Many people are not familiar with the way money works and keep earning just for the sake of it. If you are one of them, read the following rules to ensure your financially successful future.
Have a Goal for the Money You Are Earning
Hackneyed as the following phrase might be, it is still true – money won’t make you happy. If you continue making money just to have them, you will soon start feeling frustrated. However, money does make your life more comfortable, so it’s a good idea to have a goal for the money you are earning. Rich and prominent people always have a grand vision and ambitious goals. They know that money is only an instrument to achieve these goals.
You won’t find a single millionaire who became rich because he/she simply wanted to have much money. For example, Elon Musk uses most of his resources to sponsor his own projects.
It might also happen that you have no idea what your big project is. Then you have to do your best to find it. A project which has to be funded will change your financial behavior and you’ll see that earning is no longer a challenge.
Money Has to Be Flowing
Contrary to popular belief, the accumulation of money does not mean richness. What is more, wealth comes when money doesn’t stop its natural circulation. The more you invest, the more you get. Sport is a good illustration of how this law works. You have to eat much to have energy. However, you also have to move a lot to keep fit. So, sportspeople eat, and then they train, and then become stronger. However, if you accumulate money, it doesn’t work to your advantage. Instead, you always keep getting in situations which lead to extra spending.
So if you want to achieve financial success, you have to be generous. Help people and invest in a good cause.
Put Money into Your Values
Whether people like it or not, nothing in our material world can exist without some kind of investment (including financial one). And if you don’t put money into something meaningful … others will do that for you. And they will also reap the benefit instead of you. If there is a vacuum, it will be filled with or without you.
Take the case of Walmart, for example. In the 90’s, it hired cheap workforce in developing countries. It did not invest in its potential clients. So after several years of success, the company reached its limits because its clients did not have money to buy Walmart’s goods. The company had to change its policy.
One of its competitors, Costco, based its business on different principles. The board of directors addressed the needs of its both major stakeholders – the workers and the clients. The business was also meant to improve the life of the community, so its potential customers have resources to invest back. As they say, time can be your enemy if you are weak, but your friend if you are strong.
So keep in mind these simple tips and become stronger every day. Believe in yourself and keep working. The reward is sure to come.
Jul 25, 2017 in Student's Life