Hi, Steemians Jhayson here.. Let’s talk about your future today!
Did you know that money alone doesn’t make you rich? Well maybe some of you reading this already know this principle but I bet that 50% of steemers if not 70% have no idea to this topic and I’ am here to share what I know. Okay so let’s begin.
First, let us define Money! According to the Dictionary.
“Money is something generally accepted as a medium of exchange, a measure of value, or a means of payment.”
The definition itself is clear, MONEY is a MEDIUM of EXCHANGE, MEASUREMENT of VALUE and MEANS of PAYMENT! But for some reason, to others, money is EVERYTHING. Big difference right? They think that money is the answer to all of their problems but in reality, money gives them more problem. That is because they can’t control their bad spending habits. Yes, having more income is nice but if your expense increases proportionately to your income, then nothing much is changed much worse if your expenditure is greater than your income. If that’s the case, then my friend you are in big trouble. I guarantee you.
Evaluate yourself. If you feel that something is wrong in you financially, then it might be the best time you do something about it.
The first thing to do is control your bad expenses, what I mean with BAD expenses is something you spend but with no expectation of return. For instance, buying the latest smartphone even if you still have the later version of it or buying your dream car but through credit even though you didn’t need it much. Those examples are bad expenses and that expense makes your life miserable. Expenses like that take away your money out of your pocket monthly.
Before you spend your hard earned money on something, think about it for a second. Ask yourself, do I really need this or I just want it? Because rather than spending it on bad expense, you can spend it on good expense. What I mean on good expense is… Yup, you guessed it. Investments! I think many of you reading this is familiar with this word. This word “INVESTMENT” is your key if you want to be financially free. The rich people do not work for 8 hours – 10 hours a day to make money. Remember that.
THESE ARE GOOD EXAMPLES OF INVESTMENT
- Business
- Real Estate
- Stocks
- Options
- Commodities
- Currency
- Cryptocurrencies
In conclusion, the first step in achieving your financial freedom is to control your expenses. Change your habit of spending from bad expenses to good expenses like the one on the list above. Take control of your finances today. Always remember that you have a choice in your life, it is to WORK for MONEY or let MONEY WORK for YOU. You decide.
