Even large corporations must analyze every penny spent. A large Colorado resort complex. For example, found that it had made a profit of $5,350.00 at the end of tourist season. The stockholders clamored for dividends. To everyone's surprise, the corporation president resisted the public's demands. Instead of paying out the profits, he invested the $5,350.00 into new land and machinery. This decision doubled his profits within twelve months. The system has been adopted by many other companies and by smart, forward-looking individuals. More than eighty years ago, an English writer said it well for us. "All the money in the world is no use to a man or his country if he spends it s fast as he makes it. All that is left is his bills and the reputation for being a fool, " wrote Rudyard Kipling.
According to the American Banker's Association, not enough people pursue the savings habit. Those who do save and then invest money will inevitably gain their financial independence. Some people even do better than that. Take the case of oil billionaire H. L. Hunt, for instance.
Hunt was one of eight children. His parents had great financial problems, but the future oil man managed to save every cent he could from his livelihood as a cowboy and lumberjack. When he was 21 years old, he had saved enough to buy some Louisiana farm land. He bought and sold land, always investing the profits before he went into the oil business. He did so on OPM, by acquiring leases on credit. One of these oil leases turned into a gusher. H. L. Hunt and the rest is history.
Now you have seen how applying your 10% with OPM becomes an easy task. The heart of any program is not in the program itself, it's in your willingness to implement it. The program is not worth anything if there is no participation.
Thank you for your attention. Next chapter will deal with taking money and putting it into action.
Happy Trails
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