Golden rule: Those with all the gold make all the rules

in money •  last month 

Money psychology
Your friends are all idiots. Their personal finances are a mess, they’re delusional about their spending, and most of them don’t even max out their 401(k).
The problem is: you’re probably just like them.

Our psychological makeup works against us, giving us reasons to put off exercising or eating healthier.
IMG_3486 (kopia).jpg

I thought ;i should go over my over all spending; and then I noticed myself thinking "Do I really want to know how much I spent on Foods?"

If there's something you feel guilt or shame about when it comes to money, even if it's just one mistake or area of weakness, those emotions can really hold you back when it comes to managing your finances. For instance, maybe you don't overspend but investing terrifies you. Or perhaps you made a bad investment years ago that still haunts you.

IMG_3496 (kopia).jpg

Recognize that plenty of smart people your age are scared of investing.

Folks sometimes feel self-conscious about their investing anxiety because they think all their peers must have it figured out. For instance, you might think that feeling scared of investing is abnormal or that it’s a sign you’re incompetent relative to similar people.

A psychological hack to save you money.

Learning how to save money is a big part of living a Rich Life.
And contrary to popular belief, it isn’t just aimlessly tucking money away in a savings account or under your bed. It’s about:

  • Practical systems
  • Good goal setting
  • Human psychology
    IMG_3481 (kopia).jpg

Knowing how to save money allows us to invest in the things we want in the future
These are what we call Big Wins — and they’re the backbone of why we save money.

Automating your finances.

Eliminate the stress of figuring out what to do with your savings
Earning the Big Wins. It’s way easier to earn an extra $30 a day than to save $3/day
When you automate your finances and focus on the Big Wins, you’ll see explosive growth in your savings and earnings almost instantly.
And the best part: You can do all these things in a few hours and then you never have to think about them again.

Make A passive income”

I love when people say this because you can tell they have no idea what they’re talking about.
It’s kind of like trying to identify people with bad taste:
Just go to the local Hometown Buffett.
They’re all there.
I hate to say it but most of us don’t need to focus on passive income, we need to focus on improving our active income — our jobs. How?
By becoming more skilled, solving more problems for our bosses, and basically out-hustling co-workers

A lot of people don’t like to hear this because it means that instead of reaching for some dream of $500/day in passive income, they actually have to do some work right now at their jobs. But your job is the most likely place you can significantly increase your income.

Fix: Get better at your job and negotiate your salary
IMG_3622 (kopia).jpg

If I just try harder, I will save more.”

This is like a fat man swearing off sugar and delicious Taco Bell. Not even swearing it off, just saying he can swear it off “some day.” The truth is, we all know we need to save money, exercise more, call our family regularly…but there are serious barriers to doing all of these.

There is significant research indicating that simply trying harder will not help you get started investing.

Solution: Automate your finances so you’re not dependent on your willpower.

“I’m going to start keeping a budget”

?? Excuse me what, come again?

This is like that, only for grownups. At some point in our lives, each one of us will get motivated and decide, “Yes! I’m going to track my spending.” This will last about 10 minutes until we realize it’s;
1 really hard,
2 we don’t like ourselves when we objectively analyze our spending,
3 it’s much easier to do nothing than to subject ourselves to the pain of budgeting.

Create a Conscious Spending Plan that will let you spend extravagantly on the things you love, as long as you cut costs mercilessly on the things you don’t.

Saving tip #1: Automate your finances

One reason we don’t regularly save money is due to the pain of putting money into our savings accounts each month.
It’s the reason why cutting out lattes or skipping lunch is a terrible way to save more money.

Money tip #2: Negotiate your bills

Once you have your finances automated, the next step in learning how to save money is to negotiate for lower prices on your bills.

It’s a little-known fact that you can negotiate many of your bills with a one-time phone call. In fact, you can save HUNDREDS a month!!

My friend goes on vaca 4x a year and he makes less than me!

Your friend is either a highly skilled practitioner of Conscious Spending, or an idiot
What’s funny is this becomes more true as you get older, yet we get even more jealous.
Think about it: How many times have you heard one of your parents ask the other one, “Why can’t we go on vacation like they do?” without understanding how their spending breaks down?
Odds are, they’re not conscious spenders, but rather overspenders.

Solution: Would you look at a bunch of blue whales for advice on losing weight?
Then why would you look at your ordinary friends, who are making ordinary money decisions, and will end up with ordinary results — not having enough money — as role models?

Start to invest in stocks

I am getting so mad typing this that I don’t even know where to start.

First of all, let me acknowledge that fewer than 5% of people will probably ever say this, since most people don’t invest at all, then turn 40 and get scared, call their HR rep, set up some kind of mis-allocated plan, and then go on their merry way whistling and eating walnuts.

Prepay your debt to save thousands

If you have student loans, you can actually save thousands of dollars each year —
by spending more each month.

This post have been delivered to you by my sponsors; Sony, Apple, Fila, Volvo, Marlboro & Madagascar produced coffee beans ^^

“It does not do to leave a live dragon out of your calculations, if you live near her.
♡ 🐲ℒℴve 🐉♡

dragon heart.png

CameraCanon EOS 77D
LensCanon EF S18-55mm f/4-5.6G
Location Sweden; somewere
OwnerAll Rights reserved,original content by @swedishdragon

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Many wise words in this post that people should take notice of for that better life you don't have to be a millionaire to achieve a better and more comfortable life :)

aw thanks hun :D yeah its kidn fo funny as most asume , you have to be billioner or something, they dont get , every one starst at 0 ;) and build ;) :P