How you view money will determine your attitude towards it. Your attitude towards money will in turn cause it to grow or disappear no matter how much passes through your hands.
While growing up we all don’t get to go to a school where we are taught how to manage money and make it grow. Like everyone else we learn the lessons along the way stumbling and making loads of costly mistakes.
Earning more or making more money is not the issue but how to manage and grow money is the thing. How do we grow our monies to become a tree that will sustain us at retirement? I am also talking about Money that will be a legacy for those who will come after us when we are gone. Now that is the kind of money I’d like to have!
More money can mean more frustration if you do not know how to keep planting some of it as seeds.
How to achieve successs at planting your money seed:
- Don’t spend all you make or earn.
- Save an amount daily no matter how small. A N100 or 1 dollar daily is a great way to start.
- Don’t spend all you have in acquiring things, invest and be disciplined now so you can enjoy your tomorrow.
- You don’t have to make a statement trying to be like everyone. Plan… Plan.. and spend less than you earn.
- Have a target amount you intend to save.
- Decide the time you want to have achieved this. For example, 1-5 year plan.
- Have a purpose for saving. What do you want to do with the money you are saving.
- When the money comes rolling in invest in the lives of others. Give back to the society.
These points are my personal Lessons drawn from reading chapter 1 of the book: Multiple Streams of Income by Robert G. Allen.
Adebisi Adetunji (C)