In my book "A Gift From A Friend", I wrote that money is NOT the MOST important thing in life; however, money can affect the most important things in life.
Money is a life-enhancer. It can enhance love, it can enhance relationships, it can enhance the quality of life that you have in your family, and many more.
You can become the master of your money or you can become its servant.
The choice is yours.
Choose to be smart and make friends with money.
Here's some simple steps to help you making friends with money.
Step 1
As always, it all started with your mindset first.
Is money a blessing in your life? For many people, money are a problem both emotionally and practically. Most of us feel we don't have enough of it. Frequently we don't manage it well. Often we inherit our negative attitudes about money and don't even realize it.
The way you feel about money is important. Never feel embarrassed for having a healthy respect for money and what it can do for you and others. When you look at all the good that money does, admit that money is the root of much good. Be positive about it !
Step 2
Appreciate it.
Don't take money for granted. Analyze how you use money. Make a list of how you have spent it wisely and how you have not.
Step 3
Take control of it.
If you are not careful, money can enslave you. I've seen a lot people simply just cannot control themselves when it come to managing their money. But if you learn how to tame it and master it, however, it will do whatever you tell it to do. You can decide how, when and where it will be used.
Step 4
Don’t spend money. Allocate it.
Save at least 10% of every money that you earn.
In my previous post, I've shared with you how I allocate my money every single month.
Basically, I will allocate it to 5 different accounts. You can click on the link to know more about it.
Step 5
Protect it
Protect your money from fire, theft, death and disability.
You can work a lifetime and then lose everything you have achieved if your house burns down or is robbed, if you die prematurely or become disabled. You need to protect it from theft, fire, death, disability and major illness. Use insurance –- mortgage, house, life, disability and health -- to protect your money and your family.
When you make friend with money, your money will make friend with you too
... and eventually, they will stick with you !) :)
Love,
Merry Riana
www.merryriana.com.sg
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