I say this because I know of many who have negative impressions about $Money$.
Everyone in this planet wants to be wealthy however many are not comfortable about the topic of money. Many have not come to terms with their emotion towards wealth. One simple explanation about this is that we were brought up having different images of money. Many things about money are not taught in school.
Let’s be honest, would you consider yourself successful if you’re not financially stable? Accept it or not, the size of your bank account is a measure of your success. But it’s not the amount of money that is all important, it is how and what you become out of the money you make.
Try to ask yourself these questions…
1/ Why do you want to be successful?
2/ What do you need to become successful?
3/ How will achieving success affect you and your loved ones?
On this note, let me share with you 10 Financial Lessons for a Richer Life
1. Money Doesn't Buy Happiness
A famous Beatles song says… Can't Buy Me Love… True? I think so too but we would often think otherwise in real life. For years we would be working in large corporations making good money, many not even enjoying the job until one day we wake up finally realizing that money in itself does not make you happy, and the accumulation of money will do very little for your happiness unless you know how to use that money once you have it.
The happiness comes from the opportunities money makes available so that you can do the things that you want to do. If you have no idea what these things are, no amount of money will make you happy.
2. Goals Are the Key
I didn't begin to make specific financial goals until my early 30s, and it kills me that I lost 10 years in this department.
The old saying that if you don't know where you're going, it's difficult to get there is never more true with your financial goals. It wasn't until I took the time to write down my financial goals in detail that I began to find financial success.
Financial goals give you something to strive for and give you clear knowledge on how you want to spend the money that you earn. They also greatly help you avoid impulse purchases and spending money on things that aren't important.
3. Impulse Purchases Dash Dreams
Have you ever gone to the department store or supermarket, bought something that you never used? Of course, we all did… that’s impulse buy.
Impulse spending (or spending money on anything that isn't important to you and your goals) is the worst type of spending that you can do, yet this is how most people spend their money when they don't have financial goals.
It's especially destructive if it also leads to credit-card debt. Impulse purchases come about when you aren't really sure what you want in your life or what will make you happy.
This is why advertising is so effective. Advertisements make you believe that buying a product or service will give you the happiness that you are seeking, when this is rarely the case.
If you can learn to be patient with your money and avoid impulse purchases by knowing what your financial goals are, you will have made major strides in getting your finances in order.
4. Buy Memories, Not Things
A big con our society plays on us is that stuff will make us happy. I fell for it for far too long.
When it comes to spending the money that you do have, buying experiences and memories with those whom you care about is a much better use of your money than purchasing material things. It's not the house that you buy, but the home that you make with your family inside it that matters.
When you look back on your life, you will remember the times, memories and experiences far above the things that you have purchased.
Understanding this will ensure that you get much more value out of the money you spend.
5. TV Is a Dream Killer
I once believed that I didn't have the time to do all I wanted to do, but it was nothing more than having poor priorities in how I spent my time, watching TV being one of those poor choices.
I hear time and again that people simply don't have the time to achieve the goals that they have. If you are the average person, that time you don't have is being spent in front of your TV. If you want to achieve your goals and dreams, the first thing to do is start to wean yourself off your TV.
You can't imagine the amount of extra time that you have and all the extra things that you can accomplish when you take the time spent in front of the TV (or computer or whatever other form of procrastination you use) to work on the financial and other goals that you have.
Interesting? More to come tomorrow…
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