The Wise Investor
from work, a government pension, or some other
income. Whatever the source, you will not have
freedom, security and independence."
Kate had to admit that she was one of these
people herself, and although she owned more
possessions than she had ten years before, she
could not really say that she had built up a store of
assets and wealth that gave her an income and
"The next common mistake is a lack of planning
and organisation. Some people are highly organised
in their personal lives, and other are ramshackle and
stumble from one moment to the next.
Neither person is better, and a healthy balance of
both qualities can make a balanced and happy
person. However, when it comes to money, it is
essential to be organised. You must plan ahead and
budget your money. This will not make you wealthy,
but it is an essential ingredient and the first major
step on the path. Without being organised, you
cannot achieve financial success."
Kate was becoming a little depressed. It seemed
that she had made every mistake in the book.
"Having made these mistakes," John continued
with a wry smile, "we come to the most insidious
and destructive mistake of all. This mistake leads to
financial failure, and also bitterness and an unhappy
Kate was intrigued.
"Many people blame others for their problems,
and rely on others to solve their problems for them.
These two attitudes will cause you to fail with
money. Not matter what problems other people
have caused you, you are the only one who can
solve your problems.
You may not be the cause of all your problems,
but you must be the solution.