.