3 things you need to know about money

3 things you need to know about moneyToday I’d like you to think about some things you need to know about money dear reader. In other words, think about what it all really means.

It’s natural to dream about being rich, of course.

Most people dream about being able to buy whatever they want and go anywhere and everywhere they’d like to go, possibly even in a private jet.

The attraction of having that pot of gold is why a lot of people will chase every rainbow.

However, whilst money is necessary for sustaining life, there are some things you should really understand about money.

Here are three of them:-

Things you need to know about money:

1. Having money brings its own pressures:

A great fortune is a great slavery. ~Seneca

It’s reasonable to want to create wealth and build a fortune. As suggested above, you want to feel financially secure, don’t you? Why wouldn’t you?

However, being financially secure doesn’t mean you’ll have a life without problems and worry.

You’ll just have different problems and different things to worry about.

No one goes through life without problems. Dealing with problems and challenges is an inevitable part of human existence.

Put simply, having money brings its own pressures.

Once you’ve got money your biggest concern will be to ensure that you hang on to it.

Inevitably that means you can become a slave to managing your money, preserving its capital value and protecting your fortune.

Being wealthy may be a nice problem to have, but it’s no less of a problem for that.

So keep it all in perspective.

Things you need to know about money2. Money can never be more important than people:

We love to earn money, who doesn’t? It gets you things. ~Katie Price

Earning money is great and it does allow you to buy things you want and things you need. However money won’t take care of you when you’re ill.

Yes, it might enable you to buy in some hired help.

However, that’s not the same as having someone around who genuinely cares about your well-being. That someone for whom you matter much more than money ever will.

In my experience, whilst money is important, nothing in our lives matters more than friends and loved ones. Human beings are social animals. So only people matter to us really.

Never focus on money to the point where you neglect the people who should matter most to you. Forget about them and eventually, they will forget about you.

You can have all the money in the world, but you’ll have nothing at all without friends and loved ones.

Go out and earn lots of money by all means, and enjoy it too.

However, always maintain a sense of balance in your life and make sure that you allocate some time for the people who matter most to you.

An investment of your time in the people you love is an investment that will pay dividends.

3. Money is a precious resource so use it wisely:

A penny saved is a penny earned. ~Benjamin Franklin

I make no apology for repeating Benjamin Franklin’s money mantra, repeated frequently by generations of well-meaning parents to their profligate children. It’s as valid today as it was in his day.

Whether Franklin was referring to money saved when making purchases or money saved from income is not obvious in his statement but that doesn’t matter.

The underlying point is that you have to be careful with your money because saving money is the key to building wealth and becoming financially independent. No one ever got rich by wasting their money.

Money like time is a precious resource, so use it wisely.

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