§ What is your attitude
toward money?
My attitude, at least what I strive for, is to
think about money as a means to an end, and a way to provide for others. If I
am well off and I have a comfortable income with some extra left over, I am
able to give my children a good life and give to charity and help those in need
whenever possible. If money is the main objective, and you fill your life with
meaningless material things, you have nothing of true worth to bring with you
when you die, because you can’t bring worldly things with you to Heaven.
§ How can your view of
money affect the way you live?
If you focus on money and the things it can buy,
you might have nice things and be well off financially, but you might also miss
out on important relationships and priceless experiences. If you treat money
like a necessary part of life, but not the main priority, it leaves room for other
things to take the spotlight and draw your focus and attention.
§ What rules are
recommended for prospering?
The rules are sell what the market will buy, practice
separate entities, start small and think big, be nice later, keep good records,
pay yourself a livable salary, buy low and sell high, don’t eat your inventory,
use multiple suppliers, buy on credit and sell for cash, purchase in bulk, use
suggestive selling, increase sales and decrease costs, turn your inventory
often, value your customers, differentiate your business, hire slow and fire
fast, inspect more and expect less, have written agreements with partners,
suppliers, landlords, and employees, work on your business 10 hours a day, five
and a half days a week, practice kaizen, make a profit every day, work on your
business goals, and focus focus focus.
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