elligence； in this case the ability to direct money to make more money。
If we gave 100 people 10；000 at the start of the year； I gave my opinion that at the end of the year：
80 would have nothing left。 In fact； many would have created I greater debt by making a down payment on a new car； refrigerator； TV； VCR or a holiday。 16 would have increased that 10；000 by 5 percent to 10 percent。 4 would have increased it to 20；000 or into the millions。
We go to school to learn a profession so we can work for money。 It is my opinion that it is also important to learn how to have money work for you。
I love my luxuries as much as anyone else。 The difference is； some people buy their luxuries on credit。 It's the keep…up…with…the…Joneses trap。 When I wanted to buy a Porsche； the easy road would have been to call my banker and get a loan。 Instead of choosing to focus in the liability column； I chose to focus in the asset column。
As a habit； I used my desire to consume to inspire and motivate my financial genius to invest。
Too often today； we focus to borrowing money to get the things we want instead of focusing on creating money。 One is easier in the short term； but harder in the long term。 It's a bad habit that we as individuals and as a nation have gotten into。 Remember； the easy road often bees hard； and the hard road often bees easy。
The earlier you can train yourself and those you love to be masters of money； the better。 Money is a powerful force。 Unfortunately； people use the power of money against them。 If your financial intelligence is low； money will run all over you。 It will be smarter than you。 If money is smarter than you； you will work for it all your life。
To be the master of money； you need to be smarter than it。