I will prevent pests from devouring your crops, and the vines in your fields will not drop their fruit before it is ripe". The scripture says, "Test me in this and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it. The pastor was describing how in Malakai the Lord was telling the Israelites that they had robbed him in tithes and offerings. I had been to church as a kid, and I saw the plate go across the aisle, but I didn't really know what it was all about. One day when I went, and the message was about tithing, which I knew nothing about. When I was back in my homeless days I was attending a church. Giving is the Most Important Finance Principle Giving is Returning What is the most important finance principle? I think it's the ideal investment, but it's still not the most important principle. You also get the potential for appreciation, and you can use leverage to acquire it. If you buy it correctly, you get instant equity. You get the income from it if you own it long term and you can get depreciation, so that makes that income more tax advantage. You know me, I wrote the book on how to be a real estate investor, and I do think that real estate is the ideal investment. How about to invest in real estate? You're thinking, "That’s what you've been driving at Phil, because you're a real estate investing guru, you want everybody to invest in real estate." Well, interestingly, this is also not the most important personal finance principle.Is this the most important principle? It's an important one, but not the most important one. ![]() I've talked about how powerful it is to own your own business and to run that successfully, and then take those profits and invest them. I put together a video directed toward graduates on how they can become wealthy more efficiently than through the traditional means of getting a job, saving a little bit of money on the side, and then slowly building up.
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