Page 52 - Charles Calhoun Book Rich As You Want To Be

for the enjoyment of it. If you chose to take 7% as

an income from that $5 million, that would pay you

$ 350,000 per year or roughly $30,000 per month.
Wouldn’t that be a lot better than owing debt? You

Bet!

But if you are careful and wise you can avoid

all the above debts and the painful payments to get
rid of those debts. It is easy to take on debts but

HARD and not fun to pay back that money. The

keys are to spend only what you have. Don’t
borrow money. Live on less than you earn. And

save money. Save money for expenses you know

are coming. Money saved is the best way to pay for
big expenses. When you borrow, the payments you

must make follow you home. If you don’t borrow,
there are no future payments or interest expenses

at all. And then your money can be used for your

purposes, goals and things you will enjoy.

Make it a priority to avoid DEBT whenever

possible.

Money issues are the number one cause of

stress and also divorce. DEBT causes lack of
money and bill paying stress. Abundant cash does

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