Do You Have a Healthy Relationship with Money?

22 139
Avatar for PatsKy8135
3 years ago

There are so many things in life where we have different thoughts about money. It allows us to bring an impact to the world. It gives more opportunity of Financial FREEDOM wherein going into the rat race of working overseas may not be an option for so many overseas workers, however, despite the idea of earning and having money, it would still boil down to not having enough and they are experiencing scarcity.

Let me tell you that some of my colleagues here in Seychelles thought that money is so hard to keep yet so easy to spend. When payday comes, you would see how they have new fashion, new gadgets, and many other things. They love to squander!

I have seen this many times in my life working abroad and I could only sigh for them. I could not contain to hear their stories of not having enough at the end of the month however when I asked, if they ever had 5% of their salary set aside for investment, they would tell me often, they don't have enough.

  • Mindset and Money Making Machine!

How's your wallet when payday comes? Are you able to set aside for savings? How do you manage your finances?

I was listening to one of the top-notch Financial Experts in my country through our webinar session and one question raised by a call-center agent who was earning around 25000 php monthly asked how could he start saving when his salary was just enough for his expenses?

Sir Rex simplified his explanation by saying, it's not how much you earn but on how much you set aside for your investment.

He's the CEO of Rampver Financials and shared that even their drivers managed to invest even when they only have 1000 to set aside every month.

They also had security guards who can set aside 1500 for their investment wherein if you would compare the salary of the two workers compared to that of the call center agent, obviously the latter earned more than they did however the one who earned more doesn't have any investment at all.

You know what was very clear on the scenario,...

***MINDSET when it comes to money and how we have the HABIT of paying ourselves first must be our priority.

If you're familiar on the Latte Factor of Tony Robbins? that call-center agent needed to overhaul his mindset when it comes to his relationship with money.

I was once part of the Human Resource Personnel in one of the call center companies in Davao and we always provide "free coffee" to all employees yet most of them do not like the 3n1 rather "Starbucks" was always the trend.

  • Practice Delayed Gratification

I set my priorities when it comes to my finances. I have read books on Personal Finance/ Financial planning, attended webinars, looked for my mentors and believed me it has a great impact to how I see my salary and my other income streams either offline or online.

One of the most common advise they would always shared with us is to practice delayed gratification. Technically it shaped my mentality into prioritizing from the least to the most important things.

I followed a simple formula of my financial success which is 10-30-70.

10% to my tithes, 30% to my investments and 70% to my lifestyle ( although this part I cheated as I set aside 20% for emergency fund).

I was asked by Ms. Salve Duplito when she came here in Seychelles during our passport renewal when we had a financial check up whether I could live for 30000 php a month and I told her I could even live with 20000 or even half of the amount. On top of it all, I don't have Debts to pay after all.

Through this formula I managed to enjoyed the simplicity of life and still it's possible to travel overseas with my family. We discipline ourselves to live the 70% or even less because we set our PRIORITIES first!

  • What's the Rationale?

Your relationship with money has a lot to do on how you see it as a medium of communication to your priorities, how it can convey for your advantage. The more you understand how money is just a mind game and you establish a good rapport with it, the more you can succeed.

Money is abundant. It is everywhere especially here in the crypto sphere. Make most of it by starting to make it as your ally. The more you realize how money allows you make a difference in the world, the greater your ability to make more of it.

INVEST it for your advantage and PAY YOURSELF FIRST!

Questions:

  1. Do you have a long or short term goal?

  2. What are your strategies in order to succeed with your goal in terms of finances?

  3. Is it important to have a retirement plan? What about emergency? Is it necessary?

badges earned by the author and property of Uptrennd University
  • Images on Money Making Machine is from my Unified Business, took an image of my sold accessory and the other image from Canva (images edited from Canva itself)

  • Let's connect via cointr.ee

#ShoutOut to my sponsors for their generosity and their quality posts as always!

Let's support Bitworkerss

Here's a good review about ReadCash

if we can print our money, the better for the economy!

20
$ 10.38
$ 9.73 from @TheRandomRewarder
$ 0.25 from @CryptoMax
$ 0.20 from @Pantera
+ 4
Sponsors of PatsKy8135
empty
empty
empty
Avatar for PatsKy8135
3 years ago

Comments

we all just need to learn how to live within our means and spend our money wisely. don't save what's left with your salary but instead, have an amount for your savings first and then budget what was left. do not overspend. if you want to buy something, don't buy it the first chance you get. save an amount every salary then buy when you've saved enough. don't go on impulse buying, get what you only need.

$ 0.02
3 years ago

No matter what you do in life, money is always need to carry them out. The way one get it now different

$ 0.00
3 years ago

All of us do have a goal. For this we need to properly plan our financial strategy . Our needs keeps rising irrespective of your present financial status. If you set a goal then you have to prepare your finance accordingly. As per retirement plans true we need a life long income so that we don't nees to depenĸ on someone.

$ 0.01
3 years ago

https://qualitydealls.com/ https://qualitydealls.com/category/counterfeit-money/ https://qualitydealls.com/tag/best-place-to-buy-counterfeit-money/ https://qualitydealls.com/tag/best-place-to-buy-counterfeit-money/ https://qualitydealls.com/category/counterfeit-money/ https://qualitydealls.com/tag/buy-fake-australian-dollars-currency-online/ https://qualitydealls.com/tag/buy-counterfeit-money-from-korea/ https://qualitydealls.com/tag/best-supplier-of-buy-fake-australian/ https://qualitydealls.com/tag/buy-high-quality-counterfeit-money-online/ https://qualitydealls.com/tag/buy-top-grade-counterfeit-money-online/ https://qualitydealls.com/tag/buy-fake-british-pounds-online/ https://qualitydealls.com/tag/buy-fake-euro-bills-online/ https://qualitydealls.com/tag/buy-fake-indian-rupees-online/ https://qualitydealls.com/tag/buy-high-quality-australian-dollars-counterfeit-money-online/ https://qualitydealls.com/tag/buy-top-undetectable-counterfeit-bills-online/ https://qualitydealls.com/tag/buy-undetectable-counterfeit-money-online/ https://qualitydealls.com/tag/buy-undetectable-counterfeit-money-online-cheap/ https://qualitydealls.com/tag/can-you-buy-quality-counterfeit-money-online/ https://qualitydealls.com/tag/counterfeit-money-for-sale-online/ https://qualitydealls.com/tag/dollars/ https://qualitydealls.com/tag/euro-notes-available/ https://qualitydealls.com/tag/fake-all-country-banknotes-for-sale-online/ https://qualitydealls.com/tag/gbp/ https://qualitydealls.com/tag/how-to-buy-quality-counterfeit-money-online/ https://qualitydealls.com/tag/how-to-buy-qualitynotes/ https://qualitydealls.com/tag/how-to-make-quality-deals/ https://qualitydealls.com/tag/how-to-purchase-counterfeit-money-online/ https://qualitydealls.com/tag/how-to-purchase-counterfeit-money-online/ https://qualitydealls.com/tag/real-undetectable-counterfeit-money-for-sale/ https://qualitydealls.com/tag/super-counterfeit-money-in-uk/ https://qualitydealls.com/tag/super-quality-fake-banknotes-for-sale/ https://qualitydealls.com/tag/top-quality-fake-money-online/ https://qualitydealls.com/tag/top-quality-fake-money-online-for-all-country/ https://qualitydealls.com/tag/when-to-buy-counterfeit-money/ https://qualitydealls.com/tag/where-to-buy-fake-australian-dollars-that-looks-real-online/ https://qualitydealls.com/tag/top-quality-fake-money-online-for-all-country/ https://qualitydealls.com/tag/where-to-buy-fake-indian-rupees-usa/ https://qualitydealls.com/tag/where-to-buy-super-australian-dollars-that-looks-real-online/ https://qualitydealls.com/tag/where-to-buy-quality-bills/ https://qualitydealls.com/tag/where-to-use-fake-australian-dollars/ https://qualitydealls.com/activation-powdwer/ https://qualitydealls.com/dinero-legitimo-voltear-en-linea/ https://qualitydealls.com/activation-powdwer/ https://qualitydealls.com/dinero-legitimo-voltear-en-linea/ https://qualitydealls.com/denaro-legittimo-capovolgere-online/ https://qualitydealls.com/geldwechsel-in-deutschland/ https://qualitydealls.com/geldwechsel-in-deutschland/ https://qualitydealls.com/legit-money-flip-traders-with-bitcoin/ https://qualitydealls.com/trade-your-bitcoin-for-200-gain-in-paypal-cashapp-and-western-union/ https://qualitydealls.com/%d0%bb%d0%b5%d0%b3%d1%96%d1%82%d0%b8%d0%bc%d0%bd%d0%b5-%d0%bf%d0%b5%d1%80%d0%b5%d0%b2%d0%b5%d1%80%d1%82%d0%b0%d0%bd%d0%bd%d1%8f-%d0%b3%d1%80%d0%be%d1%88%d0%b5%d0%b9-%d0%b2-%d1%83%d0%ba%d1%80%d0%b0/

$ 0.00
3 years ago

We must do extra effort to earned money and save for the Future, keep it up and thank you for your article it can motivate me

$ 0.00
User's avatar Amz
3 years ago

I was very interested in the subject you are talking about. Of course I have many plans for the future and day after day I work on them....

$ 0.00
3 years ago

I used to say to my partner that what we are earning , we need to save some bucks from it. who knows for the future situations and what comes. Relationships not always depend upon money but money can make them healthier, this is what I believe

$ 0.01
3 years ago

I think I am good at money management. Being a freelancer has another advantage in this regard. In buy and sell business, I tie my money to a product and sell it when that product is valued. Or I take a product I bought from the warehouse to the buyers by putting my own earnings. Even though I have problems with crypto assets from time to time, I can say that I am doing well in that regard. At least money doesn't manage me, I manage money.

$ 0.03
3 years ago

I love how you have written that you are the one managing your money and not the other way around. I can see that you have clear GOAL on your finances, keep doing it and keep me posted. It is really an advantage to have Multiple Source of Income.

Entrepreneurship and Investment are gateway towards financial freedom.

$ 0.00
3 years ago

Hello, Very interesting article. Everything you write is ideal, in an ideal country. And I agree how you approach it, step by step. I always contribute 10% to my tithes, but the rest goes on food. And it's not much that I earn. My retirement pension to give you an idea, is less than 3 dollars a month, yes, three dollars. I live in Venezuela. I know that money is everywhere, and that is why I am here on this platform, writing, making myself known, reading articles as good and positive as yours, commenting, to be able to have an income in cryptocurrency, and thus be able to develop the other aspects that you mention. I am just starting. I really liked your post, it is an affirmation to my thoughts. Thanks for sharing.

$ 0.10
3 years ago

our mentors would always say, it's not just on how you have but on how much you KEEP! regardless of the amount, you are practicing the HABIT which is more important. So you start small...and from there INCREASE your CASH FLOW! have more side hustles...improve your MSI...and you're good to go!

Keep me posted @rodriguezpct

$ 0.00
3 years ago

When they say that money can easily spent and it is hard to save money, it is literally true. So we need to manage our salary/money wisely while it's still early.

$ 0.00
3 years ago

the best investment we could make is to invest on our LEARNING first...after all the NOT knowing is scarier than anything else....so yes...we need to have a healthy financial management.

$ 0.00
3 years ago

delayed gratification is a great way indeed... but oftentimes, its just hard to do it specially when we have creditcards

$ 0.00
3 years ago

saving our finances takes a lot of self-discipline..so it pays to learn more about wealth abundance and on how to refrain or stop ourselves from spending through CC! so tempting to spend!

$ 0.00
3 years ago

g to spend

it is very true specially when we have children.. ads on social media are very tempting

$ 0.00
3 years ago

This is what I really need to learn more now that I am earning.

$ 0.01
3 years ago

this is so good to hear that in my little way you can start SAVING for your future. Keep it up dear and keep me posted.

$ 0.00
3 years ago

How you deal or relate with money issues determines how it will work for you. The more you make use of money, the more successful you become.

$ 0.01
3 years ago

right! It will all boil down to having great knowledge when it comes to your finances. Its an advantage to have a proper mindset how to make most of our money so in the end it would work for us not us working for it.

$ 0.00
3 years ago

This helps me to understand how money works. Especially the questions you provided. I am not knowledgeable in terms in crypto world. I only knew about BCH but not that deep. And in terms of money, I always see to it that I will only used it for our needs and not for our wants. Especially that I have now a family. My partner started to learn about crypto, I hope he will be successful with it so that we will have a good future. There were lots of money, but really hard to earn. How I wish I have extra to invest.

$ 0.02
3 years ago

As long as you have an income regularly, you can actually invest! It all depends on your goal whether short or long term! Do not wait until you have more or enough to invest, whatever you have right NOW based on your regular income, set aside a portion for it.

TIME IN the market is the key, not timing it!

Do keep me posted dear...Great day ahead. All the best to your investment goal whether fiat or crypto.

$ 0.00
3 years ago