2 minutes reading time
A Sip of GIN for Saturday, July 2
Dear GIN Family,
Most all people know how to earn money, but few know how to spend money, especially small amounts of money. You see, we have been trained and conditioned to believe that the “Gold” is in earning Big Money, but the truth is that the “Gold” is learning how to spend small money. This is why I love studying the method of Andrew Carnegie. His fame was not his knowledge on how to earn Millions of dollars from the Steel Industry; his real secret was his knowledge on how to invest small amounts of money, especially when he first started out as a low paid laborer. His ability to “Turn his pocket change into Knowledge and Application” is what made Andrew Carnegie the wealthiest person of his day.
My Millionaire Mentor taught me how to turn my pocket change into “Knowledge and Application” in 1979 to create financial freedom using the Carnegie Principle. Next to my desk is an antique 5 glass water bottle filled with dollar bills of every kind: ones, fives, tens, twenties, fifties, and even one hundred dollar bills. I add all my pocket change to this glass bottle, and when I look at it, it reminds me that I had two choices with that pocket change. One, I could have spent that on “junk” and have nothing to show for it but an empty glass bottle, or two, I could use it wisely and have a glass bottle filled with cash so that, in the future, I could do something good with it.
I can assure you, I still use some of my “pocket change” and convert into “Knowledge and Application.” How much does it cost to create a Million-dollar income? I did it on less than $3.00 a day, and so can you.
Don and Melinda Boyer