5 Financial Goals that You can Set For Your Life
Year 2008 is around the corner and we are now in the busy December. We are busy in December because we have to prepare for the Christmas Day and also the New Year Celebration. Some of us might busy for the year-end holiday. A lot of shopping and planning have to be done within this month.
Besides shopping and holiday planning, there is actually a process that we cannot miss out. It is Goal Setting for the coming up 2008. You can set any goals for 2008 but I would like to remind you to set a financial goal for yourself so that you can take some serious actions for your personal finance.
Don’t know what to set? Don’t worry, in order to assist you on this, I have categorized the top 5 financial goals that you can set for your life. Here they are:
Your Relationship with Money
This is an article that talks about why some people can be rich and make money easily while other just struggle from paycheck to paycheck. You have to find the key, the true key to open the box of wealthy and open bright future for yourself.
Do you ever suspect or think about why one person can make so much of money while another just barely cover basic expenses?
Lately, I was searching for a new house for my family. I went to several housing area and I found that different housing area has different kind of house prices. Yes, I understand that there are many factors that will make one area more expensive than others. Let’s not discuss this topic and change our focus on the owners.
I found that some people are so rich that they can afford properties that worth millions of dollar. Some of them even located at a good location and as you and I can imagine, the price is sky rocket. However, on the other side, there are people that still struggle and hardly buy a small tiny house. This makes me curious the true reason why the gap is so big between them.
What make others Wealthier?
I keep thinking the question and I know I must find the key. All of us are human with the same talent given by God. Then why someone is making more money than us? We must find out the true reason because this is the key for us to be rich and wealthy.
After doing some researches and observations on the rich people around me (both my mentor and my customers), I began to formulate the answer. I found that a person’s financial condition is not only depending on the external factors such as how much money they make and invest, but also on their internal environment which about the relationship between them and their money. This is the most important factor that determines the wealth of someone because this is the foundation of how people will handle their money.
Your Relationship with Money
I can see that our relationship with money is the foundation for our wealth. As my mentor always says “You must love the money to make the money love you”. Before this I was quite confuse with what he had said. But today, I can understand this.
Our relationship of money will reflect our thoughts, beliefs and feeling on the subject of money. For example, if you love money, you will try all your best to make money and the most important thing is you enjoy the process. Don’t you agree that if you enjoy doing something, usually it will be your hobby and you can do it every well? You will spend most of your time on it and make it the best! This is why almost all the rich people enjoy making money, talking about money and eventually make the money loves them and follows them.
I can observe this from one of my customers who can make a lot of money easily from stock market easily while others complain it is risky. Others are complaining risky but for him, it is easy and enjoyable to make money from stock market.
How to Make Friend with Money
Now you know how important it is to make friend with your money. If you want to be rich, financial free or simply own the wealth that people around you admire at, then you must learn how to deal with your money. Below are some of the tips that I can give you which I learned from my observation over the rich people around me:
- Change your mind – Change your mind that “Money is not Evil” and start loving it.
- Understand your inner phobia on money. If you have some bad experience on money, don’t hesitate to find someone and discuss it. This will help you face your problem properly. You can contact me and discuss with me if you want
- Talk more about money. People will discuss their favorites with others, so start talking about money today!
- Spend over Earn Ratio. Please make sure you always spend less than you earn. This will make money feel that you love them and follow you. This is what my mentor told me.
- Appreciate your money. We appreciate our money because it can help us to buy something that we need and love. It is a friend that help us to buy what we love.
Conclusion
Your relationship with money is very important. I believe this is the most basic foundation for our personal finance. We must learn how to make a good relationship with money before talking about how to manage them. I believe if you have a great relationship with money and you love them, then you will know how to manage them very well. This same theory also applies on car where a person who loves car will take a good care on the car.
Love Your Money and It will Love You Too!
Do you want to be rich? 5 lessons you can learn from them
I always believe that we all born equality when we are still a baby. After that we learn differently and then have different habits, characters and mindset. So the most important stage, in my opinion, is what we learn.
Financially, those Riches are different. They must have certain things that they are doing correctly so that they have more money than others. So this is what Liza Pulliam Wilson from MSN Money talking about in her Article : 5 Lessons the Rich can Teach You.
5 Lessons the Rich can Teach You
- They give away more
- They are much more likely to own business
- They borrow strategically
- They don’t blow a lot of money on cars
- They’re almost always homeowners, and many own investment property, too
From the title of the 5 lessons, you may know that rich people manage money slightly different. In conclusion, they
- Run their business (Lesson 2),
- Invest their money (Lesson 5),
- Manage their money properly (Lesson 3 & Lesson 4),
- Use their money to help others (Lesson 1)
Source : MSN Money
