Dripread - Book

Frank said, "You might like to know that although the property cost in excess of a half million pesos, I only made a deposit of five thousand pesos. It costs less for our family to live in the Jardines del Pedregal de San Angel than in our former home."

"Why is this?" I asked in surprise.

"Well, we bought the two homes that were on the property instead of one. The rent from the one house is enough to make payments on the entire enterprise.

Now this wasn't so surprising after all. It's quite common for a family to buy a duplex apartment and rent one and live in the other. What is surprising to a person without experience is how easy it is to get what you want by understanding and applying the success principles to be found in an autobiography or self-improvement book.

"Attract wealth with PMA," we say. You say: "Money makes money and I have no money." This is a negative mental attitude. If you don't have money, use OPM. That's what the next chapter is all about.

PILOT NO. 12 Thoughts to Steer By

1. If you know your specific destination and take the first step, you're on your way!

2. The test of your faith is whether you apply it when you are not in difficulty, as well as at the time of your greatest need.

3. If you don't succeed when you finally read and study Success Through a Positive Mental Attitude, with whom does the fault lie?

4. The house of your dreams: You can have it! Like Frank and Claudia Noonan, you may buy two houses and rent one to pay for both.

5. Do you need to be in an accident or get sick and land in a hospital to establish the habit of regularly engaging in study, thinking and planning time regarding your personal, family or business life?

6. Have you made a start toward achieving desirable goals by: (a) writing down each goal, (b) setting deadlines for reaching them, (c) setting high goals, and (d) inspecting your written statements daily?

7. Where will you be and what will you be doing ten years from today if you keep on doing what you are doing now?

8. The Richest Man in Babylon: This book gives you a proven formula of success:

(a) Just save one dime out of every dollar you earn.

(b) Each six months invest your savings, and the interest or dividend returns from these savings and investments.

(d) If you need the money you are saving for living expenses or necessities, then work an extra hour (or more) so that you have no excuse for not saving 10 percent of your earnings.

ENGAGE IN:

STUDY...

THINKING...

AND PLANNING TIME WITH PMA!

CHAPTER 13

If You Don't Have Money-Use OPM!

Business? It is quite simple. It is other people's money!" said Alexander Dumas the Younger in his play, The Question of Money.

Yes, it's that simple: use OPM ? other people's money. That's the way to acquire great wealth. Benjamin Franklin did it, William Nickerson did it, Conrad Hilton did it, Henry J. Kaiser did it, Colonel Sanders did it, and Ray Kroc did it. And if you are wealthy, the chances are you did it too.

Now, if you are not wealthy, learn to read what is unwritten. In fact ? rich or poor: read what is unwritten into every platitude, axiom, or self-motivator. The basic unwritten premise in "Use OPM" is: that you will operate on the highest ethical standards of integrity, honor, honesty, loyalty, consent, and the Golden Rule and apply these in your business relationships.

The dishonest man is not entitled to credit.

And the self-motivator Use OPM implies repayment in full as agreed with an advantageous consideration or profit to those whose money is used.

Credit and the use of OPM are one and the same thing. It is the lack of a satisfactory credit system within country that keeps backward nations back. Whereas it is the credit system as practiced in the United States that has developed such great wealth and progress in this nation. It has been singularly American.

Now the person, corporation or nation that does not have credit

? or does not use it for expansion and progress if they do have it

? is missing an important number in the combination for success. Therefore take the advice of a wise and successful businessman like Benjamin Franklin.

Good advice. Advice To a Young Tradesman written in 1748 by Franklin, discusses the use of OPM as follows:

"Remember, that money is of the prolific, generating nature. Money can beget money, and its offspring can beget more," and so on.

Also, Franklin said:

Success Through A Positive Mental Attitude