Finally a financial book that teaches you step by step that's easy and simple to understand. This book also goes straight and directly to the point. The information provided in this book never changes. Therefore this book will be a great gift for your loved ones. It will deeply enrich their lives. It's not how much you make, but what you do with the money you make that counts. The people that are successful are principally those who have a vision, passionate about what they are doing, have a plan and develope or create a system that works for them. There are going to be set backs in life but they know that determination and persistance will take them over every obstacle. This book also reveals the key to overcoming fear, procrastination, or any other negative thing that stops you from being successful.

MAXIMUM PERFORMANCE FINANCIAL FOR EVERYDAY PEOPLE

By Herman Barnes

AuthorHouse

Copyright © 2008 Herman Barnes
All right reserved.
ISBN: 978-1-4343-4422-9

Contents

INTRODUCTION..........................................xiLET'S GET STARTED.....................................1BUYING A HOUSE TAKE ACTION............................4TAKING ACTION!........................................5SETTING GOALS.........................................6KNOW WHAT YOU WANT....................................8MINDING YOUR OWN BUSINESS.............................9FOUR O ONE K PLAN.....................................10PAY YOURSELF FIRST....................................11BE CONSISTANT.........................................12WAYS TO GET YOUR COMPANY TO GROW......................13HAVING THE RIGHT ATTITUDE.............................14YOU REAP WHAT YOU SOW.................................16THE LAW OF CAUSE AND EFFECT...........................17RESPECT PEOPLE........................................19HOW TO ACHIEVE YOUR GOALS.............................21HAVE AN AGENDA........................................24EXPANDING YOUR CREDIT.................................31OVERCOMING FEAR.......................................36MONEY MAKING OFFERS...................................39FINANCIAL ADVISORS....................................41HAVING THE RIGHT MIND SET.............................43BUDGETING.............................................44ADVANTAGES OF OWNING A DEBIT CARD.....................46HOW TO CORRECT BILLING ERRORS.........................47SELECTING AN INVESTMENT ADVISOR.......................48

Chapter One

LET'S GET STARTED

Take care of your money when you are young, and your money will take care of you, as you grow older.

The first thing you have to do is to believe that you deserve to have whatever it is that you desire. Everything begins with the mind. Check this out! Whatever you think about, that is what you are going to be about.

So keep telling yourself over and over again whatever it is that you desire to have, until your mind accepts it. The next thing you have to do is exercise faith. For example, you decide to buy a house. I am assuming that you believe you deserve to have a house and have gotten your mind to accept it. Faith is governed by observation and teaching.

You have to go and check the house out, talk to people that own a home and ask questions such as, how much money you need to put down? What location or area is best? Which bank is more reasonable? And what are the benefits of buying a house? And if you are serious you will own a home. I choose having faith to buy a house for this reason: To get the maximum performance for your money. Start with a house.

When you apply for a home loan, the bank gives you options on what type of loan might fit your needs. The three typical ones are fifteen years, thirty years and forty-year loans fixed or variables. If you decide to take the fifteen years loan, the benefits are, you will save money on interest, build up equity faster, and your home will be paid for in fifteen years.

For example, you decide to go into business a few years down the road. By taking the fifteen years loan the equity you build up in your home will provide you with extra money if you need it.

But, if you decide to take either the thirty, or forty years loans your monthly payments will be lower than the fifteen years loan.

Take the extra money that you would have been paying on the fifteen years loan and put it into a No Load Mutual Index Fund.

The difference between a Load Mutual Index Fund and a No Load Mutual Index Fund is, when you get ready to trade a Load Mutual Index Fund you have to pay a commission. With a No Load Mutual Index Fund you do not have to pay a commission when you trade.

By putting your money into this type of fund, you will cover the entire stock market. And you will have a balance or stocks and bonds.

It is not like choosing one individual stock. The index fund over a period of time will grow into a significant amount of money. Always keep in mind, there is more than one way of doing things. These are two ways of getting the maximum performance out of buying a home.

Chapter Two

BUYING A HOUSE TAKE ACTION

Therefore, it is important to have good credit, because the bank is going to check your credit score.

The credit scores range from three hundred and fifty to eight hundred and fifty. And the lower your credit score is, the higher your interest rate is going to be. You will need to have two years or more on a job and in most cases a down payment.

The idea of trying to get something for nothing does not work.

Chapter Three

TAKING ACTION!

Theory is a plan or scheme existing in the mind only. Theory is twenty-five percent and fundamental skills is seventy-five percent. And if you have a plan, but do not take action, you basically waste your time. Fundamental skills mean that you have to function, take action, and carry out your plan. Action always speaks louder than words!

You can read all the books on finance and nothing is going to happen until you make it happen. Remember this; the key to financial freedom is saving. Start saving by living below your means and not within them. When you live below your means you will have extra money to invest. But, when you live within them, you will only have money to make ends meet. To become financially successful, you need extra money to invest.

Chapter Four

SETTING GOALS

Set goals and the time that they are expected to be met. And find ways to support your goals by being creative, and surround yourself with positive people. Positive people are your friends because they will keep you going, when you feel like giving up. Have confidence in yourself, and think big but start small. Because, if you take on something larger than your mind can accept, you are definitely on your way to a let down.

Therefore start small, and every time you meet your goal, reward yourself. This type of action will motivate you and give you confidence to get your wheels turning. And the more goals that you reach, the faster your wheels are going to turn. When you have confidence; you are more comfortable with making decisions. Being comfortable and having confidence in the decisions that you make, is very important.

Chapter Five

KNOW WHAT YOU WANT

Knowing what you want lies the very foundation for every plan. For example, you go to a dealership to buy a car but, you do not know what kind of car it is that you are looking for. The sales person can sell you anything, because you do not know what you want. This kind of action can be avoided through research. So do your homework in order to have a clear picture of what you want.

You probably have heard that you need to own your own business to be financially successful. But this is not true. It takes time to reach the level of financial success. As a matter of fact, we are already in business, in business of course, for ourselves. Now that you realize you are in business, the better off you are going to become. Better off, as in money.

Chapter Six

MINDING YOUR OWN BUSINESS

You are the CEO and your job is to be in charge of day to day operations. If you have a family, you have to delegate some things out. For instance, setting goals and expecting them to be carried out and met on time. And if your employer...