Learn how to take control of your money. You need to know how to manage a small amount of money to be able to manage larger amounts
[2 minutes reading]
💵 If you received an allowance from your parents, did they hand you $1,000 or 700 euros a week and then say "Go enjoy life"? 😇
😎I am almost willing to be the answer is NO.
☘️ If you were lucky you had parents that gave you an allowance and taught you how to:
- save
- plan
- spend wisely
but they certainly didn't hand you a bunch of money and then leave you to learn entirely on your own.
✴️ The point of the question is that whether you received a modest, small, or no allowance at all, is that you have to learn how to take control of your money
✅ You need to know how to manage a small amount of money 💲 before being able to handle large amounts effectively
👨⚕️ Another way of looking at this is like surgery. A surgeon does not become a skilled surgeon overnight. 🧠 It takes mastering the small steps first and then moving on to the more difficult.
🤩 Do you know what surgeons practice on first, before they do surgery on humans?
🍊They will practice on oranges, then animal cadavers as they become more skilled.
😻 Most people say, “If I just had X more dollars a month, I would be fine.”
But here is the sad truth whatever your bad habits are now will only get bigger with an increase in money.
💸
If you typically overspend your income by 5% each month and you make $4,000 a month then you are overspending by $200.
💵
If you make $10,000 a month and overspend by 5% then you are overspending by $500 each and every month.
More money would mean you are just overspending with bigger zeros at the end of the number
📖 On the news you will hear stories (usually lotto winners and celebrities) who have filed for bankruptcy within a few years of having millions.
The point to pay attention to is not how much money you have; it is what you do with it.
💰You can be wise or you can be foolish, the choice is yours and your net worth will show which one you are.
👩💻Need help in learning how to manage the money you have now so that you will be able to increase your net worth and manage it well?
Learn more, earn more. Learn better, do better. Your bank account deserves it.