You Need To Play The Money Game ( The Escape From Financial hardship)
A lot of people sat down at the end of last year with nothing left in their bank accounts after celebrating Christmas. Their wallets were empty and they thought confusingly why they do not have money after calculating how much money exchanged hands from them. Sadly for a lot of them, the 2020 black swan came in with a pandemic. Unlike other economic meltdowns or recessions that still gives people the opportunity to move around, this one came with a shocker and a compulsory one nobody can dismiss and that is the lockdown. “What happened to the entire money made in 2019, why do I have my bank account empty as well as my physical wallet empty?” is one question that has been pondering through the heart of many people.
Money is one commodity that can never be written off, it is needed by everyone and anyone to transact, save, invest, and even spend for luxury. If after the end of last year you had $240,000, $1 Million, $6 Million depending on your level of income, pass through your hands and at the end of the year you do not have anything left, it is because you do not understand MONEY and it’s RULES
What is Money Rules?
Money is a game
Do not feel bad that you wasted money in your past years, or that you did not have a savings. You need to learn how money works, how it grows and have to beat the odds of spending it yourself. The only thing you will get is a money game instruction like what I am giving you now.
It is a game of Simple interest
If you had problem with simple mathematics like the addition, multiplication, division, square and square root, then you will be having a very big problem with money. Money is only worth it if can be increased.
Money needs to be moved in the right way
Leaving your money in the bank means your money is being used by the bank to make more money for them. When you have your money sitting in one place, you will eventually spend it on the wrong thing. Money likes to move in the direction where it can be used to reproduce so moving money in the wrong direction means it is gone. Spending the only $5000 you have in your account in a strippers club means you have moved your money but in the wrong way.
Create a crisis account
You never go out of money if you have an account for crisis. This account can only be made known to your will with your lawyer being the medium. This money is needed for days when an even occur or things go wrong. A crisis account should be funded so well that it can pay for your daily expenses for about 1 year when you have a crisis.
Do not drive a first class of anything until you have over $10 Million in your bank account
This is a rule you need to follow so can always have money in your hand, riding/flying first class when you aren’t a first class citizen yet is a waste of money. It is like you are dashing money out to people who do know how to use it.
Play your money game, do not compare
When you compare yourself to other people money game, you start to make reckless decision. Beat your goals and not your friend/family money game. Never compare your money game with someone else.
I am giving you this money rules because they are needed to keep your finance on check, the difference between a person with excess cash and a person without is how they handle money and how they follow the money rules.
Good tips, money makes money and I like how you showed gold bullion. I will follow your posts.
Thank you so much for the nice comment.
Glad to read these advices. I have never actually heard of the crisis account but sounds like a good idea. And your thought about never having 1st class until you have a lot in your account, sounds smart. So many purchase to impress when they should rather buy what they can afford and what is wise!
So many people live on the basis of just living large when they are not even staying up to expectation.
Very good tips on money management, money is like a spirit when it is used properly it multiplies.
Absolutely!!
I use to think having a set target by having some people in mind that you decide to follow is a good idea.
Yes, a mentorship strategy is not a bad thing but it is a different thing to always feel bad because someone else seem to be making more progress than us.