Let me ask you a very simple question. Do you want money? Of course you do!
Everybody wants money. You might think my next question is even sillier, but I'll ask it anyway. 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.
Lots of money = 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:
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:
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 budo@iinet.net.au 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."
limo prices to midway Crystal Lake west of Randal .. Lockport Chicago limo O’HareVery few people whom I know are familiar with the... Read More
Planning for the undesired, accidents and possible unknowns in life.... Read More
Look at Forbes' top 10 United States wealthiest people. Notice... Read More
I want to share an experience I had in common... Read More
"If you know how to spend less than you get,... Read More
There is no need to use the many middleman websites... Read More
Financial planning often gets a bad rap. Part of the... Read More
At any time in history, no matter what the current... Read More
As a woman Netpreneur, I sat down via e-mail with... Read More
E-currency is very popular on the Internet today. People use... Read More
In theory the idea of generating additional (and passive) business... Read More
Have you wondered why financial experts only tell you certain... Read More
It is sometimes pitful how many projects are never born... Read More
You may think you have to be an entrepreneur to... Read More
1. Save up to 50% per month on convenience cleaner... Read More
When you purchased your home, you most likely got a... Read More
This is a true story from my own experience that... Read More
Recently, one late winter night, my four-year old son and... Read More
One of the things most of us have old ideas... Read More
The fact is that most people continue to work for... Read More
According to Wallace Wattles, in his popular wealth treatise called... Read More
No matter what markets you serve; what products you sell;... Read More
In light of the dominant mindset overshadowing the market these... Read More
Here's the truth: I have read hundreds and hundreds of... Read More
No one has complete control over their thoughts. But with... Read More
taxi o'hare Auburn ..When I was a student in London, I had a... Read More
Let me ask you a very simple question. Do you... Read More
Let's quickly review the principles discussed in the first part... Read More
It's no secret that the market goes UP...the market, goes... Read More
One of the things most of us have old ideas... Read More
Most people work hard all their lives only to "retire"... Read More
Bottom line. No exaggeration. No hype. If you want to... Read More
I have a good friend who works in an area... Read More
"My people are destroyed for lack of knowledge." Hosea 4:6... Read More
The inability to come up with the necessary cash when... Read More
Six out of six people who were asked to list... Read More
You have probably heard other people say that "Money isn't... Read More
Key 1 Pay your self firstkey 2 Saving is not... Read More
Financial independence is having the freedom to support yourself through... Read More
Whether an established conglomerate or a fledgling company, a business... Read More
Feel like a lemming lately? Ready to follow the crowd... Read More
At any time in history, no matter what the current... Read More
Not Enough Money?I believe that most people haven't got enough... Read More
Everyone dreams of early retirement. The idea of no longer... Read More
For most of us, the idea of retiring simply on... Read More
They are the object of thinly disguised envy. They are... Read More
The four main steps in building a wealth cycle foundation... Read More
Building wealth is as simple as saving a little bit... Read More
The idle are a peculiar kind of dead that cannot... Read More
Recently I was reading a book called The Millionaire Mind.... Read More
Wealth Building |