The Only #1 Thing I Need You to Know About MONEY — Please Read it Until The End

Why are They BETTER off Financially Than You? — How to Deal with MONEY at The Beginning of Your Life

At this moment, if I give you a million, regardless of the commission, you will undoubtedly lose it after a year from now if not less.

It’s not because a million is a small amount, but because your approach to dealing with this million will definitely not be correct.

If people around you have the same level of intelligence and education as you but have better financial status, sometimes you may earn the same salary as them, yet their financial life is much better than yours.

Is this your situation? Then it is crucial that your relationship and mindset towards money change from now on.

The fact that you are still with me gives me information about you, which is that you are not in the financial situation you aspire to, and calm down because it’s normal.

You, me, and most people are programmed to be in this situation, and programming occurs because our relationship with the field is established from a young age, so your childhood and behaviors from an early age play a major role in shaping your mindset towards money.

As for money management, it is the most important part even more than earning money itself, and this part is missing even in the majority of people. When should I save? When should I spend? Where should I invest? And we all learn this after getting a job, and it is very scary that some people still do not know it until now.

Let’s start with the basis of how you earn wages in this world.

Value is more important than the nature of work:

The type and nature of work are not important; what matters is the value you provide in the market.

You may find there are several engineers who graduated from the same university and have the same qualifications, academic degree, and workplace, but they earn different salaries.

Beyond this difference, you will find that the value they provide to the workplace is entirely different; it could be an additional language or a way of dealing with and acquiring clients, regardless of the reason.

Always try to provide a different and rare value in your field of work.

Contentment:

Note that understanding contentment does not mean living in constraint or limiting yourself and your abilities. Not at all.

Contentment is a subjective matter that varies from person to person, and it simply means that your expenses and obligations are less than your income.

You may see someone with a monthly income of 3,000 and find that their savings always outweigh their expenses and obligations, resulting in a person who is comfortable and has financial freedom.

On the other hand, someone with an income of 15,000 may not be in a good condition at the end of the month because they burdened themselves with financial obligations they could have done without.

If I told you that building wealth is not related to your income or investment returns, yes, you heard me correctly.

And let me tell you about the first doors to wealth:

Saving:

Building wealth is not related to your income or investment returns; it is significantly related to the savings rate, no matter how much wealth you have, it can end because of your spending habits. Always remember that you don’t need a specific reason to save. Saving doesn’t necessarily have to be when you intend or plan to buy a car or a house.

Because life has many surprises, and one of the greatest benefits of saving is your ability to control your time or try some small projects. You may have heard about people wishing they had a small amount of $5,000, $10,000, or $15,000 to start their small business, which could have played a significant role in making them wealthy in the future.

If you have savings, you will enjoy flexibility and the ability to wait, even between job transitions.

This freedom of choice is the greatest gift that saving provides.

Speaking of freedom, the term “freedom” has been popular lately. When you hear the word “freedom,” you might think of being your own boss or buying whatever you want, but this definition is quite limited.

It makes you feel that freedom is elusive or only attainable by millionaires. Please don’t associate this freedom with a specific amount of money. In other words, don’t say, “If I have a million, I will become free.” No.

Freedom can be much simpler than that, having a small amount of wealth that allows you to take a leave of absence without pay because you have some money saved. Or, I hope this doesn’t happen to you, being let go from your job and accepting the first job you find, knowing that you have expenses for the next six months, for example. Or not being afraid of your boss at work or losing your job.

Please, please don’t deprive yourself of this freedom, even if it’s modest and temporary, and keep in mind that achieving it is also simple.

It’s through saving a monthly amount from your income starting from the first month you start working or from now on.

The conversation about money never ends, so if you want to read more about money, you can refer to my previous articles.

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