Kids and Cash - Ken Davis and Tom Taylor 1979 Oak Tree Publications

To quote:
"According to Nelson Rockerfeller, the one time Vice President of the United States, his father John D. Rockerfeller, Jr, gave each of his five sons an allowance "We got 25 cents a week, and had to earn the rest of the money we got." To earn part of that extra money he raised vegetables and rabbits........"We always worked. All the boys were required to keep personal daily account books. They were required to give 10 percent of their income to charity, to save 10 percent, and to account for all the rest." They had to balance their account books every month and to be able to tell what happened to every penny they earned."

Robert Allen has this to say:
"It seemed every successful money manager I interviewed was scrupulously meticulous about knowing where every penny went. And, of course, this was the exact opposite of my personality. Although my father was an accountant, I just didn't seem to be blessed with the same genes. I knew how to spend money really well.....but I couldn't save a dime. One day I woke up and realized that in my business career I had literally gone through millions of dollars in profits and royalties. If I had religiously saved 10% of that income....if I had lived the Rockerfeller rules....I should have had a bank account filled with millions of dollars. But I didn't. I asked myself....of all the millions that had gone through my life, couldn't I have lived on 10% less. Of course, and that's when I started to live this rule."

Notice how the 10% rule is unchanged from The Richest Man In Babylon?


Keep 10% of the Money you make from the ideas in The Great Ideas Letter