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    10 to Get In: The Ten Laws of Financial Literacy for Young Aspiring Millionaires
    10 to Get In: The Ten Laws of Financial Literacy for Young Aspiring Millionaires
    10 to Get In: The Ten Laws of Financial Literacy for Young Aspiring Millionaires
    Ebook105 pages1 hour

    10 to Get In: The Ten Laws of Financial Literacy for Young Aspiring Millionaires

    By Michael Scott McCain

    4.5/5

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    About this ebook

    A quick optimistic approach to discovering the valuable lessons many successful people have learned on their pursuit for financial freedom.
    LanguageEnglish
    PublisherBookBaby
    Release dateOct 10, 2017
    ISBN9781543913897
    10 to Get In: The Ten Laws of Financial Literacy for Young Aspiring Millionaires

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    • 4/5
      Solid rules. Good anecdotes and quotes from a variety of sources. Motivational reminders to keep you in track to your goals.

    Book preview

    10 to Get In - Michael Scott McCain

    10 to Get In

    The Ten Laws of Financial Literacy for Young Aspiring Millionaires

    Michael Scott McCain

    Print ISBN: 9781543913880

    eBook ISBN: 9781543913897

    © 2017. All rights reserved. No part of this publication may be reproduced, distributed, or transmitted in any form or by any means, including photocopying, recording, or other electronic or mechanical methods, without the prior written permission of the publisher, except in the case of brief quotations embodied in critical reviews and certain other noncommercial uses permitted by copyright law.

    TABLE OF CON10TS

    Abstract

    Preface

    Monopoly

    Save It!

    APPRECIATION

    Health Is Wealth

    Set Goals

    Network = Net Worth

    TRIAL AND ERROR

    One Basket

    Word is Bond

    Beautiful Karma

    Conclusion

    Abstract

    Growing up in my family, the game of dominoes was a household staple.

    It was how the young kids learned to count, how the teenagers improved their playing skills and trash talk. For the adults, served as a proving ground, where we continued to refine not only our playing skills and trash talk, but as a result our reputations. Dominoes created a bond between family and an unspoken camaraderie between those who really understood the inner-workings of the game and were therefore able to score early and consistently.

    Preface

    One must understand that when playing dominoes, a player’s points aren’t even acknowledged by the scorekeeper until they create a play that produces 10 points or more. Those first 10 points are often referred to as ‘The Big 10’.

    Your Big 10 will help you attain success not only in dominoes, but in the game of life. I wrote this book to make those ten initial points easier to attain and more readily available to anyone seeking to gain a psychological advantage to the mentally stimulating game of financial success.  This book is not about playing dominoes! In fact, it has little to do with the actual game, but everything to do with how to get on the board with your own Big 10 by learning and utilizing your options strategically. Using dominoes as a starting point, this book will guide you through understanding the skills needed to establish financial literacy and a rapport with your future peers and competition.

    This book is a vehicle to help you reach financial goals and develop relationships in a simple way that garners respect early and effectively.

    We’ll start with learning how to score early.

    Learning and recognizing your options is a fundamental tool for choosing a strategy. Once you know all of the options available to you, you’ll be able to better use them to your advantage

    Those first ten points are a rite of passage for any new player. Once you’ve paid your dues by scoring your initial ten you’ve unlocked a new level of confidence; proving to your opponents that you know what you are doing and can hang with the big dogs. For those lucky enough to win a seat at an unfamiliar table and collect those seven bones (dominoes each player needs to play the game); you’d better believe you’ll first be judged by your understanding and application of the 10 To Get In rule

    Like your first ten points in dominoes, the ten points in this book will help you get on the scoreboard of life.

    Monopoly

    PLAY THE GAME OF LIFE

    Some people think Monopoly is just a game

    If that’s your take, you’re probably the one who’s getting played

    If your aim is to win, you have to make a commitment

    You have to devote yourself entirely to acquisition

    Now what is acquisition? It means to go on a mission

    Collect all that you can until you OWN the competition

    There are no electronics, your only concern is appreciation and value

    Apartments, houses, hotels, railroads, but the real trick is learning the how to

    You gotta pay your dues, that first time around...

    After that, pass Go, collect 2 ($200), stack, and buy the town

    Everybody can play, but not everyone has the patience

    To wait ‘til it’s their turn and invest, some rather wait until it’s too late and

    They realize there is no second chance to make that first impression

    As in life there is no second opportunity to make initial progression

    Instinct fuels decisions and traction is made quickly

    The game goes on with or without you, time never stops ticking

    An opportunity to invest may be missed by second-guessing

    Life is a quick teacher, hope you’re learning your lesson

    You may pick up a card, depending on your roll

    Chance is stacked against you, but the Chest is halfway full

    Never get caught with money in your hand,

    The money you clutch will leave you, if you’re not careful where you land

    Get comfortable investing, be wise making decisions

    Make the place your pawn is resting, be part of all that you envisioned

    If not, you pay the price and oftentimes the toll is steep

    Pay it once, you’re fine, but many times cash will decrease

    When it’s all over, it all goes back into the box

    Some players have won, some players have lost

    One wrong move has cost a fortune, some never recover

    They play the left and SWEAR this game is really just for suckers

    Though the victory is sweet when you get close enough to taste it

    Be careful who you’re doing business with, be careful who you play with.

    WHAT IS MONOPOLY?

    Monopoly is a board game that originated in 1903 to promote economic theory. The version of the game Monopoly that we’ve come to know was first published by Parker Brothers in 1935. The object of the game is for each player to make their way around the game board buying and trading properties while collecting rent from opponents until there is one player left with the rest of the players forced into bankruptcy.

    ART IMITATES LIFE:

    Work for your money until your money works for you!

    In life, you must strive to become an owner at all that you do. If not, your life will be manipulated and controlled based on someone else’s idea of what you are entitled to earn and when you are to be compensated.  An owner is always in control of their own destiny and often utilizes other people’s resources to optimize and advance the owner’s interest. Competition is abundant and everyone wants to win. Acquiring property can be a great way to create a recurring stream of income from a single investment. Property ownership is one of the oldest methods of putting your money to work to make you more money.

    Monopoly

    noun mo·nop·o·ly \mə-ˈnä-p(ə-)lē\

    Exclusive ownership through legal privilege, command of supply, or concerted action; exclusive possession or control; a commodity controlled by one party. In economics, a single seller.

    American Telephone and Telegraph company, now AT&T, was established on July 9th 1877, in Boston, Massachusetts. AT&T created an entire network of companies under its umbrella that became known as the Bell System. When Theodore Newton became president of AT&T in 1907, he adopted the slogan One Policy, One System, Universal Service. For the next 70 years, this would remain the company’s slogan.

    On top of providing phone and internet services to large businesses, AT&T also provided services to several government agencies. AT&T bought smaller phone companies to avoid the competition. Though the United States government knew AT&T was monopolizing the telephone service industry by not allowing in any newcomers and consuming its competition, the United States government thought it best to enter into an agreement with AT&T

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