Mad_About_Money_final April 2017 | Page 21

Mad About Money Wealthy people think about their financial position for an average of three to four hours per month. On the contrary, self made millionaires who have put in their flesh and blood in making money, think for approximately thirty hours and more about their finance every month. This mindset fosters the habit of prudent decision making pertaining to money every time the same needs to be spent or invested. This mind set yields profitable results giving financial freedom in a slow but steady manner. Don’t ever lose money. Millionaires have financial habits that help them multiply their money. They never take time to think about investing the money. They usually take a long time to investigate about the investment options where their money is going to be parked. Financial decisions taken under the pressure of self or someone else usually tends to misfire. Financial decisions taken in urgency can result in loss of money. Consider investment opportunities as buses that keep coming one after the other. For all you know, many a times, money not invested in the wrong option is money saved from loss. et ds Min 3 Learn to negotiate hard. Millionaires value every penny of theirs. Negotiate hard and pay as little as possible when you buy something. Negotiate hard to increase the value when you sell something. Develop the habit of consciously monitoring every penny that goes out of your pocket. Remember, every negotiation saves or fetches you that extra penny which matters if you want to become a millionaire. Insure your earnings. Don’t get blocked by the usual mindset which considers Insurance as a waste where money lies idle. Insuring safeguards you during situations when you are caught unguarded. et ds Min 4 et ds Wealthy people think about their financial position for an average of three to four hours per month. On the contrary, self made millionaires who have put in their flesh and blood in making money, think for approximately thirty hours and more about their finance every month. This mindset fosters the habit of prudent decision making pertaining to money every time the same needs to be spent or invested. This mind set yields profitable results giving financial freedom in a slow but steady manner. set M ind 2 Min 5 et ds Min set d Min 1 Never wait depending on luck. Your financial position is like a bird in your hand. Do not look at the two birds on the branch to come in to your hands by luck. You may lose the one in hand too. Remember, luck favors the ones who try hard. Becoming a millionaire is a combination of traits like thoughtfulness, courage, persistence and character. As the saying goes, slow and steady wins the race. 6 Negotiate hard to increase the value when you sell something. 21