- Commit to Better Stewardship: Take great care of the things you have. You are a steward entrusted by THE MOST HIGH POWER with time, gifts, talents, opportunities, abilities, relationships, possessions, and the blessings of the earth and its resources. You are responsible to Him for their proper use and care.
- Identify & Prioritize Needs: A wise person invests heavily where needs are. Needs Protect Value and Needs Increase Value.
- Exercise Discipline Over Desire: Discipline is not so much a repression of desire, but a balance of desire. It takes willpower. Willpower is like a muscle, the more you train it, the stronger it gets. Willpower can deplete over time, so your intrinsic motivations and your daily disciplines must remain in a constant state of renewal.
- Owe No Man Anything: “Owe no man anything” doesn’t mean “never borrow anything”. In other words, ALWAYS honor your agreements. Render unto ALL their dues. This principle is NOT just about money, but it is the basis of ethical decision-making.
- Accept Nothing Else for Free: EVERYTHING should cost you something. FREEBIES translate into a “Something for Nothing” mindset. A “Something for Nothing” mindset leads to dishonesty, elaborate scams, and other crimes. FREEBIES can also create the universal weakness of “Lack of Ambition”. It lowers your “IQ” or “I Quit Level”. It also makes you a “taker” not a giver. To accept something at “no charge” is NOT the same as accepting it for “free”. When there is no charge, ALWAYS pay a price commensurate to the value of a thing or service to you based on what you can afford. One thing about human beings is we value only that which has a price. Anything acquired without effort, time, and without cost is generally unappreciated, and often discredited. Any person who has the ambition to give up money, time, and/or effort to obtain quality has a sound core management system.
- Don’t Be Cheap – Esteem Value Over Cost: Frugal is good, while cheap (in relation to a person) is bad. Never compromise quality for price. Never allow “penny pinching” to take over your worldview. You indirectly create a habit that shows others how to treat you. When you invest in low-quality items over high-quality items, you’re skimping on value. The same principle can be applied to investments made in people.