Lessons & latest

Kia Ora,

Well what is going on? US Government is bailing out again to the tune of US$200 Billion of Freddie Mac & Fannie Mae. Why because the next round of subprime payments are due starting this month & most of them are held by these US Government entities. To make it look like things are better they even formed a new enitity called Ginnie Mae that was continuing all those deals that the former two were stopped from doing as the subprime crisis broke.

Any way back to the lessons learnt.

Once I had worked out my purpose in life which as I say keeps morphing into something bigger, information began to flow as I was ready for each step.

Probably the next biggest mistake was hearing about this book 'Rich Dad Poor Dad' & saying I would want to read that but not or not until I had being working in Iraq for sometime.

In the meantime I had read another book 'The Richest Man in Babylon". Using the process outlined there has helped me in my path. Each time I strayed from it things have gone off the rails.

Basically the process is the first bill you pay is yourself. A minimum of 10% which you put aside for investment. I have now extended this to 10% for donation to those entities I always said I would help once I had the money. Thing is the money never came until I actually started giving. This is in line with what one person says is the real saying behind it is better to give than receive. The claim is that the original saying has being manipulated from "It is better to give to receive". So the more you give the more you receive. That doesn't just have to be in monetary terms either. It can be in time or knowledge.

It has being hard at times to stick to this formula, but it feels worth it in particular when instead of saying I will help once I have the money, I am making my little contribution. All going well those contributions will grow to a very large amount in the future. It also means in todays world where everyone has their hand out for a donation I am in control of where my money goes to help those I know either need it or actually do make a difference.