Money is very important, it is a great determinant of how much we live our lives and the thing we are able to afford. The importance of money in our daily living runs really deep to the type of association that we have the type of vacations we have and the type of lifestyle we give to our children and in this regard it is always good to take money lessons since we are usually not taught in schools.
Always remain disciplined.
With more money comes the temptation to become less disciplined, the amount of discipline that we have will always provide us with a better way to manage our money more efficiently and of course we are going to get the appropriate result from doing that.
Assets does not guarantee cash flow.
It is very necessary to build up assets and gain more assets all the time but while building up those assets, it is also important to be on the lookout for cash flow. That you have lots of assets does not necessarily guarantee that your life is perfect, the acquired assets should generate cash flow or you might just have to sell them at a time you least expect.
Understands that money should not control everything about you.
Yeah I just mentioned above that money is extremely important but I must also tell you how wrong it is to allow money control everything you do, a lot of people will choose money over happiness and comfort and that is not a good thing to do. Money is extremely necessary but it should not be the motive behind everything that we do.
Understanding sales strategy.
There is a pattern that sales people usually use to get more people to buy and if you are able to understand this sales strategy then you will not be tempted to fall for the sweet words of sales people and end up buying the things that you do not need. You can save some money by understanding the sales strategy and the use the saved money for something better.
Pay yourself first.
We have heard this a thousand times but majority of us including myself do not still do it, this can be more easy to do when we have a separate account where our savings go to, the debit on this account should be done automatically then we can go on to looking at how we are going to pay our bills and run other things.
Money can be a blessing or a curse, it all depends on how you use it and what impact it has on you. There are people who live to take care of money and those who get the opposite. Undoubtedly everything must be balanced and to good financial habits we must add the fact that any dependence is dangerous. @tipu curate 2
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Hello friend, certainly money is very important but we should not live around it, many people live better and are happier without so many luxuries. I think sometimes we get so obsessed with making money that we forget what is really important. Greetings.
Actually most of the people choosing money over happiness & comfort and that is the thing that people doing wrong. And i think should not do that. Living life with balancing everything that related to finance can be give you good result.
it is really necessary to learn about the value, importance and management of money. These are good recommendations. Thank you
Hello @ajewa Certainly the management and enjoyment of the money we produce is very important and always a challenge, as you say it is not something we are taught which I think is our biggest weakness in this regard...thanks for sharing!
Interesting points raised. Thanks
I see that the posts in the Project Hope community are being set to 50% beneficiary of a Project Hope account and then the main Project Hope accounts are upvoting those posts to a high value. I see this as the owners of the Project Hope accounts using the community's posts to vote on themselves for profit (beyond normal curation rewards) and my downvote is to help remove the profitability of the scheme. My downvote means nothing personal about you or your post. You've done nothing wrong.
I suggest to the owners of the Project Hope accounts that they discontinue this scheme because it's going to result in downvotes on their community members' posts like this one.