Money is very important in the life of humans. Money has its own impact, as it can cover a variety of things. Without money, you can’t live the luxurious life you dream of. Many people think the money is scare, but it is not. You just lack the ability to acquire it.
Getting rich is not just about money, you need financial intelligence. If you lack this ability, your money is a waste. As you’re getting eager to have money, also try to understand what financial intelligence is.
Financial intelligence also helps to increase your confidence. As you become more financially intelligent you increase your income, manage your expenses better, increase your assets, and also leverage instead of increasing debts.
Avoid making these mistakes with money:
1. Avoid spending all your money.
This is why some people remain broke all this while. People need to understand that their earning is not really their money, but the one they save. After been paid, first save 20 percent or you can save more, depending on how you earn.
2. Control your budget.
Human want is unlimited. If you want to be rich, you need to be able to control your budget. Try and cut your expenses. First get what you need and not what you want. That is the only want to survive.
3. Save before spending.
The first thing you ought to do after earning is to save. If you don’t save first, you will later end up spending everything. So save before you spend.
4. Try to invest.
Play it smart when it comes to money issues. You need to take some risk, mind you, don’t take the risk that will put you into trouble. Invest your money, so it can grow.
5. Don’t lend money to someone close to you.
You lending money to someone close to you is like taking a risk. The chance of getting it back is low. You can give them money, but avoid lending them.
“acquiring money is not a day thing, with your financial intelligence, mixed up with hardwork, you’re one step to getting rich.”