Personal Finances pt 47 Cures for a Lean PurseIncrease your ability to earnBob Proctor — What is The Law of Compensationhttps://www.youtube.com/watch?v=5sdKmM3s788&t=2s The amount of money you earn is going to be in exact ratio for:The need for what you doYour ability to doThe difficulty in replacing youInsignificant wheels don’t get the greaseYou cannot live a life in which you approach your life as an opportunity to increase your ability to earnIf you don’t increase in value every area of your life, you’re going to lose those thingsCompensation is anything you are in that has your attentionIf you have money problems, you have serious character problemsYou do not become the richest person in the world by thinking about saving moneyIn times of cutback, don’t save; go make moreThe people who win during cutback seasons are the people who plant seedsCutting back is a vibration; it’s an admission of “I don’t have”Everyone wants to be on the mountain top; the problem is that gardens don’t grow on the mountain topYou can only eat from the valleyThere’s always somebody not being superstitiousBeing on the mountain top means you won already, but you can’t keep “won already” to keep winningYou’ve got to go back to the valley and plant more seeds so you can eat on the mountain top longerEvery blessing you’ve gotten has come from the valleyStop hating those down periods in your lifePraise before your harvestIf you keep waiting to see what you’re praising for, you’re going to continue to wait to see what you’re praising for Start thy purse to fatteningTake one-tenth of what you bring in and save it for the future. The book uses a coin analogy: for every nine coins you spend, take one and put it away for yourself.This is very sensible; a goal all of us should have.Pay yourself firstControl thy expendituresControl your expensesYou don’t need everythingDon’t buy frivolous things even if you have enough money to pay for them. Instead, make sure that you can continue to save one-tenth of what you bring in. For this reason, I write about frugality on The Simple Dollar.Make thy gold multiplyOnce you start to build up some savings, invest that money so that it will make more money for you.Another pretty clear point; if you start saving money, it shouldn’t just sit in a mattress. Even a high-yield savings account is much better than that, and it can double your principal in about fifteen years.If you do not multiply your money, you’re dead in the waterYou can have a lot of time and no money, a lot of money and no time, or a lot of time and a lot of moneyGuard thy treasures from lossNever lose moneyTo never lose money, you need a mentorThis one is interesting: you should only invest in things where the principal is safe. In other words, the book seems to discourage stock investing. I found this to be particularly interesting given that it was written in 1927, right in the midst of the first big American stock market boom. Of course, 1929 proved the author right.The more you multiply your money, the more you can go live your dreamsMake of thy dwelling a profitable investmentThe USA will allow you to write off a home, dollar for dollar tax write off up to $8 millionInsure a future incomeReal estate can be insuredInsure everything you have Increase thy ability to earnThe Goddess of Good Luck Lesson: Good luck favors the man or woman of actionA person of action is favored by the Goddess of Good LuckProcrastination upon decision-making only leads to regrets. Make decisions with all the good information that you have – either for or against an action – and carry out the decision. Indecisiveness does not bring good fortune.The more successful people you have around you, the better your garden isYou want to be a person who can nearby activate luck all the timeLucky people are always people who took actionThe more you’re in the zone, the more Universe activates in that zoneGood luck hangs around actionImagine how good your life would be if you just activated