Money Skill #23: Apply appropriate formulas


"Life is the only game in which the object of the game is to learn the rules." -- Ashleigh Brilliant

"I can give you a six word formula for success: think things through -- then follow through." -- Eddie Rickenbacker

A most important general money skill is the use of formulas. My Webster's defines "formula" as: "1b. a conventionalized statement intended to express some fundamental truth or principle especially as a basis for negotiation or action; 2a(1): RECIPE; 2a(2): PRESCRIPTION; 3a: a general fact, rule, or principle expressed in symbols; 4a: a prescribed or set form or method..."

In CREATIVITY REPORT #1 and CREATIVITY REPORT #2 I provide a number of formulas for a range of "levels of creation."

You can continuously improve the formulas you apply in relation to money (and every other aspect of your life). You can apply the scientific method to do this -- see Money Skill #2.