HOW TO GO FROM DEBT TO RICHES

Oprah did a great show today; she had a financial genius  talk to a lot of overextended people, singles and couples. He said you have to become millionaires .....and you can. What I teach will make you a millionaire but at the rate you're going, in the other direction, you'll be bankrupt any minute. SO how does one go from near edge of a bankruptcy cliff and the threat of homelessness to being a millionaire? I'm giving the RULES." I took out a pen and  made notes.

1.) PAY YOURSELF FIRST. When that salary comes, that check, you pay Soc
Secur and Gov and everyone.NOT GOOD ENOUGH. Pay yourself first. A chunk
goes into your 401k every single month. Make it automatic like the other
things that come out of check. A chunk comes out for your later life,
your retirement, the 401-k. Your bank or stock broker will handle it.
Make it automatic! An auto.deduct.

2.) PAY IT FORWARD! That DEBT? That Mortage? Don't pay 12 payments a yr,
add one, pay 13 payments so you pay it off faster. Credit card debt, DOUBLE down on
paying it up or you'll be paying for last Christmas's gifts when you're
80. Get rid of the debt and do not incur it again.

3.) Don't latte yourself to death. MAKE your own coffee, carry it in a
thermos. MAKE your own everything. Don't take cabs, take subway. Don't
get facials, Don't get yoga classes. DO IT YOURSELF Teach yourself
yoga with a book. On your own floor on a sheet. Do your own manicures,
cut your own hair. Wear your old shirts, mend them. No new. DO THIS
every month and you save about $1700, in the case of the girl they had on
there, a single girl. She was latte-ing herself to death. Eating out all
the time. He sez, do your own bag lunch. OPRAH then stepped in and told
how she made a bag lunch and took it with her! And how her live in boy
friend laughed at her. Of course we who know the gal, know that she
does it because it's some quirky pure food diet thing, not money.

I would add to this saving on the little things idea....., Do your own
dry cleaning. We washed even silk shirts in the old days, hung them
out, ironed them. WOOL got washed in lux flakes.
NO DRY CLEANING needed. Cars? Why buy new? Who are we impressing?
Our  boss doesn't know what we drive. My 83 Honda works great and it's
20 years old. Cost me 300$ when I bought it! Amortagize that, I spent 15$
a year!!!!! A DOLLAR a month to drive a car!

4.) Oprah's guru finished with "Tear up the credit cards. ALL of them. That was
his rule. NOBODY can live with them." AND ANYBODY can live without them!

5.) I have gone one better. RULE FIVE.
Have a hobby that makes you huge sums under the table. DEAL USED BOOKS
Read SECRETS OF A BOOK SCOUT. There are young men riding through
Senior Centers on bikes, with big boxes on back of their bike, who scare up
clients and collect books. Oh, just read it.