Comments on: The 13 Absolutely Unbreakable Laws of Money (by Brian Tracy)

By: Warren

Warren — Wed, 25 Mar 2009 08:12:00 +0000

I like the way Dr. Art Abella is making his writings. He shows integrity, sincerity and a very prolific writer. Congratulations!!!!!!!!!!!!!!!!!!!!

By: Ryan Williams

Ryan Williams — Tue, 24 Mar 2009 21:10:22 +0000

Great list! I especially like #8, the Law of Three.
Thanks.

By: Art

Art — Wed, 11 Feb 2009 02:26:15 +0000

This internet writing is great!!!!!!!!!!!!!!

By: Weekend Reading Assignments For 20-Somethings Who Care About Their Future And Their Money | 20s Money

Fri, 25 Jul 2008 11:41:53 +0000

[...] great article on thirteen laws of money. Interesting points to be aware of as you build your [...]

By: Billman

Billman — Tue, 27 May 2008 22:27:35 +0000

@minimun wage – I agree with Derrik F. As someone who is also paying off student loans, I can understand how hard it is to put money into savings. Thankfully I am not making minimun wage and it’s letting me climb out of debt.

I suggest getting rid of any minor debts before you think of a savings plan. Get rid of credit card expenses first, and stick to a budget, like $15/day during the week. Those 2 tips got me out of all my credit card debts (best buy, clothing stores, visa/master cards). In total I ended up spending over $400/month which I am now puting into student loans.

Best of luck

By: Derrick F

Derrick F — Sat, 01 Mar 2008 23:12:04 +0000

@ Minimum wage: If you have student loans, then chances are you need not be making minimum wage. I found a job with state parks, it does not pay the best, but it came with a cabin. It is an opportunity to save and pay off my student loans (over 11,000 in 10 months).

Also, look where your money is going… living on little is possible, but you must be precise with your budgeting as there is little room to error. If you like your minimum wage job, consider downshifting your life a bit. If you sacrifice a bit now, later you can reap the rewards.

I myself want to invest, but I know that I need to pay off my student loans and also save a bit of fall back money before I can really jump in. Calculate and hesitate- jumping the gun has ruined many people.

By: Billy

Billy — Mon, 03 Sep 2007 16:04:44 +0000

Many thanks for sharing your list with us, nicely laid out.

By: Dr. Artfredo C. Abella - Philippines - UB

Dr. Artfredo C. Abella - Philippines - UB — Wed, 27 Jun 2007 03:08:51 +0000

I would like to bring to the attention that the unbreakable laws regarding money is more of a reality than a fantasy, hence we must regard money more of as a resource or just a tool for its wise use or purposes. I think the author has made a very good point when he said that money is not the cause but rather it is the effect. I really agree that money is the effect in our lives, since most of us usually spend our money before we even have earned it. Usually the causes are overspending, not having multiple streams of income neither passive income and spend more than what we earn hence, the effect is insolvency and overdrafts. Why not reverse the other side of the picture by making a better cause of having greater opportunities to earn income and having more resources and businesses to earn more, so that the effect will be having substantial cash ready for investment. If our cause will mean being hard working and enthusiastic in creating more resources and means to earn then the effect will be more liquidity in our financial statements and ready to invest in capital gains. Money is a medium of exchange, it means that before we must have it or part from it there has to be an exchange. There is nothing in this world where money has parted without having an exchange. You part money, in return you acquired land or car, buildings, ships, clothings and food. It is therefore our role to treat money wisely and respect it. The question therefore is presented, is money wealth? Money is not wealth, it becomes wealth only when it is used for utility purposes. Money is used to meet obligations, to pay for the rent, food and in purchasing hotels, planes and vacations around the world. The best use of money could never be discounted and disregarded even the Bible is telling us that money answers everything. Money is like a friend treat it sincerely and never part it for it is just like parting a good friend. One way of defining being rich is when you enjoy life so is with money, money with all its misconceptions would only mean having it and being rich by enjoying it. Money therefore was invented by our moneytorist
simply to enjoy it.

By: Free Money Finance

Free Money Finance — Fri, 18 May 2007 10:19:54 +0000

Star Money Articles for the Week of May 14

Here are interesting posts and news this week from the MoneyBlogNetwork members and beyond: Five Cent Nickel details the importance of buying flood insurance. Blueprint for Financial Prosperity doesn’t want to be rich. Consumerism Commentary gives thr…

By: Miguel

Miguel — Thu, 17 May 2007 17:12:37 +0000

@ Min Wage – I have to agree with JLP. I hesitate to go into a touchy-feely power of positive thinking thing, but I must admit: The one thing I have learned over my 40-some years is that we are only limited by our thinking.

Trust me, I kick myself every single day for being too thick-headed to fully comprehend the many oppty’s that have slipped thru my fingers. Time and time again, I see that the people who just get down and hustle like crazy, are the ones who figure out ways to take advantage of opptys.

Obviously, I don’t know the details of the one that slipped away from you. Maybe it wasn’t meant to be. Or maybe, there was a way to get OPM (Other People’s Money), bring in a partner, convince the seller to provide part of the financing, etc.

There is no substitute for:

1) An optimistic, can do attitude.
2) Knowing the tricks of the trade (whatever your trade)
3) Knowing who to go to for advice, financing, etc.
4) Hustle (that burning desire to get something done despite the odds).

Sorry if I sound preachy (it’s just me being fired up). A few days ago I had the oppty to meet a man who had sunken so low, he was homeless for a period of time, and today he is a millionaire. His story is well-chronicled, so its no joke, and he spoke about his early experiences with overcoming long odds. It’s a story I can well relate to.