Our Allies to Financial Success

I have mentioned the obstacles in the path to financial success. but, don't worry, you not only have enemies in your journey but you also have allies! What you need to do is to learn to use your allies to your advantage because they are just there, waiting to back you up.

• Time

Time would be your first ally. Time, is honestly by your side because all people, whether rich or poor, have the same amount of time. Sixty seconds per minute, 24 hours per day, 30 days per month and 12 months per year. It is your ally to financial success if you use it properly. It is a great ally because it will be used in planning your path to financial success. Also, timing is of utmost importance and you should know when is the proper time to invest or divest your money to your advantage.

But, if you look around you, time seems to be taken for granted. People don't seem to understand that "one hour lost" means you can never get it back. Take for example you have an appointment and you were 10 minutes late. You not only wasted 10 minutes of your own time but you also wasted 10 minutes from another person's life! 10 minutes that could have been productive but instead was wasted waiting. Making other people wait is honestly stealing time from them, time that they can never have back!

So, next time you are about to attend a party or an appointment, be fair and be on time. Being on time is one major success attribute found everywhere around the globe. My advice for you is, be on time for appointments, always meet your deadlines, and invest your time wisely. Ask yourself if you really need to use up your time and think of the opportunity cost of your decision. Also, never forget to spend time for yourself, for those you care about, and for God. It will keep you healthy and motivate you to succeed financially. Everyone needs a break from work.

• Compound Interest
  

Another powerful ally would be compound interest which, according to Einstein, "is man's greatest invention". Wealth and financial success can be achieved if we allow the power of compound interest work for us. Also, investments allowed to compound can help beat inflation and, when partnered with time, is your most powerful ally.

• Leverage

Finally, another very powerful ally is also within our reach. It is what we call leverage. This is also sometimes referred to as "Good Debt". Dept, when used for productive investments, increases your financial return even with very little capital. Leverage in itself does not only refer to money, but to people too. When you pool resources, your gains increase while risk is lowered. Other forms of leverage are multi-level marketing and business systems. These allow you to earn on your "down lines" even without being active in selling.

These are your allies to financial success and they are always there waiting for you. Using these will ensure your success.

Next, I will be posting step-by-step guides on how to achieve financial success. With a little patience, I know anybody can do it. Compound Savings Interest believes that anyone who wants to succeed and is serious about it will get what they are looking for. Thank you for reading the blog and I hope you stay with me in the succeeding chapters here at Compound Savings Interest!