by Stanley Courage Dugah

Created on: June 04, 2009   Last Updated: August 04, 2009

In today's world of ours full of economic booms and busts, it requires more than hard work and persistence for anyone to become financially prosperous. You may be hard working but never attain the financial prosperity you desire. You may even become poor overnight by plummeting sales of shares you have invested in, in addition to been laid off at the workplace thereby losing a vital source of income. However, there are ten golden rules that can ensure your financial prosperity, keep you afloat during economic downturns and even help you to survive a recession. Just like how obeying the Ten Commandments will guarantee anyone a place in heaven, so will the ten golden rules below help anyone to become financially independent and prosperous.

Make Up Your Mind: This is first step to financial prosperity. Tell yourself that you want to become prosperous and stick to that goal. Never let old habits such as dipping your hands into your savings and living an extravagant lifestyle get back into your life. Resolve not to have any negative thoughts about your finances. Develop a positive mental attitude and keep putting the ten golden rules to test.

Pay Yourself an Income Tax: The government regularly takes a percentage of your income as tax; won't it be just right if you pay yourself also an income tax? Just fix a percentage, let say between10% and 30%(depending on your level of income) which you will regularly deduct from your income and save somewhere. Also ensure that what you have left after the deduction will only cater for your needs for that month or week. When you start practicing this law do not skip any month or week, be motivated by constantly reminding yourself that you are on the right track to financial prosperity.

Live Below Your Means: It is often advisable to cut your coat according to your size in everything and in this case spending only what you can. However, it is further advisable that you rather live below your means and not according to or above it. If after deducting the tax paid to yourself you still have enough left to go through the month by eating in fancy restaurants, then you are going off track in your quest for financial prosperity. Preparing your own meal to save some cash to add to the tax paid to yourself is more advisable. Remember not to only live below your means only in matters of food but in terms of other expenditures, however not compromising your living standard.

Be a Lender Not a Borrower: I once read somewhere in the Bible that

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