50 Words to Your Dreams Chapter 48 Money by Michael George Knight



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Money, the one word in which we work most of our lives for and the one word we study the least. We humans live on an abundant planet that provides everything we need to flourish and thrive with one little twist, it’s currently an economic planet. We use money as the medium to trade our time (energy) for goods and services to live our life. Regardless of what county you live in or name you call money be it Dollars, Pound, Euro, Yen or Cryptocurrency. We spend most of our waking life working for it, thinking about it, and spending it and wishing we had more of it. Money is a major subject and plays a huge part in our lives. It should be a priority study for anyone who wishes to have control over money instead of money having control over you. There are many great books and teachers out there, with many different philosophies and practical ways to earn money, keep money and multiply money.



If your dream in life is purely based on generating money and having a certain amount of money, then money is the yard stick you use to measure yourself with. If your dream is not money related, but instead money is a byproduct of goal achievement, then money is a secondary outcome of your grand dream. The numbers in your bank account don’t always reflect success internally or externally in someone’s life. Remember everyone has a different idea and scorecard on what success means to them. In life there are people with a lot of money who are failures and there are people with very little money who are successful in their own right. Money is the dominate tool people use to measure success in the money obsessive culture we currently find ourselves in.


Money isn’t everything in life, you can’t buy family, true friendship, peace of mind, health, dreams, fulfillment and meaning. Yes, with money you can buy materialistic things and yes you can buy a level of freedom and time. We all want more money in our life as with more money we have more freedom, choices and opportunities to live the life we desire to live. But please don’t get confused and put your happiness in your wallet, waiting for your wallet to fatten before you get to feel happiness. Money can give you short term high but not lasting fulfilment and happiness.



To keep your finances on track, you have to keep it on the rails. Be in control of your money, don’t let money control you. Remember money doesn’t spend itself, you earn it and you spend it. Ask most people what they did with all the money they have earned over the years and you will draw blank stares and get vague answers like house, bills, food, clothes, kids, holiday, cars and fun. But if you asked how much have you spent on each category? Chances are they wouldn’t be able to give you an exact figure. People that don’t keep track of money are generally side tracked and headed off track when it comes to money.


What if you had detailed records of your last 5 years of economic household income and expenses? What insights would this give you? What would it show? Would it show economic growth in income and balance sheet? Would it show your spending habits and give you a clear picture of your economic philosophy? Yes, Yes and Yes. Why do businesses have profit and loss statements and you individually or as a family don’t? If you don’t know you have a problem, you will never find a solution. If you have money problems, I suggest you take the time to start tracking your economic activity your income and your outgo.


I suggest once a month on the 1st of every month you take 30 minutes out of your life to invest in your financial future. Bring up your online banking accounts and using Microsoft Excel create a spreadsheet called Wealth Management. Go over your previous month and write out all your income and expenses into a spreadsheet under the categories like home loan, food, bills, clothes, holiday, going out, kids, pets, car etc. Once you have tabulated every item use excel to sort and create your own personalized income and expense monthly report. This will show you the facts, the facts of what you earned and what you spent. Repeat this process for three months and you will have report of your quarterly individual or household income and expenses. Do this for a year and will not only have your own yearly economic report but you will learn more about your own economic philosophy than you would reading books. It’s good to study but it’s better to study yourself. Get on track with money by tracking.



What to do with your money all comes down to your age, experience, background and philosophy, needs, dreams, commitments, lifestyle, goals and plan. The 60 year old person and the 20 year old kid will do different things with money due to the above reasons. Anyone can give you money advice on what you should do with your hard-earned income but only you can decide what to do with your money. Everyone has different tendencies with money, some people are shopaholics, some people are tight and save for a rainy day. Some people budget every dollar and some live their life on the credit card always spending their tomorrow’s today. However you are wired, every person has a unique relationship with money due to age, experience, upbringing, family, education, society, friends, country and a hundred of others things that form their money philosophy. If what you are doing currently is working for you continue that but if you broke chances are you need to change your money philosophy and learn from the experts.




I am no expert in regard to money, but I do know the experts to study. Being the founder of one of the largest free book summaries websites I have summarized dozens of great books on the subject of money. I have distilled the best book bits from the best money books and have them available in written, video and audio format through the click of a button. Check out my website Bestbookbits.com to find hundreds of book summaries for you to get educated. My top dozen books on money I have done books summaries on are the following.


  • Robert Kiyosaki: Rich Dad Poor Dad and the Cashflow Quadrant
  • Grant Cardone: The Millionaire Booklet
  • George Samuel Clason: The Richest Man in Babylon
  • Tony Robbins: Money Master the Game and Unshakeable
  • Scott Pape: The Barefoot Investor
  • Thomas Stanley: The Millionaire Next Door
  • David Bach: The Automatic Millionaire
  • Harv Eker: Secrets of the Millionaire Mind
  • Ramit Sethi: I Will Teach You To Be Rich
  • Jon Hanson: Good Debt, Bad Debt
  • J. DeMarco: The Millionaire Fastlane
  • Jen Sincero: You Are A Badass At Making Money



  • A job stands for just over broke, nobody ever makes money at a job, nobody ever gets ahead at a job, you keep your nose just above the borderline and you hope there are no storms. (Robert Kiyosaki)
  • A man is paid, not merely for that which he knows, but more particularly for what he does with what he knows, or that which he can get others to do. (Napoleon Hill)
  • A part of all you earn is yours to keep. It should be not less than a tenth no matter how little you earn. It can be as much more as you can afford. Pay yourself first. (George Clason)
  • After you become a millionaire, you can give all of your money away because what’s important is not the million dollars; what’s important is the person you have become in the process of becoming a millionaire. (Jim Rohn)
  • Always remember, money is a servant; you are the master. (Bob Proctor)
  • An empty bank account is a sign of an ineffective past effort. It is a sign of a missed opportunity. It is a sign of too much procrastination, or laziness. (Jim Rohn)
  • Asked, who is the rich man? Epictetus replied, He who is content.(Epictetus)
  • Becoming wealthy involves a set of habits and ways of doing things, some of which seem of minor importance or common sense, although many of us don’t do them. (Thomas Stanley)
  • Begin by believing that you deserve wealth. (Bob Proctor)
  • Being rich is having money. Being wealthy is having time. (Unknown)
  • Broke is a situation you find yourself in because you are either under earning or overspending. (Larry Winget)
  • Broke is a state of your account, poor is a state of your mind. (Brian Buffini)
  • Business, it is quite simple. It is other people’s money. (Alexander Dumas)
  • Compounding is mankind’s greatest invention because it allows for the reliable, systematic accumulation of wealth. (Albert Einstein)
  • Do not save what is left after spending, but spend what is left after saving. (Warren Buffet)
  • Don’t buy that second car until you have brought that second house, it’s not cars that make you rich, its houses. (Jim Rohn)
  • Don’t spend major money on minor things, and, conversely, don’t spend minor money on major things. Some people spend a fortune on food for their bodies and very little on food for their minds. If you spend more on candy than on inspirational books and tapes, that would be foolish, right? (Jim Rohn)
  • Earned income is money you work for and passive and portfolio income is money working for you. (Robert Kiyosaki)
  • Everything that you make above what you spend is your profit. That’s your only true income. (Tom Hopkins)
  • Financial independence is the ability to live from the income of your own personal resources. (Jim Rohn)
  • Folks who never do any more than they get paid for, never get paid for any more than they do. (Og Mandino)
  • Form the habit of systematic saving by putting aside a definite percentage of your income. Money in the bank gives one a very safe foundation of courage when bargaining for the sale of personal services. Without money, one must take what one is offered, and be glad to get it. (Napoleon Hill)
  • Get over the idea that there’s a scarcity of money because there isn’t! (Grant Cardone)
  • He is richest who is content with the least, for content is the wealth of nature. (Socrates)
  • How do you deserve a fortune? Render fortunes of service. (Jim Rohn)
  • I assure you that the less hung-up you are on money, the easier money will come to you. (Grant Cardone)
  • I have about concluded that wealth is a state of mind, and that anyone can acquire a wealthy state of mind by thinking rich thoughts. (Edward Young)
  • I’m working full time on my job and part time on my fortune, because profits lead to fortune. (Jim Rohn)
  • I’ve not found a single investment that gives higher returns than investing in yourself. Not one. (Patrick Bet-David)
  • If you are born poor it’s not your mistake, but if you die poor it’s your mistake. (Bill Gates)
  • If you can actually count your money, then you are not really a rich man. (J. Paul Getty)
  • If you can grasp the idea that money is not real, you will grow rich faster. (Robert Kiyosaki)
  • If you cannot control your emotions, you cannot control your money. (Warren Buffet)
  • If you don’t find a way to make money while you sleep, you will work until you die. (Warren Buffet)
  • If you render no more service than you are paid to render, then it is obvious you are not entitled to any more pay. This is a fact against which there is no argument! (Napoleon Hill)
  • If you want to become rich, you must not make a study of poverty. (Wallace D. Wattles)
  • If you want to feel rich, just count the things you have that money can’t buy. (Zig Ziglar)
  • If your outgo exceeds your income, your upkeep will become your downfall. (Jim Rohn)
  • Income rarely exceeds personal development. (Jim Rohn)
  • It doesn’t matter how much you earn, just how much you keep. (Steve McKnight)
  • Keep in mind there are only two ways to earn money: people at work, or money at work. (Bob Proctor)
  • Keeping money is harder than making money. (Unknown)
  • Learn how money could work for you; unlearn the expectation that you must work for money. (Robert Kiyosaki)
  • Make an investment in a rich person’s appetite. Take a rich person out for a meal. There’s no telling what you can learn in an hour or two of wealth-oriented talk. (Jim Rohn)
  • Millionaires think differently from the crowd. (Thomas Stanley)
  • Money doesn’t change men, it unmasks them. (Henry Ford)
  • Money follows eyeballs. (Gary Vaynerchuk)
  • Money is like a jealous lover, ignore it, and it will leave you for someone that makes it a priority. (Grant Cardone)
  • Money isn’t the most important thing in life, but it’s reasonably close to oxygen on the “gotta have it” scale. (Zig Ziglar)
  • Money, it turned out, was exactly like sex, you thought of nothing else if you didn’t have it and thought of other things if you did. (James A. Baldwin)
  • Money, of itself is nothing but inert matter. It cannot move, think, or talk, but it can hear when a man who desires it, calls it to come. (Napoleon Hill)
  • Never depend on single income. Make investment to create a second source. (Warren Buffet)
  • No man becomes rich unless he enriches others. (Andrew Carnegie)
  • People are not born with a millionaire mind. It is a set of attitude and knowledge that anyone can adopt and acquire. (Thomas Stanley)
  • People who cannot control their cashflow work for those who can. (Robert Kiyosaki)
  • Poor people are focused on spending their money. Rich people are focused on making it, keeping it and investing it. (T. Harv Eker)
  • Rich people, in contrast, create things or systems that can earn money for them independently of their time input. (T. Harv Eker)
  • Riches do not respond to wishes. They respond only to definite plans, backed by definite desires, through constant persistence. (Napoleon Hill)
  • Take responsibility for your finances or take orders all your life. You’re either a master of money or a slave to it. (Robert Kiyosaki)
  • The best way to help the poor is not to become one of them. (Lang Hancock)
  • The easiest way to make money is create something of such value that everybody wants and go out and give and create value, the money comes automatically. (Jordan Belfort)
  • The key factor that will determine your financial future is not the economy, the key factor is your philosophy. (Jim Rohn)
  • The majority of people devote more time to thinking about the money they want or need than they do about creating ways and means of earning that amount through an equivalent of service. (Napoleon Hill)
  • The man says, ‘If I had a fortune, I’d take good care of it. But I only have a paycheck and I don’t know where it all goes’. Wouldn’t you love to have him running your company. (Jim Rohn)
  • The most important word in the world of money is cash flow. The second most important word is leverage. (Robert Kiyosaki)
  • The only way to become wealthy is to add more value to other people’s lives than anybody’s adding. It is the only way. If you are not adding value you will not sustain the wealth, your income is in direct proportion to your contribution. (Anthony Robbins)
  • The philosophy of the rich versus the poor is this: The rich invest their money and spend what’s left; the poor spend their money and invest what’s left. (Jim Rohn)
  • The rat race is a trap for people who spend first and then have to work to pay for yesterday’s extravagances with tomorrow’s earnings. (Steve McKnight)
  • The real measure of your wealth is how much you’d be worth if you lost all your money. (Unknown)
  • The reality is if you’re not very valuable you don’t get much money. (Jim Rohn)
  • There is no easier or surer way of attaining wealth than through the habit of paying yourself first through automatic deductions. (David Bach)
  • There’s no financial investment that’ll ever match investing in yourself, because if you develop more skill, more ability, more insight, more capacity, that’s what is going to really provide economic freedom. (Tony Robbins)
  • To attract money, focus on wealth. It is impossible to bring more money into your life when you focus on the lack of it. (Rhonda Byrne)
  • To become financially independent you must turn part of your income into capital; turn capital into enterprise; turn enterprise into profit; turn profit into investment; and turn investment into financial independence. (Jim Rohn)
  • Too many people spend money they haven’t earned, to buy things they don’t want, to impress people they don’t like. (Will Smith)
  • We get paid for bringing value to the marketplace. It takes time to bring value to the marketplace, but we get paid for the value, not the time. (Jim Rohn)
  • Wealth consists not in having great possessions, but in having few wants. (Epictetus)
  • Wealth grows wherever men exert energy. (George Clason)
  • Wealth that comes quickly goeth the same way. (George Clason)
  • When it comes to money, high emotions tend to lower financial intelligence. (Robert Kiyosaki)
  • You don’t get paid for the hour. You get paid for the value you bring to the hour. (Jim Rohn)
  • You never suffer from a money problem, you always suffer from an idea problem. (Robert H. Schuller)



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