|
Author: Gary Simpson Article source: http://www.oceanroc.com/. Used with author's permission.
If you want money you need to learn how to control it. You need to improve your financial education and build your discipline. I am going to reveal to you how you can do both. Let me ask you a very simple question. Do you want money? Of course you do!
Everybody wants money. You might think my next questions are even sillier, but I'll ask them anyway. Would you like to have money all the time? Do you really want money?
You see what I am asking you, by adding the word "really," is do you actually want the money itself or do you want the freedom it can buy you? Ahh. Now you see what I am getting at. What you really want is the freedom that the money represents. What you really want is freedom.
Access to money allows lots of freedom.
What would be the point of being a millionaire or even a billionaire if you were serving a prison sentence for the rest of your life? Your loss of freedom would render your prime use for that money next to useless.
So, how do we get money? There are many ways. We can work for it, receive commissions, receive royalties and we can accrue it from things like interest and investments. We can even steal it, much as I dislike even mentioning such an option.
In reality there are only two basic ways of accumulating money:
1 - we can work for it ourselves by exchanging time and effort,
2 - our existing money can be put to work to replicate itself.
For most people, it is not how much they earn, it is how much they are able to keep. That is the single most important difference between becoming wealthy and staying poor. Spending more than we earn is the recipe to certain financial disaster. Yet most people do just that.
The answer to becoming wealthy is financial education and discipline.
There are many ways to educate yourself better in the ways of handling money. However, by far, the easiest is to gather the knowledge through the wisdom contained in appropriate books. In my opinion, there is no better general resource than George Classon's timeless classic, "The Richest Man in Babylon". I highly recommend it.
I know from experience that those who desperately need the knowledge this excellent book contains will never read it - even if it were placed in front of them every day for a month. That is why they are poor. They think poor and do nothing to change it. What is in their wallet or purse is a direct result of what is in their head, or, more correctly, what is not in their head.
The poorest people are the people who spend the greatest amount of money on trash. They would never think to buy knowledge or invest in their greatest asset - their brain!
There is another very powerful thing that you can do to prepare yourself to handle money wisely. If you want to have money, I suggest a good place to start is with your own discipline. This is another area where poor people fall well short.
If you want to elevate your self esteem and improve your discipline both at the same time, try the following. It will ensure that you have money all the time:
Go to your bank. Withdraw the biggest single denominational note you can (say $100). Put the note in your wallet or purse then, and here comes the most important part, DO NOT SPEND IT!
Nothing will give you greater self esteem and nothing will build financial discipline stronger than doing this.
I have been walking around with three $100 notes in my wallet now for over a month. I refuse to spend them. I go into shops, I look at things I want, I think, "Gee, I'd really like that!" then I turn around and walk out. How much money do you think I have saved by not giving in to impulse buying?
My $300 gives me a great lift. It gives me tremendous self esteem to know that I can afford to buy lots of things if I want. I am in control of that money. It is not controlling me. I am exercising my discipline not to spend it.
I have other money in my wallet. It's just that the $300 is what I call my "quarantine money." The other money is my budget money.
If you want money you need to learn how to control it. You need to improve your financial education and build your discipline. I have just revealed to you how you can do both. Now that you know, will you do anything about it? Hmm.
[If you like this article and would like to use it on your own website or ezine you may do so ONLY if the article is not changed in any way and the final paragraph: "About the author", with all links intact, is included.] About the author: Gary Simpson is the author of eight books covering a diverse range of subjects such as self esteem, affirmations, self defense, finance and much more. His articles appear all over the web. Gary's email address is budo@iinet.net.au. Click here to go to his Motivation & Self Esteem for Success website where you can receive his "Zenspirational Thoughts" plus an immediate FREE copy of his highly acclaimed, life-changing e-book "The Power of Choice."
How to Read a Fashion Magazine
Ever felt depressed after reading a fashion magazine? It's probably because you were focusing on the models or the impossible-to-afford clothes. Don't do it a...
15 Link Exchange Tips
Establishing inbound links through reciprocal link exchanges is a very effective promotional and advertising tool. If done correctly, building inbound links ca...
Menopause and Progesterone
Is it possible that menopausal symptoms such as mood swings, depression and hot flashes are caused by lowered level sof progsterone as women age?
Mr and Mrs Smith Go Online, as Internet Technology Moves from Fantasy to Normality
Whilst not all Smiths lead the glamorous technological lifestyles of Brad Pitt and Angelina Jolie, the number of British consumers using online financial servic...
Phishing and Pharming: Dangerous Scams
As soon as almost all computer users already got used to -- or at least heard about -- the word "phishing", another somewhat confusing word appeared. Pharming. ...
Discovering the Truth on MLM
Many times we've heard that the truth on mlm can set you free. That couldn't have been said better. Basic processes need to take place...
10 Critical Ways To A Perfectly Food-Safe Kitchen
Food poisoning is related to unsafe food, a dirty kitchen, and dirty kitchen appliances. If you follow some safety rules, food poisoning will never occur. Your...
Know the Signs of Depression and Improve Your Life
It's very important to know the signs of depression. You need to be able to identify the signs in yourself, your family and your loved ones. You may be able to ...
Internet Scams: Dont be a Victim
This article deals with 3 of the most common types of Internet scams. Advanced fee fraud, phishing, and vehicle sales fraud. It give avice on what to expect and...
A Constipation Home Remedy - Cayenne
Cayenne is a constipation home remedy that is effective in producing peristalsis in your colon and aids digestion. It can be used regularly at every meal and wh...
Creating Personal Web Sites (Part 2)
This is the second part of a two-part article about creating a web site on the Internet and the tools that you will need to do it.
Color Help: Color Theory and Design Psychology
Color theory is an entire science unto itself, and to get a full picture of how it all works, I'd suggest picking up a few art books. In this article, however, ...
What is Debt Consolidation?
Here is a useful guide to what is Debt consolidation.
Do You Love Yourelf?
Self-love is not so much a feeling as it is an absence of self-doubt and self-disapproval. It is a sense of balance and belonging. Respect, responsibility fo...
How to Select an Interior Designer
How to find and hire an interior design professional.
Increasing Human Brain Power, Concept
Is it possible to increase the human brainpower? Not just become smarter, but actually more power and energy? Some say yes and NASA is working on ways to do jus...
Why eBooks Are The Most Overlooked Path To Online Prosperity
The Internet now makes it possible to come up with an idea, turn it into an ebook, distribute it over the Internet, and start making money - all n 30 days or le...
Starting A MLM Home Business Affiliate Program
A MLM home business affiliate program is how individuals gain commissions by referring customers or other affiliates to a business. They often receive percenta...
How to Choose the Proper Entity for Your Business
First, let me state that I'm not an attorney and the rest of this article is just based on my experiences so I'd advise you to contact John Hyre at www.realesta...
Help for the Meeting-Weary Manager
Most of us have found ourselves working on a team at one time or another. That means we have been asked to attend, and even participate, in lots of meetings. ...
Home Equity Loans - How To Use Your Homes Equity to Consolidate Debt
If you are in a lot of debt, a home equity loan could be the way for you to get on top of, and start paying down that debt.
Add a Special Touch to Your Stamped Cards with Embellishments
Once you have the basic stamping techniques mastered, you will likely want to move on to something more. By adding embellishments to your handcrafted cards, you...
Open the Cash Vault Inside Your Home
Believe it or not, many people do not understand equity and the power it provides.
My Way Or The Highway: Give Your Financial Professionals A Good Talking To!
Investing is more then stock markets and banking terminology. Investing is the activity, but its Compounding we strive for, what we are really talking about. To...
|
Print this page