It's quite easy to get lost with money and carried away. Lot of us makes ourselves vulnerable to money and before we know it, we are slaves to it. We allow ourselves to be control by money and ruled by it which is not supposed to be so. Money is something we ought to control and rule over. We ought to make it do our bidding and the most important one is to make it work for us.
I know sometimes it's hard what we have to go through before we earn sometimes and so we plan on our we're going to spend it lavishly when the money come. Doing this alone can be tagged as being a slave to money. We do so many things irrationally which makes us to be slaves to money without us even knowing it. In this post, I will be pointing us ways on how not to be slaves to money.
One thing people fail to do which actually end up affecting our income and finances is paying ourselves. People majorly do two things when they earn, save most of it or spend most of it with no accountability. This shouldn't be so. We ought to remove a percentage from our income and use it to pay ourselves whenever we earn. This will make it possible not to touch the money we save or use to invest. It gives us that feeling of satisfaction and we'll be able to meet us with our financial needs. It's important to invest some of it but when you put everything into investment, what will you use to survive and meet other needs?
Another way to avoid being slaves to money is to resist the temptation to flaunt our income. We are humans and the desire to do this is inevitable. We we struggle hard to earn, we naturally feel the urge to want to buy some expensive stuffs and show it to for the world to see that we are earning well. This instinct has to be ignored because doing this means you're subjected to the money and its one of the fastest means of killing finances.
It's very impinge to put our money to work and tend to invest the profits as they come. Its a very wrong idea to keep money in account without it bringing back returns. I've read about some celebrities that trap their wealth in artworks, houses and lands. You see these thing appreciate with time. The money used in our chasing these aren't just sitting in the account. The moment they are used for investment, they earn every single day.
Finally, don't depend solely on one source of income. When there is an inflow of money through one means, don't overtrust it cus it can fail. Its very important to have other source of income and a form of backup plan for raining days.
Today, make a decision not to be a slave to money. Let money works for you.
THANK YOU FOR READING MY BLOG TODAY. DO HAVE AN AMAZING DAY.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
This is something that people really overlook: how important it is to first invest and then spend. It has taken me a while to apply this in my life but now my savings are much better. Good post!
You're absolutely right. When we try to put all our earnings into savings and investing, we will end up touching it in a way that it won't be accountable.
Thank you for your nice comment.
Unfortunately, most of us are slave to money. As long as we prioritize money over family and other important things, then we cannot say we are truly free from money. I've heard people reasoning that they cannot be with their family specially on important occasions because they have a work to do.
I, myself, is a slave to money as I need to spend more time on work than my family. The only thing that can set me free is when I have enough investments that I don't have to work for money. 😊
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Posted Using LeoFinance Beta
You're absolutely right. Most of us that aren't born into wealth have to work hard in order to provide a good life for ourselves and our families. This makes us to sacrifice precious time we ought to be spending with our families for the quest of chasing money which in turn makes us slaves to money. But I belive its a matter of time, once we're able to gather enough investment it's better to relax and just enjoy life with our loved ones as much as we can.
Yup. It's just a matter of time. As long as we keep on investing, no matter if it's small in amount, then it will become big in the future. 😊
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It is hard not to focus on money, especially when you have unexpected events like repairing the car. You want to keep removing the debt as fast as possible.
That true, that's why it's important to pay oneself. From that you will be able to meet up with those small small expenses that arises unplanned. Thank you for your comment