Making Your First Million.pdf - Association of Net Entrepreneurs and ...

Making Your First Million
"And you'd just spend the extra money. And every week, in spite of your best intentions,
you'd find some reason why you needed to spend the extra and at the end of the year
you'd be no better off."
"I'm with you so far, but how can earning less help?"
"Okay. You're earning and spending $220 a week take-home."
"Right so far."
"Could you survive on $198 a week?"
"If I had to."
"Okay. You're no longer earning $220 a week. You're earning $198 a week. Your future
has taxed you ten percent. Your take-home has been reduced by $22 a week because
you've just been slugged with a 10% future tax."
"You mean I take $22 and give it to my future?"
"Yes. You want to have a good future so you have to tax your earnings today and tithe it
to your future."
"Tithe?"
"Sure. It means no matter what you earn you pay yourself 10% of it first and put it away
for your future. I tell you what, here's $200 for your birthday. Put the tithing thing into
action, save $22 a week and come to me when you're 23. Whatever you've saved I'll
match."
Catherine came to me on her 23rd birthday. "Dad, I've saved $1500."
"Great. What are you going to do with the $3000?"
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