12 Principles of Money
e·piph·a·ny [ i píffənee ] noun
Definition: 1. a sudden realization: a sudden intuitive leap of understanding, especially through an ordinary but striking occurrence
It goes without saying that every one of us has experienced an “ah ha” moment at some point in their life, a moment where one wakes up to an idea or a concept that should have been self-evident all along. Another way I’ve heard this moment expressed is referring to this as a BFO, or a “Blinding Flash of the Obvious”. Either way, what the epiphany does is bring clarity to an otherwise unclear concept or bring awareness of something you were previously unaware.
As you read The 12 Principles of Money it is my hope that you will have many, many epiphanies. Ultimately, it is my hope that the ideas and concepts I share with you about money will provide you clarity and awareness so that you can benefit from them.
These principles are not mine. That is, I deserve no credit for creating or discovering them. I am simply reporting them, explaining them, bringing them to your attention. If I do a good job with my explanations I believe that you will begin to understand why some of your choices and decisions about money have worked and why others have caused you failure. I must confess, I’ve made and will continue to make some poor choices and decisions myself. That said, like you, we can now utilize these principles, The 12 Principles of Money, as our compass to help put us back on track when we get lost.
It’s a good life!
Randall A Luebke RMA, RFC
- The 12 Principles of Money The Regeneration Principle - No Waiting for 2010 e·piph·a·ny noun Definition: 1. a sudden realization: a sudden intuitive leap of understanding, especially through an ordinary but striking occurrence It goes without saying that every one of us has experienced an “ah ha” mo...
- Principle #1 – The Regeneration Principle Definition: 1. to recover from a loss, you need a multiple in gain. As Warren Buffet is reported to have said, “I’m more concerned about the Return Of my Investment than I am about the Return On my Investment.” As we start to define thes...
- Principle #2 – The Opportunity Principle Definition: 1. everything you buy or do that costs you money is financed 100% This principle is one of the trickiest to understand because it is so counter intuitive. Why? Because conventional wisdom tells us that if we pay cash for something there is...
- Principle #3 – The Principle of Compound Growth Definition: 1. exponential growth It is fairly safe to say that most everyone has at least heard of The Principle of Compound Growth. It is also fairly safe to say that most everyone also understands what it means. That said, I am just as certain that...
- Principle #4-The Principle of Leverage Definition: Leverage Amplifies Everything When you think of leverage what generally comes to mind? A fulcrum? A pulley? In the world of money, leverage means DEBT! That's right, whenever you hear the word leverage in the context of money ...
- 007-The Bank of You Univerisity Podcast - The 12 Principles of Money, Principle #4 - The Principle of Leverage The Bank of You University Podcast Episode 007 – The 12 Principles of Money, Principle #4 - Leverage Join us on iTunes today! Select this link to go to iTunes This episode of The Bank of You University Podcast series take...
- Principle #5-The Principle of Arbitrage ar·bi·trage/ˈärbiˌträZH/ Definition: The simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset Think of arbitra...
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