Money Matters

Money Matters
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Money...Money...Money. You want it. You need it. And you have it...at least for a little while. When you get a crisp C-note or $100 bill and place the newly minted Benjamin in your wallet, it feels good. Stack a wad of these big bills in your wallet or purse and you feel great. However, as soon as you break it and the leftover change trickles back into your wallet, it's invariably GONE. It won't be long until the entire $100 has disappeared. Poof! Vanished into thin air.

It's NOT about how much money
you make, but how much you keep

Never have we spent so much and saved so little. We spend and borrow too much. We save too little. In the long run, it spells trouble for individuals and the nation. Most of us go on spending happily until the reality of hard times arrives.

Champions prepare for the
worst while expecting the best

Disaster with your job, health, home, car or even an economic recession can strike without warning. Assets and income will then drop and the danger zone of no cash will become real.
Where's Ben Franklin when we need him? "If you would be wealthy, think of saving as well as getting," our forefather advised. There are many factors for poor savings. So what? It's over and done. Let's not look back. It is what it is. Let's go forward.

1.Make an investment in visualizing the money you want. See it. See the raise. See the extra sales. See your profits. See it often. See it before sleep. Believe and expect to have an abundance of money.

2.Take 10-15% and hide it from every paycheck. Do it simultaneously with your deposit. Park it in a low risk place.

3.If you own a business, pay yourself first. I know...I've violated this tenet before. No more.

4.Cut spending 20% if possible. Stay home. Eat in. Less travel. Use coupons (Wow...my friends never thought they'd read this from me). Why pay more when you can get it for less? Why?

5.Review your bills. I've found so many mistakes with bank statements, credit card statements and grocery store receipts. I never used to look. I do now.

6.Pay cash. Use debit card. No credit card unless you pay it off each month. Period.

7.Stop helping others at the expense of yourself and your family. Stop it. Say, NO!

8.Now is a good time to invest if you have the available cash. An uncertain future presents many opportunities. Project the world five years from now. What will we need? Real estate is always good for the long haul. Research. Research. Research.

9.Start a business only if it fills you with passion. Control your vision and goals. Sharpen your self-discipline. Only go for it if your heart is in it for more than the money. However, you still need to think about money, as it's the lifeblood of every company.

10.Risk wisely. Invest no more than 15% of your portfolio in risky investments. Be prepared to have this cash extracted and lost from your overall wealth. Detach from any negative feelings if this happens. Be wise. Be cautiously bold.

My friends know I'm NOT frugal. So why am I writing this article? I guess my beloved, depression era grandmother is looking down and shaking her head at me.

Life is more than money, that's for sure. But life is getting longer. I see me living to 125. Why not? Will I work that long? I hope. Will my money last that long? Hmmmm...I don't know. I believe it will.

Think rich. Be wise. Minimize your risk. Get your money in the Zone.

Money matters!

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