Some people spend money like drunken sailors and then there are people that don’t have a good track record for managing money but still insist on pulling the purse strings .
If you don’t have a good resume for managing money then you shouldn’t be in charge of the public purse or private business purse .
With your own money you can do what the heck you want .
A fool and his money shall soon part ways
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I have seen people exhaust budgets and create large deficits .
This is not a post to tell you what to do but more so give advice for those of you who want it .
For those of you that don’t want the advice feel free not to read my entire post .
I value money and time .
Attracting money is one thing however maintaining and growing is totally different skill .
Most people live beyond their means .
Most people don’t know the difference between assets and liabilities although they think they do .
How many times have you heard of people winning lotteries and then goingoing broke ?
How many athletes and entertainers have you see sign multi million dollar contracts then end up broke during retirement ?
Uncle Sam doesn’t discriminate and wants his tax money .
Yes there are ways of reducing your taxes but that’s a whole different topic .
In addition to paying taxes we have bills to pay monthly bi-weekly weekly etc .
Budgeting and investing is fundamental .
Saving money is not as good as investing your money into capital appreciating assets .
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The money you put in the bank only earns you a tiny percentage .
When you factor in inflation the gains you make in the bank get erroded .
It doesn’t help when you rack up credit card debt and debit card overdrafts .
When you start spending out more than you are bringing in you are putting yourself in a deficit .
The amount of people I see working 2 &3 jobs to compensate is insane .
All of this could be avoided with a few adjustments .
Instead of cutting back on expenditures and scaling down they’ll keep spending .
Instead of paying 2000 dollars per month in rent you could atleast find a place for $1800 or $1700 .
Now some of you have purchased condominiums which means you are committed to monthly mortgage and a maintenance fees .
In this particular scenario advertise your room and use it as an Air bnb and or find you a room mate to help offset your expenses .
If you can find some one to rent your place on a seasonal basis while you live with a relative for that period you can save a bit of money .
Money is to be attracted and not chased .
People that chase money end up with the least because they resort to desperate measures .
Desperate people will sell their services and self short just to win a contract or get a job .
They thirst for money but can’t manage it .
To each is own but some people haven’t learned how to allocate and invest money into things that will earn them a return on it .
Money hungry people aren’t rich and successful .
Rich people invest their money into assets but poor people focus their energy on chasing money .
It’s not how much you make it’s how much you can invest and grow .
I don’t get caught up into get rich quick schemes because it’s all a scam.
The financially illiterate and money hungry people fall for those traps .
I can’t stand being around people talking about money all day .
I prefer to listen to people talking about solutions .
Every one has problems that need to be solved so therefore the problem solver is the person generating in come .
People bypass that and look straight at the product .
A product can’t sell itself and I am not saying that the sales process is 100% human interaction and solution but majority of it is.
Skillsets solutions, conversations open the door for sales to be made .
Attracting money is not complicated however it’s an art .
Even more important is that it takes patience so if you aren’t patient you are bound to get scammed and possibly bank rupt your self .
Countless people have been scammed due to a lack of patience
People that are destitute for money are the easiest victims .
Scammers and deceivers are out here enticing and antagonizing people with screen shots that aren’t real or legal .
Don’t thirst for money
Being thirsty for money isn’t going to fatten up your bank account . You attract money by Applying your skillsets .
Be patient Don’t be in a hurry to get rich , it isn’t going to happen overnight .Do know that no matter how much you achieve there is still room for improvement .
Another thing You keep doing is measuring your growth based on what other people are doing and distracting yourself from the accomplishments you have made .
Read books
You can learn financial literacy on YouTube in books and or on podcast .
Investopedia is another good source to learn about finances but use discernment though .
Heres a lits of books you can invest in to learn about investing .
Intelligent investor
Common stock uncommon Profits Security analysis
Those are a few of the books that I have in my library .
Don’t get scammed .
Any one making promises to offer you huge returns in a short short period of time is lying . If you take and invest your money into stocks the interest will compound and over time you’ll get rich .
Conclusion
You only get out of life what you put in