Financial Finance/Wealth Creation
What Is Your Belief About Money?
Money should not be our top priority in life, yet we must recognise its benefits and pitfalls.
It is important to know our beliefs about money, as our beliefs direct us towards money success or failure. Do we believe money is evil, not to be sought after, and can enchain us if we have a lot of it? Then we are not likely to have it, and if we do, we are not likely to utilize it correctly.
What’s keeping us from being rich? In most cases, it’s simply a lack of belief. In order to become rich, we must believe we can do it, and we must take the actions necessary to achieve financial literacy.
No matter how we want to look at it, money holds an important position in today’s world and in our lives. We all know that money cannot buy us happiness, however, it does help in meeting our financial responsibilities.
We must take cognisance of little and what we deem insignificant expenses. We have to remember that it is these little leaks that can sink the ship.
Basic Financial Mastery
The majority of us cannot boast of cash when we desperately need it if unexpected expenses arise. It is therefore important to have a basic knowledge of financial management. The basic knowledge will teach us when to pay our bills, save, and track our spending. Doing this properly affords us financial freedom, making us in control of our funds.
“An empty mind is more dangerous than an empty wallet” Mac Duke The Strategist
Learning about basic finance will also help us make valuable personal and business decisions without feeling stressed whatsoever, but rather with confidence.
It is not necessary to have any financial background to make a wise financial decision, as the basic, and even the nitty-gritty can be learnt. Financial LITERACY is one way to build up our confidence about our financial decisions.
Financial peace isn’t the acquisition of stuff. It’s learning to live on less than we make, so we can give money back and have money to invest. We can’t win until we do this.
Learn About Finance Without Any Financial Background
There are many online courses out there that teach us the basics of finance, some are paid, and many are free.
“Financial education is more valuable than money”
― Mac Duke The Strategist
Taking up one of these courses is a way of investing in ourselves. When we understand how to manage our money, we will see that it is as simple as ABC.
The impact of money on our lives cannot be denied, as it gives us choices regards the quality of lives we live, our children education, our holiday choices, our health, where we live, what we eat and many more.
The Takeaways
- “Not wasting money is the best way to save money.”
― Mokokoma Mokhonoana - “Those who master money are free to serve others still mastered by it.”
― Orrin Woodward - Most times, bankrupted finances is a reflection of bankrupted souls.”
― Orrin Woodward - “FEAR OF FAILURE IS BORN FROM THE LACK OF REQUIRED SKILLS!”
― Aryan Chaudhary. - ”Never spend your money before you have earned it.” — Thomas Jefferson
About The Author
Lanu Pitan is a Nigerian ex-pat living in the United Kingdom. She is a Chartered Accountant for many years before she retired as a Group Head Finance of a Publicly quoted Insurance Company. She now manages her own small operation.
