Content
How Not to Think About Money: 10 Secrets of Wealth That Millionaires Won't Tell You
17.10.2024 10:20
In the modern world, success and financial well-being play an important role in the life of every person. However, the path to them is not always obvious and simple.
It is important to understand that success starts with the right mindset and approach to money.
In this text, we will look at key principles that will help you not only accumulate wealth, but also learn how to manage it effectively.
From properly evaluating purchases to investing in your own education, each of these steps will bring you closer to financial independence and success. Start changing your life today!
The best time for success
There is no better time to start becoming successful, changing quickly, and accumulating wealth than right now. How you live today determines who you will become in the future.
Look into the distance
When you buy something, always evaluate it in terms of its long-term effect.
That is, look not at how much you will formally spend, but at what resources, what investments this will require in the future (not only financial, but also labor or time).
Unhealthy attitude towards money
Many people experience two opposite emotions towards money - love and hate. They love it because they can make purchases and get positive emotions.
They hate it because when they don't have enough, they feel like money controls their lives. If they don't have money, they borrow or take out a loan. Avoid emotional shopping and credit cards.
Incorrect programming
Most people think that money is valuable. It is not. Money is just paper. If you set a goal "I want a million dollars" - it is meaningless.
What you are really saying is that you want a bunch of papers. Make it a realistic goal, not just money. That is why rich people don't keep their wealth in money.
Money vs. Value
Money grows on its own when we focus on creating value. We must learn to create value that others need.
Then you will earn good money. Why do many people who won money in the lottery quickly lose it? Because they did not know how to create and did not create value.
How not to think
If your environment has a negative attitude towards money, says that money is evil and wealth spoils people, the subconscious is programmed against achieving wealth. This approach needs to be changed.
Purchase Rating
One of the bad habits is that we never count how much a purchase really costs. We don’t know how many hours of work, energy and effort we will have to invest in order to afford this or that thing.
Build a habit of evaluating a purchase before you make it. Think about how much money you could earn by investing that amount wisely.
Using money costs money
There is a commission for the financial transactions we carry out. Many people do not pay attention to this, but it is often a large sum.
Are you ready to waste more than 15% of your working day just because you withdraw money from someone else's ATM?
Successful people don't keep their wealth in money
Rich people have assets, poor people have loans, debts and liabilities. It is necessary to keep the state in assets in order to save it from inflation.
Invest in your learning
Learning is your most valuable asset. By developing new skills, you can earn more.
Or learn business skills and make it so that it’s not you who earns, but others who earn for you.
Previously, I talked about how to increase your productivity and get more work done with less effort.
