Home
>
Personal Finance
>
Improving Your Financial Position

Improving Your Financial Position

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 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."

Lincoln Stretch rentals Alsip ..

In The News:

Tech guru Kurt "CyberGuy" Knutsson offers solutions to fixing a personal computer that freezes up. There are a number of reasons this might be happening.

The rollout of Apple's iOS 17 brought a subtle "Rebound" notification tone that's gotten some criticism. Kurt "CyberGuy" Knutsson explains a fix.

Fitness centers and workout studios are starting to establish policies that prohibit shooting phone videos to protect people's privacy.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents

Apple recently notified a small number of iPhone customers in 92 countries that their phones may be under attack by mercenary spyware.

An artificial intelligence-powered home security system can fire paintballs and tear gas at trespassers. The camera identifies human faces and animals.

Technology expert Kim Komando gives her tips and tricks on enhancing your user experience a smartphone and other devices you use everyday.

A new camera called NUCA uses artificial intelligence to create deepfake photos of subjects by stripping away clothing in close to real time.

The Kimberley Kube trail-ready camper has a compact but spacious design and combines luxury, functionality and ruggedness for a weekend getaway.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Emails instructing you to reset your password for an account may be legitimate, or they may be scams. Kurt "CyberGuy" Knutsson explains.

Northrop Grumman's Manta Ray uncrewed underwater vehicle aims to revolutionize undersea missions — it glides through the ocean without human assistance.

Learn how to work Google's calendar application to streamline and organize your daily tasks from technology expert Kim Komando.

If you do not want Facebook to have automatic access to your private photos, follow our tips to protect yourself. Kurt “CyberGuy" Knutsson shows you how.

Kurt “CyberGuy" Knutsson goes into detail about Apple’s recent iOS update that allows iPhone users to instantly translate spoken language simply by using the Action Button.

Safeguarding your digital life with a reliable physical backup isn't just a precaution, it's a necessity. Kurt “CyberGuy" Knutsson provides the essential backup checklist.

Kurt “CyberGuy" Knutsson reveals how a Redditor exposed false recycling claims at their apartment, highlighting a report that only 21% of U.S. recyclables are processed.

Kurt "CyberGuy" Knutsson offers a travel toolkit featuring five technology tools to help you with booking flights and hotels for your summer vacation.

The bubble behind the clock on your iPhone can appear in different colors. Kurt "CyberGuy" Knutsson explains what each of those colors mean.

Scammers are using the power of artificial intelligence to mimic voices of people and are using the fake voices to commit crimes, like kidnappings.

Stay up to date on the latest AI technology advancements and learn about the challenges and opportunities AI presents now and for the future.

Tech guru Kurt "CyberGuy" Knutsson explains the science behind the Invisibility Shield, a 6-foot shield that makes people become invisible.

The International Olympic Committee on Friday announced plans to use AI in various Olympic aspects, including athlete identification, training and judging.

Tech guru Kurt "CyberGuy" Knutsson explains an easy trick to avoid squinting while working or surfing the web by zooming in on your personal computer.

Streaming giant Roku has recently been targeted by a pair of cyberattacks, and the company confirmed over a half million Roku accounts were compromised.

Improving Your Financial Position

Personal Finance