Who took your money?
Money is necessary for everybody. All of us want to make money. Keeping money is equally important. We strike to safeguard our money, but we encounter many hindrances in our quest. In this blog post, we are going to discuss certain aspects which take your money.
Your ignorance took Your money:
It has to be agreed that most people don’t know the nature of money. Money should flow like a river water for it to remain usable. Money put into use will give returns than the money with the kept stagnant as savings. Ten years ago, people got their salaries in their hands, but now the money is credited into bank accounts. Have you ever thought why? The world needs money. The world needs your money
Banks will lend money to people and businesses which help them make more money. Learn to invest like you learn any basic life skill. It is all so very interesting that religious books like Bible also teach us about prudently handling money.
Your emotions took your money:
We have troubles in differentiating between our needs and wants. Needs are things necessary to run our day to day life. But, Wants are associated with emotions. Everybody needs a mobile phone, but few want costly mobiles.
Our investments in fulfilling our wants, leave us with a lot of unwanted stuff and cost us opportunities to put the money into more fruitful use. Even worse, people get trapped in debts by trying to fulfill their needs with borrowed wealth. Many of our habits will also cost us money, laziness, procrastination are few such habits. Be like businesses, borrow for capital, not for expenditure. Many of us want to show off as if they are wealthy, it ultimately makes us poor. That is why we get EMI debited message as soon as salary credited message is received.
Your attitude keeps you poor:
I want you to be honest in answering this question, what do you think about rich people? Most of think rich people to be immoral, disloyal, making money out of other people’s work. These people have a negative attitude about being rich and rich people. Rich people generate money, while poor people look to earn money. Rich people keep them at the center of center of a cash flow system, namely, a business or an investment. Poor people will look to benefitted out of that system. The rich knows that money begets more money than human efforts, luck or any other tangible on intangible force. Don’t be afraid to put your money into use. Learn how can you put your money into use, the best known methods now are investing in enterprise or equity.
Be like banks, don’t keep your money idle, barring a small amount for emergency purposes, as warren buffet said, if you don’t make money while you sleep, you will work all your life. Save yourself. Invest your money, generate a cash flow, then you can keep your money.