Much has been said about money already. But whatever your philosophy, you would agree that money enables us enjoy some of life’s comforts, so it’s quite important. That being the case, you need to understand the basic building blocks of money.
According to financial expert, Grant Cardone, he has compiled a list of the 3 building blocks you need to have. Though these are not all you need, but starting with these is a fine start.
1. Meet Weekly On Your Money
If you don’t pay attention to money, then don’t expect to have it. Do you want to know the why? It’s because money loves attention. Money never sleeps, and it gets bored. Money is jealous, so if you don’t pay attention to it, it’s going to live with someone else. Put your attention on what you want!
2. Stay Broke
Why would you want to stay broke? Because when you are broke, you are forced to hustle – to work harder. But when you have a cushion, you go soft and rest. When there is a cushion of money lying around, you will always find something to spend it on! To always stay broke, and push yourself to hustle, put 40 percent of your income into an account where you can’t touch it. Every time you get new money, put it into this account.
3. Become a Pro
A basic building block of money is to get you in a position to quit worrying about money. If you are worried about money, it’s an indication that you are not doing the right things. We are brought up worrying about money, and anything you are not sure about or competent about, you will get worried about.
Hence, you cannot afford to be an amateur when it comes to money. Amateurs have no plan, don’t pay attention, don’t know what they are doing, and have not made it a priority. There is no shortage of money, you just need to understand how to get it and worry is an indication that you are on the wrong side of the game. So, how can you fix it?
What Should You Do?
Start by analysing where you are financially every week and how you are doing, learn to stay broke no matter how much you increase your income, and set a target of saving 40 percent. Learn to stop worrying about money by becoming a pro — not an amateur.