Be the Master of Your Money, Not Its Slave
Anyone who has been deeply in debt will recognize the feeling of working like a slave to pay your debts, knowing that for all your hard labour there will barely enough left to survive, let alone the energy or capital to even attempt to break out. I've been there and so have millions of others.
It is a form of slavery, you are a slave to money, all the productivity and energy of your labour is going into the pockets of others. The sad thing is that people often walk into this scenario voluntarily. It is no way to live.
It is possible to break out of this state, to take control of your finances and win back your financial freedom. To do it you are going to have to turn things around and master money. YOU CAN DO IT! The joy is that as you turn your finances around, your life turns for the better also.
Anyone can achieve great wealth if they desire it strongly enough. It is all about making the right choices and doing what is necessary. These choices are yours and are reflected in the day to day decisions you make ( or don't make ) about your finances.
Mastering Money Principles
There are no big secrets - you will find all you need to make a start freely available on this site, with some of the key principles that you must adopt listed below.
Know What You Want
Only the person who really knows what they want can direct a path towards their goal. A person who does not know what they want, has no direction, no path to navigate, they are lost. If you do not know what your life purpose is, make it your priority to discover it.
Understand the Purpose of Money
Money is a means to an end; it is the energy that enables things to be owned and produced in the physical world. Money itself has no intrinsic value, it is just paper. But its power in the physical world to aquire things towards your advancement makes the pursuit of money an important goal in life.
Never Borrow Unless it is to Invest
Never borrow unless it is an investment in your own advancement. Buying a home to provide shelter and comfort is an important investment in yourself. So is buying a car to get you to work, but buying more car than you need is wasting your financial strength and diminishes you.
When you invest, you expect growth and expansion, either in terms of money or advancement towards your goals. Whenever you are spending and especially with debt spending on things that do not nourish you in mind, body or spirit - or create greater wealth or advancement, you are surrendering and stepping away from your dreams.
Maintain Financial Awareness
One characteristic all successful wealthy people is that they know where their money is and what it is doing. They know what is coming in and what is going out. They ensure that their money is always working to the maximum for them. They respect their money because they understand that it gives them the power to ACT and achieve their goals. They maintain a conscious awareness of all of their financial affairs at all times.
Part of financial awareness is recognizing risk. Every person is different, but all of us face financial risks, like sudden ill health, education fees, child care, the security of our assets. It is important to be aware of the risks and where possible mitigate against them.
Positive outlooks create positive outcomes. It is as simple as that. It is important to nourish yourself with positive thoughts and attitudes. Use positive thinking techniques and affirmations to bring and maintain your positive attitude. If you experience negativity, use your positive thinking to turn it around and find the positive outlook.
Trust Yourself above all others. Trust your ability and your instincts about your own financial affairs. If your knowledge is weak, aquire it. Only YOU have your own best interests foremost in your mind. Others may have slightly different agendas. Learn to trust your own judgement and to always have complete knowledge so that you can rely on your judgement without doubt. Where necessary, take advice - but ultimately - trust yourself and your own instincts.
Take responsibility for your Financial Position. You are where you are now as a result of decisions YOU have made (or not made) in the past. By recognizing this, by taking responsibility for your own financial actions and learning from them - you can learn from failures and successes. It is a common mistake to look for others to blame for their own predicament without recognizing that THEY ALWAYS HAD A CHOICE. No matter how difficult or unpalatable that choice may have been, there is always a choice. Ultimately we are, each of us, responsible for ourselves.
Take Financial Control
Take charge of your finances, you need to understand them intimately. Know what you are earning, what you are spending. Plan you financial strategy and put it into action. Remember - Your money is your power, make the most of it.
Release All Fear
Fear is one of the greatest blocks to success and wealth. You must face your fears - see Facing Your Fears. Fear stifles energy and creativity and this not only blocks your ability to achieve wealth but impacts success in all aspects of your life.
Honesty is vital, particularly self-honesty. Without it, we are unable to get to the truth and make decisions based on that truth. Without truth, you may be left laying plans and taking actions on illusions and fantasy. The more honest you are yourself, the more honest will find the people you surround yourself with. Like attracts like is part of the Law of Attraction. Set a high standard, be as honest as you can with all around you and expect the same from them.
It may seem like a small thing, but it is not. Learn to be grateful for the things you already have. Take the time to recognise the good things you already possess. Doing so opens up your ability to receive more prosperity. If you fail to recognise and be grateful for the things that you have already achieved, you undermine your ability to reach out for more. Each day, write down 5 things that have happened that you can be grateful for. It can be anything - from a generous smile, to a big bonus.