4 Philosophies Which Can Revolutionize the Way You Handle MoneyMay 26, 2021
What is your philosophy on money?
Did you know that one of the most important relationships you’ll ever experience in life has nothing to do with people? It sounds strange, but it’s true. If you’re wondering what this mysterious relationship could possibly be, the answer is simple. It’s your relationship with money. The beliefs people have about money do more to influence our fate than most of us realize. Financial Expert Remez Sasson suggests that “Your attitude plays an important role in attracting money into your life, or driving it away…. With a negative attitude towards money, you might make some errors in judgment that cause you to lose money. On the other hand, if your attitude is positive, you will attract money into your life in various ways.”
Here are a few important values to embrace if you truly desire financial success:
1) Money Takes Time to Grow
One of the biggest reasons why people struggle with money is because they expect to become instant millionaires. But that’s not how life works. No matter what it is you invest your money in, it takes time to realize a profit. It can take as long as years or decades.
2) Bad Emotions Cost Money
The main reason why people end up in debt is because of uncontrolled spending. And uncontrolled spending mostly happens because people randomly buy things to experience satisfaction. Even if this satisfaction is fleeting. The next time you feel angry, sad or anxious, make an effort to resolve that tension without going on a shopping spree.
3) There’s Nothing Wrong with Living in Your Truth
Buying things you can’t afford is like volunteering for a prison sentence. The more extravagant you’re spending is, the less financial freedom you can expect to enjoy. If you want your wealth to grow, never be ashamed of living within your means. Even if your means are humble.
4) It’s Smart to Save
Having a cushion of savings is one of the most important lifelines a person can have. The bigger the cushion in fact, the more the safety. Always practice saving money as part of your spending habits. Dedicate a fixed percentage of everything you earn towards high-interest savings accounts.
It takes more than hard work to build wealth in life. Financial success also requires wisdom and sobriety. Regardless of whether you’re rich or poor, as long as you lack the temperament to manage money responsibly, it will gradually drift away from your grasp. If you’ve never taken the time to examine your beliefs about money, pause for a moment and do some reflection. Enlighten your perspective so that you can abandon the hang-ups which limit your potential. If you like what you just read from our blog, you’ll love the various informative courses, workshops and events listed on our websites and social media. Whether you’re interested in personal development, or overall improvement of your business, give us a call at 1 (888) 823-7757 to find out how The RISE Academy can help you break past your daily struggles and start soaring in success. For business development coaching by Richard Martinez, call at 626-202-2291 or follow us on Facebook and Instagram.
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