Warning: Use of undefined constant referer - assumed 'referer' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 102

Warning: Use of undefined constant host - assumed 'host' (this will throw an Error in a future version of PHP) in /usr/home/essaywo/public_html/essays on line 105

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 106

Warning: Cannot modify header information - headers already sent by (output started at /usr/home/essaywo/public_html/essays:102) in /usr/home/essaywo/public_html/essays on line 109
Debt Free Prosperity - College Paper

Debt Free Prosperity


The Four Laws to
The object of this book is to teach people how to manage their money in order to stay out of debt and plan ahead for the future. This book goes over several suggestions or “laws” but focuses on four main ones.
To work with the other “laws” you must first learn and master the first which is “Tracking” daily expenses. By doing this one sees how to ease financial problems by finding money that slips through the cracks. If one pays attention to every detail of what they are spending they can not help cutting back on frivolous spending when they see how unnecessary spending money on that really is.
The second law is “Targeting” your goals. By targeting your goals you will ...

Want to read the rest of this paper?
Join Essayworld today to view this entire essay
and over 50,000 other term papers

you set up a standard of living which is lower than your level of income rather than at the limit of credit worthiness. Once one starts living on less than they earn they pay themselves to accelerate debt payments and then to build wealth. If one takes out, at the beginning of the month, 5%, 10%, or even 15% identified as surplus to reduce debt that forces one to live on what is leftover.

The fourth and final law is “Training”. This law deals with investing money after out of debt so it may earn interest and set one up for retirement. If a person invests their money wisely when they retire after working hard their whole lives, they could live off the interest alone depending on how much they invested in the first place. What is meant by the word training is that people should learn about all the different kinds of investments and which one or several are best for them.

The basic, overall views of all four laws are thus as follows:
The first law: track daily ...

Get instant access to over 50,000 essays.
Write better papers. Get better grades.


Already a member? Login


CITE THIS PAGE:

Debt Free Prosperity. (2005, March 17). Retrieved December 23, 2024, from http://www.essayworld.com/essays/Debt-Free-Prosperity/23844
"Debt Free Prosperity." Essayworld.com. Essayworld.com, 17 Mar. 2005. Web. 23 Dec. 2024. <http://www.essayworld.com/essays/Debt-Free-Prosperity/23844>
"Debt Free Prosperity." Essayworld.com. March 17, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/Debt-Free-Prosperity/23844.
"Debt Free Prosperity." Essayworld.com. March 17, 2005. Accessed December 23, 2024. http://www.essayworld.com/essays/Debt-Free-Prosperity/23844.
JOIN NOW
Join today and get instant access to this and 50,000+ other essays


PAPER DETAILS
Added: 3/17/2005 10:24:24 AM
Category: Miscellaneous
Type: Premium Paper
Words: 483
Pages: 2

Save | Report

SHARE THIS PAPER

SAVED ESSAYS
Save and find your favorite essays easier

SIMILAR ESSAYS
» Law of Attraction
» 20s And 30s
» The End Of Affluence
» The History And Decline Of The ...
» IMF, World Bank And Africa
» The Nation’s Sectional Discord ...
» The Constitution: Discord And T...
» China New Approach In Africa Ad...
» Arthur Miller Biography
» US History
Copyright | Cancel | Contact Us

Copyright © 2024 Essayworld. All rights reserved