Psychology of Money

Hey friends. It's another time to explore some life details that could help you ease through life. Many times, we bother about what should not be bothered about. I am a victim of this too. But recently, I realized that there is a psychology to nearly everything humans have to go through in life. 

Today, I shall be taking a ride through what is and not money. Money is a necessary evil. It is the main reason most people get involved in what they do. Some even do the things that would be considered abnormal. 

Money is not made by what we have been told would bring money. Yeah, some.of those things may be what you need to make money but on the other hand, it is far beyond that. Let's take a look at some of those thoughts that could be why people could make or not make money. 

Lessons From Money Psychology

Attitude: This is how you behave towards money. People who do all sorts of jobs just to make money end up not making money. They are called *Jack of all trades, master of none.*  Your attitude towards money will determine how much money you will make.  Let's not get too enthusiastic with money. Do the little you can, it will pay back. There is always a pay for what you do. Don't harm yourself by trying to make all the money in the world. 

Purchasing Unnecessary Goods: The money you earn is not meant for competition. Thus, stop buying stuff because you want to try to be like someone else. Buying stuff to please or compete with people will end up being a waste. 

Society is always looking for a new theme. Trending news. Getting that car because a neighbour got the same is not going to trend. It is common sense to get what appeals to you and is affordable considering your income or savings. This is what matters and not to pursue stuff that may not count in the end. 

Pay The Price: There is a price for everything. To stabilize your wealth, there is a need to pay the price of savings, skills, knowledge and investment. Learn not to eat with your ten fingers. When you acquire income or interest on a business or a deal, do not squander it. Do not lavish it. Keep some. If necessary, keep more. That way, you keep wealth. Wealthy people do not throw money around. The power to save is the power to make wealth. 

Nurture it with time: For an ideal to come out good, it has to grow through time. Time is like the furnace that burns crude gold and regimes it to pure gold. Good things take time to grow and mature. There is a time to plant and a time to harvest. Now that you are planting, keep nurturing it, you will surely harvest whatever you have planted. 

Building wealth takes time. Warren Buffet did not become wealthy overnight.

Talent and Skill Are Not Enough: Sometimes, it may not be because you are an expert. It could just be luck. You heard it right. Luck does a lot for people. What you do not envisage may just turn to wealth for you. It may be a landed property you got in an area that has no prospect and suddenly, the government change of policy favours it. Many more of such could come your way. 

Luck could come your way because you are humble. Humility is one virtue that could help you climb the ladder of wealth easily. So, do not drown in your pride. 

Be Optimistic: When all hope is lost, an optimistic person would keep believing and would see the lightning a dark tunnel before it appears. A pessimistic fellow would have given up where there seem not to be a chance at the moment to make a meaningful financial impact. 

Be hopeful. Keep moving, never stop. 

Money is what you think it is. Where people pursue fiat, some others pursue what physical money lovers do not count as important. 

Build your mindset. Make for the best you can attain and with persistence, you will get there. 

Unfortunately, people have given more credence to money by taking up hard work and sleepless night, and in the end, they do not make money at all or just a little that does not account for the effort applied. 

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