Welcome to Universal Wealth Creation.com

This site have been developed as a resource for people

searching for the best ways to create wealth and increase the

quality of their lives. Inside you will find reviews of the latest

Investment strategies available.

Wealth Creation

Home Page

FINANCE SITES

AFR
AFR BOSS

AFR Photos

Asset

BRW

CFO

Fairfax Photos

Fairfax Research

Leverage

MIS

MoneyManager

Personal Investor

Shares

Tradingroom

Business & Finance Articles

The ONE Law You Should Be Breaking
By: Leo J Quinn Jr

There is a law all smart people break.

Parkinson's law.

Parkinson's law states that "work expands so as to fill the time available for its completion." It was first coined by C. Northcote Parkinson in the book Parkinson's Law: The Pursuit of Progress.

A common derivation of that is "expenses rise to meet your level of income." Has that happened to you? It happened to me in 1991 and I'm particularly aware that it could happen to me again in 2005.

In 1991 I took my BS in finance and started a carpet cleaning business...like most finance majors, of course! I learned the business for a couple months and was earning a whopping $200-$300 per week working for someone else.

When I left that company and went out on my own, the ad I used FLOODED me with business. I had 15 calls by 10:30AM the day the small ad first ran. The answering service told me every "little old lady in Saratoga was calling".

So almost immediately I went from making $200-$300 a week to making upwards of $1000 per week.
WOW...23 years old and making that much money WORKING FOR MYSELF was great fun...had a great boss!

I don't remember what I spent all the money on other than one of those nationwide pagers but my spending
rose dramatically. But guess what? At $7.95 per room for carpet cleaning it doesn't take a math major to
figure out I was working very hard to earn $1000 a week. So, of course I got tired and lazy and slowed down.
My income level dropped to some level probably near $500 per week but my lifestyle didn't and you can figure
out the rest.

If, while earning $1000 per week I was living like I made $400-$500 per week I would have been sitting pretty...
or whatever the male equivalent of sitting pretty is! :>)

Recently in a workshop I had a woman relate her story. Her husband had been out of work because of injury for
about a year. They had been living on only her income for that time. Before his injury they had been living on two
incomes and usually had just enough money to meet all their expenses.

The injury had her worried. How could they do it on one income?

Somehow, THEY MADE IT. All the bills were paid on time. They didn't take any drastic measures like canceling
the cable or pulling apart the 2-ply toilet tissue to get 2 rolls out of every one.

This gal was amazed and tremendously EXCITED because her husband was going back to work soon and she
was going to be able to put a large chunk of one entire income toward eliminating all their debt using my program.
(Do you have it yet?) Two thousand dollars a month put under your mattress or towards paying off a debt is
$24,000 per year or $120,000 after 5 years.

This family was forced to break Parkinson's law and you see how it dramatically improved their lives. The silver
lining in the cloud.

Don't be forced to break the law...do it voluntarily starting today. If you are a two-income household pretend
that one of the incomes is now gone. If you are a one-income household advertise for a wealthy widow or
widower and then pretend that your income was slashed in half.

Keep track of every penny you spend...write it down...put it in your Quicken, Microsoft Money or any spreadsheet
program...just get it on paper so you can see it.

Be brutal about it and I'll bet you can live on half of what you now make. Take the "missing" half and pile it on
your debt. (you know which debt don't you?)

Break Parkinson's law and you'll never be sorry!

About the author:

Leo J. Quinn, Jr. owner of www.LeoQuinn.comis a financial educator from the Albany, NY area. For over eight years he has been helping thousands of people get control of their finances and get out of debt in a fraction of the normal time. He has a special offer for readers of this newsletter at http://www.1shoppingcart.com/app/adtrack.asp?AdID=132551

Circulated by Article Emporium

http://www.universalwealthcreation.com Wealth Creation | Financial Wealth

Copying or republishing this article is permitted with this footer included

Collect a Free 260 page ebook here: Universal Wealth Earn up to $1,000 per referral: Wealth Creation Affiliate

These property, finance, stock market & business articles have been supplied in the interest of Universal Wealth Creations visitors who want to expand their knowledge in the wealth creation & investment fields. All the business, finance, stock market & business articles have not been read as they are submitted remotely, so if you find any questionable facts in here or simply do not like it, please email webmaster@universalwealthcreation.com and we will review the material. As we find time to do so, we will go through all articles and remove any that appear not suitable. Other sites we recommend here at Universal Wealth Creation are: 21st Century Academy with Jamie McIntyre, Investor Finance, Universal Trading Solutions which promotes great wealth creators like: Kim Reilly, Simon Martin, Justin Beeton, Louise Bedford, John Kaye, Daniel Kertcher & more. They run great seminars across the country. At times we will publish dates for these seminars as they are made available around the counrty. Meanwhile, there is a great opportunity to learn about the finance, stock market & property investment field through reading these kind of articles. Learn about share trading, options, futures, CFD's, derivatives, warrants, indices & more in the stock market. You will also learn plenty about business, finance & property investing through authors opinions in the marketplace. Enjoy your journey towards financial freedom. We hope you will enjoy your visit.

Regards Sean Rasmussen - Universal Wealth Creation Pty Ltd

Site Map

Return to Index
Return To Universal Wealth Creation Home Page

Business & Finance articles