While some of you have been following The Money Principle from the start – March 2011 – most of you are fairly new readers.
To help you through the overwhelming archive and to make it easier for you to use The Money Principle with ease and to advantage, I’ve compiled this guide.
But first, if you’d like to remind yourselves what The Money Principle is about and how it could help you get ahead in the Game of Wealth visit our ‘about’ page.
Please don’t try to read all this in one sitting – take it in chunks to learn and do. I’ve just organised everything so that you can go to the stuff you are interested to learn about first.
When you have close to 700 posts to read, you may as well start with the most popular ones. Here they are:
Great posts: readers’ choice
Great posts: my choice
Four Pillars of the Game of Wealth
Since you are reading this, it is safe to assume you wish to win the Game of Wealth. This game has four pillars:
1. Make money
This is about earning an income. Here, at TMP, we believe that the change towards predominantly ‘network’ economy means the way to make a living has changed from ‘earning a wage’ to ‘portfolio income’.
2. Consumerism and control spending
Consumerism is a way of life encouraging us all to increase our consumption and buy more and more stuff. This was intentionally encouraged by governments after WWII as a way to revive the economy. At present, consumerism works by creating ‘dreams’ which people desire and are ready to over-spend on.
3. Get out of debt
Embracing consumerist values is highly likely to result in over-spending, negative cash flow (this simply means spending more than you earn) and building up debt. Debt, we believe, should be paid off; the sooner the better. Our reasons are rational rather than moral: debt robs you and your family of future.
4. Invest for the future
Investing, including building retirement income streams, creates future(s) and opportunities. Here, at TMP, we believe investing is the key to winning the Game of Wealth in three ways: a) it can increase your income; b) it provides security for the future; and c) it insures you don’t run out of money before you run out of life. We also believe that when we get older, we need income and not pensions; e.g. pensions and pension funds are only one investment vehicle amongst many.