Doctor Dinero

OYE MAGAZINE
DOCTOR DINERO: CRYBABIES DON'T MAKE MONEY

PHOTO: EDDIE GARCIA

I have heard all the reasons why you don’t have any money. Shall I remind you of some of them? How about:

I live month to month, how do you expect me to save anything?

My boss doesn’t pay me enough to save money.

How am I expected to have fun if I can’t spend all my money now?

How can I save when Uncle Sam takes most of my money?

How can I have money when my vieja spends it all?

My parents never taught me about money.

The economy sucks, I am lucky I have a job.

I don’t know where to start?

!Bola de llorones! I have heard them all, and I can tell you that they are all excuses that will keep you in the poor house for the rest of your life. It’s time to grow up and stop whining about being poor. Here are five great tips that will change your financial life from poverty to abundance.

5 RAGS TO RICHES TIPS

1. TAKE RESPONSIBILITY FOR YOURSELF. Stop your crying. Stop pointing fingers also. If you are not successful, look in the mirror. All successful people are accountable for themselves. The wealthy don’t wait for anyone to make money. They make things happen. Poor people are reactive not proactive. Every action or inaction has consequences. Procrastination has consequences. Get off your ass and start focusing on creating a great life. I don’t want to hear that you will do it mañana.

2. PAY YOURSELF THE FIRST 10% OF WHAT YOU EARN. You heard me. This is the most basic wealth principle of them all. You will always have bills, trust me. If you do this one thing alone, you will thank Dr. Dinero years from know from saving your ass from poverty. Take the money and build your emergency reserve first. Start in a savings account, and then move the money to a money market fund.

3. MAXIMIZE YOUR RETIREMENT PLAN AT WORK (OR IRA IF YOU DON’T HAVE A PLAN). This is the second most basic wealth principle. Have your employer take the money from your paycheck automatically. Take the money and invest it in equity mutual funds if you have more than five years before retirement. Start with an S&P 500 index fund. An S&P Index Fund will usually outperform most equity mutual funds in the long term.

4. BUY A HOME. The sage George Lopez once said, “Do you know why you never see Latinos homeless? Because they never leave home!” Invest in your own home. Find yourself a good loan representative and a good real estate agent. Don’t just hire your compadre who started in real estate last Sunday. Work with experienced professionals. Name a rich person who doesn’t own their own home?

5. INVEST IN YOURSELF TO BE THE BEST THAT YOU CAN BE. Yeah, I know it sounds like a military commercial. The most successful clients I have never think twice about investing in themselves. Most poor people I talk to think of spending money on themselves as an expense, not an investment. Take a few bucks and buy books that will change your life. Here are a couple of classic financial books that I highly recommend, Think and Grow Rich by Napolean Hill, and The Richest Man in Babylon by George S. Clason. Also, don’t forget about my book, The Latino Journey to Financial Greatness. It was written to motivate you to take action and give you a plan for a great life with lots of money!

OPEN YOUR EYES MAGAZINE
THE HOTTEST LATINO MAGAZINE IN AMERICA!

© 2004 Tlahtoani Media Group, LLC
The Latin Magazine featuring hot Latinas, beautiful Latinas, Latina models, Latin girls, Latin women, Latin models




OYE MAGAZINE	DOCTOR DINERO: CRYBABIES DON'T MAKE MONEY
	PHOTO: EDDIE GARCIA	I have heard all the reasons why you don’t have any money. Shall I remind you of some of them? How about: I live month to month, how do you expect me to save anything? My boss doesn’t pay me enough to save money. How am I expected to have fun if I can’t spend all my money now? How can I save when Uncle Sam takes most of my money? How can I have money when my vieja spends it all? My parents never taught me about money. The economy sucks, I am lucky I have a job. I don’t know where to start? !Bola de llorones! I have heard them all, and I can tell you that they are all excuses that will keep you in the poor house for the rest of your life. It’s time to grow up and stop whining about being poor. Here are five great tips that will change your financial life from poverty to abundance.

	5 RAGS TO RICHES TIPS 1. TAKE RESPONSIBILITY FOR YOURSELF. Stop your crying. Stop pointing fingers also. If you are not successful, look in the mirror. All successful people are accountable for themselves. The wealthy don’t wait for anyone to make money. They make things happen. Poor people are reactive not proactive. Every action or inaction has consequences. Procrastination has consequences. Get off your ass and start focusing on creating a great life. I don’t want to hear that you will do it mañana. 2. PAY YOURSELF THE FIRST 10% OF WHAT YOU EARN. You heard me. This is the most basic wealth principle of them all. You will always have bills, trust me. If you do this one thing alone, you will thank Dr. Dinero years from know from saving your ass from poverty. Take the money and build your emergency reserve first. Start in a savings account, and then move the money to a money market fund. 3. MAXIMIZE YOUR RETIREMENT PLAN AT WORK (OR IRA IF YOU DON’T HAVE A PLAN). This is the second most basic wealth principle. Have your employer take the money from your paycheck automatically. Take the money and invest it in equity mutual funds if you have more than five years before retirement. Start with an S&P 500 index fund. An S&P Index Fund will usually outperform most equity mutual funds in the long term. 4. BUY A HOME. The sage George Lopez once said, “Do you know why you never see Latinos homeless? Because they never leave home!” Invest in your own home. Find yourself a good loan representative and a good real estate agent. Don’t just hire your compadre who started in real estate last Sunday. Work with experienced professionals. Name a rich person who doesn’t own their own home? 5. INVEST IN YOURSELF TO BE THE BEST THAT YOU CAN BE. Yeah, I know it sounds like a military commercial. The most successful clients I have never think twice about investing in themselves. Most poor people I talk to think of spending money on themselves as an expense, not an investment. Take a few bucks and buy books that will change your life. Here are a couple of classic financial books that I highly recommend, Think and Grow Rich by Napolean Hill, and The Richest Man in Babylon by George S. Clason. Also, don’t forget about my book, The Latino Journey to Financial Greatness. It was written to motivate you to take action and give you a plan for a great life with lots of money!
OPEN YOUR EYES MAGAZINE THE HOTTEST LATINO MAGAZINE IN AMERICA! © 2004 Tlahtoani Media Group, LLC The Latin Magazine featuring hot Latinas, beautiful Latinas, Latina models, Latin girls, Latin women, Latin models