10 Rules of Handling Money and Personal Finance

Most of us Today is struggling from some financial problems, and it's not your fault, No one ever teaches us how to handle money or how to keep it.

 So glad you are here, I'm going to introduce you some of the most common rules to use in your life for a Successful Financial Life.

1. Health:

 Taking care of your health should be the first thing, you may think that has 0% relation with your financial life? right? No, It has a strong relationship in the long run. Watch your health and your mental health it translates your life. Health is more important than money

2. Addiction:

Give up the addiction to bad habits, to consumerism, to debt, watching porn, wasting time. This cycle of doing it to feel good, do it again to feel good is never going to end so you must truly know yourself and what's your doing.

3. Do it yourself:

There are millions of videos, articles, books on the internet almost about everything, use Youtube!

Learn the things you don't know, there is no need to overpay for things you can do yourself. 

A Penny Saved is a Penny Earned

4. Follow your mentor:

If you don't have a mentor to guide you, to give you the good advice you'll be there struggling for years into financial problems. Consult someone trusted and successful in his life, and what I mean is He's financial life is successful, talk to them, ask for their advice that's will shorten the road for you. 

5. Saving:

You should put away a percentage of your earnings, Pretend it's not your money. 

You'll be surprised at how much you can save from this. Remember Rich people are Savers.

6. Earn more:

You can be an employee, business owner, or student, make sure to work extra hours, get a second job to develop a second income. Work on the Internet, Learn How To?

7. Pay-Off Debt:

Any debt you have should be paid off as soon as possible, avoid any debts with high interests: car debts, luxury accessories,... You can't be financially free if you're stuck in debts unless you are making more money from your debt.

8. Investing:

     You can start investing in a mutual find or during an open-end fund or another incoming producing mechanism, try some programs for the long term you don't have to risk anything while you don't have enough knowledge about the field. 

There are two ways. Rental real estate and a combination of precious metals and stocks.

        Buy a small house or a garage with a mortgage, rent it to someone, pay off the mortgage with the rent and sell it. If you are interested in investing I wrote an article on How to Invest Safely 

9.Obsession:

 People in this country are obsessed with money. Save money, spend wisely, invest prudently. Money is important, keep it in mind, but not the only thing in mind. I see many people have very dysfunctional relationships with money. Don’t die worrying about money.

10.  80% from 20% rule: 

80% of all problems are caused by 20% of the reasons. So if you can find out those 20% reasons that make you spend 80% of all your money, it makes easier for you to reduce your expenses.

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Lbiinga

Getting Rich From Scratch

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What is Rule #1 of Success ?

You may hear a lot of rules that you must follow in order to succeed in your life, but with my own experience, I think that self-discipline is the key to success, because without it you are nothing! Your life is becoming chaos, You have no control over your choices. I've talked about how to be from the 1% part of the world

Albert Einstein, Thomas Edison, Socrates, Charles Darwin, Richard Branson,... and so many others who achieved their fully-success were following only Rule #1 of Success.






Albert Einstein didn't speak till he was 4-years-old and didn't scan till he was seven. His folks thought he was "sub-normal," and one in each of his academics delineated  him as "mentally slow, unsociable, and adrift forever in foolish dreams." He was expelled from college and was refused admittance to the city polytechnic institute college. He did eventually learn to talk and browse. Even to try to to a touch scientific discipline.

Thomas Edison's academics same he was "too stupid to find out something." He was dismissed from his initial 2 jobs for being "non-productive." As Associate in Nursing artificer, the inventor created one,0000 unsuccessful tries at inventing the sunshine bulb. once a newsman asked, "How did it feel to fail one,0000 times?" inventor replied, "I didn’t fail once,0000 times. the sunshine bulb was Associate in Nursing invention with one,0000 steps."

Charles Darwin gave up a medical career and was told by his father, "You take care of nothing however shooting, dogs and rat-catching." In his biography, Darwin wrote, "I was thought-about by all my masters and my father, an awfully normal boy, rather below the common customary of intellect." Clearly, he evolved.

Socrates was referred to as "an immoral corrupter of youth" and continuing to corrupt even once a sentence of death was obligatory on him. He drank the hemlock and died corrupting.



I hope you are now changing your mind about being successful, it's never too late. The only thing that matters is to persist, every single day!

                                                               I Can + I Will > I.Q.

Whatever your goals are, be willing to start working on them…NOW.
Not next year, not next month, not next week. NOW.

If a goal proves to be too huge, break it down to manageable steps. And then, tackle the easiest tasks first, and then move on to more difficult/complicated ones.

But be willing to do something. Did something get in the way of your progress? Don’t allow that PAUSE button to become a STOP.

Assess your situation; re-evaluate, regroup, and then try again. If you fail, try smarter, not harder.

And Finally, Figure out what went wrong before moving forward.

Success Rule 1: What Others Think of You is None of your Business and The only Person in charge of your happiness is you! 

Check out this article in the same context: 13 Things that Separate The Rich from the Poor



Lbiinga

Getting Rich From Scratch

Read More