3 facts about money.
Money: According to my understanding is a generally accepted valuable thing that is used as a mode of payment for goods and services.
We all know that money is used in our day-to-day activities to pay for goods and services rendered, without further ado let me get straight to the point of the write-up.
I'd be Sharing 3 facts about money from my knowledge, hoping you learn a thing or two from it.
If you can't manage a dollar, how would you be able to manage $50k?.
If you can't stop amassing for more money always after little wins, you'd lose it all.
If you can't deprive yourself of certain things, you won't be able to plan how to make use of your money.
Let me take them one after the other for easy understanding.
If you can't manage a dollar, how would you be able to manage $50k?.
I want you to think about this question and share your thoughts if you want to, Id wants to hear your thoughts on this.
Managing the little money you have now would determine if you would be able to handle bigger money when you get it, most people fail in managing the money they have now which might be little, you can't expect someone who spends any little money that comes his/her way to be able to manage a large amount of money wisely it's not possible.
We need to learn managing money at the early stage when we have little so that when we have more we can be able to manage it and make plans with it.
If you can't stop amassing for more money always after little wins, you'd lose it all.
We all know that everything in life is about risk but mostly we shouldn't put in all we've got and call that risk Nah that's not risk, risk should be mitigated so that when we make a loss it won't hurt as much.
People are bound to amass more money but we should try to bring it down a bit, take for instance you were given two options to choose from a rolling dice if it stays at double (6) then you win yourself $50k and luckily for you, it clocked the double (6) and you won yourself the $50k but one thing there is the greed to have more which would make you want to try another luck and you know the saying that opportunities might come once and never happen though most times it comes more than once it is always with us.
We just need to stop amassing for more money after small wins so we won't end up losing all due to greed.
If you can't deprive yourself of certain things, you won't be able to plan how to make use of your money.
If you want to manage and be rich one thing you need to do is to deprive yourself of certain things like hanging out with friends which would make you spend money and not add up your portfolio so that's one thing we need to deprive ourselves of hanging out on unnecessary occasions.
We shouldn't be pressured by what our friends are wearing (clothes shoes e.t.c) this thing would just make you spend money to impress others and feel among the crowd whereas deep down you know you just did it to feel among your peers which aren't right we need to deprive ourselves of peer pressure.
In conclusion,
Learn how to manage the little money you have so you would be able to manage a big amount when you finally get it, that's the key to success.
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Have a wonderful day friends.🤗ðŸ¤
It is very important to manage every cents we have because in that way we can able to manage our own penny a good way.