We are already accustomed to financial media regularly releasing statistical reports and rankings of the people that lead and have accumulated an important allotment of the world’s money. For instance, Forbes magazine published its annual Japanese ranking a few months ago. For most of us, it’d be wonderful, impressive, and even magical, to someday read our names in such lists. A lot of people only dream of being there. But reality often reveals otherwise. Sometimes, it’s just a matter of luck, or inherited fortunes. But we’ll disregard such cases, as uninteresting for analysis. The norm is that becoming rich requires plenty of sacrifices, and above all, extraordinary efforts. It’s not easy. However, it’s not impossible to reach such goal. Powerful souls set exceptional goals.
Saving refers to the preservation of money for future use. Such future use might include capital and goods purchase (house, transport, vacations, etc.), emergencies, and miscellaneous expenses. Strictly speaking, saving is the difference between our income and our consumption expenditure. Besides, saving is our main tool to cope with mortgages, credit card debt, extraordinary bills, and other loans. Without savings, such debt and expenditures may sharply erode our personal finances. Saving also allows for harnessing sudden investment opportunities and to gain access to quality services. All in all, saving is a fundamental aspect of personal finance.
Money has to be tightly controlled. We must know where money comes from, and where it goes to. We must strive to know the way our money flows, the paths it travels, and the drains taking most of our income. By closely watching our money’s nature, we’ll learn to control it. Control is a keyword of personal finance. Control refers to checking the errors we are incurring with our money’s management, and to take the corrective action to rectify any deviation from our desired goals. Setting goals is other important requirement for saving, and it answers the question what are we saving for ?
What is your relation with your money? Money is a necessary thing, and to have and to win money is not a sin (rhyme intended 🙂 ). On the other hand, to live for money is not only a sin but a stupidity. We, as integral human beings, are of much more value than any material concept. This is something I insist a lot in my business seminars: look for money, but never lend your heart to money. In other words, win money, but don’t let money to win you.
Who are the Winners?
Winners are fortunate people, indeed. But except for rare cases, most of their fortune stems from hard work, and more importantly, from a sound and clear mindset. Winners have no time (nor wish) to be moaning about the “harshness of life.” Winners don’t complain about such things, because they understand that life, like a river, exhibits turbulent episodes in some parts, but caress and nourish the surrounding nature, all the way.
Positive Attitude in The Winners’ Mind
Nevertheless, all these years I’ve known a lot of people who are frequently bitching about their lack of money or general misfortune, but what they are indeed lacking is a positive attitude toward their money. Now, what does this “positive attitude” notion mean? Let’s start by answering a few questions:
- What really are the kind of thoughts that flood our minds when we think of our money?
- Which are the words we utter when speaking about our money and related things (such as mortgage, bank, expenses, etc.)?
- In the past, how much success have we attained by spending and investing our money?
Hello, this is the first content post in You can’t stop the journey. Here, we’ll speak about achieving personal goals. First, do you know what a goal is? According to Wikipedia’s entry:
An objective or goal is a personal or organizational desired end point in development. It is usually endeavored to be reached in finite time by setting deadlines.
And that’s it. A personal goal is that thing you really want to achieve. Normally, achieving personal goals is not an isolated thing. On the contrary, they imply several subgoals you have to reach first. In this sense, we have to define how we are going to conduct ourselves in order to reach the subgoals. Remember, it’s not only the arriving point what matters… the integrity you show while following your path is the most important fact.
Now, what are your life’s goals? Or better stated, what do you want? Money? Family? Health? Education? Fame? A superb job? Please, answer this first honestly. Reaching goals that hold personal meaning to you increases the feeling of happiness. Oh, and… where do you belong? To the material or to the spiritual type?
Now, before continuing, do you have the bases to achieve your general goals? Let’s assume you want that very-well-paid-job. Do you have the required education? No? Then you have to introduce a subgoal related to academic formation. Yes? Then, have you researched the job’s field thoroughly? Do you know the current information trends related to that job? Do you know what is the state-of-the-art in such knowledge area? Do you know who are the best representants of that job? What are the biggest companies? Now, do you have a solid contacts network? Please, start thinking, and start answering.
My own goal with this post is to flame your awareness, cognition and self-view on yourself. That’s the starting point of the journey we will be revisiting in upcoming posts.