Wednesday, January 16, 2013

Book Excerpt: Get Out of Debt and Retire A Millionaire So You Can Leave Your Mark on the World




Excerpt from 925 Ideas to Help You Save Money, Get Out of Debt and Retire A Millionaire So You Can Leave Your Mark on the World by Devin D. Thorpe

Your money or your life?

You’ve heard it before, “No one ever said on his deathbed, ‘I wish I’d spent more time at the office.’”  The implications are rich.  In the end, it will not matter much how much money you had or what you accomplished.  What will matter is your family and the legacy you leave behind, the mark you leave on the world.

Money is secondary in the long run, but it is a necessary part of life.  Virtually all of the good you want to do in the world comes as a product of your money, from feeding your family to feeding poor people in the Congo.

Being wise with the money you have will empower you, making you the master and not the slave.  If you take control of your money, you can do infinitely more good in the world.  You can be recognized for your contribution to the welfare of others, for protecting the environment or serving whatever cause you choose, but to do so requires that you take charge.

Taking charge is all about eliminating debt and building up adequate financial reserves for the foreseeable problems in life.  You can’t hope to retire without retirement savings.  You can’t hope to send your children to college without a plan.  You can take control. 

By taking control of your money, you empower yourself.  For instance:

  1. Choosing your work:  If you are in control of your money, you can afford to do whatever you want for your career; this freedom, ironically, may allow you to earn more than you would with your nose to the grindstone, always running to get ahead.
  2. An empowered life:  If you can choose your work, you have control over so much more.  You can control your schedule, the time you spend with your family, the time you spend volunteering and the time you spend learning.
  3. Power is impact:  As you begin to exercise the power that comes from controlling your money and your life, you begin to have impact.  Your impact will be wherever you want it to be. 
  4. Focus:  If you focus your free time and your available financial resources on a cause, your impact will be concentrated.  By focusing on a singular purpose, you can accomplish so much more.
  5. Legacy:  By applying focused time and money on a singular purpose across time you measure in decades, your impact will become your legacy. 

Don’t doubt your own power and influence.  If you eliminate any financial problems and put yourself in control of your own financial destiny, you can change the world.  Just pick the spot on the world, the cause or the purpose for your life, and leave your mark.




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