Biggie Said It Best
You already know. Mo money, mo problems.
When you start making a significant amount of income, you’re probably going to be able to buy what you want at any given point in time. And that can pose a unique kind of problem.
Having that much choice and freedom, if you don’t manage it well or take responsibility for it, can lead to making bigger mistakes and financial decisions that you later regret.
Controlling the Controllables
by Nathan Schorsch, Head to Toe Financial
There is an adage about how all you can control is your work ethic and attitude towards the events that occur, and while that’s great advice I want to discuss the financial aspects of your life that you can control. There are so many things that remain out of your control in terms of finance, and it seems the news and media coverage fixates on those in order to create fear or greed depending on what’s selling the best.
One thing I want to challenge you with in your finances is called “Uncommon Cents”. Financially, it might not make sense to others, but it makes sense to you and your goal in life.
With everything you say and do, are you always try to make sense so that people always understand you? Or have you ever tried to say or do something that doesn’t make sense to others and then you get thrown of?
We are always trying to reach our goals. Our goals are to are to put more money in our accounts to reach our goals. We do want more money in our account or in our pocket, but there are also things you would want to donate to or be a part of.
Five months ago I was at a conference in Washington D.C. and took a taxi to my hotel. As I was talking with the driver I shared why I was in town. He started to ask me, “What’s the secret? What can I do to be like everyone else who has a lot of money?” He was asking me for quick tips or the one stock to invest in to end up rich.
Forming Habits: Don't get Discouraged, Failure Isn't Final
Let’s quickly talk about something that can happen as you’re working toward goals you’ve set. This is simply the attitude of being discouraged.
Today as you’ve started to make a change in your habits you may start off strong. After a few days of progress something happens to get you off track. Then you get back on track for a while and move forward only to get off track again. And this crazy cycle of trying and failing progresses.
For more on this topic, check out Good Financial Reads: Money Management & Financial Success, Part One.
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