MadAbout
Money
SOME THINGS NEVER CHANGE IN LIFE . THEY REMAIN SO CONSTANT THAT WE KEEP STRUGGLING TO HANDLE THEM IN A PROPER MANNER . ONE SUCH THING THAT CAUSES ISSUES OF DIFFERENT TYPES IS OUR FINANCE .
Finance is the cumbersome happiness which can turn our life in to a pain filled hell . The main reason for this is that our income comes through a single path while expenses continue happening vide many side roads . If expenses do not get controlled at the right time every time , we will inevitably come under its control sooner or later . Control your expenses or your expenses will start controlling you
WHO CONTROLS WHAT MATTERS
Three things that a human being must not become a slave of are people , past and money . Among these three things , dealing with money which is prevalent everywhere is one of the toughest things . I provide here some tips for having money under your control so you do not fall under its control
UNDERSTANDING THE NATURE OF MONEY
Money is an omnipotent force in the world next only to God . However , it is the most eluding factor too . While earning sufficient money is the most difficult thing in the world , spending happens automatically . Money never stays in a place but keeps flowing from one space to another constantly in an effortless manner
FIRST STEP TO CONTROLLING MONEY
The very first step to controlling your money is to track in a meticulous manner the areas in to which it flows . Every little expense needs to be tracked if you want to have complete control over the money you have . Create a tracker that will help your track your expenses on a day to day basis . This will automatically help you track your weekly and monthly expense status . Regularly tracking expenses will make you understand the major areas where your money is getting wasted . This will automatically help you contain spending your money in the concerned area .
INVESTING PRUDENTLY IS THE SECOND LOGICAL STEP
As soon as you recognize the area where your money is getting wasted , plugging the loopholes needs to be done immediately . Divert the money that was going for a toss towards prudent investments and savings . This will help you control your money ’ s movement in the direction you want it to move .
MAKE YOUR MONEY SEEK YOUR PERMISSION
When you streamline your expenses , every movement of your money happens with your permission . Money starts seeking your permission to enter in to a space and exist out of many . Anyone who cannot control his own emotions can certainly not control his money . Controlling one ’ s emotions is the key to controlling your money . Lack of control over your emotions creates financial loss . Be conscious about the interaction between your emotions and money so that you never ever get under its control . Lack of money is the state in which money takes control over you . Ascertaining the wastage areas at the appropriate time and building money in the form you wish to build will help you to have complete control over your money .
HOLD ONTO YOUR CASH
Plan 1
Plan a long-term strategy for your cash You seemed a lot happier when the prices of stocks were high and expected it go higher . Now , that they are behaving in just an opposite manner doesn ’ t mean all is gone . The rich won ’ t stress over markets downturn , although it would make them take charge to monitor their savings and investments and see they don ’ t lose it ..
Plan 2
Monitoring Wealth is Important Stash your wealth whichever way , you think is suitable , but keep your eyes on it at all times . Keep track of all the investments so that you are aware of the slightest fluctuations in the market . It will also help you in maintaining budgets for future expenses and investments .. ‘ Money comes to those who have faith in themselves .’ So , restructure your financial portfolio , harmonize with the market ’ s ups and downs and never give up on your dreams to achieve your financial goals . Rise , awake and stop not until the goal is reached .
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