Page 15 - THE SCAM OF RICHES

After you have tracked your money disposal pattern for a month, you would be in a

better position to make a realistic budget for yourself. Then you can go ahead to make a
budget for yourself which can look something like this:

Living expenses 50%

Gifts 20%

Savings 30%

Or

Living expenses 50%

Gifts 10%

Savings 40%

Work out a sharing formula that is suitable to you.

The savings should be removed immediately it hits your account and sent by direct debit
instruction into a special savings account with no ATM card for ready withdrawal. From
there, you should then move it into a chosen and appropriate investment vehicle that

would begin to contribute towards the achievement of your dreams.

It is very important to have a budget and stick to it.

A man once went to visit a billionaire friend of his. He noticed that lots of people would
visit the tycoon, asking for money. And he would give out money until he hit a total. After
that, he would tell them to please come back the next month as he was unable to assist

them any further.

The man then asked the tycoon why he sent the people away after hitting that figure. The
tycoon told him that he had learned that he was not an unlimited resource. That if he

gave away money to everyone that asked, soon he would be broke as well. So, he had
long since placed himself on a budget. And every month, he had a amount he had pre-
determined to comfortably give out as his own contribution towards helping people.

Once he hit that figure, he stopped giving, until the next month.

15