businessmanagements

You may be wondering how this have anything to do with business management when it comes to money management? They both intertwine because if you don’t handle money the way you should, you are doom for failure financially. I would like to share what I know due to books and stuff when it comes to money and how you can manage it better before you are in way too deep with it.

First step is to assess what kind of a person you are when it comes to money. Do you spend? Invest? Save? The rich have been rich due to handling their own money their own way and it’s how they get and stay rich. I just got done reading a book written by T. Harv Eker and I recommend checking out his Secrets of the Millionaire Mind if you haven’t gotten around to it.

In his book, he stated that you can start off very small in order to manage your money better. I personally love the idea of becoming rich myself and be able to help others at the same time. You can start off with a buck. With a buck, you devide it by 6 different ways.

I love what he suggest myself because even though I am not rich right now, I am setting myself up in order to get there. Whatever amount of money you do have, stick them in a jar and decide how much you are willing to divide it 5 different ways.

Most americans don’t know how to manage their money better because they need instant gratification. I am one of them from time to time and it’s important to spoil yourself once in a great while but doing that everyday will drain you financially. Think about this. Will you remember what that thing you bought last week was for? What was the thing again and where did you buy it at? Are you using it at all? If not, I suggest giving that to charity or give it to someone. Someone else may find it a treasure as the saying goes “one man’s trash is another man’s treasure.” You can sell it to make money off of it as well. It doesn’t hurt.

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