Often times we hear people say "get money", in fact there's a song from the late Biggie Smalls, the background ad libs chant "GET MONEY". I never understood how important it was to get money and when I say "get money" I don't necessarily mean acquiring it. What I really mean is understand money, get it? HA! Pun intended. It is very important to acquire money, as it is one of the main tools that keeps life moving. Money is the tool that provides life style, it dictates what neighborhoods you live in and the types of foods you eat. However, over the years as I journeyed further into my career as a Financial Coach and as an investor I decided to focus less on "getting it" and more of understanding it.
I remember my first $20,000, I really thought I was something. I fed my friends, paid my debt, bought everything that did not have a sale price and in 24 hours my account went from $20,000 to $8000. I do want to add I moved $5,000 into savings also, I wasn't completely careless. I remember feeling free! I also remember almost immediately after seeing my account drop so low so fast I felt anxiety consume me. I set my mind to believe I made this once I can make it again. The challenge we face and fail to understand is if we lack discipline with $10 we will have no respect for $20,000 and the value it may bring. Therefore, we will either lose it quickly every time or find it harder to come by the next time. I've often heard my millionaire mentors say "once you make your first $100,000 its much easier to make the second". I think they were just talking about the acquiring money part of "getting money", what they left out was the understanding and cultivating a relationship with your money. I am going to share with you the part they left for me to figure out. Here are 5 Tips to "getting" money:
Affirm overflow and increase of money in your life.
Pay Yourself first- If you choose to pay Tom, Con Ed and Harry before yourself you won't know the satisfaction of enjoying the fruits of your labor. (Side bar: Tithing comes before paying yourself)
Contribute to your investment/ strategic growth accounts simultaneous to your debts, I would not recommend to choose debt or investing.
Don't chase money rather allow your money to work for you. Give your money a job, our money can be lazy if we allow it.
Lose the mentality of needing to live like tomorrow is your last, enjoy/ appreciate today as though its your last but prepare your finances as though you want to retire your grandchildren.
Now with your current skill to acquire money and the 5 wealth tips I just shared, you can do like a Biggie Smalls song and GET MONEY for real.
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