Wednesday, December 10, 2008

WEALTH

The Definition of Wealth is in the Eyes of the Beholder.

What's Your Definition of Wealth?

In order to become wealthy you must first define what true wealth is. The word wealth can mean different things to different people:

The Bible: Matthew: 6:33, Seek ye first the kingdom of God and His righteousness and all these things will be added to you. In Ruth 2:1, Boaz, a wealthy and influential man shared his harvest with Ruth. How could he have done this if he was poor? In the Bible there are lots of references to wealth but with the warning to not have a "LOVE" of money.

"If God owns the cattle on a thousand hills, and we are His children, these too are part of our inheritance"

Jon Bender: In his book, In God We Trust, "Real wealth is living in gratitude; gratitude begins in trusting God in all things."

The Merriam Webster Dictionary (New Edition): 1: Abundance of possessions or resources: Affluence, Riches 2: Abundant supply: 3: All property that has a money or exchange value: All objects or resources that have an economic value syn fortune, property, substance, worth.

Robert Kiyosaki: "The number of days you can survive without physically working and still maintain your chosen standard of living."

Sir John Templeton: "Riches are about asset allocation, wealth is about gratitude."








Price Movement

"We know that prices move up and down. They always have and they always will. My theory is that behind these major movements is an irresistible force. That is all one needs to know. It is not well to be too curious about all the reasons behind price movements.

You risk the danger of clouding your mind with non-essentials. Just recognize that the movement is there and take advantage of it by steering your speculative ship along with the tide. Do not argue with the condition, and most of all, do not try to combat it."